Share Financing Account (V)

The Solution For Active Traders

  • Up to 80% financing available for 2000 stocks/ ETFs across 11 international markets
  • Global shares collateral accepted
  • No upfront collateral required
  • Contra capability
  • Financing available in up to 5 currencies (SGD, USD, GBP, HKD, CNY)

Margin Finder

Note:

  • Grade S = 80% Financing in Share Financing Account (V)
  • Grade A = 71% Financing, Grade B = 50% Financing
  • Warrants will be non-marginable 6 months to their expiry.

Greater Investment Power

The multiplier table below illustrates how much you can leverage to purchase shares, bond and unit trusts based on different types of collateral

Step 2

Step 1

Collateral Type
(Cash, Shares, ETFs)		 GRADE S
PURCHASE		 GRADE A
PURCHASE		 GRADE B
PURCHASE		 GRADE C
PURCHASE
CASH
(S$10,000)		 S$50,000 S$33,333 S$20,000 S$10,000
GRADE S
(S$10,000)		 S$40,000 S$26,664 S$16,000 S$8,000
GRADE A
(S$10,000)		 S$35,000 S$23,333 S$14,000 S$7,000
GRADE B
(S$10,000)		 S$25,000 S$16,666 S$10,000 S$5,000

Example 1:

Client deposits S$10,000 cash and wishes to purchase Grade S Shares

  1. Go vertically down the table, stop at cash (Step 1)
  2. Go horizontally across the table, stop at Grade S Purchase (Step 2)
  3. Client can purchase up to S$50,000 worth of Grade A with S$10,000 cash deposit

Example 2:

Client deposits S$10,000 cash and S$10,000 Grade S Shares

  1. Go vertically down the table, stop at cash (Step 1) and go horizontally across the table, stop at Grade B Purchase (Step 2)
  2. Go vertically down the table, stop at Grade A (Step 1) and go horizontally across the table, stop at Grade B Purchase (Step 2)
  3. Client can purchases S$36,000 worth of Grade B.

No financing is provided for Grade C shares, you can use your Grade A or Grade B shares as collateral to purchase Grade C shares.

Key Information

Infosheet

Phillip Share Financing (V) Account
Financing Quantum As low as 20% owner’s equity
(80% financing)
Margin Call Period 5 Market Days
Collateral Deposit Buy first and top up by Due + 1
Financing Rates^ SGD: 7% p.a.
USD: 6% p.a.
HKD: 7% p.a.
GBP: 4.5% p.a.
CNH: 8.25% p.a.
Markets Available SG, US, CN, GER, HK, MY, CAN, JP, UK, AU, TH
Multi-Currency Facility

(All contracts will be settled
in traded currency unless
client stated otherwise, no
auto conversion)

 SGD, USD, HKD, CNY & GBP
Credit Interest

(For Credit Balance > 50K)

 SGD : 0.10% p.a.
USD : 0.15% p.a.
HKD : 0.10% p.a.
Securities Lending(SBL)
Custodise your shares and earn up to 4% p.a.		 Yes

^Rates are subject to change from time to time without prior notice