FOREIGN MARKET FAQ
   
Online Foreign Market Brokerage Rates
Account Opening
Trading Limit
Trading
Settlement of Shares
System Requirements

Online Foreign Market Brokerage Rates Back to top
 

Australia
Commission 0.8%
Minimum Commission S$70
Remittance Charge AUD$25

China "B" (Shanghai)
Commission 0.95%
Minimum Commission S$80
Stamp Duty 0.30%
Service Charges 0.15% (min US$35)

China "B" (Shenzhen)
Commission 0.95%
Minimum Commission S$75
Stamp Duty 0.30%
Service Charges 0.15% (min US$35)

Indonesia Market
Commission 0.75%
Minimum Commission S$80
VAT 10% x Commission
Transaction Levy Rate 0.043%
Remittance Charge IDR 200,000

Note:

Additional Tax of 0.1% imposed on sale proceeds

Japan
Commission 0.8%
Minimum Commission S$70
Remittance Charge Yen 1,500

Korea
Commission 1%
Minimum Commission S$90
Remittance Charge WON 30,000

Note:

Sales: Additional Sales Tax of 0.3% imposed on sales proceeds (for board lot) and 0.5% imposed on sales proceeds (for odd lot)

Philippines
Commission 1.0%
Minimum Commission S$80
VAT 12% x Commission
SCCP Fees Gross Amt x 0.01%
Remittance Charge PHP 1,000/trade

Note:

Registration fee of PHP 1,000/trade

Sales: Additional Sales Tax of 0.5% imposed on sales proceeds.

Depository Fee: Portfolio value x 0.00000833 (based on month end portfolio value)

Taiwan
Commission 0.8%
Minimum Commission S$100
Remittance Charge NTD 800
Transaction Fee NTD 1,500

Note:

Sales: Additional Tax of 0.3% imposed on sales proceeds

Custody Fee: Portfolio Value of 0.1%/12 (Based on month end portfolio value)

Thailand
Commission 0.7%
Minimum Commission

S$90
VAT

Gross Amount x 0.014%
Remittance Charge

THB 1,000





Q1 What should I do if I want to trade in Online Foreign Securities Markets? Back to top
 
For existing Lim & Tan Securities client

Complete the "Application For Access To Online Foreign Securities Markets Trading". Form can be downloaded here

For New Accounts

You can visit our main office or call our Online Trading Helpdesk (Tel: 6799 8188) to obtain a set of forms. The forms can also be downloaded here

Please note that for all existing and new clients, access to Online Foreign Securities Markets is subject to listed SIP qualifications and further permissioning and / or documentation. Please contact your Trading Representative or Online Trading Helpdesk for more information on SIP qualifications.


Q2 Can a US citizen be allowed to trade in US securities and securities from other Foreign Markets? Back to top
 
US citizens or residents are allowed to trade in other Foreign Markets but not in the U.S. Market.



Q3 Is there any processing fee required to open the account? Back to top
 
No. There is no processing fee for opening the account.



Q4 Can I use my limtan Login ID and password to access and trade in the Online Foreign Securities Markets? Back to top
 
No. You will be issued the following to enable you to access to Online Foreign Securities Markets:

Level 1 Login ID and Login Password
Level 1 will enable you to view your credit limit and your portfolio for foreign securities.

Level 2 Key Code
Level 2 is your trading access to foreign securities markets.


Q5 Can I make changes to any of the Login ID, Login Password and Trading Keycode? Back to top
 
Yes. You are recommended to change the Login Password and Trading Keycode for security purposes. However the Login ID is fixed and you will not be able to change it.


Q6 I have forgotten my Login ID / Password / Trading Keycode. What should I do? Back to top
dot
 
If you have forgotten your Login ID / Password / Trading Keycode, please click here to reset.

Password Reactivation - Please select this option if you are able to remember your existing password but have exceeded the number of times allowed to enter your password. Our Customer Service Officer will contact you once your password has been reactivated.

Password Reissue - Please select this option if you are unable to remember your password. Your old password will be permanently disabled and the new password will be mailed to your mailing address in our records.



Q7 Do I need to place any deposit for trading? Back to top
 
Yes , you need to place a deposit for Trading.


Q8 Are there any maintenance fee charges? Back to top
dot
 
There is a monthly account maintenance fee of US$2.50 imposed by our Foreign Broker. This fee may vary from time to time. There will be a waiver of fee if you have a minimum of one trade for that month, regardless of the contract size and share holdings in the sub-account.


Q9 What is the minimum deposit required for trading? Back to top
 
The minimum deposit required is S$5,000.



Q10 What will be my trading limit for the deposit placed? Back to top
 
The trading limit will be set at five times the amount placed as deposit for Online Foreign Securities Markets. For example, if the deposit is S$5,000, the trading limit will be S$25,000.



Q11 How can I increase my credit limit? Back to top
 
To increase the trading limit, you need to deposit additional funds.

