Advance for sale

VFS offers Cash in Advance as a convenience to customers, allowing them to withdraw money from selling securities or use money from selling securities. Customers can use Cash in Advance to buy securities immediately after the order is matched on the market instead of having to wait for the money from Securities Depository Center.

Requirements

• Sign a contract to use the securities advance payment service at the VFS Securities Service Department.
• Customers who have sold and matched securities orders and require Cash in Advance can do so directly on the online trading system. Alternatively, notify the VFS Broker/Customer Service Department, and VFS will promptly execute your request.
• Customers can advance part or all of the sale amount
• Cash in advance fee: Regulated by VFS and notified to customers, the minimum fee is 50,000 VND/usage.
• Refund of advance: VFS will automatically deduct the Client’s cash advance requested amount and required fee from the Client’s Securities Depository when the sale proceeds to the account (T+2).

Advance purchasing power

Advance purchasing power is a service that VFS provides in advance of receiving cash from sales for customers. Users can immediately purchase amount based on the receivable securities sold, in order to optimize transactions and maximize opportunity cost for customers’ capital turnover:

• The purchasing power is automatically calculated on the cash obtained from the sale of securities receivable, no need to advance each time, saving time and not missing out on investment opportunities in securities.
• Sign up only once.
• Only pay the service fee if the order is executed.

Trading on Margin

Customers can use Trading on Margin products to strengthen their financial position; at VFS, we offer products with the following outstanding features:

• Competitive margin rates.
• Reasonable interest rates.
• Broad margin securities portfolio with more than 500 tickers.
• Maximum loan term for margin is 03 months. However, based on the customer’s request, VFS may allow an extension of additional 3 months.
• Automatic calculation and update of purchasing power when the account holder makes adjustments to assets or buys/sells securities.
• Detailed reports are updated at the online trading software, including:
  • Detailed reports on loans for margin trading, debt status and interest payment.
  • Report on total asset/real asset of customers
  • Report margin rates, withdrawal rates, additional margin requirements.

Margin portfolio