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Foreign Margin!

+7
Deva
Genting
Rajaraam
dinusl
amilaela
lokuayya
MarketSIRA
11 posters

Go down  Message [Page 1 of 1]

1Foreign Margin! Empty Foreign Margin! Fri Feb 03, 2012 1:17 am

MarketSIRA


Senior Equity Analytic
Senior Equity Analytic

Foreign Margin

Link: http://lankabusinesstoday.com/news/market/1122-foreign-margin

Foreign owned companies to be permitted to engage in the business of Margin Providing
It has been decided to permit foreign owned companies which are registered with the Securities and Exchange Commission of Sri Lanka as Margin Providers, to engage in the business of provision of credit to investors of the Colombo Stock Exchange, Central Bank recently told in a statement.

The Central Bank is of the view that this move would help develop the business of margin providing, and also increase market activity by improving the access to finance for investors.



Last edited by dinusl on Fri Feb 03, 2012 7:43 am; edited 1 time in total (Reason for editing : modified the format)

2Foreign Margin! Empty Re: Foreign Margin! Fri Feb 03, 2012 6:54 am

lokuayya


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

can we have cheap credit through this.If I can get margin below 9 percent I will go in to investment on margin even for long term.

amilaela

amilaela
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics


Sri Lanka has decided to permit foreign owned companies registered under the market regulator as “margin providers” to lend credit to investors of the Colombo Stock Exchange.
Central Bank says this move will help develop the business of margin providing and also increase market activity by helping investors to have more access to finance.

http://www.news360.lk/markets/stock-market/sri-lanka-permits-foreign-owned-%E2%80%9Cmargin-providers%E2%80%9D-to-lend-credit-to-investors

https://www.facebook.com/profile.php?id=100001851586843

4Foreign Margin! Empty Re: Foreign Margin! Fri Feb 03, 2012 7:43 am

dinusl

dinusl
Co-Admin

That might be a good decision

5Foreign Margin! Empty Re: Foreign Margin! Fri Feb 03, 2012 8:22 am

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics

Very good move. Competition among the margin providers would lead to reduce interest rate. Since foriegn institutions have access to low cost fundings their rates would be very competitive.

6Foreign Margin! Empty Re: Foreign Margin! Fri Feb 03, 2012 8:34 am

Genting


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

lokuayya wrote:can we have cheap credit through this.If I can get margin below 9 percent I will go in to investment on margin even for long term.

Most of us wont mind mind paying 10-13%. Last time when I checked it was 19%

7Foreign Margin! Empty Re: Foreign Margin! Fri Feb 03, 2012 12:23 pm

Deva


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Sounds a very positive move.

8Foreign Margin! Empty Re: Foreign Margin! Fri Feb 03, 2012 12:58 pm

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Suddata salli yana thawath kramayak.
Karanna ona ape rate margin wala poliya adu karana eka.

9Foreign Margin! Empty Re: Foreign Margin! Fri Feb 03, 2012 1:06 pm

K.Haputantri

K.Haputantri
Co-Admin

Credit in future will be more expensive because CB increased policy rates (re-purchase & riverse re-purchase) by 50 basis points today. However, foreign competition will reduce profit margins of the local banking sector.

mra

mra
Manager - Equity Analytics
Manager - Equity Analytics

"Foreign companies allowed to provide margin loans for stock Trading"
CBSL-LBO - 2nd-feb-2012

11Foreign Margin! Empty Re: Foreign Margin! Sat Feb 04, 2012 4:00 pm

greedy007


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Rajaraam wrote:Very good move. Competition among the margin providers would lead to reduce interest rate. Since foriegn institutions have access to low cost fundings their rates would be very competitive.

But need to be careful.
They'll suck to the end when you give a chance.

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