Just FYI a few points.
- Transferred some HKD from SCB HK to SCB Sin (so I can make some HK trades via SCB SG). Transfer fee was HKD370! I do get this credited back but SCB does charge quite a bit for TTs.
- I tried to transfer some LSE ETFs from IB to SCB Sin and based on the Hardwarezone forums this was possible, however I got this response back from IB:
"In regards to your transfer request on [ ] shares of [ ], please note that since Standard Chartered hold this positions in "CREST" while we hold in "Euroclear", and given that even though we could facilitate "cross-border" transfer for you but Standard Chartered claimed they do not facilitate "cross-border" transfer, we were unable to deliver the positions over to their end. In short, your transfer was unable to be processed due to "clearing issues". Apologies for not notifying ahead of time as we were advised that the receiving end would explain this to you. Should you have any questions, please feel free to contact us."
So no go to buy shares on IB and then transfer them to SCB SG for LSE ETFs.