Online Trading Account Opening Form

| Terms and Conditions

Terms and Conditions and Fee Schedule Relating to Online Trading

Terms and Conditions
Please read the Terms and Conditions before opening your Online Trading Account.
Brokerage and Market Fees
Please read the Brokerage and Market Fees for Online Trading.
There will be a minimum brokerage fee applicable to all trades placed via our Online Equities Trading platform and executed on or after 1st August 2016 (i.e. with a Trading Day from 1st August 2016). Minimum brokerage fees remain not applicable to Priority Banking clients. For more information, please refer to our FAQ or contact our Online Trading Hotline from Monday to Friday at 1800-242-5333 (or +65 6242 5333, if calling from overseas).
 

Next

| 2. Customer Account Review

Customer Account Review

The Customer Account Review allows me to ascertain whether I have the relevant knowledge or experience to understand the risks and features of the product before proceeding with my application to open an account to trade in listed Specified Investment Products (such as foreign stocks, exchange-traded funds and other listed securities with embedded derivatives). Any inaccurate or incomplete information provided by me may affect the outcome of the Customer Account Review.


Please answer the questions below:



*Indicates a required field

Education

Do you hold any of the following relevant academic qualifications?*
Yes, I have Diploma or Higher qualification in

Professional Qualifications

Do you hold any of the following relevant professional finance-related qualifications?*
Yes

Work Experience

Do you have work experience in an investment-related field?*
Yes, I have at least 3 continuous years, in the last ten years, in the following field related to investment products*.

*"Investment Product" includes securities, future contracts, contracts or arrangements for the purpose of foreign exchange trading, contracts or arrangements for the purpose of leveraged foreign exchange trading, any life policy, structured deposits and any other product as may be prescribed.

Investment Experience

Do you have investment experience in listed Specified Investment Products (SIP)** and have transacted at least six (6) times in the last three (3) years?*
Yes, when did you last transact in listed SIP e.g. listed equities?

** Listed Specified Investment Products includes, exchange traded funds or listed securities traded on an exchange outside Singapore

Accredited Investor

Have you declared yourself as an Accredited Investor with Standard Chartered Bank (Singapore) Limited in the last one year?*

(Note: If you selected “Yes”, we will assess your eligibility to open an Online Trading account with us based on the validity of your status as an Accredited Investor. We may follow up with you to obtain additional information)

| Personal Details

* Indicates a required field

Identification of the Account Holder [1]

Salutation / Title*
Full Name As in NRIC/Passport*
Date of Birth*
(DD/MM/YYYY)
NRIC/Passport*
For Singaporeans and PRs, please indicate your NRIC number. Please note that the first and last alphabets are required. (E.g. S1234567J). For foreigners, please indicate your passport number.
Country of birth*
Nationality / Citizenship*
Email Address*
Current Residential Address*
 
City*
 
State
 
Postal Code
 
Country*
 
Current Mailing Address*
 
City*
 
State
 
Postal Code
 
Country*
It's OK to contact you
*Please ensure that the details entered in the above fields are as per bank records to ensure successful processing of your application.
I confirm the above personal information is current and accurate
Country of Residence

Acknowledgement and Certification

  • I acknowledge that the information contained in this Form and information regarding the Account Holder and any Reportable Account(s) may be provided, directly or indirectly, to any relevant tax authority, including the tax authorities of the country in which the account(s) is/are maintained and exchanged with tax authorities of another country or countries in which the Account Holder may be resident for tax purposes pursuant to bilateral or multilateral agreements between governments to exchange financial account information.
  • I certify that I am the Account Holder of all of the account(s) to which this Form relates. I declare that all statements made in this declaration are, to the best of my knowledge and belief, correct and complete.
  • I understand that the information supplied by me is subject to the terms and conditions governing the Account Holder’s relationship with Standard Chartered Bank and its subsidiaries and affiliates where the Account Holder’s financial relationship is maintained.
  • I undertake to submit a suitably updated form within 30 days of any change in circumstances which affects the tax residency status of the Account Holder or where any information contained herein to become incorrect.

