A financing facility for stock market investors to get cash or liquidity by pledging their quoted shares without selling or losing ownership of their shares.
Eligibility
Collateral/Security – Counter listed on BMSB and acceptable to the Company (SJC)
Margin of Finance – Max 50% of the Shares Value or May Vary according the Counter
Minimum Facility – RM10,000
Tenure – 3 months only and rollover every 3 months up to 1 year subject to approval
Repayment – Service of profit only without principal