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Notice for Clients of i-Web Stock Trading Service and Mobile Securities Service 2016/12/01

 

 

 The i-Web Stock Trading Service ("i-Web") and the Mobile Securities Service ("MSS") are provided by Chong Hing Securities Limited ("the Company")for the customers to perform securities trading and self-checking of their own accounts.  Before adopting i-Web or MSS ("the System"), you must carefully read and fully understand, realize and accept the following practices and arrangements.

Commission Charge:
For all orders placed via the MSS, the brokerage is 0.15% (Min. HK$60 for general securities or RMB¥60 for RMB-Denominated Securities) only. On the other hand, for all orders placed via the i-Web, the brokerage is 0.18% (Min. HK$80 for general securities or RMB¥60 for RMB-Denominated Securities). The special offer of the brokerages apply only if an order is placed and modified (if applicable) via the same channel (i.e. either the i-Web or the MSS respectively) solely. Buy orders or sell orders for single securities will be combined into a contract according to the channel through which they are placed. Buy orders or sell orders for single securities placed via different channels will be separated into different contracts with independent cost charging. For all orders placed by phone, the brokerage is calculated on 0.25% (Min. HK$80 for general securities or RMB¥60 for RMB-Denominated Securities) basis
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If a customer calls the Company by phone to modify a buy order or sell order which is originally placed via either the i-Web or the MSS, the modified portion of the original order will be deemed as a new order placed by phone and grouped to the contract with other buy orders / sell orders (if any) placed by phone on the same day and the brokerage thereon will be calculated on 0.25% (Min. HK$80 for general securities or RMB¥60 for RMB-Denominated Securities) basis.

On the other hand, if a customer modifies an order which is originally placed by phone via either the i-Web or the MSS, the order will still be deemed as placed by phone and the brokerage will still be calculated on 0.25% (Min. HK$80 for general securities or RMB¥60 for RMB-Denominated Securities) basis. To enjoy the lower brokerage of the i-Web or the MSS, customers should cancel the order and place a new order by either the i-Web or the MSS respectively.

For details of other charges, please refer to our updatedService Charge Schedule.

i-web Trading Limit per order : HK$3,000,000 .

Special Commission Charges for RMB denominated Securities Transactions

During the special promotion period, the commission charge for RMB denominated securities transaction is just 0.125% of the transaction amount with minimum charge of RMB¥60 only.


Important Notice for Purchase of Listed Bonds


1.
The execution prices of the bonds traded via The Stock Exchange of Hong Kong Limited (Stock Exchange) do not include "accrued interest"(if any). According to the prevailing market practice, the bond-buyer has to pay to the seller on the T+2 settlement day the "accrued interest", which is calculated and provided by the Hong Kong Securities Clearing Company Limited.
2. The brokerage commission for trading listed bonds is 0.1 % of the transaction amount, minimum HK$80.
3.

The Custody Fee for listed bonds is payable every calendar month. Besides, a HK$50 Auto Convert/Redeem charge will also be charged when the bond is being redeemed or converted automatically.

N.B.: The Custody Fees for listed bonds and other Non-foreign Securities (e.g. equity shares, derivative warrants and callable bull/bear contracts, etc.) are separately calculated and charged, according to the respective items in our Service Charges Schedule.

4. For more details on the service charges of each kind of services, please refer to our Service Charges Schedule.

Important Notice for Client Trading in SSE and SZSE Securities:
The Shanghai-Hong Kong Stock Connect or the Shenzhen-Hong Kong Stock Connect (together "Stock Connect") is a securities trading and clearing links program developed by the Stock Exchange of Hong Kong Limited ("SEHK"), the Shanghai Stock Exchange ("SSE"), Shenzhen Stock Exchange ("SZSE"), Hong Kong Securities Clearing Limited and China Securities Depository and Clearing Corporation Limited for the establishment of mutual market access between Hong Kong and Shanghai/ Shenzhen.  For clients who want to invest those securities listed and traded on SSE/ SZSE which may be traded by Hong Kong and overseas investors under the Stock Connect ("SSE/SZSE Securities"), are obliged to realize all relevant market practices such as the trading and settlement procedures, the related custodian charges, service fees, various levies and taxation and the trading rules and regulations.  For more details, please refer to the official website of Hong Kong Exchange and Clearing Limited ("HKEx") (www.hkex.com.hk/chinaconnect).  If necessary, clients should seek consultation from independent legal professionals.  Clients should read ourImportant Notice for Clients - Securities Account & Other Services before investing in any SSE/SZSE Securities via the Company.

