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Q1. What are the commission rates for trading on securities quoted on the Singapore Exchange?
Note: The below information are meant for CGS International Securities Singapore Pte. Ltd. ("CGS SG")clients only.
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Singapore Dollar Denominated Securities on SGX
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Offline
Via TRS |
Online/Mobile |
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CDP Linked
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CDP Sub Account
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CUT *
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iCash
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Contract Value
|
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Up to SGD50,000
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0.50%
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0.275%
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0.18%
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0.18%
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0.18%
|
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SGD50,001 to SGD100,000
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0.40%
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0.22%
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Above SGD100,000
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0.25%
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0.18%
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Minimum Commission
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SGD40
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SGD25
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SGD18
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SGD18
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SGD18
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US Dollar Denominated Securities on SGX
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Contract Value
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Up to USD25,000
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0.50%
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0.275%
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0.18%
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0.18%
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0.18%
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USD25,001 to USD50,000
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0.40%
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0.22%
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Above USD50,000
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0.25%
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0.18%
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Minimum Commission
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USD20
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USD15
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USD13
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USD13
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USD13
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HK Dollar Denominated Securities on SGX
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Contract Value
|
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Up to HKD200,000
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0.50%
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0.275%
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0.18%
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0.18%
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0.18%
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HKD200,001 to HKD400,000
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0.40%
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0.22%
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Above HKD400,000
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0.25%
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0.18%
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Minimum Commission
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HKD180
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HKD125
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HKD$100
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HKD$100
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HKD$100
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Australian Dollar Denominated Securities on SGX
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Contract Value
|
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Up to AUD50,000
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0.50%
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0.275%
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0.275%
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-
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-
|
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AUD50,001 to AUD100,000
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0.40%
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0.22%
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0.22%
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Above AUD100,000
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0.25%
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0.18%
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0.18%
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Minimum Commission
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AUD30
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AUD20
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AUD20
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-
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-
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EUR Dollar Denominated Securities on SGX
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Contract Value
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Up to EUR32,000
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0.50%
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0.275%
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0.275%
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-
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-
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EUR32,000 to EUR62,000
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0.40%
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0.22%
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0.22%
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Above EUR62,000
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0.25%
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0.18%
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0.18%
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Minimum Commission
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EUR26
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EUR16
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EUR16
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-
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-
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GBP Denominated Securities on SGX
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Contract Value
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Up to GBP30,000
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0.50%
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0.275%
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0.275%
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-
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-
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GBP30,001 to EUR60,000
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0.40%
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0.22%
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0.22%
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Above GBP60,000
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0.25%
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0.18%
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0.18%
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Minimum Commission
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GBP25
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GBP15
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GBP15
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-
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-
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*CUT = Cash Upfront Trading
Note:
- The above Offline and Online/Mobile Cash rates are applicable to corporate and retail clients only.
- With effective 14 Dec 2015, a new trading account designated for cash upfront trading is necessary to trade via CUT.
- The above Online/Mobile CUT rates are applicable only to the orders placed with CUT payment mode. Click here for more info.
- Rates are not applicable to securities listed on other foreign exchanges.
- Clearing fee of 0.0325% will be levied on each contract value.
- SGX Trading Fee of 0.0075% will be levied on each contract value.
- Effective 01 March 2019, SGX Settlement Instruction Fee of SGD 0.35 or equivalent in foreign currency will be levied per contract
- A 9% GST is chargeable on commission payable, clearing fee and SGX Trading Fee and SGX Settlement Instruction Fee.
- EMPERADOR INC. shares will be having a secondary listing on SGX-ST and subject to Stock Transaction Tax (0.6% of the gross selling price) plus service fee (0.03% of the gross selling price) charged by remitting agent. Both fees will be included as FFP charge in our contract note to clients.
- For more information on the additional fees payable, please contact 1800 538 9889.
- The management reserves the right to revise the above commission rates without prior notice.
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Traded Currency
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SGX Settlement Instruction Fee
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SGD
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SGD0.35
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USD
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USD0.26
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AUD
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AUD0.36
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HKD
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HKD2.05
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EUR
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EUR0.23
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CNY
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CNY1.75
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GBP
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GBP0.21
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Q2. What are the commission rates for trading in foreign markets?
Note: The below information are meant for CGSI clients only.
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Malaysia
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Offline
Via TRs
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Online/Mobile
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Contract Value
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CDP Linked and CDP Sub
Account
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CUT
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iCash
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Below RM100,000
Above RM100,000
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0.75%
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0.50%
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n.a
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n.a
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0.50%
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0.50%
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n.a
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n.a
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Minimum commission
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RM80
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RM60
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n.a
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n.a
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Clearing Fee
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0.03%
(Max RM1000)
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0.03%
(Max RM1000)
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n.a
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n.a
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Stamp Duty for Listed Shares, Preference Shares, Loan Stocks/ Bonds, Exchange Traded Bonds (ETB)
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0.10%
(gross round up nearest $)
Max RM1000
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0.10%
(gross round up nearest $)
Max RM1000
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n.a
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n.a
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Stamp Duty for REITS and Stapled Securities (REITS), Trust and Close-Ended Funds, Ordinary Rights and Loan Rights, Warrant and Structure Warrants
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0.10%
(gross round up nearest $)
Max RM200
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0.10%
(gross round up nearest $)
Max RM200
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n.a
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n.a
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Stamp Duty for Exchange Traded Fund (ETF)
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Exempted
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Amalgamation
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Yes
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Yes
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Hong Kong
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Offline
Via TRs
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Online/Mobile
|
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Contract Value
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CDP Linked and CDP Sub
Account
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CUT
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iCash
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Any Contract Value
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0.50%
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0.25%
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0.18%
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0.18%
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Minimum commission
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HK$128
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HK$88
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HK$88
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HK$88
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Stamp Duty
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0.10%
(round up nearest $)
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0.10%
(round up nearest $)
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0.10%
(round up nearest $)
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0.10%
(round up nearest $)
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Trading Levy
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0.0027%
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0.0027%
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0.0027%
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0.0027%
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FRC Transaction Levy (effective 1 January 2022)
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0.00015%
(rounded to the nearest cent)
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0.00015%
(rounded to the nearest cent)
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0.00015%
(rounded to the nearest cent)
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0.00015%
(rounded to the nearest cent)
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Trading Fee (effective 1 January 2023)
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0.00565% (rounded to the nearest cent)
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0.00565% (rounded to the nearest cent)
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0.00565% (rounded to the nearest cent)
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0.00565% (rounded to the nearest cent)
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Amalgamation
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Yes
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Yes
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USA
Nasdaq/Amex/NYSE
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Offline
Via TRs
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Online/Mobile
|
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Contract Value
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CDP Linked and CDP Sub
Account
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CUT
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iCash
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Any Contract Value
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0.50%
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0.30%
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0.18%
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0.18%
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Minimum commission
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US$28
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US$20
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US$18
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US$18
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SEC Fees
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0.0008%
(For sell Trades only)
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0.0008%
(For sell Trades only)
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0.0008%
(For sell Trades only)
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0.0008%
(For sell Trades only)
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Amalgamation
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No
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No
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Indonesia
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Offline
Via TRs
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Online/Mobile
|
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Contract Value
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CDP Linked and CDP Sub
Account
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CUT
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iCash
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Any Contract Value
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0.75%
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0.40%
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n.a
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n.a
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Minimum commission
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RP300,000
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RP150,000
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n.a
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n.a
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Trading Levy
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0.0433%
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0.0433%
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n.a
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n.a
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VAT
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0.0055%
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0.0055%
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n.a
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n.a
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Withholding Tax
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0.10%
(For sell Trades only)
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0.10%
(For sell Trades only)
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n.a
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n.a
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Amalgamation
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Yes
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Yes
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Thailand
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Offline
Via TRs
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Online/Mobile
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Contract Value
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CDP Linked and CDP Sub
Account
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CUT
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iCash
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Any Contract Value
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0.75%
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0.40%
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n.a
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n.a
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Minimum commission
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1000 Baht
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500 Baht
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n.a
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n.a
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VAT
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0.0035%
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0.0035%
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n.a
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n.a
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Amalgamation
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Yes
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Yes
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China Connect
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Offline
Via TRs
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Online/Mobile
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Contract Value
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CDP Linked and CDP Sub
Account
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CUT
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iCash
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Any Contract Value
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0.30%
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0.25%
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n.a
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n.a
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Minimum commission
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CNY125
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CNY88
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n.a
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n.a
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Handling Fee
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0.00341% of gross proceed (GP)
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0.00341% of gross proceed (GP)
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n.a
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n.a
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Securities management
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0.002% of GP
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0.002% of GP
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n.a
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n.a
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Transfer Fee*
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0.003% of the number of shares
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0.003% of the number of shares
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n.a
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n.a
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Stamp Duty
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0.05% of GP (Sell only)
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0.05% of GP (Sell only)
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n.a
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n.a
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Portfolio Fee
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0.008% p.a. (Waived by HKSCC)
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0.008% p.a. (Waived by HKSCC)
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n.a
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n.a
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Amalgamation
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Yes
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Yes
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*Note: A listing of the face value of all SSE Securities and SZSE Securities will be posted and maintained on the HKEx website (http://www.hkex.com.hk/chinaconnect).
