Share/Bond/Unit Trust Transfer

Share Transfer (SG market)

No Change in Beneficial Owner (Between Own, Joint Or Immediate Family Member) Transfer Fees
CDP -> PSPL account (CDP4.2 form) SGD10
Other Financial Institution -> PSPL account Waived
PSPL account -> CDP SGD20
PSPL account -> Other Financial Institution SGD100
PSPL account -> PSPL account
(other than Prepaid Custodian and Cash Plus account)
SGD20
PSPL account -> PSPL account
(To Prepaid Custodian or Cash Plus account)
SGD60
Change in Beneficial Owner (Off Market Transfer)
PSPL account -> CDP 0.25% of share valuation (min. of S$100) +
2 x [0.015% of share valuation (min. of S$75)]
PSPL account -> PSPL account
PSPL account <-> Other Financial Institution 0.25% of share valuation (min. of S$100) +
[0.015% of share valuation (min. of S$75)]
Change in Beneficial Owner (Between Related Company OR It’s Shareholders/Directors)
PSPL account -> CDP SGD 50 + 2 x [0.015% of share valuation (min. of S$75)]
PSPL account -> PSPL account
PSPL account <-> Other Financial Institution SGD 50 + [0.015% of share valuation (min. of S$75)]

Business reply envelope for CDP4.2 form

Share Transfer (Non SG market)

No Change in Beneficial Owner
(Between Own, Joint Or Immediate Family Member)
Transfer Fees
Other Financial Institution -> PSPL account No charge by PSPL. Please check with your external broker for their charges.

Note:
1. For US transfer via Direct Registration System “DRS”, there will be a foreign broker fee of USD 50.
2. To transfer holdings from Issuer Sponsored to Broker (CHESS) Sponsored, there will be foreign broker fees of AUD 50 and courier fees of SGD 32.
3. Europe: USD 75 (Foreignforeign broker fees, settled in SGD)
4. Philippines: PHP 75.00
PSPL account -> Other Financial Institution SGD100
Additional charges (foreign broker fees) apply to the following markets:
1. United Kingdom: USD 25
2. Japan: JPY 1,000 for the first lot, JPY 500 for every subsequent lot, up to a maximum charge of JPY 6,000
3. Australia: USD 12
4. Europe: USD 75
5. Malaysia: SGD 7 courier fee per transfer + SGD 5 per counter
6. Philippines: PHP 200.00 + SGD100
PSPL account -> PSPL account

Any account types (Except for Prepaid Custodian/Cash Plus) > Prepaid Custodian/Cash Plus account: SGD 60

Prepaid Custodian/Cash Plus account > Any other account types (Except for Prepaid Custodian/Cash Plus): Free

Prepaid Custodian/Cash Plus Account > Prepaid Custodian/Cash Plus Account: SGD 20

Additional charges (foreign broker fees) may apply to the following market:
Malaysia: SGD 7 courier fee per transfer + SGD 5 per counter

Change in Beneficial Owner
PSPL account -> PSPL account 0.25% of share valuation (min. of SGD 100).

Important Notes:

  1. All fees and charges above are based on Per Counter Per Transfer basis and are subject to GST, except additional charges (foreign broker fees).
  2. PSPL reserves the right to impose other charges or to revise the fees and charges without prior notice.
  3. Any out-of-pocket expenses, if any will be borne by the customer.
  4. For entire portfolio transfer, you may indicate “ALL” under “Name of Securities” and submit a copy of your latest statement with a list of counters to be transferred.
  5. PSPL reserves the right to reject transfer with change on beneficiary owner for any reason. Please check with your Trading Representative for more information.

Bond Transfer

Bond Transfer Transfer Fees
CDP -> PSPL account (CDP4.2 form) SGD10
Other Financial Institution -> PSPL account (Clearstream / Euroclear) USD18
Other Financial Institution -> PSPL account (Non-Clearstream / Non-Euroclear) USD12
PSPL account -> CDP SGD100
PSPL account -> Other Financial Institution SGD100
PSPL account -> PSPL account SGD20

Important Notes:

  1. All fees and charges above are based on per counter per transfer basis and are subject to GST.
  2. PSPL reserves the right to impose other charges or to revise the fees and charges without prior notice.
  3. All fees and charges will be charged in SGD or its equivalent
  4. For entire portfolio transfer, you may indicate “ALL” under “Name of Securities” and submit a copy of your latest statement with a list of counters to be transferred.

Unit Trust Transfer

Type of Transfer Transfer fee
Transfer from PSPL to Other Financial Institution SGD100 per fund is applied for subscription trades completed on POEMS within the last three months prior to the date of transfer request.

Important Notes:

  1. All fees and charges above are based on per fund per transfer basis and are subject to GST.
  2. PSPL reserves the right to impose other charges or to revise the fees and charges without prior notice.
  3. All fees and charges will be charged in SGD or its equivalent

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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