Dear Valued Client

(A) Placing of SRS Order via iOCBC

We are pleased to inform that with effect from 4 September 2009, iOCBC clients will be able to select 'SRS' settlement mode when placing order to SGX.

This eliminates the need to call your respective TR for amendment of your trades from 'Cash' to 'SRS' when the order is filled.

Kindly ensure that you have provided us with your SRS Agent Bank and SRS Account Number before placing SRS orders via iOCBC.

(B) iOCBC Portfolio For SRS Trades

i) Adjustment of iOCBC Current Portfolio.
SRS purchases / sales made before 4 Sept 2009 will remain displayed under 'Cash' section in iOCBC Current Portfolio.

Please note that iOCBC will not make any adjustment to your Current Portfolio.

To avoid any trading error in quantity, you are strongly encouraged to adjust your SRS trades in the "Cash" section to reflect as "SRS" immediately.

Kindly refer to the step by step guide  to adjust your SRS portfolio.

For adjustment purpose, you may like to refer to your SRS statement for your actual shareholdings in the SRS account.

ii) Purchases / Sales of stocks in SRS account from 4 Sept 2009 onwards
Your new SRS purchases / sales from 4 Sept 2009 onwards will be reflected under “SRS” section in iOCBC Current Portfolio page.

Hence, the sale quantity will not be deducted against your earlier SRS purchase shown in “Cash” section of the portfolio.

For more information on placing SRS orders, please see here.

Last Updated on 30 September 2009