Introduction

 

The provision of Margin Accounts on the Athens Stock Exchange (ASE) and the Cyprus Stock Exchange (CSE) is a new CISCO product that enables clients to buy more shares by utilizing the liquidity provided to them (leverage).

Specifically, the Margin facility Account is activated upon the signing of the relevant documents by the client. Clients indicate the shares that will comprise the portfolio that will be employed by CISCO as collateral ("Security Portfolio") and these shares are subsequently evaluated and weighted by CISCO. The extra liquidity made available by CISCO may be used whenever the client considers that market conditions provide investment opportunities. The level of credit provided by CISCO may reach up to 2/3 of the weighted Security Portfolio. The interest to be paid is calculated on the outstanding credit facility balance used and for the period of time that it is used and not on the approved limit.