Auto-Sweep is a discretionary portfolio managed by FSMOne. This portfolio aims to produce a return higher than FSMOne Multi-Currency Cash account while maintaining a high degree of liquidity and capital preservation. The discretionary portfolio is diversified across cash, money market funds and short duration bond funds.

Due to the nature of the investments, the investments will be held under Maybank's custody. Therefore, we will need to register an account for you with Maybank Custody.

In the event the account registration is not successful for any reason, we will notify you to withdraw the investment with a provided timeline. Any losses incurred from the withdrawal will be borne by the investor.

• Low starting point from just USD 10, SGD 10 or MYR 100.
• No historical negative return for the underlying assets.
• Use it as a payment method to invest in Funds, Bonds, Stocks, ETFs, and Managed Portfolios without any delays.
• No lock-in period.
• Enjoy potentially higher yield.
• Same day withdrawal before 10 am on a business day.

We currently offer Auto Sweep in USD and SGD currencies.

Regardless of the currency, the available balance in the Auto-Sweep will reflect immediately.

No, FSMOne Auto-Sweep is not protected by PIDM. However, we ensure the safety of your investments by carefully allocating them to very low-risk assets. Your assets are securely held with Maybank Custodian, fully separated from FSMOne’s own assets, ensuring we cannot access or use them without authorization.

• NO sales charge incurred upon buying or selling your holdings in Auto-Sweep Account.
• NOT subjected to FSMOne platform fee.
• Subjected to management fee of 0.05% per quarter.

The management fee will calculated by daily basis on the average AUM of portfolio and deducted on a quarterly basis from your Auto-Sweep account.

The latest net yield shown for respective currency Auto-Sweep reflects the management fee deducted quarterly.

For more information of the respective currency Auto-Sweep product summary, please click HERE.

No. Auto-Sweep does not pay out interest.

The increase in your account balance is determined by the increase in the Net Asset Value (NAV) of the underlying constituents inside the Auto-Sweep.

Click HERE to find out the respective currency Auto-Sweep net yield.

Notes: Net yield of Auto-Sweep is calculated based on the latest weighted average yield of underlying portfolio constituents, after deducting all fund-related expenses and FSMOne Management Fee. Please note that net yield is not necessarily an accurate indication of future returns.

You can Opt-In/Out Auto-Sweep by following the steps below:

1. Web & Mobile Web

Go to Cash Solutions/Account Update >> Opt-In/Out Auto-Sweep

2. Mobile App

Go to Menu/Trade/Holdings >> Cash Solutions >> Opt-In/Out Auto-Sweep

Yes, you can selectively Opt-In/Out Auto-Sweep for your FSMOne investment accounts.

Upon opting in to Auto Sweep, your USD / SGD net proceeds of cash dividends, coupon payments, bond maturities and ETFs RSP refund (USD currency only) will automatically be swept from your USD / SGD Cash Accounts to the respective currency Auto Sweep on the next business day.

No. You are not able to customize the settings of Auto-Sweep.

After opting out of Auto-Sweep, Cash dividends, bond coupons, bond maturity proceeds and ETFs RSP refund (USD currency only) will no longer be automatically swept to the respective currency Auto Sweep.

You can manually withdraw the remaining balance to your respective currency Cash Account or use it to pay for investments on FSMOne.

The updates will take effect immediately.

You can instantly top up your USD and SGD Auto-Sweep with respective currency Cash Account or MYR Cash Account.

To Top Up, please navigate to Cash Solutions >> Top Up >> Top Up to “USD / SGD Auto-Sweep” >> Payment Method >> USD / SGD Cash Account or MYR Cash Account.

Minimum deposit of USD 10, SGD 10 or MYR 100 is required.

You can withdraw your available balances from USD / SGD Auto-Sweep to your respective Cash Account only.

To Withdraw, please navigate to Cash Solutions >> Withdrawal >> Withdraw from “USD / SGD Auto-Sweep” >> Proceed.

The withdrawal cut-off time for Auto-Sweep is 10 am on any business day. Any withdrawal placed after 10 am cut-off will be processed on the next business day.

