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What is the settlement period for Singapore trades? |
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The settlement period is T+3 for all contract types except ES.
The settlement period for ES is 3 trading days after the contract spot month.
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How much is my purchase? What are my outstanding? |
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You can check under "Account Management", "Outstanding Position" one day after trade date for the contract amount and due date of your trade. |
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What if the due date falls on a holiday? |
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If the due date (T+3) falls on a Singapore holiday, settlement will be made on the following market day. |
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What happens if I do not settle my trades within the settlement period? |
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Your shares can be force-sold at UOBKH’s discretion. |
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If I buy a non-Singapore currency denominated stock, what currency do I settle in? |
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The traded currency is the default settlement currency. |
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Can I settle a non-Singapore currency denominated stock in SGD? |
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Yes, you can select SGD under “Settlement Currency” on the place order screen. Alternatively, please contact your Trading Representative by T + 3 to book a spot rate. |
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Note:
1. EPS payment will not be available if the spot rate is booked through the Trading Representative after T + 1.
2. CPF trades can only be settled in SGD. |
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What will be the exchange rates for my trades? |
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Your exchange rates are booked at spot rates base on the instruction given by either your Trading Representative or yourself. You can either refer to the contract note or call your Trading Representative to check on the actual exchange rate. |
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Will I be able to amalgamate my trades into one contract? |
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Singapore trades done through the Internet Trading Platform will be amalgamated. However, these conditions must be met: |
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Trades must be done through the same trading channel |
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Trades must be done on the same day. |
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Trades must be of the same security. |
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How can I make payment for my trades? |
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You can choose to pay through one of the following ways: |
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Cash or Cheque at our counter on the 2nd Floor of our office at 8 Anthony Road. |
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Cheque made payable to UOB Kay Hian Pte Ltd. (Please indicate your trading account number and the contract number or the contra statement number on the reverse side of the cheque.) |
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EPS via the ATM or Internet banking. |
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GIRO through DBS/POSB, UOB and OCBC bank accounts. |
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Bill payment via Internet banking with DBS/POSB, UOB, Standard Chartered and HSBC. |
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Trust Account that is maintained with UOBKH to facilitate settlement for your share transactions. |
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Please note that only SGD is accepted for payment via Internet banking, EPS and GIRO. Please also note that payment processing is performed on full trading days only. |
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What is Electronic Payment for Shares (EPS)? |
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Electronic Payment for Shares (EPS) facilitates the transfer of funds between designated bank accounts of investors and their stockbroking companies. |
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How can I apply for EPS? |
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To activate this linkage, complete the Application for Electronic Payment for Shares (EPS) form. It takes approximately 1 week to process this linkage. |
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How to make payment via Internet Banking EPS/Bill Payment? |
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For EPS through DBS/POSB and UOB bank accounts, please proceed to "Investment Services", "Electronic Payment for Shares" and follow the instructions onscreen. |
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For EPS through OCBC bank accounts, please proceed to "Bill Payment", "Share Payment (EPS)" and follow the instructions onscreen |
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For EPS through Citibank bank accounts, please proceed to "Payments & Transfers", "Shares Payment (EPS)" and follow the instructions onscreen. |
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For Bill Payment through DBS/POSB, Standard Chartered and HSBC accounts, the reference number is your 7-digit trading account number. |
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For Bill Payment through UOB bank accounts, the reference number is '05' followed by your 7-digit trading account number. |
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When do I receive my sales proceeds? |
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With EPS or GIRO, sales proceeds in Singapore dollars will be credited directly into your designated bank account on 'D' day and you should see the credit balance in your account on D + 1. Otherwise, a cheque will be sent to you on D + 1. |
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Can I use my sales proceeds to offset my purchases? |
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Yes, you may do so if both sales and purchases are in the same settlement currency. Please inform your Trading Representative of your request one day before the due date of the sale(s). |
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How do I withdraw money from my Trust Account |
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Please contact your Trading Representative for assistance. |
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