Education

How will my Phillip CFD contracts denominated in foreign currency be settled?

When you trade a security or underlying instrument denominated in USD, HKD, SGD, MYR, all charges, profits and losses would be settled in that respective currency which the security is being denominated. If you have deficit in any of these ledgers, you would be required to pay penalty interest on the margin deficit. Please refer to charges for the penalty interest. Therefore, you are strongly encouraged to check your account on a periodic basis to check for any deficit amount.

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