QUOTE(howszat @ Apr 19 2013, 09:46 PM)
Yes, I can park my cash at CMF, but that doesn't mean I use cash or cheque to pay them - I will still be using IBG. So, that's irrelevant.
There could be a delay sometimes, but that should normally be within the 2 or 3 business days. Any more than that, and more often than you would like, I suggest your company change banks.
But, more relevant in an FSM thread, they previously sent a reminder when they did not receive payment. That should normally be automatic, which may or may not be how they operate. My post was more to see whether others have experienced something similar, ie 5 days still pending and no reminders?
they also bit mess up my opening account verification.
i think the management is a bit blur, maybe since not only 1 person handling 1 case,
so end up i need to re explain few times to different people.
but dont worry, all will be ok, u just explain to them. they will settle it.
actually CMF is great tool,
but the back side is that you still cant get the price of today,
because it is unknown yet,
the one in NAV history only the price of 1-3 days before.
so when i place order, i still guessing how much the NAV i get.
so i feel is same like transferring directly from M2U.
but CMF daily interest rate of 2.9%p.a is not bad.