The securities cash advance service is a service provided by Pinetree that allows Customers to increase your purchasing power immediately after your sell order has been successfully executed, while also minimizing processing time for you.
Advance Fee = Advance Amount × Number of Days × Daily Interest Rate
Advance Amount: The amount advanced
Number of Days = Settlement date – Advance date
Current interest rate = 0.02916%/day (equivalent to 10.5%/year)
Applicable conditions:
Customers have registered for the securities cash advance service when opening new account at Pinetree.
Customers’ account has a successfully executed sell order, and the outstanding advance balance is less than the proceeds from the securities cash that are pending settlement.
