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

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Old 19-01-2015, 06:10 PM   #3241
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LSE 10% withholding for div
NYSE 30% withholding for div
Hmmm I got 17% deducted from my dividend from a Canada company listed on the NYSE...wonder if Shiny Things or any other experts can comment?
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Old 19-01-2015, 06:27 PM   #3242
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LSE 10% withholding for div
NYSE 30% withholding for div
Its 15%, not 10%, taxed at the etf level
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Old 19-01-2015, 06:42 PM   #3243
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Hmmm I got 17% deducted from my dividend from a Canada company listed on the NYSE...wonder if Shiny Things or any other experts can comment?
how come 17% instead of 30% ?
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Old 19-01-2015, 06:56 PM   #3244
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how come 17% instead of 30% ?
Should be 15% due to currency conversion from CAD to USD. As for why 15%, I suspect it's the Canada-U.S. tax treaty?

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Old 20-01-2015, 12:45 AM   #3245
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do you 100% own the shares when u buy through scb?
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Old 20-01-2015, 03:00 AM   #3246
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do you 100% own the shares when u buy through scb?

Yes, u do.
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Old 20-01-2015, 03:22 PM   #3247
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hi guys..from what i have read and gathered...

when we buy SG shares, it will not be held at CDP and instead be parked under SCB's custodian account. Will the company still be able to see or track us as a shareholder? or they will see SCB nominee acct as the shareholder and they cant filter down to the next level?
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Old 20-01-2015, 03:26 PM   #3248
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hi guys..from what i have read and gathered...

when we buy SG shares, it will not be held at CDP and instead be parked under SCB's custodian account. Will the company still be able to see or track us as a shareholder? or they will see SCB nominee acct as the shareholder and they cant filter down to the next level?
If you wanna go for AGM, they can't see, only see scb.
If you are asking about what happen what scb is gone, it's still under your name and belong to you.
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Old 21-01-2015, 11:39 AM   #3249
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https://sg.finance.yahoo.com/news/st...233001013.html

After reading this article, i feel like closing my SCB account.

Any other brokerage (non local ones) offer competitive comm rates?
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Old 21-01-2015, 12:32 PM   #3250
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https://sg.finance.yahoo.com/news/st...233001013.html

After reading this article, i feel like closing my SCB account.

Any other brokerage (non local ones) offer competitive comm rates?
The author doesn't sound convincing.
Sounds like fear mongering...

Check this link's first image,
http://forums.hardwarezone.com.sg/st...a-3628498.html

A lot of the cash upfront account is held by custodian, including ocbc. If you are so worried the SG government would let banks get away with your money, don't invest. Any bank can fall and cash out the way he described it, in fact, don't put money in the bank, buy all the stocks, keep in cdp?
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Old 21-01-2015, 01:54 PM   #3251
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https://sg.finance.yahoo.com/news/st...233001013.html

After reading this article, i feel like closing my SCB account.

Any other brokerage (non local ones) offer competitive comm rates?
I think. Even in the worse case scenario (ie: SCB default on it's debt obligation / filled chapter 11). You won't lost everything. As what had been said, the stock is stored with other entities.

But you won't get 100% of your money also. Because there will be cost and time spent in liquidating your positions, arranging the counter-parties to release the funds, the different rules applied on the different entity in the different countries, etc.

If assuming SCB just close their trading operations in Singapore, then you won't be affected at all, at most, you only need to pay the transfer fee to CDP for your shares (this may even be covered by SCB)
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Old 21-01-2015, 07:14 PM   #3252
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guys, i received my settlement acc alr, but when i clicked on online trading. it told me to apply now

how ah?
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Old 21-01-2015, 07:30 PM   #3253
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guys, i received my settlement acc alr, but when i clicked on online trading. it told me to apply now

how ah?
Wait for another account to appear.
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Old 21-01-2015, 07:43 PM   #3254
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guys, i received my settlement acc alr, but when i clicked on online trading. it told me to apply now

how ah?
Give it a few days, if by friday not up yet, call scb to ask them. nothing major, don't worry. I last time open this account, they forget this, forget that, I have to go down a few trips to sign more forms. But ultimately worth it.
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Old 21-01-2015, 07:50 PM   #3255
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thanks guys !
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