FAQ

SGX Markets

Opening An Account With limtan.com.sg
  • 01. What is limtan.com.sg?

    It is an online share trading system specially designed to give investors total control over their investment decisions. Investors can place their orders and make account enquiries at their own convenience, at any time and from any location. Investors can access the same limtan.com.sg Online Trading account using the Internet.

  • 02. What are the brokerage charges?

    Online Trading Rates

    Contract Size Rates* Effective Rates* (Less 5% Mileage)
    Minimum $25   $23.75
    Up to $50,000 0.28% 0.266%
    > $50,000 - $100,000 0.22% 0.209%
    > $100,000 0.18% 0.171%

    * Subject to Changes

    Advisory Trading Rates

    Contract Size Rates*
    Minimum S$40  
    Up to $50,000 0.50%
    > $50,000 - $100,000 0.40%
    > $100,000 0.25%

    * Subject to Changes

    Shares traded on SGX under Clob International

    Contract Size Rates*
    Settlement in AUD Settlement in HKD Settlement in USD  
    Up to AUD50k Up to HKD200k Up to USD25k 0.28%
    >AUD50K to AUD100K >HKD200K to HKD400K >USD25K to USD50K 0.22%
    >AUD100K >HKD400K >USD50K 0.18%;
    Minimum Brokerage     AUD25 HKD100 USD12.50

    * Subject to Changes

    Additional charges:

    SGX Trading Fees1(Contract Value x 0.0075%)
    CDP Clearing Fees2 (Contract Value x 0.0325%)
    GST ((Brokerage + Trading Fees + Clearing Fees) x prevailing GST rate)

    1except for Structured Warrants which will be at 0.0001% of trade value.
    2except for Structured Warrants which will be at 0.004% of the contract value with no cap.

    SGX will waive Clearing Fees for all Exchange Traded Funds (ETFs) traded on SGX from 1 June - 31 December 2015

    Please click here to download a copy of the Schedule of Charges.

  • 03. What are the securities clearing fee?

    Securities Clearing Fee

    The Securities Clearing Fee* is at 0.0325% of the contract value subject to a maximum of S$600. Fee structure is applicable to all trades (except futures, options and structured warrants) done on / after 12 February 2010.

    For non-S$ contracts, the equivalent maximum clearing fee cap shall be as follows:

    Settlement Currency Clearing Fee^ @ 0.0325%, subject to a maximum of
    Australia Dollar (AUD) AUD 470.00
    British Pound (GBP) GBP 265.00
    Canadian Dollar (CAD) CAD 455.00
    Euro (EUR) EUR 294.00
    Hong Kong Dollar (HKD) HKD 3,342.00
    United States Dollar (USD) USD 431.00
    Japanese Yen (YEN) YEN 38,363.00

    ^ Subject to Changes

    *except for Structured Warrants which will be at 0.004% of the contract value with no cap.

  • 04. Who can I call if I need help?

    Our Online Helpdesk (Tel: +65 6799 8188) is open from 8.30 am to 5.45 pm, Monday to Friday, to answer any questions you may have. Alternatively, you can fax us at +65 6538 7730 or email us.

  • 05. Who can open a limtan.com.sg online trading account?

    Anyone who is above 21 years old and with no record of delinquency can open a limtan.com.sg online trading account.

  • 06. How will I get my Login ID and Password?

    Password bearing 6 - 12 characters in alphanumeric will be issued by Lim & Tan Securities. For security reasons, please change the Passwords after your first successful login. Your Login ID and Password will be posted separately to your mailing address.

  • 07. What would I have to pay to open a limtan.com.sg online trading account?

    Opening an online trading account with limtan.com.sg is FREE.

  • 08. What is the Initial Deposit required?

    Waiver of deposit is subject to Management's approval.

    Foreigners will need to place a 50% collateral. For instance, a collateral of $1,000 will allow the foreign investor a trading limit of $2,000. Notwithstanding the deposit, the trading limit is still subject to Management's approval.

  • 09. What are the payment modes available?

