Grade Based MarginNEW
Grade-Based Margin Grade-Based Margin

Introduction

 

Interest rate and the interest calculation in Grade-Based Margin financing is based on the stock ranking. There are 3 layers of outstanding based on stock quality and margin value* in Grade-Based Margin financing.

More Grade 1 stock in securities portfolio , lower interest rate it is. ! The calculation of interest rate is as follows：

 

int-table

Grade 1 Stock list

 

Cat in Maze, TVC of margin financing service, Phillip HK, 2024
YouTube video(Mandarin)

 

WeiBo video(Mandarin)

 

Table Footnotes:

P refers to the Prime rate of Standard Chartered Bank.

Other stock refers to all stocks that are not in Grade 1 Stock List.

Call for Deposit interest rate for Chinese Yuan Renminbi (CNY) is 3.88% p.a.
Call for Deposit interest rate for Hong Kong Dollar (HKD) is 14.625% (P+8.5%) p.a.
Call for Deposit interest rate for United States Dollar (USD) is 10.625% (P+5%) p.a.

For introduction and margin cost calculation, please click Graded-based Margin .  For margin rates of other currencies, please visit Margin Rates

 

 

 

 

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2: The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%.

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being  "credited".

Introduction

 

The interest rate and the interest calculation in Professional Investor Grade-Based Margin (“PI GBM”) financing are calculated based on the grading of each stock in your portfolio.

 

By being a Professional Investor, you can join our Professional Investor Grade-Based (“PI GBM”) Financing.

 

Higher proportion of Grade 1 Stock in securities portfolio, lower interest rate!

The margin financing rate of the portion of the Grade 1 Stock holding over HKD $1,000,000 can be reduced to as low as *P-1.5%.

 

Complete the form and submit it to your account executive to register as a Professional Investor with us today.

 

The calculation of interest rate is as follows:

int-table

 

Example: Assume if a client has sufficient Grade 1 Stock margin value

int-table

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2: The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%.

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being  "credited".

