The Service is offered to individuals who are Prestige Signature customers and are

Non-U.S. and non-Canada persons, not a resident of U.S. nor Canada, and not a citizen of Korea with residential or correspondence address in Korea

Able to provide a valid identification document such as permanent Hong Kong Identity Card or passport; and

Maintain a valid US IRS W-8BEN Form with the Bank

You should be a Prestige Signature customer and must activate an overseas securities sub-account with suffix 381, activate an USD Savings sub-account under the Prestige Account via our branches (except MTR offices and i-Point) and maintain a valid US IRS W-8BEN Form with the Bank.
All US securities transactions will be settled through USD Savings Account (USD settlement account). Besides, you must activate the Phone Banking Service of the Prestige Account to trade US securities.

You can trade Common Stocks (excluding Warrants), Preferred Shares, ETFs and ADRs traded on NYSE and NASDAQ. However, we do not accept trading / transfer in of securities with order price / stock price under USD 1^*, or securities subject to “French Financial Transaction Tax” (“FFTT”) or “Italian Financial Transaction Tax” (“IFTT”), or any securities which are determined by Hang Seng Bank from time to time.

* Any US securities with unit price below USD1 are treated as Low Priced Securities (“LPS”) by the Bank. The list of LPS will be determined by the Bank in its sole discretion and which may change from time to time. In case a US securities becomes a LPS, the customer may need to take appropriate action, including but not limited to transfer out, sell or relinquish its right in those securities. The Bank will no longer offer any other services in relation to those securities, including but not limited to trading, settlement service and corporate actions etc services.

You can place, amend or cancel limit order through the designated Manned US Securities Trading Hotline from 6:00pm to the end of the trading hours of the next day (Hong Kong Time), Monday to Friday. Trading service will also be provided on Hong Kong holidays if it is a U.S. trade day.

No. Only “Day Order” on the same US Trade Day is available.

For executed orders, subject to client's agreement, we will notify you the execution results via phone call on the upcoming Hong Kong day time after the order is executed (excluding Saturday, Sunday and Hong Kong Public Holidays). Or you can call the designated Manned US Securities Trading Hotline 2998 9388 to check the order status and order execution results.

No.

Trading service will be provided on Hong Kong holidays if it is a U.S. trade day. If the settlement date of previous buy / sell trade falls on Hong Kong holidays, customer can still be able to sell respective securities / buy with respective funds. However, the actual fund / securities settlement will be deferred to the next Hong Kong working day (excluding Saturday). Contract Note will also be prepared and sent to customers on the next Hong Kong working day (excluding Saturday).

The US IRS W-8BEN Form allows beneficiary of a US sourced income to make a declaration of his / her status as non-US person. Non-US persons are subject to US withholding tax (generally 30%) on certain types of income received from US sources, such as interest, dividends, etc.

All non-US account holders need to maintain a valid US IRS W-8BEN Form with the Bank and the W-8BEN Form will be subject to regular review (Customer can visit the US IRS website for downloading the US IRS W-8BEN Form and for instructions on completing the Form: http://www.irs.gov/pub/irs-pdf/fw8ben.pdf & http://www.irs.gov/pub/irs-pdf/iw8ben.pdf. If you would like to know more about the US IRS W-8BEN Form, please consult your tax adviser).

No.They will be sent by post. Corporate event instructions of US securities cannot be submitted through e-Banking.

If the account does not have any US securities holding at the end of the month, no custody fee will be charged for that month. For account with US securities holding > USD 0 to USD 35,000, a flat USD 5 will be charged for that month. For account with US securities holding > USD 35,000, 0.24% p.a. of the market value of US securities holding (as of the month-end) will be charged for that month. Thus the amount of custody fee may be different from time to time as it will be calculated based on the number of calendar days of that month.