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Sri Lanka Equity Forum » Stock Market & Forum Help » credit offered by asia securities

credit offered by asia securities

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1 credit offered by asia securities on Mon Jul 04, 2011 11:05 pm

ipoguru


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I am with CSE for about 03 months. I never had margin limit in my account. That means my buying power was only cash.
Today I saw that margin limit is appeared in my CDS account. I have never asked for it from the broker. I am not in a mind to buy on credit... never in current market condition..

Why they are offering me this when I have not asked it? I have seen some guys posting that their margin limit is reduced...
Share your ideas and experience...

2 Re: credit offered by asia securities on Mon Jul 04, 2011 11:14 pm

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ipoguru wrote:I am with CSE for about 03 months. I never had margin limit in my account. That means my buying power was only cash.
Today I saw that margin limit is appeared in my CDS account. I have never asked for it from the broker. I am not in a mind to buy on credit... never in current market condition..

Why they are offering me this when I have not asked it? I have seen some guys posting that their margin limit is reduced...
Share your ideas and experience...

I am also with Asia Securities. By default they normally give 50% (I think) credit on the market value of stock you have as buying power. However if you purchase using buying power you have to settle within T+3 days. However if you do not settle all the buying power will be removed (i think) and only after full settlement of outstanding balance they will allow you buying power again. I think this was not done this way in the past. That's why there were so many purchases on credit and there are difficulties in settlements. I think other brokering firms too adopting the same strategy. Please correct me if i am wrong.

3 Re: credit offered by asia securities on Mon Jul 04, 2011 11:47 pm

npc86

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@ipoguru wrote:

I am not in a mind to buy on credit... never in current market condition..

.

Intelligent decision...! But what our people do is they take anything which are on free ne..! jocolor

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