Securities Financing

Up to 70% financing available for over

  • 2000 stocks/ETFs across 11 international markets
  • 100 bonds

Financing available in up to 9 currencies

Margin Finder

Note:

  • Grade S = 80% financing in Share Financing Account (V) or 70% financing in Phillip Investment Account – Margin (M).
  • Grade A = 70% financing, Grade B = 50% financing

Greater Investment Power

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

Step 2
Step 1
Collateral Type
(Cash, Shares, ETFs, Bonds)		 GRADE A
PURCHASE		 GRADE B
PURCHASE		 GRADE C
PURCHASE
CASH
($10,000)		 $35,000 $20,000 $10,000
GRADE A
($10,000)		 $25,000 $14,280 $7,140
GRADE B
($10,000)		 $17,500 $10,000 $5,000

Example 1:

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

  1. Go vertically down the table, stop at cash (Step 1)
  2. Go horizontally across the table, stop at Grade A Purchase (Step 2)
  3. Client can purchase up to $35,000 worth of Grade A with $10,000 cash deposit

Example 2:

Client deposits $10,000 cash and $10,000 Grade A 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 $34,280 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

New Infosheet (Effective from 19 July 2019)
Infosheet
Phillip Investment Account – Margin
Financing Quantum As low as 30% owner’s equity
(70% financing)
Margin Call Period 3 Market Days
Collateral Deposit Before trading
Financing Rates
  • SGD
  • USD
  • HKD
  • JPY
  • AUD
  • GBP
  • EUR
  • CAD
  • CNY
    		•
    Markets Available SG, US, CN, HK, MY, CAN, GER, 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, JPY, MYR, AUD, GBP, CAD, EUR & CNY
    Credit Interest

    (For Credit Balance > 50K)
  • SGD : 0.10% p.a.
  • USD : 0.15% p.a.
  • HKD : 0.10% p.a.
  • AUD : 0.05% p.a.
    		•
    Excess Funds Facility
    Earn on your idle funds.
    1 Year Rolling Return: SGD p.a.* | USD p.a.*
    Return (1 month) Annualised: SGD p.a.# | USD p.a.#

    Rates updated as of
    *Based on 1-year rolling return, NAV/NAV prices.
    #Based on the average rate of annualised returns over the last rolling one month.
    Past performance is not necessarily indicative of future performance. View disclaimer

    		Yes
    Securities Lending(SBL)
    Custodise your shares and earn up to 4% p.a.    		 Yes

    FAQ

    Those who wish to open a Margin (M) Account must be above the age of 21 years old and must not be blacklisted or found to be delinquent by the Singapore Exchange (SGX) or other securities firms.
    Yes.  Please visit Phillip Investor Centre or contact Trading Representatives.
    No.
    Yes.  Please visit Phillip Investor Centre or contact Trading Representatives.
    No. You would have to transfer the shares into your Margin (M) Account before you can sell them.
    No. You would have to transfer the shares into your Margin (M) Account before you can sell them.
    You can transfer the shares by signing the relevant forms. Please contact your trading representative for a copy of the form.
    It will take around two working days for the shares to be transferred into your Margin (M) Account.
    Your Margin (M) Account will be ready for trading within three working days upon receiving your completed application if all the requirements are met.
    The time it takes to open an account from overseas depends on the postage time required to send the forms to you and for you to return the completed forms back to us. Once the account is opened, we will send the Internet password via mail to you. The whole account opening process may take approximately two weeks or more.
    Yes. Custodian (C) Account can be converted into a Margin (M) Account by signing the relevant forms. Please contact your trading representative for a copy of the form.
    1. You need to be 21 years and above to open an account with us.
    2. Your account opening documents need to be certified by a public notary, commissioner of oaths, or judicial officer.
    3. You are not blacklisted with the Singapore Exchange (SGX) or with any other securities firm or have any delinquent account with any other securities firms.
    To request for a higher credit limit, the customer is required to contact his/her Trading Representative. The Trading Representative will submit a request to the company for review. This generally takes 3-5 working days for processing. Requests for a substantially higher limit may take longer for review. Upon approval of the new credit limit, the customer will receive a notification from the company.

    For Cash Management, Custodian, Prepaid, Margin, and Cashplus accounts:

    From 26 October 2020, all new accounts will be auto enrolled with this feature. An auto currency conversion process will be performed  at 7.15pm based on prevailing rates to offset any currency in debit balance by utilizing currencies in credit balance according to currency hierarchy set up in our system. The hierarchy of currencies to be utilized for offsetting in descending order: SGD, USD, HKD, CNY, JPY, AUD, GBP, EUR, CAD, & MYR.

    To opt in/out from this facility, please contact your Trading Representative.

     

    For trading accounts that are not opted in for the above feature, clients are required to take the necessary steps to either transfer money into the trading account or submit a currency conversion request to avoid being charged debit interest.

    For Trading Settlements on Phillip Investment Account – Margin, click here

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    To read the general Risk Disclosure Statement, click here.

    To find out more, chat with us using our Live Chat function.

    Alternatively, you may call us at 6531 1555 or email us at financing@phillip.com.sg

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