Frequently Asked Questions
GIRO
I have a cash trading account with GIRO linkage, when will the bank deduct the fund for my purchase?
The bank will deduct the settlement amount on the 2nd business day after the contract due date (D+2). Please ensure that your bank account has sufficient funds by D+1. If there are insufficient funds in your account, PSPL reserves the right to sell or dispose of any or all of the outstanding positions from D+2 onwards.
Other faq that might help you
- What is the purpose of GIRO?
- Can I sign up for both Electronic Payment for Shares (EPS) and GIRO?
- When will the GIRO service take effect?
- I have a cash trading account with GIRO linkage, when will I receive my sales proceeds?
- Can I do contra in my Cash Trading account with GIRO linkage?
- When will contra losses/gains be settled under GIRO?
- How do I delink my RSP GIRO linkage?
- Can I cancel my GIRO arrangement?
- Is the GIRO arrangement applicable to both Shares and Unit Trusts?
- How do I apply for GIRO online?
- When will the funds be deducted for lump-sum investments & under the Regular Savings Plan (RSP)?
- Can I sign up for the Share Builders Plan (SBP) without submitting the GIRO application?
- Can I submit the GIRO application for bank approval first, and then submit the SBP application afterward?
Did this answer your question?