Seize timely opportunities with Asiamoney Best Securities House 2023

The iOCBC internet trading portal and Mobile Trading Platform will be unavailable during the period shown below due to scheduled system maintenance

Saturday, 02 December 2023, 09:00am - Saturday, 02 December 2023, 11:59pm

We apologise for any inconvenience caused

With effect from 17 November 2023, there is a revision in the stamp duty chargeable on a contract note for the sale or purchase of any shares listed on Hong Kong Stock Exchange (HKEX).

Stamp duty will be reduced from 0.13% to 0.10%.

For more details, you may refer to HKEX webpage.

You may refer to our Commission Rates and Charges for the updated fee charges.

If you have further questions or need assistance, you may reach out to your Trading Representative.

Please update your iOCBC Mobile Trading Platform to the latest version now. The previous App version will be discontinued.

With effect from 28 August 2023, there is a revision in the fees for listed shares on Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE).

For listed China-A shares (under Stock Connect)

- Stamp duty is reduced from 0.10% to 0.05% (for sell transactions only)
- Handling fee is reduced from 0.00487% to 0.00341%

For listed China-B shares

- Stamp duty is reduced from 0.10% to 0.05% (for sell transactions only)
- Transfer fee is reduced from 0.00687% to 0.00541%

For more details, you may refer to HKEX, SSE and SZSE Webpages.

You may refer to our Commission Rates and Charges for the updated fee charges.

If you have further questions or need assistance, you may reach out to your Trading Representative.

Effective 24 August 2023, the Philippines Stock Exchange settlement cycle will be shortened to T+2 market days. 

If you have further questions or need assistance, you may reach out to your Trading Representative.

The effective date for the previously announced restriction on transferring in of US-traded securities that are priced less than 50 cents per share (USD) has been postponed.

More updates may follow when the effective date of the restriction is confirmed.

If you have further questions or need assistance, you may reach out to your Trading Representative.

With effect from 13 July 2023, there is a reduction of the stamp duty rate for the trading of listed shares on Bursa Malaysia from 0.15% to 0.10%. The stamp duty cap is maintained at RM1,000 for each contract.

For more details, you may refer to the Bursa Malaysia webpage.

HKEX will be launching HKD-RMB Dual Counter Model on 19 June 2023.

OCBC Securities will be allowing trading in designated HKD-RMB Dual Counter Securities but inter-counter trading and settlement will not be supported.  

For more details, you may refer to the HKEX webpage.

If you have further questions or need assistance, you may reach out to your Trading Representative.

Please be informed that with effect from 12 June 2023, IDX will be implementing a Hybrid Call Auction for securities listed under Special Monitoring as part of an ongoing initiative to increase investor protection.

Kindly refer to pan-asia-pacific (iocbc.com) for more details.

If you have further questions or need assistance, you may reach out to your Trading Representative.

Look out – especially if you have an Android device.

New variants of Android malware (‘malicious software’) allow scammers to control your device remotely or steal sensitive information like login credentials or card details. This means that scammers can log in to your account and make fraudulent transactions or transfers without your knowledge.

Android malware may be found in apps available in the Google Play Store. They could also be disguised as ‘helpful apps’ in Android Package Kit (APK) files that you may be tricked into downloading. By downloading them or giving access to certain functions, you may unwittingly allow scammers to take control of your device.

The Police and the Cyber Security Agency of Singapore have released an advisory on malware. Read more.

Here is how you can protect yourself against malware:

If you believe you have fallen prey to such scams, please call our OCBC Securities’ hotline immediately at 1800 338 8688 (or +65 6338 8688 if you are overseas) – press option 9 to report fraud.

As scams constantly evolve, please stay vigilant at all times.

This message contains links to third-party websites. By accessing any such websites, you agree to our terms of use.

Please be informed that between 29 to 30 May 2023, OCBC Securities will not be accepting SELL orders for Shanghai-A and Shenzhen-A markets due to migration activities. BUY orders will not be affected.

If you have further questions or need assistance, you may reach out to your Trading Representative.

We apologise for any inconvenience caused.

As part of Singapore’s aim to go cheque-free by 2025 and SGX’s ongoing sustainability drive to go paperless and cheque-free, we too are aligning with this goal progressively. We have gone cheque-free for corporate action transactions and cash distributions in August 2021. From 22 May 2023, we will be going cheque-free for all trade and contra transactions*.

If you have not previously provided us with instructions to deduct from or credit funds to your bank account via GIRO, EPS or telegraphic transfer, please do so by 22 May 2023.

If you do not set up any electronic payment arrangements, proceeds from sale or contra will be credited directly into your OCBC Securities trading account from 22 May 2023 onwards. You can withdraw the funds from your trading account by contacting your Trading Representative.

For more information on this initiative, please read our Frequently Asked Questions. Alternatively, you can reach out to your Trading Representative, or contact us at cs@ocbcsec.com.

Not sure who your Trading Representative is? Follow these three simple steps to find out.

1. Log in to your iOCBC online trading account
2. Select “More” and "Account Details" to view your TR's contact details
3. Select “Account Details” to view your TR’s contact details

Further to our earlier notices on the new 10% US Withholding Tax to be imposed on PTP interest, please be informed that due to the complexity of the withholding tax under Internal Revenue Code (IRC) Section 1446(f):

(a) with effect from 27 December 2022, OCBC Securities will cease to accept all Buy orders and transfer-in requests for US PTP securities;* and

(b) with effect from 1 January 2023, OCBC Securities will also cease to accept Sell orders.*  

We urge you to review your current holdings with us.

If you are a non-US resident who holds any PTP securities in your portfolio, consider taking any action you deem fit before 1 January 2023. Clients with existing positions in the PTP securities can still continue to hold or transfer-out the positions to other brokers (fees and charges applies).

Do note that this list may change from time to time without prior notice and we are not responsible for the timeliness, accuracy, and completeness.

Scammers are now sending phishing SMSes to obtain your Singpass login credentials.

If you click on the links in such SMSes, you will be taken to a spoofed Singpass login page and asked to key in your Singpass ID and password.

Thereafter, you may be directed to a spoofed login page and prompted to enter your credentials and One-Time Password (OTP). The scammers will then use these to fraudulently apply for credit cards or open banking or trading accounts.

Please take heed when asked for your Singpass login credentials. Do not let your guard down.

There are scammers on social media platforms such as WeChat perpetuating “pump and dump” scams involving overseas listed companies. Be wary of stock tips provided by persons you have befriended online.

Visit www.police.gov.sg to find out more.

In 2021, the largest amount lost in a single impersonation scam was $6.2 million. Do not be the next victim. 

Here are some tell-tale signs that scammers are on the prowl: