New Infosheet (Effective From 28 January 2022).pdf

New_M_INFOSHEET.pdf
Preview of New Infosheet (Effective from 28 January 2022)
🔗 Source: poems.com.sg
📊 Size: 308 KB
👤 Author: Phillip Securities Pte Ltd
⬇️ Downloads: 88

Summary

Margin (M) Account is a trading account that gives flexibility to manage investments, trade in over 23 exchanges, and leverage power when needed. It allows increasing investment purchasing power through margin financing by placing cash and/or selected investment products as collateral. All new Margin accounts have an initial credit limit of S$50,000, which can be increased by contacting a Trading Representative. The account has various margin requirements, including Initial Margin (IM), Maintenance Margin (MM), and Force-selling Margin (FM), which are calculated based on the market price of individual investment products and relevant margin factors. The account also has a financing multiplier table that determines the maximum available to purchase based on the collateral type and financing percentage. In case of a margin call, the customer is required to satisfy the margin call within 3 market days, and force-selling may occur if the margin deficit is not met. The account also offers an Excess Funds Management Facility, which allows customers to invest surplus funds in Phillip Money Market Funds, and a multi-currency facility that enables customers to maintain foreign currency balances for ease of trading.

Description

Margin (M) Account is a trading account that gives flexibility to manage investments, trade in over 23 exchanges, and leverage power when needed.

Technical Information

  • File Format: PDF
  • File Size: 308 KB
  • Pages: 4
  • Language: EN
  • Author: Phillip Securities Pte Ltd
  • Total Downloads: 88
  • Last Updated: 3 months ago

Document Overview

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