Resources
FAQ (Non-MCA Settlement)
Product Related
Overseas-Listed Investment Products (RWS)
    Resources
    FAQ (Non-MCA Settlement)
    Product Related
    Overseas-Listed Investment Products (RWS)

    What are the Overseas Listed Investment Products that are re-classified as Excluded Investment Products ("EIPs")?

    Overseas Listed Investment Products that are re-classified as EIPs are as below:

    • Ordinary Shares;
    • Preference Shares;
    • Deferred Shares;
    • Fully Paid Depository Receipts representing shares (e.g. ADRs);
    • Subscription Rights and;
    • Real Estate Trust.

    Listed in the following countries:

    • Australia;
    • Canada;
    • China B;
    • Hong Kong;
    • Indonesia;
    • Japan;
    • Malaysia;
    • Philippines;
    • South Korea;
    • Taiwan;
    • Thailand;
    • UK; and
    • United States (namely NYSE, NASDAQ, and AMEX)

    For Overseas Listed Investment Products (e.g. ETFs) or markets not listed above (e.g. EU markets), customers are required to complete both the Risk Warning Statement ("RWS") acknowledgement and Customer Account Review ("CAR") declaration.

    What is Risk Warning Statement ("RWS")?

    The Risk Warning Statement highlights the key risks that customers should be aware of when trading Overseas Listed Investment Products, such as:

    • Level of investor protection and safeguards afforded in the relevant foreign jurisdiction;
    • Differences between the legal systems in the foreign jurisdiction and Singapore;
    • Tax implications, currency risks, and additional transaction costs that may be incurred;
    • Exposure to counterparty and correspondent broker risks;
    • Political, economic and social developments that may influence the overseas markets;

    These and other risks may affect the value of investment and customers need to understand them before they trade in Overseas Listed Investment Products.

    How will the Risk Warning Statement affect retail investors like me?

    ALL retail customers, including Primary Account Holders, Joint Account Holders and Mandates, are required to read carefully and acknowledge the Risk Warning Statement if they wish to trade in any of the Overseas Listed Investment Products.

    This requirement applies to all Overseas Listed Investment Products regardless of whether the customer has or has not been deemed to possess the relevant knowledge/ experience pursuant to a CAR assessment.

    For more information, please contact your Trading Representative or call our Customer Service at (65) 6327 2288.

    When do I need to acknowledge the Risk Warning Statement, should I wish to trade Overseas Listed Investment Products?

    DBS Vickers will implement the regulatory requirement on Risk Warning Statement on and from 28 February 2013.

    Therefore, you are strongly encouraged to read carefully and acknowledge the Risk Warning Statement early to avoid any disruption to your trading activities. If you need any assistance, kindly contact your Trading Representative.

    How can I submit my acknowledgement of the Risk Warning Statement?

    The Primary Account Holder, Joint Account Holder (if any) and Mandate(s) (if any) can submit their acknowledgement of RWS via one of the following ways:

      • Log in to your online trading account if you are an online account holder. Acknowledge receipt of the Risk Warning Statement by going to "My Account > Account Management > Overseas Listed Investment Products"; or

    Can I still sell my existing holdings of Overseas Listed Investment Products if I do not acknowledge the Risk Warning Statement?
    You can still liquidate/close out your existing holdings of Overseas Listed Investment Products if you do not acknowledge the Risk Warning Statement. However, you would need to acknowledge the Risk Warning Statement should you wish to purchase any Overseas Listed Investment Product(s).
    If I have multiple trading accounts with DBS Vickers, do I need to acknowledge the Risk Warning Statement for every trading account?
    The Primary Account Holder only needs to acknowledge the Risk Warning Statement once and the acknowledgement will be applied to all the Individual trading accounts that he/she has maintained with DBS Vickers. However, the Joint Account Holder (if any) and Mandate(s) (if any) are required to sign all Risk Warning Statement Form(s) for the trading account(s) that they are authorised to operate.