Common use of Cash Advance Service Clause in Contracts

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.

Appears in 2 contracts

Samples: Securities Trading Account Opening Contract, Securities Trading Account Opening Contract

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Cash Advance Service. 7.1. 3.1 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. 3.2 The Client agrees that Pinetree 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. 3.3 In addition to the Article 7.1 above, the Client, after registering the Cash Advance provided by PinetreePINETREE, 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. 3.4 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. 3.5 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. 3.6 In case the Client’s debt balance exceeds the allowed limit, the Client acknowledges that Pinetree 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. 3.7 The Client accepts to refund and pays to Pinetree PINETREE the advanced cash, advanced fee and other related fee (if any) by the way Pinetree PINETREE automatically deducts/collects from cash account on the settlement day without client’s acceptance/agreement before. 7.8. 3.8 The Client agrees to pay a minimum advanced fee in accordance with Pinetree’s PINETREE's tariff. 7.9. 3.9 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 PINETREE's regulations.

Appears in 1 contract

Samples: Securities Trading Account Opening Contract

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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.

Appears in 1 contract

Samples: Securities Trading Account Opening Contract

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