PhillipCapital Information Brochure Global Equities

Transcription

1 PhillipCapital Information Brochure Global Equities

2 Table of Contents Global Equities: Australia (ASX) 3 Global Equities: United States (NYSE, NASDAQ, AMEX) 4-12 Global Equities: Canada (TSX) 13 Global Equities: United Kingdom (LSE) 14 Global Equities: Europe (EU) Global Equities: Singapore (SGX) 18 Global Equities: Malaysia (Bursa) Global Equities: Japan (TSE) 21 Global Equities: Hong Kong (HKEx) Global Equities: China A Share (SSE) Global Equities: China B Share (SSE, SZSE) 27 Global Equities: Indonesia (IDX) Global Equities: Philippines (PHX) Global Equities: South Korea (KRX) 32 Global Equities: Sri Lanka (CSE) Global Equities: Taiwan (TWSE) 35 Global Equities: Thailand (SET) Global Equities: Turkey (ISE) Disclaimer 40

3 Global Equities: Australia Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Trading Mode Order Placement 1. Online via POEMS or 2. Offline via Your Adviser Trading Trading Lot Price Quote 1 Share Online via POEMS (delayed by 20 mins) Exchange ASX Minimum Bid Size Share Price (AUD) Minimum Bid Size (AUD) < Trading Hours Australia Time (Mon - Fri) Singapore Time (Mon - Fri) 10:00 am - 04:00 pm 08:00 am - 02:00 pm 07:00 am - 01:00 pm (during Daylight Saving Time) Note: Trading hours may be subject to change, please confirm with Settlement Settlement Date Settlement Currency Order Amalgamation Contra Trading CPF Settlement T+3 market days AUD or SGD No Holidays - Australia Please visit ASX Website for Trading Calendar Additional Details (Market-Specific) Corporate Actions Bonus Shares/Rights Issues Investors should take note that they may or may not be eligible for bonus shares and rights issues. Please contact supporttrading@phillipcapital.com.au for further details. Security Reference Number (SRN) Issuer sponsored holders are allocated a unique identification number - a SRN. Shares held in SRN accounts can be sold through us. Please provide a recent printout of your SRN shareholdings, so that we can verify your shareholdings before you place your order with us. Page 3

4 Global Equities: United States Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Exchange Fees Securities and Exchange Commission (SEC) Fee Other Charges / Exchange Fees Financial Transaction Tax (effective from 1 st December 2012)* American Depository Receipt (ADR) / Depository Receipt (DR) fee Trading Mode % (sell trades) (With effect from 27 th May 2013) % (sell trades) 0.2% (Buy orders only, applicable for French ADRs with market cap EUR 1 B) 0.12% (Buy orders only, applicable for Italian ADRs with market cap EUR 500 M) Varies for each counter * Applicable only for French / Italian ADRs with market capitalization of more than 1b Euros as of 31 st December Note: GST will be charged on commission. Commission and exchange fees are exclusive of GST and may be subject to change without prior notice. Fees for advisory services may differ and should be discussed with your Private Client Advisor. Custodian charges may apply. Order Placement 1. Online via POEMS or 2. Offline via Your Adviser or 3. Night Dealer (US Trading Hours) Trading Trading Lot 1 Share Live Price Online via POEMS (live price quote) Exchange NYSE, NASDAQ and AMEX Order Type Limit Order Minimum Tick Size Share Price (USD) Minimum Bid Size (USD) < Trading Hours Australia Time US (Eastern) Time 12:30 am - 07:00 am (AEST) 11:30 am - 06:00 am (during US Daylight Saving Time) 09:30 am - 04:00 pm Note: Orders will not be done during Pre-Opening and Pre-Closing as Phillip Securities does not provide extended trading hours. Orders for the next trading day will be accepted 15 minutes after current trading day market closes. Settlement Settlement Date Settlement Currency Order Amalgamation Contra Trading CPF Settlement T+3 market days AUD, USD or SGD No No Page 4

5 Global Equities: United States Holidays - United States For Trading Calendar, visit the Exchange Website Additional Details (Market-Specific) Account Opening W-8BEN Form Trading in US Markets via Phillip Securities is only available to non-us citizens / non-us residents. Customers have to sign and mail-in the W-8Ben Form before trading in the US market. Trading Matters Over The Counter Shares (OTC/OTCBB) Customers can contact the night dealing team at FREE FREE if they wish to sell their OTC shares. Phillip Securities does not allow customers to make new purchases of OTC shares. Charges for OTC trading will be the same as the broker assisted rate. American Depositary Receipt (ADR) An ADR is a stock that trades in the United States but represents a specified number of shares in a foreign corporation. ADR agents (banks and investment banks) purchase stocks on foreign exchanges and then sell receipts for these shares on American exchanges. ADR agents charge these ADR fees to compensate for inventorying the foreign stocks and managing all registration, compliance and record-keeping services. The ADR Fees varies for each counter and you will be billed according to the shareholdings for each ADR shares. Depositary Receipt (DR) A negotiable financial instrument issued by a bank to represent a foreign company s publicly traded securities. The depositary receipt trades on a local stock exchange (definition from Investopedia). Some examples of such DR include American Depository Receipt (ADR) that trades in the United States and Global Depository Receipt (GDR) that trades globally. DR agents (banks and investment banks) purchase stocks on foreign exchanges and then sell receipts for these shares on local exchanges (e.g. American exchange). DR agents charge these DR fees to compensate for inventorying the foreign stocks and managing all registration, compliance and record-keeping services. The DR fees varies for each counter and you will be billed according to the shareholdings for each DR shares. Page 5

