Cash Advance
With the abilities of quickly and timely providing funds, VDSC always 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from the sales of securities after the transactions will be automatically added to customers' purchasing power and withdrawn ability after fees and taxes deduction.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 loan term is overdue without an extension being accepted: 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
2-day Interest-free Advance
2-day Fee-free Advance is applicable to eligible account.
Eligible Clients
- Not using Margin Trading service or using marginDragon interest rate schedule.
- Recorded simultaneously matched buy and sell order along the day.
- No Margin Call at the end of day.
Service Descriptions
The system automatically calculates and records the preferential fee to eligible account.
- Operational Mode:
+ Automatically calculated daily based on the account’s transactions.
+ If the account simultaneously meets the conditions for 2-day Interest-free Margin, it will be recorded the more advantageous preferential refund value.
+ The maximum of days be refunded: 2 days.
+ The minimum of refund value: VND50,000. - Processing Time:
+ Calculating and recording accounts meet preferential conditions: Date T.
+ Refunding preferential value: Date T+2.
Service Features
- Optimize investment efficiency with 2-day Fee-free Advance.
- Receive preferential refund value daily if Client has both matched buy and sell orders.
- Available with no registration.