Saving for choosing T+7 Contra
Below example calculation only applicable
for normal brokerage 0.7%
How it works FOR T+7 DAY?
If you decide to pick up your shares within 7 days:
IF YOU BUY = 0.7% FOR PHONE ORDER
DF(DISCRETIONARY FEES)=0.3%
TOTAL: 1% (YOU HAVE TO PAY) SO YOU SAVE 0.4% AS T+3 CONTRA CHARGE 1.4% (WHICH BUY CHARGE=0.7% AND SELL CHARGE 0.7%)
If you decide to sell your shares within 7 days:
IF YOU BUY = 0.7% FOR PHONE ORDER
DF(DISCRETIONARY FEES)=0.3%
IF YOU SELL=0.7% FOR PHONE ORDER
TOTAL: 1.7% (YOU HAVE TO PAY) SO YOU SAVE 0.4% AS T+3 CONTRA CHARGE 2.1%
(WHICH BUY CHARGE=0.7% AND SELL CHARGE 0.7% THEN BUY BACK AGAIN 0.7%)
QUESTION & ANSWERS:
When does this promotion start/end?
This is an ongoing product feature unless otherwise notified.
Is this an automatic feature in the customer’s trading account?
No. The customer needs to come forward to sign up via a simple application process.
What is the turnaround time for approval?
For most standard cases, 2 working days is necessary.
How do I apply for this T+7 facility?
Kindly contact your remisier/dealer and they will provide you with an application form to sign up. If you do not have a remisier/dealer, just visit our nearest OSK branch and they will assist you with this application.
Why is this product superior to T+3 contra?
With this facility, you have the option to settle your purchase contracts up to T+7 days instead of T+3. This translates to substantial brokerage fees as compared to a rollover scenario.
Interested to apply T + 7 Contra?
Free download application form
(double click)
(double click)
