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ETF clearing fees

ETF clearing fees

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wsreader Offline
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#1
03-06-2015, 05:21 PM
Hidden within ths SGX announcement is the following "SGX will be waiving ETF clearing fees for both institutional and retail investors from 1 June 2015 to 31 December 2015."

http://infopub.sgx.com/Apps?A=COW_CorpAn...0d368c9ff4


Has any VBuddies done any ETF trades this month and can confirm that the clearing fees is indeed waived?

I find it strange that there is no publicity regarding this ETF promotion, unlike the "$10 min brokerage for smaller board lots promotion", so just wanna confirm.

Thanks.
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Shrivathsa Offline
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#2
04-06-2015, 11:21 AM
In reality the clearing fee is a very small one, to place it in perspective, it is 0.05% of transaction value.

For example, if we buy 100 units of STI ETF @ 3.39, the clearing fee is 16.95 cents and it is really insignificant against the transaction value of 339 SGD.

I can confirm this as I did a trade on STI ETF day before yesterday
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