To start trading, you need to open a securities trading account and a Central Depository (CDP) Account. Both accounts have to be linked before you can trade on the Singapore Exchange.
You can open both accounts at OCBC Securities. To open the accounts, you:
need to be at least 18 years old
must not be an undischarged bankrupt.
need to provide the original identification documents.
You can open a securities trading account at OCBC Securities in just 1 hour!Learn more
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Trading channels
At OCBC Securities, you may trade via the following channels
There are different trading hours for different markets.
In Singapore, trading hours are:
Trading Hours
Mondays - Fridays
8.30am - 8.59am (Pre – Open)
8.59am - 9.00am (Non – Cancel Period)
9.00am- 5.00pm%
5.00pm - 5.05pm (Pre – Close)
5.05pm - 5.06pm (Non – Cancel Period)
%W.e.f. 01 August 2011, SGX will enhance market access with continuous all-day trading, (ie : There will be no market break from 12.30pm to 2.00pm).
*The market is closed on public holidays. Traditionally , there is a half trading day ( 9am - 12.30pm) on the eve of Christmas, New Year and Lunar New Year , if they fall on a weekday. For more information click here .
The Pre-Opening and Pre-Closing Routines: It is aimed at increasing efficiency and transparency of the marketplace, so as to facilitate smooth price movements during the opening and closing sessions of trading.
Please refer to the information on the other markets for their trading hours.
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Settlement for SGX market
The day the trade was executed is called the Trade Day (T).
Settlement of all trades takes place on T+3 (Trade Date + 3 market days). The shares will be debited from the seller’s account and credited into your account at the end of T+3 market days.
If you have sold your shares, the shares will be debited from your CDP account on T+3 market days. You will receive the proceeds from the sale of your shares on T+4 market days(or T + 3 market days if you’ve signed up for EPS). However, it will take one to two working days for you to receive the cheque in your mail.
All CPF/SRS trades will be settled in S$.
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Settlement modes
Settlement for your trades can be made via the following modes :
Cash
Cash payment may be made at our customer service counter. We are located at 18 Church Street #01-00 OCBC Centre South Singapore (049479).
Cheques should be crossed and made payable to “OCBC Securities Private Limited”. The following information should be indicated at the back of the cheque.
Your trading account number / Contract number
Contact details
You can mail the cheque to us or drop the cheque at our Quick Cheque deposit box located at 18 Church Street, #01-00, OCBC Centre South or visit our customer service counter to make the payment personally.
Telegraphic Transfer
Payment may be made by Telegraphic Transfer. Please note that Telegraphic Transfer usually takes 1-2 days. The following information must be indicated on for the transfer :
Your trading account number / Contract number
Contact details
GIRO
Applicable only for linkage to OCBC Bank Accounts only.
Applicable only for contracts settled in S$ only.
Settlement (debiting or crediting) of trade will automatically be performed on Due Date + 1 market day
Kindly ensure that your bank account has sufficient funds to pay for the shares
EPS (Electronic Payment for shares)
Payment can be made for your transactions via ATMs or internet banking facility of your designated local bank. Proceeds from the sale of shares will be automatically credited to your bank account on T + 3 market days
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Utilizing CPF funds for trading
To use your CPF funds (Only applicable for cash accounts) for trading, you will need to :
Furnish us with your CPF Investment Account before trading
Ensure that there are sufficient funds and stock limit available for investment in your CPF Investment Account
Caution :
If you do not have sufficient funds and stock limit for any CPF Trade, your trade may be split into partial cash and cpf settlement.
If your CPF trade is revoked for any reason, your CPF trades will be amended to "cash" settlement trade and subject to the normal settlement rules of “Trade Date +3 market days”
Always contact your respective CPF Investment Scheme Agent Bank, CPF Board or log into the CPF website with your singpass for your available investment limits.
Click here to find out more about CPF Investment Account, or click here to open an OCBC CPF Investment Account online.
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Utilizing SRS funds for trading
To use your SRS funds for trading, you will need to :
Furnish us your SRS Account No. before trading.
Select payment mode as "SRS" for both buy & sell orders if you trade online
Click here to find our more about OCBC SRS Account, or click here to open an OCBC SRS Account online.
Trading in securities can be very risky, and the customer may lose all or more than the amount invested or deposited. This is particularly so when the customer needs to i) make his or her own trading decisions and ii) ensure each trade is specifically suitable for him or her – the only basis for any trading through or with OCBC Securities Private Limited (“OSPL”). The information provided herein is intended for general circulation/discussion purposes only and may not be published or circulated (in whole/in part) without our written consent. It does not take into account the specific investment objectives, financial situation or particular needs (collectively “Objectives”) of any particular person. Please seek advice from an independent financial adviser regarding the suitability of any trade or investment product taking into account your Objectives before making a commitment to trade or purchase the investment product. If you choose not to seek independent financial advice, please consider whether the trade or product in question is suitable for you. This does not constitute an offer/solicitation to buy/sell/subscribe for any investment products or to participate in any particular trading or investment strategy. Any proposed transaction is subject to the final expression of the terms in the definitive agreement/confirmation. No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OSPL and it should not be relied upon as such. OSPL does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OSPL shall not be responsible or liable for any loss or damage whatsoever arising directly/indirectly howsoever in connection with or as a result of any person acting on any information provided herein.