Grade 1 Stock List

Stock Code Market Stock Name Margin Ratio
1 HK CKH HOLDINGS 0.8
2 HK CLP HOLDINGS 0.85
3 HK HK & CHINA GAS 0.85
4 HK WHARF HOLDINGS 0.7
5 HK HSBC HOLDINGS 0.8
6 HK POWER ASSETS 0.85
11 HK HANG SENG BANK 0.85
12 HK HENDERSON LAND 0.8
16 HK SHK PPT 0.8
17 HK NEW WORLD DEV 0.8
20 HK SENSETIME-W 0.6
23 HK BANK OF E ASIA 0.7
27 HK GALAXY ENT 0.7
66 HK MTR CORPORATION 0.85
83 HK SINO LAND 0.8
101 HK HANG LUNG PPT 0.8
123 HK YUEXIU PROPERTY 0.6
135 HK KUNLUN ENERGY 0.7
144 HK CHINA MER PORT 0.8
151 HK WANT WANT CHINA 0.8
168 HK TSINGTAO BREW 0.6
175 HK GEELY AUTO 0.8
241 HK ALI HEALTH 0.6
257 HK EB ENVIRONMENT 0.7
267 HK CITIC 0.8
268 HK KINGDEE INT'L 0.6
270 HK GUANGDONG INV 0.7
285 HK BYD ELECTRONIC 0.6
288 HK WH GROUP 0.7
291 HK CHINA RES BEER 0.7
316 HK OOIL 0.6
322 HK TINGYI 0.7
371 HK BJ ENT WATER 0.7
384 HK CHINA GAS HOLD 0.7
386 HK SINOPEC CORP 0.8
388 HK HKEX 0.8
392 HK BEIJING ENT 0.8
486 HK RUSAL 0.5
570 HK TRAD CHI MED 0.6
586 HK CONCH VENTURE 0.6
656 HK FOSUN INTL 0.7
669 HK TECHTRONIC IND 0.8
688 HK CHINA OVERSEAS 0.8
700 HK TENCENT 0.8
728 HK CHINA TELECOM 0.8
762 HK CHINA UNICOM 0.8
772 HK CHINA LIT 0.6
788 HK CHINA TOWER 0.7
817 HK CHINA JINMAO 0.3
823 HK LINK REIT 0.8
836 HK CHINA RES POWER 0.7
857 HK PETROCHINA 0.8
868 HK XINYI GLASS 0.6
881 HK ZHONGSHENG HLDG 0.6
883 HK CNOOC 0.8
914 HK CONCH CEMENT 0.7
916 HK CHINA LONGYUAN 0.7
939 HK CCB 0.8
941 HK CHINA MOBILE 0.8
960 HK LONGFOR GROUP 0.6
966 HK CHINA TAIPING 0.7
968 HK XINYI SOLAR 0.8
981 HK SMIC 0.7
992 HK LENOVO GROUP 0.8
998 HK CITIC BANK 0.8
1024 HK KUAISHOU-W 0.7
1038 HK CKI HOLDINGS 0.8
1044 HK HENGAN INT'L 0.8
1066 HK WEIGAO GROUP 0.6
1088 HK CHINA SHENHUA 0.8
1093 HK CSPC PHARMA 0.6
1099 HK SINOPHARM 0.7
1109 HK CHINA RES LAND 0.8
1113 HK CK ASSET 0.8
1114 HK BRILLIANCE CHI 0.7
1171 HK YANKUANG ENERGY 0.7
1177 HK SINO BIOPHARM 0.6
1179 HK HWORLD-S 0.4
1193 HK CHINA RES GAS 0.6
1209 HK CHINA RES MIXC 0.6
1211 HK BYD COMPANY 0.8
1288 HK ABC 0.8
1299 HK AIA 0.8
1308 HK SITC 0.5
1313 HK CR BLDG MAT TEC 0.7
1347 HK HUA HONG SEMI 0.6
1378 HK CHINAHONGQIAO 0.7
1398 HK ICBC 0.8
1658 HK PSBC 0.7
1698 HK TME-SW 0.5
1772 HK GANFENGLITHIUM 0.6
1801 HK INNOVENT BIO 0.4
1810 HK XIAOMI-W 0.8
1821 HK ESR 0.6
1876 HK BUD APAC 0.7
1913 HK PRADA 0.6
1919 HK COSCO SHIP HOLD 0.6
1928 HK SANDS CHINA LTD 0.6
1929 HK CHOW TAI FOOK 0.7
1972 HK SWIREPROPERTIES 0.7
1997 HK WHARF REIC 0.7
2015 HK LI AUTO-W 0.6
2020 HK ANTA SPORTS 0.8
2057 HK ZTO EXPRESS-W 0.7
2202 HK CHINA VANKE 0.6
2269 HK WUXI BIO 0.6
2313 HK SHENZHOU INTL 0.7
2318 HK PING AN 0.8
2319 HK MENGNIU DAIRY 0.8
2328 HK PICC P&C 0.7
2331 HK LI NING 0.7
2333 HK GWMOTOR 0.7
2359 HK WUXI APPTEC 0.6
2378 HK PRU 0.6
2380 HK CHINA POWER 0.6
2382 HK SUNNY OPTICAL 0.7
2388 HK BOC HONG KONG 0.8
2423 HK BEKE-W 0.3
2601 HK CPIC 0.7
2618 HK JD LOGISTICS 0.6
