Trade SocGen DLCs & Get
S$88*
Cash Credit!
From 25 January to 30 April 2024
By executing any 2 BUY trades of SocGen DLCs online
What is a DLC ?
A Daily Leverage Certificate (DLC) is a form of structured financial instrument issued by banks and traded on the securities market. DLCs offer investors fixed leverage of 3 to 7 times the daily performance of an underlying index, be it a rising or falling market. The basic principle is simple – if the underlying index moves by 1% from its closing price of the previous trading day, the value of the 3x DLC will move by 3%.
SGX is Asia’s first venue to offer trading in DLCs, allowing investors to gain fixed leveraged exposure to developed Asian market indices and single stocks. This comes without the features impacting pricing for options such as implied volatility, time decay or margin calls.
DLCs were first introduced in Europe in 2012, where they are also called constant leverage products or factor certificates. They received wide interest from investors in Europe shortly after their launch.
Don’t have an Account yet?
Alternatively, visit any of our Phillip Investor Centres or contact your trading representives.
Why Trade DLCs?
Leverage up to 7 times the daily performance of an underlying index
Flexibility to trade both rising and falling markets
Low capital outlay and loss is limited to invested amount
No margins. No implied volatility impact. No time decay impact.
Transparent pricing due to tradability of the products on exchange
For more about Daily Leverage Certificates (DLCs), you might refer to here.
Frequent Asked Questions
You must be a POEMS Customer who trades SocGen DLC from 25 January to 30 April 2024, and executes at least TWO “BUY” trades on the DLC issued by Societe Generale (SocGen), and have not placed a SocGen DLC trade between 25 June 2023 and 24 January 2024.
As a leverage product, Daily Leverage Certificates (DLC) give investors increased exposure to an underlying asset with the potential for higher returns. The leverage of a DLC can be 3, 5 or 7 times. Based on 5x leverage, if the underlying asset, typically a single stock or index, moves 2% in favour from its previous closing price, you earn a 10% gain on the DLC (2% * 5 = 10%). However, if the underlying asset moves in the direction against your position, you could experience a -10% loss.
You can identify the Issuer by the name of the DLC. Let’s use the counter Tencent for example. The Tencent DLC name is DIHW – Tencent 5xLongSG231214
DIHW | Counter Code |
Tencent | Underlying |
5x | Leverage Factor |
Long | Long/Short |
SG | Issuer (SG = Societe Generale) |
231214 | Expiry Date (YYMMDD) |
Do note that only Societe Generale DLCs will be counted for this promotion.
No. Each Customer is only eligible to claim Cash Credit once despite having multiple Accounts. Please see the following example.
Client A has Accounts 1234567 & 2345678 with POEMS and both Accounts have not traded SocGen DLCs with PSPL between 25 June 2023 and 24 January 2024. Client A executed 2 “buy” trades of SocGen DLCs on Account 1234567 on 18 Feburary 2024 and executed another 2 “buy” trades of SocGen DLCs on Account 2345678 on 20 March 2024. Assuming that both Accounts are meeting other conditions, Customer A will qualify for Cash Credit based on the Account that first traded the SocGen DLCs. In this case, Customer A will receive S$88 into his POEMS Account 1234567.
Terms & Conditions
- This promotion is for Customers who trade Daily Leverage Certificates (“DLC”) issued by Societe Generale (“SocGen DLC”) from 25 January to 30 April 2024 (the Promotion Period).
- Eligibility Criteria for the promotion:
- Customers must not have not traded SocGen DLC with Phillip Securities Pte Ltd (PSPL) between 25 June 2023 and 24 January 2024.
- Accounts used for trading of SocGen DLCs must be Cash Plus, Margin (M), Custodian (C), Prepaid Custodian (CC), Cash Management (KC) and Share Financing (V) Accounts.
- At least TWO BUY trades on SocGen DLC must be executed.
- BUY or SELL Trades of same counter listed in SGX, HKEx, and Bursa respectively are placed on the same trading day on POEMS Trading Platforms using the same payment mode (cash, SRS, or CPF) with the same Account are considered as one trade. This is due that we only charge one commission for such trade orders. Please refer to HERE for more information.
- The reward is capped at S$88 per Customer, regardless of the number of Eligible Accounts through which the Customer places SocGen DLC trades during the Promotion Period.
- Each Customer can only claim the reward once. Customer(s) with multiple Accounts will not qualify for the reward again.
- The Reward will be credited to Eligible Accounts by 30 May 2024.
- The following Customers are not eligible for this promotion, unless approved by the management of “PSPL”:
- PSPL institutional Customers and corporate Customers
- PSPL Account holders whose Accounts have been suspended, cancelled or terminated
- PSPL and its associated entities and subsidiaries (direct or indirect), e.g. Staff, Trading Representatives and Financial Adviser Representatives including their spouse and direct family members.
- In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
- PSPL reserves the right at any time in its absolute discretion to (i) amend, add to, and/or delete at any time of these Terms & Conditions without prior notice (including eligibility and qualifying terms and criteria), and all participants shall be bound by such amendments, additions and/or deletions when effected, or to (ii) vary, withdraw, and/or cancel any items or the promotion itself without having to disclose a reason, and without any compensation or payment whatsoever. PSPL’s decisions on all matters relating to the promotion are final and binding on all participants.
- By taking part in this promotion, the participant acknowledges that he/she has read and consented to these Terms & Conditions.
