What are the BENEFITS to transfer-in shares? (For Client)
Clients can potentially gain incremental earnings up to 4%pa for assets custodized with Phillip Securities.
Phillip Securities is the only brokerage that offer securities lending for Singapore Equities.
- No disruption to trading activities (except for Sale to the Buy-In Market)
- No impact on margin ratio
- Hassle free lending arrangements
- Lenders are entitled to the full economic benefits (except for voting rights)
- All CDP and Transfer-in Charges waived!
Illustration on Lending Fee Calculation:
Client A transfer 20,000 shares of IFAST and Client B transfer 50,000 shares of Top Glove to Phillip SBL account on 15 May 2022.
(a) Assume SBL borrow at 2%pa for IFAST and 4% for Top Glove for a period of 30 days.
(b) Based on Last Done Price $4.75 for IFAST and S$0.49 for Top Glove.
Client A will receive S$156 of lending fee over period of 30 days.
Client B will receive S$80.50 of lending fee over period of 30 days.
Lending fee is computed on a daily basis (non-compounded) and will be accrued to client’s SBL account on a monthly basis, where:
Lending fee per day = Lending Rate / 365 days x Last Done Closing Price x Quantity
More info on SBL click HERE
Terms and Conditions
Promotion is valid for new transfer-in form submitted from period 1 June 2022 to 30 September 2022.
Total share value is calculated based on each counter’s Last Done Price on 30 September 2022.
Minimum transfer in value of S$20,000 per client for above hot stock list to qualify as successful transfer-in.
Lending fee is only paid to client when the shares are being lent out, to be credited into client’s account by the first week of each following month.
PSPL reserves the right at its absolute discretion to amend the terms and conditions of, or terminate this scheme without prior notice. In the event of any dispute involving the interpretation of terms and conditions or any disagreement arising from this scheme, PSPL reserves the right to make the final decision.
Please contact me at 90400848 if you are interested.
