From 7 April to 30 June 2025
By executing any 1 BUY trade of Macquarie Warrants online
What is a Structured Warrant?
A Structured Warrant (SW) is an exchange-traded derivative that gives the holder the right but not the obligation to buy or sell the specific underlying asset at an agreed price (exercise price) on the expiry date.
A call warrant gives investors the right, not the obligation to buy the underlying asset. Typically, the price of a call warrant increases as the underlying asset price goes up.
A put warrant gives investors the right, not the obligation to sell an underlying asset. Typically, the price of a put warrant increases as the underlying asset price goes down.
Structured warrants are available over a range of assets, including shares and share indices.
Don't have an Account yet?
Alternatively, visit any of our Phillip Investor Centres or contact your trading representatives.
Why Trade Warrants?
Leverage
Leverage up to 3 times the daily performance of an underlying index
Flexible Investment Strategies
Flexibility to trade both rising and falling markets
Limited Downside Risk
Warrants have a longer lifespan and do not expire worthless
Liquidity
Many warrants are actively traded on organised exchanges
Diversification
Investors can gain exposure to different sectors, industries, or regions without directly owning the underlying securities
For more information on Warrants, please refer here.
Frequently Asked Questions
To qualify, a POEMS account holder must:
I) Execute at least ONE “BUY” trade of a minimum gross value of S$3,000 on Macquarie Warrants online between 7 April 2025 and 30 June 2025;
II) Hold the Warrant for a minimum of one night; and
III) Have not executed any Macquarie Warrants trade from 2 January 2025 to 6 April 2025.
You can identify the Issuer by the name of the Warrant. Let’s use the Alibaba Call Warrant for example: Alibaba MB eCW251003 175 (SHKW)
SHKW | Counter Code |
Alibaba | Underlying asset |
MB | Issuer (MB = Macquarie Bank) |
251003 | Expiry Date (YYMMDD) |
No. Each Customer is only eligible to claim the Cash Credit once despite having multiple Accounts. Please see the following example.
Client A has Accounts 1234567 & 2345678 with POEMS and both Accounts have not traded Macquarie Warrants with PSPL since 2 Jan 2025. Client A executed 1 “BUY” trade of Macquarie Warrants on Account 1234567 on 10 April 2025 and executed another 1 “BUY” trade of Macquarie Warrants on Account 2345678 on 2 May 2025. Assuming that both Accounts are meeting other conditions, Customer A will qualify for Cash Credit based on the Account that first traded the Macquarie Warrants. In this case, Customer A will receive S$68 into his POEMS Account 1234567.
Yes, the minimum gross contract value per transaction is S$3000. For example, Customer A buys 1 warrant contract of S$3500 during the promotion period, he/she would be eligible for the Cash Credit. Customer B buys 1 warrant contract of S$2500 during the promotion period, he/she would NOT be eligible for the cash credit.
1. Log in to POEMS:
Log in to your POEMS account via the POEMS Mobile 3 app and navigate to:
Me > Rewards > Macquarie HK Warrant S$30 Coupon.
2. Exchange the Coupon:
Swipe ‘BUY WITH 1 COIN’ to exchange your coupon.
3. Redeem:
Tap the ‘REDEEM’ button to apply the coupon to your next eligible trade.
4. Trade:
Navigate to the trade page and place a trade on any Macquarie HK stock warrant.
· The trade must be held for at least one night.
· The minimum gross trade value must be S$3,000.
· The trade must be executed by 30 June 2025 to qualify for the S$30 cash credit.
5. Receive Rebate:
Qualifying customers will receive a S$30 cash credit in their trading account within one month after the campaign concludes.
Terms & Conditions
1. This promotion is for Customers who trade Warrants issued by Macquarie from 7 April 2025 to 30 June 2025, both dates inclusive (the Promotion Period).
2. Eligibility Criteria for the promotion:
- Customers must not have traded Macquarie Warrants with Phillip Securities Pte Ltd (PSPL) between 2 January 2025 and 6 April 2025.
- At least ONE BUY trade on Macquarie Warrants must be executed within the promotion period.
- Hold the traded Warrant for a minimum of one night.
- Accounts used for trading of Macquarie Warrants must be either Cash Plus, Margin (M), Custodian (C), Prepaid Custodian (CC), Cash Management (KC) and/or Share Financing (V) Accounts.
- BUY Trades of the same counter listed in SGX, that are placed on the same trading day on POEMS Trading Platforms using the same payment mode (cash or SRS) with the same Account, are considered as one trade. This is because we only charge one commission for such trade orders. Please refer HERE for more information.
- The reward is limited to the first 200 Customers participating in the campaign.
3. The reward is capped at S$68 per Customer, regardless of the number of Eligible Accounts through which the Customer places Macquarie Warrant trades during the Promotion Period.
4. The minimum gross contract value per transaction is S$3000.
5. Each Customer can only claim the reward once. Customer(s) with multiple Accounts will not qualify for the reward more than once.
6. The Reward will be credited to Eligible Accounts by the end of August 2025.
7. The following Customers are not eligible for this promotion, unless approved by the management of “PSPL”:
- PSPL institutional Customers and corporate Customers
- PSPL Account holders whose Accounts have been suspended, cancelled or terminated
- PSPL and its associated entities and subsidiaries (direct or indirect), e.g. Staff, Trading Representatives and Financial Adviser Representatives including their spouse and direct family members.
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 decisions 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.
