Personal Investment > Stocks & Shares > Phillip Cash Management Account

Stocks & Shares

At PhillipCapital, we provide you with different account types to suit your needs better.

• Phillip Cash Management Account
• Phillip Investment Margin Account
• Share Financing Account
• Share Builders Plan
• Shares Borrowing and Lending

Phillip Cash Management Account (PCMA)

In a financial environment that is both dynamic and ever-changing, you need an account that better manages your finances. That is why we have created the PCMA.

What is PCMA?
Phillip Cash Management Account (PCMA) is an enhanced trading account that allows you to get the most from your money with the powerful cash management features.

It allows you 24 hr access to multiple markets including Singapore, Malaysia, Hong Kong, Thailand, Japan, UK and US via POEMS, our online trading platform.

Local shares purchased will be kept in your Global Securities Account (GSA) with the Central Depository (CDP).

Features of PCMA

• Attractive Returns
  Excess credit balance in your account will automatically be invested into our Phillip Money Market Fund (PMMF) at absolutely no charge and fully managed by our award winning Phillip Capital Management team. PMMF (refer to past performance in the chart below) has proven to yield higher returns than the local banks' savings rates*. It taps into high quality money market instruments, such as government bonds, treasury bills, etc.
  
  PCMA aims to preserve the principal value and maintain high degree of liquidity. Unlike banks’ fixed deposits, your cash in PMMF are not locked-in and will always be available for your use or withdrawal by the next working day.       

Absolutely NO service fee and NO requirement of minimum balance!


Phillip Money Market Fund Performance Chart as at 31 Dec 2007 on SGD, Bid-Bid basis with Income Reinvested

NAV is the market value of all securities owned by a fund, minus its total liabilities, divided by the number of units issued. It is equivalent to bid price as there are no redemption charges.

For example:
NAV is 1.0116 in Dec 2001. If you put in $50,000 in the fund then, you will get back $54,636.22 in Dec 2007 when NAV reaches 1.1054, as illustrated below#.

#This example is for illustration purpose only. Past performance may not be indicative of future performance.

*Source
a) MAS website (Interest Rates of Banks & Finance Companies: Banks Savings Deposits)
b) Bloomberg

• Hassle-free Trade Settlement
  As long as you have sufficient funds in your PCMA, enjoy automatic payment/offset for trades done in Stocks, Unit Trusts, Treasury Bills and more.
• Multi-currency Ledgers
  You also have the option of maintaining foreign currency balances (USD, HKD, MYR and JPY) in your account for ease of trading and efficient management of your foreign currency denominated investments.
• Transactional Records and Statements
  Up to 12 months of past transaction history is archived online and accessible through POEMS. Detailed monthly/quarterly statements will also be sent.
• Custodian Services
  Enjoy full services when it comes to trade settlements and corporate actions for all your foreign share holdings.
• Online Transactions
  You can pay online via POEMS for selected reward items using funds in the PCMA. You can also transfer funds to your other trading accounts or local bank account.
• Electronic Payment for Shares (EPS)
  Deposit cash into your PCMA anytime through your banks’ ATMs or internet banking facilities by selecting the EPS (Lump Sum Payment) option. Online bill payment is also accepted.

For more information, click here to download our brochure