Grade Based Margin

Introduction

 

Interest rate and the interest calculation in Grade-Based Margin financing is based on the stock ranking. There are 3 layers of outstanding based on stock quality and margin value* in Grade-Based Margin financing.

Higher proportion of blue chips in securities portfolio , lower interest rate it is. It is as low as 2.75% ! The calculation of interest rate is as follows:

 

int-table

 

 

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2::The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%。

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being ”credited”.

代號 Stock Code 名稱 Stock Name 按揭比率 Margin Ratio 代號 Stock Code 名稱 Stock Name 按揭比率 Margin Ratio
1 長和 / CKH HOLDINGS 0.8 1177 中國生物製藥 / SINO BIOPHARM 0.6
2 中電控股 / CLP HOLDINGS 0.85 1193 華潤燃氣 / CHINA RES GAS 0.6
3 香港中華煤氣 / HK and China Gas 0.85 1211 比亞迪股份 / BYD COMPANY 0.6
5 匯豐控股 / HSBC HOLDING 0.8 1288 農業銀行 / ABC 0.8
6 電能實業 / POWER ASSETS 0.85 1299 友邦保險 / AIA 0.8
11 恒生銀行 / HANG SENG BANK 0.85 1336 新華保險 / NCI 0.65
12 恒基地產 / HENDERSON LAND 0.8 1339 中國人民保險集團 / PICC GROUP 0.7
16 新鴻基地產 / SHK PPT 0.8 1359 中國信達 / CHINA CINDA 0.7
17 新世界發展 / NEW WORLD DEV 0.8 1398 工商銀行 / ICBC 0.8
19 太古股份公司A/ SWIRE PACIFIC A 0.8 1658 郵儲銀行 / PSBC 0.7
27 銀河娛樂 / GALAXY ENT 0.8 1766 中國中車 / CRRC 0.7
66 港鐵公司 / MTR CORPORATION 0.85 1776 廣發証券 / GF SEC 0.7
83 信和置業 / SINO LAND 0.8 1800 中國交通建設 / CHINA COMM CONS 0.7
101 恒隆地產 / HANG LUNG PPT 0.8 1816 中廣核電力 / CGN POWER 0.7
151 中國旺旺 / WANT WANT CH 0.8 1928 金沙中國有限公司 / SANDS CHINA LTD 0.8
175 吉利汽車 / GEELY AUTO 0.7 1988 民生銀行 / MINSHENG BANK 0.4
267 中信股份 / CITIC 0.8 1997 九龍倉置業 / WHARF REIC 0.8
270 粵海投資 / GUANGDONG INV 0.8 2007 碧桂園 / COUNTRY GARDEN 0.3
288 萬洲國際 / WH GROUP 0.7 2018 瑞聲科技 / AAC TECH 0.5
384 中國燃氣 / CHINA GAS HOLD 0.7 2202 萬科企業 / CHINA VANKE 0.5
386 中國石油化工股份 / SINOPEC CORP 0.8 2238 廣汽集團 / GAC GROUP 0.6
388 香港交易所 / HKEX 0.8 2313 申洲國際 / SHENZHOU INT 0.6
489 東風集團股份 / DONGFENG GROUP 0.6 2318 中國平安 / SHENZHOU INTL 0.8
688 中國海外發展 / CHINA OVERSEAS 0.8 2319 蒙牛乳業 / MENGNIU DAIRY 0.8
669 創科實業 / TECHTRONIC IND 0.8 2328 中國財險 / PICC P&C 0.65
700 騰訊控股 / TENCENT 0.8 2333 長城汽車 / GREATWALL MOTOR 0.7
728 中國電信 / CHINA TELECOM 0.8 2382 舜宇光學科技 / SUNNY OPTICAL 0.6
753 中國國航 / AIR CHINA 0.6 2388 中銀香港 / BOC HONG KONG 0.8
762 中國聯通 / CHINA UNICOM 0.8 2601 中國太保 / CPIC 0.7
788 中國鐵塔 / CHINA TOWER 0.7 2628 中國人壽 / CHINA LIFE 0.8
823 領展房產基金 / LINK REIT 0.8 2799 中國華融 / CHINA HUARONG 0.2
857 中國石油股份 / PETROCHINA 0.8 2800 盈富基金 / TRACKER FUND 0.8
883 中國海洋石油 / CNOOC 0.8 2822 南方A50/ CSOP A50 ETF 0.8
902 華能國際電力股份 / HUANENG POWER 0.65 2823 安碩A50/ ISHARES A50 0.8
914 海螺水泥 / CONCH CEMENT 0.6 2828 恒生中國企業 / HSCEI ETF 0.8
939 建設銀行 / CCB 0.8 3188 華夏滬深三百 / CAM CSI300 0.8
941 中國移動 / CHINA MOBILE 0.85 3328 交通銀行 / BANKCOMM 0.8
998 中信銀行 / CITIC BANK 0.7 3968 招商銀行 / CM BANK 0.7
1038 長江基建集團 / CKI HOLDINGS 0.8 3988 中國銀行 / BANK OF CHINA 0.8
1044 恒安國際 / HENGAN INT'L 0.8 6030 中信証券 / CITIC SEC 0.7
1088 中國神華 / CHINA SHENHUA 0.8 6060 眾安在綫 / ZA ONLINE 0.6
1093 石藥集團 / CSPC PHARMA 0.6 6837 海通證券 / HAITONG SEC 0.7
1099 國藥控股 / SINOPHARM 0.65 6886 HTSC 0.7
1109 華潤置地 / CHINA RES LAND 0.8 9988 阿里巴巴-SW / BABA-SW 0.8
1113 長實集團 / CK ASSET 0.8      

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2::The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%。

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being ”credited”.

