Cash Plus is a trading account that allows you to Thailand 0.18% min 0.15% min 0.

12% min
INFORMATION SHEET trade in global markets at low brokerage rates. THB500 THB400 THB300
Indonesia 0.18% min 0.15% min 0.12% min
This Account also has a stand-by margin facility
IDR250,000 IDR200,000 IDR150,000
of S$50,000 if you choose to increase your
Cash Plus purchasing power by leveraging on your cash
Turkey 0.18% min
TRY80
0.15% min
TRY60
0.12% min
TRY50
and/or investment products in your Account.
Account Other As As As
If you wish to use the stand-by margin facility for Markets published published published
financing of your purchases, please refer to
Sections 2 and 3 to find out more about the 2. Financing Quantum and Margin Factor
(Account with Stand-by financing quantum and margin requirements.
Margin Factor
Margin facility) Grade of Investment
Please contact your Trading Representative if Product (Financing IM MM FM
you require any clarification or assistance on the Quantum) Factor Factor Factor
mechanics of margin trading or request for a Grade A (~70% financing) 28.57% 23.08% 16.67%
higher credit limit.
Grade B (50% financing) 50.00% 46.15% 41.67%
Low Cost Trading
1. Brokerage rates based on value of assets Grade C (no financing) 100.00% 100.00% 100.00%
in custody Initial Margin (IM): The required margin to OPEN
a new position
The brokerage rates are determined based on
the previous end of day’s settled asset value Maintenance Margin (MM): The required margin
(AUC) held in the Account under the custody of to HOLD the position
Phillip Securities Pte Ltd (PSPL). These rates are Force-selling Margin (FM): The minimum
applicable only for trades placed online. The rate margin requirement that prevents immediate
is as low as US$6.88 flat. force-selling
Asset Starter Premier Privileged IM / MM / FM Requirement = Sum (Quantity x
Value S$0 – S$30,000 S$250,000 Market Price of Individual Investment Product x
Market 29,999 – 249,999 and above relevant Margin Factor)
Singapore 0.12% min 0.10% min 0.08% min
3. Margin Requirements
S$10 S$10 S$8
US US$10.88 US$8.88 US$6.88 Equity Balance = Cash Balance (ledger) + Total
flat flat flat Market Value of Investment Portfolio
Hong 0.15% min 0.12% min 0.08% min
(A) Available Cash:
Kong HK$80 HK$60 HK$50
China 0.15% min 0.12% min 0.08% min Available Cash (Initial Margin Excess) = Equity
CNH80 CNH60 CNH50 Balance – IM Requirement
Australia 0.18% min 0.15% min 0.12% min
Maximum Available to Purchase = Available Cash
A$25 A$20 A$15
250 North Bridge Road #06-00 x Financing Multiplier (refer to table below)
UK 0.18% min 0.15% min 0.12% min
Raffles City Tower Singapore 179101 Financing Multiplier Table
Tel: 65311555 www.phillip.com.sg GBP20 GBP15 GBP10
Co.Reg.No. 197501035Z GST Reg. No. M2-0021956-2 Germany 0.18% min 0.15% min 0.12% min
EUR20 EUR12 EUR8
For more information, please visit www.poems.com.sg or Japan 0.18% min 0.15% min 0.12% min
drop us an email at financing@phillip.com.sg
JPY1500 JPY1200 JPY1000
Malaysia 0.18% min 0.15% min 0.12% min
RM50 RM40 RM30
 How to fulfill Margin Call: With effect from 1 June 2021, negative interest
Example 1 – Determine how much you can invest 1) Deposit Money will be imposed on the following currencies:
with financing: 2) Sell shares Currency Negative Interest on Credit
Client deposits $10,000 cash and wishes to purchase Grade A: Margin Call Amount x 3.5 Balance1
Grade ‘A’ Shares Grade B: Margin Call Amount x 2.0 YEN 0.35% p.a
Maximum Available to Purchase = $10,000 x 3.5 (refer Grade C: Margin Call Amount x 1
EUR 0.35% p.a
to Financing Multiplier Table under Cash/A shares) = 3) Deposit shares
1
Grade A: Margin Call Amount x 1.3 PSPL reserves the right to change the rates without
$35,000
Grade B: Margin Call Amount x 1.857 prior notice.
