Grade Based Margin

Introduction

 

Interest rate and the interest calculation in Grade-Based Margin financing is based on the stock ranking. There are 3 layers of outstanding based on stock quality and margin value* in Grade-Based Margin financing.

Higher proportion of blue chips in securities portfolio , lower interest rate it is. It is as low as 2.75% ! The calculation of interest rate is as follows：

 

int-table

 

 

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2:：The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%。

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being ”credited”.

代號 Stock Code 市場 Market 名稱 Stock Name 股票按揭比率 Margin Ratio 港元年利率 Interest Rate p.a.
first HKD 50,000 loan the rest amount of loan
1 香港 HK 長和 / CKH HOLDINGS 0.80 P - 2.5% P - 0.5%
2 香港 HK 中電控股 / CLP HOLDINGS 0.85 P - 2.5% P - 0.5%
3 香港 HK 香港中華煤氣 / HK and China Gas 0.85 P - 2.5% P - 0.5%
4 香港 HK 九龍倉集團 0.70 P - 2.5% P - 0.5%
5 香港 HK 滙豐控股 / HSBC HOLDING 0.80 P - 2.5% P - 0.5%
6 香港 HK 電能實業 / POWER ASSETS 0.85 P - 2.5% P - 0.5%
11 香港 HK 恒生銀行 / HANG SENG BANK 0.85 P - 2.5% P - 0.5%
12 香港 HK 恒基地產 / HENDERSON LAND 0.80 P - 2.5% P - 0.5%
16 香港 HK 新鴻基地產 / SHK PPT 0.80 P - 2.5% P - 0.5%
17 香港 HK 新世界發展 / NEW WORLD DEV 0.80 P - 2.5% P - 0.5%
19 香港 HK 太古股份公司Ａ/ SWIRE PACIFIC A 0.80 P - 2.5% P - 0.5%
23 香港 HK 東亞銀行 0.70 P - 2.5% P - 0.5%
27 香港 HK 銀河娛樂 / GALAXY ENT 0.80 P - 2.5% P - 0.5%
66 香港 HK 港鐵公司 / MTR CORPORATION 0.85 P - 2.5% P - 0.5%
83 香港 HK 信和置業 / SINO LAND 0.80 P - 2.5% P - 0.5%
101 香港 HK 恒隆地產 / HANG LUNG PPT 0.80 P - 2.5% P - 0.5%
135 香港 HK 昆侖能源 0.70 P - 2.5% P - 0.5%
144 香港 HK 招商局港口 0.80 P - 2.5% P - 0.5%
151 香港 HK 中國旺旺 / WANT WANT CH 0.80 P - 2.5% P - 0.5%
152 香港 HK 深圳國際 0.60 P - 2.5% P - 0.5%
165 香港 HK 中國光大控股 0.70 P - 2.5% P - 0.5%
