|
| Financing
Facility for Retail Investors |
|
| Features |
- Comfortable
and secure environment for trading
- NBP
financing at very easy terms requiring minimum
documentation
- Minimum
turn around time
- No
security requirement from the customer except
for the customer's equity
- Customer's
equity freely available for investment.
- Equity
acceptable in cash or approved share.
|
| Eligibility |
- Pakisani
National with vaid computerized national
ID Card
- Over
21 years of age
- An
account with NBP designated Branch
- Equity
in the form of cash or NBP approved
shares
- No
default with any financial institution
|
|
| Application
Procudures |
-
Obtain
facilty application form the NBP Marginal
Desk at designated branches
-
Fill
in the application form and submit
it to the branch
-
On
application approval, deposit equity
as cash in the margin financing account
at the bank. Alternatively NBP approved
shares can also be deposited in the
NBP CDC Account (CDC A/c No. 2345)
-
Start
trading through comfortable &
friendly trading centers establishment
for you (In collaboratino with Taurus
Security Limited a subsidiary of NBP)
-
Trading
limit available for the amount of
equity + bank financing.
|
|
| Financing
Amount: |
Rs.50,000/
- To Rs.10,000,000/- |
| Equity
Requirement: |
In
the Form of Cash or Shares or Both (Currently
Minimum Rs. 215,000/- @ 30%) |
| Shares: |
As
per NBP
Approved List Available. Shares In Physical
Form Not Acceptable. |
| Trading: |
Allowed
Only Through Trading Centers Created by NBP and
Operated by Taurus
Securities Limited (A Subsidiarty of NBP) |
| Pricing |
Fixed
Price At The Time of Facility Sanction,
Currently 6 Month Kibor + 3% (Per Annum) |
| Other
Charges |
-
On
Time Application Processing Fee of
0.5% of the loan amount or Rs.5,000/-
(Whichever is lower)
-
Brokerage
Charges/ Fees/ Taxes/ etc. Charged
At Actual On Brokerage Invoices
-
Documenation
Fee Would Be Charged On Actual
|
|
| Requirements |
-
Photograph
of Applicant
- NBP
Account - Current or PLS
- Marginal
Financing Application Form
- Copy
of CNIC
- Copy
of CNIC of Two (2) References
- Borrower
Basic Fact Sheet
- Duly
Filled In Statement of Assets &
Liablities
- List
od Shares, Given as Margin (Optional)
|
|
|
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