    We accept payment via:
    Cash Cash payment can only be made at our Cashier Counter. Only Singapore Dollars are accepted for Cash payment. Opening hours: 8:30am to 5:45pm (Monday to Friday, excluding Public Holidays)
    Cheque Please make cheque payable to 'Lim & Tan Securities Pte Ltd'
    EPS For payments to Lim & Tan Securities, you can use Electronic Payment for Shares service (EPS) available at ATMs or through the banks' Internet Banking website. Payment due to you will be credited directly into your bank account. Available at: DBS/POSB, OCBC, UOB, Citibank, Maybank
    Download Application Form
    GIRO Outgoing payments and incoming funds are automatically directed to your bank account. Please ensure you have enough funds on the Due Date of the contract.
    Available banks: DBS/POSB, OCBC, UOB
    Download Application Form

    Click here for Frequently Asked Questions (FAQs) on GIRO
    Bill Payments Bills Payment service is only for payments and available on the Internet Banking services with selected banks. Available banks: DBS/POSB, Maybank, OCBC, Standard Chartered, UOB.
Trading Matters
  • 01. What are the bid sizes? (w.e.f. 13 November 2017)

    Scales of minimum bids for SGX Shares except preference shares, structured warrants, exchange traded funds, exchange traded notes, bonds, debentures, loan stocks, along with HK$ and JPY dominated stocks.

    Products Price Range ($) Minimum Bid Size ($) Forced Orders (Bids)
    Stocks (excluding preference shares), Real Estate Investment Trusts (REITS), business trusts, company warrants and any other class of securities or Futures Contracts not specified in the rows below Below 0.20
    0.20 - 0.995
    1.00 and above
    0.001
    0.005
    0.01
    +/- 30
    Structured warrants Below 0.20
    0.20 - 1.995
    2.00 and above
    0.001
    0.005
    0.01
    +/- 30
    Exchange traded funds and exchange traded notes All 0.01 or 0.001 as determined by SGX-ST +/- 30
    Debentures, bonds, loan stocks and preference shares quoted in the $1 price convention All 0.001 +/- 30
    Debentures, bonds, loan stocks and preference shares quoted in the $100 price convention All 0.001 +/- 1,000

    Hong Kong Dollar Minimum Bids Schedule
    Products Price Range (HK$) Bid Size (HK$) Forced Orders (Bids)
    Securities denominated in Hong Kong Dollar Below 0.25 0.001
    0.25 - 0.495 0.005 +/- 10
      0.50 - 9.99 0.01  
      10.00 - 19.98 0.02  
      20.00 - 99.95 0.05  
      100 - 199.90 0.10  
      200 - 499.80 0.20  
      500 and above 0.50  

    Japanese Yen Minimum Bids Schedule
    Products Price Range (JPY) Bid Size (JPY) Forced Orders (Bids)
    Securities denominated in Japanese Yen Below 2,000 1
    2,000 - 2,995 5 +/- 10
      3,000 - 29,990 10  
      30,000 - 49,950 50  
      50,000 - 99,900 100  
      100,000 and above 1,000  
  • 02. Can I sell shares that I have previously bought elsewhere through limtan.com.sg?

    Yes, you may so long as the shares are recorded in the free balance of your Securities Account with CDP.

  • 03. What are Pre-Open, Pre-Close and Non-Cancel Periods? (W.E.F. 13 November 2017)

    Pre-Open during Opening Routine
    It is a 30-minute session before regular trading starts at 0900 hrs.

    During the Pre-Open Period which starts at 0830, buy and sell orders can be entered, amended or withdrawn. They will not be matched and executed during this period.

    Pre-Open during Mid-Day Break
    Mid-Day break is a 60-minute session between 1200-1300 hrs.

    During the Pre-Open Period which starts at 1200 to 1258-1259 hrs, buy and sell orders can be entered, amended or withdraw. They will not be matched and executed during this period.

    Pre-Close
    At 1700 hrs (for normal day trading) or 1200 hrs (for half-day trading), all unmatched orders are carried forward to the Pre-Close Period.