175 香港 HK 吉利汽車 / GEELY AUTO 0.70 P - 2.5% P - 0.5%
241 香港 HK 阿里健康 0.30 P - 2.5% P - 0.5%
257 香港 HK 中國光大國際 0.70 P - 2.5% P - 0.5%
267 香港 HK 中信股份 / CITIC 0.80 P - 2.5% P - 0.5%
270 香港 HK 粵海投資 / GUANGDONG INV 0.80 P - 2.5% P - 0.5%
288 香港 HK 萬洲國際 / WH GROUP 0.70 P - 2.5% P - 0.5%
291 香港 HK 華潤啤酒 0.70 P - 2.5% P - 0.5%
293 香港 HK 國泰航空 0.80 P - 2.5% P - 0.5%
322 香港 HK 康師傅控股 0.70 P - 2.5% P - 0.5%
345 香港 HK VITASOY INT'L 0.60 P - 2.5% P - 0.5%
371 香港 HK 北控水務集團 0.70 P - 2.5% P - 0.5%
384 香港 HK 中國燃氣 / CHINA GAS HOLD 0.70 P - 2.5% P - 0.5%
386 香港 HK 中國石油化工股份 / SINOPEC CORP 0.80 P - 2.5% P - 0.5%
388 香港 HK 香港交易所 / HKEX 0.80 P - 2.5% P - 0.5%
392 香港 HK 北京控股 0.80 P - 2.5% P - 0.5%
425 香港 HK 敏實集團 0.50 P - 2.5% P - 0.5%
486 香港 HK 俄鋁 0.50 P - 2.5% P - 0.5%
489 香港 HK 東風集團股份 / DONGFENG GROUP 0.60 P - 2.5% P - 0.5%
586 香&#28207#28207; HK 海螺創業/ CONCH VENTURE 0.60 P - 2.5% P - 0.5%
656 香港 HK 復星國際 0.70 P - 2.5% P - 0.5%
659 香港 HK 新創建集團 0.70 P - 2.5% P - 0.5%
669 香港 HK 創科實業 / TECHTRONIC IND 0.80 P - 2.5% P - 0.5%
683 香港 HK 嘉里建設 0.70 P - 2.5% P - 0.5%
688 香港 HK 中國海外發展 / CHINA OVERSEAS 0.80 P - 2.5% P - 0.5%
700 香港 HK 騰訊控股 / TENCENT 0.80 P - 2.5% P - 0.5%
728 香港 HK 中國電信 / CHINA TELECOM 0.80 P - 2.5% P - 0.5%
753 香港 HK 中國國航 / AIR CHINA 0.60 P - 2.5% P - 0.5%
762 香港 HK 中國聯通 / CHINA UNICOM 0.80 P - 2.5% P - 0.5%
772 香港 HK 閱文集團 0.50 P - 2.5% P - 0.5%
788 香港 HK 中國鐵塔 / CHINA TOWER 0.70 P - 2.5% P - 0.5%
813 香港 HK 世茂房地產/ / SHIMA PROPERTY 0.50 P - 2.5% P - 0.5%
817 香港 HK 中國金茂 0.30 P - 2.5% P - 0.5%
823 香港 HK 領展房產基金 / LINK REIT 0.80 P - 2.5% P - 0.5%
836 香港 HK 華潤電力 0.70 P - 2.5% P - 0.5%
857 香港 HK 中國石油股份 / PETROCHINA 0.80 P - 2.5% P - 0.5%
868 香港 HK 信義玻璃 0.50 P - 2.5% P - 0.5%
880 香港 HK 澳博控股 0.70 P - 2.5% P - 0.5%
883 香港 HK 中國海洋石油 / CNOOC 0.80 P - 2.5% P - 0.5%
884 香港 HK 旭輝控股集團 0.20 P - 2.5% P - 0.5%
