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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.

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Weekly Feed3 Mins Read

Kristal Weekly Feed I 6th January 2020

Kristal Weekly Feed Banner

Happy New Year! As is the case with all new beginnings, this week saw its share of ups and downs in the financial world too. If you have been having an extended New Year celebration, then here is a summary of some major global headlines over the last week.

Positives

  • Chinese stocks close higher after the People’s Bank of China cuts RRR

Negatives

  • Stocks in the US and Europe close lower after the airstrike on Iran by the US
  • Rising oil prices keep the US markets on the edge fearing a recession

 

Now, for more detail.

 

Positives

1. Chinese stocks close higher after the People’s Bank of China cuts RRR

What You Should Know

This week, the People’s Bank of China (PBOC) declared that it would cut the RRR (Reserve Requirement Ratio) by 50 basis points from January 6, 2020. This means a release of approximately $115 billion into the financial system. This reassured the investors as they felt that the government was taking necessary action to ensure liquidity in a market that is slowing down. Last week, the Shanghai Composite Index closed 2.6 percent higher while the large-cap CSI 300 Index closed 3.1 percent higher.

What You Should Look Out For

With the initial phase of the trade agreement between China and the US scheduled to be signed this month, this PBOC announcement has managed to retain investor confidence despite the geopolitical tensions between Iran and the US. Going further, it will be important for investors to keep a close watch on the updates surrounding these events to ensure that they are on the right side of the line.

Suggested Reading

Negatives

1. Stocks in the US and Europe close lower after the airstrike on Iran by the US

What You Should Know

On Thursday, January 02, 2020, the US confirmed that it had killed the Iranian General Qasem Soleimani via an airstrike. As Iran vowed to retaliate against this attack, the stock markets which had experienced a good rally were in for a surprise on Friday. The DOW Industrial average dropped by 0.81 percent, S&P 500 dropped by 0.71 percent, and the Nasdaq Composite Index dropped by 0.79 percent. The spike in the geopolitical tensions due to this airstrike also impacted the European markets with the Stoxx 600 closing 0.4 percent lower.

What You Should Look Out For

With tensions escalating between Iran and the US, investors need to constantly monitor any news on the relations between the two countries. While the trade negotiations taking a positive turn last month, the airstrike has worked as a dampener to the positive investor spirit.

Suggested Reading 1
Suggested Reading 2

2. Rising oil prices keep the US markets on the edge fearing a recession

What You Should Know

On Friday, crude prices shot up by up to 4.8 percent following the airstrike on the Iranian General Qasem Soleimani by the US. This led to increased worries about an escalation between Iran and the US. While the prices eased up as the day progressed, it was still trading around $63.18 per barrel (a jump of 3.3 percent), way higher than the $51 per barrel price in October. Historically, the last three recessions in the US came after sharp increases in crude oil prices. This sudden rise has created a fear of an impending recession among investors.

What You Should Look Out For

Since 2009, the S&P 500 Index has grown more than 370 percent. It is the longest bull-run in the history of the US markets. While investors braved the volatility surrounding the trade war between China and the US, the recent developments in the Middle East might derail the ‘bull’. Investors are still optimistic since the oil prices are not yet in the problematic zone. Once the start crossing $80 per barrel, markets will start getting affected. Investors will do well to remain vigilant over the next few weeks.

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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