SPEED ROUND: CAPITAL MARKETS

Contact offering margin to HC Brokerage’s clients

Contact to finance HC Brokerage’s margin traders: Contact Financial Holding’s arm Contact Factoring will finance margin trading by clients of HC Brokerage after signing an agreement with the firm, according to a joint statement (pdf). The non-bank lender will loan EGP 400 mn initially, with each client being eligible for up to EGP 3 mn…