GLOBALINKS does not impose a minimum volume per trade, but the market price of your security determines the minimum number of shares that you can buy or sell. Table below shows the corresponding Board Lot and Tick Size for various stock prices.
BOARD LOT AND PRICE FLUCTUATION TABLE |
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STOCK PRICE RANGE |
TICK SIZE |
BOARD LOT |
0.0001 to 0.0099 |
0.0001 |
1,000,000 |
0.0100 to 0.0490 |
0.0010 |
100,000 |
0.0500 to 0.2490 |
0.0010 |
10,000 |
0.2500 to 0.4950 |
0.0050 |
10,000 |
0.5000 to 4.9900 |
0.0100 |
1,000 |
5.0000 to 9.9900 |
0.0100 |
100 |
10.0000 to 19.9800 |
0.0200 |
100 |
20.0000 to 49.9500 |
0.0500 |
100 |
50.0000 to 99.9500 |
0.0500 |
100 |
100.1000 to 199.9000 |
0.1000 |
10 |
200.2000 to 499.8000 |
0.2000 |
10 |
500.5000 to 999.5000 |
0.5000 |
10 |
1,000.000 to 1,999.000 |
1.0000 |
5 |
2,000.000 to 4,998.000 |
2.0000 |
5 |
5,000.000 and above |
5.0000 |
5 |
Generally, Orders can be posted or instructed as Good-Till-Day (GTD). However, you may also post online or instruct your GLOBALINKS Salesman to post Good-Till-Cancelled (GTC) and Good-Till-Week (GTW) orders.
Orders, whether posted online or instructed to a GLOBALINKS Salesman, shall be posted immediately in the Exchange, however, matching of Orders shall depend if your Order has been matched by a counterpart Order in the Exchange.
For GTRADE users, the matched purchase or sale transaction shall be reflected in your portfolio. For non-online clients, your GLOBALINKS Salesman shall send an e-mail confirmation within the Trade Date that your Order has been posted and matched. If you immediately want to know the status of your order, you may call our Trading Desk at (+632) 7368-2914
You may modify or cancel an Order for as long as they have not been matched. No Orders can be cancelled during the Pre-Open No Cancel and Pre-Close No Cancel periods.
You may post or instruct Orders after PSE Trading Hours, but it shall be posted on the following PSE Pre-Open period on a first-come, first-served basis.
GTRADE and GLOBALINKS does not allow execution of short sale transactions.
GLOBALINKS has no margin or credit facility available at the moment
GLOBALINKS does not charge any additional or handling fees other than mentioned in Section Summary of Fees and Charges herein.
Settlement and Delivery of Cash & Shares
Trade Settlement
Your purchasing power is defined by the amount of funds invested in your GLOBALINKS account, hence, the net amount of your purchase shall be automatically debited in your account. On the other hand, your stock position determines the number of shares that you can sell and therefore, shares sold shall automatically be debited in your portfolio.
Settlement of your trading transactions takes three banking days (T+3) after the Trade Transaction. This date is called the Settlement Date.
You may use proceeds from a sale transaction to purchase other securities even if your sale transaction is not fully settled.
You may sell your shares on the same day you purchased them.
Lodgement of Stock Certificates
Lodgement is the process wherein your stock certificates are converted to electronic shares, in which shares are deposited in your brokerage account.
Lodging your stock certificates with a PSE-registered stockbroker would allow you to sell your shares quickly via the PSE.
The following table shows the procedure and the requirements needed in processing lodgement of stock certificates:
LODGEMENT OF STOCK CERTIFICATES |
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Steps |
Details |
|
1 |
Check the name on the stock certificates. Names should be the same with your GLOBALINKS Account. |
Stock certificates can only be transferred to Accounts bearing the same name of account holder/s. |
2 |
Endorse/Sign the stock certificate/s at the back. |
Signature in certificate/s, IDs and signature cards must be the same. |
3 |
Fill out and sign the necessary forms. |
Forms:
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4 |
Prepare a photocopy of two (2) valid and unexpired government-issued IDs. |
Picture and signature on ID must be clear. |
5 |
Submit all requirements to GLOBALINKS Office for processing. |
Completion of Lodgement may take 1-3 weeks. GLOBALINKS will send an e-mail notification once Lodgement has been done. |
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*Personal appearance may be required by the Transfer Agent of the stock. |
The Transfer Agent will notify GLOBALINKS if you are required to have a personal appearance with them. |
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*Processing fee will be charged in your Account. |
Your account must have sufficient balance to cover the Lodgement Fee. Fee is indicated in section Summary of Fees and Charges herein. |
Completion of the process depends also on the processing time of PDTC and of the Transfer Agent. Generally, the process takes around one (1) to three (3) weeks to complete.
You may lodge your certificated shares under your maiden name, provided that you submit your Marriage Certificate with the general lodgement requirements. Please note that the Transfer Agent may require you to personally appear at their office to update your records.
You must submit a duly notarized Affidavit of One and the Same Person together with the general lodgement requirements. However, this will only be allowed on minor discrepancies, i.e. Maria vs. Ma., or a misspelled name.
Upliftment of Shares
Upliftment of shares pertain to the process wherein electronic shares lodged in your GLOBALINKS account shall be converted into certificated shares
The following table shows the procedure and the requirements needed in processing upliftment of shares:
UPLIFTMENT OF STOCK CERTIFICATES |
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Steps |
Details |
|
1 |
Fill out and sign the necessary forms. |
Forms:
|
2 |
Prepare a photocopy of two (2) valid and unexpired government-issued IDs. |
Picture and signature on ID must be clear. |
3 |
Submit all requirements to GLOBALINKS Office for processing. |
Completion of Upliftment may take up to three (3) months depending on the Issuer and the Transfer Agent. GLOBALINKS will send an e-mail notification once certificate is available for pick-up. |
|
*Personal appearance may be required by the Transfer Agent of the stock. |
The Transfer Agent will notify GLOBALINKS if you are required to have a personal appearance with them. |
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*Processing fee will be charged in your Account. |
Your account must have sufficient balance to cover the Upliftment Fee. Fee is indicated in section Summary of Fees and Charges herein. |
Processing may take up to three (3) months, depending on the Transfer Agent and the Issuer (Company). GLOBALINKS will send an e-mail confirmation once your stock certificate is available for pick-up.