Individuals who hold following documents: Listed or non-listed fund certificate at the Stock Exchange or Securities Trading Center. Stocks, bonds (convertible or non-convertible). - Eximbank will not give loans to enterprises, which Eximbank takes control, to invest in securities.
Currency:
Eximbank lends in Vietnam Dong.
Term:
Maximum in 12 months and does not exceed the remaining term if secured by bonds.
Amount:
Amount will depend on the customer’s need of borrowing, collaterals, repayment capability and securities rating (rated by the Financial Investment Department), but have to ensure the following rates: 1. For stocks and fund certificates: Lending rate does not exceed 30% of market price. 2. For non-convertible bonds: Lending amount does not exceed 95% of current value of bonds. 3. For convertible bonds: Lending amount does not exceed 30% of market value of the convertible bond if it is bound to be converted to stocks.
- Market price is the order-matching price at the Stock Exchange or Securities Trading Center in the latest session which is defined in each lending period for stocks, fund certificates and listed convertible bonds.