How are my international shares and cash held?
You are the beneficial owner of all international holdings held through Selfwealth. Your shares are held in custody with Phillip Securities Pte Ltd, and your cash is held in a Phillip Capital trust account with Standard Chartered. Selfwealth has no beneficial ownership or rights over your holdings or cash.
What happens to my holdings and cash if Selfwealth goes out of business?
In the unlikely event that Selfwealth enters administration or bankruptcy, you would be able to continue trading directly with Phillip Capital Limited (PCL), ensuring your holdings and cash remain accessible.
What happens to my holdings and cash if PhillipCapital goes out of business?
In the unlikely event of a default by Phillip Capital Limited (such as bankruptcy or administration), you — as the beneficial owner — would be entitled to claim your securities directly from the relevant omnibus account, provided there is no dispute over ownership.
In the event of a default by Phillip Securities Pte Ltd (the sub-custodian), Phillip Capital Limited would take appropriate steps on behalf of all beneficial owners to submit a claim to the liquidator. This process would be subject to the applicable liquidation procedures at that time.
About our partners:
- Phillip Securities Pte Ltd is a member of the Singapore Stock Exchange and a regulated entity under the Monetary Authority of Singapore. For more information, visit mas.gov.sg.
- Phillip Capital Limited is a participant of ASX Group and Chi-X Australia, regulated by ASIC.
If you opened your international account on or after 14 August 2026
How are my international shares and cash held?
You are the beneficial owner of all international holdings held through Selfwealth. Your shares are held with Alpaca Securities LLC, trading as Alpaca Clearing, a US broker dealer regulated by the SEC and a member of FINRA and SIPC. Your cash is held on trust in a segregated client account with HSBC Australia. Selfwealth has no beneficial ownership or rights over your holdings or cash.
Your holdings are held in a fully disclosed account in your own name, with your own Alpaca account identifier, rather than pooled in an omnibus account. Your entitlement is recorded in Alpaca's own books against your individual account.
What happens to my holdings and cash if Selfwealth goes out of business?
In the unlikely event that Selfwealth enters administration or bankruptcy, your holdings remain your property. They are held in your name at Alpaca and are not available to Selfwealth's creditors. Your cash is held on trust in a segregated client account and is likewise not Selfwealth's to distribute.
What happens to my holdings and cash if Alpaca goes out of business?
In the unlikely event of a default by Alpaca, US customer protection rules apply. Alpaca is required under SEC Rule 15c3-3 to hold fully paid customer securities in possession or control, separate from its own assets, and performs a daily check that its holdings at the Depository Trust Company match its internal record of which customer accounts those securities belong to.
Alpaca is also a member of SIPC. Because your account is held in your own name, you qualify individually as a customer, and SIPC protection of up to US$500,000 including US$250,000 for cash applies to you personally rather than across a pooled account. Alpaca holds excess coverage through Lloyd's of London that becomes available once SIPC limits are exhausted.
About our partner
Alpaca Securities LLC, trading as Alpaca Clearing, is registered with the US Securities and Exchange Commission and is a member of FINRA and SIPC. For more information visit finra.org and sipc.org.