02-03-2016, 02:15 PM
(02-03-2016, 11:39 AM)JBibi Wrote: What if a person buy shares without knowing he has exceeded his CPF OA limits by some small amounts? What will happen? Fined by SGX or the trade wont go through or simply top up CPF OA with cash?Your order will be fulfilled as usual,
If your cpfis OA bank are not able to withdraw the said amount
Your broker will then contact you to top up with cash the shortfall
point to note is the balance share that you need to make up the shortfall at this instance will be holding in your CDP account instead.
Usually your broker will ask if you wanna transfer back to CPF holding or hold as share in your CDP