 

The Snapshot i-Web Real Time Quote Service

 

Securities list on SEHK

SSE/SZSE Securities

Per snopshot real time quote

 

HK$0.15 (No Max Charge Applied))

RMB0.15 (No Max Charge Applied)

Remark:

a.           Customers can check the quantities of the consumed Snapshot Real Time Quote for the current calendar month after logging in. The monthly usage and the fee of the real time quote service for each securities account is conclusively based on the records of the Company. The action of adopting such service means that the customer agrees and accepts such arrangement.

b.           The definition and fee charging practice of "Real Time Quote" are the same as defined by HKEx、SSE and SZSE, including in the "Trading" page or "Watch" page with no maximum charges limited.  For example, if 9 stocks are set in the "Watch" page, 9 real time quotes will be updated and counted at the same time for every enquiry. The same principle applies for the cases with different number of stocks in the "Watch" page.

c.            The handling fee of issuing a detailed report about the real time quote usage for a securities account in a calendar month is HK$200.

Special offers

a.       For every securities account adopting the System 80 free real time quotes will be first given in each calendar month.

b.       An extra 100 FREE real time quotes will also be granted for every HK$10,000 monthly turnover.

a.       For every securities account adopting the System 100 free real time quotes of SSE or SZSE Securities totally will be granted in each calendar month.

b.      An extra 50 FREE real time quotes of SSE or SZSE Securities will also be granted for every RMB¥50,000 turnover monthly.

Remarks:

1.) All free Snapshot Real Time Quotes granted are valid only for the same calendar month in which the securities transactions are executed. All free real time quotes accumulated in a calendar month will expire after that calendar month.

2.) Real Time Quote Service of SSE/SZSE Securities is only for clients who are entitled to trading in listed Renminbi-denominated Securities (SSE/SZSE Securities included).

 

HSI & HSIF Real Time Quote Service
1. Basic Monthly FeeHK$65 per calendar month.
2. Rebate Scheme: For a securities account subscribing this service, if the total commission charged for transactions executed via the System in a calendar month is equal to or more than HK$500, the monthly fee of this services for the same calendar month will be fully rebated.
3. This additional service requires separate application.
 

HSI Real Time Quote Service
1. Basic Monthly FeeHK$25 per calendar month.
2. Rebate Scheme: For a securities account subscribing this service, if the total commission charged for transactions executed via the System in a calendar month is equal to or more than HK$200, the monthly fee of this services for the same calendar month will be fully rebated.
3. This additional service requires separate application.


The Automatic Refreshing i-Web Streaming Quotation Service (non applicable for SSE/SZSE Securities)
1. Basic Monthly FeeHK$398 per calendar month.
2. The Monthly Fee Rebate Scheme: In each calendar month, if customers execute securities transactions via the System with total commission fees in one single securities account accumulated up to:
a. HK$500, then that account will receive a rebate of HK$100 for that calendar month;
b. HK$1,000, then that account will receive a rebate of HK$200 for that calendar month;
c. HK$1,500 or above, then that account will receive a rebate of HK$398 for that calendar month.

Remarks: The rebate is valid only for the same calendar month in which the securities transactions are executed.
3. This streaming quotation service is for the i-Web only. For subscribing this service, customers are
required to submit the "i-investor Browser" application form.

 

Orders Placed during Pre-opening Session (not applicable for SSE/SZSE Securities)
During the period from 9:00.a.m. to 9:15a.m of Pre-opening Session, if a customer wants to place an At-auction Limit Order (ALO) for participating the opening price auction, the customer should select "ALO" as the "Order Type" for his/her order, or he/she may place an At-auction Order (AO) by phone (3768-9111). All At-auction Limit Orders placed after 9:15a.m will be rejected. Orders of other types (e.g. "ELO") placed during Pre-opening Session will be sent to the market only after the securities market opens.

