US Securities Trading Service

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Investment > Securities Services > US Securities Trading Service

Securities Services

Investors should note that all investment involves risks. Prices of securities may go up as well as down and may even become valueless. Foreign securities carry additional risks not generally associated with securities in the domestic market. The value or income of foreign securities may be more volatile and could be adversely affected by changes in many factors. Investors should not only base on this website alone to make any investment decision, but should read in detail the relevant Risk Disclosure Statements.

US Securities Trading Service


Grasp investment opportunity Hang Seng US Securities Trading Service helps you to grasp every investment opportunity	Trade US Securities with Ease Eligible customers can simply activate an overseas securities sub-account

Product Features

FAQ

Product Features

Hang Seng US Securities Trading Service helps you to grasp every investment opportunity. The service is exclusively offered to individuals who are Prestige Signature customers.

Trade US Securities with Ease

Eligible customers can simply activate an overseas securities sub-account, activate the USD Savings sub-account under your Integrated Account at our branches and maintain a valid US Internal Revenue Service (“US IRS”) W-8BEN Form with the Bank to enjoy the US Securities Trading Service.

Place, amend or cancel limit order through designated Manned US Securities Trading Hotline.

Enquire order status and order execution results through designated Manned US Securities Trading Hotline.

Enquire free real-time US stock quotes through designated Manned US Securities Trading Hotline.

For more information, please call 2998 9388 during service hours

Trading Details

Trading hours of US Securities Trading (Hong Kong Time)	Monday to Friday except U.S. holidays Summer Trading Hours: 9:30 pm - 4:00 am of the next day* Winter Trading Hours: 10:30 pm - 5:00 am of the next day* *During the service hours of the designated Manned US Securities Trading Hotline, order can be placed from 6:00pm to the end of the trading hours of the next day, and order enquiry can be made from 6:00pm to 6:00am of the next day (the period of summer and winter trading hours is subject to US announcement)
Trading & settlement currency	USD
US securities available for trading	Common Stocks (excluding Warrants), Preferred Shares, ETFs and ADRs traded on NYSE and NASDAQ
Order type	Limit order
Minimum order quantity	1 Share
Settlement cycles	Settled on T + 2 day

Services Charges for US Securities Trading Service

For details, please refer to our Securities Services Charges.

FAQ of US Securities Trading Service

- 1. Who are eligible for US Securities Trading Service (‘Service’)?
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
- 2. I only have a Hang Seng Bank Securities Account with suffix 085, what kind of accounts do I need to activate if I want to trade US securities?
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.
- 3. What types of securities can I trade via the Service?
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.
- 4. How can I place / amend / cancel an order and can I give my instruction anytime?
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.
- 5. Can I specify the order expiry date?
No. Only “Day Order” on the same US Trade Day is available.
- 6. How can I check the status of my order placed for US securities and how am I notified of the execution results?
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.
- 7. Can I sell the stocks I have bought before its settlement? Can I use the funds from selling a stock to buy a new stock before its settlement?
No.
- 8. Can I trade US securities as usual during Hong Kong holidays?
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).
- 9. What is US IRS W–8BEN Form?
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).
- 10. Can I receive electronic copies of contract note, advices (e.g. corporate event) and statement of US securities if I have registered e-Statement/e-Advice Service or submit corporate event instructions of US securities through e-Banking?
No.They will be sent by post. Corporate event instructions of US securities cannot be submitted through e-Banking.
- 11. How does the custody fee be calculated?
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.