Enjoy the Convenience of Digital Forms Submission
E-Link Your CDP Account to FSMOne.com!
In contrast to most other local brokers, stockbroking services on FSMOne.com are offered based on a custodian model, where the holdings are held under a custody account with iFAST Financial Pte Ltd (‘iFAST’), a licensed custodian under the Monetary Authority of Singapore, and a Central Depository (CDP) Approved Depository Agent (DA).
We understand that there may be customers who have existing holdings within their CDP account and are interested to enjoy the competitive commission rates that we have on FSMOne.com. This led us to introduce the “Sell from CDP” feature, where investors could link their existing CDP account to their FSM Account, and subsequently sell their stocks/ETFs custodised in their CDP account with FSMOne.com.
As compared to transferring their CDP holdings to another platform in order to sell them at lower costs, we believe our “Sell from CDP” feature will be able to help investors minimize the risks of transfers, which may be exacerbated during volatile market conditions, as investors will not be able to access any holdings during the transferring process which may take weeks to complete.
Before the implementation of e-linkage, customers will have to first download a CDP linkage hardcopy form before they can fill in their personal details, sign the forms, and snail mail the physical form over for us to process the linkage application and to forward to CDP for their approval.
This entire process can around 1 week or longer, depending on the volume of applications received, and some applications may also be rejected due to discrepancies in either signatures or personal information, which would lead to further delays and resulting in missed selling opportunities.
With the newly added CDP e-Linkage feature, you are now just three steps away from linking your CDP Securities Account to your FSMOne Investment Account!
Without having to submit any physical forms, investors would be able to complete the entire process online by following the next three steps to link their CDP account to FSMOne.com:Step 1:
Login to your FSMOne account and proceed to the CDP Account Linkage page; alternatively, click on ACCOUNT SETTINGS > Activated Products > Sell from CDP > Your Linked Account (For Personal Account Only) to access the CDP Account Linkage page.
Step 2:
On the following page, in the “Apply and Link your existing SGX CDP Account with FSMOne” section, key in your “CDP Securities Account No.”, carefully read the declaration and check the box, and click “Submit for Linkage”.
Step 3:
Await approval of CDP linkage – it will take around 1 business day for the linkage to be approved by CDP. An email will be sent to inform investors of the linkage outcome.
Important Notes:
1. Following the implementation of the CDP e-Linkage feature, manual submission of CDP Account Linkage Form via mail and email will no longer be accepted.
2. Customers can only link their CDP Personal Account to their FSMOne Personal Account, and/or their CDP Corporate Account to their FSMOne Corporate Account. Linking of other account types (e.g. Joint, Beneficiary) are not accepted.
E-Submit Your W-8BEN Form!
W-8BEN declaration is a pre-requisite for investors who are looking to invest in US stocks/ETFs, and before the addition of e-submission, customers will have to download the W-8BEN form from our website, fill-in their details and mail/email the form to us for processing. Trading of US stocks/ETFs can only commence if the W-8BEN form has been duly submitted and approved.
FSMOne customers are now able to declare and submit their W-8BEN application online to activate US trading service by following the following steps:
After logging in to your account, click on ACCOUNT
SETTINGS > Activated Products
> W-8BEN Declaration (U.S. Trading
Service). In the subsequent page, ensure that the pre-filled personal
information are correct before submitting the W-8BEN form electronically.
The W-8BEN Declaration will be valid for 3 years starting from the date of declaration to the last day of the third succeeding calendar year, and you will be able to check the expiration date of your previous W-8BEN declaration on this page, and upon the declaration expiration, the re-declaration can also be done here.
Apart from providing a simpler electronic submission method to help investors conveniently and easily submit their W-8BEN declaration, we have also streamlined the W-8BEN approval process, where investors (e.g. Singapore citizens and selected nationalities Singapore PRs) who have satisfied all the declaration criteria will be able to start investing in US stocks/ETFs on FSMOne.com as soon as within 1 business day of submitting their online W-8BEN declaration.
New Enhancements on FSM Mobile!
- Customise your Watchlist the way you want it – Have a favourite stock/ETF/UT/bond that you wish to follow closely before making your investment decision? You can now press and drag the product to the top of your Watchlist, or rearrange the sequence of the other products in your Watchlist to your liking.
- Dedicated Regular Savings Plan (RSP) page for you to access our RSP tools (RSP Calculator and RSP Special List) conveniently on the first page of our FSM Mobile App. Key in a monthly investment amount in the RSP Calculator to see your estimated returns over your selected holding period based on different rate of returns, or find out which are the unit trusts in our RSP Special List where no initial minimum investment amount is required.
- New “Purchasing Power” option in the TRADE tab under the Stocks and ETFs dropdown list. Tap into this to view the current purchasing power that you have which you are able to utilise for your next stocks / ETFs trade. For more information on Purchasing Power, please refer here.
All materials and contents found in this site are strictly for general circulation and informational purposes only and should not be considered as an offer, or solicitation, to deal in any of the funds or products found/identified in this site. While iFAST Financial Pte Ltd ("IFPL") has tried to provide accurate and timely information, there may be inadvertent delays, omissions, technical or factual inaccuracies and typographical errors. Any opinion or estimate contained in this report is made on a general basis and neither IFPL nor any of its servants or agents have given any consideration to nor have they or any of them made any investigation of the investment objective, financial situation or particular need of any user or reader, any specific person or group of persons. You should consider carefully if the products you are going to purchase are suitable for your investment objective, investment experience, risk tolerance and other personal circumstances. If you are uncertain about the suitability of the investment product, please seek advice from a financial adviser, before making a decision to purchase the investment product. Past performance is not indicative of future performance. The value of the investment products and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. In respect of any matters arising from, or in connection with the said research analyses or research reports, recipients of the report are to contact IFPL at 10 Collyer Quay, #26-01 Ocean Financial Centre Building, Singapore 049315, or by telephone at +65 6557 2853. Where the report contains research analyses or research reports from a foreign research house and if the recipient of such research analyses or research reports is not an accredited investor, expert investor, institutional investor or an ex-accredited investor, IFPL accepts legal responsibility for the contents of such analyses or reports to such persons only to the extent as required by law. Please note that only certain security(ies) herein are available to all investors, while the rest are only available for certain persons to invest in, such as Accredited Investors (as defined in the Securities and Futures Act) or one who invests at least S$200,000 (or its equivalent currency) per transaction. To qualify as an Accredited Investor, one needs to submit a declaration form and certain relevant supporting documents, according to iFAST’s prevailing policies and procedures.
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iFAST Financial Pte Ltd (IFPL) (registered address: 10 Collyer Quay #26-01 Ocean Financial Centre Singapore 049315, Telephone: 6557 2000) holds the Financial Advisers Licence issued by the Monetary Authority of Singapore ('MAS') to conduct regulated activities of advising on securities, marketing of collective investment schemes and arranging of any contract of insurance in respect of life policies, other than a contract of reinsurance and the Capital Markets Services Licence issued by the MAS to conduct regulated activities of dealing in securities and providing custodial services for securities. While IFPL has made every effort to ensure the independence of the report's contents, IFPL's nature of business is such that IFPL and its connected and associated entities together with their respective directors, officers and staff may be involved in providing dealing or investment-related services in the abovementioned securities, and have taken or may take positions in the securities mentioned in this report, and may also act as the principal for any buy or sell trades.