Help & Support

Fees, Payments and Settlements - General

  • Commission and charges

    Trading commission
    View all commission and charges


    Custodian fees 
    The custodian fees for foreign securities are as follows:

    Foreign custodian fees S$2 per counter (per month)
    Fee exemption If clients make at least 2 transactions per month for that particular month
    If clients make at least 6 transactions per quarter for the entire quarter
    If the foreign security is delisted at the point when our company is computing the fees
    Mode of billing Invoiced quarterly in arrears subject to a maximum of S$200 per quarter
    Mode of payment For client with GIRO facilities with OCBC Securities, the fees will be debited from client’s designated Bank account anytime during the first week of new quarter.
    For client with sales proceeds, contra gains, dividends payable, or trust account balances, the fees will be automatically deducted from these amounts once they are due.
    Alternatively, you may make payment via EPS.


    Handling fees

    SGX and Foreign securities held with OCBC Securities are subject to the following handling fees:
    Mandatory Events
    S/N Type  Handling Fee
    1 Cash Dividend 1% on net dividend (min S$3, max S$50)
    9% GST or equivalent depending on payment currency
    2 Coupon (Fixed Income Coupon) S$10.90 (inclusive of GST) or equivalent depending on payment currency
    3 Capital Distribution
    4 Redemption
    Mandatory with Options Events
    5 Dividend with Option S$10.90 (inclusive of GST) or equivalent depending on payment currency
    6 Dividend with Stock Reinvestment
    7 Dividend with Currency Option
    Voluntary Events
    8 Cash/ Tender/ Takeover Offer  S$10.90 (inclusive of GST) or equivalent depending on payment currency
    9 Rights Exercise
    10 Expiry of Warrants
    11 Warrants Exercise Processing

    Cash dividend handling fees for shares custodised under Share Financing Accounts are waived for all markets.
  • Settlement due date of all markets

    For Singapore and Malaysia markets, buy positions have to be paid or sold off (contra) latest by the due date, failing which the company shall at its discretion force-sell the unpaid purchases. 

    You should not sell any unpaid purchases after the due date. If you are selling of your outstanding purchases after the due date results in a short position that is bought in by stock exchange authorities, any losses arising will be debited to your account.

    Regional bourses                                                              Due date
    Singapore Trade date + 2 market days
    Malaysia Trade date + 2 market days
    Hong Kong Trade date + 2 market days
    Thailand Trade date + 2 market days
    Philippines Trade date + 2 market days
    Indonesia  Trade date + 2 market days
    United States Trade date + 1 market day
    United Kingdom  Trade date + 2 market days
    China B Trade date + 3 market days
    Japan Trade date + 2 market days
    Australia Trade date + 2 market days
  • Payment Modes

    1. GIRO Service If your trading account is linked to your designated Bank account under GIRO service, your purchases / contra losses / sale proceed / contra gains will automatically be deducted / credited to your account on due date* + 1 market day or one market day after the contra date, in SGD. Kindly ensure that your bank account has sufficient funds for the GIRO deduction.
    Available bank : OCBC, DBS/POSB and UOB
    2. PayNow You can now perform instant fund deposit using PayNow to your iOCBC Trading Account's Trust from your bank account anytime, anywhere. This is applicable where the debiting account is a bank account with PayNow services.

    Follow these simple steps to deposit funds using PayNow into your iOCBC Trading Account from your bank account.



    PayNow via iOCBC Mobile Trading Platform:

    1. Upon login, go to Menu and select Deposit Funds.
    2. Click on PayNow, input deposit details and Generate QR. Please transfer from a bank account under your name.
    3. Tap on the QR code to save it to your photos.
    4. Once saved, log in to your preferred banking app and open the Scan & Pay function.
    5. Import the QR code from your photo library, confirm the amount and recipient name in your banking app, then submit.
    6. You will be notified when the transaction is successful.
    7. Confirm that amount is correctly reflected in your Trust Ledger within 15 minutes after transfer. Otherwise please contact us at 1800 338 8688.


    PayNow via iOCBC Online Trading Platform (Web):

    1. Upon login, go to Payments & Ledgers on Menu and select Deposit Funds.
    2. Input deposit details and Generate QR. Please transfer from a bank account under your name.
    3. Check your deposit details, proceed with the Scan & Pay function on your preferred banking app.
    4. Confirm the amount and recipient name in your banking app, then submit.
    5. You will be notified when the transaction is successful.
    6. Confirm that amount is correctly reflected in your Trust Ledger within 15 minutes after transfer. Otherwise, please contact us at 1800 338 8688.


    Note: No third-party transfer is allowed for fund deposit using PayNow.

