FEES & CHARGES
The fees and examples quoted here is for a basic cash trading account (SG market).
For other account types and other markets, please check the Lim & Tan website.
For each trade, there is brokerage payable based on the contract size.
- Place your trades online (via online platform/iPad/iPhone/Andriod app) and you will also be able to collect reward points for every buy and sell contract.
- If you place an advisory trade (ie. Lyndell places the order for you), then the rate will be the same as above but without the reward points.
- Besides the brokerage payable, there is CDP Clearing Fee, SGX Trading Fee and GST payable.
Eg. a buy order and a sell order for CapitaLand (Up to $50k):
 |
| Net Total may differ by a few cents from actual |
SMALL LOT PROMOTION
For online trades < 1000 shares and with contract value of $3500 and below, the brokerage payable is $10. View more on the article $10 Brokerage - Small Lot Promotion.
Eg. a buy order and sell order for OCBC:
 |
| Net Total may differ by a few cents from actual |
LOT SIZES
Lot size refers to the minimum number of shares you have to buy for a stock. On the Singapore market, most stocks typically have a lot size of 100 shares. The lot size is also shown on the "Place Order" page: look for the words "Lot Size".
Example 1
To buy 100 shares of GoldenAgr at $0.42, your contract will be 100 x $0.42 = $42 (excluding fees and charges).
Example 2
To sell 100 shares of Capitaland at $4.00, your contract will be 100 x $4.00 = $400
PAYMENT TIMELINE FOR BUY CONTRACTS
To check the amount outstanding, go to your online
trading platform / App: Account Management > Outstanding Positions.
You will also receive an email to retrieve your contract statement on
the platform the next working day after the trade.
If you intend to pick up your shares (ie. make payment):
Payments are officially due on T+2. As a practice, you have extra 2 days grace.
Please make arrangements for Lim & Tan to receive payment by latest T+5 morning, T being the Trade day. This is to ensure shares can be released to your CDP account.
You will need to prepare and/or give a time buffer for different payment modes:
- Electronic Payment for Shares (EPS) - Transfer before 8pm for funds to reach us next working day morning.
- GIRO - Auto-deduction occurs on T+4 (am). Ensure funds are in bank account by T+3 for smooth deduction.
- Internet Banking (Bill Payment) - Transfer before 8pm for funds to reach us next working day morning.
- Cheque - Deposit cheque (SGD) before 3.30pm for funds to clear next working day after 2pm.
- PAYNOW - Instant transfer
Please refer to next section on the different payment modes in detail.
If you intend to contra off (ie. sell off without making payment):
- Please sell off by latest T+4, 5pm.
- If you are on GIRO, please sell off latest by T+2, 5pm. If you sell off on T+3 or T+4, GIRO auto-deduction will still occur on T+4 (am).
PAYMENT MODES (SGD)
Payment for your contracts (SGD) can be made via the following methods:
- Electronic Payment for Shares (EPS)
- GIRO (Automatic Deduction)
- Internet Banking (Bill Payment)
- PAYNOW
- Cheque (SGD)
For Buy contracts, if payment is via:
Electronice Payment for Shares (EPS)
Pay via ATM or i-banking. Select under Investment Services > EPS > Lump sum payment or Contract. Please allow 1 day for EPS Funds Transfer. Hence, please make your payment before cut-off time 8pm for the funds to reach us by the next day.
GIRO (Automatic Deduction)
Automatic deduction will occur on T+4 morning, T being the Trade day. Eg. If you purchase Capitaland on Wednesday, auto-deduction will occur on following Tuesday morning. Please ensure you have enough funds in your bank account on T+3. Bounced payment will incur charges and interest.
Internet Banking (Bill Payment)
At anytime if you wish to transfer funds over to Lim & Tan (eg. to make payment, or to earn interest in the trust account, or transfer money in first before buying shares), you may use the following method:
On your internet banking platform, go to "Payments", then click "Bill Payment" and look for "Add a New Payee". Look for Lim & Tan Securities and add us as Payee. Under Consumer Reference number, please put your Lim & Tan trading account number. This method as liken to paying a bill.
PAYNOW
The participating banks with the service are:
- Bank of China
- Citibank Singapore Limited
- DBS Bank/POSB
- HSBC
- Industrial and Commercial Bank of China Limited
- Maybank
- OCBC Bank
- Standard Chartered Bank
- UOB
In addition, as PayNow rides on FAST (Fast and Secure Transfers), the maximum transfer limit of $200,000 per day will apply for PayNow.
Please check with your bank if you are unable to pay the selected amount via PayNow.
Please find the steps to make payment using PayNow:
1. Log in to your bank's existing internet banking or mobile banking app. Click on "PayNow".
2. At the PayNow transfer screen, select "Unique Entity Number (UEN)".
3. Enter Lim & Tan Securities' UEN "197301030W".
4. Enter the amount to be transferred and Customer Reference/Reference number i.e. your Trading Account number.
5. Verify that the Payee/Entity Name is correct. i.e. "LIM & TAN SECURITIES PTE LTD - TRUST A/C" before confirming the transfer.
Cheque (SGD)
Please make a cross-cheque payable to "Lim & Tan Securities Pte Ltd",
and write Lim & Tan's bank details at the back of the cheque. You can then drop the cheque at a cheque deposit box at a bank
conveniently located near you. Please give a time buffer for the bank to clear your cheque.
Lim & Tan has bank accounts with DBS / UOB / OCBC / StandChart.
*Please inform Lyndell when you are making payment via Cheque and get bank details from her.For Sell contracts, if payment is via:
EPS / GIRO
Funds will be credited into your account by T+3 morning, T being the Trade day. Eg. If you sold Capitaland on Wednesday, funds will be in your account by following Monday morning.
Cheque (SGD)
If no EPS / GIRO is arranged, a cheque (SGD) will be posted out on T+3 to your mailing address.
*Note: It takes about 3 weeks from account opening date to link up EPS/GIRO. During the 3 weeks, you can still buy/sell shares. For buy contracts, payment can be made via cash/cheque/internet banking. For sell contracts, a cheque will be posted to you.
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