Note:

[1] In case you find that your personal information is incorrectly mentioned above, please visit any of our branches along with relevant documents where we will be happy to assist you.
[2] Substantial Presence Test for US
[3] Further CRS-related information can be found on the websites listed below:
Standard Chartered CRS website https://www.sc.com/en/banking-services/CRS.html
Organisation for Economic Cooperation and Development (OECD) website http://www.oecd.org/tax/automatic-exchange/
[4] Instructions to complete the above fields are provided in this link.
[5] Click here for the Definitions for terms used in the above form.
[6] As we require additional information / documentation from all the account holders, you will be unable to create a TD online for jointly held accounts. To create a Term Deposit account from your jointly held account, please visit your nearest branch, where we will be happy to assist you.
Back Back Next

| Select of Markets

All fields are mandatory

Selection of Markets

a) I hereby authorize Standard Chartered Bank (Singapore) Limited to debit / credit my settlement account assigned for each market automatically to make good the settlement on the shares transaction.
b) This authorization will remain in force until terminated by my written notice sent to my address or upon the receipt of my written revocation through Standard Chartered Bank (Singapore) Limited.
Accounts to open
Please tick the markets and the corresponding currency you want to trade in. A separate account is required for each currency.
AUD account will be opened
JPY account will be opened
HKD and USD accounts will be opened
SGD, HKD, USD, AUD, EUR and JPY accounts will be opened
EUR account will be opened
CHF, EUR, GBP and USD accounts will be opened
EUR and USD accounts will be opened
EUR and USD accounts will be opened
EUR, GBP, USD, JPY, SGD accounts will be opened
USD account will be opened

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Back Back Next

| 5. Customer Declaration

Declaration

Know Your Investment Risk (KYIR) – Equities Trading


(a) Price fluctuation - You should be aware that the price and value of any investment in equities and the income (if any) may fluctuate and may fall. An individual equity may experience downward price movements and may even become valueless under some circumstances. You should be prepared that losses may occur, rather than gains, as a result of buying and selling equities.


(b) Suspension or Restriction of Trading - Market conditions and/or the operation of the regulations of certain markets will make it difficult or impossible to effect certain transactions or liquidate positions. In such cases, you may face a higher risk of loss.


(c) Warrants - A warrant is a time-limited right to subscribe for equities and is exercisable against the original issuer of the underlying Equities. If you do not exercise your right within the stated period, your investment will become valueless.


(d) Margin Trading – Not permitted. In addition, securities in your settlement account(s) may not be pledged as collateral for any loan.


(e) Commission, Fees, Interest and Other Charges - You should be clear as to all commissions, fees, interest and charges, including charges for the custody of your shares, and understand that all these charges may affect your final net profit or loss.


(f) Transactions in Other Jurisdictions - Before transacting in different markets, you should be aware that each market is subjected to different jurisdictions. Some markets may be subjected to rules that offer different or diminished investor protection, which may expose you to additional risks.


(g) Foreign Exchange Risk - You should be aware that your investments can be negatively affected by foreign exchange risk if your holdings are denominated in foreign currencies.


(h) Specified Investment Products - Please note that stocks listed on an exchange other than SGX and all exchange- traded funds are Specified Investment Products.

At Standard Chartered Bank (Singapore) Limited, we aim to provide excellent customer service. Should you require any assistance, please contact us at our 24 hour Online Trading hotline: 1800 242 5333. If you have any issue with any product that you have purchased from us, or are dissatisfied with the way in which we have handled your complaint in relation to your purchase of the product, you can approach the Financial Industry Dispute Resolution Centre (“FIDReC”) for an independent review and resolution of your complaint. For more information on FIDReC, please visit their website at www.fidrec.com.sg.