2628 HK CHINA LIFE 0.8
2638 HK HKELECTRIC-SS 0.8
2688 HK ENN ENERGY 0.7
2800 HK TRACKER FUND 0.8
2822 HK CSOP A50 ETF 0.8
2823 HK ISHARES A50 0.8
2828 HK HSCEI ETF 0.8
2839 HK CAM MSCI A50 0.8
2888 HK STANCHART 0.7
2899 HK ZIJIN MINING 0.6
3032 HK HSTECH ETF 0.7
3033 HK CSOP HS TECH 0.7
3067 HK ISHARESHSTECH 0.7
3088 HK CAM HS TECH 0.7
3188 HK CAM CSI300 0.8
3311 HK CHINA STATE CON 0.7
3320 HK CHINARES PHARMA 0.6
3323 HK CNBM 0.6
3328 HK BANKCOMM 0.8
3690 HK MEITUAN-W 0.8
3692 HK HANSOH PHARMA 0.5
3799 HK DALI FOODS 0.5
3800 HK GCL TECH 0.7
3808 HK SINOTRUK 0.6
3888 HK KINGSOFT 0.6
3968 HK CM BANK 0.8
3988 HK BANK OF CHINA 0.8
4239 HK HKGB IBOND 2311 0.97
4246 HK HKGB IBOND 2406 0.97
4252 HK HKGB RGB 2505 0.97
4273 HK HKGB RGB 2610 0.97
6030 HK CITIC SEC 0.7
6110 HK TOPSPORTS 0.6
6160 HK BEIGENE 0.6
6186 HK CHINA FEIHE 0.5
6618 HK JD HEALTH 0.7
6690 HK HAIER SMARTHOME 0.7
6823 HK HKT-SS 0.7
6862 HK HAIDILAO 0.6
6969 HK SMOORE INTL 0.5
9618 HK JD-SW 0.8
9626 HK BILIBILI-W 0.6
9633 HK NONGFU SPRING 0.7
9866 HK NIO-SW 0.6
9868 HK XPENG-W 0.6
9888 HK BIDU-SW 0.7
9961 HK TRIP.COM-S 0.7
9987 HK YUM CHINA 0.6
9988 HK BABA-W 0.8
9992 HK POP MART 0.4
9999 HK NTES-S 0.7
44007 HK HKGB SBOND 2509 0.97
44025 HK HKGB SBOND 2312 0.97
44030 HK HKGB SBOND 2608 0.97
44064 HK HKGB SBOND 2408 0.97
44070 HK HKGB SBOND 2710 0.97
80011 HK HANGSENG BANK-R 0.85
80016 HK SHK PPT-R 0.8
80020 HK SENSETIME-WR 0.6
80175 HK GEELY AUTO-R 0.8
80291 HK CHINARES BEER-R 0.7
80388 HK HKEX-R 0.8
80700 HK TENCENT-R 0.8
80883 HK CNOOC-R 0.8
80941 HK CHINA MOBILE-R 0.8
80992 HK LENOVO GROUP-R 0.7
81024 HK KUAISHOU-WR 0.6
81211 HK BYD COMPANY-R 0.8
81299 HK AIA-R 0.8
81810 HK XIAOMI-WR 0.8
82020 HK ANTA SPORTS-R 0.8
82318 HK PING AN-R 0.8
82331 HK LI NING-R 0.7
82333 HK GWMOTOR-R 0.7
82388 HK BOC HONG KONG-R 0.8
82800 HK TRACKER FUND-R 0.8
82822 HK CSOP A50 ETF-R 0.8
82823 HK ISHARES A50-R 0.8
82828 HK HSCEI ETF-R 0.8
82839 HK CAM MSCI A50-R 0.8
83188 HK CAM CSI300-R 0.8
83690 HK MEITUAN-WR 0.7
86618 HK JD HEALTH-R 0.7
89618 HK JD-SWR 0.8
89888 HK BIDU-SWR 0.7
89988 HK BABA-WR 0.8
600000 CN SHANGHAI PUDONG DEVELOPMENT BANK 0.7
600016 CN CHINA MINSHENG BANKING 0.5
600028 CN CHINA PETROLEUM AND CHEMICAL 0.7
600030 CN CITIC SECURITIES 0.6
600036 CN CHINA MERCHANTS BANK 0.7
600048 CN POLY DEVELOPMENTS AND HOLDINGS GROUP 0.5
600104 CN SAIC MOTOR 0.7
600276 CN JIANGSU HENGRUI MEDICINE 0.7
600519 CN KWEICHOW MOUTAI 0.7
600585 CN ANHUI CONCH CEMENT 0.6
601088 CN CHINA SHENHUA ENERGY 0.7
601166 CN INDUSTRIAL BANK 0.7
601288 CN AGRICULTURAL BANK OF CHINA 0.7
601318 CN PING AN INSURANCE 0.7
601328 CN BANK OF COMMUNICATIONS 0.7
601398 CN INDUSTRIAL AND COMMERCIAL BANK OF CHINA 0.7
601628 CN CHINA LIFE INSURANCE 0.7
601668 CN CHINA STATE CONSTRUCTION ENGINEERING 0.7
601857 CN PETROCHINA 0.7
601988 CN BANK OF CHINA 0.7

