Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

Sri Lanka News
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

You are not connected. Please login or register

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

credit offered by asia securities

View previous topic View next topic Go down  Message [Page 1 of 1]

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

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum