Financial 
Markets

Indonesia

  1. When are my shares purchased due for delivery?

  2. All shares purchased will be due for delivery on Transaction + 2 market days (T+2). For example, if you buy a share on Monday, then the due date for your contract is on Wednesday.

    (For trades done on or after 1st July 2010, the settlement date will be T+3).

    Please note, should the due date coincide with a:
    Singapore public holiday - the new due date will be the market day before the public holiday.

    Indonesia public holiday - the new due date will be the subsequent market day.


  3. What is the settlement currency for my purchases on Indonesian shares?

  4. Settlement currency for purchases will be SGD. The rate for conversion will be based on the average exchange rates for the day.


  5. When is the settlement due date for IDX Trading?

  6. All SGD cheques and cash payments must reach Phillip Securities latest by T+2 before 5.00pm (Singapore Time).

    (For trades done on or after 1st July 2010, all payments must reach us by T+3 before 5pm).


  7. Can I make payment through EPS?

  8. Yes, you can. The last day for EPS is on T+2 before 9.00pm (Singapore Time), with referenced to your contract number.

     

    (For trades done on or after 1st July 2010, the last day for EPS is on T+3 before 9pm).


  9. Can I use GIRO to settle for my purchases?

  10. For convenience, you may opt for GIRO payments through POSB or DBS bank when you make purchases in your ordinary Cash Trading accounts. GIRO is not applicable for Phillip Cash Management (PCMA), Investment or Financial accounts.


  11. When is the settlement due date for IDX Trading?

  12. Sales proceeds will be credited on trade date + 4 market day (T+4). If you have applied for either EPS or GIRO, we will credit the proceeds into your bank account. For Phillip Capital, Investment and Financial account holders, the sales proceeds will be credited into your trading account with Phillip.


    (Pls note the new purchase and sales settlement dates for trades done on or after 1st July 2010)

    Purchase Settlement Date

    Sales Settlement Date

    EPS

    T+3 by 9pm

    EPS

    T+5

    GIRO

    D+2 (ensure sufficient funds in your account by D+1)

    GIRO

    T+4

    Cheques / Cash

    T+3 by 5pm

    Cheques

    T+4


    T - Day of Transaction
    D - Due Date (i.e T+3)


  13. May I use CPF for the payment of my shares?

  14. No, you may not.


 

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