Get Rewarded When You Execute TWO BUY Trades of UBS DLCs from 1 July to 30 September 2024
What is a DLC?
A Daily Leverage Certificate (DLC) is a form of structured financial instrument issued by banks and traded on the securities market. DLCs offer investors fixed leverage of 3 to 7 times the daily performance of an underlying index, regardless of a rising or falling market. The basic principle is simple – if the underlying index moves by 1% from its closing price of the previous trading day, the value of the 3x DLC will move by 3%.
SGX is the first in Asia to offer trading in DLCs, allowing investors to gain fixed leveraged exposure to developed Asian market indices and single stocks. Unlike options, DLC pricing is not affected by factors such as implied volatility, time decay, or margin calls.
DLCs were first introduced in Europe in 2012, where they are also known as constant leverage products or factor certificates. They quickly garnered significant interest from investors in Europe shortly after their launch.
Why Trade DLCs?
Leverage up to 7 times the daily performance of an underlying index
Flexibility to trade both rising and falling markets
Low capital outlay and loss limited to invested amount
No margins. No implied volatility impact. No time decay impact.
Transparent pricing due to tradability of the products on exchange
Frequently Asked Questions
To qualify for the S$108 cash credit, you must be a POEMS Customer who trades UBS DLCs from 1 July to 30 September 2024, and executes at least TWO BUY Trades during this period.
| TSGW | Counter Code |
| Tencent | Underlying |
| 5x | Leverage Factor |
| Long | Long/Short |
| UB | Issuer (UB = UBS) |
| 241231 | Expiry Date (YYMMDD) |
No, each Customer is only eligible to claim the cash credit once, regardless of multiple Accounts. Please see the following example.
Client A who has Accounts 1234567 & 2345678 with POEMS, has not traded UBS DLCs with PSPL between 1 April and 30 June 2024. Client A executes 2 buy trades of UBS DLCs on Account 1234567 on 2 July and executes another 2 buy trades of UBS DLCs on Account 2345678 on 2 August. Assuming that both Accounts meet all other conditions, Customer A will qualify for Cash Credit based on the Account that first traded the UBS DLCs. In this case, Customer A will receive a credit of S$108 in his POEMS Account 1234567.
Please contact your dealer or Trading Representative. Alternatively, you can contact our Customer Experience Unit at 6531 1555 or send an email to talktophillip@phillip.com.sg
Terms and Conditions
- This promotion is for Customers who trade UBS DLCs between 1 July 2024 to 30 September 2024, both dates inclusive (the Promotion Period).
- Eligibility Criteria for the Reward:
- Accounts used for trading of DLCs must be either Cash Plus, Margin (M), Custodian (C), Prepaid Custodian (CC), Cash Management (KC) or Share Financing (V) Accounts.
- At least TWO BUY trades on DLC must be executed.
- BUY Trades of the same counter listed in SGX, 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.
- Customers must not have traded UBS DLC with Phillip Securities Pte Ltd (PSPL) between 1 April 2024 and 30 June 2024.
- The Reward is capped at S$108 per Customer, regardless of the number of Eligible Accounts through which the Customer places DLC trades during the Promotion Period.
- This Promotion is capped to the first 150 Customers who qualify for the cash credit.
- Each Customer can only claim the Reward once. Customer(s) with multiple Accounts will not qualify for the Reward again.
- The Reward will be credited to Eligible Accounts by 31 October 2024.
- The following Customers are not eligible for this Reward, unless approved by the management of Phillip Securities Pte Ltd (“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, and Financial Advisory Representatives.
- In the event of a dispute over the Customer’s eligibility to participate in this Reward, PSPL’s decision will be final.
- 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 Reward itself without having to disclose a reason, and without any compensation or payment whatsoever. PSPL’s decisions on all matters relating to the Reward are final and binding on all participants.
- By taking part in this promotion, the participant acknowledges that he/she has read and consented to these Terms & Conditions.
