Deposit and Withdrawal

 

Table of content

  • Deposit Procedure
  • Withdrawal Procedure
  • Withdrawal Charges
  • Cut Off Time Information
  • Bank Standard Settlement Instruction

 

Deposit Procedure

After you have deposited the funds, kindly log into our Client Portal to submit the Funds Deposit form (Funds Transfer > Deposit). This enables us to trace your remittance and you will be notified once the funds are sighted.

*Please note that all bank fees incurred in the remittance of funds to OFIS shall be borne by the customer. Due to bank remittance fees charged by the banks, the quantum of funds received by OFIS for deposit into your account may be lower than the transferred quantum of funds.

Deposits by cheque should be made payable to the beneficiary name indicated in the Banking SSI at the bottom of the page. Please adhere to the following guidelines for deposit by cheque:

  • Please indicate your trading account number, name of account holder and contact number on the back of the cheque.
  • SGD cheques and USD cheques must be drawn from a bank in Singapore with Local (Singapore) clearing.
  • Please provide a copy of the front and back of the cheque before depositing.
  • Please deposit the cheque without the deposit/credit slip.
  • Please do not deposit post-dated cheque.

 

Withdrawal Procedure

Submit a Funds Withdrawal form via our Client Portal (Funds Transfer > Withdrawal). Your funds will be transferred into the bank account maintained with us once we received your request and you will be notified accordingly.

*Please note that all bank fees incurred from the remittance of funds by OFIS shall be ultimately borne by the customer. OFIS will transfer the specified quantum set out in your Funds Withdrawal form to your account and charge all bank remittance fees in a separate transaction.

 

Withdrawal Charges

Withdrawal
Currency Fees
SGD SGD10 per withdrawal
All currencies except SGD USD40 per withdrawal

Note:
1. Fees indicated in the table above do not include any customisation, integration costs, or additional handling fees imposed by the Bank. Incidental charges (e.g. cable charges, postage, agent fees etc) are also not included in the table above. Additional fees imposed by the Bank on OFIS for each withdrawal shall be passed on to the Client accordingly.

2. All stop payment / cancellation instructions are not guaranteed unless confirmation from OFIS has been provided. OFIS shall process such instructions to the best of its ability.

3. OFIS reserves the right to review and revise the above-mentioned fee, from time to time.

4. OFIS does not support withdrawal requests, where such requests are to be provided via cheques made in favour of the client, or any other party.

 

Cut Off Time Information*

Withdrawal
Currency Time
JPY, AUD 16:00 SGT (value tomorrow)
CNH (CNY Offshore) & HKD 13:30 SGT (value same day)
EUR, SGD, USD, GBP 16:00 SGT (value same day)

*All requests for withdrawals are subject to the terms and conditions of OFIS’ Client Agreement. Requests made after the above cut-off times or on a day designated as a public holiday shall be effected on the next working day. Requests made on Fridays (after cut-off times), Saturdays, or Sundays, shall be effected on the following Monday, or the next working day where Monday is a public holiday.

 

Bank Standard Settlement Instruction

 

1.      Retail Clients (i.e. Non-Accredited Investor, Non-Expert Investor or Non-Institutional Investor Clients) who trade in FX only

USD
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 2
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002866-01-1
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   JP Morgan Chase Bank, N.A.
  Intermediary Bank Swift Code    CHASUS33
AUD
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. –  Seg 2
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002857-01-0
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   Commonwealth Bank of Australia, Sydney
  Intermediary Bank Swift Code    CTBAAU2S
CAD
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 2
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002858-01-1
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   Royal Bank of Canada, Toronto
  Intermediary Bank Swift Code    ROYCCAT2
CHF
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 2
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002859-01-3
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   UBS AG, Zurich
  Intermediary Bank Swift Code    UBSWCHZH80A
CNH (CNY Offshore)
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 2
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002860-01-0
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   DBS Bank (China) Limited, Shanghai
  Intermediary Bank Swift Code    DBSSCNSHXXX
EUR
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 2
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002861-01-2
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   Barclays Bank Ireland Frankfurt
  Intermediary Bank Swift Code    BARCDEFF
GBP
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 2
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002862-01-4
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   Royal Bank of Scotland, London
  Intermediary Bank Swift Code    RBOSG2L
HKD
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 2
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002863-01-6
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   DBS Bank (HK) Ltd
  Intermediary Bank Swift Code    DHBKHKHH
JPY
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 2
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002864-01-8
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   The Sumitomo Mitsui Banking Corporation, Tokyo
  Intermediary Bank Swift Code    SMBCJPJT
NZD
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 2
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002865-01-0
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   ASB Bank Ltd., Auckland
  Intermediary Bank Swift Code    ASBBNZ2A
SGD
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 2
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   072-027929-8
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG

 

2.     All clients except for point 1

USD
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 1
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-001868-01-7
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   JP Morgan Chase Bank, N.A.
  Intermediary Bank Swift Code    CHASUS33
AUD
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 1
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002851-01-9
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   Commonwealth Bank of Australia, Sydney
  Intermediary Bank Swift Code    CTBAAU2S
CAD
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 1
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002852-01-0
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   Royal Bank of Canada, Toronto
  Intermediary Bank Swift Code    ROYCCAT2
CHF
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 1
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002853-01-2
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   UBS AG, Zurich
  Intermediary Bank Swift Code    UBSWCHZH80A
CNH (CNY Offshore)
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 1
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-001865-01-1
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   DBS Bank (China) Limited, Shanghai
  Intermediary Bank Swift Code    DBSSCNSHXXX
EUR
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 1
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-001866-01-3
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   Barclays Bank Ireland Frankfurt
  Intermediary Bank Swift Code    BARCDEFF
GBP
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 1
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002854-01-4
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   Royal Bank of Scotland, London
  Intermediary Bank Swift Code    RBOSG2L
HKD
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 1
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002855-01-6
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   DBS Bank (HK) Ltd
  Intermediary Bank Swift Code    DHBKHKHH
JPY
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 1
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-001867-01-5
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   The Sumitomo Mitsui Banking Corporation, Tokyo
  Intermediary Bank Swift Code    SMBCJPJT
NZD
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 1
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   0072-002856-01-8
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG
  Intermediary Bank   ASB Bank Ltd., Auckland
  Intermediary Bank Swift Code    ASBBNZ2A
SGD
  Beneficiary Name   Orient Futures International (Singapore) Pte. Ltd. – Seg 1
  Beneficiary Bank   DBS Bank
  Beneficiary Account No.   072-015062-7
  Beneficiary Bank Address   12 Marina Boulevard, DBS Asia Central MBFC Tower 3, Singapore 018982
  Beneficiary Bank Swift Code   DBSSSGSG

Download: Bank Standard Settlement Instruction for Client

 

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Awards and Recognition

Platinum award of outstanding member conferred by CFFEX (The China Financial Futures Exchange).

China Futures Company Gold Management Team in 2017-2019 (10th and 11th Contest for The Best Futures Institutions & Analysts in China)

Gold Service Award in 2018 (15th and 16th Financial Billboard)

Gold Futures Company in 2018 & 2019 (Securities Times)

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