    Orders can be entered, amended or cancelled during the Pre-Close Period which starts at 1700 for normal day trading or 1200 for half-day trading.

    Non-Cancel
    The Non-Cancel Period will begin simultaneously with the end of the Pre-Open and Pre-Close period. (Please refer to Q4 for the time that the Pre-Open and Pre-Close Periods ends)

    During the Non-Cancel Period, input, amendment and withdrawal of orders are not permitted. Orders that are matched are executed at a single computed price, which will be the same as or better than the price at which the orders are entered. This computed price shall be the opening price for the day. Unmatched orders will be carried forward into the regular trading session.

  • 04. What are Random endings to the Pre-Open & Pre-Close phases of the Opening Routine, Mid-Day Break & Closing Routine?

    SGX has implemented Random Opening & Random Closing to improve market transparency and to safeguard trading.

    The timing of the end of Pre-Open and Pre-Close phases of trading are random. Random endings means that the end of the Pre-Open and Pre-Close phases will take place at anytime within a one-minute period of the time frame currently allotted for the phase. This is to prevent opening and closing prices from being manipulated from the sudden entry or withdrawal of large orders.

    The Pre-Open phase would end at any time from 8:58am to 8:59am and any time from 12:58pm to 12:59pm. The Pre-Close phase would end any time from 5:04pm to 5:05pm for full-day trading or 12:04pm and 12:05pm for half-day trading.

    An example taken from SGX on the time view of the random closing in SGX Reach is shown. This example is for a normal trading day where matching happens 30 seconds into the random period of time. Non-Cancel session thus, starts at 5:04:30pm.

    The varying time period protects the integrity of the closing price against the impact of sudden large entry and withdrawal orders.

  • 05. What is Indicative Equilibrium Price (IEP)?

    The indicative equilibrium price (IEP) is the price at which orders would be executed if auction matching were to occur at that point.

    IEP acts as an indication of the eventual Opening or Closing price, which help investors assess the market demand and supply conditions and allow adjustments of orders accordingly.

  • 06. Will SGX trading system check and match my order placement?

    The SGX trading system will not check for:
    a) Buy order price being higher than Seller's price
    b) Sell order price being lower than Buyer's price
    Orders fulfilling these criteria will now be sent to the Order Book for matching.

    As an example:

    Assume the current Bid/ Ask for Singtel is: $3.51/ $3.52.
    If a client keys to buy 50K Singtel shares at $3.55, depending on available volume, the order will be filled from $3.52 up to a limit price of $3.55 without further warning or message. If there is sufficient sell volume queuing at $3.52, the buy order will be completely matched at $3.52. If there is insufficient queue volume to complete this buy order even at $3.55, the balance quantity will be left on queue at $3.55.

    Similarly, if a client attempts to sell Singtel at $3.48. The order will be filled from $3.51 down to a limit price of $3.48 depending on the available volume until the sell order quantity is completely filled.

  • 07. Are there any trade restrictions?

    Singtel A, Singtel 2 and any related bonus shares cannot be traded through the online trading system. In addition, the odd-lot and the buy-in markets are also not available.

  • 08. What is 'Amalgamate'?

    With the auto-amalgamate feature, orders are combined based on your average traded price. This will allow you to save on your brokerages.

    Conditions for auto-amalgamate

    Trades must be done on the same trading day

    Trades must be of the same stock

    Trades must be of the same action (A buy action can be amalgamated with another buy action regardless of the trading mode)

    The trade must be done through the same account

    Payment mode must be the same (whether cash, CPF or contra)

    Settlement currency must be the same

  • 09. What is a Unit Share Market?

    The Unit Share Market, also known as the Odd Lot Market, allows clients to trade counters in quantities less than the standard Board Lot for the counter. The minimum trade amount is 1 share. Currently, Unit Share Market is only available for SGX listed counters.

    Click here for more details.

  • 10. What are circuit breakers?

    SGX will be introducing circuit breakers as an additional market safeguard on 24 February 2014.

