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Anonymous

08 Jun 2021

∙

General Investing

I purchased the RSP plan through FSMONE and money was deducted on 8th but somehow it didn't reflect on my portfolio. Why is this so?

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Kim Hwee

09 Jun 2020

The cash will be deducted on the 8th of each month as long as it is a trading day.

But the transaction usually completes one day afterwards, granted the day after the 8th is a trading day. If not, it will be the next available trading day.

If 8th falls on a non trading day, then the cash should only be deducted on the next available trading day and transaction taking place a day after that.

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Tay_WenHao

09 Jun 2020

I believe its your first time. It will take awhile to process. For SGX, usually T+2 which mean earliest is tomorrow. But RSP processing take slightly longer.

Dont need to worry, the stocks will eventually be credited.

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