News

27 Feburary 2025

Launch of Margin financing services for Singapore stock market, and the update of the SGD Margin Interest rate and Overdue Interest rate

 Dear Valued Customers,

 

Launch of Margin financing services for Singapore stock market, and the update of the SGD Margin Interest rate and Overdue Interest rate

With effect from 10 March 2025, CITIC Securities Brokerage (Hong Kong) Limited ("CSBHK") will launch margin financing services for the Singapore stock market, aiming to assist our customers in seizing investment opportunities. Customers can borrow funds for investment by using their holdings of Singapore market securities as collateral, gain greater leverage and enhance investment flexibility.

 

Starting from the launch date, the Singapore dollar margin interest rate* will be 1MSORA + 3% per annum. This new rate will apply to all margin financing transactions involving Singapore dollar currency. Additionally, the Singapore dollar overdue settlement interest rate* will be 1MSORA + 6% per annum, applicable to any outstanding balance that remains unpaid beyond the specified settlement deadline.

To avoid incurring overdue settlement interest charges, we recommend that customers prepare sufficient currency in advance to support their transactions.

If you are interested in applying for the Singapore stock market service or if you have any questions or require further clarification regarding these updates, please feel free to contact your dedicated account manager or our customer service hotline at 2237 9338 / (86) 400 818 0338.

 

Yours sincerely,

CITIC Securities Brokerage (Hong Kong) Limited

 

 

 

*Note: CSBHK reserves the rights to adjust charges above without prior notice. Please refer to the latest service charges listed on our official website.