Short-Term Financing is a financing facility that allows clients to extend their settlement period for up to 10 days. The normal settlement period for investing in shares is 3 days. Depending on the clients' cash and share balance, which act as collaterals for the facility, Short-Term Financing provides the possibility to heighten investing goals and plans.

Features

  • Maybank Investment Bank Berhad provides short-term financing based on your cash and share balance which will act as collaterals for the facility
  • The amount of leverage is:
    Types of Collateral
    Trading 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%

Outstanding position after T+10

In the event of an outstanding position after T + 10, force selling will be executed on all outstanding positions on T + 11

 

What You Gain

  • Extend contra period for up to 10 days
  • No interest or contra charges

 

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

 

Opening of Trading Account

Required 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.

Eligibility

Those with a normal trading account with Maybank Investment Bank Berhad

 

Terms and Conditions

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.

To learn more, please click here.

 

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