Cash advance
Advance payment for sales
- Content of “Overview of Advance Payment”
- Advance Payment is a service that NVS Securities supports capital to help investors receive money immediately after matching securities sale orders without having to wait for the sale money to be transferred to the account as per current regulations (T+2). Investors can use the advance sale money to reinvest or use for other purposes.
- Content of “Forms of Sales Advance”
- Investors can advance all or part of the matched sale proceeds at each time the investor makes a request.
- Content of “How and instructions for implementing Sales Advance”
See detail Here.
- Content of “Fees”
See detail here.
Frequently Asked Questions
The advance payment service for securities sales is a service that the securities company supports for customers to use the money from selling securities immediately after matching orders instead of waiting for the money to be transferred to the account on T+1 or T+2 according to current regulations.
When customers need to advance payment for securities sales, NVS will advance the full amount of money that customers need to withdraw/transfer money, pay principal/interest/loan fees, pay for securities purchases, and exercise purchase options.
After making an advance payment for securities sales, the Customer may withdraw part or all of the advance payment for securities sales, depending on the regulations of NVS at each time regarding maintaining the withdrawal rate to ensure the ability to pay debts on the Customer’s account. For Customers with no debt, the entire advance payment for securities sales may be withdrawn.
