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 |
|
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from the sales of securities after the transactions will be automatically added to customers' purchasing power and withdrawn ability after fees and taxes deduction.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. |
|
COMPUTE FEE OF CASH ADVANCE |
|
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. |
|
ADVANTAGES |
|
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 |
|