Introduction of cash accounts:
At BSC, cash account is divided into cash account at the company and cash account at the bank:
ü Cash at the company: account which is opened after the Customer opens a securities trading account at BSC.
ü Cash at the bank: when the Customers wishes to open a securities trading account at BSC and a cash account at the bank (@Security account) and connect such accounts to the securities trading account at BSC.
How to manage cash account:
Two types of cash accounts are connected together via the "Automatically transfer money" which is "Yes" or "No" when the Customer opens a securities trading account:
ü If the Customer chooses “Automatically transfer money”: Money will be automatically transfer from BSC’s account to the bank account after deducting all overdue and due debts.
ü If the Customer chooses “Do not automatically transfer money”: Money will be remained at BSC’s account until the Customer requests to transfer the money to the bank account through BSC’s money transfer channels.