GStocks PH

FREQUENTLY
ASKED QUESTIONS
Offered by
GStocks PH
FREQUENTLY ASKED
QUESTIONS
Who is AB Capital Securities, Inc.?
AB Capital Securities, Inc. (ABCSI) is one of the leading stock brokerages in the country with
more than 65 years of industry experience, a powerhouse board, and state-of-the-art
technology. ABCSI, the only non-bank affiliated brokerage that won an award from the
Philippine dealing system for generating the highest trading volume, is set to become the
number one capital market player in the Philippines.

ABCSI was recently acquired by The Campden Hill Group, helmed by Anton Periquet, Jr.
Together with Mr. Michael Zalamea as Chairman, ABCSI’s board now includes some of the
biggest names in the business sector such as Aboitiz, Belmonte, and Ongpin.

What services are offered by AB Capital Securities,

Inc. on the GCash app?
ONLINE TRADING FACILITY
1. You can access your portfolio from ABCSI via the GCash App and place your orders from
anywhere and at any time. ABCSI, via the App, will also provide you with information on
your transactions, your favorite stock prices, and the latest market news. With online
trading, power is literally at your fingertips.
a. 24X7 PORTFOLIO ACCESS
b. STOCK WATCHLIST
c. DIRECT RESEARCH REPORTS

d. DIRECT ORDER ENTRY & MODIFICATION

2. You can capitalize on opportunities in the market with the following information that
can be accessed and utilized:

a. REAL-TIME QUOTES
GStocks PH
FREQUENTLY ASKED
QUESTIONS
c. BID & ASK COLUMN
d. PSE NEWS
e. COMPANY DISCLOSURES
f. STOCK PRICE ALERTS

RESEARCH
3. ABCSI’s online research resources equip investors with trading insights through

comprehensive reports. Clients have access to in-depth fundamental and technical

research with individual stock coverage.
a. DAILY MARKET REPORTS
b. WEEKLY MARKET REPORTS
c. COMPANY REPORTS
d. ONLINE Q&A SEGMENTS
e. SOCIAL MEDIA ACCESSIBILITY
f. ABCSI STOCK PICKS
g. ABCSI MARKET OUTLOOK

Opening an AB Capital Trading Account

Who can open a trading account with ABCSI?
You are eligible to open a trading account with ABCSI if you meet all the requirements
below:
1. You are at least 18 years old
2. You have a fully verified your GCash account
3. You have updated your GCash information in the last 2 years
4. You have an SSS number and TIN (for Filipino citizens).

5. You have any of the following government IDs:

GStocks PH
FREQUENTLY ASKED
QUESTIONS
a. TIN ID k. NBI CLEARANCE
b. SSS ID l. OFW ID
c. GSIS ID/E-CARD m. OVERSEAS WORKERS WELFARE

d. UMID ADMINISTRATION (OWWA) ID

e. ALIEN/IMMIGRANT CERTIFICATE OF n. PASSPORT
REGISTRATION o. POSTAL ID
f. CERTIFICATION FROM NATIONAL p. PRC ID
COUNCIL FOR THE WELFARE OF DISABLED q. SEAMAN’S BOOK
PERSONS (NCWDP) r. SENIOR CITIZEN CARD
g. DEPARTMENT OF SOCIAL WELFARE s. STUDENT’S ID
AND DEVELOPMENT (DSWD) t. ARMED FORCES OF THE PHILIPPINES
CERTIFICATION (AFP) ID
h. DRIVER’S LICENSE u. VOTER’S ID
i. GOV'T OFFICE/GOCC ID v. PHILHEALTH
j. INTEGRATED BAR OF THE PHILIPPINES w. HDMF (PAG-IBIG)
(IBP) ID x. NATIONAL/PHILSYS ID

Requirements for Foreigners:

A. If you're a foreigner looking to open a trading account with AB Capital Securities, you'll
need to submit your passport as a valid government ID.
B. If you're a foreign client currently residing in the Philippines, you'll need to provide your
passport along with either an Alien Employment Permit (AEP) or Alien Certificate of
Recognition (ACR).

What is the minimum amount to open an AB Capital trading account?

The minimum amount required to open an AB Capital trading account is only Php 1,000.
GStocks PH
FREQUENTLY ASKED
QUESTIONS
Can I open a joint AB Capital trading account?
No, you can only open an individual AB Capital trading account for your GCash number. If

you are interested in opening a joint account, you may do so directly through the AB
Capital website. Joint accounts will require a minimum initial deposit amount of Php
10,000.