902 香港 HK 華能國際電力股份 / HUANENG POWER 0.65 P - 2.5% P - 0.5%
914 香港 HK 海螺水泥 / CONCH CEMENT 0.60 P - 2.5% P - 0.5%
939 香港 HK 建設銀行 / CCB 0.80 P - 2.5% P - 0.5%
941 香港 HK 中國移動 / CHINA MOBILE 0.85 P - 2.5% P - 0.5%
960 香港 HK 龍湖集團 0.40 P - 2.5% P - 0.5%
966 香港 HK 中國太平 0.70 P - 2.5% P - 0.5%
968 香港 HK 信義光能 0.50 P - 2.5% P - 0.5%
981 香港 HK 中芯國際 0.40 P - 2.5% P - 0.5%
992 香港 HK 聯想集團 0.70 P - 2.5% P - 0.5%
998 香港 HK 中信銀行 / CITIC BANK 0.70 P - 2.5% P - 0.5%
1038 香港 HK 長江基建集團 / CKI HOLDINGS 0.80 P - 2.5% P - 0.5%
1044 香港 HK 恒安國際 / HENGAN INT'L 0.80 P - 2.5% P - 0.5%
1066 香港 HK 威高股份 0.40 P - 2.5% P - 0.5%
1088 香港 HK 中國神華 / CHINA SHENHUA 0.80 P - 2.5% P - 0.5%
1093 香港 HK 石藥集團 / CSPC PHARMA 0.60 P - 2.5% P - 0.5%
1099 香港 HK 國藥控股 / SINOPHARM 0.65 P - 2.5% P - 0.5%
1109 香港 HK 華潤置地 / CHINA RES LAND 0.80 P - 2.5% P - 0.5%
1113 香港 HK 長實集團 / CK ASSET 0.80 P - 2.5% P - 0.5%
1114 香港 HK BRILLIANCE CHI 0.70 P - 2.5% P - 0.5%
1128 香港 HK 永&##21033;澳門 0.70 P - 2.5% P - 0.5%
1169 香港 HK 海爾電器 0.60 P - 2.5% P - 0.5%
1177 香港 HK 中國生物製藥 / SINO BIOPHARM 0.60 P - 2.5% P - 0.5%
1193 香港 HK 華潤燃氣 / CHINA RES GAS 0.60 P - 2.5% P - 0.5%
1199 香港 HK 中遠海運港口 0.70 P - 2.5% P - 0.5%
1211 香港 HK 比亞迪股份 / BYD COMPANY 0.60 P - 2.5% P - 0.5%
1288 香港 HK 農業銀行 / ABC 0.80 P - 2.5% P - 0.5%
1299 香港 HK 友邦保險 / AIA 0.80 P - 2.5% P - 0.5%
1313 香港 HK 華潤水泥控股 0.60 P - 2.5% P - 0.5%
1336 香港 HK 新華保險 0.65 P - 2.5% P - 0.5%
1339 香港 HK 中國人民保險集團 0.70 P - 2.5% P - 0.5%
1359 香港 HK 中國信達 / CHINA CINDA 0.70 P - 2.5% P - 0.5%
1378 香港 HK 中國宏橋 0.20 P - 2.5% P - 0.5%
1398 香港 HK 工商銀行 / ICBC 0.80 P - 2.5% P - 0.5%
1530 香港 HK 三生製藥 0.50 P - 2.5% P - 0.5%
1579 香港 HK 頤海國際 0.20 P - 2.5% P - 0.5%
1658 香港 HK 郵儲銀行 / PSBC 0.70 P - 2.5% P - 0.5%
1766 香港 HK 中國中車 0.70 P - 2.5% P - 0.5%
1776 香港 HK 廣發證券 / GF SEC 0.70 P - 2.5% P - 0.5%
