How does the sell limit of my Cash Plus Account work?

Cash Plus Account sell limit is provided to facilitate SGX short selling and also the selling of shares kept with CPF/SRS/Share Builders Plan (SBP).

Please refer to the following scenarios:

Scenario 1 (with sufficient holdings but insufficient sell limit)

Client bought 10,000 DBS shares with available funds. Account with $20,000 sell limit.
- Client account show holdings of 10,000 x DBS and S$20,000 sell limit.

If client places a single order to sell 10,000 x DBS @ S$31.40, order will go through based on holdings.
- Client account now show holdings = 0, and $20,000 sell limit remains unchanged.

Scenario 2 (with partial holdings & sufficient sell limit)

Client bought 3,000 DBS shares with available funds. Account with S$35,000 sell limit.
- Client account show holdings of 3,000 x DBS and S$35,000 sell limit.

If client places a single order to sell 4,000 x DBS @ S$31.40, order will go through based on 3,000 holdings & balance 1,000 is deducted from the sell limit.
- Client account now show holdings = 0, and S$3,600 sell limit balance

If trade is done, client short sell 1,000 DBS.

Scenario 3 (with partial holdings but insufficient sell limit)

Client bought 1,000 DBS shares with available funds. Account with S$100,000 sell limit.
- Client account show holdings of 1,000 x DBS and S$100,000 sell limit.

If client places a single order to sell 10,000 x DBS @ S$31.40, order will be rejected due to insufficient sell limit for balance of 9,000 shares, this order requires S$282,600 sell limit.

Scenario 4 (NO holdings but sufficient sell limit)

Client has NO holding. Account with S$80,000 sell limit.
- Client account show holdings = 0, and S$80,000 sell limit.

If client places a single order to sell 2,000 x DBS @ S$31.40, order will go through based on sufficient sell limit)
- Client account now show holdings = 0, and S$17,200 sell limit balance.

If trade is done, client short sell 2,000 x DBS.

Scenario 5 (NO holdings and insufficient sell limit)

Client has NO holdings. Account with S$100,000 sell limit.
- Client account show holdings = 0, and S$100,000 sell limit.

If client places a single order to sell 4,000 x DBS @ S$31.40, order will be rejected due to insufficient sell limit, this order need S$125,600 sell limit.

Please contact your Trading Representative to adjust your sell limit according to your trading needs.