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Notice of Changes to BOC Private Banking (Singapore) Fee Schedule (Effective from 1 January 2024)


2023-11-15

Dear Valued Customer,

In aligning with our ongoing commitment to serve you better, we will be revising the BOC Private Banking (Singapore) Fee Schedule with effect from 1 January 2024. The details of changes are as follows:

LISTED SECURITIES COMMISSIONS
United States Market Note 2 0.4% of contract value (subject to a minimum of US$100 (exclusive GST) /US$109 (inclusive of GST) or its equivalent in the relevant foreign currency)
Hong Kong Market (Including Hong Kong Stock Connect) Note 2 0.4%  of contract value (subject to a minimum of HK$800 (exclusive GST) /HK$872 (inclusive GST) or its equivalent in the relevant foreign currency)
All other markets Note 2 0.5%  of contract value (subject to a minimum of US$ 100 (exclusive GST) /US$109 (inclusive GST) or its equivalent in the relevant foreign currency)
PROCESSING RELATED FEES
Conversion Fee for HKEX HKD-RMB Dual Counter Note 2 HK$300 (exclusive of GST) or its equivalent per conversion plus any exchange charges if applicable
HK$327 (inclusive of GST) or its equivalent per conversion plus any exchange charges if applicable
FOREIGN EXCHANGE PRODUCTS
Spread Up to 2% of the notional amount
REFERRAL FEE
Up to 60% of the commission received from third party referrer, unless otherwise stated.
IMPORTANT NOTES
Note 1: Inward/Outward remittance may incur agent banks' charges.
Note 2:The fee/charge/commission is subject to 9% GST if the service is provided to a customer who “belongs in Singapore" based on the guidelines of the Inland Revenue Authority of Singapore and the Goods and Services Tax Act1993.
OUR AFFILIATION WITH PRODUCT ISSUERS AND FUND HOUSES
Bank of China Limited, Singapore Branch (“the Bank”) is an overseas branch of Bank of China Limited ("BOC"). The Bank's Private Banking Department engages third party product issuers and fund houses and other product providers (which may be members of the BOC group and/or other departments of the Bank). Any of these providers may, from time to time, engage in various financial deals, or assume advisory roles or act as a book runner, issuer or arranger of a product that it sells, recommends, offers or refers to clients, and thereby derive remuneration.

If you have any enquiries, please contact Private Banking (Singapore) at +65 6412 8338 or +65 6412 8332 during business hours (From Monday to Friday 09:00 to 15:30).

Thank you for your continuous support.

Bank of China Limited, Singapore Branch
15 November 2023

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