Example 2 – Determine your available cash after
investment (case of no margin call):
4. Custody of Assets Alternatively, you may wish to opt-in for the
Client deposits $10,000 cash and $5,000 Grade ‘A’
shares, and purchases $25,000 worth of Grade ‘B’ All assets deposited or transacted through the Excess Funds Management facility to enjoy
shares. Assume market prices remain unchanged. Cash Plus Account will be held in custody with potentially greater returns on any surplus funds
PSPL except for purchases funded using (credit balance) parked in your account. By opting
Cash Balance = $10,000 - $25,000 = - $15,000
CPF/SRS moneys. in, your excess SGD and USD funds will be
Equity Balance = -$15,000 + [$5,000+$25,000]
invested on a discretionary basis in Money
= $15,000 Market Funds. Please refer to the section on
Corporate actions, such as dividends and rights
Available Cash = Equity Balance – IM Requirement Excess Funds Management under Important
subscriptions, will be processed in the Cash Plus
= $15,000 – [$5,000 x 28.57% + Notice for more information.
Account. Accounts with multi-currency facility will
$25,000 x 50%]
receive cash dividends in the declared currency 6. Multi-Currency Facility
= $1,071.50
unless otherwise determined by the issuer/PSPL.
(B) Margin Call (MC): As an added advantage, you also have the option
Margin Call (MM Deficit) = MM Requirement – 5. Excess Funds Management Facility of maintaining foreign currency balances (USD,
Equity Balance HKD, MYR, JPY, AUD, GBP, EUR, CNY and
You may wish to opt-in for the excess funds CAD) in your Cash Plus Account for ease of
MM Deficit is triggered when there is a margin management facility to enjoy potentially greater trading and efficient management of your foreign
deficit. Client is required to satisfy margin call earnings on the excess fund parked in this currency denominated investments by opting in
within 3 market days including the date of the account. By opting in, your excess SGD and USD for multi-currency facility. With this facility, you
notice. funds will be invested on a discretionary basis in may choose to settle your purchases or sales
Phillip Money Market Funds (MMF) and Phillip either in the traded currency or in SGD.
Example 3 - Case of margin call: USD MMF respectively. Please refer to the
Client deposits $10,000 cash and $5,000 Grade ‘A’ However, your Account must have sufficient
section on Excess Funds Management under funds in the settlement currency by
Shares, and purchases $25,000 worth of Grade ‘B’
Shares. Assume market value of Grade B shares important notice for more information. SETTLEMENT DATE to avoid incurring interest
drops to $19,500. on any debit balances. Debit interest starts to
To opt-in, simply log into your POEMS account, accrue from settlement date until debit balance
Cash Balance = $10,000 - $25,000 = - $15,000
go to: STOCKS> ACCT MGMT> Online Forms> diminishes to zero.
Equity Balance = -$15,000 + [$5,000+$19,500]
Excess Fund Authorization Currency Interest on Debit Balance2
= $9,500
SGD 6.00% p.a.
MM Deficit = [$5,000 x 23.08% + $19,500 x Otherwise, idle funds residing in this account will USD 7.00% p.a.
46.15%] – $9,500 = $653.25 be deposited in a trust account. Credit interest, if HKD 7.00% p.a.
any, will be paid on the full amount when it JPY 4.20% p.a.
Force-selling (FM Deficit) = FM Requirement – exceeds the stipulated limit as follow: AUD 8.75% p.a.
Equity Balance GBP 4.50% p.a.
Amount Interest on Credit Balance1 EUR 7.00% p.a.
When a FM deficit is triggered, it is an
> SGD 50,000 0.10% p.a CAD 7.00% p.a.
immediate call. Client is to top up to the margin CNY 8.25% p.a.
> USD 50,000 0.15% p.a
deficit amount to MM by 3.00pm on the same day MYR No debit balance allowed
of call.
2 These rates are non-negotiable and PSPL reserves Note: The hierarchy of currencies to be utilized
the right to change the rates without prior notice. S$2 per counter per month
for offsetting in descending order: SGD, USD, (subject to max S$150 per
7. Trading HKD, CNY, JPY, AUD, GBP, EUR, CAD, & MYR quarter)
Foreign
Trading can be done via POEMS 2.0, POEMS Shares (waived with minimum 2
Waived
Mobile as well as through your Trading Custody trades done per month or
10. Online Transaction Records and Charges4
Representative. 6 trades per quarter or
Statement of Account minimum S$132 brokerage
You are able to view your transaction history and per quarter for the
8. Settlement of Trades Account)
account details up to 12 months year-to-date
Accounts with multi-currency facility may settle through POEMS. Cash 1% on net dividend subject
foreign currency denominated trades in the Waived (for
Dividend to minimum S$1 capped at
A detailed monthly statement of Account will also SGX
traded currency or in SGD. Processing S$50 + out of pocket
be provided to you at the end of the month as Fee expenses (if applicable)
shares)
long as there are transactions in that month.
