Frequently Asked Questions
Cash Management (KC) Account
Can I sell shares allotted through IPO?
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.
Other faq that might help you
- Information Sheet
- What is Cash Management (KC) Account? How is this different from my existing account?
- Can this account hold foreign currencies?
- Do I get any interest/returns from the credit balance I maintain in my Cash Management (KC) Account?
- What is Excess Funds Management Facility?
- How can I check my positions and returns under the Excess Funds Management Facility?
- Is Cash Management (KC) Account chargeable?
- Can I open a Cash Management (KC) Account if I am overseas?
- Can I open a Joint Cash Management (KC) Account ?
- Can I open a Corporate Cash Management (KC) Account?
- Can I sell my existing shares through Cash Management (KC) Account?
- Can I sell shares allotted through IPO?
- Where will the sales proceeds be in after I have sold off my Shares/Unit Trusts using my Cash Management (KC) Account?
- How do I deposit cash into my Cash Management (KC) Account?
- How do I withdraw my money from Cash Management (KC) Account?
- Does Cash Management (KC) Account provide Margin/Financing facilities?
- What is the processing time for the online cash withdrawal?
- Can I use my Cash Management (KC) Account to trade through my remiser?
- If I have an existing Cash Trading Account with Phillip Securities, can I convert it to Cash Management (KC) Account?
Did this answer your question?