    With circuit breakers, investors will have time to assimilate incoming information and make informed choices during periods of high market volatility. The intention is to provide investors with time to make considered decisions when price movements are sharp.

    Click here to view the FAQ.

  • 11. How will I know if a circuit breaker is triggered for a particular counter?

    If a circuit breaker is triggered for a particular counter, CIRB/CIRH will be displayed under column Rmk. You may click on CIRB/CIRH for information on the Reference Price, Upper and Lower Circuit Breaker Price as well as the Start and End time of cooling-off Period.

  • 12. How is the closing price of ETFs computed?

    SGX launched a new closing price methodology for ETFs on 24 February 2014.

    A daily closing price will be computed by SGX for all SGX-listed ETFs based on a pre-defined methodology and published at the end of each market day. The closing price for ETFs will reflect prevailing market conditions closely. With this enhancement, investors of ETFs will have an up-to-date closing price for making investment decision and portfolio valuation. Accordingly, the closing price for ETFs will be used as a reference price in market safeguards such as Dynamic Circuit Breaker and Error Trade Policy, and for margining of ETF transactions and in determining forced order range.

    Click here to view the FAQ.

  • 13. What are Advanced Orders?

    Please click here for more information on Advanced Orders.

Dual Currency Trading
  • 01. What is Dual Currency Trading?

    Starting 2 April 2012, SGX introduces dual currency trading for selected securities counters. This will provide investors an option to trade in two different currencies for any of the selected securities counters.

    With this new functionality, the listed security can now be traded in two different currency denominations (eg: USD and SGD). This means that investors can now trade securities in SGD for securities that are listed in a foreign currency. They can also trade the listed security in both currencies without the need to have separate unit holdings as the shares / units holdings will be consoliated and custodised at CDP.

    For more information on dual currency trading, please click here.

  • 02. What are the settlement currencies available?

    The default settlement currency is the traded currency. For a US$ or RMB listed security, you can choose to pay in their respective currency or S$. If you opt for settlement in a different currency from the listed security counter, the conversion will be done at the Company's prevailing exchange rate. This could result in a price difference if you had purchased the security counter listed in the other currency.

    For S$ of the same counter, you can only pay in S$.

    Example: If you buy HPH US$ and opt for S$ settlement, the settlement will be converted at the Company's prevailing exchange rate. This settlement amount may be different if you had purchased the same number of shares of HPH S$.

  • 03. What are the things I have to take note for RMB Settlement?

    - Open an RMB a/c with any Singapore registered banks if you do not already have one
    - Payment is by telegraphic transfer (TT) to LTS' Standard Chartered Bank Account. Please check with your Trading Representative for details. Do remember to factor in the TT charges that will need to be paid by you.
    - RMB cheques or cash will not be accepted by LTS
    - For sales proceeds and contra gains, these will be TT to your stipulated bank account in Singapore. The relevant TT charge will also be borne by you.
    - FX rates will be updated on a daily basis
    - An RMB trust account will be set up for RMB settlement or for conversion to S$. No interest will be given for placement of RMB in the trust account

    Only applicable for RMB Offshore banking customers

  • 04. Can I contra my purchase?

    Contra can only be done if the settlement currency for both buy and sell contracts are the same.

  • 05. How will contracts of Dual currency tradeable counters be reflected on my Portfolio page in my Online Trading Account?

    Portfolio entries will be based on the primary currency (Eg: HPH Trust is US$). As such contracts in S$ will be converted to the primary currency using an exchange rate determined by the Company. Do note that this may affect your weighted average cost.

CPF/ SRS Trading
  • 01. Can I use my CPF funds to trade online?

    Yes, you can. However, please note the following important conditions when using CPF funds to invest: -

    Sufficient Funds/ Shares
    Ensure that you have sufficient funds in your CPF Investment Account before you trade. If you are not sure of the balance you have for investing in stocks and shares, please check with your CPF custodian bank. Purchases will be revoked if there are insufficient funds in your CPF Investment Account. Your purchases may be "force-sold" and you will be liable for any losses that may arise.

