What is the settlement currency for clients’ purchases on European Trading?
You can choose to settle your trades in EUR or SGD.
If you wish to settle in EUR, please ensure that your multi-currency facility application has been submitted to PSPL for approval and activation. Failing which, the contract will be settled in SGD which is subject to foreign exchange conversion risk.
To opt in for multi-currency facilities, you can login into POEMS > Acct Mgt > Online Forms under Currency Conversion or contact your Trading Representatives for further assistance. Do note that latest time for opt-in into multi-currency facilities if a trade is already done is by Due Date before 2.00pm (Singapore Time).