For S$ : EPS/Cash/Cheque/Cashier's Order
For US$ : Cashier's Order or Personal Cheque drawn on any Singapore Bank.

Important : You must inform our Online Trading Helpdesk (Tel: 6799 8188) once you have sent the funds. There will be no intra-day increases in trading limits. Increase in the deposit will be in multiples of S$1,000.



Q12 What should I do if I want to utilize or withdraw my deposit? Back to top
 
Firstly, this will result in the corresponding reduction of the trading limit. This will also be possible only if the remaining deposit is sufficient to cover your open positions. For the remaining deposit, the trading limit will be based on the next lower thousand.

For example,

Initial Deposit S$10,000
Amount Withdrawn (S$2,450)
Balance Deposit S$7,550

For trading limit purposes, the deposit will be S$7,000 and the trading limit is S$35,000.



Q13 What is the trading limit for foreigner? Back to top
 
The trading limit will be set at 2 times the collateral.

For example, if the deposit is S$10,000, the trading limit will be S$20,000.



Q14 Is the price data live? Back to top
 
All HK quotes are delayed by at least 60 minutes. Quotes for all other markets are end-of-day quote.



Q15 How do I subscribe to the live price feed? Back to top
 
For HK market, the price range from HKD 240 to HKD 388.


To subscribe for live prices, please contact our Online Trading Helpdesk (Tel: 6799 8188) or email us at online@limtan.com.sg



Q16 How would I know what are the lot sizes for different stocks in the different markets? Back to top
 
When you do a code search for any preferred stock in any selected market, there will be a display of the lot size for that particular stock.



Q17 What are the different Order Types available? Back to top
 
Available Order Types include: Limit Order, Market Order, Stop Limit Order, Two-Way Sell Order, "Good Till Date" Order, Chain Order, Multi-Order and Managed Stored Order. For more information on each Order Type, please refer to Foreign Market Order Type Explanation



Q18 What is the Multi-Order Function? Back to top
dot
 
Using the Multi-Order function, you can place and submit up to 10 buy or sell orders simultaneously.
Please click here for Multi-Order function illustration.



Q19 How to place Multiple-Order(s)? Back to top
dot
 
  1. Click "Multi-Order" under the "Place Order" section;
  2. On the "Multi-Order / Manage Stored Order" page, enter the first order, then click [Add];
  3. To enter another order, just click [Add Order] or [Copy Order ID #1];
  4. Check all your orders on the list;
  5. Enter the Key Code, and click [Submit Order];
  6. Your orders are received by BOOM, and each order submitted has its own Order ID.

foreign1

foreign2



Q20 How do I know my order has been filled? Back to top
 
All partially/fully filled orders will be automatically updated under History. At all times, please attempt to check the actual quantity filled under History - status "Instruction executed" and "Closed". To check the History details of any order that has been successfully received by our system, please click on the order number of that order.

There is no amalgamation of orders for Foreign trades. All Buy orders of the same stock fulfilled on the same day will be treated as separate contracts and will be each charged the relevant brokerage. The same applies to all Sales orders of the same stock fulfilled on the same day.

Q21 Will I be able to amalgamate my Foreign trades? Back to top
dot
 
There is no amalgamation of orders for Foreign trades. Each fulfilled order will be treated as an individual contract and brokerage will be charged accordingly for each of the contracts. For example, two buy orders of counter X fulfilled on the same day will be treated as two separate contracts for brokerage calculation. The same applies for sell orders.

To minimise brokerage charges for foreign trades, please consider consolidating the quantities to buy or sell into as few orders as possible.



Q22 How do I know how much I need to pay? Back to top
 
Lim & Tan Securities Pte Ltd will issue contract notes for all filled trades and these will be mailed to you on T+1. Please check the contract notes for the settlement amount required.



Q23 What should I do if I need to place, withdraw or amend some orders urgently but have no access to my computer? Back to top
 
Please contact your remisier or our Online Trading Helpdesk directly at Tel: 6799 8188 if our website or trading system is experiencing any technical problems resulting in you unable to access our website or place any orders. All other reasons causing your failure to trade will be assessed on a case-by-case basis.



Q24 What are the Settlement Dates for the various Foreign Securities Markets? Back to top
 
  AUSTRALIA CHINA "B" INDONESIA JAPAN KOREA PHILIPPINES TAIWAN THAILAND
BUYT + 3 T + 2T + 2T + 3T + 1T + 3T + 1T + 3
SELLT + 3 T + 3 T + 4T + 3T + 2T + 3T + 2T + 3

"T" denotes the Transaction Date. For e.g. If you purchase HK shares on Monday (T day), the due date for your contract is on Wednesday (T + 2). However, if the due date coincides with a Singapore public holiday, the due date is the subsequent market day.



