POSB Regular Savings Plan

[bahahah]

Hi guys,

I am looking at RSP for STI ETF with posb. When i read the product highlights i saw the below. Can anyone tell me what it means?
Thanks.

You should be aware there is a minimum redemption size
-You can redeem your Units in-kind
with a Participating Dealer only if you meet the
minimum redemption size, which is currently 500,000
Units.
-If you hold less than this minimum size, you may only be able to realise the value of your Units by: (i) selling your Units on the SGX-
ST at the prevailing trading price of the Units; or (ii) (if you hold at least 100,000 Units) redeeming your Units for cash on each Cash Dealing Day through a Participating Dealer in multiples of 100,000 Units.
-However, do note that the Participating Dealers are
under no obligation to redeem your Units.

 

[deepblueli]

Hi guys,

I am looking at RSP for STI ETF with posb. When i read the product highlights i saw the below. Can anyone tell me what it means?
Thanks.

You should be aware there is a minimum redemption size
-You can redeem your Units in-kind
with a Participating Dealer only if you meet the
minimum redemption size, which is currently 500,000
Units.
-If you hold less than this minimum size, you may only be able to realise the value of your Units by: (i) selling your Units on the SGX-
ST at the prevailing trading price of the Units; or (ii) (if you hold at least 100,000 Units) redeeming your Units for cash on each Cash Dealing Day through a Participating Dealer in multiples of 100,000 Units.
-However, do note that the Participating Dealers are
under no obligation to redeem your Units.

Where did you see this? Seems like this is not the regular saving plan.

If you are planning to invest more than $500 per month, I think OCBC is better.
https://www.ocbc.com/personal-banking/investments/bluechip.html

 

[chuanz]

Hi guys,

I am looking at RSP for STI ETF with posb. When i read the product highlights i saw the below. Can anyone tell me what it means?
Thanks.

You should be aware there is a minimum redemption size
-You can redeem your Units in-kind
with a Participating Dealer only if you meet the
minimum redemption size, which is currently 500,000
Units.
-If you hold less than this minimum size, you may only be able to realise the value of your Units by: (i) selling your Units on the SGX-
ST at the prevailing trading price of the Units; or (ii) (if you hold at least 100,000 Units) redeeming your Units for cash on each Cash Dealing Day through a Participating Dealer in multiples of 100,000 Units.
-However, do note that the Participating Dealers are
under no obligation to redeem your Units.

That's just giving you the options of liquidating your units. They're just saying that if you have large enough number of units, you don't have to necessarily "redeem" through them.

 

[bahahah]

Where did you see this? Seems like this is not the regular saving plan.

If you are planning to invest more than $500 per month, I think OCBC is better.
https://www.ocbc.com/personal-banking/investments/bluechip.html

its in DBS ibanking website. if you choose the RSP then choose nikki STI ETF shld be able to find the link to product highlights on the website.

 

[xersion]

No need to be bother with this... Doesn't concern us

Sent from OPPO X9079 using GAGT

 

[lewissac]

Hi guys,

I am looking at RSP for STI ETF with posb. When i read the product highlights i saw the below. Can anyone tell me what it means?
Thanks.

You should be aware there is a minimum redemption size
-You can redeem your Units in-kind
with a Participating Dealer only if you meet the
minimum redemption size, which is currently 500,000
Units.
-If you hold less than this minimum size, you may only be able to realise the value of your Units by: (i) selling your Units on the SGX-
ST at the prevailing trading price of the Units; or (ii) (if you hold at least 100,000 Units) redeeming your Units for cash on each Cash Dealing Day through a Participating Dealer in multiples of 100,000 Units.
-However, do note that the Participating Dealers are
under no obligation to redeem your Units.

If you want, you can also use MayBank Kim Eng monthly Investment Plan.
Same concept: minimum $100.00 to participate. Instead of G3B counter, you can buy ES3 as well (another STI ETF). Only thing is you can sell it online to the market in lots of 100 shares, instead of odd lots.