Cash Advance Service. 7.1. The Cash advance service can be directly registered and approved at the trading counters or/and by completing the online utility request form.
7.2. The Client agrees that Pinetree will automatically enhance securities purchasing power directly after selling orders matched. The Client can make Buy orders through automated purchasing power: Where: Advance rate shall be published in each period of time.
7.3. In addition to the Article 7.1 above, the Client, after registering the Cash Advance provided by Pinetree, is deemed to acknowledge that cash advance should be automatically processed in the following cases: • The Client places Buy orders while cash balance in account is not sufficient to carry out purchasing order; • The Client withdraws cash while money from the sale of securities is still pending.
7.4. When the Client making a Buy order and using the Cash Advance service ensures the conditions are as follows: • Sold securities are not pledged assets; • Cash advance must afford purchasing value, transaction fees and other fees. • Client's account is not stopped for breaching the agreement signed;
7.5. In case, the Party A has many successfully SELL orders at different times, cash advance shall be automatically processed with the principle of time order that the earlier order is prioritised for using cash advance and the SELL orders on different days are prioritised in order: T-2, T-1, and T (T is understood as this trading day today, T-1: one trading day before T, T-2: one trading day before T-1), until there is a change and an amendment made by regulators.
7.6. In case the Client’s debt balance exceeds the allowed limit, the Client acknowledges that Pinetree shall be entitled to use the cash advance service for paying for securities purchasing transactions on the Client’s account without any acceptance/agreement of the Client.
7.7. The Client accepts to refund and pays to Pinetree the advanced cash, advanced fee and other related fee (if any) by the way Pinetree automatically deducts/collects from cash account on the settlement day without client’s acceptance/agreement before.
7.8. The Client agrees to pay a minimum advanced fee in accordance with Pinetree’s tariff.
7.9. In cases where the Client’s purchasing orders are cancelled at the announcement of VSD for any reason while the Client used a cash advance, the Client must refund the advanced cash and the advanced fee and other arising fees (if any) in line with Pinetree’s regulations.
Cash Advance Service. 1. Subject to the Bank’s approval, the Card Member may use the cash advance service through a cash dispenser machine (the “CD”), ATM and so on, designated by the Bank. Service details of the cash advance service may be specified separately by the Bank.
2. In case of CD or ATM, the loan date shall be the date on which such CD or ATM is used.
3. The Card Member may use the cash advance service to the extent of the amount equal to the Cash Advance Limit minus the outstanding loan balance under the cash advance service.
4. When the Card Member has used the cash advance service during the Standard Duration, the Credit Cardholder shall repay on the Contract Payment Date in the following month of the month in which the expiry date of such Standard Duration falls, the total amount of the loans under the cash advance service made during such Standard Duration plus the fees on cash advances (which fees shall be calculated, with regard to each loan amount under the cash advance service, by multiplying the loan amount by the applicable interest rate prescribed by the Bank for the period commencing on the following day of the loan date of such cash advance and ending on such Contract Payment Date). The Credit Cardholder may Prepay in accordance with the provisions of Article 36.
5. In case where the whole or any part of the Contract Payment Amount is not paid on the Contract Payment Date, where the whole or any part of the Credit Cardholder’s total debt obligations owing to the Bank is not paid when due, or where the Card Member’s use of cash advance service is considered inappropriate in view of the usage status of the Card Member, the creditworthiness of the Card Members, etc., then the Bank may suspend further use of the cash advance service or reduce the credit limit.
6. The interest rate designated by the Bank shall be notified to the Card Member in writing or by other methods.