    When selling shares from your CPF Investment Account, please ensure there are sufficient shares in free balance in the account. If there are insufficient shares in your CPF Investment Account, the shortfall in quantity will be revoked and subject to buying-in by the SGX.

    Authorization to settle CPF transaction
    From 1 March 2000, investors who transact shares using CPF funds need only give a one-time authorization to their agent banks and the CPF Board for the settlement of transactions. Please remember to provide the CPF Investment Account to your Trading Representative or our Online Trading Helpdesk at +65 6799 8188 prior to your first CPF trade through the Online Trading account.

    If you have forgotten to do so, the latest time for submitting your CPF Investment Account is by 5.15pm on Trade date. Otherwise, your CPF trade will be revoked and converted to a Cash trade.

    Use of CPF funds for Investment
    Investors should use the funds in their CPF Investment Account for investment only. No contra trading is allowed for transactions using CPF funds.

    Changes in CPF Investment Account
    Please update us of any changes in your CPF Investment Account. You may inform your Trading Representative or our Online Trading Helpdesk at +65 6799 8188.

  • 02. Can I use my SRS funds to trade online?

    Yes, you can. However, please note the following important conditions when using SRS funds to invest: -

    Sufficient Funds / Shares
    Ensure that you have sufficient funds in your SRS Account before you trade. If you are not sure of the balance you have for investing in stocks and shares, please check with your SRS Operator bank. Purchases will be revoked if there are insufficient funds in your SRS Account. Your purchases may be "force-sold" and you will be liable for any loses which may arise.

    When selling shares from your SRS Account, please ensure there are sufficient shares in free balance in the account. If there are insufficient shares in your SRS Account, the shortfall in quantity will be revoked and subject to buying-in by the SGX.

    Update of SRS Account prior to first SRS trade through Online Trading Account
    Please remember to provide the SRS Account and Operator bank to your Trading Representative or our Online Trading Helpdesk at +65 6799 8188 prior to your first SRS trade through the Online Trading account.

    If you have forgotten to do so, the latest time for submitting your SRS Account is by 5.15pm on Trade date. Otherwise, your SRS trade will be converted to a Cash trade.

    Use of SRS funds for Payment of Share purchase
    Investors should use the funds in their SRS account for investment only. No contra trading is allowed for transactions using SRS funds.

    Changes in SRS Account/ Operator
    Please update us of any changes in your SRS Account/ Operator bank. You may inform your Trading Representative or our Online Trading Helpdesk at +65 6799 8188.

  • 03. Can I amend my CPF / SRS trades after they are fulfilled?

    Yes you can. However, please note that all amendments for CPF / SRS trades can only be done Trade Date itself. Amendment requests on T+1 market day (before 10am) will be subjected to the CPF / SRS agent bank's approval and their processing fees.

  • 04. What are the new restrictions on the CPF Investment Scheme (CPFIS) from 1 April 2008?

    With effect from 1 April 2008, you will not be able to invest the first $20,000 in your Ordinary Account and first $20,000 in your Special Account. Please click here to read more.

  • 05. What happens when my CPF / SRS trades are revoked by my agent bank?

    Possible reasons for revocation of CPF / SRS trades to Cash trades

    exceed the 35% stock limit for CPF

    have insufficient funds in CPFIS and/or SRS accounts

    counter is not approved under CPFIS

    do not have the stockholding in the CPFIS and/or SRS accounts (for sell trades)

    Payment for shares which are revoked

    Please pay us as per a CASH contract by T+3, to avoid any selling out of your shares.

    Otherwise, please sell the shares as a CASH trade within the contra period.

    For GIRO clients, payment due will not be automatically deducted from your bank account. Please call our Helpdesk if you would like the revocation to be deducted via GIRO. Please note that this is applicable only for full revocation.

    Sale of your shares which have been revoked
    Please sell your revoked shares as a CASH trade

    Portfolio Management
    Trades that have been revoked from CPF to Cash will not be reflected in your portfolio automatically. Please refer to the following instructions to amend your online portfolio manually.