6 Global Equities: United States US Stock Indices Customers can access the following US Stock Indices on POEMS, kindly go to Stocks > LP1 > NYSE and select Market Indices. Amex Composite Dow Jones Average 30 Industrial Dow Jones Average 15 utilities Dow Jones Average 20 transportation Fortiune 500 Index Fortune e-50 index Nasdaq Bank index Nasdaq Biotechnology index Nasdaq composite index Nasdaq computer index Nasdaq financial 100 index Nasdaq industrial index Nasdaq insurance index Nasdaq national market composite index Nasdaq national market industrial index Nasdaq other financial index Nasdaq telecommunication index Nasdaq 100 index NYSE composite index Russell 3000 GROWTH index Russell 3000 VALUE index S&P 100 index S&P 500 index S&P madcap 400 index Wilshire 5000 equity index Acceptance of Online Terms and Conditions for NYSE, NASDAQ, AMEX NYSE-AMEX Data Agreement. NASDAQ Subscriber Agreement. Online Trades Phone Trades Courier Fee SGD (inclusive of GST) Foreign Broker Transfer Fee SGD Handling Fee SGD (inclusive of GST) Foreign Broker Legal Transfer Fee (if any) USD Page 6

7 Global Equities: United States Trade Control Rules As electronic systems become increasingly prevalent, US stock exchanges and self regulatory organizations (SROs) are implementing policies that will address the problem of clearly erroneous trades defined as trades resulting from a market participant placing a transaction or a series of transactions that adversely affect the market price of a security. Please note that with effect from 2 nd May Our US counterparty will be implementing new trading rules control check on all orders being routed to their order management system. The new control rules will check order size relative to a percentage of the stock s 30 days average daily volume (ADV) - Rule 612 Check the price of the order relative to a percentage parameter against the National Best Bid/Best Offer (NBBO) quote during core trading session Rule 614 Initiate a Reject outcome should the above rules be breached. Should your US orders submitted through our online systems fail to pass the new control rules check, the orders will be rejected automatically by the system and error messages will be updated in the order status as below: 1. Rule Order Size Exceed 30 Days Average Daily Vol Check. Order size for US trades exceeding the stock s 30 days average daily volume will be rejected by the system. 2. Rule Limit Order exceeding the Prevailing Quote Deviation by more than 8% During Market Hour. Buy orders above the prevailing Ask price by > 8% and sell orders below the prevailing Buy price by 8% will be rejected by the system. Physical Share Certificates We will not accept the following share certificates: Restricted share certificates. For this type of share certificates, there will be a RESTRICTED SHARES stamped on the front of the share certificates. We will not accept certificates for shares listed on OTC and OTCBB. This is because currently, our US custodian does not support online trading for the OTC and OTCBB. We will only accept share certificate(s) for counters that are traded on NYSE, NASDAQ and AMEX. Note: Please note that clients are required to buy back their shares to cover the sale position if the physical shares deposited are subsequently found to be not good for deposition. Trade Control Rules Professional or Non-Professional Investor How do I know if I am a Professional or a Non-Professional investor? You are a PROFESSIONAL if you meet any one of the following criteria for the entire term of your subscription and you must sign further agreements as well as are subject to the appropriate additional Exchange fee structure: You are subscribing on behalf of a firm, corporation, partnership, trust or association. You use the information in connection with any trade or business activities and not for personal investment. You plan to furnish the information to any other person(s). You are a securities broker-dealer, registered representative, investment advisor, investment banker, futures commission merchant, commodities introducing broker or commodity trading advisor, money manager, member of the Securities Exchange or Association or Futures Contract market, or any owner, partner or associated person of the foregoing. You are employed by a bank or an insurance company or an affiliate of either to perform functions related to securities or commodity futures investment or trading activity. You are a NON-PROFESSIONAL investor if you do not meet any one of the criteria outlined above. Note: Please note that the subscriber assumes all liability declaring status as a professional or non-professional and will be held accountable for all applicable penalties and / or the Exchange fees if declaration is incorrect. There shall be no refund of the unused portion should you wish to terminate the services prior to the expiry date. Page 7

8 Global Equities: United States Exchange Agreements Which Exchanges require Agreements? The following Exchanges require Exchange Subscriber Agreements: AMEX - American Stock Exchange NASDAQ - The NASDAQ Stock Market NYSE - New York Stock Exchange What is the purpose of the Exchange Subscriber Agreements? The various Exchanges have each developed an Exchange Subscriber Agreement to ensure that clients understand and agree to the terms of retrieval and use of real-time market data. What is real-time market data? For the purposes of the Exchange Subscriber Agreements, real-time market data means last sale information for securities listed on the respective Exchanges including quotations, volumes, highs and lows and all other information that is derived from the last sale information, during exchange market hours of operation. Phillip Securities Pte Ltd and the Data Providers do not warrant or make any representations or claims concerning the validity, accuracy and timeliness or otherwise of the information provided herein, nor shall Phillip Securities Pte Ltd or the Data Providers (NYSE, AMEX and NASDAQ) shall be liable or responsible for any claim or damage, direct or consequential, arising out of the use, interpretation or other implementation of said Information. What happens if I do not accept the Exchange Subscriber Agreement? If you decide not to accept a particular Exchange Subscriber Agreement, you will not have access to real-time market data (e.g. quotes) for the Exchanges or the delayed PRICE. To accept the agreement, please login to POEMS > Stocks > PRICE / LP1 / LP2 > auto message will be prompted. If you have already accepted the agreement before, you should not see this message again. Page 8

