Hi guys I just have some questions on hand. I have just started a SCB trading account about 2 weeks back and have tried to purchase some shares from starhub/singtel. I have some questions in mind and hope some experienced guys here can help me with it.
so i bought 500 Starhub shares @ 4.02 ($2010, on 03/06/2015) and 500 Singtel shares @ 4.14 ($2070, on 05/06/2015) I have deposited slightly more than enough money in my SECURITIES SETTLEMENT ACCOUNT just for like the fees and all. To be exact I have the amount I have in that account is $4135.
Here is the questions:
1) both orders has been filled which I assumed I have got them at the price I wanted but the money (shares+fees) weren't deducted from the securities settlement account. Is it supposed to be that way? I just find it quite hard to know exactly what is the balance I have left in the account. I am guessing it will take a few days for them to process but that is just a guess.
Thanks in advance to anyone who have helped
I didn't know got buffer. No wonder I always transfer exact not enough even after I included the gst
The fee calculator did not factor in the 7% GST. Just take the commission and those small component amount and multiply it by 1.07, then add back to the original share price. Round up and it should be around that price.
I did a calculation for the comm thing before using one of my biggest purchase, 1000 shares of singtel which at that time was around $3.20. Everything works out perfectly down to the cents, don't remember if there is any rounding. Anyway, the letter they send to you will show the breakdown too.
E.g. I bought SOG recently at $450, the brokerage comm was exactly $0.90. Sg clearing fees and GST isn't charged by scb uniquely, it's charged by all brokers in sg for sgx market.
Sure or not? No gst bcos u non-singaporean? No clearing fee bcos it is not direct market?
Surprising scb don't charge gst and clearing fee except local brokerage
This is really good from scb, absorbing all gst and clearing fee