Margin Financing Services in the Japanese and Singapore Stock Market

Frequently asked questions about Margin Financing Services in the Japanese and Singapore Stock Market

1. Q: What is the interest rate for margin financing services in the Japanese and Singapore stock markets?

A: For Japanese stock market margin financing services: The margin financing interest rate is 3.5% p.a., which applies to all margin financing transactions involving Japanese yen. The cash account overdue settlement interest rate is 8% p.a., applicable to any outstanding balance that remains unpaid beyond the specified settlement deadline.

For Singapore stock market margin financing services: The Singapore dollar margin interest rate is 1MSORA + 3% p.a., this rate will apply to all margin financing transactions involving Singapore dollar. Singapore dollar overdue settlement interest rate is 1MSORA + 6% p.a., applicable to any outstanding balance that remains unpaid beyond the specified settlement deadline.

Please note that CSBHK reserves the right to adjust interest rates without prior notice. Please refer to the latest service charges posted on our official website (click here for details).

2. Q: How can I check the Japanese and Singapore stock margin financing list?

A: Since we regularly review and update our stock margin financing list, please contact your account manager or call our customer service hotline to inquire about the latest information.

Customer service hotline: 400-818-0338 or 2237-9338 (Monday to Friday, 9:00 AM to 6:00 PM, excluding public holidays).

3. Q: How can I exchange Japanese yen/Singapore dollars? Is the exchange completed on the same day?

A: Clients can apply for currency exchange for Japanese yen and Singapore dollars online through our mobile app, "XeT International." Generally, for instructions submitted before 3:00 PM on a business day, the exchange settlement date will be T+1, meaning the next business day. For instructions submitted after 3:00 PM on a business day, the settlement date will be T+2, which is the second business day after submission. (You may check the "Help" page under Currency Exchange in our "XeT International" app for more information on online currency exchange.)

If needed, you can also contact your account manager or call the customer service hotline for manual processing. The cut-off time for accepting manual exchange instructions is 12:00 PM on business days, and the exchange settlement date will be the second business day following the application for exchange.

4. Q: If I apply for Japanese yen/Singapore dollars exchange on T+1 after buying Japanese/Singapore stocks, can I meet the T+2 settlement deadline without incurring interest?

A: Even if you apply for currency exchange for Japanese yen/Singapore dollars on T+1, it is possible that due to holiday trading arrangements in related markets, the T+2 settlement deadline may not be met, resulting in interest charges. Below are three scenarios for your reference; however, these examples may not cover all possible situations. Investors should pay attention to currency exchange and settlement arrangements on their own.