How will I know if my AB Capital trading account is ready?

You will receive an activation email after the approval of your application. You will then be
able to access your AB Capital trading account dashboard when you click on GStocks PH in
the GCash app.

The application process will take up to 7 banking days. If you have not received an
activation email after the processing period, first check the social, promotional, and spam
folders in your email. If you still did not receive the activation email, kindly notify AB Capital
at gcashcs@ABCapital.com.ph.

As a foreigner, can I invest in all Philippine stocks? If not, what stocks can I invest
in?
You can invest in ALL Philippine Stocks except for those listed below.

Stock Foreigners Can’t Stock Foreigners Can

Company
Invest Invest

ABS-CBN ABS ABSP

GMA Network GMA7 GMAP

GStocks PH
FREQUENTLY ASKED
QUESTIONS
Lepanto Consolidated
LC LCB
Mining

Manila Mining MA MAB

Metro Alliance Holdings &

MAH MAHB
Equities

F and J Prince Holdings

FJP FJPB
Corp.

Oriental Petroleum &

OPM OPMB
Minerals Corp.

Keppel Philippines
KPH KPHB
Holdings, Inc.

What measures are in place to secure my transactions and information?

The security of your account and transaction information is of paramount importance to us.
AB Capital continually evaluates the Internet systems, services, and software used in our
operations to ensure that they meet the highest standards of security. AB Capital uses
sophisticated technology to provide the most advanced security measures currently
available. All online transactions are encrypted and are routed from the Internet server
through a "firewall" that limits access to the online trading server.

AB Capital uses 256-bit encryption protection through Secure Socket Layer (SSL) to ensure
that transmissions to and from our online trading site are protected against unauthorized

access or intrusion.
GStocks PH
FREQUENTLY ASKED
QUESTIONS
How can I request for my account to be closed or deleted?
If you wish to close your AB Capital trading account, please fill out the Account
Closure form and submit this to AB Capital at gcashcs@ABCapital.com.ph. Kindly
make sure that you have no more stocks or funds in your trading account.

Deposits and Withdrawals

How do I add funds to my AB Capital trading wallet?
Deposit funds from your GCash wallet to your AB Capital trading wallet for free in 3 easy

steps:
1. From your AB Capital dashboard, click on Top-up
2. Enter your Top-up amount (must be at most equal to your GCash wallet balance)
3. Click submit

Can I immediately use the funds I transferred to my AB Capital trading wallet?

It normally takes 24 hours for us to process your top-up into your AB Capital trading wallet.
Once processed, you may already use these to purchase any of your favorite stock. While we
strive to process your top-up within 1 banking day, an instance may arise, due to
unforeseeable circumstances, that could take us up to 3 banking days to process your
request.

How do I withdraw funds from my account?

Withdraw funds from your trading wallet to your Gcash wallet for free in 3 easy steps:

1. From your AB Capital Dashboard, click on Withdraw

2. Enter your Withdrawal amount (subject to your GCash limits and must be at most

equal to your Withdrawable Cash)

3. Click submit
GStocks PH
FREQUENTLY ASKED
QUESTIONS
How long does it take to transfer funds from my AB Capital trading wallet to my GCash
wallet?
Withdrawal requests from your AB Capital trading wallet to your GCash wallet can take up
to two (2) banking days to process. Due to unusual and unforeseen circumstances,
processing your withdrawal request may take up to three (3) banking days.

Please be aware that GStocks PH follows the normal settlement procedures of the
Philippines Stock Exchange. That is, sale proceeds will only be available on the third from
the date of sale (T+3). For example, if you sold your stock on Monday, the sale proceeds will
only be available for withdrawal on Thursday.

The usual two (2) banking days to process your withdrawal from your AB Capital trading to
your GCash wallet will only begin from the time that the sale proceeds have become
available.

If I sell my stock today, will the sale proceeds be immediately available for withdrawal?
GStocks PH follow the normal settlement procedures of the Philippines Stock Exchange.

That is, sale proceeds will only be available on the third from the date of sale (T+3). For
example, if you sold your stock on Monday, the sale proceeds will only be available for

withdrawal on Thursday.

