I'd like to invest, how much money can AmInvestment Bank provide?
Choose AmInvestment Bank Share Margin Financing and you'll be given a 50% to 60% financing margin, depending on the amount borrowed. There is no minimum amount that you can borrow, but of course, it should be a sensible amount!
A margin call will be initiated once your borrowing margin goes over 60%, giving you a maximum of three days to restructure your account with additional collateral.
What kind of collateral will be accepted?
AmInvestment Bank will allow for two types of collateral:
|Cash||1 - 2 times|
The bank does not accept fixed deposits at the moment.
Will I be able to appoint my own remisier?
Yes, you will be able to do so. If you do not have one at time of application, the bank will gladly have that sorted out for you.
Can I withdraw cash against the margin account?
No, you will be unable to do so for this margin account.
Who is eligible?
Well, you must be at least 21 years old for your application to be considered. This share margin package is not just for locals, as foreigners such as Singaporeans can apply, but at the bank's discretion.
What documents must I bring along?
You will need the following:
- Latest 3 months' payslip
- Latest Form J
- Latest 3 months' bank statement
- Any other supporting income documents