1800 香港 HK 中國交通建設 0.70 P - 2.5% P - 0.5%
1810 香港 HK 小米集團－Ｗ 0.60 P - 2.5% P - 0.5%
1816 香港 HK 中廣核電力 / CGN POWER 0.70 P - 2.5% P - 0.5%
1833 香港 HK 平安好醫生 0.50 P - 2.5% P - 0.5%
1876 香港 HK 百威亞太 0.70 P - 2.5% P - 0.5%
1913 香港 HK 普拉達 0.50 P - 2.5% P - 0.5%
1918 香港 HK 融創中國 0.30 P - 2.5% P - 0.5%
1928 香港 HK 金沙中國有限公司 / SANDS CHINA LTD 0.80 P - 2.5% P - 0.5%
1929 香港 HK 周大福 0.70 P - 2.5% P - 0.5%
1972 香港 HK 太古地產 0.70 P - 2.5% P - 0.5%
1988 香港 HK 民生銀行 / MINSHENG BANK 0.40 P - 2.5% P - 0.5%
1997 香港 HK 九龍倉置業 / WHARF REIC 0.80 P - 2.5% P - 0.5%
2007 香港 HK 碧桂園 / COUNTRY GARDEN 0.50 P - 2.5% P - 0.5%
2018 香港 HK 瑞聲科技 / AAC TECH 0.50 P - 2.5% P - 0.5%
2020 香港 HK 安踏體育 0.50 P - 2.5% P - 0.5%
2202 香港 HK 萬科企業 / CHINA VANKE 0.50 P - 2.5% P - 0.5%
2238 香港 HK 廣汽集團 / GAC GROUP 0.60 P - 2.5% P - 0.5%
2269 香港 HK 藥明生物 0.40 P - 2.5% P - 0.5%
2282 香港 HK 美高梅中國 0.70 P - 2.5% P - 0.5%
2313 香港 HK 申洲國際 / SHENZHOU INT 0.60 P - 2.5% P - 0.5%
2318 香港 HK 中國平安 / SHENZHOU INTL 0.80 P - 2.5% P - 0.5%
2319 香港 HK 蒙牛乳業 / MENGNIU DAIRY 0.80 P - 2.5% P - 0.5%
2328 香港 HK 中國財險 / PICC P&C 0.65 P - 2.5% P - 0.5%
2331 香港 HK 李寧 0.40 P - 2.5% P - 0.5%
2333 香港 HK 長城汽車 / GREATWALL MOTOR 0.70 P - 2.5% P - 0.5%
2382 香港 HK 舜宇光學科技 / SUNNY OPTICAL 0.60 P - 2.5% P - 0.5%
2388 香港 HK 中銀香港 / BOC HONG KONG 0.80 P - 2.5% P - 0.5%
2601 香港 HK 中國太保 / CPIC 0.70 P - 2.5% P - 0.5%
2628 香港 HK 中國人壽 / CHINA LIFE 0.80 P - 2.5% P - 0.5%
2638 香港 HK 港燈－ＳＳ 0.80 P - 2.5% P - 0.5%
2688 香港 HK 新奧能源 0.70 P - 2.5% P - 0.5%
2689 香港 HK 玖龍紙業 0.60 P - 2.5% P - 0.5%
2800 香港 HK 盈富基金 / TRACKER FUND 0.80 P - 2.5% P - 0.5%
2822 香港 HK 南方Ａ５０/ CSOP A50 ETF 0.80 P - 2.5% P - 0.5%
2823 香港 HK 安碩Ａ５０/ ISHARES A50 0.80 P - 2.5% P - 0.5%
2828 香港 HK 恒生中國企業 / HSCEI ETF 0.80 P - 2.5% P - 0.5%
3188 香港 HK 華夏滬深三百 / CAM CSI300 0.80 P - 2.5% P - 0.5%
