![]() The signing authority for your new Wealth Account(s) – and any Wealth Portfolios housed within it – will follow your preferred signing mandate selected for your Wealth Account(s).Įach product account may differ in its signing authority.Īsset classes that are now consolidated in your new Wealth Portfolio The important changes that you should take note of are outlined below.Īrrangement under the OCBC Wealth Account What are the important changes to my existing wealth and investment holdings from 3 February 2022 that I should take note of? However, some investment products will not be held under the Wealth Portfolio, such as your regular investment plan Stabiliser / Arip-i, Islamic Unit Trust and non-cash funded Unit Trust (such as Unit Trust funded by EPF withdrawal). The investment products which will be held in the Wealth Portfolio include bonds, structured investments, negotiable instruments of deposit, cash funded conventional unit trust, etc. Each Wealth Account may consist of one or more Wealth Portfolios.Ī Wealth Portfolio holds your investment products and comes with a Multi Currency Current Account as settlement account for your investment products. A Wealth Account may be maintained and operated either in sole name (single person) or joint names (two or more persons). A Wealth Account is set up for the Customer who fulfils the criteria imposed by the Bank from time to time.
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