What is the minimum I can borrow from KAF Investment Bank?
Like most share margin financing options, applications are only considered if you wish to borrow RM50000 and above, and you'll need to maintain a ratio of 70% of borrowing on your margin account.
The bank will warn you of a margin call if ever you exceed the 70% margin on your borrowings, where you are required to top-up the margin account with additional securities.
What kind of collateral will be accepted?
There are two types of collateral that is acceptable by the bank:
Am I allowed to appoint my own remisier?
Of course you can. Bear in mind that you will not be able to carry out online trading using KAF Investment Bank Share Margin Financing.
Can I withdraw cash against the margin account?
Yes, but only upon request. Your remisier can help to fill in your request form. Remember, you can only withdraw cash as long as your outstanding balance does not exceed the margin call threshold of 60%.
Who is eligible to apply for KAF Investment Bank Share Margin Financing?
Well, you must be at least 21 years old for your application to be considered. Foreigners, such as Singaporeans, can also apply.
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