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 For Customers with no debt, the entire advance payment for securities sales may be withdrawn.

Advance Sales Fee will be calculated immediately when the customer makes an Advance Sales Fee.

Advance Sales Fee = SA amount * SA daily interest rate * number of SA days.