Product Financing is a credit facility that allows you to increase your buying power up to a maximum of 3.5 times through pledging marginable assets including Cash Solutions, Unit Trusts, Stocks/ETFs, and Bonds.

No additional margin account opening required.
Enjoy greater convenience by simply opting-in/out (similar to Auto-Sweep) from your existing accounts to utilise the credit facility immediately.

On FSM Web Portal
Simply click on “Product Financing” under any of the product tabs. Click on “Get Started” on the Product Financing Landing Page to be directed to the Margin Facility Enrolment page to opt-in for our margin services.

On FSM Mobile App Portal
Simply tap on Transact > Margin Financing > Margin Enrolment to opt in for our margin services.
Note: If your account is eligible, the opt-in process is immediate and you may utilise the facility thereafter. Do note that upon opt-in, all holdings in the account will be automatically pledged and collateralised.

You will be able to see a new payment method as “Margin” when you are placing any trades for any marginable Stocks, ETFs, Bonds and Unit Trusts.
When selecting “Margin” as payment method, it will automatically compute the margin buying power based on the (i) collateral value of your assets, and (ii) loan-to-value ratio of the product you are purchasing.

FSM offers a single unified margin buying power to cross-finance in multiple products in a single account, including marginable Unit Trusts, Stocks/ETFs (SG, HK and US markets) and Global Bonds.
FSM also offers financing in 8 different currencies (SGD/HKD/USD/EUR/GBP/CNH/JPY/CHF).

Credit limit is dependent on the multiplied value of your account’s pledged assets. It will display as “Maximum Margin” which is an indicative value of your maximum margin buying power (based on your assets), but is capped by a hard limit set by FSM.

You may request for an increase in your credit limit at any point of time at the Margin Summary page by clicking on “Increase” beside the value of Maximum Margin.
Do note that any increase in credit limit will be subjected to FSMOne’s internal review based on the value of your holdings.

Interest rates are dynamic and updated on a daily basis. You may view the latest prevailing interest rates for all currencies at the FSM Margin Summary page.

Interest will only start to accrue on Trade Settlement Date for the trade purchased on margin, which varies across products (T+1 to T+2 for Stocks/ETFs/Bonds, T+1 to T+4 for Unit Trusts).
Interest is computed on a daily basis and will add on to the outstanding loan balance.

Margin Ratio is the maintenance margin that FSM will monitor based on the value of loan to equity in your account.
Margin Ratio is computed by account’s Total Outstanding Loan divided by Total Collateral value, where the margin ratio should be maintained at below 100% at all times.

For Singapore and PR Residents, the account margin ratio should be maintained at below 100%. Margin call will be triggered once the margin ratio breaches 100%.
All non-Singapore and PR residents (i.e. Foreigners) will be required to maintain a lower margin ratio at below 80%. Margin call will be triggered once the margin ratio breaches 80% for Foreigners.

The account’s total outstanding loan will increase when the trade is successfully filled or completed. You may view all pending and historical loan activity, including loan repayment activity under “Loan History” page.

1) Unified Margin Buying Power
FSM automatically assesses your entire portfolio across stocks, ETFs, bonds and unit trusts, and computes a single unified margin buying power.
This allows you to cross-finance across multiple products and currencies within one account seamlessly.

2) Flexible & Transparent Repayment Model
FSM Product Financing adopts a non-netting model, where all sales proceeds are credited directly into your cash account, instead of being automatically used to repay outstanding loans.

This ensures transparent and predictable financing costs, while giving you full flexibility over how and when you repay your loans.
With no fixed repayment obligation, you retain complete control to repay at your own discretion.

3) Cross-Currency Financing Access
Access multiple drawdown currencies, including Swiss Franc (CHF) and Japanese Yen (JPY), to support your cross-currency financing needs or potentially generate positive carry income (e.g. dividend yield minus financing costs).

This feature will be enabled once your product financing account linkage is completed.

Simply click on “Repay” on your outstanding loan section on Margin Summary page to initiate a repayment.
Any loan repayment will be reflected immediately and cut-off until 11:59pm to be considered as repayment on the same working day. Any loan repayment initiated on a non-working day will only be considered for repayment on the next working day.

Yes. You may select the repayment cash account from other currencies’ cash accounts, but FSMOne will perform an FX conversion and the converted amount will be used to repay the loan.
Do note the loan will only be repaid upon the completion of the FX order, which may take up to TWO working days. Therefore, residual interest may arise from pending FX orders.

You may perform a cash withdrawal on your account’s available cash balances, provided if the Margin Ratio after withdrawal is maintained at 95% and below.

Additionally, your ability to withdraw may be affected by specific account activities*:

1. Same counter buy & sell:

• Your withdrawal may be temporarily blocked if there is an ongoing sale of any counters previously purchased through margin.
• This blocking will be applied on an account level, which means that withdrawals will be blocked across all Cash Accounts or Auto-Sweep Accounts of the account.
• You will only be able to withdraw the net balances after repayment of the Outstanding Loan balances, subject to the margin requirement.

2. Other Sales or Dividends:

• You may still place a withdrawal when you sell a different counter (not purchased on margin) or receive dividends, provided there are no ongoing sales of counters previsouly purchased on margin and subject to the margin requirement.

*Important Note:

• Clients who have performed the Product Financing Linkage will not be subjected to this withdrawal restriction.
• For profits from the sale of counters that are not linked to margin-financed positions, withdrawals/transfers are generally not affected provided there are no ongoing sales of any counters previously purchased on margin, subject to the maintenance margin requirement.

If your online withdrawal is blocked due to an active loan and ongoing sales of margin-bought holdings, you can request a manual release:

Submit online: Place your withdrawal request through the platform as usual.
Contact FSM Global: Inform us immediately so our team can manually review your account.
Fund release: Once verified that your account maintains a safe margin level, we will release the eligible cash to your bank.

To lift these online blocks permanently, complete the Product Financing Linkage to pledge your loan to iFAST Global Bank.

The Product Financing Linkage is a one-time setup that connects your FSM Global Investment Account with your bank account at iFAST Global Bank (iGB), a fully licensed and regulated UK bank within the iFAST Group.

By initiating this linkage, you seamlessly transition your loan provider from FSM Global to iFAST Global Bank (iGB). Your existing investment holdings are pledged directly to iGB to back your margin facility. In return, you unlock premium institutional features, including enhanced credit limits, preferential margin rates, and access to cross-currency financing via multi-currency cash drawdowns.

To enjoy enhanced credit limits and preferential financing rates, you must first be enrolled in FSM Margin and complete the Product Financing Linkage with iFAST Global Bank (iGB).

1. Navigate to My Account > Margin Summary: Go to Max Margin, and click “Increase Limit”.
2. Review and accept the cross-border product financing declaration, then log in to your iGB account to complete the required acknowledgements, and you’re done!
3. You will receive a confirmation email immediately when the product financing linkage is completed.

Margin call occurs when the total collateral value of assets is declining relative to the value of the total loan outstanding.
This happens when the account’s Margin Ratio crosses 100% or more. FSM will request for clients to initiate a cash top up, or perform a transfer in of additional assets or sell their holdings within TWO market days from the date of initial call.

FSM has the right to perform forced liquidation on your account to recover the account’s Margin Ratio back to 95% and below immediately.

You can effectively manage your Margin Ratio by:

• Borrow conservatively and do not over-leverage.
• Monitor your account portfolio and outstanding loans on a regular basis.
• Ensure your portfolio is well-diversified to reduce concentration risk in any single counter.
• Initiate regular repayment of loans from sales proceeds/dividends/other inflows.