This document provides details on a share margin financing promotion from June 19th to December 31st 2020 for individual applicants. Key details include an interest rate of base rate + 0.1% for the first 6 months and base rate + 1.1% thereafter, financing up to 65% of the value of pledged collateral, a 3 day grace period if the margin ratio exceeds the approved level by more than 5%, and force selling if the ratio exceeds 76.92% or the margin call notice expires. Required documents include identification, income proof, bank statements, and existing margin account statements if redeeming a previous facility.
Original Description:
Original Title
SMF Term Sheet (Pay less EARN More) 19.6.20 to 31.12.20
This document provides details on a share margin financing promotion from June 19th to December 31st 2020 for individual applicants. Key details include an interest rate of base rate + 0.1% for the first 6 months and base rate + 1.1% thereafter, financing up to 65% of the value of pledged collateral, a 3 day grace period if the margin ratio exceeds the approved level by more than 5%, and force selling if the ratio exceeds 76.92% or the margin call notice expires. Required documents include identification, income proof, bank statements, and existing margin account statements if redeeming a previous facility.
This document provides details on a share margin financing promotion from June 19th to December 31st 2020 for individual applicants. Key details include an interest rate of base rate + 0.1% for the first 6 months and base rate + 1.1% thereafter, financing up to 65% of the value of pledged collateral, a 3 day grace period if the margin ratio exceeds the approved level by more than 5%, and force selling if the ratio exceeds 76.92% or the margin call notice expires. Required documents include identification, income proof, bank statements, and existing margin account statements if redeeming a previous facility.
➢ Base Rate + 0.10% p.a. (3.75% p.a.) for first 6 months. Interest Rate ➢ Thereafter, Base Rate + 1.10% p.a. (4.75% p.a.) Note: Current Base Rate is at 3.65% p.a. with effect from 13/05/2020
Tenor ✓ 3 months with rollover
Margin of Finance (MOF) ✓ Up to 65%* Margin Call Ratio / Days ✓ Above Approved MOF + 5% / 3 days grace period Force Selling Ratio ✓ Above 76.92% or expiry of margin call notice, whichever is earlier
Quoted shares 1.8X (NYSE & NASDAQ) As per CGS-CIMB marginable list
Documentation Fee : RM70 (Waived)
CDS Opening Fee : RM10 (Waived)
CDS Transfer Fee : Waived up to 20 marginable Bursa Malaysia counters (redemption case only) Fees & Charges : 0.50% on the outstanding amount Rollover fee (Waived for first 12 months thereafter waived if meet 1x turnover of the facility limit) Stamp Duty • Principal Agreement : Ad Valorem 0.5% of Facility Limit • Subsidiary Agreement : RM10 each
✓ Account Application Form;
✓ Photocopy of NRIC (Front & Back); ✓ Income proof : Documents Required • Latest one (1) month salary slip; or • EA Form / Form B / Form BE; or • Latest EPF statement; ✓ Latest three (3) months savings/ current account; and/ or ✓ Latest margin account statement from your existing financier (if redemption case).
* Applicable for collateral which consist of diversified shares portfolio