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- Effective 17 November 2023, the stamp duty for Hong Kong Exchange will be reduced from 0.13% to 0.10%.
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- Effective 28 August 2023, the stamp duty for Stock Connect A shares will be reduced from 0.10% to 0.05%. In addition, Handling fees for Connect A is reduced from 0.00487% to 0.00341%.
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- Effective 13 July 2023, the stamp duty rate for the trading of listed shares on Bursa Malaysia will reduce from 0.15% to 0.10%, while the stamp duty cap is maintained at MYR 1,000 for each contract.
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- Effective 23 February 2023, the SEC Fee for US market will reduce to 0.0008% from 0.00229%.
- Effective 1 January 2023, Administrative concession for recovery of overseas brokerage and other brokerage and other related costs on overseas shares. SG based clients who trade overseas markets that we book out of Singapore Office, the market charges (Foreign Fee Payable) are subject to SG GST 8%.
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- Effective 1 January 2023, Hong Kong Trading fee increase to 0.00565% from 0.005%
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- Effective 12 May 2022, the SEC fees increase to 0.00229% from 0.00051%
- Effective 2 August 2021, Hong Kong Stamp duty increased from 0.1% to 0.13%
- Effective 30 July 2018, purchase of stock incorporated in Italy companies. The Italian FTT charges are reduced to 0.10% from 0.20%.
- Effective 1 June 2018, 6% of MY GST on M’sia Comm & Clearing Fee is no longer applicable.
- Effective 1 January 2017, the French Financial Transaction Tax (FTT) is 0.3% of the cost of acquired securities and is applicable for purchases of American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) of France incorporated companies.
- Effective 1 November 2014, Hong Kong Trading Levy is reduced to 0.0027% from 0.003%.
- Note: The management reserves the right to revise the above commission without prior notice.
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Q3. What are the trading hours and settlement date for the different exchanges?
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Countries
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Singapore
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Malaysia
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Hong Kong
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USA
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Indonesia
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Thailand
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Exchanges
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SGX
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Bursa Malaysia
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HKSE
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NASDAQ/NYSE/
AMEX
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IDX
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SET
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Trading Hours
(Singapore Time)
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9:00am-
12:00pm
1:00pm-
5:16pm^
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9:00am-
12:30pm
2:30pm-
5:00pm
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9:30am-
12:00pm
1:00pm-
4:10pm
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9:30pm-
4:00am
10:30pm-
5:00am*
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Mon-Thurs:
10:30am-
1:00pm
Friday:
10:30am-
12:30pm
Mon-Thurs:
2:30pm-
5:00pm
Friday:
3:00pm-
5:00pm
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11:00am-
1:30pm
3:30pm-
5:40pm*
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Settlement Date
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Trade Date+2
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Trade Date+2
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Trade Date+2
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Trade Date+2
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Trade Date+2
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Trade Date+2
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^ Random Closing
- Effective 29 April 2019, the settlement cycle for Malaysia will be shortened to T+2 instead of T+3
- Effective 10 December 2018, the settlement cycle for Singapore will be shortened to T+2 instead of T+3
- Effective 5 September 2017, the settlement cycle for US will be shortened to T+2 instead of T+3
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Q4. When are my trades due for payment?
