What is the buy process for SGS Bonds via my existing Cash Account?
For market orders, the money will be earmarked for purchase of your SGS Bonds and cannot be used for other type of cash purchases on the same day as the market order will be transacted on the same day. Once the price quote is obtained from the Primary Dealer, the exact investment amount is then computed and withdrawn from your Ledger Balance in your Cash Account. For price orders, we will attempt to meet your stipulated price for 10 business days from the day the order is put through online. Within these 10 days, the money that has been earmarked for purchase of your SGS Bonds will continue to earn the current interest in your Cash Account. This amount cannot be used for other type of cash purchases. Once your stipulated price is met, the exact investment amount is then computed and withdrawn from your Ledger Balance. If your stipulated price is not met over these 10 days, your order will be deemed to be unfulfilled and your payment will not be deducted but continue to earn interest in
