Frequently Asked Questions
Securities Borrowing
What are the key advantages of using SBL facilities as opposed to other short selling tools?
How do I open a SBL account with Phillip Securities?
Do I have to sell through Phillip Securities after I have borrowed the securities from Phillip Securities?
How many times can I leverage on my capital through using Phillip Securities' SBL facilities?
How do I perform the short trade?
Can I sell directly to the highest bidder (highest buyer's price) using SBL facilities?
Do I need to put in any collateral after I have sold the securities?
How do I compute the value of collaterals required (initial margin & maintenance margin) for the securities I borrowed?
What are the securities available for borrowing?
What happens if the securities that I have sold have corporate actions such as dividend distributions, bonus issues or rights issues?
What do I need to take note of when I intend to short sell the securities during a corporate action entitlement (dividend / bonus / rights) period but only buy back after the ex-date?
After I have bought back the securities, do I have to return the securities?
What happens if there is a recall of the loaned securities?
How is a margin call computed?
How do I satisfy a margin call?
Is there a maximum period I can borrow the securities?
Is there a minimum period I can borrow the securities?
Can I withdraw the securities borrowed?
Can I withdraw the cash / securities collateral?
What will be the charges incurred for a SBL loan?
Are there any other relevant charges?
Do I get paid for credit cash balances?
How does a SBL transaction work?
Do I need to disclose my Short Selling positions?
