Notification for the Revisions of the Customer Agreement of BOCI Securities Limited
1. BOCI Securities Limited (“BOCIS”) has revised certain provisions of its Customer Agreement and incorporated all the relevant addendums to the Customer Agreement.The revised Customer Agreement will become effective from 2 April 2012. You may click on the below link to print the revised Customer Agreement for reference:
2. According to the terms and conditions specified in the Customer Agreement, BOCIS may change the terms and conditions at any time by conspicuously posting notice of such changes on its online trading platform.BOCIS may also notify any changes to the Customer Agreementby sending a written notice or the revised CustomerAgreement to its customers. The customers’ continued conduct of transactions or use of services of BOCIS after the effective date of the revised Customer Agreement will constitute the customers’ acknowledgment and acceptance of the revised terms and conditions.
3. If you do not agree with any revision to the Customer Agreement, you may terminate your account at any time by providing us with not less than three (3) business days’ prior written notice.Notice of such termination will be effective on receipt and processing by us, subject to the satisfaction and discharge of your indebtedness, liability or other obligation to us.
Date:
13-March-12
Heading:
Debit Interest Charge on Overdrawn Account
With effect from 12 March, 2012, you are required to pay an interest on any overdrawn / negative cash balance in any currency in the securities account.Interest shall be calculated on a daily basis and at such rate as we may specify from time to time and shall be deducted from the securities account on the last day of the month.
Please note, it is your sole responsibility to ensure that your account(s) (including securities, futures and options account) maintains a positive cash balance at all time.
US Equities Trading Commission and Service Charges Adjustment
US equities trading commission and service charges will be adjusted on March 5, 2012.
For details, please visit the Fees and Charges for US stock.
For any query,please contact your Relationship Manger/Investment Services Representatives
or call us at (852) 2121-0088 .
Date:
20-January-12
Heading:
Adjustment on Margin Requirements of Global Futures Contracts during Lunar
New Year Holidays
During the Chinese New Year Holidays (20 Jan - 25 Jan 2012), margin request will be adjusted
to 1.5 times the initial margin level as of the original level. Please call us as (852) 2121-0088
for more details.
Date:
6-January-12
Heading:
Australia Equities Trading Price Adjustment
Charges relating to Australia equities trading will be adjusted on January 7 2012. To find
out more about the new charging scheme, please visit the Global Equities Trading Particulars section.
2011
Date:
29-November-11
Heading:
Starting from 1 Dec 2011, the Price of US RTQ Service will Increase to HKD200 Every Month
Starting from 1 December 2011, the price of US real-time quotation (RTQ) service will increase from HKD120 to HKD200 every month.
For those interested in US stock quotation service, please click hereto subscribe for the RTQ Service of US stocks. For any query, please call us at (852) 2121-0088.
Date:
1-November-11
Heading:
Arrangement in Handling Physical Scripts/Transfer Agent-Initiated Deposits of Low Priced US Equity Securities
With effect from 1st December 2011, BOCI will no longer accept incoming deposits of physical scripts or transfer agent-initiated deposits (i.e. deposits/withdrawals at custodians - DWACs or Direct Registration System - DRS) for US equity securities that are either priced less than USD one cent per share or assigned to one of the bottom-three OTC market tiers (i.e. Caveat Emptor, Grey Market and No Information).
BOCI reserves the right to reject any deposit, including those meet one or more of the red flags described in Regulatory Notice 09-05, regardless of the price or market.Handling fee that has been charged will be non-refundable.
For more details, please click here or refer to the online Securities Deposit & Transfer page.
Date:
9-August-11
Heading:
Important Notice: Additional margin deposit requirement to all Hong Kong Futures
and Global Futures Contract
Due to recent fluctuation of the market , the initial margin of all Hong Kong Futures and
Global Futures will increase with immediate effect. For any query, please call us at
(852) 2121 0088.
Date:
24-June-11
Heading:
Capital Gain Tax on Sales of PRADA(01913.hk) shares & Withholding Tax on Dividends
Hong Kong residents trading shares of PRADA S.p.A. (01913.hk) are liable to capital gain tax on gains earned on a sale of shares and withholding tax on dividends.Shareholders not resident in Hong Kong may be subject to the payment of capital gains tax and withholding tax.Ultimate beneficial owners shall be responsible to submit the tax return and pay capital gain tax themselves, and shall themselves file the request to the Italian tax authorities for refund of withholding tax that has been withheld by PRADA S.p.A. (01913.hk) upon payment of dividend.
Date:
23-May-11
Heading:
Newly launch of "CHATS" function for Online Fund Withdrawal Service
To enhance the flexibility of fund withdrawal, we are pleased to inform you that a new "CHATS" online fund withdrawal function has been launched. Customers can simply make a selection on designated bank easily and activate a transfer conveniently anytime by clicking the Express function at a fingertip. For details, please refer to the important notice in the Fund Withdrawal function orclick here.
Date:
21-March-11
Heading:
Confirmation of BOCI’s passing the RMB Readiness Test organized by HKEx
During 17th to 20th Mar 2011, HKEx has arranged a simulation test available to all exchange participants to test the electronic initial public offering subscription (eIPO), trading, clearing and money settlement on the RMB Products covering Equity Securities (Margin Board & GEM), Derivative Warrants, Callable Bull/ Bear Contracts, Debt Securities, Exchange Traded Funds, Unit Trust / Mutual Funds. BOCI Securities has successfully passed the test and ready to trade RMB products.