    3. Electronic Payment for Shares (EPS) If your trading account is linked to Electronic Payment for Shares (EPS) service, you can pay for purchases and contra losses via EPS service at any ATM or phone banking or internet banking services made available by your bank.
    Available banks : OCBC, DBS/POSB, UOB
    EPS should be made latest by the due date* before 9pm so that we will receive your payment by the next market day.
    4. Internet bill payment Payment for your shares can be made via internet bill payment by registering OCBC Securities as a payee with OCBC Bank.
    Step 1: Add “OCBC Securities Pte Ltd” as a payee
    Step 2: Select payment "By Account" (there will be no payment limit)
    Step 3: Indicate your OCBC Securities trading account number under "Bill Reference" field (exclude all symbols, hyphens and spaces, e.g. 0123456)
    Kindly make your payment latest before 9pm on the due date* (Singapore time) to ensure payment is received on the next working day.
    5. Telegraphic transfer Payment may be made via telegraphic transfer. Your trading account number and contract number should be indicated as reference. Please note that a telegraphic transfer will require 1-2 working days. Here are the details for telegraphic transfers in various currencies. For other currencies not found in the list below, please contact your Trading Representative for more information.

    If you are using OCBC Digital Banking, you can refer here for a guide on how to transfer funds in SGD, USD, HKD and AUD.


    SGD

    Beneficiary Bank: OCBC Bank – Singapore [Swift: OCBCSGSGXXX]

    Beneficiary Name: OCBC Securities Private Limited

    Beneficiary account number: 501-105662-001

     

    USD

    Intermediary Bank: JP Morgan Chase Bank, New York [Swift: CHASUS33]

    Beneficiary Bank: OCBC Singapore [Swift: OCBCSGSG]

    Beneficiary Name: OCBC Securities Private Limited

    Beneficiary account number: 501-017214201-USD

     

    HKD

    Intermediary Bank: OCBC BANK (HONG KONG) LIMITED [Swift: WIHBHKHH]

    Beneficiary Bank: OCBC Singapore [Swift: OCBCSGSG]

    Beneficiary Name: OCBC Securities Private Limited

    Beneficiary Account No: 501-017214201-HKD

     

    MYR

    Beneficiary Bank: OCBC Al-Amin Bank Berhad [Swift: OABBMYKL]

    Beneficiary Name: OCBC Securities Private Limited

    Beneficiary account number: 101-105696-5

     

    AUD

    Intermediary Bank: National Australia Bank Limited [Swift: NATAAU33033]

    Beneficiary Bank: OCBC Singapore [Swift: OCBCSGSG]

    Beneficiary Name: OCBC Securities Private Limited

    Beneficiary account number: 501-017214201-AUD



    Please notify your Trading Representative of the details immediately upon execution of the telegraphic transfer.

    Note:

    (a) For your trading convenience, we strongly encourage you to arrange for Electronic Payment for Shares or Interbank GIRO.

    (b) To avoid any failed trades, investors are strongly encouraged to buy and sell through the same brokerage company and under the same trading account number.

    (c) Investors who buy shares through a broker at Company A and immediately sell the shares through another broker at Company B must make advance payment to Company A on Trade date before 8pm via EPS or internet bill payment so that the shares can be settled in time for delivery on trade date + 2 market days (before 1.30pm).

    (d) For cashier's orders, an administrative fee is generally applicable by the issuing bank.

    (e)  For payment of other currencies, please contact your trading representative for more information.

  • Cheque-Free Initiative 2023

    When will OCBC Securities Pte Ltd (OSPL) go Cheque-Free?
    From 22 May 2023, OSPL will be going cheque-free and only accept electronic payment for all transactions except for transactions using margin and share borrowing accounts. OSPL will continue to accept cheques for margin and share borrowing accounts until further notice.

    What is the impact to me as I am currently receiving cheques for my transactions with OSPL?
    All payments will be credited to your trading account if you do not have any digital payment mode linked to your OSPL trading account. To receive payment directly into your bank account, please set up a digital payment mode immediately.

    What are the available digital payment modes to receive my payments from OSPL?

    Currency Payment Mode
    For SGD
    1. GIRO; or
    2. Electronic Payment for Shares; or
    3. Telegraphic Transfer*
    For foreign currencies Telegraphic Transfer*

    * Please note that bank charges are to be borne by payee.

    How do I make payments for my trades, contra losses and handling fees owing to OSPL?

    For SGD:

    GIRO
    If you have set up GIRO, payments in SGD currency will be deducted from your designated bank account for a hassle-free experience.

    Other digital payment modes
    If you do not set up GIRO, you would need to make payment via other digital modes for every transaction which require payment to OSPL. The payment modes include EPS, Telegraphic Transfer, PayNow, and Internet Bill Payment. You can refer to more details on the different digital payment modes by accessing https://www.iocbc.com/help-and-support/fees-general.page#payment-modes.

    Please notify your Trading Representative of the payment details immediately upon execution of each transaction to confirm your payment made has indeed been received by OSPL.


    For foreign currencies:
    Please pay via Telegraphic Transfer for transactions in currencies other than SGD. Please notify your Trading Representative of the details immediately upon execution of each transaction to confirm your payment made has indeed been received by OSPL.

    How do I set up a GIRO, EPS or Telegraphic Transfer arrangement?

