IMPORTANT CHANGES TO YOUR SHARE FINANCING ACCOUNT
We wish to inform you that, with effect from 1st December 2010, the following changes have been made to your Share Financing account:
1. Dividend processing fees for shares held in your Share Financing account will be waived.
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Current
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New
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Markets
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Charges and Fees
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Dividend Processing Fees
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Securities listed on SGX and KLSE
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1% on net dividend
Min: S$5* or US$5*
Max: S$100* or US$100*
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Waived
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Securities listed on HKEx
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1) 0.5% for first HK$ 500,000 dividend paid
2) 0.25% for the remaining amount (Min HK$20)
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Other foreign Markets
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S$10* per counter and other incidental charges by custodian
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2. For the convenience of using the Multi-currency Share Financing feature:
(a) the default settlement currency for all trades executed through your Share Financing account will be set as the traded currency;
(b) the settlement currency will determine the currency of the loan drawn;
(c) for securities traded in a currency other than SGD, AUD, HKD & USD, it is important to specify SGD as the settlement currency when executing an online order; and
(d) alternatively, you may customise and reset the default settlement currency to your preferred currency acceptable on iOCBC, by logging in to iOCBC > Account Management > Personalise, or contact your Trading Representative for assistance
3. Outward shares transfer fees to another Depository Agent account from your Share Financing account have also been adjusted. Please click here for an updated fee schedule.
Please feel free to call our Customer Service hotline at 1800 338 8688 if you require more information.
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