9 Global Equities: United States What if I have questions or concerns about certain clauses in the Agreements and where can I go for help? Help is available through each of the Exchanges: AMEX (American Stock Exchange) marketdataproducts@amex.com NASDAQ (NASDAQ Stock Market) mktdatasvc@nasdaq.com NYSE (New York Stock Exchange) mds@nysedata.com Do I have to accept all of the Exchange Subscriber Agreements or can I accept only those for the Exchange(s) from which I wish to have access to real-time market data?, you are required to accept ALL the agreements. I do not have time to review and accept these Agreements now. Will this prevent me from trading? Without accepting these Agreements, you can continue to place orders via TRADE page. To view real-time prices, you have to accept the Agreements and subscribe to the service accordingly. Do the Exchange Subscriber Agreements for NASDAQ, NYSE and AMEX apply only to users in the United States? No. It does not matter where you live. To have access to real-time market data and quotes from NASDAQ, NYSE and AMEX, you must accept the appropriate Exchange Subscriber Agreement(s). Page 9

10 Global Equities: United States Subscription Why do I need to subscribe to the US Live prices? The U.S. Realtime equity information provided in the POEMS is subject to important restrictions imposed by the exchange on real-time data: Display Restrictions. Real-time equity information from U.S. exchanges require execution of a subscriber agreement for each end-user accessing the information. It is therefore, forbidden to display this information on a public website accessible by all. If I do not subscribe to the US Live Prices, can I continue to trade in US market using POEMS platform?, you can submit orders via Trade / PRICE page (provided that you have accepted the Exchange Subscriber Agreement). Non-Professional User How do I subscribe to the US Real Time Data? Enjoy free US Live price for Non-Professional Users until 31 st December Login to POEMS. Select Reward > New Reward Subscriptions. Choose NYSE Live Price Subscription, AMEX Live Price Subscription or NASDAQ Live Price Subscription [Non- Professional Only]. Click Submit and input your POEMS password to proceed with the subscription. Step 1 Login to and select Stocks > Reward > New Reward Subscriptions. Step 2 Choose NYSE Live Price Subscription, AMEX Live Price Subscription or NASDAQ Live Price Subscription [Non-Professional Only]. Step 3 Tick the box beside the 0 points followed by Submit New and input your password for confirmation. Terms and Conditions: 1. The promotion is applicable to new and existing clients of Phillip Securities Pte Ltd (PSPL). 2. This promotion is open to individuals who qualify as non-professional as defined in the FAQ on this page. 3. Subscribers must subscribe and agree to the agreements set out in the subscription page to enjoy this promotion. 4. A subscriber, who falsely declare to be Non-Professional but is a Professional, will be held accountable for all applicable penalties and / or Exchange fees. 5. PSPL staff and agents, and PSPL cross-border clients are not eligible for this promotion. 6. PSPL account application Terms and Conditions apply. 7. The management reserves the right to make changes to the Terms and Conditions of this promotion without prior notice. When will my US Live Prices be activated? Kindly take note that the subscription will be activated on the next calendar day after your subscription. You can login to Reward > Renew or Check Rewards Subscriptions to check activation date. Can I cancel my subscription? Redemption of Reward Points must be done though online redemption system on POEMS and once effected, is final. No cancellation or amendments will be entertained. Page 10

11 Global Equities: United States Professional User What is the charge for real-time market data for Professional investors? Professional investor package [1-months subscription fee] = S$200 (excl. GST). You may subscribe in periods of 1, 3 or 6 months. Please note that the subscriber assumes all liability, declaring status as a professional or non-professional and will be held accountable for all applicable penalties and / or the Exchange fees if declaration is incorrect. There shall be no refund of the unused portion should you wish to terminate the services prior to the expiry date. What is the application procedure for Professional users? Professional users subscribing to the NASDAQ, AMEX and NYSE real-time market data need to submit the relevant exchange agreements to Phillip Securities ( PSPL ) to seek exchange approval before real-time market data can be granted to the Professional user. The agreement should be completed by the person(s) that are authorised (as per Board resolution) to execute contracts on behalf of the company and be completed using the full legal name of the entity. For AMEX or NYSE real-time data, Professional users (the company) are required to submit the attached NYSE_AMEX Pro Subscriber Agreement. Please be informed that NYSE will invoice the company directly for the subscription fees and charges. Should the Professional user wish to make payment to PSPL instead of NYSE, please submit the attached Third Party Addendum. For NASDAQ real-time data, the Professional user is required to submit the attached NASDAQ Subscriber Agreement. Kindly fill-in the NYSE / AMEX Agreement Form, NASDAQ Agreement Forms, Third Party Addendum Form and mail to: POEMS Marketing 251 North Bridge Road #06-00 Raffles City Tower Singapore Professional users are required to submit the application only once. When will my US Live Price subscription be activated? Kindly take note that the subscription will not be activated immediately as we need the exchanges approval before activating the Live Prices. Can I submit redemption using POEMS Reward Program?, Professional users can redeem via POEMS Reward Program. However, kindly take note that the redemption status will be reflected as Request-In-Progress. The Professional user will be require to make payment at our cashier and submit the Declaration Form in order to activate the US Live Prices. Please note that this will be subjected to the exchange approval. Accessing US Live Price How do I get access to the US market Live Price? Please log in to POEMS > Stocks > LP1 / LP2. If you do not wish to subscribe to the above US Live Price Subscription, live streaming prices will not be available to you. However, POEMS will still display and provide you with 15 to 30 mins delayed prices. Why after subscribing to the US Live prices I am still unable to trade in the US market? Please kindly be informed that in order to trade in the US market, you will need to submit the W8-BEN Form to activate the US trading facility. Page 11

