notices

In November 2022, as part of Lim & Tan Securities' (LTS) Green Initiative to conserve resources, we had informed our clients that E-Statements will be our default. If you are currently using E-Statements, we thank you for your support.

Hard Copy Statements will be available but at a fee. (with effect 8 May 2025)

As part of the transition then, we had allowed clients to opt out of E-Statements. After a long transition period of more than 2 years, we have now reviewed our policy for hardcopy statements and regret to inform that this will no longer be free.

With effect from 8 May 2025, the charges will be as follows:

(1) Annual Fee S$24 + GST per annum
- This is payable upfront upon request for receiving hard copy statements. Hard copy statements will only be generated one working day after Annual Fee has been received.
- If you have opted out previously and are currently receiving hard copy statements, you will need to make payment of S$24 + GST by 28 April 2025 (Monday) to continue receiving hard copy statement. This can be done by PayNow or Bill Payment via your bank's internet banking or mobile banking app, or if you have upcoming sales proceeds or monies in trust, to instruct your Trading Representative to arrange such payment to our Finance Department by the above mentioned date.
- At the end of current 1 year period, if the S$24 + GST Annual Fee is not received by the end of the period, LTS reserves the right to revoke the hard copy arrangement. For example, if your Annual Fee period starts on 8 May 2025, the 1 year period will end on 30 April 2026. The Annual Fee will need to be received by the Company before that.

(2) Per Statement Fee S$1 + GST
- In addition to the Annual Fee, a per statement fee of S$1 + GST will be chargeable each day a hard copy statement is generated and mailed. These will be deducted from any sales proceeds or credit balance in your Trust Account after the last working day of each month. For example, if 20 hard copy statements have been generated in the calendar month, S$20 + GST will be payable for the per statement fee.
- Payment can also be done by PayNow or Bill Payment via your bank's internet banking or mobile banking app.
- Should there be insufficient funds in your account, or if no payment is made, LTS reserves the right to revoke the hard copy arrangement.

E-Statement via our Online Trading system is FREE

In the event of revocation of hard copy statement arrangement, you will still be able to access your E-Statements free of charge via the Online Trading website. Please refer to our website for the FAQ on E-Statements and E-Contracts. We have also attached a link below for the User Guide.
https://www.limtan.com.sg/page/site/public/pdf/E-StatementsAndE-Contracts_UserGuide.pdf.

For FAQ on E-Statement, please click here.

For Clients currently receiving hard copy statements and do not wish to pay the fees

For this group of client, if you have provided an email address to LTS, soft copies of the statements will be emailed to you free of change. Please ensure your email address is updated with LTS.

Alternatively, you can also access your E-Statements via our Online Trading system.

If you have any queries, please contact your Trading Representative.