Frequently Asked Questions
Cash Management (KC) Account
What is Cash Management (KC) Account? How is this different from my existing 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.
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?
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