Financing Services

a. Cash-in-advance

The banking partner of MSC and/or MSC will help arrange funding for customers by making capital transfer transactions arising from the successful sale orders with the lowest cost. This way, MSC customers do not have to wait until T+3 to use the money from the stocks sold.

Automatical cash-in-advance online service
With some simple, convenient techniques, investors can use the web-trading MSC Vi-Trade in order to receive cash in advance automatically right after the sale orders have been matched in the session. This automated cash advance online service of MSC has met the rapid capital usage needs of investors in order to make purchase orders immiadiately in the session or to transfer monies for other requirements without coming to the transaction office.

The automatic cash advance online service is based on each matched order, the maximum receivable amount is calculated by the net amount of the matched transaction value and the brokerage fee. Right after the sold order its matched the cash will be credited into investors’ account.

b. Collateral

If customers have some securities but limited budget and seek to continue investing in the market, the bank counterparty to  MSC can help arrange capital. The customer will need to sign a sample of loan contract against collateral with the bank counterpart and later will receive money to trade at customer’s discretion.

c. Purchase underwriting

If customers require short-term funding, MSC and the bank counterparty can provide purchase underwriting facility with an agreed repayment plan in place. With this product, MSC can help investors maximise their opportunities in a volatile market. MSC provides purchase underwriting at T+2.

Investors can subscribe to purchase underwriting under two limits:

1. Active limit

Underwiting limit that is regulated by MSC with specific rates over security codes approved by MSC and depends on the market situation. The calculation of underwriting limit is as follows:

• Underwiting limit is based on investor’s current portfolio position, including purchased securities in delivery.

• Underwiting limit is based on current portfolio position of a third party, who agrees to underwrite investor’s purchase, that includes current securities, purchased securities in delivery.

2. Inactive limit

Investor can contact Broker in charge to arrange a meeting for subscribing underwriting limit. This limit will be reviewed periodically and based on:

• Personal Limit  
    ▪ Information on monthly income

• Supplement Limit (in connection with the bank counterpart)
    ▪ Rating on non-financial collaterals, or
    ▪ A third party’s underwriting