12 Global Equities: United States Would this change affect my submission of order? No, there is no change in the order submission process. If I used a delayed PRICE page to submit my order, will my order be delayed by 15 minutes in the confirmation of order executed? No, there is no change in the order execution process. FAQs How do I settle my US trade in a foreign currency (other than SGD)? For clients who wish to settle in foreign currency (other than SGD), please ensure that your multi-currency facility application has been submitted to PSPL for approval and activation. Failing which, the contract will be settled in SGD which is subject to foreign exchange conversion risk. To opt-in for multi-currency facilities, you can login into POEMS > Acct Mgt > Online Forms under Currency Conversion or contact your Trading Representatives for further assistance. Please note that latest time for opt-in into multi-currency facilities if a trade is already done is by Due Date before 2.00 pm (Singapore Time). Why is my Buy / Sell order not done when it exceeds the day Low / High price? Our system participates in the trading of NYSE / AMEX / NASDAQ listed stocks during exchange trading hours. We do not participate in the US pre-open and pre-close trading sessions. The US price feed reflected in our POEMS System may include trades done during off-market trading as well as trades from other US exchanges. As such, the opening, high, low and last done prices for US stocks in our system may include trades that are not executed on NYSE / AMEX / NASDAQ. I placed an order on POEMS but my order was rejected and the following error message was displayed: 1. Error Message Order Size Exceeds 30 Days Average Daily Vol Check Order size for US trades exceeding the stock s 30 days average daily volume will be rejected by the system. 2. Error Message Limit Order Exceeding the Prevailing Quote Deviation by more than 8% during Market Hour Buy orders above the prevailing Ask price by > 8% and sell orders below the prevailing Buy price by > 8% will be rejected by the system. When will the W8-BEN Form expire? The W8-BEN form will remain in effect for a period of 3 years, starting from the date the form is signed and expiring on the last day of the 3 rd succeeding calendar year. It is mandatory for clients to renew this form before the last day of the 3 rd succeeding calendar year in order to continue to trade in the US market. Failing which, Phillip Securities Pte Ltd PSPL will cease to provide custodian services to your US portfolio. Can I trade US Counters through POEMS if I am a US Resident / US Citizen / Canadian Citizen? No. US Citizens or US Residents or Canadian Citizens are not allowed to trade in US Stocks through PSPL. Can I continue to trade in US markets if I subsequently become a US Resident / US Citizen / Canada Citizen / US Taxpayer? No. Once you are a US Resident / US Citizen / Canada Citizen / US Taxpayer, you will not be able to trade in US Stocks through PSPL and you are required to notify PSPL should there be any change of your citizen / residency status. Page 12

13 Global Equities: Canada Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Trading Mode Order Placement 1. Offline via Your Adviser or 2. Night Dealer (Canada Trading Hours) Trading Trading Lot Price Quote Exchange Order Type Traded Currency Minimum Bid Size 1 Share Offline via Your Adviser TSX, Venture Limit Order CAD None Trading Hours Australia Time Canada Time 12:30 pm - 07:00 am (AEST) 11:30 pm - 06:00 am (AEST, during Canada Daylight Saving Time) 09:30 am - 04:00 pm Settlement Settlement Date Settlement Currency Order Amalgamation Contra Trading CPF Settlement T+3 market days AUD, SGD, USD or CAD No No Holidays - Canada For Trading Calendar, visit the Exchange Website Page 13

14 Global Equities: United Kingdom Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Other Exchange Fees Stamp Duty Charge Trading Mode (Buy trades) UK stock on LSE: 0.5% stamp duty European stock on LSE: 1% stamp duty Panel and Takeover Merger ( PMT ) GBP 1 for any trade GBP 10,000 Note: GST will be charged on commission. Commission and exchange fees are exclusive of GST and may be subject to change without prior notice. Fees for advisory services may differ and should be discussed with your Private Client Advisor. Custodian charges may apply. Order Placement 1. Online via POEMS or 2. Offline via Your Adviser or 3. Night Dealer (during UK Trading Hours) Trading Trading Lot Price Quote Exchange Order Type 1 Share Online via POEMS (delayed by 15 mins) LSE Limit Order Note: GBP stands for pound; GBX stands for pence. Trading Hours Phillip Securities does not participate in extended hours trading (Pre-Opening and Pre-Closing). Australia Time (AEST Mon - Fri) UK Time (Mon - Fri) 05:00 pm - 01:30 am 06:00 pm - 02:30 am (during UK Daylight Saving Time) am pm Orders will not be done during Pre-Opening and Pre-Closing as Phillip Securities does not provide extended trading hours. Orders for the next trading day will be accepted 15 minutes after current trading market closes. Settlement Settlement Date Settlement Currency Order Amalgamation Contra Trading CPF Settlement T+3 market days AUD, SGD, USD or GBP No No Holidays - United Kingdom/LSE For Trading Calendar, visit the Exchange Website business-days/business-days.htm Page 14

