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Anonymous

19 May 2020

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General Investing

What's the difference between cash trading account and cash upfront trading ?

Saw these 2 options when applying for CGSCIMB. What's the difference and what are their pros and cons?

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Cash Trading Account ("CTA") is linked to your CDP. They are the custodian of your Singapore shares, while Cash Upfront Trading Account ("CUT"), custodian will be CGS-CIMB Securities (S) Pte Ltd.

Cash Upfront requires you to deposit the money in the account before you can make a purchase. This feature allows you to have lower commisions (0.18%, subjected to a minimum) as compared to 0.275% for cash account.

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