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Short Term Financing

Short Term Financing

A financing facility that allows clients to extend their settlement period for up to 10 days.

Overview


Improve your trading flexibility with extended settlement period of up to 10 days

How It Works

Extend contra period for up to 10 days at no interest or contra charges.


Short Term Financing provides the possibility to heighten your investment goals and plans, depending on your cash and share balance.

The amount of leverage is: 

Types of CollateralTrading facility
Cash Up to 2.5X
Shares* Up to 1.5X, net all fee and charges

* Subject to Bank's internal price capping and acceptable collateral from time to time.

  • The trading limit shall be made available at 166.67% margin position.
  • A margin call level is at 150%.
  • If the value of your shares equity falls below 130%, the company will liquidate your position to raise the margin position to at least 150%.
  • In the event of an outstanding position after T + 10, force selling will be executed on all outstanding positions on T + 11.

Transaction Costs


Brokerage

  • Transaction value of less than or equal to RM100,000 = 0.6%
  • Transaction value of greater than RM100,000 = 0.3%

Charges for contra within T+10

  • No contra and finance charges will be imposed

Charges incurred for shares picked up within T+10

  • Between T to T+3, no charges will be imposed
  • Between T+4 to T+10, a levy of 0.3% will be charged

Charges for losses incurred

  • BLR +2% for the outstanding losses

Eligibility and Terms of Application


You must hold a normal trading account with Maybank Investment Bank Berhad, and the following documents:

  • Standard Trading Application Form
  • Two photocopies of NRIC / passport
  • A copy of the latest annual income statement / latest 3 months’ salary slips / Form BE / Form EA
  • Latest 3 months’ bank statements

The Short-Term Financing facility will be operated according to the supplementary terms and conditions apart from the normal trading terms and conditions.

Click here to view our terms and conditions.

Mobile Trade


What's more, enjoy complimentary access to Maybank Trade App and be one control of your investment while on the move.

 

    

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