Banking Details

When opening a trading account with MF Global Singapore Pte Limited, cleared funds must be in your account prior to trading. Funds may take up to two days to clear. Acceptable forms of payment include direct deposit, personal cheque, or telegraphic transfer. As required by the Securities and Futures Act, we will hold the money you deposit with us for your positions in a segregated account with a regulated Singapore bank.

MF Global Singapore, on request from the customer, can make payments to your nominated account (banking details given to us in the client agreement). The maximum amount payable to you will be the cash balance on your account, less any losses on open positions including deposit requirements on open positions. In other words your free equity.

You can instruct MF Global Singapore to pay money to you by cheque, which will normally be prepared and posted by the next day. Alternatively, MF Global Singapore can arrange for payments to be made to you by telegraphic transfer, which will normally be processed overnight.

Important Note: *When making a deposit or payment by cheque, most cheques take a minimum of two working days to clear and be credited to your MF Global Singapore Pte Limited trading account.