Singapore Depository Receipts (SDR)

Benefits of investing with SDR:

Global Access

Invest in overseas listed companies via SDRs through a single marketplace

Cost Simplification

Local brokerage and fees applies. No additional overseas trading fees, foreign exchange fees, or management fees

Convenience

Trade, clear and settle during SGX-ST market hours in SGD

CDP Custody

SDR are custodised with CDP. For non-CDP linked accounts, it will be custodised with sub-accounts under Phillip Securities’s name

Flexibility

Easily convert between SDRs and underlying securities, providing adaptable investment options

Transparency

Corporate actions and events related to SDRs are clearly announced on the SDR issuer’s website for full transparency

What is SDR?

Singapore Depository Receipts (SDR) are instruments that represent the beneficial interest of an underlying security listed on an overseas exchange. An SDR is issued for trading on the securities market of the Singapore Exchange (SGX-ST) on an unsponsored basis by an intermediary, referred to as a SDR issuer, who does not have a formal agreement with the underlying company.

Each SDR is represented by a specific number of securities listed on an overseas exchange, deposited with a custodian appointed by the SDR issuer in the relevant home market. The underlying securities are registered in the name of the custodian and held on behalf of the SDR issuer who in turn holds the beneficial interest in the underlying securities on trust for SDR holders.

Thai Underlying SDR (Thai SDR)

No. SDR Trading Name SGX Trading Code SDR:Underlying Securities Ratio Underlying Company Name
1 ADVANCED INFO SERVICE TH SDR TADD 10:1 Advanced Info Service Public Company Limited
2 AOT TH SDR TATD 1:1 Airports of Thailand Public Company Limited
3 CP All TH SDR TCPD 1:1 CP All Public Company Limited
4 DELTA ELECTRONICS TH SDR TDED 1:1 Delta Electronics (Thailand) Public Company Limited
5 KASIKORN BANK TH SDR TKKD 1:1 Kasikornbank Public Company Limited
6 PTTEP TH SDR TPED 1:1 PTT Exploration & Production Public Company Limited
7 THE SIAM CEMENT TH SDR TSCD 10:1 The Siam Cement Public Company Limited
8 BANGKOK DUSIT MEDICAL SERVICES TBDD 1:2 BANGKOK DUSIT MEDICAL SERVICES PUBLIC COMPANY LIMITED
9 CHAROEN POKPHAND FOODS TPFD 1:2 CHAROEN POKPHAND FOODS PUBLIC COMPANY LIMITED
10 GULF DEVELOPMENT TGUD 1:1 GULF DEVELOPMENT PUBLIC COMPANY LIMITED

HK Underlying SDR (HK SDR)

No. SDR Trading Name SGX Trading Code SDR:Underlying Securities Ratio Underlying Company Name
1 Bank of China HK SDR HBND 1:1 Bank of China
2 Alibaba HK SDR HBBD 5:1 Alibaba Group Holding Limited
3 HSBC HK SDR HSHD 5:1 Hongkong and Shanghai Banking Corporation
4 BYD HK SDR HYDD 10:1 BYD Electronic (International) Co., Ltd
5 Tencent HK SDR HTCD 10:1 Tencent Holdings Ltd.
6 MEITUAN HK SDR HMTD 5:1 Meituan
7 XIAOMI HK SDR HXXD 2:1 Xiaomi Corporation
8 PING AN INS HK SDR HPAD 2:1 Ping An Insurance (Group) Company of China, Ltd.
9 JD.COM, INC. HJDD 10:1 JD.COM, INC.
10 PETROCHINA COMPANY LIMITED HPCD 1:2 PETROCHINA COMPANY LIMITED
11 SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION HSMD 5:1 SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
12 CATL HK SDR HCCD 30:1 Contemporary Amperex Technology Co., Ltd
13 Pop Mart HK SDR HPPD 20:1 Pop Mart International Group Ltd

Differences between SDR and NVDR

SDR Underlying NVDR Hong Kong Underlying Securities
Ownership SDRs give you a beneficial interest in the underlying NVDR. The underlying NVDRs are registered in the name of the custodian and held on behalf of the depository. You own the underlying NVDR directly. You own the Hong Kong underlying securities directly.
Trading Parameters SDRs are traded in Singapore Dollars on SGX-ST GlobalQuote during SGX market hours. Underlying NVDRs are traded in Thai Baht on SET during SET market hours. The Hong Kong underlying securities are traded in HKD on the HKSE during HKSE market hours.
Custody Arrangement SDRs are deposited either with CDP or with your custodian/broker. Underlying NVDRs are not held with CDP. They are held with your respective custodian. The Hong Kong underlying Securities are not held with CDP. They are held with your respective custodian.
Corporate Action Entitlements

The depository will make reasonable efforts to pass on the benefits of any corporate actions to you. However, as set out in the terms and conditions of the SDR, there are restrictions by regulations and conditions imposed by the underlying company. The timelines for participating in any corporate actions, if made available to holders, may differ from the timeline announced by the underlying company.

 You will be able to directly participate in corporate actions, subject to applicable regulations and conditions imposed by the underlying company. You will be able to directly participate in corporate actions, subject to applicable regulations and conditions imposed by the underlying company.

 

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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