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Standard Chartered - Only Online Trading in town with no minimum commission

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Old 03-07-2011, 08:03 AM   #136
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cost is $10.70 per counter (regardless of number of shares) payable to CDP
ok, thanks!

i think might be worthwhile to transfer
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Old 03-07-2011, 11:17 AM   #137
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ok, thanks!

i think might be worthwhile to transfer
do us a favor. if you or anyone else happen to go down battery road, request for a soft copy of the transfer form. There are 2 forms that need to be filled. One is for CDP side and the other for SCB side.

I collected the hardcopy but lost it! Too lazy to go down again. Alternatively I can can try and call up when im free.
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Old 06-07-2011, 02:25 PM   #138
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I am going to try this out.

I applied online with my SCB online banking.

I now have a securities settlement account setup (btw - is there any minimum $$$$ that need to be kept in this account or is it charge free?)

I can't find the link to the trading application however. Is that because I only applied last Thursday and it takes time to setup / appear on my online bank page.
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Old 06-07-2011, 02:27 PM   #139
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I am going to try this out.

I applied online with my SCB online banking.

I now have a securities settlement account setup (btw - is there any minimum $$$$ that need to be kept in this account or is it charge free?)

I can't find the link to the trading application however. Is that because I only applied last Thursday and it takes time to setup / appear on my online bank page.
keep $1 in esaver and that all
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Old 06-07-2011, 11:38 PM   #140
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I am going to try this out.

I applied online with my SCB online banking.

I now have a securities settlement account setup (btw - is there any minimum $$$$ that need to be kept in this account or is it charge free?)

I can't find the link to the trading application however. Is that because I only applied last Thursday and it takes time to setup / appear on my online bank page.
I applied last monday, securities settlement account is up but trading application is still not up.

For the securities settlement account, i read that nominal interest will be paid for balance in it? any1 can confirm hw much is the interest or hw isit being paid?
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Old 07-07-2011, 12:21 AM   #141
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cost is $10.70 per counter (regardless of number of shares) payable to CDP
So the transfer to CDP is considered as "For Estate with Grant of Representation" type?

http://www.cdp.com.sg/fee/index.html
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Old 07-07-2011, 03:05 PM   #142
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hi all, from it's website, it says no custody fee.
anybody has any idea on whether they charge handling fee on corporate actions such as dividend payment, rights issue, share consolidations etc?
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Old 07-07-2011, 09:18 PM   #143
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So the transfer to CDP is considered as "For Estate with Grant of Representation" type?

http://www.cdp.com.sg/fee/index.html
i dont know why the category is not there. its something like transfer of share with no change in beneficiary. and its just 1 $10.70 payment.
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Old 07-07-2011, 09:19 PM   #144
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hi all, from it's website, it says no custody fee.
anybody has any idea on whether they charge handling fee on corporate actions such as dividend payment, rights issue, share consolidations etc?
no such fees at the moment.
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Old 14-07-2011, 12:13 PM   #145
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applied for my account since 17th June 2011, till now my online trading account had not been activated. Called SCB numerous times and every time they will tell me due to overwhelming responses from the public the account opening will take some time. But seriously? Almost one month. Think i will close my e$avers afterall and go with POEMS... SCB is just inefficient..
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Old 14-07-2011, 02:37 PM   #146
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no such fees at the moment.
which makes me wonder what their business model is. Since they are acting as custodian, they must incur compliance and admin fees.

Banks under the CPFIS scheme are also holding your CPF bought shares as custodian, and they need to charge custodian fees.

I hope its not a case of free first, then later charge fees.
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Old 14-07-2011, 08:40 PM   #147
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which makes me wonder what their business model is. Since they are acting as custodian, they must incur compliance and admin fees.

Banks under the CPFIS scheme are also holding your CPF bought shares as custodian, and they need to charge custodian fees.

I hope its not a case of free first, then later charge fees.
dont be surprise if the business model turns out to be a successful one. i have been following standard chartered for so long. and i know many of others including me have benefited from their aggressive promotions. they can spend like nobody business but their profits are still turning out well.

i hope the other brokers can follow suit in implementing the no-minimum commission charges for upfront accounts.
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Old 14-07-2011, 09:43 PM   #148
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dont be surprise if the business model turns out to be a successful one. i have been following standard chartered for so long. and i know many of others including me have benefited from their aggressive promotions. they can spend like nobody business but their profits are still turning out well.

i hope the other brokers can follow suit in implementing the no-minimum commission charges for upfront accounts.
other brokers cannot follow suit because they are in a circle or union with weekly meeting that does not allow them undercut each another.

scb is not in that union so thats why they can chu this pattern..
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Old 14-07-2011, 09:59 PM   #149
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other brokers cannot follow suit because they are in a circle or union with weekly meeting that does not allow them undercut each another.

scb is not in that union so thats why they can chu this pattern..
so in other words, they are fixing price
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Old 14-07-2011, 10:03 PM   #150
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so in other words, they are fixing price
im not implying they are fixing price, just revealing something that retailer dont know.. please do not put words into my post.

do we say smrt or comfortdelgo fixing price too?
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