Help and Support

CPF Trades

Utilising CPF funds to trade online

Please take note of the following important conditions when using CPF funds to invest:

a)     CPF is not applicable for Share Financing / Share Borrowing Accounts.

b)     Kindly ensure that you have furnished us with your CPF Investment Account number prior to trading.

c)      You must select payment mode as “CPF” for all buy / sell orders.

The “C” indicator at iOCBC Website denotes its CPF approved stock. Alternatively, you may check the SGX website for the full list of CPF approved stock.

With effect from 1 April 2008, you will not be able to invest the first $20,000 in your Ordinary Account and first S$30,000 in your Special Account.

Find out more about trading with your CPF funds

Revoked CPF trades

Please take note of the following important conditions when using CPF funds to invest:

a)     CPF is not applicable for Share Financing Account / Share Borrowing Account

b)     Kindly ensure that you have furnished us with your CPF Investment Account number prior to trading

c)      You must select payment mode as "CPF" for all buy / sell orders

d)     CPF agent bank did not receive standing instruction form

Client will be responsible for those revoked CPF trades due to whatever reason as furnished by their CPF agent bank. All revoked CPF (including partial revoked) trades will be changed to “cash” settlement and subject to the normal settlement rules of “trade date + 3 market days”.

Selling revoked CPF trades

To sell the shares that has been revoked, you will need to select cash as the payment mode for your sell trades and ensure that you enter the correct quantity.

Only full revocation of CPF trade to cash trade will be automatically reflected on your “Current Portfolio”. For partial revocation of “CPF” trade to “cash” trade, you are requested to adjust it manually with the following steps:

a)     On your “Current Portfolio”, click on “Details” and remove the CPF contract

b)     Select “Add Contracts” and add in the 2 contracts for “CPF” trade and “cash” trade separately

Trade amendment

If you have executed a “CPF” order by mistake or and you wish to change it to a “cash” order, you must call to inform your Trading Representative before 5pm within the same day to make your amendment.

Similarly, if you have executed a “Cash” order by mistake and wish to change it to a “CPF” order, contact your Trading Representative immediately on the trade date to make amendments.

Settlement currency

All CPF trades will be settled in SGD.

If you are buying / selling “SPDR GOLD SHARES” (traded in USD), the settlement currency will always be SGD.

Do remember to select the settlement currency as SGD each time you submit an order online. If you are placing the trade through your dealer, you are requested to inform the dealer on the settlement currency as SGD each time.

Contra for CPF trades

Contra is not allowed for CPF trades, i.e. you are not allowed to buy and sell the same stock on the same day unless you have sufficient shares in your CPF account to deliver for your sell order.

If you intend to use your sales proceeds to settle your new purchases, you can only purchase the stock one day after you have sold the stock.

Selling rights entitlement

If you are entitled to rights in your CPF Investment Account and wish to sell off the rights entitlement, please take note to:

a)     Select “cash” mode for your sell order

b)     Provide us with your CPF Investment Account number

c)      Call your Trading Representative immediately on the trade date for amendment to “CPF” once your order is fulfilled

Transfer cash balance from CPFIA to ordinary account

Your sales proceeds will be credited into your CPF Investment Account with your agent bank. Your agent bank will transfer the cash balance held in your CPF Investment Account to your CPF Ordinary Account at end of the month if your Investment Account has been inactive for 2 consecutive months.

If you have been unsuccessful in an IPO application, your agent bank will transfer the unused CPF for the IPO application to your Ordinary Account at the end of the month.

You may also transfer the cash balance in your CPF Investment Account to your Ordinary Account at any time using your agent bank's facilities (e.g. ATMs or phone banking facilities) or over the counter at the bank.