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Surplus Cash Facility
12 months/24 months / 3-month payment holiday installment and first-month payment holiday with interest free (for option assign only)are available under this scheme, the monthly repayment amount for 24 months plans could be as low as around HK$3,000.
Under this scheme, the interest rate for the 12 months installment is as low as 2.88 % p.a., 24 months installment period is as low as 3.38 %** p.a. , 1-month payment and 1-month interest wavier installment is as low as 3.88% p.a.***, which are lower than the current margin rate.
*P refers to Hong Kong Dollar Prime rate of Standard Chartered Bank, which is 5.375% on 1 April 2019.
*P - 2.495% p.a. (While "P" = 5.375% p.a.)
**P - 1.995% p.a. (While "P" = 5.375% p.a.)
***P -1.495% p.a. (While "P" = 5.375% p.a.)
In each new Share Mortgage contract, “P” refers to Prime rate of Standard Chartered Bank on draw down day.
Client may mortgage existing stocks by transferring his/ her existing stocks in Master Account to Sub Account as collateral under the Scheme. The company will draw down up to 70% market value of the stock from Sub Account to Master Account.
Customer joining this scheme can enjoy brokerage fee waiver for both buy or sell order. It may help to increase client’s investment return.
Customers are entitled to receive the dividend from the shares purchase.
Stocks with margin ratio 60% or above are available for this scheme. Customers have a wide range of choices.
Client can repay the outstanding and terminate the scheme without any additional charges.