CPF/SRS Trading Settlement Rules - Help

To begin CPF/SRS trading, clients must have an active Cash Boost Account (CBA) with an assigned buy/sell limit. This limit may be automatically granted upon successful CPF/SRS account linkage, subject to credit assessment during onboarding. If not, clients will need to submit a buy/sell limit application via Tiger app under Credit Limit tab.
The credit limit in the CBA is shared across contra trading, CPF/SRS trading, and CDP sell transactions. Once CPF/SRS trades are settled by the agent bank, the used limit will be reset accordingly.
Before selecting CPF/SRS as the payment method, clients must ensure that their CPF/SRS account has sufficient investible funds or available shares. The fund balance and holdings are available on the agent bank's platform or statement.

If client place a buy order using their CPF account but do not have sufficient investible funds or stock investment limit, the agent bank may partially or fully revoke the trade around T+1 12:00 PM or T+2 10:00 AM. Client may receive an email notification once the trade has been amended.
If client place a buy order using their SRS account but do not have sufficient funds to cover the trade, the agent bank may partially or fully revoke the trade based on your available funds around T+1 12:00 PM. Client may receive an email notification once the trade has been amended.
If client CPF/SRS buy trade is partially or fully revoked due to insufficient stock limit or investible funds, the remaining shortfall will be amended to a CASH trade as an Unsettled Buy (Outstanding Buy). If their account does not have sufficient funds to settle the outstanding buy contract, client must close the position or top up their account by the settlement due date +1. Otherwise, the position will be force-sold on due date +2, and any resulting contra loss will be borne by the client and must be settled promptly.

If a client places a sell order using their CPF or SRS account but does not have sufficient holdings to fulfill the delivery, the agent bank may partially or fully revoke the trade based on the client's available holdings. Client may receive an email notification once the trade has been amended.
If a client’s CPF/SRS sell trade is revoked by the agent bank due to insufficient holdings, Tiger will make a best-effort attempt to fulfill the sell obligation using the client’s available holdings in their Tiger sub-account. Any remaining shortfall may be processed as a short-sell under the same sub-account. Clients are reminded not to buy back the stock in their sub-account in an attempt to cover the shortfall, as the purchased shares will not be settled in time to meet the T+2 delivery obligation.
If the client does not have sufficient holdings in their accounts to meet their delivery obligations on the Settlement Day (T+2, the second Market Day after the Trade Day), CDP will proceed with the buying-in process from the buy-in market on Intended Settlement Date (T+2). SGX can levy a penalty of S$1000 or 5% of the trade's value, whichever is greater for failed delivery. Furthermore, a processing fee of S$75 plus GST per failed contract, along with a brokerage fee of 0.75% plus GST of the contract value (for the buy-in contract), will be charged by SGX, on top of the usual fee and commissions. You may refer to SGX website for more information.

Amendment of payment method from CPF/SRS to cash or cash to CPF/SRS is only allowed on the trade date (T date) before 5:30pm and are subject to internal approval.
An exception applies to the amendment of cash sell trades to SRS: amendments from Cash to SRS on Trade Date + 1 (T+1) are subject to approval and late charges imposed by the SRS Agent Bank.

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