This is a Margin product for Customers who are partially lent by ACBS to buy securities based on collateral assets such as purchased securities, money and securities in the Margin Securities Portfolio, with an interest rate of 0%/year for the first 07 days from the date of purchase transaction with debt. * See details here If you need information support or registration instructions, please contact ACBS Customer Service or hotline 1900555533.
What margin trading products does ACB currently offer?
In addition to the standard Margin Trading product, ACBS also offers 02 additional product packages: Margin T+ and Margin T14.
If you need information support or registration instructions, please contact ACBS Customer Service or Call Center at 1900555533.
What are the conditions for using the Margin T+ product at ACBS?
– You need to have a margin trading account (Margin) at ACBS and have registered to use the product according to the prescribed procedures. * See detailed informationhere If you need information support or registration instructions, please contact the Customer Service Staff or ACBS Call Center at 1900555533.
What do I need to do if I want to use the Margin T+ product at ACBS?
To register to use the product, please bring your valid ID card/Citizen ID card to the ACBS Branch/Transaction Office.
If you need information support or registration instructions, please contact the Customer Service Staff or ACBS Call Center at 1900555533.
What kind of customers is the Margin T+ product suitable for at ACBS?
T+ interest-bearing margin trading is suitable for customers with high transaction frequency and who want to reduce transaction costs.
When using the Margin T+ product, can I participate in other interest rate incentive programs of ACBS?
No. You will not be able to participate in other interest rate incentive programs at ACBS.
* See detailed information here If you need information support or registration instructions, please contact the Customer Service Staff or ACBS Call Center at 1900555533.
How is ACBS calculating Margin T+ interest?
– Interest is calculated based on the actual outstanding balance of the loan at the end of each day.
– Let T1 be the day the Customer makes a purchase that generates debt. From T1 to Tn is counted by calendar day
– From T1 to T7: interest rate 0%; From T8 to Tn: interest rate 13%/year.
Example:
Day T1
0%/year
Day T7
13%/year
Dat Tn
Applicable from 25 December 2023
– ACBS will set the interest rate on the customer’s margin trading account at 13%/year. Periodically in the first 5 working days of the month, ACBS will recalculate the actual interest amount according to the product regulations and refund the customer the amount of interest collected.
– Loans due to transactions arising before the date of product registration will be applied an interest rate of 13%/year from the date of registration until the date the customer fully pays off these loans.
If you need information support or have any questions, please contact the Customer Care Staff or ACBS switchboard at 1900555533.
How will interest be calculated for loans incurred before the date of registration for using the Margin T+ product at ACBS?
Loans arising from transactions incurred before the date of registration for using the product will be applied an interest rate of 13%/year from the date of registration until the customer has fully paid off these loans.
If you need information support or have any questions, please contact the Customer Service Staff or ACBS call center at 1900555533.
What should I do if I do not want to continue using the Margin T+ product at ACBS?
To stop using the product, you need to cancel the product registration. Please bring your valid ID card/Citizen ID card to the ACBS Branch/Transaction Office in person (here)
If you need information support or registration instructions, please contact the customer service staff or ACBS hotline at 1900555533.
After canceling my registration for the Margin T+ product, what interest rate will be applied to the unpaid loans on my ACBS account?
From the date of canceling the Margin T+ product registration, the unpaid loans will be applied the margin trading interest rate as announced by ACBS on the website or other interest rates as announced by ACBS from the date of cancellation.
If you need information support or have any questions, please contact the Customer Service Staff or ACBS hotline at 1900555533.
The Margin T14 product helps customers increase their purchasing power by allowing ACBS to lend customers a portion of the purchase price of securities based on the customers’ collateral assets, which are purchased securities, money and securities in the Margin Securities Portfolio.
– Customers who register to use this product will enjoy a preferential interest rate of 8%/year for the first 14 days of the loan (from the 15th day onwards, the loan will apply an interest rate of 13%/year).
If you need information support or have any questions, please contact the Customer Service Staff or ACBS hotline at 1900555533.
What kind of customers is the T14 Margin product suitable for at ACBS?
T14 Margin Trading is suitable for customers with high transaction frequency, helping customers reduce transaction costs thanks to preferential interest rates.
If you need information support or have any questions, please contact the Customer Service Staff or ACBS hotline at 1900555533.
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