Please refer to footnote 1 and footnote 2.

 

List of Grade 1 Unit Trust

代號
Code		 名稱
Fund Name		 按揭比率
Margin Ratio
601028 AB FCP I American Income Portfolio (AA MDis) HKD CASH 0.80
340200 Principal Global Investors Funds-Preferred Securities Fund (A Acc) USD 0.70
380410 JPMorgan Global Government Bond Fund (A Acc) H-USD * 0.70
601052 AB FCP I Short Duration Bond Portfolio (A2 Cap) EUR 0.70
340180 Principal Life Style Fund-Principal Hong Kong Bond Fund (Retail Acc) HKD 0.70
320160 BOCHK Global Bond Fund (A Acc) USD 0.70
601051 AB FCP I Short Duration Bond Portfolio (A2 Cap) H-EUR 0.70
601027 AB FCP I American Income Portfolio (AA MDis) HKD 0.70
380500 JPMorgan Emerging Markets Debt Fund (A Mth) USD CASH 0.70
30680 Allianz US Short Duration High Income Bond Fund (AM MDis) USD 0.70
340190 Principal Global Investors Funds-Preferred Securities Fund (A QInc) USD 0.70
340195 Principal Global Investors Funds-Preferred Securities Fund (A QInc) USD CASH 0.70
601022 AB FCP I American Income Portfolio (A2 Cap) EUR 0.60
601062 AB FCP I Global High Yield Portfolio (A2 Cap) EUR 0.60
601020 AB FCP I American Income Portfolio (A2 Cap) USD 0.60
10290 Aberdeen Standard SICAV I Select Euro High Yield Bond Fund (A Acc) Hedged USD 0.60
40060 First Sentier Asian Quality Bond Fund (I Acc) USD 0.60
601060 AB FCP I Global High Yield Portfolio (A2 Cap) USD 0.60
10150 Aberdeen Standard SICAV I Select Emerging Markets Bond Fund (A Acc) USD 0.60
601021 AB FCP I American Income Portfolio (A2 Cap) H-EUR 0.60
10100 Aberdeen Standard SICAV I Select Euro High Yield Bond Fund (A Acc) EUR 0.60
601061 AB FCP I Global High Yield Portfolio (A2 Cap) H-EUR 0.60
30520 Allianz US High Yield Fund (AT Acc) HKD 0.60
10040 Aberdeen Standard SICAV I Asian Local Currency Short Term Bond Fund (A Acc) USD 0.60
50031 Franklin Floating Rate Fund Plc (A Acc) USD 0.60
30650 Allianz Dynamic Asian High Yield Bond Fund (AMg MDis) USD 0.60
30655 Allianz Dynamic Asian High Yield Bond Fund (AMg MDis) USD CASH 0.60
30640 Allianz Dynamic Asian High Yield Bond Fund (AMg MDis) HKD 0.60
30645 Allianz Dynamic Asian High Yield Bond Fund (AMg MDis) HKD CASH 0.60
30590 Allianz Preferred Securities and Income (AM MDis) H2-RMB CASH 0.60
30630 Allianz Preferred Securities and Income (AM Mdis) H2-RMB 0.60
30430 Allianz US High Yield Fund (AM MDis) HKD 0.60
30435 Allianz US High Yield Fund (AM MDis) HKD CASH 0.60
30445 Allianz US High Yield Fund (AM MDis) USD 0.60
210130 Barings Developed and Emerging Markets High Yield Bond Fund (A QInc) USD 0.60
380520 JPMorgan Global High Yield Bond Fund (A Mth) USD 0.60
30670 Allianz US High Yield Fund (AM MDis) H2-CAD 0.60
30440 Allianz US High Yield Fund (AM MDis) H2-AUD 0.60
50030 Franklin Floating Rate Fund Plc (A MDis) USD 0.60
50050 Franklin High Yield Fund (A MDis) USD 0.60
50055 Franklin High Yield Fund (A MDis) USD CASH 0.60
601025 AB FCP I American Income Portfolio (AT MDis) HKD 0.60
601026 AB FCP I American Income Portfolio (AT MDis) HKD CASH 0.60
601023 AB FCP I American Income Portfolio (AT MDis) USD 0.60
601024 AB FCP I American Income Portfolio (AT MDis) USD CASH 0.60
30460 Allianz Flexi Asia Bond Fund (AM MDis) USD 0.60
30465 Allianz Flexi Asia Bond Fund (AM MDis) HKD 0.60
390010 Ping An of China SIF-RMB Bond Fund (A HYInc) RMB 0.60
390015 Ping An of China SIF-RMB Bond Fund (A HYInc) RMB CASH 0.60
380530 JPMorgan Emerging Markets Investment Grade Bond (A Mth) USD 0.60
380535 JPMorgan Emerging Markets Investment Grade Bond (A Mth) USD CASH 0.60
10140 Aberdeen Standard SICAV I Select Emerging Markets Bond Fund (A MInc) USD 0.60