RISK WARNING STATEMENT - Overseas-Listed Investment Products

RISK WARNING

An overseas-listed investment product* is subject to the laws and regulations the of jurisdiction it is listed in. Before you trade in an overseas listed investment product or authorise someone else to trade for you, you should be aware of:
  • The level of investor protection and safeguards that you are afforded in the relevant foreign jurisdiction, as the overseas-listed investment product would operate under a different regulatory regime.
  • The differences between the legal systems in the foreign jurisdiction and Singapore that may affect your ability to recover your funds.
  • The tax implications, currency risks, and additional transaction costs that you may have to incur.
  • The counterparty and correspondent broker risks that you are exposed to.
  • The political, economic and social developments that influence the overseas markets you are investing in.

These and other risks may affect the value of your investment. You should not invest in the product if you do not understand or are not comfortable with such risks.

*An "overseas-listed investment product" in this statement refers to a capital markets product that is listed for quotation or quoted only on overseas securities exchange(s) or overseas futures exchange(s) (collectively referred to as "overseas exchanges").

  1. This statement is provided to you in accordance with paragraph 29D of the Notice on the Sale of Investment Products [SFA04-N12].
  2. This statement does not disclose all the risks and other significant aspects of trading in an overseas-listed investment product. You should undertake such transactions only if you understand and are comfortable with the extent of your exposure to the risks.
  3. You should carefully consider whether such trading is suitable for you in light of your experience, objectives, risk appetite, financial resources and other relevant circumstances. In considering whether to trade or to authorise someone else to trade for you, you should be aware of the following:

Differences in Regulatory Regimes

  1. Overseas markets may be subject to different regulations, and may operate differently from approved exchanges in Singapore. For example, there may be different rules providing for the safekeeping of securities and monies held by custodian banks or depositories. This may affect the level of safeguards in place to ensure proper segregation and safekeeping of your investment products or monies held overseas. There is also the risk of your investment products or monies not being protected if the custodian has credit problems or fails. Overseas markets may also have different periods for clearing and settling transactions. These may affect the information available to you regarding transaction prices and the time you have to settle your trade on such overseas markets.
  2. Overseas markets may be subject to rules which may offer different investor protection as compared to Singapore. Before you start to trade, you should be fully aware of the types of redress available to you in Singapore and other relevant jurisdictions, if any.
  3. Overseas-listed investment products may not be subject to the same disclosure standards that apply to investment products listed for quotation or quoted on an approved exchange in Singapore. Where disclosure is made, differences in accounting, auditing and financial reporting standards may also affect the quality and comparability of information provided. It may also be more difficult to locate up-to-date information, and the information published may only be available in a foreign language.

Differences in legal systems

  1. In some countries, legal concepts which are practiced in mature legal systems may not be in place or may have yet to be tested in courts. This would make it more difficult to predict with a degree of certainty the outcome of judicial proceedings or even the quantum of damages which may be awarded following a successful claim.
  2. The Monetary Authority of Singapore will be unable to compel the enforcement of the rules of the regulatory authorities or markets in other jurisdictions where your transactions will be effected.
  3. The laws of some jurisdictions may prohibit or restrict the repatriation of funds from such jurisdictions including capital, divestment proceeds, profits, dividends and interest arising from investment in such countries. Therefore, there is no guarantee that the funds you have invested and the funds arising from your investment will be capable of being remitted.
  4. Some jurisdictions may also restrict the amount or type of investment products that foreign investors may purchase. This can affect the liquidity and prices of the overseas-listed investment products that you invest in.

Different costs involved

  1. There may be tax implications of investing in an overseas-listed investment product. For example, sale proceeds or the receipt of any dividends and other income may be subject to tax levies, duties or charges in the foreign country, in Singapore, or in both countries.
  2. Your investment return on foreign currency-denominated investment products will be affected by exchange rate fluctuations where there is a need to convert from the currency of denomination of the investment products to another currency, or may be affected by exchange controls.
  3. You may have to pay additional costs such as fees and broker’s commissions for transactions in overseas exchanges. In some jurisdictions, you may also have to pay a premium to trade certain listed investment products. Therefore, before you begin to trade, you should obtain a clear explanation of all commissions, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss.

