Fees
Issuance and Cancellation Fees
The Depository charges fees to process Issuance or Cancellation requests. Issuance and Cancellation fees are as follows:
- Up to S$5 for every 1,000 SDRs or part thereof, subject to a minimum of S$50 and a maximum of S$1,000 (Issuance and Cancellation fee will be waived till 31 December 2025)
The following example illustrates the computation of the fees for Thai SDR:
| Scenario | Calculation and Explanation | Fee Amount |
| Issuance/Cancellation of 1,500 SDRs | (A) Fee for the first 1,000 SDRs = S$5 (B) Fee for the remaining 500 SDRs = S$5 Total fee = (A) + (B) = S$10, subject to a minimum of S$50, and a maximum of S$1,000 | S$50 |
| Issuance/Cancellation of 10,500 SDRs | (A) Fee for the first 10,000 SDRs = 10,000/1000 * S$5 = S$50 (B) Fee for the remaining 500 SDRs = S$5 Total fee = (A) + (B) = S$55, subject to a minimum of S$50, and a maximum of S$1,000 | S$55 |
| Issuance/Cancellation of 500,000 SDRs | Total fee for 500,000 SDRs = 500,000/1,000 * S$5 = S$2,500, subject to a minimum of S$50, and a maximum of S$1,000 | S$1000 |
The following example illustrates the computation of the fees for Hong Kong SDR. Please note there is a SGD 0.30 per lot of Hong Kong Underlying Shares per issuance request.
| Scenario | Calculation and Explanation | Fee Amount |
| Issuance of 1,500 SDRs at 1:1 ratio to Underlying Shares with lot size of 100 | Issuance of 1,500 SDRs at 1:1 ratio to Underlying Shares with lot size of 100 (A) Issuance fee for the first 1,000 SDRs =S$5 (B) Issuance fee for the remaining 500 SDRs = S$5 (C) Additional Issuance fees S$0.30 * (1,500/100) = S$4.50 Total issuance fee = (A) + (B) + (C) = S$10, subject to a minimum of S$50, and a maximum of S$1,000 + S$4.50 | S$54.50 |
| Cancellation of 1,500 SDRs | (A) Cancellation fee for the first 1,000 SDRs = S$5 (B) Cancellation fee for remaining 500 SDRs = S$5 Total cancellation fee = (A) + (B) = S$10, subject to a minimum of S$50, and a maximum of S$1,000 | S$50 |
| Issuance of 10,500 SDRs at 1:1 ratio to Underlying Shares with lot size of 100 | (A) Issuance fee for the first 10,000 SDRs = 10,000/1000 * S$5 = S$50 (B) Issuance fee for the remaining 500 SDRs = S$5 (C) Additional Issuance fees S$0.30 * (10,500/100) = S$31.50 Total issuance fee = (A) + (B) + (C) = S$55, subject to a minimum of S$50, and a maximum of S$1,000 + S$31.50 | S$86.50 |
| Cancellation of 10,500 SDRs | (A) Cancellation fee for 10,000 SDRs = 10,000/1000 * S$5 = S$50 (B) Cancellation fee for remaining 500 SDRs = S$5 Total cancellation fee = (A) + (B) = S$55, subject to a minimum of S$50, and a maximum of S$1,000 | S$55 |
| Issuance of 500,000 SDRs at 1:1 ratio to Underlying Shares with lot size of 100 | Total issuance fee for 500,000 SDRs = 500,000/1,000 * S$5 = S$2,500, subject to a minimum of S$50, and a maximum of S$1,000 Additional Issuance fees S$0.30 * (500,000/100) = S$1,500 Total issuance fee = maximum of S$1,000 + S$1,500 | S$2,500 |
| Cancellation of 500,000 SDRs | Total cancellation fee for 500,000 SDRs = 500,000/1000 * S$5 = S$2,500, subject to a minimum of S$50, and a maximum of S$1,000 | S$1,000 |
| Scenario | Calculation and Explanation | Fee Amount (Payable to Phillip Securities Pte Ltd) |
| Issuance of 1,500 SDRs | (A) Issuance fee for the first 1,000 SDRs = S$5 (B) Issuance fee for the remaining 500 SDRs = S$5 Total issuance fee = (A) + (B) = S$10, subject to a minimum of S$50, and a maximum of S$1,000 |
S$50 |
