FSM Cash Solutions offers you better and more efficient ways to manage cash without stress. With FSM Cash Solutions, we offer TWO different types of cash management solution:
- FSM Multi-Currency Cash Account
- FSM Auto-Sweep Account (SGD, USD and CNH)

By using facilities under FSM Cash Solution, you can park your cash in either Cash Account or Auto-Sweep Account while waiting for an investment opportunity. Other than that, there are some other perks you get to enjoy:

Optimized for better return: Auto-Sweep Account gives investor option to park their money in higher yield-bearing instruments. After opting into the Auto-Sweep Account, you can easily park your excess money to earn a potentially higher return.

Pay for investment with no lag time: You can use either Cash Account or Auto-Sweep Account to pay for investment products on our platform without any lag time.

Park dividends and proceeds to earn: You can also park your proceeds into Cash Account to earn a stable interest rate. To earn a potentially higher return, you can also opt into the Auto-Sweep Account to get your proceeds, dividends/coupons automatically swept.

The Cash Account is a multi-currency online cash management service (12 currencies available), with funds held in trust with licensed banks. Interest is paid quarterly based on prevailing rates. To use it for investments, you must ensure the required currency is available in your account. Foreign currency exchange must be done before placing your order.

The Auto-Sweep Account is a combination of cash and money market funds offered by FSM that invests idle balances into a diversified mix of cash and money market funds. It offers potentially higher returns with daily liquidity and is currently available in 3 currencies. Unlike the Cash Account, foreign exchange is handled after the order, so you can use any Auto-Sweep Account to settle trades in different currencies without any conversion in advance.

For a detailed comparison, please refer to the here.

For FSM Multi-Currency Cash Account, the money is deposited in one of the approved banks in Singapore for safekeeping.

For FSM Auto-Sweep Account, it is a discretionary portfolio managed by FSM. This portfolio aims to produce return higher than Cash Account while maintaining a high degree of liquidity and capital preservation. The discretionary portfolio is diversified across cash, money market funds, and short duration bond funds.