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2:：The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%。

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

FAQ

1. What is Grade-based margin interest plan?

Please refer to the introduction page of Grade-based Margin Interest Plan.
The grade- based margin interest rate is adjusted and based on the Prime Rate of Standard Chartered Bank from time to time. For CNY and USD Margin Interest, please click here

2. How to apply Grade-based margin interest plan instead of standard rate margin financing

Grade-based margin interest plan applies to all new margin accounts. Existing margin clients could apply the plan through their account executives or Customer Service Department, and do confirmation via POEMS pop-message after the application is approved.

3. How to apply Grade-based margin interest plan instead of standard rate margin financing?

Grade-based margin interest plan applies to all new margin accounts. Existing margin clients could apply the plan through their account executives or Customer Service Department, and do confirmation via POEMS pop-message after the application is approved.

4. How does a client know that the application of Grade-based margin interest plan is approved?

Client will receive confirmation pop-up message while log in in online trading platform POEMS if their application of Grade-based margin interest plan is approved. Please contact Customer Service Department if there is no confirmation.

5. How to check Grade 1 stock list?

Please check Grade 1 Stock list in POEMS website and it would be updated from time to time.

6. How to presume accrual interest before choosing any margin financing plan?

Please check accrual interest with your portfolio details by utilizing the calculator provided.

7. If the stock held by the client is suspended, how would the stock value be calculated?

If the stock is suspended, the stock will have no market value. There would be a margin call for deposit.

8. If outstanding excess loan limit, is there any margin call?

No, margin call would occur only if outstanding excess margin value.

9.What kind of client is suitable for Grade-based margin interest plan ？

The plan is suitable for client holding blue-chips portfolio and one's Phillip account with no margin call.

10. Do both parties of joint account need to sign on opt-in form for joining Grade-based margin interest plan?

Yes, both parties of joint account need to sign on opt-in form for joining Grade-based margin interest plan.

11. Could authorized person represent their own client to sign opt-in form to go for Grade-based margin interest plan?

No, the opt-in form must be signed by client.

12. Would Grade-based margin interest plan affect the purchase power of client?

No.

13. How to check the blend interest rate of one's account on the day?

Interest rate would be shown in the end of the month in monthly e-statement.

14. What rate of overdraft (Financing without margin value) is under the Graded-based Margin Interest Plan?

14.625% (P+8.5%)
Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.
Footnote 2: The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%.

Footnote 1: The above grade-based interest rate will be based on the effective rate which is subject to the latest Hong Kong Dollar Prime (P) rate of Standard Chartered Bank.

Footnote 2:：The flat interest rate for non grade-based margin account is P(HKD Prime rate of Standard Chartered Bank) + 3%。

*The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.

Clients must submit supporting documentation to the Company to confirm that the depository payment is from his/her own bank account. Acceptable documentation include, but is not limited to, bank statements, cheque images, and online banking screenshots. The deposit will be credited to the Client account on the day that supporting documentation is provided. Until the supporting documentation is submitted, the deposit will not be treated as “credited”. The daily cut-off time for collecting the supporting documentation is 4:00 p.m., any supporting documentation received after 4:00 p.m. will be deemed to be received on next working day. Clients will be liable for any relevant interest, commission, fines and other charges incurred as a result of not being ”credited”.

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