काठमाडौं — मार्जिन कारोबार सेवा विस्तार गर्ने तयारीमा रहेका थप दुई ब्रोकर कम्पनीले बैंक कर्जाका लागि क्रेडिट रेटिङ गराएका छन्। डाइनामिक मनी म्यानेजर्स सेक्युरिटिज र कोहिनुर इन्भेष्टमेन्ट एन्ड सेक्युरिटिजले केयर रेटिङ्स नेपालबाट ‘केयर–एनपी ए३’ रेटिङ पाएका हुन्।
डाइनामिक मनीले १ अर्ब ५० करोड रुपैयाँ र कोहिनुरले २ अर्ब रुपैयाँ बराबरको अल्पकालीन बैंक कर्जाका लागि उक्त रेटिङ लिएका छन्। यसअघि नासा, भिजन, इम्पेरियल र त्रिशक्ति सेक्युरिटिजले पनि मार्जिन कारोबारका लागि कर्जा रेटिङ गराइसकेका छन्।
नेपाल धितोपत्र बोर्डले ‘मार्जिन कारोबार सुविधा सम्बन्धी निर्देशिका, २०८२’ कार्यान्वयनमा ल्याएपछि ब्रोकर कम्पनीलाई लगानीकर्तालाई मार्जिन सुविधा दिन बाटो खुलेको हो। यही व्यवस्थासँगै ब्रोकरहरू आवश्यक स्रोत जुटाउने तयारीमा लागेका छन्।
केयर रेटिङ्सका अनुसार लामो सञ्चालन अनुभव, ग्राहक आधार र नाफाको अवस्थाले दुवै कम्पनीको रेटिङलाई सहयोग गरेको छ। डाइनामिक मनीका करिब ६३ हजार सक्रिय ग्राहक छन् भने कोहिनुरको ग्राहक संख्या करिब १ लाख २१ हजार छ।
दुवै कम्पनीको आम्दानी अहिले मुख्यतः ब्रोकर कमिसनमा निर्भर छ। मार्जिन कारोबार सुरु भएपछि ब्याज आम्दानी थपिँदा ब्रोकर कम्पनीको आय स्रोत विविधीकरण हुने अपेक्षा गरिएको छ। सर्ट सेलिङ, इन्ट्राडे कारोबार र गैरआवासीय नेपालीलाई दोस्रो बजारमा प्रवेश दिने सरकारी योजनाले पनि पुँजी बजारको कारोबार थप विस्तार हुन सक्ने देखिएको छ।
Kathmandu — Two more brokerage companies have started preparations to provide margin trading services by arranging the required credit facilities. Dynamic Money Managers Securities and Kohinoor Investment and Securities have received a ‘CARE-NP A3’ rating from CARE Ratings Nepal for short-term bank loans.
Dynamic Money has received the rating for a loan facility of Rs 1.5 billion, while Kohinoor Investment has secured the same rating for a Rs 2 billion loan facility. Earlier, brokerage firms including Nasa Securities, Vision Securities, Imperial Securities and Trishakti Securities had also completed credit ratings for margin lending arrangements.
The Nepal Securities Board’s implementation of the Margin Trading Facility Directive, 2082 has opened the way for licensed brokers to provide margin trading services to investors. Following the regulatory approval, brokerage firms have been focusing on arranging funds and infrastructure required for the facility.
According to CARE Ratings Nepal, Dynamic Money’s long operating history, experienced management, large customer base and stable profitability supported its rating. The company has around 63,481 active clients. Similarly, Kohinoor Investment has received the rating based on its more than two decades of market experience, customer base of around 121,000 and satisfactory financial performance.
Currently, both companies rely mainly on brokerage commissions as their primary source of income. With the introduction of margin trading, brokers expect additional revenue from interest income and greater diversification of earnings.
Market participants believe that upcoming provisions related to short selling, intraday trading and allowing non-resident Nepalis to participate in the secondary market could further increase activity in Nepal’s capital market.
