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Accredited Investor

An Accredited Investor is an individual:

1. Whose net personal assets exceed in value SGD 2 million (or it's equivalent in a foreign currency) with value of his/her primary residence capped at SGD 1 million, or

2. Whose financial assets (net of any related liabilities) exceed in value SGD 1 million (or it's equivalent in a foreign currency), or

3. Whose income in the preceding 12 months is not less than SGD 300,000 (or it's equivalent in a foreign currency)

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Kristal Freedom Account Fees and Charges

If account value is less than USD 50,000 -

NIL (if 25 or less client-initiated trade per calendar year; every SIP initiation is considered as 1 buy), else Custody and Asset Operating Fees at actuals charged to the Account by the Partner broker (i.e. Saxo Capital Markets).

If account value is more than USD 50,000 -

0.3% of account value charge is applicable, computed monthly on calendar month-end account value, charged quarterly and Custody and Asset Operating Fees at actuals charged to the Account by the Partner broker (i.e. Saxo Capital Markets).

Kristal Freedom Account Fund Movement Fee

Fee Item Kristal Freedom Account
Funds Deposit
USD Upto USD 25
SGD NIL
HKD NIL
AUD Upto USD 250
EUR Upto USD 250
GBP Upto USD 250
Deposit Threshold NIL (USD 1000 recommended)
Funds Withdrawal
USD Upto USD 50
SGD NIL
HKD NIL

FX Conversion

Where required shall be executed at 0.05% from the Market Rate. The Market Rate available to Kristal.AI is the Rate made available by the relevant brokers.

Note -

If Sender indicates Sender charges = 0, sending cost will be deducted (in addition to the above) by the receiving bank and paid back to the Sending bank and/or its Correspondent bank as applicable.

Additional charges levied by Clients’ bank may apply on transfers and FX conversions done in Clients’ bank account.

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Kristal Private Wealth Account Fees and Charges

Non Fund Kristal account value if less than USD 50,000 -

Custody and Brokerage at actuals, charged to the Account by the Broker (i.e. Saxo Capital, Interactive Brokers).

Non Fund Kristal Account value if greater than USD 50,000 -

- 0.30%p.a. of A/C value > US $50,000, computed MONTHLY on calendar month-end account value, charged QUARTERLY.

- Custody and Brokerage at actuals, charged to the Account by the Broker (i.e. Saxo Capital, Interactive Brokers).

Fund Kristal fee in accordance with Factsheet.

Fee Item Kristal Private Wealth Account
Funds Deposit
USD Upto USD 50
SGD NIL
HKD N/A
AUD Upto USD 250
EUR Upto USD 250
GBP Upto USD 250
Deposit Threshold NIL (USD 25000 recommended)
Funds Withdrawal
USD Upto USD 50
SGD NIL
HKD NIL

FX Conversion

Where required shall be executed at 0.05% from the Market Rate. The Market Rate available to Kristal.AI is the Rate made available by the relevant brokers.

Note -

If Sender indicates Sender charges = 0, sending cost will be deducted (in addition to the above) by the receiving bank and paid back to the Sending bank and/or its Correspondent bank as applicable.

Additional charges levied by Clients’ bank may apply on transfers and FX conversions done in Clients’ bank account.

Kristal Managed Investment Account Fees and Charges

Fixed Income account value is equal to or greater than 80% of Total account value -

0.20%p.a. of Total account value, computed MONTHLY on calendar month-end Total account value, charged QUARTERLY.

Fixed Income account value is less than 80% of Total account value -

0.50%p.a. of Total account value, charged QUARTERLY, computed MONTHLY on calendar month-end Total account value.

Brokerage Account operating and maintenance charges ADDITIONAL in accordance with your Agreement with Broker.

Money transfer and FX conversion charges in accordance with your agreement with Broker.

DISCLAIMER

This is offered only to Accredited and Institutional Investors as defined under the Securities and Futures Act, Chapter 289 of Singapore (“Act”), which broadly comprises of regulated financial institutions, large corporates, high net worth individuals and sophisticated investors.

By clicking “Proceed”, you confirm that you are an Accredited/Institutional Investor as defined under the Act and you agree to the Terms of Use for this website.

EXIT PROCEED

Weekly Feed Mins Read

Kristal Weekly Feed | 23rd September 2019

Kristal Weekly Feed Banner

All you need to know, in under 1 minute.
Here’s a concise report on what made headlines in the global market last week.

