Can I buy and sell on same day or before settlement day (t+3)
steventay wrote:
first u need to have a saving account in SCB
e-Saver is FREE no need min
u have SCB SG Settlement acc
first u transfer fund from other bank to SCB e-Saver.
when the fund in the E-Saver, transfer it to the SCB SG Settlement acc if u want to buy SG Market.
the amt in the SCB Settlement acc is the purchasing power.
when u bid or queue any order, it will reduce the purchasing power.
Eg Settlement acc 50K
end of the day u bid 10K
the amt will deduct from the settlement Account T+3.
u can only transfer 40K back to E-Saver acc.
Amt in the settlement account do not earn interest i think.