    1. GIRO

    (i) To set up GIRO payment arrangement with OCBC Bank if you have OCBC Internet/Mobile Banking:


    For OCBC Internet/ Mobile Banking users*:
    OCBC Internet:
    1. Login to online banking.
    2. Enter your access code, PIN and one-time password.
    3. Scroll over “Payments & Transfers” and select “GIRO services” follow by “Set up”.
    4. Select your debiting account and input 7-digit OCBC Securities Trading Account Number with the OCBC Securities Pte Ltd as the organisation and follow the rest of the form and submit.

    OCBC Mobile Banking*:
    1. Login to mobile banking.
    2. Tap on the menu bar on the top left of the screen.
    3. Tap on “Pay”.
    4. Select “GIRO services”.
    5. Select “Set up GIRO payment”.
    6. Select OCBC Securities Pte Ltd as the organisation and input 7-digit OCBC Securities Trading Account Number and follow the mobile banking instructions to submit.

    *Upon successful application, you will receive a letter from us within 14 days.


    (ii) To set up GIRO payment arrangement for non-OCBC Internet/ Mobile Banking users or with another bank:


    Complete the form and mail it to the address provided in the form. Upon successful application, you will receive a letter from us within 21 working days.


    2. EPS

    Please complete this form and mail it to the address provided in the form.


    3. Telegraphic Transfer

    Please complete this form and mail it to the address provided in the form.


    What happens if I do not set up any GIRO, EPS or Telegraphic Transfer arrangements?
    Any monies due to you will to be credited into your trading account.

    For payments due to you which is denominated in Malaysian Ringgit (MYR), please note that payment will be converted to SGD using prevailing foreign exchange rate before crediting to your trading account if you are not eligible to receive MYR in your trading account (i.e. trust account).


    How do I withdraw funds that have been credited into my trading account?
    You can contact your Trading Representative to request for a fund withdrawal.


    How do I know that monies been deducted from or credited into my trading account?
    You can view the details in your monthly statement which is you can view or download via iOCBC online trading platform at your convenience.

  • Settlement of CPF/ SRS Trades

    Not all counters can be settled using CPF/SRS payment mode
    You are advised to check with your CPF/SRS agent bank to confirm whether a stock can be traded with CPF/SRS. If a stock is not included under CPF/SRS but you have selected the payment mode as CPF/SRS, the trade will be rejected or converted to cash settlement.


    No contra is allowed for trades executed via CPF/SRS payment mode
    You are not allowed to buy and sell the same stock on the same day unless you have sufficient shares in your CPF/SRS account to deliver for the sell trade. If you buy and sell different stocks on the same day, the proceeds for your sale will not come in in time for settlement of your purchase.


    Conditions that trades executed via CPF/SRS trades will be settled as Cash Trade
    1. In the event there is insufficient funds in your CPF/SRS account when performing buy trades, or in the event your CPF/SRS agent bank rejects your buy trades for whatever reason, then OSPL may in its sole discretion, without further consent required from you and without prior notice to you, convert and/or amend your buy trades to ordinary cash trade.

    2. In the event there is insufficient shares in your CPF/SRS account when performing sell trades, or in the event your CPF/SRS rejects your sell trades for whatever reason, then OSPL may in its sole discretion, without further consent required from you and without prior notice to you, convert any CPF/SRS trade to cash trade.

    If you sell shares that were previously bought from your CPF/SRS account using cash, the shares will be debited from your CDP securities account on settlement date. If you have insufficient shares in your CDP securities account, a “buy-in” will be conducted by SGX on settlement date to cover the “short-sell” position.


    Cut-off time to change the payment mode
    To convert payment mode from Cash to CPF/SRS or vice versa, please approach your Trading Representative before 5.30pm on Trade day. No change is allowed after Trade day.

  • Foreign exchange rates for trades

    Indicative FX rate can be seen at the order ticket while placing an order when settlement currency is set to SGD. If you have chosen to settle your trades in one of the currencies listed in Board Rates, the rates will be applied in accordance to the timing of the fulfilled trades.

    If the indicative FX rate is unavailable, the exchange rates will be quoted to you in the contract note

  • Contra gain payment

    Contra will apply automatically to your BUY contract so long as the applicable criteria are met.

    Please note that you will need to inform your TR if you do not wish for contra to apply to your BUY contract, as this option is not available in the iOCBC website and the mobile app platform.

    Should contra not apply to your BUY contract and you wish to:

    Place a SELL contract for the same securities - you will have to ensure that there are sufficient securities in the “Free” balance of your CDP account by 1.30pm of the SELL contract Settlement Date  to satisfy your SELL contract securities
    Sell the BUY contract securities – you will first need to make payment for your non-contra BUY contract. Incoming Telegraphic Transfer/ Paynow payments must be received by OSPL by 1.30pm of Trade date +2, and EPS payments must be made by 8 pm of Trade date. GIRO payments are not allowed for non-contra BUY contracts



    Interbank GIRO
    Money will be credited to your bank account on contra statement date* + 1 market day.



    Electronic Payment for Shares (EPS)

    Money will credited to your bank account on contra statement date + 2 Market day


  • Terms and Conditions Relating to Interbank Giro

  • Terms and Conditions Governing Electronic Payment for Shares

  • Withdrawing your trust account balance

    To withdraw your trust account balance, please contact your Trading Representative.