– P-Zero/ P-7.5%: Customers who open a new margin account or existing margin account holders who have had no outstanding margin debt for six months before registration.

Note: New customers have 30 days after the account activation date to register for these packages

– P-9.8%: 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-9.8% package and meet both of the following conditions regarding average margin debt:
  • (i) The average margin debt over the last 30 days is not lower than the average margin debt of the 30 preceding days
  • (ii) The average margin debt over the last 30 days is lower than the total maximum limit of the P-9.8% package(s) the customer is registering for.

– P-9.9% Pioneer: The following customer groups are eligible to register for P-9.9% Pioneer:

(1) New customers opening a margin trading sub-account with Pinetree on or after the program launch date.

(2) Existing customers with a Pinetree margin trading sub-account who meet all the following conditions:

• Zero outstanding margin debt during the last 90 days;
• Total trading value of less than VND 100 million during the last 90 days; and
• Average NAV of less than VND 100 million over the last 90 days.

– P-Margin Prime: All customers with an existing Pinetree margin trading sub-account are eligible to register for P-Margin Prime.

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-9.8% package compared to the base interest rate of 11.5% over 30 days is as follows:

=> Saved Amount = 9.583 million – 8.967 million = 616,000 VND

Therefore, if used continuously for a 90-day loan term, the amount saved = 616,000 x 3 = 1,848,000 VND

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

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

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.

• P-Zero Package: 0% per year for 30 days, with a limit of 200 million VND/day.
• P-7.5% Package: 7.5% per year for 90 days, with a limit of 200 million VND/day.
• P-9.8% Package: 9.8% per year for 30 days, with a limit of 250 million VND per package. Customers can register for multiple P-9.8% packages, and the total preferential limit will increase accordingly. Example: If a customer qualifies for two packages, the total limit eligible for the 9.8% interest rate would be 500 million VND/day for 30 days.
• P-9.9% Prime: 9.9% p.a. for 60 days, with a credit limit of up to VND 10 billion per day.
• P-Margin Prime: Interest rates from 10.7% p.a., with no time limit, and a credit limit of up to VND 15 billion per day.

For more details, refer to the fee schedule here.

Aside from margin loan interest and other regulatory fees/taxes, customers do not have to pay any additional fees when registering for P-Zero, P-7.5%, P-9.9% Pioneer or P-Margin Prime.

For the P-9.8% package, a service fee of 200,000 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-9.8% package after registration, this fee will be refunded to their securities account.

In the event that only one package’s credit limit has been disbursed, the Customer is entitled to a refund of the fee for the remaining package, provided that the Customer cancels the unused package within 5 days from the date on which the outstanding balance subject to the 9.8% interest rate arises for the package that has been used.

Yes, the P-9.8% package will apply to your existing loan as long as it is not overdue at the time of registration.

If you are eligible for the P-9.8% 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.

Yes, you can register for additional packages within the first 5 days after your loan is applied with the P-9.8% interest rate.

Example:

• (1) For customers with existing debt:
  • On Jan 2, 2025, you register for 2 P-9.8% packages. From this date, your existing margin debt will be applied with the 9.8% annual interest rate.
  • From Jan 2 to Jan 7, you can register for 2 more P-9.8% packages.

• (2) For customers without existing debt:
  • On Jan 2, 2025, you register for 2 P-9.8% packages.
  • On Jan 6, 2025, you take a loan, and the 9.8% interest rate is applied from this date.
  • From Jan 6 to Jan 11, 2025, you can register for 2 more P-9.8% packages.

• P-Zero, P-7.5% and P-9.9% Pioneer: Cannot be extended. After the package term ends, the basic margin interest rate will apply.
• P-Margin Prime: Customers with high NAV and large outstanding margin balances are eligible for unlimited preferential benefits.
• P-9.8%: 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-9.8% packages, provided you meet the eligibility criteria.

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.

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.

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