Notice: Announcement on Non-Exposure to US Regional BanksLast Updated: March 16, 2023
In view of the recent news about the collapse of Silicon Valley Bank and Signature Bank in the US, please rest assured that Phillip Securities Pte Ltd has no exposure to either of these two banks.
Our customers’ cash balances including USD are held in Singapore bank accounts which are designated as trust accounts for customers in compliance with requirements under the Securities and Futures Act 2001.
Protection of investor assets remains our utmost priority.
Thank you for your confidence in PhillipCapital.