(CFD) Negative Interest on YEN and EUR  Blog, MSF, POEMS  May 12, 2021

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 & EUR currency will apply with effect from 1 June 2021 on all CFD accounts as follow:

Currency Negative interest rate on Credit Balance (Existing) Negative interest rate on Credit Balance (NEW)
YEN 0.3% p.a. 0.35% p.a.
EUR n.a. 0.35% p.a.
Credit interest for AUD and HKD will also cease from 1 June 2021 onwards.
Please be informed that rates are subjected to change from time to time without prior notice.
Updated 12th May 2021, 1:26pm