Money+
Purpose of the Program
Money + is a bonus program for customers who trade on the BSE via BenchMark BG Trader or use other brokerage services for the Bulgarian Stock Exchange. An interest on free cash in BGN is accrued and paid at the end of each month. The program has started on November 9-th, 2009.
Program conditions
The interest rate depends on market conditions and currently is 3% annually.
Program enrollment
Enrollment is automatic for current BenchMark Finance customers, there is no need to take any actions.
Enrollment is automatic also for new customers when signing a contract for trading on the BSE.
Calculating the interest
The interest is accrued on the basis of the client’s cash balance in BGN at the end of each day.
The interest is transferred till the fifth day of each month following the month to which it refers and the money can be used either for trading or can be withdrawn at any time.
If a client has filed a withdrawal request and does not appear in the office on the exact date his closing cash balance will be reduced with the requested sum in order to calculate the right interest although this sum is still available in his account. The reason for this is that the relevant sum is kept in cash and can not be used for achieving any profit.
When selling securities interest will be calculated for the sum after T+2 day, unless there is a payment delay.
When buying securities an interest will calculated for the free cash which will be used for the transfer until T+1 day inclusive.
Money+ and the other programs
Participating in the Money+ program is not in contradiction with the other bonus programs. Customers can participate in Cash Back or One Time and receive interest on Money+.
More information about Money+?