The sale proceeds will now become available for withdrawal. Please give us two (2) banking
days to transfer your funds from your AB Capital trading wallet to your GCash wallet. Any
unusual and unforeseen events may take us longer to process your withdrawal request.
Stock sale proceeds are nonetheless immediately available to you for buying stocks on the
same day that the sale was made.
GStocks PH
FREQUENTLY ASKED
QUESTIONS
How long does it take to process my withdrawal?
Under normal circumstances, it will take at most 5 banking days for the funds to be
transferred from your AB Capital trading wallet to your GCash wallet.

When I receive cash dividends, where does it go?

Your cash dividends automatically go to your AB Capital trading wallet. If you wish to
withdraw your cash dividends, please see the withdrawal procedures.

How do I transfer my stockholdings from another Philippine stock brokerage firm?

Fill up the Letter to Transfer from Broker to Broker form with your instructions to transfer
your existing stockholdings to ABCSI. Email the request to gcashcs@ABCapital.com.ph.
You need to furnish ABCSI with a copy of this instruction. ABCSI will then coordinate the
transfer of your stock holdings with your existing stockbroker. If your stock holdings are in
the street name i.e. lodged with the Philippine Depository and Trust Corporation (PDTC),
then the transfer will be done electronically.

Can I use my stock certificates to fund my online account?

Yes. For more information please get in touch with the customer service team of AB Capital
Securities through gcashcs@abcapital.com.ph or you can call them at (632) 8898-7585. An
AB Capital officer will help you check your stock certificate and assist you with the
procedures.

Can I open a joint AB Capital trading account?

No, you can only open an individual AB Capital trading account for your GCash number. If
you are interested in opening a joint account, you may do so directly through the AB
Capital website. Joint accounts will require a minimum initial deposit amount of Php
10,000.
GStocks PH
FREQUENTLY ASKED
QUESTIONS
How will I know if my AB Capital trading account is ready?
You will receive an activation email after the approval of your application. You will then be
able to access your AB Capital trading account dashboard when you click on GStocks PH in

the GCash app.

The application process will take up to 7 banking days. If you have not received an
activation email after the processing period, first check the social, promotional, and spam
folders in your email. If you still did not receive the activation email, kindly notify AB Capital
at gcashcs@ABCapital.com.ph.

As a foreigner, can I invest in all Philippine stocks? If not, what stocks can I invest in?
You can invest in ALL Philippine Stocks except for those listed below.

Things You Should Know Before Opening an AB

Capital Trading Account
What is Stock Trading?
Stock trading pertains to the buying and selling of stocks of publicly traded companies in a
stock exchange.

Through GStocks PH and AB Capital Securities’ online platform, you can post an order to

buy or sell a stock listed in the Philippine Stock Exchange. Buying a stock makes an investor
a STOCKHOLDER of the company/ies purchased.

Only LIMIT DAY orders can be posted. These orders are only valid on the trading day when
they were created (Day Order).
GStocks PH
FREQUENTLY ASKED
QUESTIONS
What is a Limit Order?
A Limit Order is an order to buy or sell a stock at a specified price which serves as the
maximum price paid for a stock (buying transactions) and as the minimum price accepted
for the stocks sold (selling transactions).

What is a Day Order?

A Day Order is a buying or selling order that is only valid for the trading session during
which it was entered. Day Orders that are not filled or partially filled will expire at the end of
the session.
Other order types such as Good-Til-Canceled (GTC), Good-Til-Month (GTM), and Good-Til-

Week (GTW) will soon become available in GStocks PH.

What types of stocks can I trade?

You can trade any stock actively listed in the Philippine Stock Exchange. Click here to view
the list.

What is the PSE Trading Hour Schedule?

You can trade from 9:00 am to 03:00 pm (GMT + 08:00), Mondays to Fridays, except for
Philippine legal holidays.

The trading session of the PSE follows the schedule below:

Philippine Time Activity

▪
Pre-open Period No matching of Orders can occur during this
9:00 am - 9:15 am period, but you can enter, modify, or cancel Orders, which will
be processed based on the pre-opening algorithm.
GStocks PH
FREQUENTLY ASKED
QUESTIONS
▪
Pre-open Period No matching of Orders can occur during this
9:00 am - 9:15 am period, but you can enter, modify, or cancel Orders, which will
be processed based on the pre-opening algorithm.

9:15 am - 9:30 am
Pre-Open No-Cancel Period ▪You are allowed to enter Orders
but cannot cancel or modify Orders during this period.

