Invest in a more flexible way
Share Trading Limit Service1 provides you with a trading limit to buy securities even if there are insufficient funds in your settlement account at the time of order placement that brings you with more financial flexibility.
Provided that the total settlement amount (including brokerage fee, securities deposit charges and any third party transaction charges such as Transaction Levy, Stamp Duty and Trading Fee, etc ) for purchasing the securities does not exceed the total buying power, which is calculated on the aggregate total of the following items (1) the approved Share Trading Limit, (2) the sale proceeds from securities sold through the Bank and pending for settlement, and (3) the total available funds of your account, the Bank will accept the purchase orders. Subsequently, you have to deposit the total settlement amount (including the relevant fees and charges) of the securities purchase orders into your settlement account on or before securities settlement date (i.e. on or before T + 2 days)2.
Increase Buying Power
Share Trading Limit Service increases your total buying power by allowing you to use the limit granted to buy securities in addition to your own funds. Prestige Banking customers may apply for a minimum limit of HK$500,000; whereas Preferred Banking customers may apply for a minimum limit of HK$100,000. Once your application is approved, you may use the Share Trading Limit to buy securities immediately.
Free Service
No service fee is charged for applying for the Share Trading Limit Service.
Instant Order Confirmation Service
You are required to apply for Instant Order Confirmation Service3 at the same time of applying Share Trading Limit Service. The Bank will send the text message to your mobile phone regarding Share Trading Limit Service (e.g. message about force liquidation). Besides you will also be notified the execution results of your securities orders and IPO subscription allotment result via the text messages to your mobile phone.
Please visit our branches to apply for the Share Trading Limit Service.
For more information, please call 2822 0228 during office hours or visit our branches.