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Homepage  >   Our Business  >  Retails Clients  >  Financial Services  >  Margin Trading

Leverage is a necessity for investment return magnification. RongViet‘s Margin trading services promises safety, efficiency and the variety to meet every investor's needs. The service is constructed on a diverse, monthly updated list of eligible stocks that satisfy our criteria and the relevant stock exchange’s requirements, competitive and flexible margin rate…
    ELIGIBLE CLIENTS
  All clients with a broker or account manager of RongViet Securities.
  Clients who have signed the Margin Trading Account Opening Contract cum Credit Contract with RongViet Securities.
     SERVICE DESPCRIPTION
  Contract term: 03 months.
  Contract extension: When a contract expires, the client can submit an extension request for RongViet's approval; the maximum period of extension is 03 months.
  Interest rate: In accordance with RongViet's then-applying rate schedule, Rate schedule.
  Lending ratio: In accordance with RongViet's margin lending policy and the policy of the SSC.
     MARGIN ELIGIBILITY LIST
 

Eligibility list as of November 07/05/2018.

     MARGIN LENDING RULES
Disbursement and colletion rules
A client's account may receive one of more disbursements within the lending limit offered by RongViet to finance transactions on the account.
 

Depending on the lending limit, the client's borrowing capacity and RongViet's lending capacity, the system may approve or reject a transaction.

  Once a buy order is filled, the system will automatically settle the buying amount in the following order:
1. Cash (if any);
2. Sale proceed waiting for settlement (if any);
3. Borrowed cash: The system will automatically disburse cash for settlement and enter a credit entry on the account.
  In the event the account's borrowing capacity allows a buy order and the client wishes to borrow instead of using the cash balance or pending sale proceeds for settlement, the client may contact the assigned broker for disbursement; the manximum disbursement is the value of the buy order.
Collection rules
  Interest collection date: the 25th of each month and may be subject to change.
+ If the client terminates the contract, the collection date is the date of termination.
+ If the collection date is a non-working day or a holiday, the collection shall be performed on the next working day.
  Interest calculation: Interest is calculated based on the actual balance of credit each day, accumulated, deducted from Purchasing power after each trading day to be collected as a lump sum on the collection date.
  If a account has no cash balance on the collection date, RongViet shall perform collection by: Requesting cash deposit by the client, liquidating the collateral or compounding the interest to the principal amount.
  If a account is overdue, the outstanding principal shall be applied an overdue rate for from the date of overdue.
Overdue rate equals (=) 150% the interest rate by RongViet schedule.
Securities depreciation 
  Oustanding loan > Borrowing capacity
If the account has a cash balance and/or pending sale proceeds, the system shall perform automatic collection to ensure the Outstanding loan equals the Borrowing capacity
  30% < Margin ratio < 45%
The client is required to supplement account asset to bring the margin ratio back to the required level (Margin ratio ≥ 45%).
  Margin ratio ≤ 30%
RongViet has the right to perform any necessary action to collect the loan and bring the margin ratio back to the required level (Margin ratio ≥ 45%).
     RELATED DEFINITIONS
Terms Explanation Calculation
Lending limit The maximum outstanding loan on an account.
Borrowing capacity The maximum amount a client may borrow when performing transactions on securities in the eligibility list at different lending ratio.
Note: If the borrowing capacity exceed the lending limit, the borrowing capacity is set at the lending limit.
Borrowing capacity = ∑ Number od securities eligible for margin trading x Market price x Margin ratio
Purchasing power The maximum value of securities that can be purchased for an account Purchasing power = Cash balance + Borrowing capacity - Aggregate liabilities at the time of calculation – Aggregate fees
Cash balance Cash balance = Cash + Advanceable sale proceeds
Outstanding loan The total amount a client borrows from RongViet
Margin ratio The actual ration between a client's equity value and the total asset value of the margin trading account Margin ratio = Equity value / Total value of assets on the margin trading account
Maintenance margin ratio The minimum margin ratio that must be maintained on an margin trading account at RongViet in accordance the SSC's requirements Maintenance margin ratio = 45%
Collateral supplement The value of additional securities or cash a client must deposit when securities depreciate in value and results in the margin ratio of the account falling below the maintenance ratio. The supplement of collateral must be made in the form of:
+ Additional deposit of securities (A)
+ Additional deposit of cash (B)

A:
Value of additional securities deposit = (Margin ratio - Maintenance ratio)/(1 – Maintenance ratio) x Total value of assets on the margin trading account by market prices

B:
Value of additional cash deposit = (Margin ratio - Maintenance ratio)/(1 – Maintenance ratio) x Total value of assets on the margin trading account by market prices
     FEATURES
  Streamlined procedures, quick processing, flexible extension period.
  Diverse eligibile stock list.
  Promotional rates.
  Solid and ample financing capacity.
  Computerized and automatic purchasing power calculation, lending limit and margin ratio management....

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LIÊN HỆ 

Ms. Ly Thi Tuyet Loan

Manager of Financial Services Dept.

Email :  loan.ltt@vdsc.com.vn

Tel     :  (028) 6299 2006 - Ext 1255

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