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Old 19-06-2011, 09:58 AM   #84
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blushing_guy's Avatar
Join Date: Oct 2005
Posts: 4,767
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.
Based on the FAQ, there are interests being paid out in your settlement account. Just only I do not know how much is the interests being paid to the account holders.
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