Question 1. Who is eligible to register for P-Margin?

– P-Zero / P-5.9%: Customers who open a new margin account or existing margin account holders who have had no outstanding margin debt for six months before registration.

– P-6.8%: Customers must belong to one of the following two groups:

• [1] Customers who have never incurred margin debt at Pinetree, or
• [2] Customers who previously incurred margin debt at Pinetree before registering for the P-6.8% package and meet both of the following conditions regarding average margin debt:
  • (i) The average margin debt over the last 30 days (counting only days with margin debt > 0) has increased by at least 5% compared to the average margin debt of the 30 preceding days (counting only days with margin debt > 0).
  • (ii) The average margin debt over the last 30 days (counting only days with margin debt > 0) is lower than the total maximum limit of the P-6.8% package(s) the customer is registering for.

Question 2. What are the benefits of the P-6.8% package compared to the base interest rate of 9.9%?

Assuming the customer registers for 4 packages with a total credit limit of 1 billion VND for 30 days, the amount of money the customer saves by using the P-6.8% package compared to the base interest rate of 9.9% over 30 days is as follows:

P-6.8% Package (~~0,01889%/day)	Base interest rate 9.9% (~0,0275%/day)
Usage Fee = 4 x 500.000 = 2 million VND Interest to pay within 30 days = 1 billion x 0,01889% x 30 days ≈ 5,67 million VND Total amount to pay within 30 days = 2 million + 5,67 million = 7,67 million VND Effective Interest Rate of The Loan = (7,67 million/1 billion) x (360 / 30) = 0.092 ~ 9.2%/year	Usage Fee = 0 Interest to pay within 30 days = 1 billion x 0,0275% x 30 days = 8,25 million VND Effective Interest Rate of The Loan : 9.9%/year

=> Saved Amount = 8,25 million – 7.67 million = 580,000 VND

Therefore, if used continuously for a 90-day loan term, the amount saved = 580,000 x 3 = 1,740,000 VND.

Question 3. How can customers register for the P-Margin program?

Eligible customers can register for P-Margin through Pinetree’s online trading platforms, including Webtrading and the AlphaTrading application.

Question 4. Can customers register for multiple P-Margin services at the same time?

Customers can only register for one P-Margin service at a time.

Question 5. Can customers switch between P-Margin options after selecting one?

Customers can switch between P-Margin options only if no loan has been initiated with interest applied under the current package. To switch, customers must first cancel their registered package and then register for a different P-Margin package.

Customers can only cancel the package if no loan has been incurred that benefits from the preferential interest rate of the package.

Question 6. What are the interest rates, loan terms, and limits for P-Margin packages?

• P-Zero Package: 0% per year for 30 days, with a limit of 100 million VND/day.
• P-5.9% Package: 5.9% per year for 90 days, with a limit of 100 million VND/day.
• P-6.8% Package: 6.8% per year for 30 days, with a limit of 250 million VND per package. Customers can register for multiple P-6.8% packages, and the total preferential limit will increase accordingly. Example: If a customer qualifies for two packages, the total limit eligible for the 6.8% interest rate would be 500 million VND/day for 30 days.

For more details, refer to the fee schedule here.

Question 7. Do I have to pay a fee to register for P-Margin?

Aside from margin loan interest and other regulatory fees/taxes, customers do not have to pay any additional fees when registering for P-Zero or P-5.9%.

For the P-6.8% package, a service fee of 500,000 VND per package will be deducted at the time of registration. If the customer does not incur any margin debt that qualifies for the preferential interest rate of the P-6.8% package after registration, this fee will be refunded to their securities account.

Question 8. I registered for 2 P-6.8% packages, with a total limit of 500 million VND and paid a usage fee of 1 million VND, but I only disbursed 250 million. Will I be refunded the fee for the unused package?

If you have already disbursed funds and received the preferential interest rate under the P-6.8% package, the usage fee will not be refunded. We kindly advise you to plan your margin usage carefully.

Question 9. Will the P-6.8% package apply to my existing loan when I register?

Yes, the P-6.8% package will apply to your existing loan as long as it is not overdue at the time of registration.

Question 10. So if my current margin debt is 1.9 billion VND before registering for P-6.8%, how many packages can I register for?

If you are eligible for the P-6.8% package, you can register for up to 20 packages (equivalent to a 5 billion VND limit). However, you must register for at least 8 packages (equivalent to 2 billion VND) to ensure the registered limit exceeds your current margin debt of 1.9 billion VND.

Question 11. I am eligible to register for 4 P-6.8% packages, but I have only registered for 2 packages. Can I register for more?

Yes, you can register for additional packages within the first 5 days after your loan is applied with the P-6.8% interest rate.

Example:

• (1) For customers with existing debt:
  • On Jan 2, 2025, you register for 2 P-6.8% packages. From this date, your existing margin debt will be applied with the 6.8% annual interest rate.
  • From Jan 2 to Jan 7, you can register for 2 more P-6.8% packages.

• (2) For customers without existing debt:
  • On Jan 2, 2025, you register for 2 P-6.8% packages.
  • On Jan 6, 2025, you take a loan, and the 6.8% interest rate is applied from this date.
  • From Jan 6 to Jan 11, 2025, you can register for 2 more P-6.8% packages.

Question 12. Can I extend P-Margin packages?

• P-Zero and P-5.9%: Cannot be extended. After the package term ends, the basic margin interest rate will apply.
• P-6.8%: Can be extended within the last 5 days before the package expires. Customers can choose to renew, increase, or decrease the number of registered packages.

Example (continuing from Question 8, Scenario 2):

Registration date: Jan 2, 2025

Effective date: Jan 6, 2025 → Expiration date: Feb 4, 2025

From Jan 30 to Feb 4, 2025, you can extend, increase, or decrease the number of P-6.8% packages, provided you meet the eligibility criteria.

Question 13. What happens if I have overdue debt while using P-6.8%?

The overdue portion of your debt will be subject to the overdue interest rate as specified in the regulations.Please refer to the fee schedule here for details.

Question 14. Why is the system showing an error when I am eligible to register 5 P-6.8% packages?

Please check your margin account limit. If your margin account limit has not been upgraded to over 1 billion VND, kindly register through Pinetree platforms or contact Customer Service for assistance.

Question 15. If I am assigned a referrer, can I register for the P-Margin policy?

No, you must cancel the referrer assignment before registering for any P-Margin policy.