    (For full revocation of CPF trade to Cash trade)
    1) Please delete the CPF trade from your portfolio management.
    2) Select "Add Contracts" and fill in the relevant information, selecting "cash" for payment type.

    (For partial revocation of CPF trade to Cash trade)
    1) Please delete the CPF trade from your portfolio management.
    2) Select "Add Contracts" and add in the 2 contracts of CPF trade and Cash trade separately

Short-Sell & Buying-in by SGX
  • 01. Definition of Short Selling

    Short-selling of securities is:

    a. The sale of securities that a seller does not own at the time of the sale.

    b. May either be ‘Covered’ or ‘Uncovered/Naked’ Short Selling ‘Covered’ Short Sell ‘Uncovered/Naked’ Short.

    We would like to stress that short-selling is not encouraged.

    Please click here for the Securities and Futures Act - Guidelines on Short Selling Disclosure.

  • 02. How do I mark a short sell on my sell order?

    For cash trading on SGX, there are 3 indications for the type of order you are placing: Buy, Sell & Short Sell. You are required to mark if it is a Sell or Short Sell order based on what you know about your position. This is not applicable for CPF, SRS and Margin trades as you are not allowed to short these products.




  • 03. How will I know the quantity of shares that I own? Will my Trading Representative be able to confirm if I have indicated correctly?

    You can check your holdings with CDP. Your Trading Representative will not be able to confirm if you have indicated correctly as he does not have full access to your holdings in CDP.

  • 04. If I do not own the full quantity of securities to be sold, do I place 1 sell order or 2 separate sell orders?

    If you do not own the full quantity of securities to be sold, you will need to enter 2 separate sell orders, with the short sale order marked accordingly. One order is for the portion that you own in full (normal sell order) and the other order is for the portion that you do not own (short sell order).

    Example

    If you own 5,000 shares but would like enter an order for 8,000 shares, you will need to enter 2 orders, ie one normal sell order for 5,000 shares and another Short Sell order to sell 3,000 shares.

  • 05. WHEN SHOULD I INDICATE MY SELL ORDER AS A SELL AND WHEN AS A SHORT SELL?

    The marking of your sell orders should be based on what you know about your positions at the time of order entry.

    Example

    (a) A client holds 5,000 shares of Stock A. He puts in a sell order for 5,000 shares of Stock A. This is a normal sell order. He also puts in a buy order for 3,000 shares of Stock A.

    (b) Subsequently he enters a sell order for 2,000 shares of Stock A. At the point where he enters the sell order, the buy order for 3,000 shares of Stock A has not been filled. The client should mark this sell order as a Short Sell Order.

  • 06. What if I have indicated the wrong sell order type?

    If your order has been submitted but not fulfilled, you will have to withdraw your order and enter a new order.

    If your order has been fulfilled, please contact your Trading Representative by 4pm, Trade Date + 1

    Please note that you are expected to accurately disclose the nature of your sell orders. Any delibrate wrongful marking of sell orders may be construed as intent to manipulate the market or false reporting to the exchange and both are offences under Section 330 (1) of the Securities and Futures Act.

  • 07. What happens when I short-sell?

    Effective Settlement Date: 14 December 2009

    Effective Settlement Date: 14 December 2009 If you are unable to cover back the short position on the same trading day, and if you do not have existing shares in the free balance of your CDP account by 12pm on Trade Date +3 (Half-working Day: 8pm, on Trade Date +2), SGX regards the sale transaction as a short-sell and conducts a buying-in at 3pm, Trade Date +3. (Half-working day: 11am, Trade Date +3)

  • 08. What is the penalty imposed by SGX for failed delivery?

    Effective Settlement Date: 14 December 2009

    If the buying-in is completed by SGX at the end of Trade Date +3, no penalty will be imposed. However, if the buying-in by SGX is unsuccessful on Trade Date +3, SGX will continue on Trade Date +4 and Trade Date +5. A penalty, of the higher of S$1000 or 5% of the value of the failed trade not bought in will be imposed.

