(I) PRESCRIBED INTEREST RATE (“PIR”) FOR MARGIN LITE; AND
(II) EFFECTIVE PROFIT RATE (“EPR”) FOR ISLAMIC MARGIN LITE
Please be informed that with effect from 1st November 2022, the PIR and EPR for the Margin Lite and Islamic Margin Lite facilities (each a “Facility”) will be revised as follows:
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Period
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Current PIR/EPR
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Revised PIR/EPR
|
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From the date of a drawdown of the Facility (“Drawdown Date”) and up to 18 calendar days from the Drawdown Date (“CD18”)
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5.88% per annum
|
6.88% per annum
|
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From the calendar day after CD18 until the date of repayment of the drawdown of the Facility
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9.88% per annum
|
9.88% per annum
(No changes)
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Note: For all drawdowns which are pending expiry, the revised PIR/EPR shall be effective on any drawdown amount on and after 1st November 2022.
Save and except as above, other terms and conditions of the Margin Lite and Islamic Margin Lite facility maintained with CGS-CIMB shall remain unchanged.
If you have further enquiries, please contact your Dealer’s Representative. Alternatively, you may contact or email our Call Centre at 03-26358686 or [email protected].