Counterparty and correspondent broker risks

  1. Transactions on overseas exchanges or overseas markets are generally effected by your Singapore broker through the use of foreign brokers who have trading and/or clearing rights on those exchanges. All transactions that are executed upon your instructions with such counterparties and correspondent brokers are dependent on their respective due performance of their obligations. The insolvency or default of such counterparties and correspondent brokers may lead to positions being liquidated or closed out without your consent and/or may result in difficulties in recovering your money and assets held overseas.

Political, Economic and Social Developments

  1. Overseas markets are influenced by the political, economic and social developments in the foreign jurisdiction, which may be uncertain and may increase the risk of investing in overseas-listed investment products.

Indemnity for phone, facsimile or other electronic instructions for certain instructions. (not available for “joint &” accounts)


Notwithstanding the terms of any existing or future mandate or other agreement or course of dealing between you and me, I, the undersigned, hereby request and authorise you (but you are not obliged) to act on any instructions or communication for any purpose (including but not limited to the operation of all my accounts and in respect of credit and/or other facilities or banking arrangements with you) which may from time to time be or purport to be given by telephone, facsimile, electronic mail or any other form of telephonic or electronic communication over any medium (including but not limited to the internet) by me (including those empowered to operate my account(s) with you). I agree that any documents exchanged via such media and the written confirmation you send me following the telephone conversation shall form the record of the transaction. I understand and acknowledge that the risks involved in sending my instruction to you via the telephone, facsimile, untested telexes, telegraph, cable or any other form of electronic communication and hereby agree that all risks shall be fully borne by me and you will not be liable for any losses or damages arising provided you have acted in good faith. In consideration of your agreeing to act on the above instructions or communication, I agree and undertake:-


(a) that you are authorised (but not obliged) to record the telephone conversations between me and you, in writing or by tape or other means as you may determine, and your records shall be conclusive and binding on me. You may dispose of such written records and erase such tapes after the expiration of such period as you deem fit;


(b) that you may (but shall not be obliged to) require the above instructions or communication to contain an identification code or test specified by you from time to time and I shall ensure the secrecy and security of such code or test and shall be responsible for any improper use of such code or test;


(c) that you may, under circumstances determined by you, require from me/us confirmation of any of the above instructions or communication in such form as you may specify before acting on the same;


(d) that you may, at your absolute discretion and without notice to me, refuse to act or delay in acting on any of the above instructions or communication in any circumstances as you may deem appropriate, including without limitation, in the absence or delay of any code, test or confirmation specified by you pursuant to paragraph (b) or (c) above (in which event you shall have the absolute discretion to determine the disposal of the relevant instruction or communication), without any responsibility or liability whatsoever on your part for any such refusal or delay in acting as a result;


(e) that where any instruction or communication is given by facsimile followed by delivery of the original instruction or communication, the fact that the same has been given by facsimile and the date of the facsimile shall be unequivocally annotated on the original copy, which annotation shall be conclusive and binding on me. Notwithstanding the foregoing, you will not be liable for any consequences due to the absence of such annotation in any case including (without limitation), in the case of payment instructions, any losses arising from any payment or funds transfer effected in duplicate by you as a result;


(f) that you will not be liable for any failure or delay in acting on any of the above instructions or communication by reason of any breakdown or failure of transmission or communication equipment or facilities for whatsoever reason, or breakdown of or delay or error in transmission or communication (including without limitation any misdirection of the above instructions or communication within the Bank) for any reason, or any cause beyond the control of the Bank;


