Help & Support

Fees, Payments and Settlements - General

  • Commission and charges

    Trading commission
    View all commission and charges


    Custodian fees 
    The custodian fees for foreign securities are as follows:

    Foreign custodian fees S$2 per counter (per month)
    Fee exemption If clients make at least 2 transactions per month for that particular month
    If clients make at least 6 transactions per quarter for the entire quarter
    If the foreign security is delisted at the point when our company is computing the fees
    Mode of billing Invoiced quarterly in arrears subject to a maximum of S$200 per quarter
    Mode of payment For client with GIRO facilities with OCBC Securities, the fees will be debited from client’s designated Bank account anytime during the first week of new quarter.
    For client with sales proceeds, contra gains, dividends payable, or trust account balances, the fees will be automatically deducted from these amounts once they are due.
    Alternatively, you may make payment via cheque or EPS.


    Handling fees

    SGX and Foreign securities held with OCBC Securities are subject to the following handling fees:
    Mandatory Events
    S/N Type  Handling Fee
    1 Cash Dividend 1% on net dividend (min S$3, max S$50)
    7% GST or equivalent depending on payment currency
    2 Coupon (Fixed Income Coupon) S$10.70 (inclusive of GST) or equivalent depending on payment currency
    3 Capital Distribution
    4 Redemption
    Mandatory with Options Events
    5 Dividend with Option S$10.70 (inclusive of GST) or equivalent depending on payment currency
    6 Dividend with Stock Reinvestment
    7 Dividend with Currency Option
    Voluntary Events
    8 Cash/ Tender/ Takeover Offer  S$10.70 (inclusive of GST) or equivalent depending on payment currency
    9 Rights Exercise
    10 Expiry of Warrants
    11 Warrants Exercise Processing

    Cash dividend handling fees for shares custodised under Share Financing Accounts are waived for all markets.
  • Settlement due date of all markets

    For Singapore and Malaysia markets, buy positions have to be paid or sold off (contra) latest by the due date, failing which the company shall at its discretion force-sell the unpaid purchases. 

    You should not sell any unpaid purchases after the due date. If you are selling of your outstanding purchases after the due date results in a short position that is bought in by stock exchange authorities, any losses arising will be debited to your account.

    Regional bourses                                                              Due date
    Singapore Trade date + 2 market days
    Malaysia Trade date + 2 market days
    Hong Kong Trade date + 2 market days
    Thailand Trade date + 2 market days
    Philippines Trade date + 3 market days
    Indonesia  Trade date + 2 market days
    United States Trade date + 2 market days
    United Kingdom  Trade date + 2 market days
    China B Trade date + 3 market days
    Japan Trade date + 3 market days
    Australia Trade date + 2 market days
  • Payment Modes

    1. GIRO Service If your trading account is linked to your designated Bank account under GIRO service, your purchases / contra losses / sale proceed / contra gains will automatically be deducted / credited to your account on due date* + 1 market day or one market day after the contra date, in SGD. Kindly ensure that your bank account has sufficient funds for the GIRO deduction.
    Available bank : OCBC, DBS/POSB and UOB
    2. Electronic Payment for Shares (EPS) If your trading account is linked to Electronic Payment for Shares (EPS) service, you can pay for purchases and contra losses via EPS service at any ATM or phone banking or internet banking services made available by your bank.
    Available banks : OCBC, DBS/POSB, UOB
    EPS should be made latest by the due date* before 9pm so that we will receive your payment by the next market day.
    3. Internet bill payment Payment for your shares can be made via internet bill payment by registering OCBC Securities as a payee with OCBC Bank.
    Step 1: Add “OCBC Securities Pte Ltd” as a payee
    Step 2: Select payment "By Account" (there will be no payment limit)
    Step 3: Indicate your OCBC Securities trading account number under "Bill Reference" field (exclude all symbols, hyphens and spaces, e.g. 0123456)
    Kindly make your payment latest before 9pm on the due date* (Singapore time) to ensure payment is received on the next working day.
    4. Telegraphic transfer Payment may be made via telegraphic transfer. Your trading account number and contract number should be indicated as reference. Please note that a telegraphic transfer will require 1-2 working days. Here are the details for telegraphic transfers in various currencies. For other currencies not found in the list below, please contact your Trading Representative for more information.

    If you are using OCBC Online Banking, you can refer here for a guide on how to transfer funds in SGD and USD via the internet Banking platform.


    SGD

    Beneficiary Bank: OCBC Bank – Singapore [Swift: OCBCSGSGXXX]

    Beneficiary Name: OCBC Securities Private Limited

    Beneficiary account number: 501-105662-001

     

    USD

    Intermediary Bank: JP Morgan Chase Bank, New York [Swift: CHASUS33]

    Beneficiary Bank: OCBC Singapore [Swift: OCBCSGSG]

    Beneficiary Name: OCBC Securities Private Limited

    Beneficiary account number: 501-017214201-USD

     

    HKD

    Beneficiary Bank: OCBC Bank (Hong Kong) [Swift: OCBCHKHHXXX]

    Beneficiary Name: OCBC Securities Private Limited

    Beneficiary Account No: 511-832-1020

     

    MYR

    Beneficiary Bank: OCBC Al-Amin Bank Berhad [Swift: OABBMYKL]

