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1. What are the commissions and other charges?
 
Singapore
UTRADE Plus Accounts
Online Rates
Flat Rate
0.12%* 
Minimum Commission
S$10.00*
Period
Until 31 December 2017
Other Charges
Clearing Fee

0.0325% on gross consideration

Trading Access Fee 0.0075% on gross consideration
GST The relevant GST applies
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2. Are there any additional charges other than those mentioned?
  Singapore
Sub Account Charge

Waived
- Without Holdings: Waived
- With Holdings: Waived

(UOBKH reserves the right to amend the fees and charges, and to close the account if there is no trade subsequently.)

Platform Fee

No

Rights Issue Charge

Waived

Dividend Charge

Waived

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3. Can the UOBKH Depository Agent Sub-Account maintenance charges be waived?
For Sub-Account for UTRADE Plus Account, this is waived. (UOBKH reserves the right to amend the fees and charges, and to close the account if there is no trade subsequently.)
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4. Is there a platform fee?
Of course not! This is an indirect way of charging you for holding on to your shares and ETFs. This is additional cost to the customer on a recurring basis.
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5. Where are the shares kept?
Shares will be kept in our Custodian under UOBKH.
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6. How do I check my share holdings since my shares are kept with UOBKH?
A detailed Monthly Share Holdings Statement will be sent to you if there were transactions or if there is balance.  A Quarterly Share Holdings Statement will be sent if there was no transaction.
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7. Can I sell my Singapore share holdings in my CDP Account using UTRADE Plus Account?
No, you can’t sell your Singapore shares in your CDP Account using your UTRADE Plus Account. To sell using either account, your share holdings must be transferred to your Sub-Account at UOBKH prior to you selling. There will be no charge for transferring your Singapore share holdings to UOBKH.
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8. Will my UTRADE Plus Account be linked to my existing trading account?
No, your existing trading account will not be linked to your UTRADE Plus Account.
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9. What are some of the key parameters of UTRADE Plus Account?
  UTRADE Plus Account
Which markets can I trade? Singapore

Can I do contra trade?

Singapore market:   Yes


Is there a trading limit on the value of shares I can trade?

Trading limit is based on x 1 of cash deposit. 

Note: Trading limit is computed in SGD.  If you deposit foreign currencies, a SGD equivalent will be computed after taking into consideration currency fluctuations.

Will I be eligible for UTRADE
Rewards when I trade using
UTRADE Plus Account?

No, you won’t be eligible for UTRADE Rewards.
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10. What is the settlement period?

For Singapore market:  It will be T+3 for all contract types.

UOBKH reserves the right to sell your share holdings in your Sub-Account, or use the available cash balance in your Trust Account to settle any outstanding position or contra loss.

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11. How do I fund my UTRADE Plus Account?

You may deposit money into your UTRADE Plus Account via fund transfer (see below for details), send cheque, or deposit cash at our Cashier. The funds will be credited into your Trust Account for trade settlement.

Fund transfer details: Bank:
For account:
Account number:
United Overseas Bank S’pore (Main Branch)
UOB Kay Hian Private Limited
101-310-502-8

 

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