i Trade Securities Account Offer

i Trade Securities Account Offer
i Trade Securities Account Offer
    i Trade Securities Account Offer

    i Trade Securities Account of CMB Wing Lung Bank (“the Bank”) is tailor-made for investors who trade HK Stocks  through electronic channels of the Bank^. i Trade Securities Account Offer is available now. Apart from no minimum brokerage, i Trade Securities Account Offer also provides brokerage rate as low as 0.15%, which helps considerably reduce the investment costs. For trading warrants and Callable Bull/Bear Contracts (“CBBC”), the brokerage for each transaction is as low as HKD4.88/RMB4.88. The maximum brokerage will be “capped” each month. The more you trade, the lower the average cost.

    ^Electronic channels include CMBWLB Wintech mobile application, CMB Wing Lung NET Securities Services and CMB Wing Lung Automated Securities Services

    Features of i Trade Securities Account:
    • For trading HK Stocks listed on Hong Kong Stock Exchange  through electronic channels, the brokerage rate is as low as 0.15%, with no minimum brokerage ;
    • For trading warrants and CBBC listed on Hong Kong Stock Exchange through electronic channels with transaction amount HKD50,000/RMB50,000 or below, “brokerage is fixed at HKD4.88/RMB4.88” and the maximum brokerage will be “capped” at HKD2,888/RMB2,888 each month;
    • Monthly service fee of “Real-time Streaming Stock Quote Service” will be waived in the following month If the monthly accumulated brokerage reaches a designated amount;
    • Securities e-Statement Services provides you with up-to-date transaction records, it’s convenient and environmental friendly, and is free of charge.
    i Trade Securities Account Brokerage:
    Customer Segment

    i Trade Securities Account Electronic Channels
    Brokerage Rate

    		i Trade Securities Account Manned Channels
    Brokerage Rate
    (including any branches of the Bank and Manned Securities Services Trading Hotline)

    Customer of CMB Wing Lung Sunflower Service,
    CMB Wing Lung Private Wealth Management Service and CMB Wing Lung Private Banking Service

    		0.15%*
    (No minimum brokerage)

    0.3%
    (Minimum brokerage HKD125/RMB100)

    Other Customer

    0.18%*
    (No minimum brokerage)

    * For trading warrants and CBBC through electronic channels, the brokerage is as follows:

    • For transaction amount of HKD50,000/RMB50,000 or below, “brokerage is fixed at HKD4.88/RMB4.88” and the maximum brokerage will be “capped” at HKD2,888/RMB2,888 each month. The Bank will charge brokerage from the customer with brokerage rate at 0.15%/0.18% (depends on customer segment) or HKD4.88/RMB4.88 for each transaction (whichever is higher). If the actual brokerage of that calendar month is less than the brokerage paid, the overcharged brokerage will be rebated to the customer in the following calendar month. For details of i Trade Securities Account Offer, please refer to relevant terms and conditions.
    • For transaction amount of HKD50,000/RMB50,000 above, the Bank will charge brokerage from the customer with brokerage rate at 0.15%/0.18% (depends on customer segment).

    Remark: The above brokerage rate is based on transaction amount of each order.

     

    Warning: To borrow or not to borrow? Borrow only if you can repay!

     

