Securities Advisory Service

Frequently Asked Questions

Can I apply for Securities Advisory Service?

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 https://www.poems.com.sg/faq/products-services/securities-wrap/

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

Contact us to Open an Account

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IMPORTANT INFORMATION

This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  

 

Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com