NON PRE-FUNDING – NEW INVESTMENT STRATEGY WITHOUT IMMEDIATE CAPITAL
PHS would like to introduce NPF trading service for foreign institutional investors with detailed instructions as follows:
1. Registration Procedure
Contact for Registration: Please contact your account management at PHS Branches/Trading offices for detailed guidance on the NPF service registration procedure.
2. Conditions and Requirements
- Agreement with PHS: Customer is required to sign an agreement with PHS regarding the use of the NPF service, which includes terms on payment risk assessment and the required amount when placing stock purchase orders.
- Asset Evaluation: PHS will determine the necessary amount for stock purchase orders based on customer’s current assets.
3. Applicable Securities List
List Updates: The list of stocks available for the NPF service will be updated and published on PHS's official website at www.phs.vn.
4. Transaction Execution and Payment
- Payment Deadline: After placing a stock purchase order, customer must ensure full payment to PHS within the time specified by PHS.
- Handling Insufficient Payment:
- If you DO NOT fully pay the amount for the stock purchase within the specified time, PHS will transfer the obligation for the unpaid transaction to the company’s proprietary account.
- The Customer must pay PHS for any incurred costs, including price differences, capital costs, fees, taxes, and other reasonable expenses related to the sale of securities as stipulated by PHS;
- PHS reserves the right to utilize all assets in your account to settle and offset any losses and fees arising from the unpaid balance.
5. Buy back stock:
If customer need to buy back the shares that have been processed by PHS due to lack of payment, please notify PHS no later than 2:00 PM on the second day from the time of the NPF Transaction for support.
Notes:
- PHS has the right but not the obligation to resell securities to the Customer in any case.
- Detailed information about NPF transaction fee schedule:
|
POLICY |
APPLICABLE FEES |
|
Customers Target |
Foreign investors are organizations - sign NPF transaction agreement contract |
|
Loan Term |
01 day |
|
Interest free |
01 day |
|
NPF fee |
13.5%/year |
|
Late interest |
150% of NPF fee |
Note: NPF fees will change according to PHS regulations and periods.
