 TARGETED CUSTOMERS |
| Customers who have securities transactions on previous or during trading days but have not received money from sales in accordance with current clearing payment regulations. |
| DESCRIPTION |
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Proceeds from the sales of securities after the transactions will be automatically added to customers' purchasing power and withdrawn ability after fees and taxes deduction. |
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If customers use the proceeds to buy securities, withdraw/transfer or pay off debt obligations ... at the end of the day, the system will automatically generate cash in advance for securities transactions corresponding to the amount used. |
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If customers use margin trading:
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If Debt balance > Ability to recognize debts: the system will automatically generate cash in advance for securities transactions to collect debt until Debt balance = Ability. |
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If Margin contract cum Creadit contract is expired but not allow to extend: The system is toautomatically compute and sell corresponding stocks to collect debt. |
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System automatically collect debt in the clearing day |
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Fee of cash advance: Fee schedule. |
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| COMPUTE FEE OF CASH ADVANCE |
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Cash advance fee = Cash advance amount * Fee * Amount of days |
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Cash advance amount is the mount of money used |
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Fee: determine timely |
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Amount of day is the real days from the time clients receive cash advance to the clearing day. |
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| ADVANTAGES |
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Can use this service right after the stock is sold |
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Can take it partially or fully from the selling cash, the minimum fee is not determined. |
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Take exactly the amount that clients need, economically save money for clients. |
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No documents required |
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