After successfully selling securities at ACBS, when will I receive the money?
According to the regulations on Clearing and Settlement in securities transactions currently applied: for stocks, fund certificates and warrants, the sale proceeds will be automatically credited to your securities account after 11:30 on T+2 day from the successful sale date (T0 day) and excluding holidays,… For listed corporate bonds, it will be T+1 and privately issued corporate bonds will be T+0.
In order to support you in increasing cash flow in securities transactions or withdrawing money earlier than the payment date, ABCS is currently providing the service of Advance payment for securities sales, especially 100% exemption of advance fee if used to buy securities. You can find out more here.
After successfully buying and matching orders at ACBS, when can I sell?
According to the regulations on Clearing and Settlement in securities transactions currently applied: for stocks, fund certificates and warrants, they will be automatically recorded in your securities account after 11:30 on T+2 day from the date of successful purchase (day T0) and not including holidays, holidays, etc. Accordingly, you can place an order to sell securities from the afternoon session on T+2 day. For listed corporate bonds, it will be T+1 and privately issued corporate bonds will be T+0.
For example: On Monday, successfully buying 100 XXX shares, after 11:30 on the following Wednesday, you can place an order to sell this amount of shares on your account.
What should I do if I want to advance money from selling matched securities to withdraw money (or for other purposes other than buying securities)?
– You can do it through ACBS’s online trading system or contact the Call Center 1900.5555.33. In addition, you can bring your ID card directly to the ACBS Office or contact ACBS’s customer service staff for support.
– Amount that can be advanced to the Omnibus Account = Amount of money waiting to be returned to T1, T2 – Advance debt – Expected advance interest – [Amount of money waiting to be returned to be used to buy securities during the day (for Bank Gateway accounts (BGW))]
– For the Omnibus Account: If you want to WITHDRAW MONEY, DO NOT perform the Advance transaction before (because the money will be added to the Balance).
– For Bank Gateway accounts (BGW): If you want to WITHDRAW MONEY, you need to perform the Advance transaction. The advance will be disbursed to your bank account.
Does ACBS provide securities advance payment service?
Yes. ACBS provides securities advance payment service to all customers who have securities trading and depository accounts at the Company.
What should I do if I want to advance money from selling matched securities to buy securities at ACBS?
– You do not need to perform any advance money procedures because the pending sale money will be automatically calculated into the purchasing power of your account immediately after selling matched securities.
– Buying securities on pending sale money will not be recorded as an advance debt and will not be charged interest at ACBS (applicable to both Omnibus accounts and BGW linked accounts).
What is the current interest rate for advance service for selling securities at ACBS?
– To order securities: Free
– To withdraw money (or other purposes): 14%/year (calculated on the basis of 360 days/year).
You can check the Fee Schedule on the ACBS website here
What is the current principle of calculating advance fees at ACBS?
ACBS calculates advance fees based on the amount of money customers advance and the actual number of days of use from the date of advance transaction.
Can I check the history of advance payments on my securities account at ACBS? Where can I see it?
You can do it through ACBS’s online transaction system or contact the Call Center 1900.5555.33. Or else, you can bring your ID card directly to the ACBS Office or contact ACBS’s customer service staff for support.
What is the principle of advance payment for securities sales on the Customer’s account at ACBS?
When the securities sales money is reported to the Customer’s account, ACBS will deduct the amount that the Customer has advanced and any advance fees incurred.
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