  • 09. When will the penalty not be imposed?

    With effect from settlements due on Monday, 29 February 2016, SGX will not impose a penalty if both the following criteria are met: (1) the failed contract value is SGD$10,000 and below; and (2) the end-client has not failed to deliver securities before.

  • 10. What is the buying-in processing fees and the brokerage charged by SGX for failed trades?

    SGX imposes a processing fee of S$75 + GST for each failed contract and charges a brokerage fee for buying -in contract at 0.75% + GST of contract value.

  • 11. How is buying-in conducted by SGX for a short position?

    With effect from 22 April 2013:
    SGX conducts buying-in on each market day, in the Buying-in Market, from 3pm - 5pm (Half-working day: 11am - 12.30pm). SGX publishes on its website daily at 2.30pm (Half-working day: 10.30am), a list of shares to be bought-in.

    The buying-in bid price, as determined by CDP, will be 2 minimum bids above the highest of the following:
    (a) the closing price of the previous day;
    (b) the reference transacted price,
    (c) the reference bid price; and
    (d) in respect of a contract made in the buy-in market on the previous Market Day for which delivery failed, the transacted price of that contract.
    The reference transacted price and the reference bid price will be any of the last transacted prices and bid prices within the 1 hour preceding the commencement of buying-in, as determined by CDP.

    Where necessary, CDP shall have the discretion to make adjustments to any of the prices to cater for corporate actions on the particular security.

    If the securities are not obtained after the commencement of buying-in, CDP shall have absolute discretion to raise the buying-in price bid by 2 minimum bids, as determined by SGX-ST, from the following, in order to facilitate the successful buying-in of the securities:
    (a) the prevailing buying-in bid price;
    (b) the transacted price in the ready market; or
    (c) the bid price in the ready market,
    at such time as determined by CDP, from time to time throughout the buying-in session until the securities are bought or delivered to CDP.

    If the securities cannot be obtained during the Settlement Day and unless the securities are withdrawn from buying-in, the buying-in shall continue on the following Market Day with the buying-in bid price at the commencement of buying-in and CDP shall have absolute discretion to raise the buying-in bid price after the commencement of buying-in.

    SGX will publish on its website the list of shares it had bought-in, the volume and dollar value at 8.30am the following market day.

  • 12. What happens if SGX is unable to complete the buying-in and requires Lim & Tan to procure the shares?

    In the event that SGX is unable to buy-in the shares by Trade Date +4, CDP may require Lim & Tan Securities to procure the securities by Trade Date +9 or within the time stipulated by CDP, whichever is earlier. If procurement by Lim & Tan Securities is unsuccessful, a penalty of $5,000 for each day a sell contract is overdue, shall be borne by the client.

Trust Account
  • 01. Will there be interest credited to credit balance in my Trust Account?

    Interest (if any) will be computed on a daily basis and credited at the end of the month. Where applicable, we will pay interest at our published interest rate, calculated on daily balances. For avoidance of doubt, the published interest rate is determined by us, and subject to change from time to time at our sole and absolute discretion.

    The current published SGD interest rate is 0.80% p.a.

    Please note that there is a monthly administrative fee applicable. The maximum monthly administrative fee per account is S$1/- (prevailing GST rate is applicable). If the interest earned for the month is less than this amount, the administrative fee for that month will be restricted to the lower of, the interest earned or S$1 + GST.

  • 02. How do I withdraw the funds from my Trust Account?

    To withdraw your funds, click on "Account Mgmt" on the navigation menu and click on "Trust Account Withdrawal". Please click here for a step by step withdrawal guide.

    Please note that this online service is only available for CASH accounts. For Margin and CFD withdrawals, please contact your Trading Representative.

  • 03. Is the withdrawal request subject to further approval before it is processed?

    Yes. This is subject to your Trading Representative's review and approval.

  • 04. How can I check the status of my withdrawal request?

    Your withdrawal request will be processed within 3 working days. You can refer to "Withdrawal Transaction History" located at the bottom of the page for the updated status of your request.