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 (SDR Issuance and Cancellation fee will be waived till 30 June 2026 for Thailand and Indonesia only)
- For Hong Kong SDR Issuance and Cancellation fees: A flat fee of S$50.00 (Prevailing GST applies) per counter per transfer will apply for request received from 01 January 2026 onwards.
- For Hong Kong SDR Issuance: Additional fees of S$0.30 (Prevailing GST applies) per Board Lot of Hong Kong underlying Securities for every Issuance request per counter per transfer.
The Depository charges fees to process Issuance or Cancellation requests. Issuance and Cancellation fees are as follows:
The following example illustrates the computation of the fees for Thai SDR:
| Scenario | Calculation and Explanation | Original Fee Amount | From 01 January 2026 |
| 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 | S$50 (Waived) |
| 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 | S$55 (Waived) |
| 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 | S$1,000 (Waived) |
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 counter per transfer request.
| Scenario | Calculation and Explanation | Original Fee Amount | From 01 January 2026 |
| 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 | 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 | 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 | S$81.50 |
| 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 | S$50 |
| 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 | S$1,550 |
| 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 | S$50 |
The following example illustrates the computation of the fees for Indonesia SDR:
| Scenario | Calculation and Explanation | Original Fee Amount (Payable to Phillip Securities Pte Ltd) | Fee Amount (Payable to Phillip Securities Pte Ltd) From 01 January 2026 |
| 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 | S$50 (Waived) |
| 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 | S$55 (Waived) |
| 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 | S$1,000 (Waived) |
| 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) |
Fee Amount (Payable to Phillip Securities Pte Ltd) From 01 January 2026 |
|
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 |
S$50 (Waived) |
|
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 |
S$55 (Waived) |
|
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 |
S$1,000 (Waived) |
|
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 |
Payment for the fee differs depending on how your Issuance or Cancellation request is lodged.
- 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 |