Trust Bank Singapore, New Digital Bank Freebies!

Image
Have you applied for your Savings Account or Credit Card with Trust Bank Singapore, Singapore's digital bank backed by a unique partnership between Standard Chartered Bank, and FairPrice Group? REFERRAL CODE: BZACYE0F ( it is a number zero, not letter ) Get $35 worth of free Fairprice vouchers and other freebies by just Downloading the Trust App and Open a Savings Account online with the App, simple/easy within 10mins!: Get free $10 Fairprice E-voucher (no minimum spend at stores/online) by entering this code ( BZACYE0F ) when apply for the Savings Account. Get free 1kg Fairprice Rice voucher Get free Kopitiam Breakfast Toast Set voucher Charge one transaction to your debit card to get free Fairprice $25 voucher (no minimum spend, at stores/online). Hack: Do a funds transfer of $1 or $10 from your own bank to Trustbank savings account. Then Just add your debit card number to Grab App, authenticate with $1 charge/refunded to your saving

Trading Extended Settlement (ES) Contracts

Extended Settlement (ES) Contracts, a new product, will be launched by SGX tomorrow, February 20 2009.

Hmm... I am planning to make money trading ES contracts (short) when Mr Bear is out of hibernation!

Trading ES contracts (short selling) is better than short selling using CFD or trading warrants (just my opinion hor):
  1. Cheaper – no finance charges
  2. Dun need to worry about price decay as in warrants
  3. Ease of trading – same platform as trading shares, I like it!

The only concern I have is liquidity.

Well, I shall start monitoring the trading activities of these ES contracts for about a month. Maybe do some paper trading. Then see how lor. Luckily, I dun think Mr Bear is out yet!

The other thing I like is there are only 28 securities, all STI component stocks, except for 3. Aha, STI ETF is one of these 3. I like it.

Phillip Securities had just published a comprehensive FAQ on ES Contracts.

Let's make money!

Comments

Popular posts from this blog

CPF@55 Policy Designed to Make the Rich Richer!

W.D. Gann's Secrets Unveiled Part 6

NTUC Fairprice Shares pays 5% dividend!