Help and Support

Payments & Settlements

Settlement due date

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 + 3 market days
Malaysia Trade date + 3 market days
Hong Kong Trade date + 2 market days
Thailand Trade date + 3 market days
Philippines Trade date + 3 market days
Indonesia Trade date + 3 market days
United States Trade date + 3 market days
United Kingdom Trade date + 2 market days
China B Trade date + 3 market days
Japan Trade date + 3 market days
Australia Trade date + 3 market days

Settlement currencies

You can click on the “Account Mgmt” menu, and then select “Personalise” to view the list of allowed settlement currencies.  In general, all trades are settled in the traded currency.

However, you can choose to set your preferred settlement currencies for your buy and sell trade for each market by clicking the currency code except for those restricted by the exchange controls.

In addition, you can also change the actual settlement currency for each order in buy / sell screen prior to submitting the order through the Internet.

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 and POSB
2. 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.
3. 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.
4. Telegraphic transfer Payment may be made via telegraphic transfer. Your trading account number and contact details should be indicated with the telegraphic transfer. Please note that a telegraphic transfer will require 1-2 working days.
Details of Bank: OCBC Bank
Payee: OCBC Securities Pte Ltd
Account number: 501-105662-001
Please notify your Trading Representatives of the details immediately upon execution of the telegraphic transfer.
5. Cheque Write your cheque payable to “OCBC Securities Pte Ltd” Kindly include your name, account number, contract numbers or purpose of payment (deposit, contra losses, etc.) on the reverse side of the cheque.
Acceptable foreign currency cheques :
USD cheques - Drawn from Singapore banks only
AUD cheques - Drawn from Australia banks only
HKD cheques - Drawn from Hong Kong banks only
MYR cheques - Drawn from Malaysia banks only
Please send your cheque to:
OCBC Securities Pte Ltd, 18 Church Street #01-00 OCBC Centre South, Singapore 049479.
For payment of shares, your cheque must reach us latest before 5pm on the due date*. You have to deliver your cheque personally if you estimate that your mailed cheque cannot reach us by the deadline.
6. Cash Cash payment can also be made at our cashier counters located at the 1st floor, OCBC Centre South. Please note that the operating hours for cashier counters are from 8.30am to 5.30pm during weekdays, excluding public holidays and weekends.

(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 T + 1 before 8pm via EPS or internet bill payment so that the shares can be settled in time for delivery on trade date + 3 market days (before 12pm).

(d) We do not accept post-dated cheques as payment. Please ensure that your cheque bears a valid current date. Post-dated cheques may result in a bounced cheque if it is presented to the clearing bank before the stipulated date.

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

Payment for shares sold

Interbank GIRO
Money will be credited to your bank account on due date + 1 market day (after 5pm).

Electronic Payment for Shares (EPS)
Money will be credited to your bank account as below:



Foreign Markets

No outstanding contra losses

Due Date + 1 Market Day (after 2PM)

Due Date + 2 Market Days (after 2PM)

With outstanding contra losses

Due Date + 2 Market Days (after 2PM)

Due Date + 2 Market Days (after 2PM)

The cheque will be mailed to you on due date.

Foreign exchange rates for trades

After logging in, select the “Trades” menu and then select “FX Rate” to view the indicative FX rate. 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.

However, in the event where no exchange rate is found in the Board Rates, the exchange rates will be quoted to you only against the fulfilled order in the “Today's Order” after the rates are fixed.