Opening Period ▪ The period when the Opening Price for all
Securities is calculated. During the Opening Period, the Order
9:30 am
book is frozen and Order entry, modification and cancellation
are not allowed.

Continuous Trading ▪
A period when Orders are automatically
9:30 am - 12:00 pm matched at the Best Price in accordance with the Revised
Trading Rules.

12:00 pm Market Recess

01:00 pm Market Resumes

Continuous Trading ▪
A period when Orders are automatically
01:00 pm - 02:45 pm matched at the Best Price in accordance with the Revised
Trading Rules.

02:45 pm - 02:48
Pre-Close Auction Period ▪ This period is the same as the Pre-
Open Auction Period. During this time, you can enter, modify or
pm
cancel Orders.

02:48 pm - 02:50
Pre-Close No-Cancel Period ▪During this period, you are
allowed to enter Orders but they cannot cancel or modify
pm
Orders.
GStocks PH
FREQUENTLY ASKED
QUESTIONS
How do I buy or sell stocks?
1. You can place an order by following these instructions:
2. Log-in to GCash and Click GInvest
3. Click on the GStocks PH Icon, then select the AB Capital logo to be redirected to AB
Capital’s online trading platform.
4. Click the BUY/SELL button on the AB Capital dashboard
5. Select the stock that you would like to buy or sell

6. Select if you will BUY (BLUE) or SELL (RED).

7. Indicate your desired Quantity of stocks and Price at which you would like to buy/sell
using the available text fields and buttons
8. Click on PREVIEW ORDER to enter your purchase.
9. An order readback will pop on your screen. Read the information carefully. If you are
satisfied, confirm the order by tapping PLACE ORDER

How do I know if my order was posted?

After you have placed and confirmed your order by clicking the "Place Order" button, the
"View Orders" page will show the "↻" symbol which corresponds to "Open" in the Status
column. This means that your order was already received by the PSE. You will know that
your order has been received by AB Capital once the Status column shows that your order
has either been opened, filled, rejected, or cancelled (See Order Status table below).

Under what circumstance or situation will my order be blocked/rejected?

Your order may be blocked or rejected when any of the following events happen:

a. No available or insufficient funds in your online trading account. If you do not have
available or sufficient funds to buy a stock, the Buy page will display an "Order Blocked -
GStocks PH
FREQUENTLY ASKED
QUESTIONS
Exceeded remaining limit" pop-up error message. In this case, you may re-enter your buy
order for an amount covered by your available funds or fund your account by making
additional deposits or selling stocks in your online trading account.

b. No stock or insufficient number of shares in your online trading account. If you are
selling stocks that you do not have or are selling more shares than what you have in your
account, the Sell page will display an "Order Blocked - Your sell order is not covered by your
position" pop-up error message. This may also occur if you have an outstanding sell order
which you have not cancelled and you have posted a new sell order at a different price.

c. Placing an order after the market closes, but during the Run-off Period (between 02:50
p.m. and 03:00 p.m.) at a price other than the closing price of that issue for that day. Orders
entered/submitted during the "Run-Off Period" should be at the closing prices of the stock.
the order will be rejected and the Order History page will display a "(1116): Order price is not
equal to close price." error message.

d. Placing an order that is not in the prescribed board lot. The PSE requires that shares be
traded in fixed minimum numbers of shares called "board lots" depending on the stock
price range (SEE BOARD LOT TABLE). If an order is placed for a stock that is not in the
prescribed board lot, you will not be able to submit that order in the Buy/Sell page.

e. Placing an order at a price that is not at the correct "price tick or fluctuation". Depending
on the stock price range, prices may change only in fixed steps called price ticks or price
fluctuations. Orders, therefore, must be at prices that are in the multiples or price
fluctuations of the stock (SEE BOARD LOT TABLE). Otherwise, the Buy/Sell page will display
an "Order Failed: Incorrect order limit tick" pop-up error message.
GStocks PH
FREQUENTLY ASKED
QUESTIONS
f. Placing an order at a price that is above the ceiling for a particular stock for that day. The
PSE sets a "price ceiling" for each stock everyday which is not more than 50% above the last
traded price of the stock prior to the current trading day. If an order is entered at a price

above the price ceiling for that stock, the order will be rejected and the Order History page
will display a "(299): Trade Rule - Price limit exceeded" error message. (Note: IPO Listing Day
and other special circumstances as advised by PSE are exempt from this)

g. Placing an order at a price that is below the floor price for a particular stock for that day.
The PSE sets a "floor price" for each stock everyday which is not more than 40% below the
last traded price of the stock prior to the current trading day. If an order is entered at a
price below the floor price for that stock, the order will be rejected and the Order History
page will display a "(295): Trade Rule - Price limit exceeded" error message.

h. Canceling an order during the Pre-Open Period. Orders cannot be cancelled during the
Pre-Open Period (between 9:00 am to 9:30 am). If cancellation is entered during the Pre-
Open Period, the order will be rejected and the Order History page will display a "(771):
Orders cannot be amended at this time" error message.

i. As a foreigner, buying stocks which are prohibited for foreigners (see Prohibited Stocks
for Foreigners table above)

How do I track an order that I placed?

Once an order has been submitted and received, its status can be viewed in the "View
Orders" page. A message will appear on your screen advising you of the status of your order.
Your account records will also be updated accordingly. Below are possible order statuses
and symbols:
GStocks PH
FREQUENTLY ASKED
QUESTIONS
Order Status Explanation Symbol

Completed / Filled Order has been successfully filled / completed ✓

Rejected /
Order has been rejected / cancelled ✗
Cancelled

Open / Pending Order is still open and waiting to be completed ↻

Replaced
Order has been modified (replaced with new
open order)
⇆

Will my order be posted immediately?

Orders entered electronically are usually posted quickly. However, several factors may
affect the execution of your orders:

1. Delays may occur due to market volatility and high trading volumes. This can result in
trade executions at prices significantly different from the quoted price of the stock at the
time the order was entered.

2. Speed of trade executions may also depend on the Internet Service Provider (ISP).

Online investors must be aware that ABCSI's Internet service is provided by a third-party
ISP. Given this, GCash may not have control over the Internet speed for the transmission of

orders. However, it is assured that reasonable care and diligence has been taken by GCash
in choosing its ISP.

3. Timing in execution of orders may also be affected by market volume, order queues at

the PSE, possible delays in order transmissions by your broker, and other systems issues.
GStocks PH
FREQUENTLY ASKED
QUESTIONS
Can I cancel my order?
Yes, you can place a cancel order anytime provided that the order has not been fully
executed or matched. However, you cannot cancel an order during the pre-open period
from 9:15 am to 9:30 am on trading days, during market recess and during pre-close period
from 2:48 pm to 2:50 pm.

Can I place an order after trading hours?

No, it is not possible to place orders after trading hours. If you try to place an order beyond
market hours, an “Order Failed” pop-up error message will be displayed and the order will
be prevented from proceeding.

Is there a minimum quantity of shares I need to purchase?

Yes, the Philippine Stock Exchange determines the minimum quantity of shares based on
the price of the stock. The minimum size is called Board Lot. If the stock’s board lot is 1,000
then the quantity of shares you can purchase should be divisible by 1,000. Therefore, if you
order 8,400 or 5,600 you will be rejected while 3,000, 7,000 or 15,000 will be accepted.

Board Lots and Price Fluctuations

Price Range Fluctuation Board Lot

0.0001 to 0.0099 0.0001 1,000,000

0.010 to 0.049 0.001 100,000

0.050 to 0.24d9 0.001 10,000

GStocks PH
FREQUENTLY ASKED
QUESTIONS
0.250 to 0.495 0.005 10,000

0.50 to 4.99 0.01 1,000

5.00 to 9.99 0.01 100

10.00 to 19.98 0.02 100

20.00 to 49.95 0.05 100

50.00 to 99.95 0.05 10

100.00 to 199.90 0.10 10

200.00 to 499.80 0.20 10

500.00 to 999.50 0.50 10

1,000 to 1,999 1.00 5

2,000 to 4,998 2.00 5

5,000 to UP 5.00 5

Is there a limit to the amount that I can trade?

Yes, for both buy and sell orders. For buy orders, your limit will be the amount available in
your account balance for buying. For sell orders, you can only sell stocks available in your
portfolio.
GStocks PH
FREQUENTLY ASKED
QUESTIONS
What is the maximum trading amount per transaction?
The maximum trading amount per transaction is equal to your portfolio balance.

Can I place an order through email?

No, you cannot place your order through email. For security reasons, your order can be
placed through our Online Trading Facility only.

In the event that the AB Capital trading platform is down, how can I get my orders
or get quotes?
If you are unable to access your AB Capital Trading account, please check your network
connection. Aside from this, please wait up to 24 hours and then try again.

Instances where the system is down are the only occasions that you can place orders or get
quotes through AB Capital’s brokers. You can get in touch with AB Capital through the
hotline at (632)8898-7585. Please note that orders placed through the hotline will have an
increased rate of commission of 1.5% (1.25% over the usual rate).

What do I do if my Buy or Sell Order were not reflected?

Buy Orders: Please check if your buying power is sufficient for the order.
Sell Orders: Please check if your stock portfolio contains the number of shares of stock you
want to sell.

For both Buy and Sell Orders:

Please make sure that you follow the applicable Lot Size and Price Fluctuation for your
chosen stock as described in the Board Lot table
GStocks PH
FREQUENTLY ASKED
QUESTIONS
Please make sure that you submit your trade orders within the correct market hours
corresponding to the PSE Trading Hours
Please make sure that you follow the price ceiling and price floor limitations as

implemented by PSE

For a more detailed explanation on why your orders may be rejected, please refer to Under
what circumstance or situation will my order be rejected?

In case you see a system error message, please wait a few minutes and then try creating the
order again.

If the issue persists or if you need further assistance, you may reach out to AB Capital
through gcashcs@ABCapital.com.ph.

How do I check my AB Capital transaction history?

You can check your stock trading history by following 2 easy steps:
1. From your AB Capital trading account dashboard, tap the Buy/Sell button which will
bring you to the stock trading interface
2. Tap the Order History button to view your stock transaction history

How will I receive/view my Statements-of-Account?

AB Capital will send you a monthly Statement of Account (SOA) at the end of each month
via email. In case you would like to request a SOA other than what is provided monthly or if
you have any concerns regarding your SOAs, please reach out to AB Capital through
gcashcs@ABCapital.com.ph
GStocks PH
FREQUENTLY ASKED
QUESTIONS
How will I receive/view my Transaction Invoices?
AB Capital will send you the invoices of your transactions for the day at the end of each
trading day via email. Please reach out to AB Capital through gcashcs@ABCapital.com.ph
for any concerns regarding your invoices.

How will I receive/view my Credit Memos?

AB Capital will send you credit memos (CMs) as applicable. Please reach out to AB Capital
through gcashcs@ABCapital.com.ph for any concerns regarding your CMs.

Fees, Commissions and Taxes

What taxes/fees do I pay when I purchase a stock?
FOR THE BUYER
1. Philippine Stock Exchange (PSE) fees equivalent to 0.005% of the gross amount. Gross
amount refers to the number of shares bought multiplied by the price per share.
2. Securities Clearing Corporation of the Philippines (SCCP) fees equivalent to 0.01% of the
gross amount.

3. Broker's Commission of 0.25% based on the total gross value of the shares purchased or
a minimum of Php20.00.

4. Value Added Tax (VAT) equivalent to 12% of the broker's commission.

To Illustrate:

Client buys 1,000 BPI shares at P50 (Par value is P5.00)

The Gross Amount of the purchase is P50,000.

The applicable fees for this transaction are:

a. P125.00 : Commissions (0.25% of P50,000)

b. P15.00 : VAT (12% of P125)

c. P2.50 : Transaction fees (0.005% of P50,000)
GStocks PH
FREQUENTLY ASKED
QUESTIONS
d. P5.00 : SCCP fees (0.01% of P50,000)

FOR THE SELLER

1. Stock Transaction Tax (Final Withholding Tax withheld by the Broker) equivalent to
0.6% of the gross selling proceeds. Gross selling proceeds refer to the total number of

shares sold multiplied by the price per share.

2. Transaction fees equivalent to 0.005% of the gross selling proceeds bought.

3. Securities Clearing Corporation of the Philippines (SCCP) fees equivalent to 0.01% of the
gross selling proceeds.
4. Broker's Commission of 0.25% based on the total gross selling proceeds or a minimum
of Php20.00.
5. Value Added Tax (VAT) equivalent to 12% of the broker's commission.

To Illustrate:
Client sells 1,000 BPI shares at P50 (Par value is P5.00)
Gross selling proceeds of the sale is P50,000.
The applicable fees for this transaction are:
a. P125.00 : Commissions(0.25% of P50,000)
b. P15.00 : VAT(12% of P125)
c. P300.00 : Stock Transaction Tax(0.6% of 50,000)
d. P2.50 : Transaction fees(0.005% of P50,000)

e. P5.00 : SCCP fees(0.01% of P50,000)

What is the applicable cash or property dividend tax for a local corporation?
1. If you are a Philippine citizen or a resident foreigner, you are subject to a final

withholding tax of 10% on the gross amount of dividends received.

