The Society of Remisiers (Singapore)

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2017 Brochure

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Banker's Guarantee

At the present moment broking houses only accept banker's guarantee from their Remisiers as security deposit before allowing them to trade for their clients. With the present low interest environment shouldn't the houses allow other forms of deposits so that their Remisiers can earn a decent returns on their deposits. Security deposits in the forms like bonds, preference shares or even blue chip stocks would definitely earn a better returns for their Remisiers then the current fixed deposits that they have to put into to secure their banker's guarantee. Broking houses should continually look into other ways to allow their Remisiers to earn a better return for their money and not just looking only at ways to improve their business. So when Remisiers are happy so will the house able to improve their business.
1 Comments (click to show)
Tuesday, 28 September 2010 12:16 hengliang
 

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