Archive for the ‘Q&A’ Category

Payment of Shares via EPS

November 29th, 2012 No comments

Instructions on EPS payment:

ATM Payment (Example)

• Insert ATM card
• Key in your PIN
• Select “Electronic Share Payment”
• Select Lim and Tan Securities Pte. Ltd
• Select “Payment by Lump Sum”
• Key in Contract Number or Amount to pay
• The system will display Lim and Tan Securities Pte. Ltd, your
trading account number (or if required, please key in your trading
account number, and the amount for your confirmation.)
• Upon confirmation, your account will be debited with the amount.
• Collect the receipt and safekeep as record

For internet banking, here’s the general procedure:

• Log into your internet banking account
• Select Payment Services
• Select Bill Payment / Electronic Payment for Shares
• Select “LIM & TAN SECURITIES” as your Payee
• Select which of your related account to Pay From
• Key-in the required amount
• When asked for Consumer Reference No, key in your account number
(if required, add a zero in front)
• Choose immediate payment.
• Click submit.
• Complete the rest of the procedure.

Note: The above information are meant to be factual and strive to be accurate. Should any mistake be spotted, please inform us.

US Brokerage Rate

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Q & A on Custodian Fee for Trading US (Foreign) Shares

Question: Hi – Like to know will there be custodian fees for holding US shares?

Answer: Yes. Monthly foreign custody fee is S$2 per counter, subject to a maximum of S$150 per quarter + GST.

For clients who conduct at least 6 trades in a quarter, the monthly fee of S$2.00 per counter will be waived in any month of that quarter. For clients who conduct at least 2 trades in a month, the monthly fee of S$2.00 per counter will be waived in that month.

Note: The above trades are regardless of US or local trades but exclude CFD trades.

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