May 19 2017, 09:36 PM
QUOTE(Proprop88 @ May 18 2017, 12:16 AM)
Anyone know Maybank share margin works?
1. Say I have certain share in direct account with maybank, do I need to change to nominees when I want to use the share margin?
2. Say I got certain stock with maybank now, and can I use it as collateral ?
3. If I use this margin facilities to loan say 50k, if I don't use it does it incur any cost ? Like interest, processing fees, annual fees or something?
4. The reason I ask this is because I plan to prepare extra bullets incase... bearish, want to get some cheap stock...
1. SMF definitely needs to open a new nominee account1. Say I have certain share in direct account with maybank, do I need to change to nominees when I want to use the share margin?
2. Say I got certain stock with maybank now, and can I use it as collateral ?
3. If I use this margin facilities to loan say 50k, if I don't use it does it incur any cost ? Like interest, processing fees, annual fees or something?
4. The reason I ask this is because I plan to prepare extra bullets incase... bearish, want to get some cheap stock...
2. Yes
3. Ask Maybank if there is any commitment fee, my latest info is no. Not sure about annual fee.
4. Good luck. Be careful then it is very easy to say want to buy some cheap stock in bear market, but when it comes...
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