Good news for all current and starting investors! You may now top-up on your UITF investments without having to go to your branch of account.
The SB Unit Investment Trust Fund – Regular Subscription Plan (RSP) allows individual investors to plan ahead in topping up their UITF investment without calling their branch of account.
With the RSP clients can:
The RSP works in 3 easy steps.
Compared to the previous process wherein clients would have to visit their branch and prepare/accomplish an MTAF form each time a top-up was made, the RSP makes the entire process more convenient by eliminating the need for the clients to go to their branch and accomplish an MTAF form every time a top-up is made.
The RSP’s Auto-debit facility can regularly set aside funds for immediate investment
Spread your cost between the highs and lows of the market
All you’ll need is a one-time submission of the RSP enrollment form (valid up to 3 years)! This will be readily available in all SBC Branches nationwide
Via the Branches – you may visit any SBC branch to request the RSP enrollment form and by signing the RSP LOI Form.
All our SB Peso and Dollar Funds are available for RSP.
No. Your scheduled contribution will only be debited to your UITF’s designated settlement account unless you submit a new LOI amending your nominated settlement account for UITF.
Yes. Just sign the LOI form for RSP together with the Account opening kit.
No contribution to happen. Next contribution date will proceed as scheduled. No penalty to be imposed.
Yes. Confirmation of Participation (COP) will be issued via email every successful top-up/subscription (same process with manual top-ups).
The next contribution date will proceed as scheduled. In the event that CASA is unfunded for 5 consecutive dates, RSP is deemed canceled.
The debit should be on the next banking day. For example RSP Date: May 30 – Holiday; debit will be on June 1.
Yes. Requests for amendments or termination of enrollment in the RSP enrollment may be coursed through your Branch of account and signed RSP LOI indicating amendment or cancellation shall be submitted.
RSP terms is at a maximum of 36 months unless otherwise indicated by the client in the LOI.