(g) that provided that the Bank officer concerned believed the instruction to be genuine at the time it was given, you may (but shall not be obliged to) act as aforesaid without inquiry as to the identity or authority of the person giving or purporting to give any instruction or the authenticity of any telegraph or cable or telephone or untested telex or fax message or any other form of electronic communication and may treat the same as fully authorised by and binding on me/us, regardless of the circumstances prevailing at the time of the instruction or amount of the transaction and notwithstanding any error, misunderstanding, lack of clarity, fraud, forgery or lack of authority in relation thereto, and without requiring further confirmation or authentication or separate independent verification in any form;


(h) (if there are two or more of us, jointly and severally) to fully and completely indemnify you on demand against all claims, actions, proceedings, costs and expenses (including legal costs on an indemnity basis), damages, losses, and all other liabilities of whatsoever nature or description which may be brought against or made or taken or incurred or suffered by you in connection with (whether directly or indirectly) or from your acting on any of the above instructions or communications.


Customer declaration


I apply to open Account(s) and/or purchase Investment Products with Standard Chartered Bank (Singapore) Limited (the ‘Bank’). I acknowledge that I have read and understood fully all the Bank’s prevailing Terms and Conditions (Customer Terms/Current /Cheque/Savings Account and Time Deposit Terms/Investment Product Terms/Online Trading Terms) and agree to be bound by them in connection with all Accounts opened by me and/or Investment Products purchased or to be purchased with the Bank. I further agree to be bound by any additional terms and conditions governing any facilities, products and/or services offered by the Bank as I may apply for and/or utilize from time to time. I represent that the information provided by me in this form and in any document(s) furnished or to be furnished by me is true, accurate and complete. I also hereby agree and confirm that all my instructions provided to the Bank by me in form (on all pages) are correct and that the Bank is fully authorised and entitled to act and rely on the said instructions and I agree to be bound by them. I acknowledge that the Bank may decline my application without providing any reason, in which event no contractual relationship will arise between the Bank and me.


I acknowledge and understand that this document contains a brief summary of some (and not all) of the product terms, features and risk disclosures and is not meant to be an exhaustive summary. I have read and understood the Customer Terms, Current/Cheque/Saving Account and Time Deposit Terms, Investment Product Term. I understand that I should seek independent legal and / or financial advice regarding the product, if I deem it necessary


I acknowledge that I have read and understood the contents of the Risk Warning Statement on Overseas-Listed Investment Products.



If this application is not successfully completed, Standard Chartered or our appointed agents and/or representatives may contact you via e-mail and/or telephone to assist you in completing the said application. By clicking “Next”, you consent to us using your information above and contacting you via email and/or telephone for the purposes of completing this application.

If this application is not successfully completed, Standard Chartered or our appointed agents and/or representatives may contact you via e-mail and/or telephone to assist you in completing the said application. By clicking “Next”, you consent to us using your information above and contacting you via email and/or telephone for the purposes of completing this application.

Instructions to Complete:

US Status

Are you a US Resident? Enter ‘Yes’ if the Account Holder is a US Resident. Otherwise enter ‘No’.
Are you a US Citizen? Enter ‘Yes’ if the Account Holder is a US Citizen. Otherwise enter ‘No’.
Are you holding a U.S. Permanent Resident Card (Green Card)? Enter ‘Yes’ if the Account Holder has a right of lawful permanent residence / holds a US Permanent Resident Card (“Green Card”) issued by the US Government. Otherwise enter ‘No’.


Tax Residence Information

Tax Residence / Citizenship Information Please complete the table indicating (i) where the Account Holder is resident for tax purposes and (ii) the Account Holder’s Taxpayer Identification Number of functional equivalent (hereafter referred to as ‘TIN’) for each country indicated.

The requirement to pay tax in a particular country does not necessarily signify tax residence in that country; it is possible to have to pay tax in a country in which one is not tax resident, and not to have to pay tax in a country in which one is tax resident. Whether a person is tax resident in a particular country depends on whether that person meets the definition of a tax resident under the tax laws of that country.

