RongViet Securities Corporation
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Homepage  >   Our Business  >  Retails Clients  >  Financial Services  >  Cash Advance

With the abilities of quickly and timely providing funds, RongViet alwyas meets the demand of capital re-use from the customers. We co-operates with the banks to support clients using their cash by selling securities immediately instead of waiting for cash in T+2.
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.
  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from the sales of securities after the transactions will be automatically added to customers' purchasing power and withdrawn ability after fees and taxes deduction.
  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.
  If customers use margin trading:
+ 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.
+ 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.
  System automatically collect debt in the clearing day
  Fee of cash advance: Fee schedule.
Cash advance fee = Cash advance amount * Fee * Amount of days
  Cash advance amount is the mount of money used
  Fee: determine timely
  Amount of day is the real days from the time clients receive cash advance to the clearing day.
  Can use this service right after the stock is sold
  Can take it partially or fully from the selling cash, the minimum fee is not determined.
  Take exactly the amount that clients need, economically save money for clients.
  No documents required
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