For non-multi-currency Accounts, auto
Other
conversion to SGD will be done on the settlement Corporate
11. How to fund the Account S$10 + out of pocket expenses (if
date based on the prevailing exchange rate. Action
We accept various payment methods. For more applicable)
Handling
Settlement of Purchase Contracts: details, please refer to Fee
Purchase contracts will be settled on the contract www.poems.com.sg/payment. 3 PSPL reserves the right to change the AUC range

due date. without notice.

4 Charges will be based on the average asset value of
12. Withdrawal of Excess Funds
Settlement of Sale Contracts: the quarter
You can transfer your available funds in your Note: All fees and charges are subject to GST.
Settlement of sale contracts will be carried out
Cash Plus Account to your bank account anytime
upon fulfilment of delivery obligations.
by submitting a withdrawal request through IMPORTANT NOTICE
Note: Cash Plus Account does not support contra POEMS.
arrangement. 1. The provisions above and these notes form part of
To withdraw, simply log in to POEMS and click on the terms and conditions for opening and operating
Mandatory conversion: ACCT MGMT > STOCKS > Online forms > your account in addition to our general Conditions
Account not enrolled for item 9, auto-conversion Withdrawal Form. Alternatively, you can Governing Phillip Securities Accounts. In making your
will take place in the event the account ledger in approach your trading representative to submit application for a Margin account, we will be assuming
any currency runs into deficit arising from the the request on your behalf. that you agree to this. The Conditions Governing
transactions tabled below: Phillip Securities Accounts can be obtained from Phillip
All payments to you will be made as per the Securities Pte Ltd (PSPL) or downloaded from
Account name in our records. No cash www.poems.com.sg.
Transaction Type Currency withdrawals are allowed.
Any MYR Ledger only 2. You should ensure that you have sufficient shares to
deliver against your sale contracts to avoid a buying-in
13. Schedule of Charges and penalty by SGX.
9. Auto Currency Conversion to offset Debit
Balance(s)new Charges based on AUC3 3. For online foreign currency-denominated share
transactions, you should carefully specify the
From 26 October 2020, all new accounts will be
(S$ equivalent) settlement currency at the point of submitting a trade.
auto enrolled with this feature. An auto currency Type of 30,000 – 250,000 & After which, you should ensure that there are sufficient
<30,000 funds to meet the margin requirement in the settlement
conversion process will be performed to offset Service 249,999 above
currency to avoid any force-selling by PSPL. In the
any currency in debit balance by utilizing S$15 per quarter event that you have funds in another currency in
currencies in credit balance according to currency Account equivalent value to your deficit in the settlement
hierarchy set up in our system. Maintenance (waived if there is at least Waived currency, your shares will not be force-sold but debit
Fee4 1 trade per quarter for the balance interest will start to accrue on the settlement
Account) currency until you order a currency conversion from the
other currency to offset the debit balance in full. You units will take place automatically on contract due date. its fund management services with respect to your
can do a currency conversion through POEMS or by Similarly, excess cash arising from sales proceeds will surplus funds invest/subscribe in for you.
giving instructions to your trading representative. be designated for placement in MMF on the same I. The Money Market Funds are not intended for US
PSPL will not do the currency conversion on your business day. citizens.
behalf without any given instruction from you unless
they are items stated under Auto-conversion of Debit With regard to Money Market Funds (MMFs), This information sheet is provided to you for general
Balance. investors should note that:
information only and does not constitute a
A. MMFs are unit trusts that invest in short-term recommendation, an offer or solicitation to buy or sell
4. PSPL reserves the right to revise the published rates the investment product mentioned. It does not have
and charges from time to time without prior notice. deposits and high quality debt securities. Both
local and foreign issuers may issue permissible any regard to your specific investment objectives,
5. For account closure with credit balance of S$1.00 debt securities; financial situation or any of your particular needs.
and below, an administrative charge of up to S$1.07 B. Although the fund managers may seek to maintain Accordingly, no warranty whatsoever is given and no
(inclusive of GST) will be levied. or preserve the principal value of the MMFs, there liability whatsoever is accepted for any loss arising
can be no assurance that the funds will be able to whether directly or indirectly as a result of your acting
6. For payment via Telegraphic Transfer (TT), you are meet their objectives; based on this information.
strongly advised to state clearly your PSPL Trading C. MMFs are not principal guaranteed unit trusts in
Account Number and Account Name in your TT Investments are subject to investment risks. The risk of
that there is no guarantee as to the amount of
payment instruction. loss in leveraged trading can be substantial. You may
capital invested and/or return received;
sustain losses in excess of your initial funds and may
In the event that PSPL is unable to identify the account D. Past performance figures as well as any projection
be called upon to deposit additional margin funds at
for the amount to be credited, PSPL may reject the or forecast regarding the MMFs are not
short notice. If the required funds are not provided
amount transmitted after reasonable endeavours have necessarily indicative of the future or likely
within the prescribed time, your positions may be
been made to trace the source of the deposit. Any performance of such funds;
liquidated. The resulting deficits in your account are
bank charges incurred will be borne by you. E. A purchase of a unit in MMFs is not the same as
subject to penalty charges. The value of investments
placing funds on deposit with a bank or deposit-
PSPL will not be held responsible for any loss, charge denominated in foreign currencies may diminish or
taking company. Investments are subject to
or damage arising from the rejected funds or delay in increase due to changes in the rates of exchange. You
investment risks including the possible loss of the
crediting the amount into the account. should also be aware of the commissions and finance
principal amount invested;
costs involved in trading leveraged products. This
7. Please contact your Trading Representative if you F. Unlike bank deposits, MMFs do not pay interest.
product may not be suitable for clients whose
need any clarification or assistance on trading matters. Investors enjoy returns from the MMFs in the form
investment objective is preservation of capital and/or
of capital gains, which are generally not taxable
whose risk tolerance is low. Clients are advised to
under the current Singapore income tax laws;
Excess Funds Management understand the nature and risks involved in margin
G. The value of units in MMFs and the income from
trading.
When you opt for the excess funds management them may rise as well as fall;
facility, you authorize Phillip Securities Pte Ltd to invest H. The PhillipCapital group of companies, and in You may wish to obtain advice from a qualified
your surplus funds on a discretionary basis in Money particular PSPL itself, together with their financial adviser, pursuant to a separate engagement,
Market Funds (“MMF”). respective directors and employees may take or before making a commitment to purchase any of the
have taken interests or positions in the MMF investment products mentioned herein. In the event
Currently, clients’ excess SGD funds are placed in which PSPL in providing the excess fund that you choose not to obtain advice from a qualified
Phillip Money Market Fund and excess USD funds are management services with respect your surplus financial adviser, you should assess and consider
invested in the Phillip USD Money Market Fund (Phillip funds, has exercised its discretion to invest such whether the investment product is suitable for you
US Dollar Money Market Fund). Please visit of your surplus funds in. Such companies, before proceeding to invest and we do not offer any
www.poems.com.sg/unittrust under Tools >> Fund including PSPL (but through another business unit advice in this regard unless mandated to do so by way
Finder for more information on these two funds or other than its fund management department), may of a separate engagement. You are advised to read
approach your Trading Representative or customer also perform or seek to perform the Conditions Governing Phillip Securities Accounts
service staff for the relevant factsheet. marketing/distribution and other investment and Risk Disclosure Statement (available online at
The minimum amount of placement in MMF each time services for or in relation to the MMF for which www.poems.com.sg).
per client is $100. However, when the MMF unit services distinct fees are received. Specifically, ____________________________________________
balance falls below 50 upon redemption, balance units PSPL may for such marketing/distribution services Effective from 1 May 2021
will be automatically and fully redeemed. rendered receive marketing/distribution fees
(including trailer fees) from the MMF
Equivalent dollar value of MMF units will be originators/fund managers which it will receive and
automatically redeemed at no extra charge for appropriate for its own benefit. Such MMF may
settlement of contracts or for withdrawal. For the include those MMF that PSPL in providing to you
settlement of the shares you buy, redemption of MMF