THE SETTLEMENT RULE FOR US TRADES 1. This material is strictly for - PowerPoint PPT Presentation

THE SETTLEMENT RULE FOR US TRADES 1. This material is strictly for internal circulation only. 2. Use of Information and Materials The contents of this material are provided to you for information only and should not be used as a basis for making any specific investment, business or commercial decision. These pages should not be construed as an offer or solicitation for the subscription, purchase or sale of the securities, and specifically funds or any investment products, mentioned herein, or, in any jurisdiction to any person to whom it is unlawful to make such an invitation or solicitation in such jurisdiction. 3. The contents of this material, including these terms and conditions, are subject to change and may be modified, deleted or replaced from time to time and at any time at the sole and absolute discretion of Phillip Capital. 4. Timeliness, accuracy and completeness of information In particular, we assume no responsibility for or make any representations, endorsements, or warranties whatsoever in relation to the timeliness, accuracy and completeness of any services, content, information and/or data contained in the material, whether provided by PSPL, any content providers or third parties. Page 1 of 11 1 September 2010 Written by CAD

THE SETTLEMENT RULE FOR US TRADES TRADING ON UNITED STATES (“US”) MARKETS The below Frequently Asked Questions is applicable for US TRADES ONLY and is applicable to the following Phillip Securities accounts: • Cash Management Account • Cash Trading Account • Custodian Account • Margin Trading Account • Phillip Financial Account . DIRECTORY OF TERMINOLOGY S/No Term Defined by 1 Due Date DD 2 Lifted LL 3 Hong Kong Dollar HKD 4 Phillip Securities Pte Ltd PSPL 5 Singapore S’pore 6 Singapore Dollar SGD 7 Suspended SS 8 Trading Day TD 9 Transaction T 10 Transaction + Number of Trading Days : e.g. Transaction +3 Trading Days T +3 11 United States US 12 United States Dollar USD Page 2 of 11 1 September 2010 Written by CAD

THE SETTLEMENT RULE FOR US TRADES DUE DATE, PAYMENT DUE & SETTLEMENT PROCEDURES S/NO ITEM Q1 When is the Due Date (“DD”) for US Outstanding Contracts? A1 Generally, the DD of US outstanding contracts is T +3 Singapore Time . However, the DD may vary if a non-trading day is involved during the due period, for example a holiday in Singapore or the US. Please refer to examples below to determine the DD under various non-trading date scenarios either in Singapore or the US. Example 1: No holiday in Singapore and US S’pore Time Week 1 Mon Tues Wed Thurs Fri TD TD TD TD TD T T +1 T +2 T +3 DD In example 1, US shares brought on Monday will be due on Thursday Singapore Time. Example 2 Holiday in Singapore but not in US S’pore Time Week 1 Mon Tues Wed Thurs Fri TD TD TD Holiday TD T T +1 T +2 DD In example 2, US shares brought on Monday will be due on Wednesday Singapore Time as Thursday is a public holiday in Singapore. Example 3 Holiday in US but not in Singapore S’pore Time Week 1 Mon Tues Wed Thurs Fri TD TD TD Holiday TD T T +1 T +2 T +3 DD In example 3, US shares brought on Monday will be due on Friday Singapore Time as Thursday is a public holiday in the US Page 3 of 11 1 September 2010 Written by CAD

THE SETTLEMENT RULE FOR US TRADES S/NO ITEM A1 Example 4 Holidays falls on the same day in Singapore and US S’pore Time Week 1 Mon Tues Wed Thurs Fri TD TD TD Holiday TD T T +1 T +2 T +3 DD In example 4, US shares brought on Monday will be due on Friday Singapore Time as Thursday is a public holiday in Singapore and US. Example 5 Consecutive Holidays in Singapore and no holiday in the US S’pore Time Week 1 Mon Tues Wed Thurs Fri TD TD Holiday Holiday TD T T +1 DD In example 5, US shares brought on Monday will be due on Tuesday Singapore Time as Wednesday and Thursdays are public holidays in Singapore. Example 6 Consecutive Holidays in Singapore and no holiday in the US S’pore Time Week 1 Mon Tues Wed Thurs Fri TD Holiday Holiday TD TD T T +3 DD In example 6, US shares brought on Monday will be due on Thursday Singapore Time as Tuesday and Wednesday are public holidays in Singapore. Example 7 Holiday in the US and is a Trading Date (e.g. Columbus Day & Martin Luther’s Day) and no Holiday in Singapore S’pore Time Week 1 Mon Tues Wed Thurs Fri TD TD Holiday TD TD T T +1 T +2 T +3 DD In example 7, US shares brought on Monday will be due on Friday Singapore Time as Wednesday is a public holiday in the US. Page 4 of 11 1 September 2010 Written by CAD