Examples

 

Interest is calculated on outstanding of clients' account and on daily basis. Example of Interest Calculation:

 

 

Case 1:
Outstanding < Grade 1 Stock Margin Value
Stock Market Value Margin Ratio Margin Value Total Outstanding
Grade 1 Stock HK$ 125,000 0.8 HK$ 100,000 HK$ 80,000

 

case 1


 

 

Case 2:
Outstanding>Grade 1 Stock Margin Value
Stock Market Value Margin Ratio Margin Value Total Outstanding
Grade 1 Stock HK$ 162,500 0.8 HK$ 130,000 HK$ 150,000
Other Stocks HK$ 120,000 0.5 HK$ 60,000

 

case 2

 

Case 3:
Outstanding>Total Margin Value;  Margin Call
Stock Stock Value Margin Ratio Margin Value  Outstanding
Grade 1 Stock HK$ 375,000 0.8 HK$ 300,000 HK$ 500,000
Other Stocks HK$ 375,000 0.4 HK$ 150,000
    Total: HK$ 450,000 HK$ 500,000
case 3

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2::The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%。

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being ”credited”.

FAQ

1. What is Grade-based margin interest plan?

Please refer to the introduction page of Grade-based Margin Interest Plan.
>The grade- based margin interest rate is adjusted and based on the Prime Rate of Standard Chartered Bank from time to time. For CNY and USD Margin Interest, pleaseclick here

2. The detail of Grade-based margin interest plan

Please refer to the introduction page of Grade-based Margin Interest Plan.
The grade- based margin interest rate is adjusted and based on the Prime Rate of Standard Chartered Bank from time to time.

3. Terms and Conditions of Grade-based Margin Interest Plan:

    1. The promotion applies to all new margin client.
    2. For blue chips / Grade 1 stock list,the annual interest rate is 2.75% (P-2.5%) for the first HKD 50,000 financing.
    3. The annual interest rate for financing HKD 50,000 above is 4.75% (P-0.5%)。

 

Click here for details of Grade-based Margin Interest Plan

*The grade-based margin interest rate is adjusted and is based on the HKD Prime Rate of Standard Chartered Bank from time to time.

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Investment involves risks. Please refer to the Risk Disclosures Statement on our website at www.poems.com.hk.
You may contact our Customer Service Department at cs@phillip.com.hk or 2277 6555 to opt out of receiving marketing materials.

4. How to apply Grade-based margin interest plan instead of standard rate margin financing?

Grade-based margin interest plan applies to all new margin accounts. Existing margin clients could apply the plan through their account executives or Customer Service Department, and do confirmation via POEMS pop-message after the application is approved.

5. How does a client know that the application of Grade-based margin interest plan is approved?

Client will receive confirmation pop-up message while log in in online trading platform POEMS if their application of Grade-based margin interest plan is approved. Please contact Customer Service Department if there is no confirmation.

