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Trade contracts must be settled in one of the approved financing currencies, i.e. SGD, USD, HKD, AUD, JPY, EUR or GBP. Any deviation in settlement currency, trade contracts shall be auto-settled in SGD on trade due date, unless otherwise specified.
Debit balances and interest charges shall be accrued according to your settlement instruction. This is not withstanding the fact that you may have sufficient credit balances in one currency to offset debit balances in another currency. You would need to instruct your Trading Representative to do a currency conversion from the currency in credit to offset the debit balances in another currency.