15 Global Equities: Europe Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Other Exchange Fees Financial Transaction Tax (effective from 1 st August 2012)* * Applicable only for French counters. Trading Mode (Buy trades) Additional 0.2% on gross proceeds Note: GST will be charged on commission. Commission and exchange fees are exclusive of GST and may be subject to change without prior notice. Fees for advisory services may differ and should be discussed with your Private Client Advisor. Custodian charges may apply. Order Placement 1. Offline via Your Adviser or 2. Night Dealer (Europe Trading Hours) Trading Trading Lot Price Quote Exchange Order Type Traded Currency Minimum Bid Size 1 Share Offline via Your Adviser Frankfurt Stock Exchange, EuroNext Paris Limit Order EUR None Note: GBP stands for pound; GBX stands for pence. Trading Hours Phillip Securities does not participate in extended hours trading (Pre-Opening and Pre-Closing). Australia Time (Mon - Fri) Europe Time (Mon - Fri) 06:00 pm - 02:30 am (AEST) 05:00 pm - 01:30 am (during Europe Daylight Saving Time) am pm Settlement Settlement Date Settlement Currency Order Amalgamation Contra Trading CPF Settlement T+3 market days T+2 market days (Germany shares) AUD, EUR or SGD No No Holidays For Trading Calendar, visit the Exchange Website Page 15

16 Global Equities: Europe FAQs What are the European markets available for trading? Clients can trade in the shares listed on the major European markets, i.e. Frankfurt Stock Exchange (Germany) EuroNext Paris (France), etc. How do I place my European trades? Clients can only place orders for the European trades by calling their Trading Representatives or the Global Markets Night Dealing FREE FREE. How do I check the status of my orders? Clients can check their order status by calling the Global Markets Night Dealing desk during the European trading hours or alternatively, contact their respective Trading Representatives on the following day to check on their order status. How do I withdraw my orders? Clients can withdraw their European orders by calling the Global Markets Night Dealing desk or their Trading Representatives. What is the validity period for my European orders? All orders are only valid for one trading day. Orders that are not executed will be cancelled at the end of each trading day. Will I be able to amalgamate my European trades? No. Shares traded on the European markets are NOT amalgamated. Daylight Saving for the European markets:- Daylight Saving starts on the last Sunday of March and ends on the last Sunday of October: Australia Time Europe Time 03:00pm - 11:30pm (during Daylight Saving Time) 04:00pm - 12:30am (during Non-Daylight Saving Time) 09:00am - 05:30pm When will clients shares purchased be due for delivery? All shares purchased will be due for delivery on Transaction + 3 market days (i.e. T+3). For example, if you buy a share on Monday, then the due date for your contract is on Thursday. Please note, should the due date coincide with a Singapore public holiday - the new due date will be the market day before the public holiday. Page 16

17 Global Equities: Europe What is the settlement currency for clients purchases on European Trading? Clients can choose to settle their trades in EUR or SGD. For clients who wish to settle in EUR, please ensure that your multi-currency facility application has been submitted to PSPL for approval and activation. Failing which, the contract will be settled in SGD which is subject to foreign exchange conversion risk. To opt-in for multi-currency facilities, you can login into POEMS > Acct Mgt > Online Forms under Currency Conversion or contact your Trading Representatives for further assistance. Please note that latest time for opt-in into multi-currency facilities if a trade is already done is by Due Date before 2.00 pm (Singapore Time). When is the settlement due date for European Trading? Settlement due date for European trades is T+3 (T+2 for Germany shares). Can clients make a payment through EPS?, you can. The last day for EPS is on T+3 before 9.00 pm (Singapore Time). Can I use GIRO to settle for my purchases? Giro is only applicable for SGD settlement. For convenience, you may opt for GIRO payments through POSB or DBS bank when you make purchases in your ordinary Cash Trading accounts. GIRO is not applicable for Phillip Investment Custodian or Margin accounts. When will the sales proceeds be credited to my account for the shares sold? Sales proceeds will be credited into your account on Due Date + 1 market day (D+1). May I use CPF for the payment of my shares? No. Page 17

18 Global Equities: Singapore Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Trading Mode Order Placement 1. Online via POEMS or 2. Offline via Your Adviser Trading Trading Lot Price Quote From 1000 Shares/Lot Online via POEMS Default, Live Data, No charge Exchange SGX Minimum Tick Size Share Price (AUD) Minimum Tick Size (AUD) < Trading Hours Phillip Securities does not participate in extended hours trading (Pre-Opening and Pre-Closing). Australia Time (AEST Mon - Fri) Pre-open Session 10:30 am - 10:59 am Non-cancel Period 10:59 am - 11:00 am Trading Session 11:00 am - 07:00 pm Non-cancel Period 07:04 pm - 07:05 pm Close 07:06 pm Singapore Time (AEST Mon - Fri) Pre-open Session 08:30 am - 08:59 am Non-cancel Period 08:59 am - 09:00 am Trading Session 09:00 am - 05:00 pm Non-cancel Period 05:04 pm - 05:05 pm Close 05:06 pm Holidays - Singapore For Trading Calendar, visit the Exchange Website hours Page 18

19 Global Equities: Malaysia Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Exchange Fees Contract Stamp Foreign Fee Trading Mode 0.1% (rounded up to nearest dollar, max MYR 200 per contract) 0.03% (rounded up to nearest cent, max MYR 1,000 per contract) Note: GST will be charged on commission. Commission and exchange fees are exclusive of GST and may be subject to change without prior notice. Fees for advisory services may differ and should be discussed with your Private Client Advisor. Custodian charges may apply. Order Placement 1. Online via POEMS or 2. Offline via Your Adviser Trading Trading Lot 100 Shares Price Quote Online via POEMS Exchange Bursa Minimum Bid Size Share Price (Sen) Minimum Tick Size (Sen) < Trading Hours Australia Time (AEST) Trading Phase (Mon - Fri) Morning Session Afternoon Session Pre-opening 10:30 am - 11:00 am 04:00 pm - 04:30 pm Matching at Theoretical Opening Price 11:00 am 04:30 pm Continuous Trading 11:00 am - 02:30 pm 04:30 pm - 06:45 pm Pre-closing NA 06:45 pm - 06:50 pm Matching at Theoretical Closing Price NA 06:50 pm Trading at Last NA 06:50 pm - 07:00 pm (orders can only be placed at Last Done price) Page 19

