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Pledging service
An EVS service that provides capital support to clients through loans for securities trading, as regulated by the Securities Commission
- The loan term shall not exceed three (03) months from the disbursement date of the loan..
- Customers can request EVS to extend the debt in writing or apply for debt extension online
- The overdue interest rate will be determined by EVS according to its regulations during each loan term..
Advance against sales proceeds
Advance against sales proceeds is an EVS service that provides capital support, enabling customers to receive funds immediately after the execution of a stock sale order without having to wait for the sale proceeds to arrive in their account as per the current regulations (T+2).
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Frequently asked questions about
Margin
Margin trading at a securities company involves buying securities using borrowed money from the securities company, where the securities obtained from this transaction and other securities held in the investor's margin account are used as collateral for the borrowed funds.
Before engaging in margin trading, investors must sign a margin trading agreement with the securities company authorized to provide margin trading services to clients according to legal regulations. The margin trading agreement also serves as the contract for loans against the margin trading account.
Customers need to sign a Margin Trading Agreement with EVS. After that, customers can trade on the sub-account ending in '.3' with securities listed in the Margin Trading Portfolio at EVS.
Only stocks listed in the Margin Trading Portfolio can be traded on the Margin sub-account at EVS (sub-account ending in '.3'). Customers can check the detailed Margin Trading Portfolio here: https://en.eves.com.vn/service-product/margin-trading/margin-portfolio/. In case the stock "XXX" is not listed in the Margin Trading Portfolio at EVS, customers need to switch to the Regular sub-account (sub-account ending in '.1') to continue trading.
The Margin interest rates and fees for securities selling proceeds waiting to be credited may vary according to different periods. Customers can find detailed information in Section II. Financial Service Fees of the Detailed Securities Service Fee Schedule: https://en.eves.com.vn/service-product/fee-schedule/service-fee-schedule/
The interest on the loan is calculated based on the interest rate and the actual number of days borrowed (including trading days, holidays, and festivals) corresponding to the margin trading loan amount of the customer. The formula is as follows:
Interest on the loan = Loan amount * actual number of borrowing days * interest rate / 365
The margin loan interest at EVS will be calculated from the occurrence of the outstanding balance, including Saturdays, Sundays, and holidays.
The maximum loan term is not more than three (03) months from the disbursement date. Customers can extend the loan based on EVS regulations for each period, however, the extension period for each loan shall not exceed three (03) months.
Borrowers are allowed to repay the loan before the due date without any penalties. To repay the loan, the borrower deposits money into the margin sub-account before the system's end-of-day processing time. Any deposits made after the debt collection time within the day will be collected on the following day.
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With its experience and expertise, EVS is honored to be a strategic partner, providing premier securities services to large domestic and international enterprises.
