How much can I borrow by using UOB Kay Hian Share Margin Financing?
The minimum and maximum that you can borrow will be at the discretion of the UOB's management. The amount of your borrowings should not be more than 60% of your pledged collateral, going over than ratio by 7% would mean you will be greeted with the dreaded margin call.
Do not be too alarmed! If you re-balance your account with extra collateral within three days, you can avoid a forced sale of your shares.
Do I get to choose a remisier for myself?
Yes, you may choose your own remisier.
What can I deposit as collateral?
When you have chosen your own remisier, you can request the marginable listing from them.
Usually, investment banks will accept the three kinds of collateral listed below, each with its own credit limit:
|Fixed deposit||2 times|
|Quoted Shares||1 times|
Is there a cash withdrawal feature?
Cash withdrawals from your margin account can be done, provided the margin call of 67% is not breached.
How about the documents I need?
You will need to supply UOB Kay Hian with the following:
- Photocopy of NRIC/Passport
- Latest J Form/BE Form/EA Form/Payslips
- Latest bank statements
- Any other documents that may be required from time to time