Cash Management Account

Cash Management (KC) Account is a ledger-based account that has the ability to hold money in the account at anytime. Trade purchases will be settled as long as you have sufficient funds in the account. No minimum balance is required to be maintained in the account.
  • Automatic settlement of trades done if you have sufficient funds in the Cash Management (KC) Account.
  • Up to 12 months (year to date) of transaction history is available online.
  • Ability to maintain foreign currencies ledgers.
  • Ability to hold cash balances in the account with credit interest given for certain currencies.
  • Invest your excess cash in the Cash Management (KC) Account into Money Market Funds to potentially earn higher returns when you opt for Excess Funds Management Facility.
Yes, this account can maintain foreign currency balances when you opt-in for the Multi-Currency Facility, giving you the flexibility to retain your foreign cash proceeds in their respective currencies. Moreover, if you have SGD in the account and would like to invest in foreign currency denominated stocks, you can easily convert the SGD online.
Yes, there is interest for SGD & USD credit balances. Please refer to the Cash Management (KC) Account infosheet section 2.

Excess Funds Management Facility is a feature that allows customers to earn returns through the excess funds parked in their trading account. In this manner, the excess funds not used for trading are not left idling and this means your money works harder for you. The excess funds will be invested on a discretionary basis into Money Market Funds. Currently, excess SGD funds will be invested in the Phillip Money Market Fund whereas excess USD funds will be invested in the Phillip USD Money Market Fund.

Phillip Money Market Fund (PMMF) is a stable yielding unit trust fund managed by Phillip Capital Management Pte Ltd. The fund was introduced in April 2001 and is diversely parked in Singapore government bonds, bills, commercial papers, etc. The fund aims to preserve the principal value and to maintain a high degree of liquidity.

Phillip Money Market Fund is regulated by the Monetary Authority of Singapore (MAS). The fund is fully liquid and available for your withdrawal anytime you want.

Upon login to your Phillip Account, you may view your monthly positions and returns from Acct Mgmt > Stocks > Transaction History.
We are pleased to offer this account with:-
  • No fees and charges on maintaining or usage of the account.
  • No requirement of minimum balances.
 
You can open a Cash Management (KC) Account online via Myinfo or Online Form. You need to be at least 18 years of age, not a U.S. person and not a bankrupt. Refer to “What do you need to prepare” section for documents required for account opening.
Yes. However, the joint applicant must be above the age of 18 years old and both the main and joint applicants must first open a joint CDP account at Central Depository Pte Ltd (CDP). No joint application if you are below 18 years old. The joint CDP account can be opened at our Phillip Investor Centres(PICs).
Yes. However, you must have a corporate CDP account with Central Depository Pte Ltd (CDP).
Yes, Singapore shares held in CDP directly under your name can be sold through Cash Management (KC) Account. Foreign shares bought through other securities houses must be transferred to the Cash Management (KC) Account first before you can sell through it.
Yes, you can sell shares allotted through IPO. The shares listed on SGX will be credited into your CDP account. Once the shares have been credited, clients can sell through their Cash Management (KC) Account.
All sales proceeds for Shares or Unit Trusts will be credited into your Cash Management (KC) Account.

You may refer to our payment page for the full list of funding methods.

You can choose any one of the avenues to withdraw the money from Cash Management (KC) Account:

  • Submit online withdrawal form via POEMS 2.0 > Acct Mgmt > Stocks > Online Forms > Withdrawal & Conversion > Withdrawal Form.
  • Ask your Trading Representative to submit request on your behalf for withdrawal

No, Cash Management (KC) Account does not have Margin/Financing facilities. Your account will only be allowed to trade up to your assigned trading limits or the amount of funds in your Cash Management (KC) Account, whichever is higher. If you wish to have Margin/Financing facilities, please open a Margin (M) Account.
When you submit the online withdrawal request via POEMS 2.0 > Acct Mgmt > Stocks > Online Forms > Withdrawal & Conversion > Withdrawal Form before 10am, the funds will be available in your bank account on the next working day.

Yes. You can use the account to trade through POEMS or your designated Trading Representative can place trades on your behalf. The prevailing commission charges applies.

Click here to find out more about Commission Charges.

Conversion can be done online via POEMS, under STOCKS > ACCT MGMT > Online Forms or a conversion form can be mailed to us. Cash Trading Account with existing GIRO facility has to be terminated before we can process the conversion to Cash Management (KC) Account.

Contact us to Open an Account

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IMPORTANT INFORMATION

This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  

 

Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com