3320 香港 HK 華潤醫藥 0.60 P - 2.5% P - 0.5%
3323 香港 HK 中國建材 0.65 P - 2.5% P - 0.5%
3328 香港 HK 交通銀行 / BANKCOMM 0.80 P - 2.5% P - 0.5%
3333 香港 HK 中國恒大 0.30 P - 2.5% P - 0.5%
3380 香港 HK 龍光地產 0.30 P - 2.5% P - 0.5%
3383 香港 HK 雅居樂集團 0.30 P - 2.5% P - 0.5%
3690 香港 HK 美團點評－Ｗ 0.40 P - 2.5% P - 0.5%
3692 香港 HK 翰森製藥 0.50 P - 2.5% P - 0.5%
3799 香港 HK 達利食品 0.30 P - 2.5% P - 0.5%
3968 香港 HK 招商銀行 / CM BANK 0.70 P - 2.5% P - 0.5%
3988 香港 HK 中國銀行 / BANK OF CHINA 0.80 P - 2.5% P - 0.5%
6030 香港 HK 中信證券 / CITIC SEC 0.70 P - 2.5% P - 0.5%
6060 香港 HK 眾安線上 / ZA ONLINE 0.60 P - 2.5% P - 0.5%
6098 香港 HK 碧桂園服務 0.40 P - 2.5% P - 0.5%
6186 香港 HK 中國飛鶴 0.30 P - 2.5% P - 0.5%
6808 香港 HK 高鑫零售 0.50 P - 2.5% P - 0.5%
6823 香港 HK 香港電訊－ＳＳ 0.70 P - 2.5% P - 0.5%
6837 香港 HK 海通證券 0.70 P - 2.5% P - 0.5%
6862 香港 HK 海底撈 0.40 P - 2.5% P - 0.5%
6886 香港 HK HTSC 0.70 P - 2.5% P - 0.5%
9618 香港 HK 京東－ＳＷ / JD-SW 0.70 P - 2.5% P - 0.5%
9988 香港 HK 阿里巴巴－ＳＷ / BABA-SW 0.80 P - 2.5% P - 0.5%
9999 香港 HK 網易－Ｓ / NTES-S 0.70 P - 2.5% P - 0.5%
600000 中國 CN 浦發銀行 0.7 P - 2.5% P - 0.5%
600016 中國 CN 民生銀行 0.6 P - 2.5% P - 0.5%
600028 中國 CN 中國石化 0.7 P - 2.5% P - 0.5%
600030 中國 CN 中信證券 0.6 P - 2.5% P - 0.5%
600036 中國 CN 招商銀行 0.7 P - 2.5% P - 0.5%
600048 中國 CN 保利地產 0.5 P - 2.5% P - 0.5%
600104 中國 CN 上汽集團 0.6 P - 2.5% P - 0.5%
600276 中國 CN 恒瑞醫藥 0.5 P - 2.5% P - 0.5%
600519 中國 CN 貴州茅臺 0.7 P - 2.5% P - 0.5%
600585 中國 CN 海螺水泥 0.6 P - 2.5% P - 0.5%
601088 中國 CN 中國神華 0.7 P - 2.5% P - 0.5%
601166 中國 CN 興業銀行 0.7 P - 2.5% P - 0.5%
601288 中國 CN 農業銀行 0.6 P - 2.5% P - 0.5%
601318 中國 CN 中國平安 0.8 P - 2.5% P - 0.5%
601328 中國 CN 交通銀行 0.7 P - 2.5% P - 0.5%
601398 中國 CN 工商銀行 0.8 P - 2.5% P - 0.5%
601628 中國 CN 中國人壽 0.7 P - 2.5% P - 0.5%
601668 中國 CN 中國建築 0.6 P - 2.5% P - 0.5%
601857 中國 CN 中國石油 0.6 P - 2.5% P - 0.5%
601988 中國 CN 中國銀行 0.7 P - 2.5% P - 0.5%