6. How to check Grade 1 stock list?

Please check Grade 1 Stock list in POEMS website and it would be updated from time to time.
代号 Stock Code 名称 Stock Name 按揭比率 Margin Ratio 代号 Stock Code 名称 Stock Name 按揭比率 Margin Ratio
1 长和 / CKH HOLDINGS 0.8 1177 中国生物制药 / SINO BIOPHARM 0.6
2 中电控股 / CLP HOLDINGS 0.85 1193 华润燃气 / CHINA RES GAS 0.6
3 香港中华煤气 / HK and China Gas 0.85 1211 比亚迪股份 / BYD COMPANY 0.6
5 汇丰控股 / HSBC HOLDING 0.8 1288 农业银行 / ABC 0.8
6 电能实业 / POWER ASSETS 0.85 1299 友邦保险 / AIA 0.8
11 恒生银行 / HANG SENG BANK 0.85 1336 新华保险 / NCI 0.65
12 恒基地产 / HENDERSON LAND 0.8 1339 中国人民保险集团 / PICC GROUP 0.7
16 新鸿基地产 / SHK PPT 0.8 1359 中国信达 / CHINA CINDA 0.7
17 新世界发展 / NEW WORLD DEV 0.8 1398 工商银行 / ICBC 0.8
19 太古股份公司A/ SWIRE PACIFIC A 0.8 1658 邮储银行 / PSBC 0.7
27 银河娱乐 / GALAXY ENT 0.8 1766 中国中车 / CRRC 0.7
66 港铁公司 / MTR CORPORATION 0.85 1776 广发证券 / GF SEC 0.7
83 信和置业 / SINO LAND 0.8 1800 中国交通建设 / CHINA COMM CONS 0.7
101 恒隆地产 / HANG LUNG PPT 0.8 1816 中广核电力 / CGN POWER 0.7
151 中国旺旺 / WANT WANT CH 0.8 1928 金沙中国有限公司 / SANDS CHINA LTD 0.8
175 吉利汽车 / GEELY AUTO 0.7 1988 民生银行 / MINSHENG BANK 0.4
267 中信股份 / CITIC 0.8 1997 九龙仓置业 / WHARF REIC 0.8
270 粤海投资 / GUANGDONG INV 0.8 2007 碧桂园 / COUNTRY GARDEN 0.3
288 万洲国际 / WH GROUP 0.7 2018 瑞声科技 / AAC TECH 0.5
384 中国燃气 / CHINA GAS HOLD 0.7 2202 万科企业 / CHINA VANKE 0.5
386 中国石油化工股份 / SINOPEC CORP 0.8 2238 广汽集团 / GAC GROUP 0.6
388 香港交易所 / HKEX 0.8 2313 申洲国际 / SHENZHOU INT 0.6
489 东风集团股份 / DONGFENG GROUP 0.6 2318 中国平安 / SHENZHOU INTL 0.8
688 中国海外发展 / CHINA OVERSEAS 0.8 2319 蒙牛乳业 / MENGNIU DAIRY 0.8
669 创科实业 / TECHTRONIC IND 0.8 2328 中国财险 / PICC P&C 0.65
700 腾讯控股 / TENCENT 0.8 2333 长城汽车 / GREATWALL MOTOR 0.7
728 中国电信 / CHINA TELECOM 0.8 2382 舜宇光学科技 / SUNNY OPTICAL 0.6
753 中国国航 / AIR CHINA 0.6 2388 中银香港 / BOC HONG KONG 0.8
762 中国联通 / CHINA UNICOM 0.8 2601 中国太保 / CPIC 0.7
788 中国铁塔 / CHINA TOWER 0.7 2628 中国人寿 / CHINA LIFE 0.8
823 领展房产基金 / LINK REIT 0.8 2799 中国华融 / CHINA HUARONG 0.2
857 中国石油股份 / PETROCHINA 0.8 2800 盈富基金 / TRACKER FUND 0.8
883 中国海洋石油 / CNOOC 0.8 2822 南方A50/ CSOP A50 ETF 0.8
902 华能国际电力股份 / HUANENG POWER 0.65 2823 安硕A50/ ISHARES A50 0.8
914 海螺水泥 / CONCH CEMENT 0.6 2828 恒生中国企业 / HSCEI ETF 0.8
939 建设银行 / CCB 0.8 3188 华夏沪深三百 / CAM CSI300 0.8
941 中国移动 / CHINA MOBILE 0.85 3328 交通银行 / BANKCOMM 0.8
998 中信银行 / CITIC BANK 0.7 3968 招商银行 / CM BANK 0.7
1038 长江基建集团 / CKI HOLDINGS 0.8 3988 中国银行 / BANK OF CHINA 0.8
1044 恒安国际 / HENGAN INT'L 0.8 6030 中信证券 / CITIC SEC 0.7
1088 中国神华 / CHINA SHENHUA 0.8 6060 众安在线 / ZA ONLINE 0.6
1093 石药集团 / CSPC PHARMA 0.6 6837 海通证券 / HAITONG SEC 0.7
1099 国药控股 / SINOPHARM 0.65 6886 HTSC 0.7
1109 华润置地 / CHINA RES LAND 0.8 9988 阿里巴巴-SW / BABA-SW 0.8
1113 长实集团 / CK ASSET 0.8      

7. How to presume accrual interest before choosing any margin financing plan?

Please check accrual interest with your portfolio details by utilizing the calculator provided.

8. If the stock held by the client is suspended, how would the stock value be calculated?

If the stock is suspended, the stock will have no market value. There would be a margin call for deposit.

9. If outstanding excess loan limit, is there any margin call?

No, margin call would occur only if outstanding excess margin value.

10.What kind of client is suitable for Grade-based margin interest plan ?

The plan is suitable for client holding blue-chips portfolio and one's Phillip account with no margin call.

11. Do both parties of joint account need to sign on opt-in form for joining Grade-based margin interest plan?

Yes, both parties of joint account need to sign on opt-in form for joining Grade-based margin interest plan.

12. Could authorized person represent their own client to sign opt-in form to go for Grade-based margin interest plan?

No, the opt-in form must be signed by client.

13. Would Grade-based margin interest plan affect the purchase power of client?

No.

14. How to check the blend interest rate of one's account on the day?

Interest rate would be shown in the end of the month in monthly e-statement.

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2::The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%。

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being ”credited”.

"

Click in for calculator

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2::The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%。

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being ”credited”.

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