What should I do if the delivery payment is insufficient? Where can I find the fastest way to find funds on behalf of stock delivery? Wang Daishu handles it for you!

The delivery of stocks is a good helper for many investors to use their funds urgently. Default delivery will seriously affect the credit of investors. The responsibility for default delivery is not only the payment of liquidated damages. Investors may also face situations such as being unable to place orders for stocks, apply for credit cards, apply for mortgages and credit due to poor credit records in the future, in addition to the impact of bad credit. In addition, investors may also be subject to criminal liability.

In the face of changes in the investment market, where do you find the payment in lieu when a default settlement occurs?

I believe it is also a place of doubts and headaches for many people and investors. At present, due to the influence of the global economic situation and the epidemic situation, the loan business of the bank tends to be conservative, and it takes several working days for the loan to be approved. Wang Daishu provides all investors with timely resources, and is online 24 hours a day to solve any difficulties in funding for you.

Content directory

What is a stock delivery cushion?

The investment market has its ups and downs. When faced with the situation that the default delivery is about to happen, Wang Daishu suggested that the public should try their best to find enough funds to pay off the shares, so as to prevent joint liability and fines after the default delivery occurs. So what are the channels to find working capital for default delivery? Wang Daishu organizes the following three types.

stock pledge

A stock-backed loan is to use stocks as collateral to lend an amount within the value of the collateral to a financial institution. Generally speaking, the stocks of listed companies and companies with good credit and credit ratings have the opportunity to raise 50% to 60% of the stock market value. Compared with credit transaction financing, the terms of stock-pledged loans are relatively loose, but currently there are few banks willing to undertake stock-pledged business, and the use of stock-pledged loans will be limited.

margin financing

Margin lending is the act of investors providing collateral to securities companies and then borrowing funds to buy or sell securities. Financing is commonly known as "short-selling". People use funds borrowed from brokerage companies to buy securities, and after the contract expires, people repay the principal and interest. Securities lending is commonly known as "short selling". The public borrows the securities from the brokerage company to sell them. After the contract expires, the public returns the same type and the same number of securities to the brokerage company and pays interest at the same time.

However, stocks with a small number of transactions cannot be melted, and the stock price trend and company fundamentals are often unpredictable, there must be the risk of forced reclamation, and the price of stocks has no limit, which means that the loss of securities lending is infinite. of. Margin financing and securities lending is not the safest channel for payment in advance, and it can even be said to be the most risky.

real estate mortgage

Mortgage of real estate to obtain default settlement funds is the easiest of the three channels, because the value of real estate is relatively stable, and financial institutions are more willing to handle it, but the actual loan interest rate and loan ratio are still determined by the conditions of the real estate held by the public. However, real estate mortgage loans of general financial institutions require review time. If the public needs immediate capital turnover, only Wang Daishu can handle and help immediately. Wang Daishu's real estate mortgage loans are different from financial institutions. The amount can reach the full amount and the conditions are relaxed , the content of the contract is flexible, and it is the most convenient and easy channel to handle when the public faces the possibility of default delivery!

What happens to a default settlement? Collateral effects of default delivery

Generally speaking, from 9:00 a.m. on the delivery day, the salesperson will urge investors who have insufficient balance in the delivery account to remind investors that they should make up for the stock. If the investor fails to make up the funds to the delivery account by 10:00 am on the delivery day, the securities dealer must report the default delivery to the stock exchange, and future transactions will also be restricted.

account freeze

Once the default settlement occurs, the investor's account will be frozen. The securities dealer has the right to dispose of the defaulted shares of the investor and sell them directly to repay the debts arising from the default delivery. If the amount is still insufficient to repay the original share price after the disposal, the securities dealer will continue to pursue the investor. action.

The default delivery will affect the credit record. Once the default delivery is recorded, it will be regarded as a bad credit user by financial institutions in the future. That is to say, after the default settlement occurs, not only may the credit card processing fail, but also the bank's mortgage, car wear, credit, etc. may not be applied for, and if the securities dealer and the bank see the default settlement record, it is very likely that Investors are rejected to apply for account opening.

legal liability

Because the default delivery is identified as a behavior that disrupts the stock market , investors who have defaulted delivery may face criminal and civil liabilities.