    Beneficiary Name: OCBC Securities Private Limited

    Beneficiary account number: 101-105696-5

     

    AUD

    Beneficiary Bank: OCBC Bank Sydney [Swift: OCBCAU2SXXX]

    Beneficiary Name: OCBC Securities Private Limited

    Beneficiary account number: 452-001-101989-003



    Please notify your Trading Representative of the details immediately upon execution of the telegraphic transfer.
    5. Cheque Write your cheque payable to “OCBC Securities Pte Ltd” Kindly include your name, account number, contract numbers or purpose of payment (deposit, contra losses, etc.) on the reverse side of the cheque.
    Acceptable foreign currency cheques :
    • USD cheques - Drawn from Singapore banks only
    • AUD cheques - Drawn from Australia banks only
    • HKD cheques - Drawn from Hong Kong banks only
    • MYR cheques - Drawn from Malaysia banks only

    Please send your cheque to:

    OCBC Securities Pte Ltd, 18 Church Street #01-00 OCBC Centre South, Singapore 049479

    For payment of shares, your cheque must reach us latest before 5pm on the due date*. You have to deliver your cheque personally if you estimate that your mailed cheque cannot reach us by the deadline.
    6. Cash

    To pay for your trades via cash, please proceed to any OCBC Bank branch counter. Please inform the bank officer to indicate the following details on your cash deposit slip when processing your payment:

    1. Name of account holder
    2. OCBC Securities trading account number
    3. Purpose of Payment (e.g. Trade Contract / Margin Deposit / Custody Fees / Share Transfer Fees / Deposit in Trust account)
    4. Contract number if paying of a trade

    Please remember to inform your Trading Representative (TR) on your cash deposit so that we can keep a look out for your incoming funds and avoid any delay in crediting the funds to your account.

    You can obtain your TR’s contact details here:

    1. Login to iOCBC trading platform
    2. Click on “Account Management”
    Select “Account Details”

    Note:

    (a) For your trading convenience, we strongly encourage you to arrange for Electronic Payment for Shares or Interbank GIRO.

    (b) To avoid any failed trades, investors are strongly encouraged to buy and sell through the same brokerage company and under the same trading account number.

    (c) Investors who buy shares through a broker at Company A and immediately sell the shares through another broker at Company B must make advance payment to Company A on Trade date before 8pm via EPS or internet bill payment so that the shares can be settled in time for delivery on trade date + 2 market days (before 1.30pm).

    (d) We do not accept post-dated cheques as payment. Please ensure that your cheque bears a valid current date. Post-dated cheques may result in a bounced cheque if it is presented to the clearing bank before the stipulated date.

    (e) For cashier's orders, an administrative fee is generally applicable by the issuing bank.

    (f)  For payment of other currencies, please contact your trading representative for more information.

  • Foreign exchange rates for trades

    After logging in, select the “Trades” menu and then select “FX Rate” to view the indicative FX rate. If you have chosen to settle your trades in one of the currencies listed in Board Rates, the rates will be applied in accordance to the timing of the fulfilled trades.

    However, in the event where no exchange rate is found in the Board Rates, the exchange rates will be quoted to you only against the fulfilled order in the “Today's Order” after the rates are fixed.

  • Payment for shares sold

    Interbank GIRO
    Money will be credited to your bank account on due date + 1 market day (after 2pm).


    Electronic Payment for Shares (EPS)

    Money will be credited to your bank account as below:

    Description SGX Foreign Markets
    No outstanding contra losses Due Date + 1 Market Day (after 2PM) Due Date + 2 Market Days (after 2PM)
    With outstanding contra losses Due Date + 2 Market Days (after 2PM) Due Date + 2 Market Days (after 2PM)


    Cheque
    The cheque will be mailed to you on due date.
  • Contra gain payment

    Contra will apply automatically to your BUY contract so long as the applicable criteria are met.

    Please note that you will need to inform your TR if you do not wish for contra to apply to your BUY contract, as this option is not available in the iOCBC website and the mobile app platform.

    Should contra not apply to your BUY contract and you wish to:

    Place a SELL contract for the same securities - you will have to ensure that there are sufficient securities in the “Free” balance of your CDP account by 1.30pm of the SELL contract Settlement Date  to satisfy your SELL contract securities
    Sell the BUY contract securities – you will first need to make payment for your non-contra BUY contract. Cash payments must be made by 1.30pm of Trade date+2, and EPS payments must be made by 8 pm of Trade date. GIRO payments are not allowed for non-contra BUY contracts



    Interbank GIRO
    Money will be credited to your bank account on contra statement date* + 1 market day (after 2pm).



    Electronic Payment for Shares (EPS)

    Money will be credited to your bank account as below:


    Description SGX/Foreign Markets
    No outstanding contra losses Contra Statement Date + 2 Market Day (after 2PM)
    Wiith outstanding contra losses Contra Statement Date +  3 Market Days (after 2PM)

     

    Cheque
    The cheque will be mailed to you on contra statement date* + 1 market day.


    Foreign currencies
    Contra gain in foreign currencies will be credited to your trust account.


    *Contra statement date being the date on which contra statement is created.

  • Terms and Conditions Relating to Interbank Giro

  • Terms and Conditions Governing Electronic Payment for Shares