RHB Bank Singapore Best Execution Policy for Capital Market Products
1. | Introduction | ||||||
1.1 | Pursuant to the Notice on the Execution of Customers’ Orders (SFA 04-N16) and accompanying Guidelines (SFA 04-G10) issued by the Money Authority of Singapore, RHB Bank Berhad Singapore (“RHB Bank Singapore” or “we”) is required to establish a written policy on the: | ||||||
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2. | Scope and Application of Best Execution | ||||||
2.1 |
When we accept your order in relation to capital market products identified under the Securities and Futures Act 2001 (“SFA”), we will execute the transaction on your behalf or place your order with others for execution. We will apply best execution in such circumstances, or in other circumstances where we have expressly agreed to exercise best execution in accordance with this Best Execution Policy. |
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2.2 |
This Best Execution Policy applies to transactions where we act in our capacities as principal or agent. |
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2.3 |
This Best Execution Policy is not applicable to our clients who are institutional investors. |
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3.1 |
Where you give us a specific instruction in relation to an order, we will follow that instruction so far as is reasonably possible when executing the trade. By following your specific instruction, we will have satisfied the obligation to provide you with best execution in relation to that transaction. |
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4. | Best Execution Factors | ||||||
4.1 |
In order to place or execute your orders for OTC Derivatives, Structured Products, and Foreign Exchange (Forwards and NDFs), Bonds and Fixed Income on the best available terms, we will consider the following factors when we are acting in our capacity as principal:
Likelihood of settlement – we expect transactions that we execute to settle in a timely fashion.
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4.2 |
We may also take into consideration the following general criteria when determining how to achieve best execution of the order:
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4.3 |
For the activities relating to Initial Public Offerings (IPO) and Private Placements (PP), we may not be able to guarantee your placement as it depends on the Issuer’s confirmation where factors such as timing of order, investor’s profile may be considered. |
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4.4 |
We reserve the right to intervene in the execution if such orders would result in adverse market movement (e.g. large orders). |
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5. | Execution Venues | ||||||
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6. | Monitoring and Review | ||||||
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