FAQS Discretionary Financing
It’s financing provided by a Participating Organisation that allows client to settle the outstanding purchase contract between T+4 and T+7 instead of T+3.
Interest / Holding charges will be levied on outstanding purchase contracts from T+3 night until settlement. For latest rates, please contact your dealer or remisier.
Settlement can be by way of cash or contra.
T+4 onwards. No interest is charged if the purchase contract is settled before T+4.
(i) Cash Deposit
(ii) Listed shares approved by the Bank. Non-acceptable stocks are PN17 Stocks, Warrants, Loan Stocks and RHB Capital shares.
Force selling occurs on T+8 if clients fail to settle the outstanding purchase contract on T+7.