Frequently Asked Questions

Systematic Investment Plan

Customers (both individuals and corporations) with existing UITF account may enroll their existing UITF type in SIP.

New customers will go through the usual UITF account opening process before enrolling in SIP. Once the UITF account is opened (i.e. an initial subscription was made), customers may immediately enroll in SIP.

Yes.

Yes.

Your SIP subscription will not be processed. Only cleared funds in the China Bank Deposit Account can be debited.

Note: For USD notes, there are 7 banking days before clearing.

No. You may proceed with the subscription by signing a Trust Instruction Sheet (UITF). 

 Your SIP will automatically be cancelled when:
- Monthly frequency: 3 consecutive months failed subscriptions
- Quarterly frequency: 2 consecutive quarters failed subscriptions 

You must designate an alternate Debit Account within 7 banking days, else the SIP will be cancelled.

Your SIP subscription will be processed on the next banking day. 

 Yes. A subscription advice will be sent to your registered email address on the next banking day. 

Yes. Just visit your branch of account and accomplish the SIP amendment form for the changes.

You may amend the following:

  1. Subscription Amount (to increase or decrease amount)
  2. Frequency (monthly or quarterly)
  3. SIP End Dates (to extend to a particular date/select perpetual or shorten enrollment)
  4. SIP Day (any calendar number between 1 to 28)
  5. Debit Account (alternate China Bank Deposit Account for auto-debit)
  6. Email address (email account to receive Subscription Advice)

The cut-off is at least one banking day prior to the SIP Day (before 12nn). Otherwise, the changes will take effect on the subsequent SIP Day. 

Full redemption will result to cancellation of the enrolled SIP.

Yes.

Yes, a Secretary’s Certificate or Board/Partnership Resolution is required to be submitted indicating the following authorities:

  • Enroll in and avail of the SIP facility
  • Designate the Corporate/Partnership as the Authorized representative
  • Designate/Nominate a China Bank deposit account as the Debit Account.