Q25 What are the Trading hours for each market? Back to top
 
CountriesMonday - Friday (Singapore Time)
 Morning SessionAfternoon Session
Australia0700 - 1300 (Day Light Saving Hours)
0800 - 1400 (Normal Standard Hours)
China "B"0930 - 11301300 - 1500
Japan0800 - 10001130 - 1400
Korea0800 - 1400
Philippines0930 - 1200
Taiwan0900 - 1300
Thailand1100 - 13301530 - 1730
 Monday - Thursday (Singapore Time)Friday (Singapore Time)
Indonesia10.30 - 13.00, 14.30 - 17.0010.30 - 12.30, 15.00 - 17.00




Q26 When do I make payment for my purchases? Back to top
 
All purchases must be settled by due date.



Q27 How will I know how much is the settlement amount? Back to top
 
You will receive a Contract Note from Lim & Tan Securities on Trade Date +1.



Q28 What is the settlement currency for my purchases and sales? Back to top
 
The settlement currency for both purchases and sales will be settled in S$.



Q29 Can I settle in other currency besides S$? Back to top
 
Besides S$, you may choose to settle in other foreign currency for all foreign markets contracts. Please inform your Trading Representative or the Online Trading Helpdesk (Tel: 6799 8188) on Transaction Date to amend the contract to your preferred settlement currency. Otherwise, the settlement amount will be in S$.



Q30 What will be the exchange rate used? Back to top
 
The exchanged rate will be based on L & T's board rate on Transaction Date and is meant for indicative purposes only.



Q31 How do I make payment for my purchases? Back to top
 
For S$ settlement: EPS / Cash / Cheque /Cashier's Order
For US$ settlement: Cashier's Order or Personal cheque drawn on any Singapore bank.



Q32 When I sell, how do I receive my proceed? Back to top
 
If your proceed is in S$, we will credit your bank account if you have opt for the EPS facility. Otherwise a cheque payment will be made in your name.
If your proceed is in US $, a cheque payment will be made in your name.



Q33 Can I use my CPF/SRS fund to settle the transaction? Back to top
 
No. CPF/SRS fund cannot be used to settle the foreign transaction.



Q34 What will happen to my shares after I have made payment for it? Back to top
 
The shares will be kept in safe custody by LTS 's Foreign Broker.



Q35 Are there any charges for keeping my shares in the safe custody of LTS Foreign Broker? Back to top
 
Yes, a fee of S$2 per counter per month is chargeable. This is billed on a quarterly basis, subject to a maximum of S$150 per quarter.
For clients who conduct at least 6 trades in a quarter, the monthly fee of S$2.00 per counter will be waived for that quarter. If clients conduct less than 6 trades in a quarter, but at least 2 trades in a month, the monthly fee of S$2.00 per counter will be waived in that month.



Q36 Can I transfer the shares out from LTS Foreign Broker to my own account? Back to top
 
Yes, transfer request is allowed. You may contact Operations department at 6437 0145 / 6437 0105.



Q37 Can I contra my purchases? Back to top
 
No, contra is not allowed.



Q38 What will happen if I do not pay on time? Back to top
 
If you do not pay on time, LTS reserves the right to force sell the purchases on Due + 1 day.



Q39 Is short selling allowed? Back to top
 
No. Short selling is not allowed at the moment. Heavy fine is imposed for short selling by some Foreign Exchanges.



Q40 Are there any Dividend Handling Fee for dividend received? Back to top
 
Yes. Dividend Handling Fee is charged by Foreign Broker and LTS.

Foreign Broker's charges for the following markets:
MarketCharge/AnnouncementCurrencyMinimumMaximum
AustraliaA$5AUDN/AN/A
Japan0.50%JPY200200
All Other MarketsUS$5USDN/AN/A

In addition to the foreign broker's charges, Lim & Tan's handling fee for all the markets is as follows:
Dividend < S$10S$3.00+GST
Net Dividend > S$10 to S$500S$5.00+GST
Net Dividend > S$5001% subject to max. of S$100+GST



Q41 What are the hardware and software required to access the Foreign Markets? Back to top
 

Hardware
Pentium-class PC
1024 x 768 Resolution, 256 Colours, SVGA monitor,
64Mb Ram or better,
Modem - minimum 56,000 BPS or faster

Software
Windows XP
Internet Explorer 6.0 or better/ Netscape 7.0 or better/ Mozilla Firefox 1.5 or better
Adobe Acrobat Reader 4.0
Java Enabled


Q42 Why do I encounter some error message when I click on the link of my selected market in order to login? Back to top
 
Please ensure that your browser accepts cookies.

For Internet Explorer
Step 1 Click on Tools
Step 2 Select Internet Options
Step 3 Click on Privacy tab
Step 4 Click on Advanced
Step 5 Turn on First-Party Cookies

If you experience any other technical problems, please contact our Online Trading Helpdesk at Tel: 6799 8188.