Positives

  • Indian market indices post best single day gain as corporate tax rate is cut to 25%
  • US Manufacturing output rises in August
  • Oil prices post biggest weekly gain in 3 months

Negatives

  • Fed cuts benchmark rate by 25bp
  • Major indices close negative for the week

 

Now, for more detail.

 

Positives

1. Indian market indices post best single day gain as corporate tax rate is cut to 25%

What You Should Know

The government announced on Friday that The effective corporate tax rate for all domestic companies is 25%, lowered from 30%, among Asia’s lowest now. This was welcomed by investors as a boon that may help spur economic growth and company profits as Sensex rose 5.3% on Friday to close above 38,000, the largest single day gain in more than a decade.

What You Should Look Out For

The tax cut will cost the government Rs 1.45 trillion ($20.5 billion) in revenue. It is the latest in a series of measures rolled out in recent weeks aimed at boosting demand and investments after economic growth slowed to a six-year low in the April-June quarter.

Suggested Reading

 

2. US Manufacturing output rises in August

What You Should Know

U.S. manufacturing output increased by 0.6% more than 0.2% increase expected in August, boosted by a surge in machinery and primary metals production, however the outlook for factories remains weak against the backdrop of trade tensions and slowing global economies. Manufacturing production rose 0.6% last month after a 0.4% drop in July.

What You Should Look Out For

Motor vehicles and parts production fell 1% last month after increasing 0.5% in July. Excluding motor vehicles and parts, manufacturing output increased 0.6% in August after falling 0.5% in the prior month. Capacity utilization, a measure of how fully firms are using their resources, increased to 75.7% in August from 75.4% in July.

Suggested Reading 

 

3. Oil prices post biggest weekly gain in 3 months

What You Should Know

Brent Crude Oil prices were lower on Friday but closed at $64.7 a barrel, 6% higher for the week, the largest weekly gain in 3 months after Saudi Arabia revealed the extent of damages from the attacks on oil facilities last weekend. US Oil prices closed at $58.09 a barrel.

What You Should Look Out For

Saudi’s have claimed repair and maintenance works can be done on  oilfield services and damages can be repaired, but the damages appear to be far worse than what can be restored within a matter of a few days. They have said that the production can be restored back to normal by month end.

Suggested Reading 

 

 

Negatives

1. Fed cuts benchmark rate by 25bp

What You Should Know

The Federal bank cut its benchmark overnight lending rate to a target range of 1.75% to 2%. Moreover, the Fed also cut the interest it pays on excess reserves by 30 bp, greater than the funds rate cut, in the midst of a breakdown this week in the overnight repurchase lending market.

What You Should Look Out For

Five members thought the FOMC should have kept the rate stable at its previous range of 2% to 2.25%, whereas five approved of the 25 bp cut but keeping rates there throughout the year, and seven favored at least one more cut this year. The committee now sees GDP rising at a 2.2% pace this year, compared with 2.1% in June.

Suggested Reading

 

2. Major indices close negative for the week

What You Should Know

S&P 500 declined 0.5% whereas Dow Jones declined 0.6% on friday for the first weekly decline in a month. This was after a report that a Chinese delegation had canceled plans to visit farms in Montana as a part of its trade negotiations with the U.S.

What You Should Look Out For

Traders were also on the watch for any effects of “quadruple witching day” on Wall Street, that is the simultaneous quarterly expiration of index futures, stock futures, and options on index futures and individual stocks, that means higher volumes.

Suggested Reading

Disclaimer

The materials and data contained herein are for information only and shall in no event be construed as an offer to purchase or sell or the solicitation of an offer to purchase or sell any securities in any jurisdiction. Kristal Advisors does not make any representation, undertaking, warranty or guarantee as to the update, completeness, correctness, reliability or accuracy of the materials and data herein. All opinions, forecasts or estimation expressed herein are subject to change without prior notice. Kristal Advisors and its affiliates accept no liability or responsibility whatsoever for any direct or consequential loss and/or damages arising out of or in relation to any use of opinions, forecasts, materials and data contained herein or otherwise arising in connection therewith.

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Disclaimer

This is offered only to Accredited and Institutional Investors as defined under the Securities and Futures Act, Chapter 289 of Singapore (“Act”), which broadly comprises of regulated financial institutions, large corporates, high net worth individuals and sophisticated investors.

By clicking Proceed, you confirm that you are an Accredited/Institutional Investor as defined under the Act and you agree to the Terms of Use for this website.