- Important Notes for Transactions
- About FSM Global
- Account
- Fees, Charges & Calculations
- Funds (Unit Trusts)
- Bonds
- Stocks & ETFs
- Managed Portfolios
- Cash Solutions / Parking Facility / Payments
- Regular Saving Plan (RSP) and Top-Up Plan
- Insurance
- FSMOne Debit Card
- Product Financing
- Security and Safety
- Estate Planning
- Others
Custody & Transfers
Your Stocks/ETFs holdings are held under a custody account with iFAST Financial Pte Ltd (‘iFAST’), a licensed custodian under the Monetary Authority of Singapore.
For SGX-listed securities, iFAST is a CDP Approved Depository Agent (DA) so we will also maintain a sub-account with CDP on behalf of each client, even though the listed securities are held with iFAST.
For HKEX, China A-Shares, Bursa, LSE and US-listed securities, the Stocks/ETFs are held under our appointed custodians.
For Stocks/ETFs held in your CDP account to FSMOne:
You will need to complete the following:
(i) SGX Transfer of Securities Instructions attach with NRIC (front and rear) images, CDP latest statement and
(ii) FSMOne Security Transfer-In/Out Instruction (Cash)
Please email the documents above for our processing.
Please ensure that all information is complete and accurate. Your signature on SGX form must match the signature in CDP’s records.
For Stocks/ETFs held in Depository Agent’s (Stockbroking) account to FSMOne:
You will need to:
(i) Approach to the counter party/receiving broker to submit your instructions to transfer out your holdings, and
(II) Complete FSMOne Security Transfer-In/Out Instruction (Cash) and send the form to us via email with attach a latest holding statement.
The Depository Agent’s custody department will liaise with us and will process the transfer accordingly.
To transfer out your Stocks/ETFs to CDP, please complete FSMOne Security Transfer-In/Out Instruction (Cash) and send it to us via email.
You may incur transfer fees including third party fees or charges with respect to such transfers. Kindly approach the receiving platform to check on their procedures from their end.
For SGX listed securities, the FSMOne Investment Account is also a CDP sub-trading account that is held under a custody account with iFAST Financial Pte Ltd ('iFAST'). iFAST is a SGX Trading Member, CDP Securities Clearing Member and CDP Depository Agent.
Alternatively, you may wish to link your existing CDP account to your FSMOne account to sell your CDP Stocks/ETFs to minimise transfers and risks as you will not be able to access the transferring security. To apply and link your CDP Securities Account, please login and proceed to Account Settings > Sell from CDP. You are required to fill up your CDP Securities Account Number for this online submission. Once submitted, the linkage process will take approximately 2 to 3 business days to complete. You will be notified via email on the outcome of the linkage.
- If FSMOne still holds your shares on the Record Date (i.e., the transfer to your new broker is not yet complete), the corporate action will be processed and credited by FSMOne.
- If your shares have been successfully transferred and are officially held in your account with the new broker (the counterparty) on the Record Date, the corporate action will be processed and handled entirely by your new broker. FSMOne will not be involved.
SGX
| Type of service (Singapore Securities Transfer) | iFAST fee (per transfer) | CDP charges (per transfer) |
| No Change in Beneficial Owner (Between Own / Joint Accounts) | Waived* | SGD 10.90 (waived*) |
| Change in Beneficial Owner (Immediate family member) | Waived* | SGD 10.90 (waived*) |
HKEX
| Type of service (Hong Kong Securities Transfer) | iFAST fee(per transfer) | iFAST HK Securities charges(per transfer) |
| Transfer In (Scripless) | Waived* | Free |
| Transfer In (Physical Scrip) | Waived* | HKD 5 for each transfer deed |
| Transfer Out (Scripless) | Waived* | Waived* |
| Transfer Out (Physical Scrip) | Yes | 1. HKD 5 per board lot 2. Handling fee HKD 50 (Round up to the nearest board lot) *Waived |
US, China A-Shares, Bursa Securities, London Stocks Exchange
There are no transfer charges.
Notes:
- Any fees charged by exchange/others/counterparty (if applicable) shall be borne by the investors.
- Transfer type with change in beneficial owner is not allowed for HKEX, SH/SZ, Bursa and US Exchange and LSE listed shares.
Stocks/ETFs transfers will vary depending on the institution involved.
The estimated processing time for transfer-in requests is approximately 4-6 weeks.
The estimated processing time for transfer-out requests is up to 12 weeks.
