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24-04-2024, 12:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
In recent years, we have online investment platforms, finance startups, robo-advisors, startups, foreign brokerages that offer short-term deposit schemes that pay higher than our bank/finance companies deposit rates. Let's say I placed my deposits with enHUATawaYE+ (eHY+).
Eg. Our bank offer 3.2%pa for your fixed deposits, and eHY+ offer 4.2%pa for your deposits with shorter lock-in period or tenors.
These institutions operate like shadow banks in our financial market, I had tried...
Read more (https://www.sammyboy.com/threads/shadow-banking-in-singapore.363043/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/shadow-banking-in-singapore.363043/).
In recent years, we have online investment platforms, finance startups, robo-advisors, startups, foreign brokerages that offer short-term deposit schemes that pay higher than our bank/finance companies deposit rates. Let's say I placed my deposits with enHUATawaYE+ (eHY+).
Eg. Our bank offer 3.2%pa for your fixed deposits, and eHY+ offer 4.2%pa for your deposits with shorter lock-in period or tenors.
These institutions operate like shadow banks in our financial market, I had tried...
Read more (https://www.sammyboy.com/threads/shadow-banking-in-singapore.363043/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/shadow-banking-in-singapore.363043/).