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What is the settlement period for US trades? |
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The settlement period is T+3. |
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How much is my purchase? What are my outstanding? |
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Please check with your Trading Representative. |
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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 may be made on the following market day. Please note that this does not apply to U.S. holidays. |
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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. Force-selling will be subjected to a charge of US$50 in addition to the normal brokerage. |
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What currency can I settle my trades in? |
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Settlements can be made in either Singapore or US dollars. When you place an order on the Internet Trading Platform, you can choose the currency you wish to settle in. |
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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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No, there is no amalgamation for US trades. |
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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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Telegraphic transfer. |
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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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Due to the time difference between US and Singapore, please note that the settlement period is differs for different payment option: |
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Payment Option
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Due date
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Currencies applicable |
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Cash / Cheque
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T+3, 5.30PM
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SGD / USD |
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GIRO
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T+3, 5.30PM
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SGD |
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EPS (ATM or Internet Banking)
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T+2, 8.00PM
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SGD |
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Bill Payment (Internet Banking) |
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T+2, 8.00PM
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SGD |
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Telegraphic Transfer |
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T+3, 5.30PM
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SGD / USD |
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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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Can I make payments with USD cheques drawn from any bank in Singapore? |
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UOBKH will not accept settlement by USD cheques drawn from non-participating banks as these cheques take approximately one to three weeks to clear. As shares awaiting positions or contra losses will only be cleared upon clearance of the cheques, this may incur interest for late payment. |
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Below is the list of participating banks: |
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Are there additional costs if I choose to settle in USD? |
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Please note the following for USD payments:- |
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Additional Costs |
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U.S. cheques (from UOB Bank USD account in Singapore)
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Free |
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U.S. cheques drawn on USD accounts in Singapore
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Subject to costs imposed by agent bank |
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Cash |
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Subject to additional 1% bank commission
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When do I receive payment? |
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Payment will be made the market day after the due date. It will be sent to you via cheque unless you have other arrangements or you have applied for automatic crediting into your bank account via EPS or GIRO. |
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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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