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Home >>  Help >>  Charges and Settlement  >>  CPF/SRS Funds
Charges and Settlement

Trading with CPF / SRS Funds - Frequently Asked Questions

   
Q1. Can I use CPF funds to settle for my trades?

Yes you may. However, please note that CPF funds can only be used to purchase CPF approved counters. You will need to apply for a CPF Investment account with a CPF agent bank.
Please note that you will need to ensure that stocks are CPFIS approved prior to trading using your CPF funds. You can get the list of CPFIS approved stocks from www.sgx.com.
 

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Q2. How do I go about using my CPF funds to trade?

To commence trading using your CPF funds, you will need to furnish the CPF Investment Account Number to your Trading Representative and submit the Standing Instruction to your CPF Agent Bank. You are also advised to check that you have available CPF investible funds available for trading.
 

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Q3. How do I go about using funds in my Supplementary Retirement Scheme Account ("SRS") to trade?

You are required to open a Supplementary Retirement Scheme Account ("SRS") with one of the SRS Agent Banks. To commence trading using funds in your SRS Account, you will need to furnish your SRS Account number to your Trading Representative or at the onset of opening of a Cash Trading Account with us. You are also advised to check that you have available investible funds in your SRS Account available for trading.
 

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Q4. What happens when I have insufficient funds in my CPF Account?

Your CPF / SRS trades will fail and you are required to make payment using your own funds.
 

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Q5. Can I contra trades using CPF funds?

No. You are not allowed to contra your CPF / SRS trades. Please note that shares purchased under the CPF Investment Scheme MUST be settled by CPF agent bank and credited to your account before you can sell.
For any failed delivery of trade, SGX will impose a penalty of 5% of the value of the failed trade subject to a minimum of S$1,000 and this will be borne by the clients.
However, you can use the sales proceeds from one counter to purchase another counter on the Due Date + 1 of the sales contract.
 

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