Your trades are due for payment on the due date of the purchase contract. Payment must reach CGSI by the due date of the contract. For example, for SGX listed shares, your trades will be due on Trade Date + 2.
If you are utilizing your shares from "Buy" trades to deliver for your "Sell" trades that are bought through another Broker for SGX trades that are due on half trading day (eve of holiday e.g. Christmas Eve) and full day trading, we must receive payment by T + 2 (EPS by T +1) and 10.30 a.m. on T +2 respectively.
Q5. What will happen if I miss payment for the SGX listed shares purchased?
Under SGX-ST Rules 9.4 - All buying clients are required to pay for all purchase contracts on/by the Due Date (D). CGSI reserves the right to force-sell the unpaid shares on D+1. Clients will have to bear all cost and losses resulting from such forced-sale transactions. Clients must not effect the force-sell themselves which must be left to the company. In the event that the outstanding purchase is sold twice, one by you and the other by the company, you will have to bear all cost and losses relating to such forced-sale(s).
Q6. Will I be charge interest on overdue contra losses or overdue contracts?
| |
Interest Free Period |
Interests Rates |
| On Overdue Contra Losses |
S* + 7 calendar days |
8.50% |
| On Overdue Contracts |
D+5 business days |
S*: Sales (Contra Date)
Q7. When do I get paid for my sales transactions?
Sales proceeds due to you will be paid on the day following the due date of the sales contract in accordance to the settlement mode that you have chosen.
Q8. What are the settlement modes available for settling my shares transactions?
To facilitate settlement of your shares transactions, you may choose from any of the following settlement modes:
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 PayNow NEW |
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You can use PayNow to settle your shares transactions.
1. Log in CGS iTrade
2. Go to Account > Account Summary, select Contracts Statements or Contra Statements
3. Click on the Pay button for any Debit contracts with SGD settlement currency
4. Scan the QR code and complete the transaction using PayNow
Note:
i. PayNow is currently only available for SGD settlement currency.
ii. Payment done before 4pm will be received on the same day. Any payment done after 4pm will be received on the next working day.
|
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Cheque |
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For settlement of your shares purchases/contra losses, please note the following changes:
- We have ceased to issue cheque with effect from 13 April 2020. Hence for sales proceeds/contra profits, you will have to opt for other mode of settlement.
- We will no longer accept SGD or Foreign currency cheques (except USD) for trade settlements from 1 October 2022.
Clients may deposit USD denominated cheques at any UOB branch cheque deposit box island-wide. Please indicate CGSI SG Virtual Account Number, as well as the "account number or payment reference" field on the back of the cheque as follows:
Virtual Account Number = Biller Code + Customer CGSI Trading Account number
Biller Code for USD payments = 86033
If your Account Number = 0038520
Virtual Account Number = 86033-0038520
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Electronic Payment for Shares (EPS) |
| |
This is an automated payment scheme for share transactions introduced by the member companies of the Singapore Exchange Limited and the NETS member banks. When you opt for this service, you can electronically transfer funds from your designated bank account to CGS for payment of your share purchases. For sales proceeds, it will be automatically credited to your designated bank account.
|
| |
GIRO |
| |
The GIRO facility provides you with the convenience for settling your shares transactions through your bank account (available to only savings or current account holders of DBS, POSB, UOB Bank and StarSaver account holders of CIMB Bank). Your bank account will be automatically debited or credited for share purchases or sales, respectively, when you transact through CGSI.
| New Giro Settlement |
| Purchase Contract |
| Share purchases will be auto-debited from the client’s account on D+3 |
| Client can contra up to D+1 for US; D+2 for SGX, BURSA and HKSE. |
| Sales Contract (No Charge) |
| Sales Proceed will be auto-credited on D+1 |
|
| |
Internet Banking Bill Payment Facility |
| |
The Internet Banking Bill Payment Facility provides you with a simple, hassle-free and secured option of settling your share purchases worldwide via the Internet. This payment service is available 24 hours a day, 7 days a week, allowing you to initiate payment transactions anytime from the comfort of your home or office on or before due date (e.g. T + 2 for Singapore market). Share purchases are settled electronically upon your authorisation via the Internet.
