Introduction
Grade-Based Margin 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.

More Grade 1 stock in securities portfolio , lower interest rate it is. ! The calculation of interest rate is as follows:

 

int-table

Grade 1 Stock list

 

Cat in Maze, TVC of margin financing service, Phillip HK, 2024
YouTube video(Mandarin)

 

WeiBo video(Mandarin)

 

Table Footnotes:

P refers to the Prime rate of Standard Chartered Bank.

Other stock refers to all stocks that are not in Grade 1 Stock List.

Call for Deposit interest rate for Chinese Yuan Renminbi (CNY) is 7.375% (P+1.25%) p.a.
Call for Deposit interest rate for Hong Kong Dollar (HKD) is 14.625% (P+8.500%) p.a.
Call for Deposit interest rate for United States Dollar (USD) is 11.125% (P+5%) p.a.

For introduction and margin cost calculation, please click Graded-based Margin GOr margin rates of other currencies, please visit Margin Rates

 

 

 

 

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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