Phillip CFD - Contracts For Difference

Rates and Promotions for 2008

To commemorate Phillip CFD’s 5th year anniversary, we have revised our rates! We are proud to be the pioneer of CFD trading in Singapore. Thank you for your support for Phillip CFD all these years.

	SG CFD Rates	KL CFD Rates	HK CFD Rates
Commission * Rates subjected to changes. GST on Commission	Index Comp Stocks 0.2% flat Non-Index Comp Stocks 0.3% flat	0.6% (Settlement Curr in MYR)	0.4%
Min Commission	Min S$25 / US$15 / HK$150	Min RM 60	Min HK$150
* Finance Charges * Based on 100% contract value * Rates subjected to changes	Long : 5.5% p.a. (DR) Short : 8.0% p.a. or #4% p.a. (DR) #Selected SG counters	Long : 5.5% p.a. (DR) Short : 4.0% p.a. (DR)	Long : 5.5% p.a. (DR) Short : 8.0% p.a. (DR)
Current Promotion (s)	i) 0.13% (Index Stocks) till 31 Dec 08 Min S$25 / US$15 / HK$150 ii) 7 calendar days FREE financing till 31 Dec 08	NA	i) 0.35% till 31 Dec 08 Min HK$150

	US Stocks CFD Rates	US Indices CFD Rates
Commission * Rates subjected to changes. GST on Commission	0.25% (Per trade basis)	Wall Street US$10 (per leg, per qty basis) US SP 500 & US TECH 100 US$5 (per leg, per qty basis)
Min Commission	Min US$25	NA
* Finance Charges * Based on 100% contract value * Rates subjected to changes	Long : 8.25 p.a. (DR) Short : 1.5% p.a. (CR)	Long : 8.25 p.a. (DR) Short : 1.5% p.a. (CR)

Phillip Singapore Stock CFD Working Examples

Long Example

A client is bullish on ZZ (listed on SGX and non-Index component stock) and purchases 2,000 shares at S$1.40. Alternatively, the client can deposit the S$2,800 and buy up to S$14,000 worth of CFD contract in counter ZZ at S$1.40.

Scenario 1: Positions are closed 10 days later @ S$1.50

Original Investment	Long CFD $2,800	Long Stock $2,800
Opening contract value (Day 1)	(S$14,000)	(S$2,800)
Opening commission (incl GST)	(S$44.94)	(S$26.75)
Clearing & Access fees (incl GST)	$0	(S$1.42)
Finance Charge	($21.10)	S$0
Closing contract value (Day 10)	$15,000	S$3,000
Closing Commission (incl GST)	($48.15)	(S$26.75)
Clearing & Access fee (incl GST)	$0	(S$1.52)
Net gain	S$885.81	S$143.56
Return on Equity (Net Gain/Original Investment)	31.64%	5.13%

Scenario 2: Positions are closed 10 days later at S$1.30

Original Investment	Long CFD $2,800	Long Stock $2,800
Opening contract value (Day 1)	(S$14,000)	(S$2,800)
Opening commission (incl GST)	(S$44.94)	(S$26.75)
Clearing & Access fees (incl GST)	$0	(S$1.42)
Finance Charge	(S$21.10)	S$0
Closing contract value (Day 10)	S$13,000	S$2,600
Closing Commission (incl GST)	(S$41.73)	(S$26.75)
Clearing & Access fee (incl GST)	S$0	(S$1.32)
Net loss	(S$1,107.77)	(S$256.24)
Return on Equity (Net Loss/Original Investment)	(39.56%)	(9.15%)

Short Example

A client is bearish on ZZ (listed on SGX and non-Index component stock) and sells 4,000 shares (2 times leverage) at S$1.40 after borrowing from SBL. Alternatively, the client can deposit the S$2,800 and sell up to S$14,000 worth of CFD contract in counter ZZ at S$1.40.

Scenario 1: Positions are closed 10 days later @ S$1.30

Original Investment	Short CFD $2,800	Short Stock $2,800
Opening contract value (Day 1)	S$14,000	S$5,600
Opening commission (incl GST)	(S$44.94)	(S$16.78)
Clearing & Access fees (incl GST)	S$0	(S$2.85)
Borrowing Charge	(S$30.68)	(S$10.74)
Closing contract value (Day 10)	(S$13,000)	(S$5,200)
Handling fee (incl GST)	S$0	(S$21.94)
Closing Commission (incl GST)	(S$41.73)	(S$15.58)
Clearing & Access fees (incl GST)	S$0	(S$2.64)
Net gain	S$882.65	S$329.47
Return on Equity (Net Gain/Original Investment)	31.52%	11.77%

Scenario 2: Positions are closed 10 days later @ S$1.50

Original Investment	Short CFD $2,800	Short Stock $2,800
Opening contract value (Day 1)	S$14,000	S$5,600
Opening commission (incl GST)	(S$44.94)	(S$16.78)
Clearing & Access fee (incl GST)	S$0	(S$2.85)
Borrowing Charge	(S$30.68)	(S$10.74)
Closing contract value (Day 10)	(S$15,000)	(S$6,000)
Handling fee (incl GST)	S$0	(S$21.94)
Closing Commission (incl GST)	(S$48.15)	(S$17.98)
Clearing & Access fee (incl GST)	S$0	(S$3.05)
Net Loss	(S$1,123.77)	(S$473.34)
Return on Equity (Net Loss/Original Investment)	($40.13%)	(16.90%)

Thank you for your continued support!