Share Financing

FAQ

Margin Account

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.

It takes only one day to open an account if all the required documents are submitted and no AML records are found. You can open an account via https://www.poems.com.sg/open-an-account-tr/.

If you are an existing account holder, please apply for the Margin Account via POEMS > Acct Mgmt > Stocks > online forms > Margin Account Opening. The account should be opened by the next working day.

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 neither a US citizen nor a bankrupt.

For documentation, please refer to https://www.poems.com.sg/open-an-account-tr/

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.

Opt in to Excess Funds Management facility that manages your idle cash into Phillip Money Market Funds discretionary upon opt in. Let SMART help you maximise your investment opportunities.

  • Fast and simple online transfer & withdrawal
  • No sales charge or administrative fees
  • No lock-in period
  • The largest^ retail SGD Money Market Fund in the market

^Based on Total Net Assets (TNA) figures reflected in FundSingapore.com

To view FAQs on trading settlements on Margin Account (M) , click here

To read the general Risk Disclosure Statement, click here.

Margin Facility