Enjoy brokerage rebate up to $50* from 14th October 2019 to 31st December 2019!

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DLCs at a glance

Leverage

Fixed leverage of up to 7 times both long and short.

Pricing Structure

No margins. No implied volatility impact1. No time decay impact2.

Transparency

Transparent pricing due to tradability of the products on exchange.

Long or short

DLCs offer the flexibility to trade both rising and falling markets.

Risk Management

Low capital outlay and loss limited to invested amount.

Airbag

Slows the investor’s rate of loss in extreme market conditions when triggered.

Read more about DLCs

Terms & Conditions:

  1. Promotion is limited to the customers who have not traded Daily Leverage Certificates (“DLCs”) from 15th October 2018 to 13th October 2019.
  2. Promotion is open to customers who execute DLC trades through the following accounts (the “Eligible Accounts”): Phillip Investment Account – Margin (M), Phillip Investment Account – Custodian (C), Phillip Investment Account – Prepaid (CC), Phillip Cash Management (KC) Account, and Share Financing (V) Account, during the promotional period from 14th October 2019 to 31st December 2019 (the “Promotion Period”).
  3. The rebate is subject to a cap of S$50 per customer regardless of the number of Eligible Accounts through which the customer places DLC trades during the Promotion Period.
  4. The rebate is not inclusive of the SGX clearing Fee, the SGX access fee, and the GST.
  5. The rebate will be credited to Eligible Accounts.
  6. Eligible Accounts will receive the rebate by 31st March 2020.
  7. The following persons are not eligible for this promotion, unless approved by the management of Phillip Securities Pte Ltd (“PSPL”):
    1. PSPL institutional Customers and corporate Customers
    2. PSPL account holders whose accounts have been suspended, cancelled or terminated
    3. PSPL and its associated entities and subsidiaries (direct or indirect), e.g. Staff, Trading Representatives and Financial Advisors
  8. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
  9. PSPL reserves the right at any time in its absolute discretion to (i) amend, add to, and/or delete at any time of these Terms & Conditions without prior notice (including eligibility and qualifying terms and criteria), and all participants shall be bound by such amendments, additions and/or deletions when effected, or to (ii) vary, withdraw, and/or cancel any items or the promotion itself without having to disclose a reason, and without any compensation or payment whatsoever. PSPL’s decision on all matters relating to the promotion are final and binding on all participants.
  10. By taking part in this promotion, the participant acknowledges that he/she has read and consented to these Terms & Conditions.

1. Implied volatility is the market’s expectation of the fluctuation in the price of the underlying asset over the remaining lifespan of the product. The higher the implied volatility, the wider the expected price fluctuation of the underlying asset. This in turn means there is a higher probability or loss for the option or warrant to trade deeper in-the-money and the investor making a higher profit. Options or warrants with a high implied volatility will therefore be priced higher.
2. Time decay is the change in an option’s or a warrant’s price as it gets closer to the option’s or the warrant’s expiry date. The option or warrant value (chance of getting “in-the-money”) declines over time (i.e. as it gets nearer to the expiry date).

Investments are subject to investment risks. The risk of loss in leveraged trading can be substantial. You may sustain losses in excess of your initial funds and may be called upon to deposit additional margin funds at short notice. If the required funds are not provided within the prescribed time, your positions may be liquidated. The resulting deficits in your account are subject to penalty charges. The value of investments denominated in foreign currencies may diminish or increase due to changes in the rates of exchange. You should also be aware of the commissions and finance costs involved in trading leveraged products. This product may not be suitable for clients whose investment objective is preservation of capital and/or whose risk tolerance is low. Clients are advised to understand the nature and risks involved in margin trading.

This advertisement has not been reviewed by the Monetary Authority of Singapore (MAS).