US Stock Market

1. What is the settlement mechanism for U.S. stocks?

Effective May 28, 2024, the standard settlement cycle for securities traded on U.S. exchanges will be shortened from the current two trading days (T+2) to one trading day (T+1). Please take note.

2. Withholding Tax of Dividend

When clients receive any cash dividends from US stocks, an automatic withholding of 30% will be applied as payment for dividend taxes to the Internal Revenue Service (IRS). Eddid Securities and Futures Limited (the "Company") will not provide assistance with tax matters to investors, regardless of whether their tax residency is in jurisdiction(s) with tax treaty with the United States or if they are eligible for tax refunds. The Company will not offer any advice or support regarding tax refund applications. The responsibility for handling tax matters rests solely with the beneficial owners themselves.

3.What will happen to the fractional share/Cash in Lieu resulting from corporate action?

Some corporate actions may result in fractional share/Cash in Lieu. As there are expenses incurred by ESFL in handling such fractional entitlements, you shall be liable for all charges and expenses incurred in connection with or relating to the handling of fractional share/Cash in Lieu.

ESFL reserves the right, in our sole discretion, to apportion the total entitlement received and your right to any such fractional entitlements may be waived. Your share entitlement from such corporate actions will be rounded down to the nearest full share.