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Currently, DBS Vickers Securities is not offering GIRO and EPS facility to clients who already have Interest bearing trust account. Will the Optimal Cash Account be following the current practice?

April 26, 2017bearing clients Currently DBS EPS facility GIRO offering securities Vickers

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Currently, DBS Vickers Securities is not offering GIRO and EPS facility to clients who already have Interest bearing trust account. Will the Optimal Cash Account be following the current practice?

1 Answer

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Yes. If you hold an Optimal Cash Account (in SGD) with DBS Vickers Securities, GIRO or EPS facility will not be available for your settlement of trades. If you have an existing GIRO, your GIRO facility will be automatically unlinked to accommodate the Optimal Cash Account.