20 Global Equities: Malaysia Malaysia Time Trading Phase (Mon - Fri) Morning Session Afternoon Session Pre-opening 08:30 am - 09:00 am 02:00 pm - 02:30 pm Matching at Theoretical Opening Price 09:00 am 02:30 pm Continuous Trading 09:00 am - 12:30 pm 02:30 pm - 04:45 pm Pre-closing NA 04:45 pm - 04:50 pm Matching at Theoretical Closing Price NA 04:50 pm Trading at Last NA 04:50 pm - 05:00 pm (orders can only be placed at Last Done price) Settlement Settlement Date Settlement Currency Order Amalgamation Contra Trading CPF Settlement T+3 market days AUD, MYR or SGD No Holidays - Malaysia For Trading Calendar, visit the Exchange Website Page 20

21 Global Equities: Japan Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Trading Mode Order Placement 1. Online via POEMS or 2. Offline via Your Adviser Trading Trading Lot Not Fixed Price Quote 20 minutes delayed Exchange TSE Minimum Bid Size Share Price (JPY) Minimum Tick Size (JPY) 3, , , , , , ,000,000 1,000 5,000,000 5,000 Trading Hours Australia Time (AEST Mon - Fri) Japan Time (AEST Mon - Fri) 10:00 am - 12:30 pm 01:30 pm - 04:00 pm 09:00 am - 11:30 am 12:30 pm - 03:00 pm Settlement Settlement Date Settlement Currency Order Amalgamation Contra Trading CPF Settlement T+3 market days AUD, JPY or SGD No Holidays - Japan For Trading Calendar, visit the Exchange Website Page 21

22 Global Equities: Hong Kong Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Other Foreign Fees Stamp Duty 0.1% (Round up to the nearest dollar) CCASS Fee 0.01% (Minimum HKD 3.00) Transaction Levy 0.003% Trading Fee 0.005% Note: GST will be charged on commission. Commission and exchange fees are exclusive of GST and may be subject to change without prior notice. Fees for advisory services may differ and should be discussed with your Private Client Advisor. Custodian charges may apply. Trading Mode Order Placement (Board Lots) Odd Lot Common order rejection messages 1. Online via POEMS or 2. Offline via Your Adviser Offline via Your Adviser Your orders may be rejected due to the following reasons: 1. Incorrect price spread (please refer to minimum bid size table). 2. Price range beyond 20 bids. 3. Order quantity exceeded 600 lots. 4. Trading limit exceeded. 5. Short sell. 6. Stock suspended. Trading Trading Lot Not Fixed Price Quote 20 minutes delayed To access live price quote, click on the counter. Live price subscription available. Exchange HKEx Minimum Bid Size Share Price (HKD) Minimum Tick Size (HKD) > > > > > > > , > 1, , > 2, , > 5, , Page 22

23 Global Equities: Hong Kong Trading Hours Australia Time (Mon - Fri AEST) Pre-opening 11:00 am - 11:30 am Morning Session 11:30 am - 02:00 pm Afternoon Session 03:00 pm - 06:00 pm HK/Singapore Time (Mon - Fri AEST) Pre-opening 09:00 am - 09:30 am Morning Session 09:30 am - 12:00 pm Afternoon Session 01:00 pm - 04:00 pm Settlement Settlement Date Settlement Currency Order Amalgamation Contra Trading CPF Settlement T+2 market days AUD, HKD or SGD No Holidays - Hong Kong For Trading Calendar, visit the Exchange Website Page 23

24 Global Equities: China A Share Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Other Foreign Fees Handline Fee % Securities Management Fee 0.002% Transfer Fee Stamp Duty Portfolio Fee 0.06% on face value per side 0.1% (Sell only) Daily stock portfolio value x 0.008% / 365 (Accrued daily and collected on a monthly basis in SGD equivalent, charged by Hong Kong Securities Clearing Company Limited) Note: Goods and Services Tax (GST) will be applied to commission charges. Commission and exchange fees may be subject to change without prior notice. Promotional rate ends on 31 st December Trading Mode Order Placement (Board Lots) Odd Lot Common order rejection messages 1. Online via POEMS or 2. Offline via Your Adviser 1. Online via POEMS or 2. Offline via Your Adviser Your orders may be rejected due to the following reasons: 1. Price range beyond ±10% of the last closed price. 2. Price range beyond ±5% of the last closed price (For stocks on the Risk Alert Board ). 3. Submitted Limit prices is beyond 3% of the prevailing Bid / Ask price. 4. Trading limit exceeded. 5. Short sell. 6. Stock suspended. 7. For Buy Orders Daily Quota Exceeded (Please check on HKex for real-time updates on Daily Quota Balance). Trading Trading Lot 100 Shares Price Quote 15 minutes delayed Exchange SSE Traded Currency RMB Minimum Bid Size RMB 0.01 Note: 1. You are not allowed to buy shares and subsequently sell them on the same trading day. Shares bought on T day can only be sold on T+1 onwards. 2. Buy orders must be in board lot; odd lot trading is only available for sell orders. Page 24

