General

What is (FATCA) the Foreign Account Tax Compliance Act?

Is a law that generally requires that foreign financial Institutions and certain other non-financial foreign entities report on the foreign assets held by their U.S. account holders, both individuals and corporates.

Why Thai individuals and corporates must fill in FATCA forms?

Since the FATCA legislation became effective on 1 July 2014, foreign banks and other financial organizations will be required to report information on financial accounts held directly or indirectly by US persons. An account holder is deemed to be an American if holding a U.S. citizenship or was born in the U.S. However, if an individual’s account holds any of the following seven criteria, we may need to request further information or documentation to determine if you are a US person under FATCA.

  1. US residence.
  2. US place of birth.
  3. US address including US PO boxes.
  4. US telephone number.
  5. Repeating payment instructions to pay amounts to a US address or an account maintained in the US.
  6. Current power of attorney or signatory authority granted to a person with a US address.
In care of or hold mail address which is the sole address for the account holder.

What must U.S. citizens or related persons need to do to transact business with DBSV? FATCA requires such persons to fill in the following forms:
  1. Form W-9 to declare individual or corporate U.S. citizenship and a tax identification number.
  2. Form W-8 to declare Non-U.S. citizenship and provide supporting documents.

What if a client refuses to complete FATCA forms?

DBSV reserved the rights to reject an account application.

 

Related to brokerage accounts

What should a customer who has an account with DBS and would like to open additional account do?

You can do so on the website by clicking (account opening menu) and selecting (add to existing account). Fill in the forms and select account type to open, which our representative will contact you or call our client services officer at 02-857-7171.

How can you change your account type before withdrawing, deposit/withdraw, and stock custody?

You may do so through our website with the following steps:

  1. Log-in to the website
  2. Click on (My Corner)
  3. Click (Change Default Account)
  4. Select the account number that you want to change
  5. Click (submit)

4) How do you place collaterals for margins on your stock trading and derivative accounts?

  • You can view details on placing collaterals for your stock trading account, click here
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  • You can view details on placing collaterals for your derivative account, click here click here
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  • Deposit rate and fee schedule of DBSV, click here click here
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Related to Products & Services

What products can DBSV offer for investments?

DBSV offers many interesting investment products to suit all investor types, such as bonds, debt instruments, funds, equities, derivatives, foreign products, etc. Please contact us if you are interested in any of the products. click here

What funds do we offer?

DBSV serves as a selling agent for 13 asset management companies (see below), which offer various funds to suit your investment requirements. click here

What is SMM?

Smart Money Management is a service that allows you to use the proceeds from selling mutual funds to buy stocks or use the proceeds from selling stocks to buy mutual funds.

 

Stock trading

What to do if you are unable to trade shares on your account?

You may re-do the risk suitability test via the website by logging in the website, click (My Corner) on the menu at the left, click (My Suitability Test) to re-do the test or maintain the information, but call client services officer at 02-857-7171.

What are penalty charges if clients default on payment?

If clients fail to make payment as due on their stock purchases, DBS will charge the following penalty fees:

  • Delay in payment charges of Baht 1,000 per day
  • Interest of 12% p.a. on the amount due
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What are the commissions for stock trading / derivatives / foreign stock trading?

You can view commissions for stock trading / derivatives / overseas trading click here 

What is the symbol, CA, stands for when it appears behind the stock ticker?

A corporate action (CA) is an event initiated by a public company that will bring an actual change to the issued by the company. Corporate actions are typically agreed upon by a company's board of directors and authorized by the shareholders. Examples of corporate actions include dividends, mergers and acquisitions, rights issues, and spin-offs. url : www.sec.or.th  , url : www.efinancethai.com 

What are the meaning of credit limit, line available and cash balance?

  • Credit limit is the maximum approved amount by DBSV that you can used to buy stocks up to the limit.
  • Line Available is the available amount remaining in your credit limit that you can use to buy stocks.
  • Cash balance is the cash value in your account based on your stock holdings, but is not calculated on a real-time basis and will take two days for settlement after you sell stocks.

What are collaterals for margins?

Collaterals are the required upfront funds to be deposited by clients before the purchasing power can be set. There are three different types of accounts and collateral levels, as follow:

  1. Cash balance account requires 100% upfront
  2. Cash account (ATS) requires upfront 20% of purchasing power amount
  3. TFEX requires 100% upfront

Would the collateral amount receive interest?

Clients will receive interest on the collateral amount, which the rate can be checked with your account representative.

Where can we check margin requirements for future products?

You can check the margin requirement table for future products in our website under (Important Notices) or there will be a popup after you log in to show you the margin requirements.

 

Related to technical and others

What should you do if there is a problem with using BrainBox?

You can contact your account representative or contact Digital Business Department at 08-857-7799.

What should you do if there is a problem with using Settrade Streaming?

You can contact your account representative or contact Digital Business Department at 08-857-7799.

What should you do if there is a problem with using e-Fin Stock Pickup?

You can contact your account representative or contact Digital Business Department at 08-857-7799.

What should you do if there is a problem with using Aspen for Browser?

You can contact your account representative or contact Digital Business Department at 08-857-7799.

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