 

 

Please see footnote 1 and 2.

Margin rate of other currencies : http://www.poems.com.hk/zh-hk/product-and-service/grade-based-margin/#Intro

The customer's total loan interest is calculated in tier rate according to the market value of collateral. Interest is calculated from the lowest interest rate level. Example: A client borrows HK$110,000, and the investment portfolio is as follows. Based on the "Grade-based margin" rate, the customer's daily interest is approximately HK$11.58, with an average annual interest rate of 3.84%.

 

股票名稱Stock Name

 代號Code 市值Market Value

融資(孖展)比率

Margin Ratio

融資(孖展)金額

Margin Value

  
長和 CKH Holdings #00001 250,000 0.8 200,000
電能實業 Power Assets #00006 80,000 0.85 68,000
  融資(孖展)總額Total  Margin Value 268,000

分層融資利率

Grade-based Margin Rate

按分層融資利率計算每日利息

Daily Interest
首$5萬貸款金額first HKD 50,000 loan 50,000 P - 2.5% 3.77
餘下港幣貸款金額 Remaining Loan amt. 60,000 P - 0.5% 7.81
貸款總額 Total Loan 110,000 total interest amt. 11.58

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2:：The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%。

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being ”credited”.

Examples

 

Interest is calculated on outstanding of clients' account and on daily basis. Example of Interest Calculation:

 

 

Case 1:
Outstanding < Grade 1 Stock Margin Value
Stock Market Value Margin Ratio Margin Value Total Outstanding
Grade 1 Stock HK$ 125,000 0.8 HK$ 100,000 HK$ 80,000

 

case 1


 

 

Case 2:
Outstanding>Grade 1 Stock Margin Value
Stock Market Value Margin Ratio Margin Value Total Outstanding
Grade 1 Stock HK$ 162,500 0.8 HK$ 130,000 HK$ 150,000
Other Stocks HK$ 120,000 0.5 HK$ 60,000

 

case 2

 

Case 3:
Outstanding>Total Margin Value;  Margin Call
Stock Stock Value Margin Ratio Margin Value  Outstanding
Grade 1 Stock HK$ 375,000 0.8 HK$ 300,000 HK$ 500,000
Other Stocks HK$ 375,000 0.4 HK$ 150,000
    Total: HK$ 450,000 HK$ 500,000
case 3

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2:：The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%。

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being ”credited”.

FAQ

1. What is Grade-based margin interest plan?

Please refer to the introduction page of Grade-based Margin Interest Plan.
>The grade- based margin interest rate is adjusted and based on the Prime Rate of Standard Chartered Bank from time to time. For CNY and USD Margin Interest, pleaseclick here

2. The detail of Grade-based margin interest plan

Please refer to the introduction page of Grade-based Margin Interest Plan.
The grade- based margin interest rate is adjusted and based on the Prime Rate of Standard Chartered Bank from time to time.

3. Terms and Conditions of Grade-based Margin Interest Plan：

    1. The promotion applies to all new margin client.
    2. For blue chips / Grade 1 stock list，the annual interest rate is 2.75% (P-2.5%) for the first HKD 50,000 financing.
    3. The annual interest rate for financing HKD 50,000 above is 4.75% (P-0.5%)。

 

Click here for details of Grade-based Margin Interest Plan

*The grade-based margin interest rate is adjusted and is based on the HKD Prime Rate of Standard Chartered Bank from time to time.

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Investment involves risks. Please refer to the Risk Disclosures Statement on our website at www.poems.com.hk.
You may contact our Customer Service Department at cs@phillip.com.hk or 2277 6555 to opt out of receiving marketing materials.

4. How to apply Grade-based margin interest plan instead of standard rate margin financing?

Grade-based margin interest plan applies to all new margin accounts. Existing margin clients could apply the plan through their account executives or Customer Service Department, and do confirmation via POEMS pop-message after the application is approved.

5. How does a client know that the application of Grade-based margin interest plan is approved?

Client will receive confirmation pop-up message while log in in online trading platform POEMS if their application of Grade-based margin interest plan is approved. Please contact Customer Service Department if there is no confirmation.

6. How to check Grade 1 stock list?

Please check Grade 1 Stock list in POEMS website and it would be updated from time to time.

7. How to presume accrual interest before choosing any margin financing plan?

Please check accrual interest with your portfolio details by utilizing the calculator provided.

8. If the stock held by the client is suspended, how would the stock value be calculated?

If the stock is suspended, the stock will have no market value. There would be a margin call for deposit.

9. If outstanding excess loan limit, is there any margin call?

No, margin call would occur only if outstanding excess margin value.

10.What kind of client is suitable for Grade-based margin interest plan ？

The plan is suitable for client holding blue-chips portfolio and one's Phillip account with no margin call.

11. Do both parties of joint account need to sign on opt-in form for joining Grade-based margin interest plan?

Yes, both parties of joint account need to sign on opt-in form for joining Grade-based margin interest plan.

12. Could authorized person represent their own client to sign opt-in form to go for Grade-based margin interest plan?

No, the opt-in form must be signed by client.

13. Would Grade-based margin interest plan affect the purchase power of client?

No.

14. How to check the blend interest rate of one's account on the day?

Interest rate would be shown in the end of the month in monthly e-statement.

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2:：The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%。

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being ”credited”.

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倉底當錢使，不入金也可抽新股。

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2:：The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%。

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being ”credited”.

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