| Issuance of 10,500 SDRs | (A) Issuance fee for the first 10,000 SDRs = 10,000/1000 * S$5 = S$50 (B) Issuance fee for the remaining 500 SDRs = S$5 Total issuance fee = (A) + (B) = S$55, subject to a minimum of S$50, and a maximum of S$1,000 |
S$55 |
| Issuance of 500,000 SDRs | Total issuance fee for 500,000 SDRs = 500,000/1,000 * S$5 = S$2,500, subject to a minimum of S$50, and a maximum of S$1,000 | S$1,000 |
| Scenario | Calculation and Explanation | Fee Amount (Payable to PT Phillip Sekuritas Indonesia) |
| Issuance of 1,500 SDRs at 1:1 ratio to Underlying Shares priced at Rp 7,000 | Additional issuance fee = 1,500 * Rp 7,000 * 0.105% = Rp 11,025, subject to minimum of Rp 100,000 | Rp 100,000 |
| Issuance of 500,000 SDRs at 1:1 ratio to Underlying Shares priced at Rp 7,000 each | Additional issuance fee = 500,000 * Rp 7,000 * 0.105% = Rp 3,675,000, subject to minimum of Rp 100,000 | Rp 3,675,000 |
| Scenario | Calculation and Explanation | Fee Amount (Payable to Phillip Securities Pte Ltd) |
| Cancellation of 1,500 SDRs | (A) Cancellation fee for the first 1,000 SDRs = S$5 (B) Cancellation fee for remaining 500 SDRs = S$5 Total cancellation fee = (A) + (B) = S$10, subject to a minimum of S$50, and a maximum of S$1,000 |
S$50 |
| Cancellation of 10,500 SDR | (A) Cancellation fee for 10,000 SDRs = 10,000/1000 * S$5 = S$50 (B) Cancellation fee for remaining 500 SDRs = S$5 Total cancellation fee = (A) + (B) = S$55, subject to a minimum of S$50, and a maximum of S$1,000 |
S$55 |
| Cancellation of 500,000 SDRs | Total cancellation fee for 500,000 SDRs = 500,000/1000 * S$5 = S$2,500, subject to a minimum of S$50, and a maximum of S$1,000 | S$1,000 |
| Scenario | Calculation and Explanation | Fee Amount (Payable to PT Phillip Sekuritas Indonesia) |
| Cancellation of 1,500 SDRs at 1:1 ratio to Underlying Shares priced at Rp 7,000 each | (A) Additional cancellation fee = 1,500 * Rp 7,000 * 0.10% = Rp 10,500, subject to minimum of Rp 100,000 (B) Sales tax = 1,5000 * Rp 7,000 * 0.10% = Rp 10,500 Total additional cancellation fee = (A) + (B) = Rp 110,500 |
Rp 110,500 |
| Cancellation of 500,000 SDRs at 1:1 ratio to Underlying Shares priced at Rp 7,000 each | (A) Additional cancellation fee = 500,000 * Rp 7,000 * 0.10% = Rp 3,500,000, subject to minimum of Rp 100,000 (B) Sales tax = 500,000 * Rp 7,000 * 0.10% = Rp 3,500,000 Total additional cancellation fee = (A) + (B) = Rp 7,000,000 |
Rp 7,000,000 |
- Submitting a Issuance/Cancellation request directly to the Depository
- If you are submitting an Issuance/Cancellation request directly to the Depository, you will make the payment directly to the Depository via the following payment link: https://www.poems.com.sg/payment/
- Submitting a Issuance/Cancellation request via your broker
- If you are making your submission via your broker, your broker will be required to make payment for the Issuance/Cancellation Fees when it submits the Issuance/Cancellation request to the Depository. Your broker may pass on the Issuance/Cancellation Fees together with other fees onto you.
Corporate Action Fees
The Depository charges fees to process a Corporate Actions. Details of the fees are as follows:
| Fee | Amount |
| Corporate action fee – Cash distributions from liquidation of non-cash distributions | Up to 0.25% on gross cash distribution amount. Liquidation expenses, if any, incurred in the selling of securities received may also be charged |
| Corporate action fee – Cash distributions arising from dividends | Up to 1% on gross cash distribution amount |