Advance against Securities

Advance against Securities is a credit product that supports customers by making advance of the securities sale precedes while they are waiting for receipt of securities sale proceeds securities companies.

  • Borrowers can withdraw money in advance after selling their securities without having to wait 3 or 4 days as regulated by State Securities Commission of Vietnam.
  • High advance value
  • Object: Individuals who carry on securities business and are in need of advance while waiting for receipt of securities sale proceeds.
  • Repayment method: Principal and interest shall be paid when proceeds from selling securities are paid to the borrower’s account.
  • Loan Conditons
    • Individuals who can meet lending conditions of BAOVIET Bank
    • Individuals who have transaction at the securities companies signing cooperation contract about securities advance loan with BAOVIET Bank
    • Maximum loan term is 5 working days
    • Maximum loan limit is less than or equal to the sale proceeds value of the auctioned stocks less any fees and taxes (if any)
    • Interest can be collected when the proceeds are disbursed or upon the loan maturity.
  • Collaterals: The security property is the right of collecting proceeds from selling the securities.
  • Loan application form cum credit contract (according to BAOVIET Bank’s form)
  • Notice of Successful Stock Auction of Securities Company
  • ID Card (copy)
  • Transaction Authorization Letter (if any)
  • List of advance borrowers with the approval of Securities Company.

To find out more information, please call BAOVIET Bank Customer Sevices Center. Tel: 1900 55 88 48 or (04) 39 38 19 19

Share: