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Description |
Charges (inclusive of GST) |
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- SGD $21.40 per loan initiated
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- Borrowing rate varies between different securities
- Kindly contact your TR or SBL Desk for more information
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- Lending rate varies between different securities
- Kindly contact your TR or SBL Desk for more information
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- Negative (Debit) Cash Ledger Interest
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- Positive (Credit) Cash Ledger
Interest
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- 0.10% per annum for balances above S$50,000
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- Share Transfer(Deposition or withdrawal)
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- $10.70 per counter onwards (to/from CDP direct account)
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- S$1.07 will be levied for account closure with credit balance of S$1.00 or below.
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*Phillip Securities reserves the right to revise above fee schedule. Kindly enquire with your TR or SBL Desk for updated details.
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Lending Fee
Lending fee is computed on a daily basis (non-compounded)
and will be accrued to your SBL account on a monthly basis,
where:
Lending fee per day = Lending Rate / 365 days x
Last Done Closing Price x Quantity
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Borrowing Cost
Cost of borrowing typically includes (1) administrative charge,
(2) borrowing fee and (3) contract settlement fee.
Borrowing fee is computed on a daily basis
(non-compounded) where:
Borrowing fee per day = Borrowing Rate / 365 days x
Last Done Closing Price x Quantity
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Margin Ratio
Margin Ratio (MR) = Total Market Value of Collateral* / Total Market Value of Borrowed & Sold Securities
MR must be maintained above 130% of the market value of
the borrowed and sold securities at all times. |
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* Collateral includes:
1. Sales proceeds from short-sell trades
2. Cash pledged into SBL account
3. Securities pledged into SBL account
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Top up within 2 days
120% < MR < 130%
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Top up immediately
MR < 120%
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 To calculate Margin Maintenance or the values of shares to buy back click here
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