THE SETTLEMENT RULE FOR US TRADES S/NO ITEM Q2 When must payment be received for US outstanding contracts? A2 Payment for US outstanding contract must be received on the Due Date before 5.00 pm Singapore Time. Q3 When will I know the amount to settle US outstanding contracts? A3 The amount to settle US outstanding contracts will be available on T +1 through POEMS. Example 8 No holiday in Singapore and US S’pore Time Week 1 Mon Tues Wed Thurs Fri TD TD TD TD TD T T +1 In Example 8, the amount for settlement of US outstanding contracts will be made available on Tuesday Example 9 Holiday in Singapore but not in US S’pore Time Week 1 Mon Tues Wed Thurs Fri TD Holiday TD TD TD T T +1 In Example 9, the amount for settlement of US outstanding contracts will be made available on Tuesday Example 10 Holiday in US but not in Singapore S’pore Time Week 1 Mon Tues Wed Thurs Fri TD Holiday TD TD TD T T +1 In Example 10, the amount for settlement of US outstanding contracts will be made available on Tuesday Page 5 of 11 1 September 2010 Written by CAD

THE SETTLEMENT RULE FOR US TRADES S/NO ITEM Q4 Where can I find the amount for settlement of US outstanding contracts? A4 The following steps are to view the existing amount for settlement of US outstanding contracts: (i) Login to POEMS (ii) Click on the STOCKS tab (iii) Click on ACCT MGMT tab (iv) Click on Outstanding Position tab (v) The S$ AMT column indicates the amount for settlement of that outstanding contract Important: If you do not have access to POEMS, you should call your Trading Representative to confirm the amount and make payment before the Due Date. Page 6 of 11 1 September 2010 Written by CAD

THE SETTLEMENT RULE FOR US TRADES S/NO ITEM Q5 What are the different payment modes for settlement of US outstanding contracts? A5 US outstanding contract can be settled via the following payment modes: 1. EPS 2. Phone Banking / Bill Payment 3. TT 4. Cashier’s Order 5. GIRO 6. Cheque Q6 What are the things to note for payments of US outstanding contracts via the different payment modes? A6 EPS Payment via EPS is on T +3 before 9.00 pm Singapore Time and must include the outstanding contract reference number. EPS can be made through DBS / POSB, UOB, OCBC, Citibank. Phone Banking / Bill Payment Payment via Phone Banking / Bill Payment is on T +3 before 9.00 pm Singapore Time and must include the outstanding contract reference number. DBS / POSB, UOB and OCBC, Standard Chartered and Maybank TT Payment via TT is on Cashier’s Order Payment via Cashier’s order must be issued in SGD and by a bank based in Singapore. GIRO Payment via GIRO will be effected through DBS / POSB and deduction will take place on T +4 at 12.01 am. GIRO is available only for Ordinary Cash Trading account and is not applicable to Phillip Capital Investment or Financial account. SGD Denominated Cheque Payment via SGD denominated cheque must reach PSPL latest by T +3 before 5.00 pm Singapore Time. USD Denominated Cheque Payment via USD denominated cheque will only be accepted provided they are issued from a bank based in Singapore and must reach PSPL latest by T +2 before 5.00 pm Singapore Time. HKD Denominated Cheque Payment via HKD denominated cheque will only be accepted provided they are issued from a bank based in Hong Kong and must reach PSPL latest by T +2 before 5.00 pm Singapore Time. Page 7 of 11 1 September 2010 Written by CAD