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Old 28-02-2015, 10:41 PM   #3556
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Oh yar, what Sinkie mention is correct. DBS MCA or multiplier account, deposit and withdraw USD is 0% comms.
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Old 28-02-2015, 10:44 PM   #3557
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Oh yar, what Sinkie mention is correct. DBS MCA or multiplier account, deposit and withdraw USD is 0% comms.
Dbs Mca needs $3000 Minimun maintenance also, can be in sgd also
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Old 01-03-2015, 04:02 PM   #3558
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Does anyone know if SGS bonds and corporate bonds can be bought on SGX using SCB online trading?
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Old 01-03-2015, 05:30 PM   #3559
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Does anyone know if SGS bonds and corporate bonds can be bought on SGX using SCB online trading?
yes since they are traded on the sgx main board

however do note that usually retail bonds the liquidity is quite poor... u will see a wider bid/ask spread

especially on SGS... the liquidity is horrible

popular retail bonds like

genting 5.125%
CMT 3%
CMA 3.8%

blue chip bonds tend to have good liquidity, however they are quite expensive (way above par value)
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Old 02-03-2015, 08:03 PM   #3560
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Can I check, when company gave out dividends, what is the transaction code reflected in my transaction history?
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Old 02-03-2015, 10:38 PM   #3561
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Can I check, when company gave out dividends, what is the transaction code reflected in my transaction history?
It's a long series of words

CASH DIVIDEND-(PSEC)PROSPECT CAPITA L COR XXXXX


the XXXXX is a series of numbers.

30% tax will be these long series of words

US WITHHOLDING TAX (CAT) CATERPILLA R INC XXXXX

and for local counters, its these

CASH DIVIDEND-(ES3)STREETTRACKS STR AITS XXXXXX
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Old 03-03-2015, 12:02 AM   #3562
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anyone with US stocks which default dividend option is scrip?

I have 100 shares, the dividend is less than a share. The letter from standchart say round down to nearest whole no., means i would not get a share, but cash?

Also, scrip dividend is already deduct the 30% withholding tax right?

Thanks.
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Old 03-03-2015, 12:19 AM   #3563
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anyone with US stocks which default dividend option is scrip?

I have 100 shares, the dividend is less than a share. The letter from standchart say round down to nearest whole no., means i would not get a share, but cash?

Also, scrip dividend is already deduct the 30% withholding tax right?

Thanks.
You would get cash back. I had 1 incident when I forgot to call in to request for cash. They took over 3 months and lots of calls to pay me back the dividends.
Best to call them and give your instructions to take cash as this involve a couple of parties, including the companies that give you the shares/cash, scb, call centre and you. If your instruction is clear, it saves a lot of headache later on.
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Old 03-03-2015, 11:54 AM   #3564
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Convert at arcade money exchange then go malacca st to deposit into DBS mutli currency trust lor
for USD cash deposit must be thru the counters right?

Anyone know the spread between SCB conversion and the money changers? Thanks.
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Old 03-03-2015, 12:02 PM   #3565
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for USD cash deposit must be thru the counters right?

Anyone know the spread between SCB conversion and the money changers? Thanks.
Right now, SCB exchange
1000 SGD at 1.377654 to USD. So you get 725.87USD from 1k SGD
1000 USD at 1.352902 to SGD. So you get 1,352.90SGD from 1k USD.
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Old 03-03-2015, 12:29 PM   #3566
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Regarding the funding of SCB US$ account, I think the following is the most cost effective way if you are intending to change and hold US$.

1) Open DBS multi currency account with chequing facility. Cost = $2 per month and to maintain SGD3000 or its equivalent.
2) Open SCB US$ chequing account. Cost = Maintain min US$5k in account.
3) With the above accounts, you can deposit US$ cash into DBS account and transferring it to SCB US$ account via cheque. If you need to transfer US$ out, just issue a cheque.

Any comments?
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Old 03-03-2015, 12:34 PM   #3567
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Regarding the funding of SCB US$ account, I think the following is the most cost effective way if you are intending to change and hold US$.

1) Open DBS multi currency account with chequing facility. Cost = $2 per month and to maintain SGD3000 or its equivalent.
2) Open SCB US$ chequing account. Cost = Maintain min US$5k in account.
3) With the above accounts, you can deposit US$ cash into DBS account and transferring it to SCB US$ account via cheque. If you need to transfer US$ out, just issue a cheque.

Any comments?
I remember on some thread, someone advised that you can direct TT USD into the US FCY SSA from DBS MCA. Thus, you can skip step 2 and 3. Just TT the USD back to DBS multicurrency account perhaps? Not sure how to do that though.
In fact, marc cheng on this thread, just the last 2 page describe this thing. He checked and it worked.

Last edited by Perisher; 03-03-2015 at 12:36 PM..
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Old 03-03-2015, 07:32 PM   #3568
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It's a long series of words

CASH DIVIDEND-(PSEC)PROSPECT CAPITA L COR XXXXX


the XXXXX is a series of numbers.

30% tax will be these long series of words

US WITHHOLDING TAX (CAT) CATERPILLA R INC XXXXX

and for local counters, its these

CASH DIVIDEND-(ES3)STREETTRACKS STR AITS XXXXXX
Thanks for the reply.
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Old 06-03-2015, 07:51 AM   #3569
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yes since they are traded on the sgx main board

however do note that usually retail bonds the liquidity is quite poor... u will see a wider bid/ask spread

especially on SGS... the liquidity is horrible

popular retail bonds like

genting 5.125%
CMT 3%
CMA 3.8%

blue chip bonds tend to have good liquidity, however they are quite expensive (way above par value)
Have you tried it before? Sorry, don't mean to doubt you but this blogger says no. So, unsure now.

Got Money, Got Honey!: SCB Online Equities Trading Shortfalls
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Old 06-03-2015, 09:20 AM   #3570
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Scb down until what time ah? Anyone knows?
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