Singapore
Sound Economy – Singapore’s high savings rate, large current account surplus, flexible markets, sizeable foreign currency reserves and sound economic policies have received wide-ranging approval from international investors.
Extensive Infrastructure – Singapore’s pro-business environment and infrastructure makes it a strategic location for corporations with global operations. Singapore was ranked the most cost competitive place for business amongst nine industralised countries according to KPMG Competitive Alternatives Study, 2006 and third in world overall competitiveness according to IMD World Competitiveness Yearbook 2006.
Pioneer Online – Phillip’s On-line Electronic Mart System (POEMS), developed by Phillip Securities, is Singapore’s first electronic on-line trading system to harness the latest technology to complement existing trading capabilities for investors.
Since its introduction in 1996, POEMS has become the leading and preferred trading system in Singapore with thousands of satisfied clients. With the launch of online trading, investors can now trade directly to the Singapore Exchange (SGX) at the click of a mouse.
Trading Hours
| Start Time | End Time | |
|---|---|---|
| Pre-Open | 8.30 am | 8.58 – 8.59* am |
| Non-Cancel | 8.58 – 08.59* am | 9.00 am |
| Open | 9.00 am | 5.00 pm |
| Pre-Close | 5.00 pm | 5.04 – 5.05 pm** |
| Non-Cancel | 5.04 – 5.05 pm** | 5.06 pm |
| Close | 5.06 pm |
* Pre-Open Phase ends randomly at any time from 8.58 – 8.59 am and Non-Cancel Phase will begin immediately after Pre-Open Phase ends.
** Pre-Close Phase ends randomly at any time from 5.04 – 5.05 pm and Non-Cancel Phase will begin immediately after Pre-Close Phase ends.
For Foreign Markets, please click here.
Note:
- The above are trading hours for normal trading days. Please check with your Trading Representative for earlier closing time for certain holidays and eve of holidays.
- Orders received during “No Orders Accepted On POEMS” time will be rejected.
- All time are Singapore Time (GMT+8) unless otherwise stated.
Bid Size
| Share Price (S$) | Minimum Per Bid Size |
|---|---|
|
Below $0.20 |
$0.001 |
|
$0.20 to $1.995 |
$0.005 |
|
$2.00 and above |
$0.01 |
Fees & Charges
SGX Market
| POEMS Online / Mobile | Broker – assisted | ||
|---|---|---|---|
| Contract Value | Phillip Investment Account – Prepaid (CC) | Other Accounts | All Accounts |
| up to SGD50,000 | 0.18%* | 0.28% | 0.50% |
| >SGD50,000-SGD100,000 | 0.18%* | 0.22% | 0.40% |
| >SGD100,000 | 0.18%* | 0.18% | 0.25% |
| Minimum | S$25^* | S$25^ | S$40^ |
^Note: the minimum brokerage amount for counter not traded in SGD will be converted from S$ and at the prevailing exchange rate
Plus Clearing Fees of 0.0325%# & SGX Trading Fee## of 0.0075% on the contract value and GST on brokerage, Clearing Fees & SGX Access Fee.
(Brokerage is calculated on a flat rate)
#except for Structured Warrants which will be at 0.004% of contract value
##Trading fees for structured warrants is 0.001% of contract value from 2 March 2015
*Promotional rates of 0.12% and minimum S$10 will apply with effect from 2 January 2017. For more information, please click here.
For International Markets, please click here.
2017 Non-Trading Days
| Month | Day | Date | Holidays | Settlement | Trading Day |
|---|---|---|---|---|---|
| January | Sunday | 1 January | New Year’s Day | No | No |
| Saturday | 28 January# | Chinese New Year | No | No | |
| Sunday | 29 January* | Chinese New Year | No | No | |
| April | Friday | 14 April | Good Friday | No | No |
| May | Monday | 1 May | Labour Day | No | No |
| Wednesday | 10 May | Vesak Day | No | No | |
| June | Sunday | 25 June* | Hari Raya Puasa | No | No |
| August | Wednesday | 9 August | National Day | No | No |
| September | Friday | 1 September | Hari Raya Haji | No | No |
| October | Wednesday | 18 October | Deepavali | No | No |
| December | Monday | 25 December | Christmas Day | No | No |
# The preceding Friday, 27 Jan 17, is a half-day trading day.
* The following Monday will be a public holiday.
1. How much are the dividend charges?
| Dividend | Dividend Charges |
|---|---|
| Cash Dividend | 1% on net dividend subject to min of S$1.07 and capped at S$53.50 (inclusive of GST) + Foreign broker fees and taxes (if applicable) |
| Scrip Dividend | S$10.70 (inclusive of GST) + Foreign broker fees and taxes (if applicable) |
Accounts with multicurrency facility will receive the cash dividend in declared currency unless otherwise determined by the issuer/PSPL.
2. How much are the corporate action charges?
| Types of services | Cash Offer, Rights Issue, Privatisation Exercise, Merger & Exchange, Cash In Lieu, Liquidation, Redemption of Warrant, Loan Stock or Bonds, Capital Distribution, Tender Sales, Warrant Conversion |
|---|---|
| Fees and charges | S$10.70 (inclusive of GST) + Foreign broker fees and taxes (if applicable) |
Risk Disclosure
Transactions on markets in other jurisdictions may expose you to additional risks. Such markets may be subjected to rules that may offer different or diminished investor protection. Before entering into such trades, you should be aware of the rules relevant to the particular transactions. The potential for profit or loss from transactions on foreign markets or in foreign currency- denominated securities will be affected by fluctuations in foreign exchange rates.
