Margin is a term or demand deposit of a Customer at LienVietPostBank which is blocked to ensure his/her fulfillment of financial obligations towards LienVietPostBank or related parties.
– Applicable currency: VND, USD and other foreign currencies as regulated from time to time
– Term: term or demand deposit
– Interest payment method: Month-end, Term-end, or account finalization
– Renewal: Yes
– Margin deposit account is blocked for the escrow period
– Types of deposit:
+ Payment Guarantee Margin
+ L/C Open Margin
+ Bid Guarantee Margin
+ Performance Bonds
+ Advance Payment Guarantee
+ Warranty Guarantee
+ Guarantee for other payments
+ Guarantee the obligations as agreed between the parties
+ Deposit for the incorporation/addition/maintenance of business activities in the fields that require a deposit in accordance with the provisions of the Law.
– Simple procedure and fast processing time
– While fulfilling the customers’ financial obligations to related parties, they still have the ability to earn interest on the account balance.
– Individual Customers
– Corporate Customers
– Document for opening an account (For Customers in the first transaction).
– Margin Deposit Agreement
