A trading facility that provides financing to clients for the purchase of securities quoted on Bursa Malaysia Securities Berhad ("BMSB"). SMF extended is available for a period of three (3) months with rollover fee, if applicable.
Collateral for SMF
"Collateral" means any one or more securities and cash as may be acceptable to RHB Investment Bank ("the Bank") at its absolute discretion and deposited with or transferred to or given to or come into possession of the Bank (with an express irrevocable lien in favour of the Bank) as security to secure the SMF.
A request of the Bank to the client to Top Up the Margin.
"Margin" means the aggregate value of collateral deposited (exclude securities purchased and carried).
"Top Up the Margin" means to increase the collateral to ensure the MOF is maintained at all times.