    i Trade Securities Account Offer Terms and conditions:
    1. The promotional period of i Trade Securities Account Offer (“this Offer”) is valid from 1st April 2018 till further notice (“Promotional Period”). This Offer is only applicable for trading of stocks listed on the Main Board and GEM Board of Hong Kong Stock Exchange (“HK Stocks”) and warrants and CBBC listed on Hong Kong Stock Exchange (“warrants and CBBC”) by using i Trade Securities Account (“i Trade Account”) of CMB Wing Lung Bank Limited (“the Bank”).
    2. Customers who use i Trade Account to buy (or sell) the same HK Stocks or warrants and CBBC more than once through the same trading channel within a trade day will be treated as combined trade (“Combined Trade”). The brokerage of each transaction will be determined, calculated and charged according to the total amount of the Combined Trade and will be shown as one single transaction in the statement. CMBWLB Wintech mobile application, CMB Wing Lung NET Securities Services, CMB Wing Lung Automated Securities Services Trading Hotline, branches or Manned Securities Services Trading Hotline are regarded as individual trading channel.
    3. Customers who use i Trade Account of the Bank to trade HK Stocks though electronic channels (including CMBWLB Wintech mobile application, CMB Wing Lung NET Securities Services and CMB Wing Lung Automated Securities Services Trading Hotline), the brokerage rate for CMB Wing Lung Sunflower Customer, CMB Wing Lung Private Wealth Management Customer or CMB Wing Lung Private Banking Client is 0.15%; the brokerage rate for other customer is 0.18%, with no minimum brokerage. The Bank will charge the brokerage from the customer with brokerage rate at 0.15%/0.18% (depends on customer segment) or HKD4.88/RMB4.88 for each transaction (whichever is higher). If the actual brokerage of that calendar month is less than the brokerage paid, the overcharged brokerage will be deposited to the settlement account (for Cash i Trade Securities Account) or Margin i Trade Securities Account (for Margin i Trade Securities Account) of the customer by way of rebate in the following calendar month.
      Example: CMB Wing Lung Sunflower Customer trades HK Stocks through CMBWLB Wintech mobile application:Example:
      Transaction amount of
      trading HK stock (HKD)      		 Brokerage payable
      (HKD)      		 Brokerage paid in
      the month
      (HKD)      		 Amount of rebate
      in the following month
      (HKD)
      $2,000 $3
      [$2,000 x 0.15%]      		 $4.88
      [$2,000 x 0.15%] or $4.88
      (whichever is higher)      		 $1.88
      [$4.88-$3]
    4. Customers who use i Trade Account of the Bank to trade warrants and CBBC listed on Hong Kong Stock Exchange through electronic channels, with transaction amount HKD50,000/RMB50,000 or below, brokerage will be charged at HKD4.88/RMB4.88 for each transaction and the maximum brokerage will be “capped” at HKD2,888/RMB2,888 per month. The “capped” maximum brokerage is only applicable to each transaction with transaction amount HKD50,000/RMB50,000 or below. Hong Kong Dollar and Renminbi denominated transactions will be calculated separately. For transaction amount HKD50,000/RMB50,000 above, the Bank will charge brokerage from the customer with brokerage rate at 0.15%/0.18% (depends on customer segment) or HKD4.88/RMB4.88 for each transaction (whichever is higher). The overcharged brokerage will be deposited to the settlement account (for Cash i Trade Securities Account) or Margin i Trade Securities Account (for Margin i Trade Securities Account) of the customer by way of rebate in the following calendar month.
      Example: customer trades Warrant/CBBC through CMBWLB Wintech mobile application
      Transaction amount of trading Warrant/
      CBBC
      (HKD)      		 Brokerage payable
      (HKD)      		 Brokerage paid in the month
      (HKD)      		 Amount of rebate in
      the following month
      (HKD)
      $2,000 $4.88
      [fixed brokerage commission $4.88 for
      transaction amount
      $50,000 or below]      		 $4.88
      [2,000 x 0.15%] or $4.88 (whichever
      is higher)      		 $0
      $50,000 $4.88
      [fixed brokerage
      commission $4.88 for
      transaction amount
      $50,000 or below]      		 $75
      [$50,000 x 0.15%] or
      $4.88 (whichever
      is higher)      		 $70.12
      [$75-$4.88]
    5. Customers who trade any HK Stocks, warrants and CBBC through Branches of the Bank or Manned Securities Services Trading Hotline (“Manned Channels”), the brokerage rate is 0.3%. The minimum brokerage is HKD125/RMB100.
    6. The standard monthly fee of “Real-time Streaming Stock Quote Service” (Internet version) is HKD350 and the standard monthly fee of “Real-time Streaming Stock Quote Service” (Internet and Mobile version) is HKD388. If the accumulated monthly brokerage paid for HK Stocks, warrants and CBBC transactions reaches HKD1,250 or other equivalent currencies (for Internet version) or HKD1,500 or other equivalent currency (for Internet and Mobile version), the monthly fee of “Real-time Streaming Stock Quote Service” in the following calendar month will be waived.
    7. In order to enjoy this Offer, customers must register Securities e-Statement Services at the time of opening securities account. Registration of Securities e-Statement Services is free of charge. If customers request for using paper statement by mail thereafter, the applicable charges and offers of i Trade Account will be cancelled and the securities service charges of all items will be charged according to the standard charges stated in the Securities Service Charges on the “CMB Wing Lung Bank Tariff Guide” immediately.
    8. All Securities Accounts and the settlement accounts must be still valid when brokerage rebate is deposited.
    9. If the HK Stock traded is not settled in Hong Kong Dollar, the relevant brokerage rebate will be converted to the equivalent Hong Kong Dollar and deposited to the settlement account (for Cash i Trade Securities Trading Account) or Securities Account (for Margin i Trade Securities Trading Account). The exchange rate is determined by the Bank from time to time.
    10. The HK Stock bought through Securities Savings Scheme is not applicable to this Offer.
    11. Eligible Customer cannot enjoy brokerage, interest or coupon rebate of other related securities services offered by the Bank simultaneously. The Bank will calculate the rebate/coupon amount of each offer applied on an individual account each month for comparison, only one of the offers with the highest value will be given to the Eligible Customer.
    12. (Applicable to Margin i Trade Securities Trading Account) If the Margin i Trade Securities Trading Account was liquidated forcibly by the Bank during the Promotional Period (e.g. the account maintains insufficient margin causing the Bank to liquidate forcibly of all or part of the securities), such account will not be awarded any offer or brokerage rebate from that calendar month.
    13. Eligible Customer should still pay other relevant fees charged by the Bank and/or transaction fees, including but not limited to settlement fee, trading free, transaction levy and stamp duty, etc. For more details, please refer to Securities Service Charges on “CMB Wing Lung Bank Tariff Guide” and “Global Securities Trading Services Charges Schedule”.
    14. The Bank reserves the right to suspend, amend, terminate or cancel any offers, rewards, brokerage rebate and/or amend these Terms and Conditions at any time without further notice. Should there be any disputes of this e-Offer and the related terms and conditions, the Bank reserves the final right of explanation and decision. For details of these Terms and Conditions, service charges and promotional offers of the Bank’s securities services, please refer to the relevant promotional leaflets, Securities Service Charges on “CMB Wing Lung Bank Tariff Guide” and “Global Securities Trading Services Charges Schedule”.
    15. In case of discrepancies between the English and Chinese versions of these Terms and Conditions, the Chinese version shall prevail.
    Risk Disclosure:

