To customers who did not pass their Customer Knowledge Assessment (CKA) previously, fret not! On 2 March 2015, The Association of Banks in Singapore (ABS) and Securities Association of Singapore (SAS) launched an online e-Learning portal on unlisted Specified Investment Products (SIPs), such as Contracts for Difference (CFDs), making it easier for investors to learn more about CFDs and eventually trade.

All interested retail customers are mandated by the Monetary Authority of Singapore (MAS) to go through the CKA to ensure that customers have the relevant knowledge and experience^ to understand the risks and features of transacting in CFDs. Customers who fail in their CKA are not allowed to trade.

Now with this new e-Learning portal, it gives interested customers another chance to learn about the key features and risks of trading CFDs, allowing you to better understand the product before investing in them. Investors can easily access the e-Learning portal at http://sips.abs.org.sg and enhance their knowledge at their own time and pace. The e-Learning portal is available to all retail investors at no charge. Upon completion of the module and end assessment, a certificate will be generated, making you eligible to trade with CFDs!

So start your e-Learning today!



^You are considered as not possessing the relevant knowledge or experience to transact and/or invest in CFDs if you did not fulfil the following criteria:
• Did a minimum of 6 CFD/FOREXs trades in the past 3 years
• Hold a diploma or higher educational qualification* or have a professional finance-related qualification*
• Have a minimum of 3 consecutive years* of working experience in the past 10 years in a financial related company


*Refer here for the required qualification and working experience.

 

For enquiries, please call or visit us at our branch.

CIMB Securities Call Centre
1800 538 9889
+65 6538 9889 (overseas)
8.00am - 8.00pm (Monday to Friday)
Closed on weekends and public holidays


CIMB Securities Investment Centre
50 Raffles Place #01-01
Singapore Land Tower
Singapore 048623
8.30am - 6.00pm (Monday to Friday)
Closed on weekends and public holidays

 

 

CIMB Securities (Singapore) Pte Ltd (198701621D)