• Civil liability: Brokers can charge liquidated damages to investors who have defaulted on delivery, up to 7% of the transaction amount.
• Criminal Liability: Investors whose circumstances of breach of contract are serious enough to affect the market order may face relevant criminal liabilities of more than 3 years to less than 10 years.

Definition of Default Delivery? The key time point of default delivery

"Delivery" refers to the process of first-hand delivery of money and first-hand delivery (stock) in the stock market.

In Taiwan's stock market, investors are allowed to buy stocks when they have no money in their pockets , because after the stocks are traded, the securities dealers or banks will deduct money from the investors on the delivery day.

That is to say, even if the investor has no money at the moment to buy the stock, as long as the remittance is completed within two days after the order is placed, this is called the T+2 system .

However, if the investor does not complete the payment before 10:00 am on the second day (T+2) of the order day, it is called " default delivery ".

T+2 system stock trading schedule

T day (today) T+1 day (tomorrow) T+2 day (the day after tomorrow) to buy stocks and obtain stocks to pay for stocks at 10:00 am

When an investor buys a stock on T day, the stock will be officially received on T+1 day (next day), that is, T+1 (next day) can entrust to sell this stock.

The stock payment that must be paid for the stock must be deposited into the securities delivery account before 10:00 am on T+2 (the day after tomorrow). payment, it will be deemed as a breach of contract.

Description of Default Delivery Cases

Xiao Ming buys 1 stock with a unit price of $10 per share on (T day), and the total amount payable is 10 x 1000 = 10000 yuan.

Therefore, before the delivery deadline at 10:00 am the day after tomorrow (T+2 day), Xiao Ming's bank delivery account must have sufficient deductions for the securities dealer to deduct.

However, if Xiao Ming's bank delivery account is still insufficient to pay for the shares after the delivery deadline (10:00 am on T+2), a default of delivery will occur.

Stock Delivery Substitute Process

The process of stock delivery on behalf of the deposit is as follows:

1. Application: dial 0976-161313 Wang Daishu, or add LINE for free consultation
2. Review: help you plan the delivery plan, amount, and interest rate
3. Setting: After signing, both parties go to the land administration agency for setting
4. Grants: Smooth Grants

The stock delivery substituting process seems simple, but in practice, there are many eyebrows and corners that need to be paid attention to. Wang Daishu reminds you that you should pay attention to all the details in the loan process, and avoid people with intentions.

Our company provides a professional proxy and legal consultant team for free consultation for customers, and strictly checks the contract during the signing process. To apply for a bag land loan, you must find a company like Wang Daishu, which has a physical storefront , legal case filing , professional bookkeeping , and a team of lawyers .

Stock Default Delivery Summary

In the situation that no one wants to face the default delivery of stocks , in addition to paying additional fines, the subsequent joint and several liabilities have a great impact.

There have always been many people who operate stocks by financing. Among Wang Daishu's clients, there are also experts in investors who apply for financing, so that the next wave of good entry opportunities can hold more funds to facilitate the layout.

Although it is said that "a crisis is a turning point", how will this battle be fought without bullets? Loans are indeed a more cost-effective solution for banks, but banks have various regulations, audits, and process time, and they cannot provide timely and comprehensive financial assistance and support to the public. Wang Daishu provides a fast and direct channel for funding, and provides reference and application for the public in need, as long as there is land and buildings.

If you have any questions about the delivery of the stock, you are welcome to contact Wang Daishu, or if you have any questions about loans, you are also welcome to use the following form or call Wang Daishu 0976-161-313 , or add LINE , we will provide Free loan consultation, no charge for unpaid loans, questions and chats are welcome.

More related articles on payment on behalf of others:

• About Wang Daishu Office
• General arrangement of housing loan commodity projects of banks and financial institutions (bank, loan interest rate, project name, grace period)
• What is a late payment fee for a loan? How much is the late fee cap? What should I do if the mortgage payment is late?
• Is it easy to get a second child mortgage? Second-child loan interest rate, mortgage ratio, loan amount general strategy (2021 latest version)
• How long is the mortgage late payment grace period? How is the late payment penalty calculated?
• 4 common problems of housing mortgage loan, easy to handle with dual channels
• How to do the second child on land? The interest rate, quota, and percentage of land for the second child can be understood at one time! (2021 new version)
• What should I do if the building has not been registered for a loan? How to apply for housing tax status?
• Free real estate appraisal service, 4 reasons that affect the loan amount