• Who can apply for a Credit Balance (CB) Account?
    Anyone who is above 20 years old and has resident status in Thailand. However, it is important to note that for foreigners using the Credit Balance Account, they will be restricted to buying NVDR’s only.

  • If I am a current account holder of Phillip Securities (Cash Account) and wish to open a CB account, but I have no cash available to deposit as collateral before the first trade is initiated, what should I do to allow me to buy stocks on CB account?

    You are allowed to pledge securities in your cash account as collateral before the first trade is initiated. Your purchasing power will depend on your collateralized securities which must be on the list approved by Phillip Securities.

  • If I currently have a CB account with TSFC, can I apply for another CB account with Phillip Securities ?

    Yes, you can. You will be given a new account with a separate credit line.

  • Can I open a Credit Balance Account if I currently have a Prepaid or Cash Account with Phillip Securities?

    Of course, you can open a ‘Phillip Credit Balance’ account. Terms and conditions can be found at ‘Open Account’ menu.

  • If I deposit cash as collateral into my CB account, but no trades has yet been made, can I earn an interest on the cash deposit in my account?

    You will earn an interest on the cash balance if the credit balance in your account at the end of the day is higher than the debit balance, or borrowed funds. Interest amount will be credited into your CB account at the end of the month.
  1. Duty stamp will be levied at 0.05% of the credit line (max. THB10,000), payable on the contract signing date.
  2. Debit interest will be charged on borrowed funds at a rate specified by us.