In order to support customers to trade, an inevitable need is to own the necessary capital to carry out investment activities. At CASC, we offer a wide range of financial tools that can simplify and accelerate the financing process according to the needs of our clients.
1. SECURITIES SALES ADVANCE
In order to meet the needs of using and circulating capital for customers, CASC provides the service of advance payment of securities sales within 03 working days from the time the customer's order to sell securities is matched on the Exchange. Customers can register for this service online or visit CASC's trading floor in person. Advance fee is calculated according to CASC regulations.
Product Information:
- Purpose: Normally, after 2 working days, since the order to sell securities is successful, the money from the sale of securities will be returned to the customer's account. While waiting for the money to return, customers want to quickly turn around capital and increase profits by continuing to invest. CASC is ready to provide cash advance service for selling securities, in order to meet the capital use needs of customers in the fastest and most effective way.
- Subjects: Customers who open accounts (or are authorized) to trade securities at CASC.
- Advance condition: The customer's sale transaction has been matched, waiting for money to be sent to the customer's account.
- Advance time: Actual number of days, from the date the customer receives the advance until the date of refund (the date of the securities sales return to the customer's account)
- Payment method: The amount and advance fee will be refunded to CASC, deducted from the customer's account when the proceeds from the sale of securities are returned to the account (date T+2).
- Interest rate for advance payment: Customers can see details in the Financial Services Interest Rate table or contact our customer service specialists.
2. MARGIN TRADING
Investors can use part of CASC's loan to buy more listed securities than their normal capacity.
Product Information:
- Purpose: Provide a financial instrument - margin lending, convenient for customers. With the margin trading service, customers can use part of CASC's loan to buy listed securities.
- Subjects: Customers who open accounts (or are authorized) to trade securities at CASC.
- Conditions for margin loan: customers need to sign "Securities Margin Trading Contract" with CASC. Customers can place orders to buy and sell securities using CASC's margin loans through all three methods similar to normal orders: via the internet, over the counter or by phone.
- Time for margin lending: maximum is 03 months from the date the customer buys securities. Based on the customer's request for extension, CASC may approve the extension for another 03 months.
- Payment method: The principal and interest of the margin loan (calculated on the actual number of days of using the margin loan) will be returned to CASC, deducted from the customer's account when the proceeds from the sale of securities are returned to the account or have a cash balance. Interest is collected monthly, principal will be collected at the end of the period.
- Margin lending interest rate: Customers can see details in the Financial Services Interest Rate table or contact our customer service specialist