For further information, you may like to contact the respective participating banks on the facility.
| DBS/POSB Bank |
1800-111 1111 |
| MayBank |
1800-629 2265 |
| OCBC Bank |
1800-363 3333 |
| Standard Chartered Bank |
1800-747 7000 |
| UOB Bank |
1800-222 2121 |
Multi-currency Trust Account
You are encouraged to open a multi-currency trust account maintained with CGSI to facilitate settlement of your shares transactions on due date. The acceptable currencies are SGD, AUD, HKD, MYR, USD, GBP, RMB and JPY.
|
| |
Phone Banking Bill Payment Facility |
| |
This is a facility where payment for your shares transactions can be effected via your designated bank's Phone Banking facility. Payment for your shares purchases must be made on and before the Due Date of the purchase contract.
|
| |
Telegraphic Transfer |
| |
You may remit funds to CGS for settlement of your shares transactions or deposit to your Multi-currency trust account. For CGSI's bank details on remittance, please contact us at 1800 538 9889 or email to clientservices.sg@cgsi.com. Please note that the amount received may be less than the amount originally remitted by you as the remitting/agent bank may impose remittance charges. Similarly, you may give instructions for your sales proceeds to be remitted to a bank of your choice. Please note that there may be charges levied for outward remittance.
For click here for Bank Details for Remittance
|
Q9. How do I settle my foreign shares transactions?
You can choose to settle in SGD or in the traded currency. If you choose to settle your foreign trades in SGD, please inform your Trading Representative at the onset. For SGD settlement, you can settle with , EPS, GIRO or Multi-currency Trust Account. Settlement in SGD, AUD, HKD, MYR, USD, GBP, RMB and JPY can be made via Multi-currency Trust Account, telegraphic transfer. If you have placed your order online through CGS iTrade, simply click "Traded Currency"..
Q10. How are contra transactions effected to minimise foreign exchange exposure?
If you have the intention to contra, do not request for the buy contract to be settled in SGD. The sell contract should also remain in the traded currency. The sell contract will then be set-off against the buy contract to generate the contra gain or loss. Only the contra gains or losses will be converted to SGD.
Q11. If I choose to settle my foreign shares transactions in SGD, what would be the exchange rate?
The exchange rate would be determined at the time your order is executed; online or offline (when you place your orders with your Trading Representative you need to inform your Trading Representative your preferred settlement currency). If you decide to change the settlement currency after the order is executed, you may call your Trading Representative or our Call Centre to book an exchange rate. You may also visit our cashier to pay in SGD and the rate will be determined at the point of payment.
Q12. Are there capital controls in place on repatriation of (Ringgit) RM pertaining to shares transactions?
There are still capital controls in place for repatriation of RM if you wish to withdraw RM from a Malaysian Bank and have it remitted back to Singapore. For any withdrawal of RM, you will be required to produce documentary proof such as contract notes to support the repatriation. However, if you choose to be paid in SGD, CGSI will automatically provide the documentary proof for the repatriation of RM.
Q13. What is amalgamation?
Amalgamation allows you to combine multiple trades into one trading contract with an average traded price.
Q14. How are my trades being amalgamated?
For the eligible exchanges stated above, your orders will be amalgamated on the following conditions:
- Same trading account
- Trades done on the same trading day
- Same counter
- Same trading side (Buy or Sell)
- Same settlement mode (offline or online)
- Same settlement currency
- Same trading channel/platform
Q15. What is Direct Crediting Service (DCS)?
DCS allows us to credit your dividends directly to your Designated Bank Account instead of issuing a cheque. The handing fee will be S$5.00 instead of S$10.00. DCS will apply only to your Singapore dollar dividends from foreign securities (i.e. listed outside of Singapore) held in our custody.
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