You may select either to make full payment or partial payment upon subscription by using your Cash account.
Full Payment :
Pay the total payable amount upfront and get priority queuing and a higher chance of successful allotment
Any excess fund ( from buffer or non-allotted amount ) will be automatically refunded back to your respective cash account on refund date.
Your upfront payment continues to earn interest at prevailing cash account rates until the allotment date.
Partial payment :
An upfront deposit will be earmarked upon subscription. The deposit amount may vary depending on the respective Bond IPO. The remaining balance is only payable upon successful allotment.
Failure to pay the balance in full will resulted in the forfeiture of your 1% deposit and the cancellation of your entire allotment
Any excess funds ( from non-allotted amounts ) will be automatically refunded back to your respective currency cash account on refund date.
Earmarked deposits continue to earn interest at prevailing cash account rates until the payment due date.