Cash withdrawable refers to the cash you can withdraw from your securities account to your bank account, including but not limited to:
Uninvested cash;
Funds settled after selling stocks.
Your cash withdrawable amount may be impacted by various factors, as listed below:
Asset settlement: Includes the process of buying and selling assets like stocks, options, and mutual funds, as well as distributing dividends, and more.
Trading costs: Includes funds on hold, stock borrowing fees, margin, and more.
Please note that your cash withdrawable amount may not be updated in real time. It may take 1-3 business days for your account to update.
If you need to withdraw funds urgently and are unsure about the amount required to open a trade, we suggest you suspend trading for 2-3 business days before you intend to withdraw funds. This will help ensure that you can withdraw the most amount of funds available.
When you trade, the funds will be updated to your cash withdrawable once the settlement with the exchange is successful. The time it takes to settle varies by exchange. Below are the settlement cycles for some products:
Singapore Stocks: T+2
Hong Kong Stocks: T+2
Stock Connect A Shares: T+1
Options and Futures: T+1
Note: The US stocks are settled in the post-market trading session 1 days after the transaction day, however, due to time zone differences, this will complete on the 2nd day in Singapore.
Example
For Singapore, Hong Kong stocks, and Stock Connect A shares:
Singapore or Hong Kong stocks sold on Monday, 07/31/2023 SGT will be settled on Wednesday 08/02/2023 SGT.
Stock Connect A shares sold on Monday 07/31/2023 SGT will be settled on Tuesday 08/01/2023 SGT.
|
Singapore Time |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
|
Singapore or Hong Kong stock trades |
Sell (T day)
|
Settling (T+1 day)
|
Settled (T+2 day) |
Trading day |
Trading day |
|
Stock Connect A share trades
|
Sell (T day)
|
Settled (T+1 day) |
Trading day
|
Trading day |
Trading day |
Example
For US stocks:
Daylight Saving Time: US stocks sold on Monday, 07/31/2023 ET will be settled at 20:00 on Tuesday, 08/01/2023 ET, which is at 8:00 Wednesday, 08/02/2023 SGT for the settled funds to be updated to your cash withdrawable.
Winter Time: US stocks sold on Monday, 07/31/2023 ET will be settled at 20:00 on Tuesday, 08/01/2023, which is at 09:00 Wednesday, 08/02/2023 for the settled funds to be updated to your cash withdrawable.
|
Eastern Time |
Wednesday |
Thursday |
Friday |
Saturday |
Sunday |
|
Singapore Time |
Wednesday - Thursday |
Thursday - Friday |
Saturday morning |
Saturday - Sunday |
Sunday - Monday |
|
US stock trades |
Sell (T day)
|
Settled (T+1 day)
|
Trading day
|
Market holiday
|
Market holiday |
Adjustments for holidays and other market closures
Please note that settlement times will be automatically extended in case of market holidays or other factors.
Example
For Singapore and Hong Kong stocks:
If you trade Singapore or Hong Kong stocks on Wednesday SGT, the funds are supposed to be settled on Friday SGT. However, if Thursday or Friday is a holiday, the settlement date will be next Monday SGT.
For Stock Connect A shares:
If you trade Stock Connect A shares on Wednesday SGT, the funds are supposed to be settled on Thursday SGT. However, if Thursday or Friday is a holiday, the settlement date will be next Monday SGT.
|
Singapore Time |
Wednesday |
Thursday |
Friday |
Saturday |
Sunday |
Monday |
|
Singapore or Hong Kong stock trades
|
Sell (T day)
|
Market holiday
|
Settling (T+1 day) |
Market holiday
|
Market holiday
|
Settled (T+2 day)
|
|
Stock Connect A share trades |
Sell (T day)
|
Market holiday
|
Market holiday
|
Market holiday
|
Market holiday
|
Settled (T+1 day)
|
Example
For US stocks:
If you trade US stocks on Thursday SGT, the funds are supposed to be settled on Friday SGT. However, if Friday is a holiday, the settlement date will be next Monday SGT, which is at 08:00 Tuesday for the settled funds to be updated to your cash withdrawable.
|
Eastern Time |
Wednesday |
Thursday |
Friday |
Saturday |
Sunday |
Monday |
|
Singapore Time
|
Wednesday - Thursday |
Thursday - Friday |
Friday - Saturday |
Saturday - Sunday |
Sunday - Monday |
Tuesday morning
|
|
US stock trades
|
Trading day |
Sell (T day) |
Market holiday |
Market holiday
|
Market holiday
|
Settled (T+1 day) |
The cash withdrawable amount may be affected by a fund redemption request. Please refer to the article below for details:
Why can't my funds be used for withdrawal or currency exchange?
Funds placed on hold are not available to withdraw until the hold is cleared from your account. Funds may be placed on hold for the following:
Open order being processed
Pending withdrawal requests
Pending currency exchange requests
Unsettled fees, interest charges or trading costs
Frozen IPO subscription amounts
Once the hold is cleared, the cash withdrawable amount will be updated automatically.
Investors who have opened a margin trading account have a margin amount that is required to hold in the account at all times. The margin required may affect the cash withdrawable amount.
The margin requirement is calculated based on all your open positions of stocks, options and other financial securities in your account. The margin required will include unused cash and may reduce the cash withdrawable.
To increase the cash withdrawable amount, consider closing any open positions currently held in your margin account.