25 Global Equities: China A Share Trading Hours Australia Time China Time 11:30 am - 01:30 pm (AEST) 03:00 pm - 05:00 pm (AEST) 09:30 am - 11:30 am 01:00 pm - 03:00 pm Settlement Settlement Date Settlement Currency Order Amalgamation T+1 market day AUD Holidays - China For Trading Calendar, visit the Exchange Website or en/aboutszse/calendar/ FAQs I. General What is Shanghai-Hong Kong Stock Connect? Shanghai-Hong Kong Stock Connect is a joint project between the Shanghai Stock Exchange (SSE) and the Stock Exchange of Hong Kong Limited (SEHK). It allows investors to trade cross-border into specific stocks listed in the other s market. It also allows overseas investors and thus, Phillip Securities clients to trade China A shares in the SSE. Which China A shares can I trade? A shares that are: a. Index constituents of the SSE 180 Index, SSE 380 Index or b. Dual-listed on both SSE and HKEx The shares must also be denominated in RMB and not included in the Risk Alert Board. Investors will not be allowed to buy the share, but will only be allowed to sell it in the event a stock subsequently: Ceases to be a constituent stock, or is added to the Risk Alert Board, or its H Share ceases to trade on HKEx; Can I participate in the Initial Public Offerings (IPOs) in SSE through Shanghai-Hong Kong Stock Connect? No, IPOs are currently not supported by the scheme. Page 25

26 Global Equities: China A Share II. Trading Agreement Can investors do short selling, margin financing and stock borrowing and lending on SSE Securities? No. Overseas investors are not allowed to do naked short selling in China A shares listed in the SSE. They are not allowed to participate in the Mainland s margin trading and securities lending as well. Does the SSE price limit apply under Shanghai-Hong Kong Stock Connect?. For SSE Securities, there is a general price limit of a ±10% (and a ±5% for stocks under special treatment (i.e. ST and *ST stocks) in the risk alert board) based on previous closing price. All orders input for SSE Securities must be within the price limit. Any orders with price beyond the price limit will be rejected by SSE. The upper and lower price limit will remain the same intra-day. Note: ST stocks refers to: stocks that have been resumed from suspension for listing; or stocks that have been relisted; or stocks that have suffered from other significant risks. *ST stocks refers to stocks with the risks of being delisted. Are there any disclosure obligations for trading SSE-listed Shares?. Any investors holding or controlling shares more than 5% from the same issuer must disclose his interest within 3 working days. During which, the said investor cannot buy nor sell the shares until the interest is made known. Do I need to have a broker in HK? No, as you can trade through us, or simply call your preferred Phillip representative now. Page 26

27 Global Equities: China B Share Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Exchange Fees Shanghai Stock Exchange Shenzhen Stock Exchange Stamp Duty 0.1% (sell only) Levy 0.026% % Settlement Fee 0.05% 0.05% Administrative Fee 0.004% - Note: GST will be charged on commission. Commission and exchange fees are exclusive of GST and may be subject to change without prior notice. Fees for advisory services may differ and should be discussed with your Private Client Advisor. Custodian charges may apply. Trading Mode Order Placement Offline via Your Adviser Note: You are not allowed to sell the shares you bought on the same trading day, unless you have sufficient shares in your account to deliver for your sell order. If you have bought some shares today and do not have any shares in your account, you can only sell your shares on the next trading day. Trading Shanghai Stock Exchange Trading lot 100 Shares 1.00% Price Quote Offline via Your Adviser AUD 130 Exchange SSE SZSE Traded currency USD HKD Minimum bid size USD HKD 0.01 Shenzhen Stock Exchange Note: You are not allowed to sell the shares you buy on the same trading day. The earliest you can sell your shares is the next trading day. Trading Hours Australia Time China Time 11:30 am - 01:30 pm (AEST) 03:00 pm - 05:00 pm (AEST) 09:30 am - 11:30 am 01:00 pm - 03:00 pm Note: To participate in pre-opening, orders have to be entered before 9:00 am. Settlement Settlement Date Settlement Currency Order Amalgamation Contra Trading CPF Settlement T+3 market days AUD, USD (for SSE), HKD (for SZSE) or SGD No Holidays - China For Trading Calendar, visit the Exchange Website or en/aboutszse/calendar/ Page 27

28 Global Equities: Indonesia Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Other Foreign Fees VAT 0.013% Exchange Fee 0.03% Sales Tax (Sell Only) 0.1% Assurance Fund 0.01% Note: GST will be charged on commission. Commission and exchange fees are exclusive of GST and may be subject to change without prior notice. Fees for advisory services may differ and should be discussed with your Private Client Advisor. Custodian charges may apply. Trading Mode Order Placement 1. Online via POEMS or 2. Offline via Your Adviser Trading Trading Lot 500 Shares Price Quote Online via POEMS Exchange IDX Minimum Bid Size Share Price (IDR) Minimum Bid Size (IDR) Maximum Price Step (IDR) < , , , Settlement Settlement Date Settlement Currency Order Amalgamation Contra Trading CPF Settlement T+3 market days AUD or SGD No Page 28

