Short-Term Financing is a financing facility that allows clients to extend their settlement period for up to 10 days. The normal settlement period for investing in shares is 3 days. Depending on the clients’ cash and share balance, which act as collaterals for the facility, Short-Term Financing provides the possibility to heighten investing goals and plans.
|Types of Collateral||Trading facility|
|Cash||Up to 2.5X|
|Shares*||Up to 1.5X, net all fee and charges|
* Subject to Bank's internal price capping and acceptable collateral from time to time
Outstanding position after T+10
Charges for contra within T+10
Charges incurred for shares picked up within T+10
Charges for losses incurred
The Short-Term Financing facility operates according to the supplementary terms and conditions as shown here, apart from the normal trading terms and conditions.
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