If you have a Leveraged Equities account and you want to buy non-approved securities in it (ie. stocks that LE will not lend over), you are able to do this with a zero-LVR. In other words the holding needs to be fully funded, and once purchased will not contribute to your leverage into other positions.
This can be useful if you want to margin your positions, but you don't want to split non-approved securities (eg. warrants) into another non-LE account.
Currently, Minc's systems will reject orders for non-approved securities, we're working on this to enable all securities (at zero LVR) - give us a week or so to sort this out. In the mean time, feel free to contact us to get a security manually added if you want to put a trade on in this circumstance. Call or email us at enquiries@thinkminc.com.au
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment