LAYOUT & SECURITY TYPES

Premium Data organises its SGX database into the folders comprising of the following security types. A description of each security type is below the table. Only those securities in your subscription packages will be updated.

Folder Layout

In addition to the Equities, Indices and Loans & Debentures folders, Premium Data users can elect to use the Custom Folders to create their own folders which are updated and maintained at the same time as the other folders.

SGX Security Descriptions

Equities

Ordinary Shares - equivalent to "Common Stock" in the U.S. - the most common form of share ownership. Ordinary shareholders are part-owners of a company. They have voting rights and are entitled to dividends out of company profits, although preference share-holders are always paid first. Ordinary shareholders also rank behind preference shareholders and secured creditors in claims to a company's remaining capital in the event of liquidation.

Rights & Entitlements - new shares made available to existing shareholders for purchase, the number of shares  being  in proportion to the current holding. The new shares are often issued at a discount to the current price. A rights issue (renounceable) may be on-sold by an existing holder but an entitlement issue (non-renounceable) must be either taken up or allowed to lapse.

Company Options - securities issued by a company, which bind it to issue shares to the option-holder at a certain price (and at a certain time) if the holder chooses to take up those shares.

Exchange Traded Fund Units - hybrid securities that trade on the SGX equities market. An ETF is a managed index fund whose units trade like ordinary shares. ETFs offer direct and convenient exposure to the performance of an index like the Straits Times Index.

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Indices

The SGX Indices are a summary of a basket of stocks often based on industry groupings, capitalisation and eligibility for certain types of trading. The most well known index in Singapore is the Straits Times Index which measures the top 45 stocks by market capitalisation & volume.

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Loans & Debentures

Warrants - Option-like securities that are traded on the SGX's equities market. Warrants are issued by approved financial institutions rather than granted by individuals operating through a derivatives exchange mechanism. They may be issued over company shares, indices, currencies or commodities. Generally-speaking, warrants have a much longer life-span than options.

Bonds - A form of debt security issued by large corporations and governments to raise funds from investors to finance projects or business ventures. The bond issuer will pay the investor or bondholder a fixed rate of interest over the life of the bond in exchange for the use of the money. The principal amount of the loan is repaid at maturity.

Debentures - A form of unsecured bond. Debentures bear a fixed rate of interest and the capital sum is normally repayable within a fixed term.

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