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Loan/s against shares by brokers
Can anybody tell me if there are any online brokers that will advance you funds against shares (NZ) that you intend to purchase. If so I have a couple of question to start with: who holds / owns the share, who's name are they registered in, what are the interest rates, is there a minimum loan period, can you sell them then repay the loan or are required to pay the load back first, who receives the dividends? If you can answer any of the questions or supply any other information that may be relevant, would be great.
I currently use Direct Broking.
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