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Making Big Trades Easy with Better Liquidity

With Maybank, executing large trades in Single Stock Futures (SSF) is effortless, thanks to our strong liquidity solutions. Our expert team helps you buy or sell large volumes of SSF smoothly, without causing significant market disruption.

Experience seamless transactions and fast execution while overcoming common trading challenges. Whether you are managing large portfolios or pursuing complex strategies, Maybank offers the support and expertise to enhance your trading experience.

Leverage our superior liquidity to simplify your SSF trades and achieve more efficient, effective results today.

Key Benefits of SSF Block Trade

Lower Capital Requirement

  • Open a position with only around 10–20% of the contract value, allowing you to manage capital more efficiently.

Profit in Any Market Condition

  • Whether the market goes up or down, you can go Long to benefit from rising prices or Short to profit from falling prices.

Effective Hedging Tool

  • Ideal for investors who already hold stocks and want to protect their portfolio from potential price drops by using a Short Block Trade to offset losses

Low Commission Fees

  • Pay lower transaction costs compared to buying stocks outright, helping you maximize your net returns

Why Choose Maybank for SSF Block Trade ?

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Proven Experience

Benefit from Maybank's extensive experience in large SSF trades for efficient and informed execution.​

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Fair Pricing

Enjoy transparent pricing with Maybank with no hidden fees, reflecting the true value of our services.

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We have SBL to facilitate short-side transactions

For those looking to short, Maybank's extensive Stock Borrowing and Lending (SBL) desk provides ample access to securities, facilitating effective short positions.​

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Trusted Partner

Trade with confidence. Maybank Securities (Thailand) holds an “AA(tha)” credit rating from Fitch Ratings, affirming our reliability and commitment to fulfilling obligations.​

Getting Started with SSF Block Trade

Account Setup

Follow 3 Simple Steps


  • Sign a SSF Block Trade Agreement. Open a TFEX account and sign an agreement with Maybank​
  • Deposit Sufficient Collaterals. Ensure your account is adequately funded by depositing the required collaterals.​
  • Reach Out to Your Maybank Consultant. Request to open, close or rollover SSF Block Trade positions through your dedicated Maybank investment consultant.

Block Trade Transaction Procedure


  • Investor submits an order through the investment consultant, specifying details such as the underlying stock, Long/Short side, price, and desired quantity
  • The investment consultant forwards the order to the Block Trade desk
  • The Block Trade desk sends the hedging order to match the underlying stock.
  • Once the matching is successful, the investor will receive the Single Stock Futures contracts in the derivatives trading account

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FAQs

Important announcement

FAQs

What Is SSF Block Trade?

It is a service by Maybank enables clients to access liquidity in the SSF market. Maybank acts as a counterparty, matching clients' SSF positions. For instance, if a client wants to buy (Long) SSF contracts, Maybank sells (Short) the same amount of contracts. Conversely, if a client wants to sell (Short) SSF contracts, Maybank buys (Long) them.

How is interest calculated for SSF Block Trade?

  • Upfront Interest Charge: If an upfront interest charge is applied, the rate is 2.5%. It is calculated from the position opening date until the expiry date of the Single Stock Futures and charged immediately upon opening the position.
  • Actual Holding Interest: Calculated based on the number of holding days, using the rate announced by the company, and applied when the position is closed.
    • If the upfront interest charge is higher than the actual holding interest, the company will refund the difference by adding it to the closing price.
    • If the upfront interest charge is lower than the actual holding interest, the company will collect the difference by deducting it from the closing price.
 
Example:
Side = Long Open
Spot Open = 100 baht
Deposit interest =2.5% p.a.
Days to Maturity = 60 days
Futures Opening price = Spot Open + Deposit Interest
                = 100 + (100x 2.5% x 60/365)
                = 100.41096


Side = Short Close
Spot Close = 110 baht
Holding Interest = 5% p.a.
Actual holding = 15 days
Futures closing price   = Spot Close + Deposit Interest – Holding Interest
                 = 110 +0.41096 – ( 100 x 5% x 15/365 )
                 = 110 + 0.41096 – 0.20548
                 = 110.20548

What is a Roll Over, and how is the interest calculated?

A Roll Over involves closing the existing contract position and opening a new contract position. Interest is calculated the same way as with normal closing and opening of positions.

What is a Spread position, and how does it affect interest?

If an investor opens a Long and Short position in different series of the same underlying stock (Spread), the company will charge interest on all series according to the standard open –close position methodology.

What happens if the underlying stock of a Single Stock Futures (SSF) has a Corporate Action?

If the underlying stock has a Corporate Action other than a regular dividend payment, the investor must close the position before the effective date.

If it is a regular dividend payment, the investor will receive 90% of the dividend, which will be added to the closing price of the position.

Which Underlying Stocks Are Available for SSF Block Trade?

Currently, clients can choose from over one hundred (100) Thai underlying stocks, including most in SET50 and SET100.

What Are the Costs Involved in Trading SSF Block Trade?

The costs include interest and SSF contract trading fees. Interest costs are factored into the SSF Block Trade contract prices, which varies depending on the holding period.

Is There a Minimum Holding Period?

No, clients can close their SSF position within the same day. However, interest will still be charged for the one-day holding period.

Do Clients Need to Hold SSF Contracts Until They Mature?

Yes, there is a minimum holding period of one (1) day; however, clients have the flexibility to close the position or rollover SSF Block Trade contracts at any time before the contract expires.

What Is the Minimum Number of Contracts?

The minimum number of contracts varies depending on the stocks, as announced by TFEX periodically.

Will Clients Be Entitled to Receive Dividends if the Underlying Stock Declares Dividends During the Holding Period of a Long Position?

Typically, clients will receive up to 90% of the actual dividend entitlement.

Can Clients Close Their SSF Block Trade Position with Other Brokers After Opening an SSF Block Trade Position with Maybank?

No, clients are only permitted to close their SSF Block Trade position with Maybank after opening a SSF Block Trade position with Maybank.

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