Under the Rules of the Singapore Exchange Securities Trading Limited, the settlement period for both Buy and Sell transactions is Trade Date + 2 Market Days. For example, if you carry out a trade on Monday, the due date is on Wednesday.
For shares traded on other Foreign Exchange, the settlement periods are as follows:
You will be paid on the sale's Due Date + 1 Market Day. Payment is via Electronic Payment for Shares (EPS), DBS/POSB or UOB GIRO, or by mailed cheque. Telegraphic transfers can be arranged (bank charges to be borne by you).
Under the Rules of the Singapore Exchange Securities Trading Limited, the settlement period is by Trade Date + 2 Market Days. For example, if you carry out a trade on Monday, the due date is on Wednesday.
For US trades, you have to pay for the shares latest by 3.00 pm (Singapore time) on T+3. For example, you place an order on Monday, 3.30 pm (Singapore time)
i.e. before US trading hours and if this order is done, you have to pay for the shares latest by Thursday, 3.00 pm ( Singapore time). Likewise, if you place an order on Tuesday, 2.30 am (Singapore time)
i.e. during US trading hours and if the order is done, you have to pay for the shares latest by Thursday, 3.00 pm. Below are some examples of settlement dates for orders placed at different times. Note : US trading is from 9.30am - 4.00pm EST
(the corresponding time in Singapore is 10.30pm - 5.00am from the last Sunday in October to the 1st Sunday in April, and 9.30pm - 4.00am from the 1st Sunday in April to last Sunday in October).
Monday, 1530 hrs
Monday, 2230 hrs
Tuesday, 0230 hrs
Tuesday, 0600 hrs
However, if one of the market days within the settlement period happens to be a public holiday in the US or Singapore, then the due date will be the next market day.
For example, if your US trade is done on Monday, and Wednesday is a public holiday, the due date will be on Friday.
Verify that “RHB Securities Singapore Pte. Ltd. – Trust Account” is the Registered Name before you proceed to confirm payment
You can pay at our Cashier Counter located at 10 Collyer Quay, #09-08, Ocean Financial Centre, Mon - Fri 9am to 5pm (close on public holidays).
Please write your cheque payable to "RHB SECURITIES SINGAPORE PTE. LTD." and send it to our office or visit our Cashier Counter.
Note: Cheque is not recommended. In effort to align with Singapore Government initative to go online and to be cheque free, RHB SEC would from 2019, be encouraging Clients to sign up for payment by EPS or GIRO which is more efficient and cost effective. Cheque payment mode would be gradually phase out cheque issuance from 2019 onwards except for payment in foreign currencies and/or Clients residing out of Singapore.
If you have signed up for EPS , you can pay us at an Automated Teller Machine(ATM), Internet Banking (Investment Services), or Phone Banking facilities provided by your designated bank. You can get the application form here.
Please click here for a form for DBS/POSB or UOB. Fill out the fields in Part 1 and return the form to us.
If you have signed up for Internet Banking facilities with your bank, you can click on our payment hotlink to OCBC, UOB, DBS and HSBC to pay us using the bill payment feature in your internet bank account.
The consumer/bill ref erence number is as follows:
UOB, DBS, HSBC, OCBC : 31xy6 digits trading account no.
[ xy refer to your dealer's/remisier's code. For customers who do not have a remisier or dealer, the code is 4Z.] Our mailing address is:
RHB Securities Singapore Pte. Ltd.
Client Services Department
10 Collyer Quay,
#09-08, Ocean Financial Centre
The settlement currency for both purchases and sales can be specified by you as SGD or at the currency of the country of the exchange when you place your orders.
If we have not received payment by the 3rd market day from the trade date, your shares will be force-sold on the 4th market day from the trade date. You should not key in any orders to sell those shares on this market day.
Please note that Electronic Payment for Shares (EPS) must be transacted before 9 p.m. on the 3rd market day from the trade date. If this is not done your shares will be force-sold on the 4th market day from the trade date.
Yes, you can trade using your CPF funds provided your CPF Investment account is linked to your trading account. When you place your order, select “CPF” for the payment mode. If your CPF Investment account is not linked to your trading account, please send an email with details below to our Investment Service Centre.
Yes, you can trade using your SRS funds provided your SRS account is linked to your trading account. When you place your order, select “SRS” for the payment mode. If your SRS account is not linked to your trading account, please send an email with details below to our Investment Service Centre.