Phillip Investment Account – Prepaid (CC)

This account is a cash funded trading account. Trading limit is based on the available cash in the account.. There is no minimum deposit required. The available cash is reduced at the point of order submission and the amount is earmarked until settlement of the buy contract.

Sell order is checked against your stock holdings to avoid short-selling. Buying power is restored immediately once the sell order is filled.

The following are specific to equity trading only.

Settlement of Purchase Contracts
Purchase Contracts will be settled on the Contract Due Date through the deduction of the balance in the account.

Settlement of Sale Contracts
Settlement of Sale Contracts will be performed on Contract Due Date. The sale proceeds will be credited to the account upon delivery of the shares.

Custody of Shares
All shares deposited or transacted through the Phillip Cash Prepaid Account will be held in custody with Phillip Securities Pte Ltd in trust according to the terms and conditions set out in the Conditions Governing Phillip Securities Trading Accounts.

Multi-currency Facility
As an added advantage, this account has the option of maintaining foreign currency balances for efficient management of foreign currency-denominated investments With Multi-Currency facility, client can have the flexibility to settle his/her trades in foreign currencies which can help them in reducing their currency exposure. i.e. settlement of contracts will be according to the selected settlement currency instead of default SGD.

There is no minimum balance amount required for maintaining the foreign currency ledger. Respective currency accounts should have sufficient funds to avoid incurring interest on debit balances. Please refer to our Infosheet on the applicable debit interest rates.

Auto-conversion of Debit Balance will take place in the event the ledger runs into a deficit, which may arise from certain transactions carried out on that day.

Excess Fund Management Facility
For un-invested amounts held in your account, you may opt for Excess Funds Management facility to yield potentially better returns as oppose to bank interest. Please click here to find out more.

Withdrawal of Funds
You may request to withdraw excess available cash from the account by submitting an online withdrawal form or contact your Trading Representative to assist you. Instructions submitted before 10am will be processed on the same day. For your convenience you may choose to have the funds credited directly to your bank account.

Monthly Statements
There are 2 types of statements sent to you:

  1. Statement reflecting monthly transaction movements and balance in the trading account
  2. Statement of transaction for equity trading (if there are any trades done)

If there is no transaction done in the trading account, a quarterly statement will be issued instead.

You may also view your current and previous month’s transaction history and account details up to 12 months year-to-date through POEMS.

Enroll in eStatements today to enjoy greater convenience of viewing your statements on the go and save the environment! Click here to find out more.

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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 <> 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