29 Global Equities: Indonesia Trading Hours Trading Phase (Mon - Fri) Morning Session Afternoon Session Australia Time Pre-Opening Session* - Order Entry (no allocation) 11:45 am - 11:55 am - Pre-Opening Matching 11:55 am - 12:00 pm Trading Session (Mon - Thurs) 12:00 am - 03:00 pm 04:30 pm - 07:00 pm Trading Session (Fri) 12:00 pm - 02:30 pm 05:00 pm - 07:00 pm Pre-Closing Session - Order Entry (no allocation) 06:50 pm - 07:00 pm - Pre-Closing Matching 07:00 pm - 07:05 pm Post-Trading Session** Indonesia Pre-Opening Session* - Order Entry (no allocation) 08:45 am - 08:55 am - Pre-Opening Matching 08:55 am - 09:00 am * Only selected stocks are participating in the pre-opening session. ** For post-trading session, only closing price can be keyed in for new orders and amended for open orders. Note: To participate in pre-opening, orders have to be entered before 9:00 am. Holidays - Indonesia 07:05 pm - 07:15 pm Trading Session (Mon - Thurs) 09:00 am - 12:00 pm 01:30 pm - 04:00 pm Trading Session (Fri) 09:00 am - 11:30 pm 02:00 pm - 04:00 pm Pre-Closing Session - Order Entry (no allocation) 03:50 pm - 04:00 pm - Pre-Closing Matching 04:00 pm - 04:05 pm Post-Trading Session** 04:05 pm - 04:15 pm For Trading Calendar, visit the Exchange Website Page 29

30 Global Equities: Philippines Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Other Foreign Fees VAT* 0.03% (Minimum PHP 24) SCCP* 0.01% Stock Transaction Tax 0.5% (for SELL orders only) Note: GST will be charged on commission. Commission and exchange fees are exclusive of GST and may be subject to change without prior notice. Fees for advisory services may differ and should be discussed with your Private Client Advisor. Custodian charges may apply. * VAT: Value Added Tax. * SCCP: Securities Clearing Corporation of Philippines. Trading Mode Order Placement Offline via Your Adviser Trading Trading Lot Not Fixed Price Quote Offline via Your Adviser Exchange PSE Minimum Bid Size & Lot Size Market Price (PHP) Tick Size (PHP) Lot Size ,000, , , , , and UP Settlement Settlement Date Settlement Currency Order Amalgamation Contra Trading CPF Settlement T+3 market days AUD or SGD No Page 30

31 Global Equities: Philippines Trading Hours Australia Time (AEST Mon - Fri) Pre-Open 11:00 am - 11:29 am 1st Session 11:30 am - 02:00 pm 2nd Session 03:30 pm - 05:17 pm Run off period / Last Price 05:17 pm - 05:20 pm Market Close 05:30 pm Philippines/Singapore Time (Mon - Fri) Pre-Open 09:00 am - 09:29 am 1st Session 09:30 am - 12:00 pm 2nd Session 01:30 pm - 03:17 pm Run off period / Last Price 03:17 pm - 03:20 pm Market Close 03:30 pm Holidays - Philippines For Trading Calendar, visit the Exchange Website Page 31

32 Global Equities: South Korea Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Other Foreign Fees Securites Transaction Tax (Sell only) 0.15% Special Tax for Rural Development (Sell only) 0.15% Note: GST will be charged on commission. Commission and exchange fees are exclusive of GST and may be subject to change without prior notice. Fees for advisory services may differ and should be discussed with your Private Client Advisor. Custodian charges may apply. Trading Mode Order Placement Offline via Your Adviser Trading Trading Lot Not Fixed Price Quote Offline via Your Adviser Exchange KRX Minimum Quantity Price Intervals Tick Size less than KRW 1,000 KRW 1 KRW 1,000 ~ KRW 5,000 KRW 5 KRW 5,000 ~ KRW 9,990 KRW 10 KRW 10,000 ~ KRW 49,950 KRW 50 KRW 50,000 ~ KRW 99,900 KRW 100 KRW 100,000 ~ KRW 499,500 KRW 500 greater than or equal to KRW 500,000 KRW 1,000 Trading Hours Australia Time (AEST Mon - Fri) Korea time (Mon - Fri) 10:00 am - 04:00 pm 09:00 am - 03:00 pm Settlement Settlement Date Settlement Currency Order Amalgamation Contra Trading CPF Settlement T+2 market days AUD or SGD No Holidays - South Korea For Trading Calendar, visit Exchange Website html Page 32

33 Global Equities: Sri Lanka Basic Information (Market-Specific) Brokerage For up-to-date brokerage, visit the website Exchange Fees Securities Exchange & Commission of Sri Lanka (SEC) Fees 0.072% Colombo Stock Exchange (CSE) Fees 0.084% Central Depositary System (CDS) Fees 0.024% Share Transaction Fee 0.3% Transaction Charges SGD 10 Note: GST will be charged on commission. Commission and exchange fees are exclusive of GST and may be subject to change without prior notice. Fees for advisory services may differ and should be discussed with your Private Client Advisor. Custodian charges may apply. Custodian Charges Monthly % of month end portfolio value, subject to a minimum SGD 5 per month, whichever is higher. Note: There is no waiver for custody charges for stocks listed on CSE. Trading Mode Order Placement Offline via Your Adviser Trading Trading Lot 100 Shares Price Quote Offline via Your Adviser Exchange CSE Minimum Bid Size Price LKR 0.10 Trading Hours Australia Time (AEST Mon - Fri) Sri Lanka Time (Mon - Fri) 02:00 pm - 07:00 pm 09:30 am - 02:30 pm Settlement Settlement Date Settlement Currency Order Amalgamation Contra Trading CPF Settlement T+3 market days AUD or SGD No Holidays - Sri Lanka For Trading Calendar, visit the Exchange Website Page 33