If the Account Holder is a dual citizen, enter the country where the Account Holder is both a citizen and a resident at the time you complete this Form. If the Account Holder is not a resident in any country in which the Account Holder has citizenship, enter the country of citizenship where the Account Holder was most recently a resident. However, if the Account Holder is a US citizen, you should also provide a Form W-9.

If a TIN is unavailable, please provide the appropriate reason A, B or C. If you have selected reason B, please explain why the Account Holder is unable to obtain a TIN.

Definitions:

The following is a non-exhaustive list of selected terms to assist you with the completion of this Form. Should you have any questions, please contact your tax, legal and/or other professional advisor.

• Account Holder: The term ‘Account Holder’ means the person listed or identified as the holder of a Financial Account. A person, other than a Financial Institution, holding a Financial Account for the benefit of another person as an agent, a custodian, a nominee, a signatory, an investment advisor, an intermediary, or as a legal guardian, is not treated as the Account Holder. In these circumstances that other person is the Account Holder. For example in the case of a parent/ child relationship where the parent is acting as a legal guardian, the child is regarded as the Account Holder. With respect to a jointly held account, each joint holder is treated as an Account Holder.

• Financial Account: A Financial Account is an account maintained by a Financial Institution and includes: Depository Accounts; Custodial Accounts; Equity and debt interest in certain Investment Entities; Cash Value Insurance Contracts; and Annuity Contracts.

• Participating Jurisdiction: A Participating Jurisdiction means a jurisdiction with which an intergovernmental agreement is in place pursuant to which it will provide the information required on the automatic exchange of financial account information set out in the CRS.

• Reportable Account: A Reportable Account is a Financial Account that is maintained by a Reporting Financial Institution and that, pursuant to due diligence procedures consistent with CRS, has been identified as an account that is held by one or more persons that are Reportable Persons with respect to another Jurisdiction or by a Passive NFE with one or more Controlling Persons that are Reportable Persons with respect to another Jurisdiction.

• Reportable Jurisdiction: A Reportable Jurisdiction is a Participating Jurisdiction with which an obligation to provide financial account information is in place.

• Reportable Person: The CRS defines the Account Holder as a 'Reportable Person'. A Reportable Person is further defined as an individual who is tax resident in a Reportable Jurisdiction under the laws of that jurisdiction.

• Tax Identification Number (TIN): A Taxpayer Identification Number or a functional equivalent in the absence of a TIN. A TIN is a unique combination of letters or numbers assigned by a jurisdiction to an individual or an Entity and used to identify the individual or Entity for the purposes of administering the tax laws of such jurisdiction. Some jurisdictions do not issue a TIN. However, these jurisdictions often utilise some other high integrity number with an equivalent level of identification (a 'functional equivalent'). Examples of that type of number include, for individuals, a social security/ insurance number, citizen/personal identification/service code/number, and resident registration number.

• US Citizen: An individual who is a US citizen. “US” as used in this definition refers geographically to any State of the United States including the District of Columbia. “US” includes additionally a person born in the US Territories (American Samoa, Guam, Northern Mariana Islands, US Virgin Islands and Puerto Rico) who will be deemed a US Citizen.

• US Person: A US person is defined in section 7701(a) (30) of the Internal Revenue Code and includes an individual who is a citizen or resident of the US.

• US Resident: An Individual who is a person ordinarily living in the US; or any other person who satisfies the Substantial Presence Test defined by the IRS. For the avoidance of doubt, a Client will be treated as a US Resident unless proven otherwise if he declares to the Bank that he resides in the US, or is a US Person and provides a current US residential address to the Bank. “US” as used in this definition refers geographically to any State of the United States, the District of Columbia, and the US Territories (American Samoa, Guam, Northern Mariana Islands, US Virgin Islands and Puerto Rico).