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December 25th, 2013 No comments
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Information on Lim and Tan Cash Collaterised Trading (CCT) Trading Account

October 17th, 2013 No comments

What is Cash Collaterised Trading (CCT)?

CCT is an online trading account where the trading limit is based on the amount of cash deposited into your SGD trust account with Lim & Tan Securities(LTS). You will enjoy lower brokerage rates and also earn interest on your SGD cash deposit.

Advantage of Cash Collaterised Trading Account (CCT Account)

1. Brokerage 0.18% for all contract size (Brokerage of 0.171% after 5% mileage)

2. Interest of 0.6% p.a.

Disadvantage of CCT Account

1. Charges of acct if there's no trades per quarter.

2. Handling fees for dividends.

3. Shares not transferable from CPD acct.

4. Only able to trade with the cash deposited in your account.

FAQ.

1. What is the brokerage rates for CCT accounts?

Brokerage is 0.18% for all contract size, subject to a minimum of $18. You are also eligible for our rewards programme giving you an effective brokerage of 0.171% (after 5% mileage)

Additional fees by SGX & CDP apply:

SGX Trading Fees (Contract Value x 0.0075%)

CDP Clearing Fees (Contract Value x 0.04%)

GST ((Brokerage + Trading Fees + Clearing Fees) x prevailing GST rate)

2. Is there any interest paid on the Cash Collaterised?

Interest payable for SGD cash deposit is based on LTS' prevailing rates. Current interest rate for the SGD cash deposit is 0.6% p.a.and is calculated on daily rest basis.

3. What are the markets available for CCT accounts?

Currently, you can only trade equities listed on the Singapore Exchange.

4. I have a Cash account with LTS. Can I open a CCT account?

Yes, you may open a CCT account in addition to your existing Cash account. Please note that shares purchased through the CCT account will be custodised in LTS Sub-account while shares purchased through the Cash account are custodised in your individual global securities account with CDP.

5. Can I open a CCT Account without opening a Cash Account with LTS?

Yes. However, you are encouraged to open a Cash account in addition to the CCT account. Please note that shares purchased through CCT Account are custodised in LTS Sub-account while shares purchased through the Cash account are custodised in your individual global securities account with CDP.

6. How do I make payment for my purchases and how will the sales proceeds be paid to me?

Payment for your purchases will be deducted from the funds in your trust account on Due Date + 1 (D+1). Similarly, sales proceeds will be credited to your trust account on D+1.

7. Is contra allowed?

Yes, contra is allowed.

8. Can I use CPF/SRS funds to trade in a CCT account?

No. If you would like to trade using your CPF/SRS funds, you need to open a Cash account with LTS. Different brokerage rates will apply.

9. Will my purchases be custodised with LTS?

Shares purchased shall be custodised in LTS' Sub-Account. Only custodised shares may be sold in the account.

Quarterly Sub-Account Maintenance Fees

$2* for each sub-account with Nil balance

$15* for each sub-account with shares

(Fees may be waived if there's at least 1 contract per quarter in the subject account)

Handling Fees for dividend received

$3* for dividend below $10

$5* for dividend above $10

For dividend above $500, 1% of dividend amount, subject to max of $100*

*Subject to GST

10. My shares are held in my global securities account (GSA) with CDP. Can I sell these shares through the CCT Account?

No, transfer of shares from your GSA with CDP to LTS’ Sub-account is not allowed.

11. I have executed a sell trade through the CCT Account. However, my shares are held in my individual global securities account (GSA) with CDP. Can the trade be amended to a Cash Account trade?

Yes, provided that you have a Cash account with us and you inform us by Trade Day + 1.

If you do not have a Cash account with us, the sell trade will be subjected to SGX buy-in procedures.

There is currently no custody check for shares sold through CCT.

STI PE Ratio from mid 2007 to beginning of 2013


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