Conditions of Loans for Margin Transactions

Loans for Margin Transactions Conditions of Loans for Margin Transactions Handling of Over-lent Issues Handling of Over-lent Stock Issues in Loans for Margin Transactions Precaution for the Use of Stock Loans Measures in Respect of the Use of Stock Loans in Margin Transactions Rights Handling Underwriting of New Stock Bidding for Rights Loans for Negotiable Margin Transactions Bond Services Bond Borrowing and Lending Transactions General Stock Lending Lending Conditions Bond Financing and General Loans Secured Loans on Securities for Individual and Corporate Investors

Top Page > Range of Operations > Conditions of Loans for Margin Transactions Conditions of Loans for Margin Transactions Loanable stock Issues       Loanable stock Issues are selected, on the basis of certain criteria, from all issues listed on stocks exchanges. Loan Period       In principle, the due date of loan is the day following the lending date, but can be extended to 6 months at longest. Interest rate   Interest rate on loans   ------- should be paid by a securities company which borrows funds from JSF.   Interest rate on collateral money of stock loans   ------- should be received by a securities company which borrows stock certificates from JSF.   Interest rate on loans is determined based on the short-term interest rate. click here to refer to Interest rate Lending Fee       A securities company that use stock loan pay to JSF a lending fee, which is calculated by mutiplying the value lent by a certain rate. click here to refer to Lending Fee Collateral       JSF receives stock certificates purchased or proceeds of sale, as well as margin requirements as collateral for loans or stock loans.       The amount of margin requirements is calculated as a certain percentage of loans and stock loans and deposited with cash in principle, but can be substituted by securities including equity and bond.

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