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Selling of existing SIP Shareholdings for Non-qualified clients

Dear Valued Clients,

 

In view of the implementation of MAS requirement in trading of Specified Investment Products (SIPs), please take note that if you do not satisfy MAS criteria to trade in SIPs (eg. any product listed on an overseas exchange), you will not be able to sell your existing SIP shareholdings via your iOCBC account with immediate effect.

 

Kindly contact your Trading Representative immediately for further assistance. If you are unable to contact your Trading Representative during the night for selling of your existing US securities, you may call our night dealer at Tel 1800 338 8688 or (65) 63388688.

 

Click here to view our hotlines operating hours.

 

 

Last updated on 1 Jan 2012 


 

The Electronic Trading Service is provided on an “as is”, “as available” basis only and subject to the Standard Trading Terms and Conditions.

 

 

DISCLAIMER

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  The information provided herein is intended for general circulation/discussion purposes only and may not be published or circulated (in whole/in part) without our written consent.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.

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