The Share Trading Overdraft Facility is yet another innovative and specialised product just launched by HSBC Bank Malta plc. This new lending facility is intended to provide credit to a select group of existing investors who may be interested in borrowing against the value of existing investments, to increase their trade in marketable and listed securities.

The Share Trading Overdraft Facility will allow customers to take out advances against securities they already hold and are under custody with the HSBC ShareShop. The ShareShop will continue to act as brokers for customers, who, with the new finance acquired, will have the ability to purchase additional local and foreign marketable and listed securities. These exclude HSBC shares, securities pertaining to emerging markets, and foreign bonds that are graded below BBB rating.

“This new and innovative product is expected to generate a good level of interest from experienced investors,” said HSBC Bank Malta plc.’s head of personal financial services, Godfrey Swain. “It will also enhance the Bank’s already wide range of personal financial services available to customers,” he continued.

The minimum facility amount is that of Lm10,000 while the maximum amount goes up to Lm100,000. The overdraft will represent 50 per cent of the market value of securities held in HSBC’s custody and pricing is very generous at 1.50 per cent over base rate, currently at 3.50 per cent.

For more information about HSBC’s Share Trading Overdraft Facility, visit any one of HSBC’s ShareShops in Valletta, Sliema or Gozo.