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Please be informed that IX Biopharma is undergoing a renounceable rights issue of 7 for 100 with ex-date on 29th June 2021.

We will be catering for the rights only for LONG positions. For LONG clients who are intending to hold their positions past the ex-date and be entitled to the rights, we would like to highlight the increased risk of a margin call between the ex-date and the rights trading date. Clients will still be subjected to standard margin call procedures.

IX Biopharma rights CFD will be reflected in your CFD account on 6th Jul. There will not be any conversion of the rights and as such all clients MUST sell their rights during the rights trading period from 5th Jul to 13th Jul 2021 . Otherwise, the rights will lapse and be closed off at a traded price of zero.

Liquidation of your rights will be done on a phone-only market order basis. Commission is chargeable for the liquidation of the rights at the commission rates similar to IX Biopharma under CFD. Finance charge for the rights will not be chargeable.

Updated 2nd July 2021, 2:20pm

Please be informed that Olam is undergoing a renounceable rights issue of 3 for 20 with ex-date on 29th June 2021.

We will be catering for the rights only for LONG positions. For LONG clients who are intending to hold their positions past the ex-date and be entitled to the rights, we would like to highlight the increased risk of a margin call between the ex-date and the rights trading date. Clients will still be subjected to standard margin call procedures.

Olam rights CFD will be reflected in your CFD account on 6th Jul. There will not be any conversion of the rights and as such all clients MUST sell their rights during the rights trading period from 5th Jul to 13th Jul 2021 . Otherwise, the rights will lapse and be closed off at a traded price of zero.

Liquidation of your rights will be done on a phone-only market order basis. Commission is chargeable for the liquidation of the rights at the commission rates similar to Olam under CFD. Finance charge for the rights will not be chargeable.

Updated 2nd July 2021, 2:16pm

The issue has been resolved and online submission has been enabled.

Thank you for your patience and understanding.

Updated 02th July 2021, 10:15am

Please be informed that we will be renaming two of our Indices CFD contracts with effect from 31 May 2021.

  • FTSE China A50 Index USD1 CFD -> China A50 Index USD1 CFD
  • FBM KLCI MYR10 CFD ->KL Index MYR10 CFD



Please note that these are only changes in product names with no changes in the contract specifications.

Updated 27th May 2021, 6:00pm

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

In order to answer more in-bound calls into the CFD Operation team, please be informed that CFD Operations will not be calling Trading Reps for the settlement of CFD Margin Call effective from Monday, 30th March 2020.

However, Trading Reps will still be receiving email with the subject header “CFD – Margin Call report” as per usual. Please be mindful that partial settlement / no settlement of margin call will result in force-selling on the stipulated time without any further notice.

For any margin call enquiries / settlement, please direct your emails to CFDOPS@phillip.com.sg.

In accordance to new regulations introduced by the Monetary Authority of Singapore (MAS), all clients who wish to continue trading CFDs will be required to do a one-time acknowledgement of the Risk Fact Sheet provided by PSPL.

From 8th October 2019 onward, you will not be able to place any new CFD orders until you have acknowledged the Risk Fact Sheet. Please acknowledge the Risk Fact Sheet as early as possible to prevent any disruption to your trading activities.

The Risk Fact Sheet can be acknowledged online through POEMS 2.0 by following the steps below:

1. Login to POEMS 2.0

2. Go to Acct Mgmt > CFD > RFS & RDS

3. Read through and acknowledge at the bottom of the page

For joint account holders, both account holders will be required to acknowledge the physical copy of the Risk Fact Sheet separately and email the scanned copy to cfd@phillip.com.sg. Please indicate your joint account number on the top right corner. The Risk Fact Sheet can be downloaded here.

Force-Closure of Short Sell Positions:
When you are short-selling, you are at risk of having your position forced-closed if our borrowed shares are recalled by the lender. For more information, please refer to our Terms and Conditions, Section 7 “Market Disruption, Suspension of Trading, Delisting of Underlying Financial Instrument or Closure of Hedge Position”.

Maximum Order Size:
Do note that any limit order for Equities CFDs submitted at prevailing market bid/ask prices exceeding the following limit(s) might be rejected or delayed subject to our approval:

Shares CFD (whichever has a lower contract value)
1) Maximum quantity per order: 500,000 shares
2) Maximum contract value per order: S$300,000

DMA CFD (whichever has a lower contract value)
1) Maximum quantity per order: 500,000 shares
2) Maximum contract value per order: S$500,000

It is therefore highly recommended for you to split large orders into multiple smaller ones for submission.

EPS/Incoming Funds:
Please do so by 10:00am for the funds to be credited on the same day. (Only applies for Cash Trading Account)
Submit EPS Notification Form