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Margin Lite


Margin Lite is a trading facility that provides you a greater flexibility to meet your investment needs. It boosts your investment power up to 2.8 times with the convenience of hassle-free trade settlement and flexible repayment.


Features

·  Facility Limit : RM20,000 to RM200,000

·  Interest Rate :

Ø First 18 calendar days from drawdown date : 5.88% p.a.

Ø Thereafter : 9.88%

·  Margin of Financing (MOF) up to 65%

·  Up to 100% mark-to-market shares valuation on Bursa except warrant / loan stocks

·  Wider range of acceptable collaterals,

ØCash/Fixed Deposit (MYR, SGD, HKD, USD, AUD, GBP, THB and JPY);

ØAcceptable Quoted Shares (Bursa Malaysia, SGX, HKEx and US Markets (NYSE & NASDAQ)
 

Fee & Charges

 

·  Documentation fee of up to RM70 (waived until 31 December 2020)

·  CDS account opening fee of RM10 (waived until 31 December 2020)

·  Stamping Duty

Ø Principal Agreement – Ad valorem (0.5% of the facility limit)

Ø Subsidiary Agreement – Nominal (RM10 each)

·  Lower online brokerage fee up to 0.15% / min RM8

 


 

Margin Lite

Eligibility

 

 

§  Individual aged 21 to 70 years

-          Malaysian

-          Permanent resident of Malaysia

-          Foreigner

 

§  Corporates – Investment holding company

 

Documents Required

 

Individual

 

1. Share Trading Account Application Form

2. Photocopy of NRIC (Front & Back) or Passport

3. Valid VISA for Non Malaysian

4. Income Evidence:

ü Latest one (1) month salary slip; or

ü EA Form / Form B / Form BE; or

ü Latest EPF statement

5. Latest three (3) months of savings / current account

6. Latest margin account statement from your existing financier

 

Corporate

1.  Share Trading Account Application Form

2.  CDS Board Resolution

3.  Securities Trading Accounts Board Resolution

4.  Memorandum and Articles of Association

5.  Latest 2 Years Audited Accounts / Financial Statements

6.  Power of Attorney (if applicable)

7.  Photocopy of NRIC/Passport of Directors and Guarantors’

8.  Guarantors’ latest payslip/ Form B/ Form BE/ EA Form/ EPF statement and bank statement.

9.  Forms:

§  Form 8 or 9 

§  Form 24 - certificate on return of allotment of shares /Annual Return

§  Form 44 - notice of situation of registered office and particulars of changes

§  Form 13 - certificate of incorporation on change of company name

§  Form 49 - return giving particulars in register of directors, managers & secretaries changes of particulars

§  Form 20 - certificate of incorporation on conversion to a public company

10.        Latest margin account statement from your existing financier

 

 

 

 

 

 

Individual

Corporate

Account Application Form (Individual)

Account Application Form (Corporate) 


1.     Complete and sign the application form

 

2.     Visit any of our CGS-CIMB Securities Sdn Bhd Branches. Click Contact Us here; or

 

3.     Contact us at +603 2635 6868 or email us at customerservice.my@cgs-cimb.com

 

1)  What is Margin Lite?
  Margin Lite is a flexible trading facility that boost your investment power up 2.8 times with hassle free trade settlement.
   
2) What is the minimum age to open a Margin Lite account?
  21 years old.
   
3) Who is eligible to apply for Margin Lite facility?
  Malaysian and foreigner who are 21 years old and above
   
4) What documents are required to be submitted when applying for Margin Lite?
 
  Individual Corporate
  1. Share Trading Account Application Form
  2. Photocopy of NRIC (Front & Back) or Passport
  3. Valid VISA for Non Malaysian
  4. Income Evidence:
  • Latest one (1) month salary slip; or
  • EA Form / Form B / Form BE; or
  • Latest EPF statement
  5. Latest three (3) months of savings / current account
  6. Latest margin account statement from your existing financier
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  1. Share Trading Account Application Form
  2. CDS Board Resolution
  3. Securities Trading Accounts Board Resolution
  4. Memorandum and Articles of Association
  5. Latest 2 Years Audited Accounts / Financial Statements
  6. Power of Attorney (if applicable)
  7. Photocopy of NRIC/Passport of Directors and Guarantors’
  8. Guarantors’ latest payslip/ Form B/ Form BE/ EA Form/ EPF statement and bank statement.
  9. Forms:
    • Form 8 or 9 
    • Form 24 - certificate on return of allotment of shares /Annual Return
    • Form 44 - notice of situation of registered office and particulars of changes
    • Form 13 - certificate of incorporation on change of company name
    • Form 49 - return giving particulars in register of directors, managers & secretaries changes of particulars
    • Form 20 - certificate of incorporation on conversion to a public company
  10. Latest margin account statement from your existing financier
   
5) What is the facility limit for Margin Lite?
  The minimum facility limit is RM20K, maximum RM200K.
   
6) If I am an existing CGS-CIMB Share Margin client, can I open a Margin Lite account?
  Yes, what you need to do is to submit an application for Margin Lite facility.
   
7) What is the share valuation for Margin Lite?
  The share valuation is up to 100% market value except Bursa’s warrants/loan stocks and/or GN/PN counters and/or CGS-CIMB’s exception capping/ceiling list.
   
8) Can Margin Lite account to be used for day trading?
  Yes, Margin Lite account is allowed to perform day trading.
   
9) Is it mandatory to enroll e-contract note/ e-statement?
  Yes, it is mandatory to enroll e-contract note/ e-statement when you apply for Margin Lite account.
   
10) Can I trade foreign market by using Margin Lite account?
  No, you cannot use Margin Lite to trade foreign market. However, you can pledge foreign shares as collateral to multiply your investment power.
   
11) What should I do when I received a margin call?
  You may rectify the margin call within 3 market days from date of notice by way of
 (i) Top-up the value of the collateral (i.e. pledge more collateral that can be in the form of cash or quoted shares) or
 (ii) Reduce the outstanding loan to meet the required MOF
   
12) When will force-selling takes place?
   (a) If the margin requirement is not met within 3 market days of margin call
 (b) Force selling shall take place when the Margin of Finance (MOF) is above 76.92%

Note – (a) and/or (b), Whichever is earlier
 
   
13)  What is the interest charge for Margin Lite?
 
  Period Interest
(per annum)
  Up to 18 calendar days from drawdown date 5.88% p.a.
  Thereafter 9.88% p.a.
   
14)  Do I need to pay when signing up a Margin Lite account?
 

Yes, below are the fees and charges when you sign up a Margin Lite account.

No    Description    Fees (RM)
1    Documentation    RM 70 (waived until 31 December 2020)
2    CDS Account Opening    RM 10 (waived until 31 December 2020)
3    Rollover    Waived
4    Stamp Duty - Principal Agreement    Ad valorem (0.5% of the facility limit)
5    Subsidiary Agreement    RM10 each (Mortgage)

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