Philippines

The Philippines is a newly industrialized country in South-East Asia and is one of the emerging markets in the world. In 2007, it was ranked as the 36th largest economy by the World Bank according to purchasing power parity. Amid the current world financial crises, the National Statistical Coordination Board of Philippines reported a 4.5% GDP growth in the 4^th quarter 2008^1.

Why Philippines?

Newly industrialized country in South-East Asia and one of the emerging markets in the world.
In 2007, it was ranked as the 36th largest economy by the World Bank according to purchasing power parity.

Basic Information

Trading Hours	Monday - Friday 9.30am - 12.00pm (Singapore's Time) 1.30pm - 3.30pm
Time Difference	GMT + 8
Currency	Philippine Peso (PHP)
Trading Lots	Board lots vary from 10 to 1,000,000 depending on price range of the particular stock. (Refer to Minimum Bid Size table)
Main Index	Philippines Stock Exchange (PSE)
Settlement Period	T + 3 market days
Price Quotes*	Delayed 15 minutes
Use of CPF	No

* Price quotes on iOCBC are delayed basis. To access the latest price quote, kindly click on the stock name to launch the order ticket.

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

Please refer to www.pse.com.ph for more details.

Minimum Bid Size for trading on Philippines Market

Share Price (PH)	Minimum Bid Size (PHP)	Shares per Board Lot
PH 0.001 Up to PH 0.0024	0.0002	1,000,000
PH 0.0026 Up to PH 0.005	0.0002	1,000,000
PH 0.0055 Up to PH 0.01	0.0005	1,000,000
PH 0.011 Up to PH 0.025	0.001	100,000
PH 0.026 Up to PH 0.05	0.001	100,000
PH 0.0525 Up to PH 0.10	0.0025	100,000
PH 0.105 Up to PH 0.25	0.005	10,000
PH 0.26 Up to PH 0.50	0.01	10,000
PH 0.51 Up to PH 1.00	0.01	10,000

Commissions & Fees for trading in Philippines

(A) Commission Rate

Transacted Value	Online
Minimum Commission	PESO 550
Commission Rate	0.5%

Note:

For dealer assisted rate, please consult your Trading Representative.

All the above commission & fees are subject to prevailing Singapore GST (if applicable).

(B) Foreign Fees Payable

Transacted Value	Online
SCCP Fees	0.01% on Trading Principal
VAT on brokerage	0.03% on Trading Principal
Stock Transaction Tax (For SELL only)	0.50% on Trading Principal
Net Fee	PESO 75 (w.e.f. Trade Date 14 Jan 2011)
BSRD Fee	PESO 1,000 (w.e.f. Trade Date 14 Jan 2011)

Note:

Do note that the exchange fees are subject to change by respective Exchanges from time to time without prior notice.

(C) Custodian Fees for Foreign Securities held with OCBC Securities.

The custodian fees for foreign securities are S$2.00 per counter per month. Click here for more details.

Note:

The above custodian fees are subject to prevailing Singapore GST (if applicable).

2012 Securities Trading Holidays

Month	Date	Day	Remarks
January	23-Jan-12	Monday	Lunar New Year's Day
April	5-Apr-12	Thursday	Maundy Thursday
April	6-Apr-12	Friday	Good Friday
April	9-Apr-12	Monday	Day of Valour
May	1-May-12	Tuesday	Labour Day
June	12-Jun-12	Tuesday	Independence Day
August	21-Aug-12	Tuesday	Ninoy Aquino Day
August	27-Aug-12	Monday	National Heroes' Day
November	1-Nov-12	Thursday	All Saints' Day
November	2-Nov-12	Friday	Special Non-Working Holiday
November	30-Nov-12	Friday	Bonaficio Day
December	25-Dec-12	Tuesday	Christmas Day
December	31-Dec-12	Monday	Last Day of the Year

Note:

- All dates given here are correct at the time of posting. Some Holidays may differ slightly and are subject to the local official announcement.

[1] http://www.nscb.gov.ph/sna/2008/4thQ2008/2008qpr4.asp

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.