Daily Leverage Certificates (DLCs) in Singapore
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What are DLCs?
Daily Leverage Certificates (DLCs) are a type of financial product that offers investors
leveraged exposure to the daily performance of an underlying asset, which can be an index or
stock.
They come with predefined leverage factors, typically 3x, 5x, and 7x, with 7x being the maximum.
This means that investors’ returns are amplified by the respective multiplier.
DLCs reset daily, meaning the leverage applies only for that day’s performance. As such, DLCs are best suited for short-term trading, predominantly intra-day trading.
Why Invest in DLCs
Understand the benefits of investing in DLCs

7X Leverage
Fixed leverage of up to 7 times both long and short.

Pricing Structure
No margins. No implied volatility impact1. No time decay impact2

Transparency
Transparent pricing due to tradability of the products on exchange.

Long or Short
DLCs offer the flexibility to trade both rising and falling markets.

Risk Management
Low capital outlay and loss limited to invested amount.

Airbag
Slows the investor’s rate of loss in extreme market conditions when triggered.
1 Implied volatility is the market’s expectation of the fluctuation in the price of the underlying asset over the remaining lifespan of the product. The higher the implied volatility, the wider the expected price fluctuation of the underlying asset. This in turn means there is a higher probability for the option or warrant to trade deeper in-the-money and the investor making a higher profit. Options or warrants with a high implied volatility will therefore be priced higher.
2 Time decay is the change in an option’s or a warrant’s price as it gets closer to the option’s or the warrant’s expiry date. The option or warrant value (chance of getting “in-the-money”) declines over time (i.e. as it gets nearer to the expiry date).
Latest Insights on DLCs in Singapore
Guides on DLCs in Singapore
Useful Resources
Top Resources for SGX DLC Investors.
Daily Leverage Certificates (DLCs) on the SGX
Gain leveraged exposure to U.S. stocks – trade 3x long or short positions on popular names via Daily Leverage Certificates (DLCs) on SGX.
View DLCs on SGX