SG CIB Account Type

SG CIB offers a prime brokerage service tailored for hedge funds and institutional clients. The primary account types available are:

• FX Prime Brokerage Account: Designed for high-volume clients with multiple traders or algorithms, providing access to market prices across all traded currency pairs.
• Custodian Account: This account holds securities on behalf of clients, ensuring proper management and safeguarding of assets.
• CDP-Linked Account: For clients trading on the Singapore Exchange (SGX), this account links directly to the Central Depository (CDP), allowing for direct ownership of securities.

SG CIB Broker Account Opening Process

To open a broker account with SG CIB, follow these steps:

• Eligibility Requirements:
• Must be an institutional client or hedge fund.
• Provide necessary documentation to verify the entity's status and financial standing.
• Application Submission:
• Complete the account opening application form.
• Submit required documents, including proof of identity, business registration, and financial statements.
• Review Process:
• SG CIB will conduct a thorough review of the application and documents submitted.
• This may include background checks and verification of the clients trading history.
• Account Activation:
• Upon approval, clients will receive account details and access to the trading platform.
• Initial funding may be required to commence trading activities.
• Ongoing Compliance:
• Clients must adhere to SG CIB's compliance and regulatory requirements, including regular reporting and risk assessments.

This structured process ensures that only qualified entities gain access to SG CIB's brokerage services, maintaining a high standard of operational integrity.