Interest on surplus funds
We do not pay interest on excess funds.

Interest charged on deficit funds/currencies
Debit balances carry interest at 2% above prime lending rate.
The interest charge also applies to any funding of initial margin against your collateral.
Each month’s accrued interest will be debited from your account within the first 3 business days of the following month.

Interest charged on shortfall
Notwithstanding a positive equity balance in your account, interest will be charged on any shortfall in the relevant currency of the open contract’s initial margin.

We accept collateral in the form of cash and Bank Guarantee (BG). However, BG is accepted for initial margin and maintenance margin only. It cannot be used to cover cash deficit. Cash collateral is required to cover any cash deficits. If the cash deficit is not covered in time, OCBC Securities reserves the right to use your collateral at any point in time to cover the cash deficit (even if the total equity is positive when supported by the value of the collateral).

Any BG or Letter of Credit (LC) issued by a bank-customer itself or by a related bank of a customer for the purpose of margining their own trades are not accepted by Corporate Members. In addition, all BGs and LCs must be issued by banks that hold a valid license and operate in Singapore under the Banking Act, and the BGs and LCs must not be in a currency that is subjected to exchange control including any restriction on convertibility.