| 01. |
For availing of credit facilities against pledge of shares
the intending borrowers shall deposit shares of at least three (3)
Companies which are preferably registered in his/her name. |
| 02. |
Credit facilities in the form of Secured Overdraft (SOD) Limit
may be allowed upto 50% of the Value of shares pledged calculated on the
basis of current market prices or previous 6 months' average market
prices, whichever is lower. |
| 03. |
In case of ICB Unit Certificates SOD limit upto 80% of the
face value Certificate may be extended.
|
| 04. |
The Share Certificates must be accompanied by Form -117
containing the signature of the Shareholders duly checked and verified. |
| 05. |
The maximum ceiling shall be
Tk. 20.00 Lac for individual
borrowers.
|
| 06. |
The Stock Brokers of DSE & CSE are eligible for availing of
the SOD facility against pledge of shares upto Tk.50.00 lac &
Tk.15.00 Lac respectively. They will be required to keep lien of the
original copy of the Licence issued by SEC.
|
| 07. |
Interest
rate will be charged @ 15% P.A with quarterly rests or
as may be amended from time to time.
|
| 08. |
The intending borrowers shall have to open a CD Account with our
Motijheel Branch for availing of the SOD facility. |
|
09. |
Credit facility is extended only against Shares which are in
market lots.
|
| 10. |
Borrowers can withdraw or deposit shares and vary their
limits/exchange Shares/enhance limits etc. at any time during banking
hours. Handling charge of Tk.100.00 is realized per
transaction.
|
| 11. |
The loan facilities under this scheme are presently available at
bank's Motijheel Branch, Dhaka and Agrabad Brach, Chittagong.
|
