Mandate Trading Line

The product  is designed to allow the customer to participate in thepurchase or sales mandate transactions issued by institutional          
investors.

•The facility provides funding for your customer’s mandate purchase orders but with a commitment by your ordering client’s to pay down upon delivery of the securities.
•Appropriate cover which is negotiable will be fully placed on lien infavour of Springbank Plc.

Benefits
•Allows you to increase your business volume and income earning without reducing transaction volumes on other on-going  businesses.

How to apply  
•Open a corporate current account with Springbank Plc for stockbroking activities.
•Have a CSCS Settlement account with Springbank Plc.
•Request for mandate purchase facility as need arises.