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:
* Subject to Bank's internal price capping and acceptable collateral from time to timeTypes of Collateral Trading facility Cash Up to 2.5X Shares* Up to 1.5X, net all fee and charges - 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.
Next steps
Global Trading FAQ's
View the Global Trading Frequently Asked Questions (FAQ's) here
Contact us
Drop us a note and we'll get back to you soon or Got a question? Call our Customer Service Helpdesk at 1300-88-6688, anytime, any day or Find your nearest EIC here
How much are you worth?
Take a snapshot of your current financial situation with our net worth calculator >