Romania: Libra Bank and Vanguard Launch Credit Line for Shares Acquisition
Libra Bank and brokerage company Vanguard have recently launched a credit line dedicated to investments in securities traded on the Romanian capital market.
The product is dedicated to active investors on the capital market, clients of Vanguard company, holding already a shares portfolio.
Smart offers to active investors the possibility to obtain important gains by taking advantage of the opportunities on the capital market.
Smart is the first product of this type on the Romanian market, including also a service for monitoring and administrating the credit’s utilization in real time.
For obtaining the credit line, the seker must use as guarantee the shares held in the portfolio at Vanguard.
Regarding the maximum crediting limit, it will be established depending on a balanced value of the shares portfolio haled and established as guarantee in favor of the bank.
Once the bank has granted the credit line, the solicitor can submit trading orders towards Vanguard based on the non-used sums within this credit line.
The discounting process of the operations is executed on a settled date.
Vanguard is one of the most important brokerage companies in Romania.
Libra Bank is part of the American investment group New Century Holdings (NCH).
So far, NCH has invested in Romania over USD 300 mn. in the electro-technical industry, construction materials, milling devices, financial-bank and capital services as well as real estate properties.
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reporter.gr
