Securities Advisory Service

Frequently Asked Questions

Individual, joint or corporate account holders may apply to open an account. You can open an account by contacting your representative. Please note that a suitability assessment has to be performed before account opening.

Yes, you have the option of maintaining foreign currency balances (USD, HKD, MYR, JPY, AUD, GBP, EUR, CNY and CAD) in your account for ease of trading and efficient management of your foreign currency denominated investments by opting in for our multicurrency facility.

With this facility, you may choose to settle your purchases or sales either in the traded currency or in SGD. However, your account must have sufficient funds in the settlement currency to avoid incurring interest on the debit balances. Please find the schedule on debit imbalances here.

You may wish to opt-in for the excess funds management facility to enjoy potentially greater earnings on the excess funds parked in this account. By opting in, your excess SGD and USD funds will be invested on a discretionary basis into the Phillip Money Market Funds (MMF) and Phillip USD MMF respectively. Please refer to the section on Excess Funds Management under important notice for more information. To opt-in, simply log into your POEMS account, go to: ACCT MGMT > STOCKS > Online Forms>Excess Fund Authorisation.

Otherwise, any surplus funds in this account will be deposited into a trust account. Credit interest, if any, will be paid on the full amount of the excess funds in the account when it exceeds the stipulated threshold as follows:

SGD 50,000 0.10% p.a.
USD 50,000 0.15% p.a.

With effect from 1 Feb 2022, negative interest will be imposed on the following currencies:

YEN 0.50% p.a.
EUR 0.50% p.a.

As long as you have sufficient funds in SGD equivalent in your trading account, you enjoy automatic settlement for trades done in shares. For non-multi-currency account holders, a conversion to SGD will be done on the settlement date.

Settlement of Purchase Contracts: Purchase contracts will be settled on the contract due date. There will be no partial settlement of contract.

Settlement of Sale Contracts: Settlement of sale contracts will be carried out upon fulfilment of delivery obligations.

Please note that this account does not support contra arrangements.

For more frequently asked questions, please visit

ETFs offer a low-cost and easy way for you to gain exposure to a basket of stocks instead of exposure to a single company. There is a wide variety of ETFs available in the market to cater to your investment needs and goals. Talk to your Representatives and understand more about ETFs now!

Phillip Capital Management – the Asset Management arm of PhillipCapital offers three ETFs:

  • Phillip SGX APAC Dividend Leaders REIT ETF – Gain easy access to a diversified and liquid basket of REITs across the Asia Pacific Region.
  • Phillip SING Income ETF – The easier way to gain access to high quality SG Stocks.
  • Phillip SGD Money Market ETF – Gain access to high quality debt and money market instruments and deposits with eligible financial institutions.

Learn more about ETFs here

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