Stock Trading Particulars

Order Placing Method

• By phone to Account Executive

• Web Securities Trading

• Power Securities (not applicable to wealth management clients)

Trade Confirmation
When orders are filled, we will confirm with clients immediately. For clients who place orders online, they can click on "Order status" to check the most up-to-date status. Clients who place orders through our AE will receive confirmation from their respective AE. We highly encourage clients to check their order status proactively, either using our online systems or enquiring through their AE.

Stock Settlement Date
Settlement day for HK stocks will be the second business day after the transaction day (T+2).

Buy Order Settlement

• Clients should settle the whole amount by depositing the transaction amount, trading fees, levies or related settlement charges, and brokers' commission to their securities account. The whole amount will be debited from their securities account where the purchased shares will be deposited to the client's account on settlement day.

• Clients who place orders through online systems should make sure they have sufficient funds in their account. Otherwise, their order will be rejected by the system. When orders are executed, funds will be frozen until settlement 2 days later.

• For cash accounts, if there are insufficient funds in the account causing a negative balance, an interest will be charged. As for margin accounts, interest will be calculated according to the margin ratio of individual stock positions.

Sell Order Settlement

• Proceeds from the sale of stocks will be shown as tradable funds immediately, and cash will be credited to the client account on settlement day. As for the stocks, they will be frozen on the day of sale until settlement day, when they will be deducted from the related account.

• Proceeds from the sale of stocks can be used to buy other stocks immediately.

• If you would like to withdraw proceeds from the account, please do so after settlement day by informing your AE or sending the instruction through any online channel.

• You can sell the bought stock on the same day. Differences resulted from the two actions will be settled on T+2.

Compulsory Currency Transfer and Conversion Arrangement for Securities Accounts
To ensure customers’ timely settlement of outstanding balances arising from different securities trading markets and to avoid unnecessary interest charges due to delay or omission of fund transfer, we are going to implement a Compulsory Currency Transfer and Conversion Arrangement for all securities accounts with effect from 27 June 2016. You may click to here for details.

Transaction Records and Account Activities
As part of your transaction records and account activity summary, we will be sending you daily and monthly statements to your registered mailing address, or email address (if you have chosen to receive eStatments). If you would like to receive eStatments instead of physical statements, please change your preference by logging onto eServices.

Daily statements: These will be sent on the day following the respective transaction, recording all buy/sell, fund in/out, and other activities related to the account.

Monthly statements: These record all transactions and activity history of the account in the respective calendar month. Normally, these will be sent to client the first week of the following month.