GStocks PH
FREQUENTLY ASKED
QUESTIONS
2. If you are a non-resident foreigner engaged in trade or business in the Philippines, you
are subject to a final withholding tax of 20% on the gross amount of dividends received.
3. If you are a non-resident foreigner not engaged in trade or business in the Philippines,
you are subject to a final withholding tax of 25% on the gross amount of dividends received.

What is the applicable cash or property dividend tax for a residing foreign
corporation?
In the case of a foreign corporation or an individual who is a resident of a treaty country, the
applicable tax rate on dividends under the treaty shall apply. This is provided that all
supporting documents have been submitted.

What is the applicable cash or property dividend tax for a non-resident foreign
corporation or an individual that is a resident of a treaty country?
Cash and property dividends received from a domestic corporation by a non-resident
foreign corporation are subject to a final withholding tax of 25%. The 25% rate for dividends
paid to a non-resident foreign corporation may be reduced to 15% subject to the conditions

that the country in which the non-resident foreign corporation is domiciled allows a credit
against the tax due from the non-resident foreign corporation. This is provided that all

supporting documents have been submitted.

Is there a preferential tax rate/tax relief for non-resident clients?

If there is an existing tax treaty between the Philippines and the country where the other
party to the transaction resides, the applicable preferential tax rates under the treaty shall
apply. Conversely, in the absence of such a treaty, the ordinary rates under Philippine tax
laws particularly the Philippine Tax Code of 1997 shall apply. Any availment of the tax treaty
relief shall be preceded by an application covered by BIR Form No. 0901 ("Application for R
GStocks PH
FREQUENTLY ASKED
QUESTIONS
Relief from Double Taxation"). The application shall be filed at least fifteen (15) days before
the proposed transaction. It shall be accompanied by supporting documents justifying the
relief. Note that this is only applicable for tax on dividends.

Is there a monthly or annual fee paid to AB Capital and/or GCash?

No, we do not charge any monthly or annual fee. We only charge fees when you buy or sell
a stock. The Broker’s Commission consists of 0.25% of the total gross value of shares or
minimum of Php20.00, whichever is higher.

Others
What is margin facility or margin lending?
Buying on margin involves getting a loan from the stock brokerage and utilizing the money
from the loan to invest in more securities.

What is upliftment and lodgment?

Lodgment is the method of transferring your shares from stock certificate to
scripless/digital while upliftment is the method of transferring your shares from
scripless/digital to stock certificate.

Do we offer margin facility for GStocks?

We do not offer margin facilities for online trading accounts at this time. All orders for the
purchase of securities through the Online Trading Facility are on cash basis only. Your
account must contain sufficient funds to cover the purchase amount of the securities, the
broker's commission, and all the applicable transaction costs attributable to you as the
buyer.
GStocks PH
FREQUENTLY ASKED
QUESTIONS
Can I request for my online stocks to be made into stock certificates?
Yes, you have to fill up and sign an upliftment form, which will serve as your authorization

to physically withdraw your stock certificate(s). The accomplished upliftment form should
be sent to gcashcs@ABCapital.com.ph. The Philippine Stock Exchange operates under a
purely electronic, scriptless trading system of the Philippine Central Depository and Trust
Corporation (PDTC). Your certificate will be available depending on how soon PDTC and the
stock transfer agent of the particular issue are able to process your request. On the average,
it takes anywhere between 30 to 60 days for the certificates to be released.

Stock transfer agents may also charge a nominal fee of Php165.00/stock for the service.
However, there is an option known as "express upliftment" wherein it will take an average
of one week only for the certificates to be released. It will involve a fee of Php700.00/stock.

If you would like to sell your stock certificate, you will need to lodge the shares which will
take at most five (5) banking days at the minimum fee of Php112.00/issue and
Php22.40/certificate.

Please get in touch with AB Capital for more assistance at gcashcs@ABCapital.com.ph

Can I request a certification that I hold a stock portfolio?

Yes, you can request certification to prove you own stocks with AB Capital Securities, Inc.
via email. Allow us to process this within 5 banking days. There will be a fee of P50.

Please get in touch with AB Capital for more assistance at gcashcs@ABCapital.com.ph