• All clients with a broker or account manager of VDSC.
• Clients who have signed the Securities Trading Account Opening Contract cum Service Registration Application.
• Clients who have registered marginDragon.

• Margin loan term: 03 months.
• Service extension: When a contract expires, the client can submit an extension request for VDSC's approval; the maximum period of extension is 03 months.
• Interest rate: In accordance with VDSC's then-applying rate schedule, Fee schedule.
• Lending ratio: In accordance with VDSC's margin lending policy and the policy of the SSC.

Disbursement and Collection Rules

A client's account may receive one or more disbursements within the lending limit offered by VDSC to finance transactions on the account.

• Depending on the lending limit, the client's borrowing capacity, and VDSC's lending capacity, the system may approve or reject a transaction.

• Once a buy order is filled, the system will automatically settle the buying amount in the following order:

  - Cash (if any);
  - Sale proceeds to wait for settlement (if any);
  - Borrowed cash: The system will automatically disburse cash for settlement and enter a credit entry on the account.
• In the event the account's borrowing capacity allows a buy order and the client wishes to borrow instead of using the cash balance or pending sale proceeds for settlement, the client may contact the assigned broker for disbursement; the maximum disbursement is the value of the buy order.
  

Collection Rules

• Interest collection date: the 25th of each month and may be subject to change.
  + If the client terminates the contract, the collection date is the date of termination.
  + If the collection date is a non-working day or a holiday, the collection shall be performed on the next working day.
• Interest calculation: Interest is calculated based on the actual balance of credit each day, accumulated, deducted from Purchasing power after each trading day to be collected as a lump sum on the collection date.
• If an account has no cash balance on the collection date, VDSC shall perform collection by Requesting a cash deposit by the client, liquidating the collateral, or compounding the interest to the principal amount.
• If an account is overdue, the outstanding principal shall be applied to an overdue rate from the date of overdue.
  Overdue rate equals (=) 150% the interest rate by VDSC schedule.
  

Securities Depreciation 

• Outstanding loan > Borrowing capacity
  
If the account has a cash balance and/or pending sale proceeds, the system shall perform automatic collection to ensure the Outstanding loan equals the Borrowing capacity
• 30% < Margin ratio < 45%                                                      The client is required to supplement account assets to bring the margin ratio back to the required level (Margin ratio of ≥ 45%).                                    
• Margin ratio of ≤ 30%                                                              VDSC has the right to perform any necessary action to collect the loan and bring the margin ratio back to the required level (Margin ratio ≥ 45%).

• Streamlined procedures, quick processing, flexible extension period.
• Diverse eligible stock list.
• Promotional rates.
• Solid and ample financing capacity.
• Computerized and automatic purchasing power calculation, lending limit, and margin ratio management...