Financing Services

1.    CASH ADVANCE ON MATCHED SELL ORDER

In order to meet clients demands for immediate cash, we provide cash advance on any matched sell order within three working days from the trade date till the settlement date (T+3). You can sign up for this product through our online trading system (KB-Trade) or send in request to any of our transaction outlets. Cash advance interest shall be calculated in reference to the rate noticed by KBSV from time to time.

Details of cash advance services are as follows:

  • Purpose: Only after three working days from the trade date, would money proceeds from the sale of securities be credited to your account. In the pending time, you may want to have cash to re-invest or spend on other purposes. Our cash advance product is to meet this need.

  • Eligible clients: clients, who operate accounts (or are authorized to operate accounts) with us.

  • Lending conditions: Sell orders are already matched.

  • Lending period: the actual number of days from the date of advance until the date of repayment   (when sale proceeds are credited to the client's account).

  • Loan repayment: advance amount and interest will be repaid to us from your account (Date: T+3).

  • Lending interest: Please refer to the Interest Rate Schedule or contact our Client Service Team for detailed information.

2.    MARGIN LOAN

You can borrow money from KBSV to finance part of the sum needed to buy the listed securities. This means you can leverage your finance to buy more securities.

Details of margin loan are as follows:

  • Purpose: To provide a means of financial leverage at your convenience. With margin loans, you can use our financing to finance part of your purchase of listed securities.

  • Eligible clients: clients, who operate accounts (or are authorized to operate accounts) with us.

  • Lending conditions: You are required to sign a margin loan contract to open a margin loan account with us. You can place orders to buy or sell securities on margin loan accounts in the same way as that for regular securities accounts through online trading (KB-Trade), call center (KB-Call) and any of our transaction outlets.

  • Lending period: margin loans are for duration of three months. Each loan can be extended for another three more months at your request. The maximum total duration of each margin loan is six months.

  • Loan repayment: Principal and accrued interest on margin loans (calculated on the actual number of days) will be paid out of the proceeds from sale of securities or any available cash balance on your account. Interest will need to be paid at the end of each loan period regardless of extension (i.e. every three months) while principal will be repaid at the end of the extended period (i.e. maximum six months).

  • Lending interest: Please refer to the Interest Rate Schedule or contact our Client Service Team for detailed information.

3.    CASH PLACEMENT

While waiting for new investment opportunities, you may choose to place your idle cash in flexible terms from one week to three months with us to enjoy an attractive interest rate. If need cash before maturity as an investment opportunity may come sooner than expected, you may terminate the contract at any time to buy stock or spend on other purposes.

Details of cash placement product are as follows:

  • Purpose: To enhance client’s cash management to enhance the investment yield.

  •  Eligible clients: clients, who operate accounts (or are authorized to operate accounts) with us.

  • Terms and conditions: We only accept cash placement with minimum balance of VND 100 million per contract.

  • Placement period: from one week to three months. In you change your mind along the way, you may choose to terminate the placement contract before maturity. You can also use cash placement as collateral against the purchase power on your margin loan account.