How much can I borrow for the RHB Share Margin Financing Exclusive?
Compared to the Classic package, this share margin option has a higher minimum borrowing amount of RM100000, while still maintaining a finance margin of 60% against your deposited equity.
A representative from the bank will ring you up to request a re-balance of the borrowing ratio within three market days by either increasing your security or simply repay your loan, in the event that you have reached the margin call threshold at 67%.
Do I get to choose my own remisier?
Yes, that would be allowed, but only if the broker of your choice is attached with RHB Investment Bank.
What does RHB accept as collateral?
RHB Bank accepts collateral in the form of:
| Collateral | Leverage |
| cash |
2.5 times |
|
fixed deposit |
2.5 times |
|
listed shares |
1.5 times |
If you're concerned about the shares that you've pledged - worry no longer, as you will still receive dividends on the shares that you've tucked away into the share margin account
What kind of shares can I invest in?
Both pledged and financed securities has to be made up of one or more securities from the securities which are part of FTSE Bursa Malaysia Top 100 index
How do I pay my interest fees?
As long as your desired margin of excess cash does not go above the margin call threshold, you will have the option to consolidate all your monthly interest charges and include them into your principal loan amount.
What documents do I need?
Here are the documents you will need.
Individual:
- Photocopy of NRIC or Passport
- latest Form B /BE /EA ; or
- latest 3 months salary slips; or
- latest 3 months bank statements reflecting monthly salary crediting, active transactions and healthy balance; or
- Latest CDS statement from Bursa Malaysia or shares Statement from financier / stockbroker
Photocopy of proof of income as follows:
Corporation:
- CTC Form 9,24,44,49, M & A
- Last 2 years audited accounts
- Latest 3 months bank statements
- Complete and sign Guarantor's Particular Form for all directors
- latest Form B /BE /EA ; or
- latest 3 months salary slips; or
- latest 3 months bank statements reflecting monthly salary crediting, active transactions and healthy balance; or
- Latest CDS statement from Bursa Malaysia or shares Statement from financier / stockbroker
Photocopy of proof of income of guarantor as follows: