Under regulatory requirements by MAS, we are required to provide you with the necessary steps to claim your investments. The following scenarios may happen,
- We’ll sell away your investments and transfer the money back to your bank account
- Transfer the ETFs which you owned to your trading account (if you have one)
- Provide you with the steps required to set up a Saxo Capital trading account
- Provide the options for all of the above
In any case, your money is always safe. Your funds are kept in a segregated account held by DBS, while your investments are safety held under the custodian of Saxo Capital – HSBC.
Custodian refers to the financial institution responsible for safeguarding investments to minimize the risk of theft or loss.