This article will quickly answer common questions about automatic repayment.
1. What is auto-currency conversion?
Auto-currency conversion is a service that automatically offsets debit balance in the account by converting currency with a credit balance into currency with a debit balance. As a result, debit interest in the account is maintained at a minimum level. The currency selected for auto-conversion will be based on its amount in SGD equivalent, from highest to lowest.
2. How do I enable auto-currency conversion?
To enable this service, kindly visit: "App” > "Me” > "More Settings” > "Account Preference" > "Auto-Currency Conversion".
3. Under what circumstances will the auto-currency conversion be triggered?
When the account's net debit balance exceeds SGD 1.00 or the equivalent at time 07:00 SGT and 16:15 SGT on an SG business day, an auto-currency conversion will be triggered.
In the case that any offset/conversion was initiated by the client before the mentioned time, the auto-conversion will not be triggered.
4. What is the exchange rate being used for auto-currency conversion?
The prevailing rate as of 07:00 SGT and 16:15 SGT daily will be used for auto-currency conversion. Exchange rate indicated is for reference only, kindly refer to the actual amount after conversion.
5. Where can I find the conversion record?
To check the conversion records, kindly visit: "App” > "Portfolio" > "More" > "Fund Details". Alternatively, the daily statement will also include this information.
6. How do I disable auto currency conversion?
To disable/opt-out from this service, kindly visit: "App” > "Me” > "More Settings” > "Account Preference" > "Auto-Currency Conversion".
Disclosures
This article is for reference only and does not constitute any investment advice.
- Contact Us
- WhatsApp Chat (for general enquiries):+65 6330 3033
- Trading days: 9:00am – 6:00pm (GMT+8)
- Dealing Hotline:+65 6330 3030
- Trading days: 9:00am – 6:00pm (GMT+8)
- For Institutions
- Corporate Services
- OpenAPI
- contact@longbridge.sg
- About
- About us
Registered with the Monetary Authority of Singapore (MAS), Long Bridge Securities Pte. Ltd. is a Capital Markets Services Licence holder and Exempt Financial Adviser (Licence No. CMS101211).
A licensed corporation recognized by the SFC (CE No. BPX066). Holder of License Types 1 (Dealing in Securities), 2 (Dealing in Futures Contracts), 4 (Advising on Securities) and 9 (Asset Management). Also a registered HKEX participant and HKSCC participant.
Long Bridge Securities LLCA broker dealer registered with the Securities and Exchange Commission (SEC)(CRD: 314519/SEC: 8-70711), a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC).
A New Zealand registered Financial Service Provider (FSP number: FSP600050), and is a member of the Financial Dispute Resolution Scheme, a New Zealand independent dispute resolution service provider.
Long Bridge Securities Pte. Ltd. (“Long Bridge Securities”) (UEN No.: 202111825D) is regulated by the Monetary Authority of Singapore and holds a Capital Markets Services Licence for dealing in capital markets products that are securities, collective investment schemes, and exchange-traded derivatives contracts, and is an Exempt Financial Adviser.
The information contained on this website is provided for general information and educational purposes only. It does not take into account your specific investment objectives, financial situation, or particular needs. The content on this website does not constitute financial advice, an investment recommendation, an offer, or a solicitation to buy or sell any financial product.
You should carefully consider the suitability of any investment in light of your own circumstances, including your investment objectives, financial situation, and risk tolerance. Where necessary, you should seek advice from an independent financial adviser under a separate engagement before making any investment decision.
All investments carry risks. The value of financial instruments and products may rise or fall, and you may lose all or more than your initial investment. Past performance is not necessarily indicative of future results. Certain products, such as margin trading, options, warrants, exchange-traded derivatives, and structured products, involve a high degree of risk and may not be suitable for you.
Before trading, you must read the relevant risk disclosure statements available on the Longbridge Risk Disclosure Statement page.
While Long Bridge Securities takes reasonable care to ensure that the information provided on this website is accurate as at the time of publication, no representation or warranty is made as to its accuracy, adequacy, completeness, or reliability. Information may be subject to change without notice. Long Bridge Securities shall not be liable for any loss or damage arising from any reliance on or use of the information contained on this website.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
In the event of any discrepancy or inconsistency between the English version and the Chinese translation, the English version shall prevail.