DBS GROUP HLDGS will be undergoing a bonus issue on the basis of 1 bonus share for every 10 existing shares on ex-date 22nd April 2024, Monday (fractional entitlement will be disregarded).
We will be catering the Bonus Issue for both LONG & SHORT positions.
For clients who hold their LONG positions after SGX market closes on 19th April 2024 (Friday), you will receive additional CFD contracts as a new LONG position at $0 on 22nd Apr 2024, Monday before SGX market opens.
For clients who hold their SHORT positions after SGX market closes on 19th April 2024 (Friday), you will receive additional CFD contracts as a new SHORT position at $0 on 22nd Apr 2024, Monday before SGX market opens.
If clients do not wish to be subjected to the corporate action, clients need to close off the position by 19th April 2024, Friday, before SGX market closes.
Updated 05th April 2024, 04:40 PM
We would like to announce that we will be offering Limit GTD Orders of up to 90 days validity for CFDs on the POEMS platforms. It will be available for all Equities CFD, Indices CFD and Commodities CFD.
Do take note that Limit GTD Orders will be available from Monday, 30 October 2023.
We would like to inform you that we will be revising the interest rates on our CFD Margin Excess and Deficit Interest.
Please refer below the revised rates and take note that these new interest rates will be effective from 1 October 2023.
The new interest rates are:
If you have any enquiries, please feel free to drop us an email at cfd@phillip.com.sg
Phillip CFD will be revising our finance charges for some of our products on both POEMS CFD and POEMS CFD MT5. Please take note that these new rates will be effective from 21 August 2023 (Monday). The new rates are:
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:
| Curreny | 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
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.
