Notice: Negative Interest on YEN

Dear Valued Customers,

Following Phillip Securities Pte Ltd’s review of the prevailing interest rate environment, we would like to inform that the negative interest on credit balances of 0.3% p.a.in Japanese Yen will apply with effect from 17 April 2020 on all ledger account types.

Please be informed that rates are subjected to change without prior notice.

Thank you.

The announcements on “Negative Interest in YEN” dated 2 April 2020 and 14 April 2020 are consolidated to one announcement as reflected above.