Orders Placing during Closing Auction Session (CAS)
(applicable for securities under the List of CAS Securities only, not applicable for SSE/SZSE Securities):

During the period from16:00 to16:10 (Full Day Trading) or from 12:00 to 12:10 (Half Day Trading, i.e. Eves of Christmas, New Year and Lunar New Year) of CAS, if a customer wants to place an At-auction Limit Order (ALO) for participating the closing price auction, the customer should select "ALO" as the "Order Type" for his/her order. During the No Cancellation Period (i.e. from 16:06 to 16:08(Full Day Trading) or from 12:06 to 12:08 (Half Day Trading)), new ALO can input.  However, the new order must be between the lowest ask & highest bid recorded at the end of Order Input Period (i.e. recorded at 16:06(Full Day Trading) or 12:06 (Half Day Trading)), and no orders can be amended or cancelled.  During the Random Closing Period (i.e. from 16:08 to 16:10 (Full Day Trading) or from 12:08 to 12:10 (Half Day Trading)), the order rules from the No Cancellation period apply and the market closes randomly within two minutes.  For further details, please refer to the website of HKEx (www.hkex.com.hk/eng/market/sec_tradinfra/vcm_cas/vcm_cas.htm).

Housekeeping Period: 
Due to the housekeeping of the trading system during 16:30 - 18:00 on each trading day, orders placed during the day shall be cleared from the "Order Status" page while the filled amount and quantity will not be included by the account position and stock holding until the process completed.


Rights of the Company and Your Obligations:
After inputting your orders, you are obliged to check the actual statuses of those orders on the Order Status Page. The word "pending" displayed in the status column means the order is still waiting for the feedback signal from the AMS trading system of the SEHK. The "rejected" status means the order has already been rejected by the AMS trading system and you are required to input the order again.

At any time after receiving your purchase orders, the Company has the absolute right, but not an obligation, to hold the full or partial or none of transaction amount with the related transaction fees ("total transaction amount") in your designated settlement account maintained with Chong Hing Bank Limited ("settlement bank account"). Please note that you are still solely responsible to perform your own personal financial management with your settlement bank account and none of any party should depend on or take reference to the fund holding action of the Company while performing his/her own financial management. Under all circumstances, the Company has the absolute right to or not to hold fund for any one of your securities purchases.

The Company reserves the absolute right to reject orders from the client even though the securities account has sufficient funding or shares on hand. All clients are fully obliged to settle all filled transactions once they place the orders. Any unsettled transaction by the designated settlement days will be handled under the Company's policy. Clients should bear all cost, damage and responsibility (whether in tort or contract or otherwise) arising from any unsettled transaction

.


Disclaimer: Chong Hing Securities Limited is the wholly-owned subsidiary of Chong Hing Bank Limited and an exchange participant of The Stock Exchange of Hong Kong Limited, the SFC Central Entity Number of the Company is AAA806.

HKEx and/or its subsidiaries ("Hong Kong Exchange") and the Company endeavour to keep the information accurate and reliable, but all on-line trading services including the System involve lots of portions or parts which are actually out of the control of Hong Kong Exchange and the Company.  Therefore, Hong Kong Exchange and the Company does not guarantee the completeness, accuracy and/or reliability of any kind of information and the performance of the System and accept no liability, whether in tort or contract or otherwise, for any loss or damage arising from any inaccuracies or omissions and/or related with any securities transactions or instructions. Transactions or communications via the System may be subject to the risks including but without limitation to interruption, transmission blackout, delayed transmission and/or incorrect data transmission due to various reasons, losses or damages due to any system errors or malfunctions in communication facilities as well as the risks that your login password and/or information transmission may be read, lost or stolen and used by third parties without valid authorization (the "Network Risk").  The Company shall not be liable for any loss and/or damage arising out of the Network Risk whether in tort or contract or otherwise.

Customers should fully understand and accept all risks involved before logging in or using the System. For their own benefits, customers are suggested to change their passwords via the System on a regular basis, for example, at every 20 or 30 days.

 

The Company has the absolute explanation right of this Notice.  Should you have any question about it, please contact us to clarify before adopting the System or pressing the "Agree" button below.  For enquiry, please call 3768-9818.

 

Your act of pressing the "Agree" button below means you acknowledge and accept all the practices and arrangements mentioned above and read our Notices before and want to enter the trading login page.  Should you think there is a better alternative way more suitable to trade, please feel free to press the "Disagree" button to leave the System.