You will receive the withdrawal amount in respective currency Cash Account on the same day for the withdrawal placed before cut off time 10am on the business day. The withdrawal placed after cut off time 10am or non-business day* will be reflected on next business day.

Remarks:
*The non-business day will be including weekend, public holiday in Malaysia, Singapore and U.S.

No, you can only withdraw your balances from Auto-Sweep to the same currency Cash Account.

For example, you can only withdraw USD Auto-Sweep balance to USD Cash Account.

If you need to convert any balances in your foreign currency Cash Account to another currency, you can perform an FX Conversion to your preferred currency. Please navigate to Cash Solutions >> FX Conversion to convert instantly. The same process apply to SGD Auto Sweep.

The 1% will set aside to cater a buffer for NAV fluctuation and foreign currency exchange rate fluctuation (if applicable), thus you can only use up to 99% of your available balance in Auto-Sweep to pay for investments.

Your buy/sell orders will be processed on the same business day if placed before the respective product’s cut-off time, except for Good Value funds.

For Good Value funds, orders placed using Auto-Sweep will follow the fund’s individual cut-off time, or no later than the Auto-Sweep cut-off time at 10am, whichever is earlier.

Products cut off time:

• Unit Trusts - 3pm
•  Managed Portfolios – 2pm
•  Bonds – 5pm
•  Stocks/ETFs – Follow the trading hours of the respective exchanges.

Yes, you can select respective currency Auto-Sweep as your redemption method when redeeming the investments in the same currency.

(a) For cash dividends, bond coupon and maturity proceeds:
We will sweep your proceeds ONE business day after they are credited to your USD / SGD Cash Account. The sweeping from USD / SGD Cash Account to USD / SGD Auto-Sweep will increase the available balance in USD / SGD Auto-Sweep immediately.

(b) For sell/redemption proceeds deposited into Auto-Sweep:
The proceeds will reflect in USD / SGD Auto-Sweep on the respective redemption settlement date for Unit Trusts, Bonds, Stocks, and ETFs.

You can view the Total P/L of your Auto-Sweep, go to Cash Solutions >> Auto-Sweep >> View P/L.

To view your historical transactions, go to Transaction Record >> Historical Transaction >> Filter Product Type by “Auto-Sweep”.

The transferred amount will continue to earn yield based on the Cash Account interest rate. You will start earning the Auto-Sweep yield from the next business day on-wards.

The Auto-Sweep yield is derived from the increase in the Net Asset Value (NAV) of the underlying constituents inside the Auto-Sweep.

(a) Auto-Sweep’s Available Balance

The Available Balance is the amount ready to be used as a payment method for supported products offered on FSMOne. If not used for payments, it continues to earn Auto-Sweep yield.

Formula for Auto-Sweep’s Available Balance:

Available Balance = Existing Balance + Incoming Deposits – Withdrawals – Monies earmarked for product investments

*You can only use up to 99% of the Total Available Balance to purchase for Funds, Stocks/ETFs, Bond Express, OTC Bonds, and Managed Portfolios.

(b) Auto-Sweep’s Purchasing Power

Auto-Sweep’s Purchasing Power

Your Purchasing Power consists of two components:

1. Available Balance (AB): This can be used to purchase on all supported stock exchanges, except for China A-shares.
2. Unsettled Trades: Unsettled proceeds from selling Stocks/ETFs are limited to purchasing Stocks/ETFs in the same currency (USD/SGD) as your Auto-Sweep. These proceeds can only be used for other investments once the order settlement is complete.

Formula for Auto-Sweep’s Purchasing Power:

Purchasing Power = (99% x Available Balance) + Unsettled Trades from Auto-Sweep-denominated Stock/ETF Sales

Important Notes:

• Purchasing Power is only applicable for trading stocks and ETFs.
• The Unsettled Trades portion of Purchasing Power is restricted to trades in the corresponding Auto-Sweep currency.
• For example, proceeds from selling USD-denominated stocks/ETFs can only be used to trade other USD-denominated stocks/ETFs. The same applies to SGD currency.