CGS-CIMB Futures - Interest Implementation
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Dear Valued Clients,
Thank you for trading with CGS-CIMB Futures Sdn Bhd. Please be informed that we will be implementing interest charges on your futures trading account.
In the past, we have been absorbing the borrowing costs. However, it has now reached a point where we can no longer sustain the charges.
Starting 1 June 2022, the following will apply (subject to change from time to time) :
For all currencies, interest will be charged on deficit balances (including margin calls) at the close of the business day and
For Ringgit Malaysia only, interest will be paid on equity balance for margin surplus subject to Bank Negara Overnight Policy Rate > 2.5%.
We appreciate your understanding and support. Should you have any queries on this notification, kindly contact us at:-
Email Address : email@example.com
Telephone No. : +603 2635 9777 / +603 2635 8908