Auto-Subscription:

Once a sales trade has been settled, idle cash will be automatically invested into Cash Plus underlying funds at a fixed time daily with minimum subscription amount of 1 and subscription fee of 0.

Auto-Redemption:

Once a buy trade has been successfully done (T+1), funds will be automatically redeemed into cash for settlement at a fixed time daily with minimum holdings of 1 and redemption fee of 0.

Disclaimer: Although the Cash Plus facility is aimed at maximizing the return on your idle funds, it is important to note that clients are responsible for ensuring there are sufficient funds in their accounts for settlement purposes in the event that the funds from the Cash Plus redemption are not credited in time for trade settlement.

Can Cash Plus be redeemed manually?

Yes, redemption requests can be submitted at any time on the Cash Plus page. Once it is successfully redeemed, the cash can directly be used for stock trading, currency conversion as well as withdrawal. The redemption process will be completed within the same day (T+0) before 18:00 SGT. Do note that idle cash from Cash Plus redemption will only be placed back 3 days after successful redemption.

In the case of trading, Cash Plus will automatically subscribe or redeem according to the balance in your securities account.

Can Cash Plus be used for currency conversion and withdrawal?

No. Generally, funds in Cash Plus must be manually redeemed before currency conversion or withdrawal requests can be processed.

For withdrawals, our system will automatically initiate the redemption of Cash Plus funds on behalf of clients. Once the redemption is successful, the withdrawal will be processed automatically. This process typically takes 1–2 business days.

For currency conversion, funds in Cash Plus must be manually redeemed before a conversion request can be submitted. However, for clients with the auto-conversion facility, the system will automatically redeem sufficient funds from Cash Plus whenever there is a debit balance in another currency. Once the redemption is completed, the proceeds will be automatically converted to offset the debit balance