6 Mai 2010
Fairwind Securities launches margin lending product
Financial investment company Fairwind Securities, held by businessman Dinu Patriciu, has launched a new margin lending product that enables customers to borrow up to 50% of the value of the existing portfolio to buy BSE’s top blue chips.
“We offer our clients the possibility to borrow money to invest in shares by using their share portfolio as security for the loan. The maximum amount to borrow is 50% of the client’s blue chip value in their open account at Fairwind Securities S.A. Through Fairwind Securities’ margin lending facilities, clients can buy stocks of any company listed on the local market”, said Corina Palanciuc, deputy managing director at Fairwind Securities.
Blue chips considered when granting the loans are: financial investment companies (BSE:SIF), BRD Groupe Societe Generale (BSE:BRD), Banca Transilvania (BSE:TLV), OMV Petrom (BSE:SNP), Erste Bank (BSE:EBS), and SNTGN Transgaz (BSE:TGN).
Loans will be available in lei only, at a monthly interest rate of 1.67%, and applications will be analyzed on case-by-case basis.
Blue chips considered when granting the loans are: financial investment companies (BSE:SIF), BRD Groupe Societe Generale (BSE:BRD), Banca Transilvania (BSE:TLV), OMV Petrom (BSE:SNP), Erste Bank (BSE:EBS), and SNTGN Transgaz (BSE:TGN).
Loans will be available in lei only, at a monthly interest rate of 1.67%, and applications will be analyzed on case-by-case basis.