It looks like you are using an older version of Internet Explorer. Using an outdated browser makes your computer unsafe. For the best experience on the web, please update your browser or install Google Chrome Frame.
SIP-qualified investors can now gain leveraged exposure to the underlying index. Also, see what exciting offers we have in store!
Enjoy up to S$50 Commission Rebates for your DLC Trades!

Enjoy up to S$50 Commission Rebates for your DLC Trades!

Terms and Conditions:

1. Eligible Clients (as defined in paragraph 3) may qualify to receive rebates on the commissions levied for trades on Daily Leverage Certificates (“DLC trades”) executed between the period of 1 November 2019 to 15 January 2020, both dates inclusive (“Promotion Period”) (collectively the “S$50 Commission Rebates for DLC Trades Promotion” or “Promotion”).

2. Subject to the terms and conditions contained herein, an Eligible Client is entitled to a maximum rebate of S$50, regardless of the number of DLC Trades executed by the Eligible Client during the Promotion Period (the “Rebate”). The Rebate will not be subject to GST and other fees and charges.

3. The Promotion is open to new and existing clients of Maybank Kim Eng Securities (“Maybank KES”) with a valid KE Trade, KE Prefunded or KE Margin account, who execute their first DLC trade during the Promotion Period (“Eligible Clients”, each an “Eligible Client”).

4. The Promotion is applicable for online/mobile/offline DLC trades executed via the Eligible Client's Maybank KES Cash, Prefunded or Margin account.

5. Where an Eligible Client qualifies for the Rebate, the Rebate shall be paid into the applicable trading account of the Eligible Client in one lump sum within two (2) months following the end of the Promotion Period.

 

Click here to view the full terms and conditions.

Be the First 10 with at least SGD$3,000 in Commissions and Receive a Pair of Body Massage Vouchers!

Be the first 10 clients with at least SGD$3000 in commissions and receive a pair of Body Massage Vouchers!

Terms and Conditions:

Eligibility

1. Eligible Clients (as defined in paragraph 3) may qualify to redeem a pair of body massage vouchers (worth an estimated S$406) (“Promotion Gift”) upon the accumulation of S$3,000 worth of commissions for trades on Daily Leverage Certificates (“DLC trades”) on a new or existing account between the period of 15 November 2019 to 31 January 2020, both dates inclusive (“Promotion Period”) (collectively the “Body Massage Voucher Promotion” or “Promotion”).

2. Subject to the terms and conditions contained herein, the first ten (10) Eligible Clients who qualify for the Promotion will receive a letter from Maybank Kim Eng Securities Pte Ltd (“Maybank KES”) within two (2) months after the end of the Promotion Period outlining the steps required to redeem the Promotion Gift (“Redemption Letter”). For avoidance of doubt, an Eligible Client must accumulate S$3,000 worth of commissions for DLC trades on a single trading account with Maybank KES within the Promotion Period to qualify for the Promotion. Eligible Clients are only entitled to only 1 Promotion Gift each. 

3. This Promotion is open to new and existing clients with a valid KE Trade, Margin or Prefunded account with Maybank KES (“Eligible Clients”, each an “Eligible Client”).

4. The Promotion is applicable for online/mobile/offline DLC trades executed via the Eligible Client's Maybank KES Cash, Prefunded or Margin account.

 

Click here to view the full terms and conditions. 

 

 

What Are Daily Leverage Certificates?

NOTE: Daily Leverage Certificates (DLCs) will be available for trading as of Monday 17 July, 9AM. 

Daily Leverage Certificates (DLCs) are financial instruments that replicate the underlying index linearly with a constant leverage effect (e.g. x3 or x5), and is issued under the Structured Warrants Framework. DLCs are classified as high risk and high complexity products. Retail investors are required to be Specified Investment Products (SIPs) qualified in order to trade DLCs. 

 

Key Features

1) Easy to Understand

Daily Leverage Certificates (DLCs) performance can be simply calculated by

  • Underlying index performance

  • Leverage factor applied

  • Cost & fess deducted

 

Some description

 

Unlike other instruments like Structured Warrants, DLCs track the performance of its underlying index linearly and does not change due to time, expiry of the contract, change in volatility of the underlying index etc.

 

2) Go Long or Go Short With Leverage

Daily Leverage Certificates (DLCs) amplifies returns, in both rising and falling markets.

Some description

 

3) Limited Losses

Losses incurred on DLC positions are limited to the initial capital invested.

  

4) Compounded Returns

DLCs are structured based on the daily performance of their underlying index, and are as such intended to be traded intraday. The price performance of the underlying index and DLC are reset at the end of each trading day. This means that the performances each day are  locked in and subsequent returns are based on what was achieved the day before. This process is referred to as compounding.

 

5) Air Bag Mechanism

The Air Bag mechanism is designed to slow down the rate of loss on the index during extreme market conditions. The Air Bag comes into effect at a predetermined drop in the underlying index. This level varies depending on the leverage ratio, as well as the nature of the underlying index. If this occurs, the Air Bag triggers an intraday re-set of the underlying index. The reset takes place over a period of 30mins. Following the reset, the performance of the underlying index is based on the new observed level. This is designed to reduce the impact of any subsequent fall.

The Air Bag Mechanism will reduce the impact if the index falls, but will also maintain a reduced exposure to the index in the event the index starts to rise after the Air Bag Mechanism is triggered, thereby reducing its ability to recoup losses. 

 

Who and How Can One Trade DLCs?

Who Can Trade DLCs?

DLCs are designed for active investors who have financial knowledge and experience in trading leverage products and willing to take higher risk. It is designed for sophisticated investors who are looking for the potential to make enhanced returns from the daily benchmark indices.

All investors need to be SIP qualified with full understanding on the products in order to trade DLCs.

 

How Does One Trade DLCs?

You can trade DLCs the same way you buy and sell shares and other securities listed on SGX-ST. Simply execute the trades through your broker. No separate account is needed for the trading of different securities.  Trades are settled on the same basis as share transactions - on the third business day after the trade date.

 

 Please click here for more information on Daily Leverage Certificates.

  • Some description

 

Risks of Investing in DLCs?

Leverage Risk

Leverage is a "double-edged" sword. In addition to magnifying gains, DLCs can also magnify losses when the value of the underlying index moves against the DLCs position. For instance, a fall in the price of the underlying index can lead to a larger percentage loss in the value of the long DLCs.

 

Currency Risk

In the event that a DLC or underlying index is denominated in a currency other than SGD, you will be subject to exchange rate fluctuations that may have an adverse effect on the value, price or return of the DLC.

 

Market Risk

Similar to other investments in the securities market, the market value of a DLC is susceptible to events that affect its demand and supply. Hence, the market value of your investment will fluctuate accordingly.

 

Liquidity Risk

Liquidity risk occurs when a warrant holder is unable to sell his DLCs for a reasonable price in the market. This is due to insufficient buy orders, which affects the market price of the DLCs.

Not a Maybank Kim Eng Client Yet?
Please leave your details and we will be in touch with you soon.

Title
Preferred Time of Call (Optional)
*CAPTCHA
This question is to prevent automated spam submissions. Entries are not case sensitive.