# 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 (Issuance and Cancellation fee will be waived till 30 June 2025)

The following example illustrates the computation of the fees for Thai SDR:

Scenario |
Calculation and Explanation |
Fee Amount |

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 |

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 |

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 |

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 issuance request.

Scenario |
Calculation and Explanation |
Fee Amount |

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 |

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 |

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 |

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 |

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 |

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 |

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 |