    The above information is for reference only and does not constitute and should not be regarded as any offer to purchase or sell. Investment involves risks and the price of securities may fluctuate or even become worthless. Losses may be incurred rather than making a profit as a result of dealing in securities. You should carefully and independently consider whether the securities are suitable for you in light of your investment experience, objectives, financial position and risk profile. This advertisement has not been authorized by the Securities and Futures Commission. Independent professional advice should be obtained if necessary. Please read the relevant terms and conditions together with the risk disclosure statements in the “General Conditions for Accounts and Services” before making any investment decisions.

    Transactions conducted through financing obtained through pledge loans are highly risky. The losses you may suffer could exceed the amount of the cash and other assets you have deposited as pledges with us. You could be asked within a short time to deposit extra margin or pay up for the interest. If you fail to pay the required margin or interest before the designated deadline, your pledge is likely to be sold without your consent. In addition, you are also liable for any shortage of fund in your account and for the interest due. Therefore, you are kindly advised to ponder if such financing arrangements suit your financial status and investment strategies.

    Under certain market conditions, you may find it difficult or impossible to liquidate a position. In these circumstances, your loss will not be limited to your margin and may be a substantial amount in addition. You should not participate in margin trading unless you are willing to assume the risks associated with such transaction and are financially able to absorb losses.

    Declaration
    According to the Personal Data (Privacy) Ordinance, you may, at any time and without charge, choose not to receive our future promotional materials. Please inform us in writing in case of such a request to the Data Protection Officer. (Address: The Data Protection Officer, CMB Wing Lung Bank Limited, 45 Des Voeux Road Central, Hong Kong. Fax No: 2782 3895).

     

     

     

     

     

     

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