If you are a non-US resident who holds any PTP securities in your portfolio, consider taking any action you deem fit before 1 January 2023. We urge you to review your current holdings with us. (b) with effect from 1 January 2023, OCBC Securities will also cease to accept Sell orders.* (a) with effect from 27 December 2022, OCBC Securities will cease to accept all Buy orders and transfer-in requests for US PTP securities * and Read Moreįurther to our earlier notices on the new 10% US Withholding Tax to be imposed on PTP interest, please be informed that due to the complexity of the withholding tax under Internal Revenue Code (IRC) Section 1446(f): *Cheques will still be allowed for margin and share borrowing accounts until further notice. Select “Account Details” to view your TR’s contact details.Select “More” and 'Account Details' to view your TR's contact details.

Alternatively, you can reach out to your Trading Representative, or contact us at sure who your Trading Representative is? Follow these three simple steps to find out. You can withdraw the funds from your trading account by contacting your Trading Representative.įor more information on this initiative, please read our Frequently Asked Questions. If you do not set up any electronic payment arrangements, proceeds from sale or contra will be credited directly into your OCBC Securities trading account from onwards. If you have not previously provided us with instructions to deduct from or credit funds to your bank account via GIRO, EPS or telegraphic transfer, please do so by.

From, we will be going cheque-free for all trade and contra transactions*. We have gone cheque-free for corporate action transactions and cash distributions in August 2021. As part of Singapore’s aim to go cheque-free by 2025 and SGX’s ongoing sustainability drive to go paperless and cheque-free, we too are aligning with this goal progressively.

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