Investment Fund Services

Business Banking > Investment > Current Promotion Offer
The newly launched “Forex & Gold Margin Services” for commercial customers provide leverage ratio up to 20 times(1), significantly enhancing the investment power. Customers can sell short as well as buy various foreign currencies or gold according to the forex or gold market situation to capture investment opportunities and enhance the potential return flexibly.


     
  From 8 July 2008 to 31 Aug 2008(2), commercial customers can enjoy double privileges by trading Forex or Gold Margin:



Currency Pair
Lots Per Transaction
Trading Spread As Low As
EUR / USD
20 lots or above
4 basis points(3)
12 lots to 19 lots
6 basis points(3)
USD / JPY
40 lots or above
4 basis points(4)
20 lots to 39 lots
6 basis points(4)



 
     

Terms and Conditions:
(1)
 20 times leverage ratio is only applicable to ProForex Trading Services and ProGold Trading Services. Please refer to the Service Guides of Hang Seng FlexiForex / ProForex / FlexiGold / ProGold Trading Services for the details of leverage ratio.
(2)
 The promotion period is from 8 July 2008 to 31 August 2008 (the “Promotion Period”).
(3)
 Trading spread as low as 4 basis points offer is only applicable to EUR/USD transactions of 20 lots or above per transaction placed via Hang Seng Bank Limited (the “Bank”)’s Manned Trading Hotline or Designated Account Manager (only applicable to ProForex Trading Services) by commercial customers during the Promotion Period, while for transactions of 12 lots to 19 lots per transaction, trading spread as low as 6 basis points offer will be applied. No offer is applicable to transactions of 11 lots or below per transaction. Please refer to the Service Guide of Hang Seng FlexiForex/ProForex Trading Services for the details of the amount per lot of various currency pairs. The offer is not applicable to conditional orders, close-out orders and transactions placed via Automated Trading Hotline.
(4)
 Trading spread as low as 4 basis points offer is only applicable to USD/JPY transactions of 40 lots or above per transaction placed via the Bank’s Manned Trading Hotline or Designated Account Manager (only applicable to ProForex Trading Services) by commercial customers during the Promotion Period, while for transactions of 20 lots to 39 lots per transaction, trading spread as low as 6 basis points offer will be applied. No offer is applicable to transactions of 19 lots or below per transaction. Please refer to the Service Guide of Hang Seng FlexiForex/ProForex Trading Services for the details of the amount per lot of various currency pairs. The offer is not applicable to conditional orders, close-out orders and transactions placed via Automated Trading Hotline.
(5)
 The 50% discount on commission fee of gold margin trading, that is USD0.5/lot per transaction after discount, is applicable to gold margin transaction placed via the Bank’s Manned Trading Hotline or Designated Account Manager (only applicable to ProGold Trading Services) by commercial customers during the Promotion Period. Please refer to the Service Guide of Hang Seng FlexiGold / ProGold Trading Services for the details of gold margin trading amount per lot. The offer is not applicable to transactions placed via Automated Trading Hotline.

*This is a product authorized by the Securities and Futures Commission. Such authorization does not imply official approval or recommendation.

For details, please contact our staff or refer to the respective promotion leaflet. The above offer cannot be used in conjunction with any other promotion offers. The Bank reserves the right to suspend, vary or discontinue the above offer and amend the terms and conditions thereof at any time without prior notice. The decision of the Bank on all matters relating to the above offer shall be final and binding on all parties concerned.

Risk Disclosure and Important Note:
The risk of loss in leveraged Gold/ foreign exchange trading can be substantial. You may sustain losses in excess of your initial margin funds. Placing contingent orders, such as stop-loss or stop-limit orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore carefully consider whether such trading is suitable for you in light of your own financial position and investment objectives. Investment involves risks. Investors should refer to the relevant Risk Disclosure Statement, Leaflet, Service Guide and terms and conditions for details before making any investment decision. The prices of gold are volatile. The customers should recognize that the prices of gold as well as the value of their investment may go down as well as up. The Account does not represent a deposit of money and provides neither yield nor interest (except those expressly specified by the Bank and notified to the Customer). The Customer will have no right to require any delivery or tender delivery of Gold in any physical form in Hong Kong or elsewhere under any Gold Trading Contract.