Following Phillip Securities Pte Ltd’s review of the prevailing interest rate environment, we would like to inform that changes in negative interest on credit balances in YEN currency will apply with effect from 1 December 2022 on all CFD accounts as follow:

Currency	Negative interest rate on Credit Balance (Existing)	Negative interest rate on Credit Balance (NEW)
YEN	0.35% p.a.	0.50% p.a.

Please be informed that rates are subjected to change from time to time without prior notice. Updated 1st Dec 2022, 9:30am