Date:
18-March-11
Heading:
Renminbi Product Trading Service and Related Risk Disclosure Statements
Renminbi Product Trading Service
To broaden the scope ofservices offered, we are pleased to inform you that BOCI Securities Limited is ready to offer Renminbi product trading service to our customers.
Settlement of Renminbi products trades (including transaction levy, trading fee, stamp duty and commissions, if any) will be in Renminbi.For trade settlement purpose, we may offer currency conversion service to our customers at an exchange rate agreed between us and the customer, and such exchange rate will be shown in the daily statement of accounts to be sent to the customer.
Risk Disclosure Statements for Renminbi Products
Below risk disclosure statement cannot disclose all the risks involved. Investors should undertake your own research and study before trading or investing in the relevant product. Investors should carefully consider whether trading or investment is suitable in light of their own financial position and investment objectives.
Renminbi currency risk - Renminbi is not freely convertible at present and conversion of Renminbi through banks in Hong Kong SAR is subject to certain restrictions.For Renminbi products which are not denominated in Renminbi or with underlying investments which are not Renminbi denominated, such products will be subject to multiple currency conversion costs involved in making investments and liquidating investments, as well as the Renminbi exchange rate fluctuations and bid/offer spreads when assets are sold to meet redemption requests and other capital requirements (e.g. settling operating expenses).
The Mainland China government regulates the conversion between Renminbi and other currencies. If the restrictions on Renminbi convertibility and the limitations on the flow of Renminbi funds between Mainland China and Hong Kong SAR become more stringent, the depth of the Renminbi market in Hong Kong SAR may become further limited.
Exchange rate risks – the value of the Renminbi against the Hong Kong dollar and other foreign currencies fluctuates and is affected by changes in the Mainland China and international political and economic conditions and by many other factors. For Renminbi products, the value of the investment in Hong Kong dollar terms may decline if the value of Renminbi depreciates against the Hong Kong dollar.
Interest rate risks – the Mainland China government has gradually liberalized the regulation of interest rates in recent years. Further liberalization may increase interest rate volatility. For Renminbi products which are, or may invest in, Renminbi debt instruments, such instruments are susceptible to interest rate fluctuations, which may adversely affect the return and performance of the Renminbi products.
Limitation on the provision of Renminbi funding – In case you do not have sufficient Renminbi funding to subscribe Renminbi products, subject to compliance with all applicable laws, rules and regulations, we may assist you to convert other currencies to Renminbi. However, we do not guarantee that it can provide sufficient Renminbi funding for you due to the limitation on the flow of Renminbi funds in Hong Kong SAR. We may unwind your trade due to insufficient Renminbi funding and your investment may be adversely affected if you suffer losses due to settlement failure.
Limited availability of underlying investments denominated in Renminbi – For Renminbi products that do not have access to invest directly in Mainland China, their available choice of underlying investments denominated in Renminbi outside Mainland China may be limited. Such limitation may adversely affect the return and performance of the Renminbi products.
Projected returns which are not guaranteed – For some Renminbi investment products, their return may not be guaranteed or may only be partly guaranteed. You should read carefully the statement of illustrative return attached to such products and in particular, the assumptions on which the illustrations are based, including, for example, any future bonus or dividend declaration.
Long term commitment to investment products – For Renminbi products which involve a long period of investment, if you redeem your investment before the maturity date or during the lock-up period (if applicable), you may incur a significant loss of principal where the proceeds may be substantially lower than your invested amount. You may also suffer from early surrender / withdrawal fees and charges as well as the loss of returns (where applicable) as a result of redemption before the maturity date or during lock-up period.
Credit risk of counterparties – For Renminbi products invested in Renminbi debt instruments which are not supported by any collateral, such products are fully exposed to the credit risk of the relevant counterparties. Where a Renminbi product may invest in derivative instruments, counterparty risk may also arise as the default by the derivative issuers may adversely affect the performance of the Renminbi product and result in substantial loss.
Liquidity risk – Renminbi products may suffer significant losses in liquidating the underlying investment, especially if such investments do not have an active secondary market and their prices have large bid / offer spread.
Possibility of not receiving Renminbi upon redemption – For Renminbi products with a significant portion of non-Renminbi denominated underlying investments, there is a possibility of not receiving the full amount in Renminbi upon redemption. This may be the case if the issuer is not able to obtain sufficient amount of Renminbi in a timely manner due to the exchange controls and restrictions applicable to the currency.
Date:
7-March-11
Heading:
HKEx – Changes to Trading Hours, Effective from 7th March 2011
According to the HKEx circular dated 24th Jan 2011, changes to the trading hours of Securities and Futures Markets will be implemented in two phases with phase 1 effective on 7th March 2011 and phase 2 effective on 5th March 2012. Please click here for more information.
Date:
22-January-11
Heading:
TradeXpress Upgrade to Version 2.0
In order to cope with the trading system development, BOCI Securities has upgraded the downloadable version of securities trading software – TradeXpress on 22nd January, 2011. If you have already installed TradeXpress(Version 1.01), please click here to download the latest Version 2.0.
Amendment to Margin Addendum to Customer Agreement
The revised version of Margin Addendum is launched on 8th Nov 2010. New addendum covers the provision of margin financing services to trade listed securities, and as well as the provision of margin facility to trade unlisted securities.
Date:
27-September-10
Heading:
Reduction of Transaction Levy from 1 October 2010
According to the HKEx circular with effect from 1st October 2010, the transaction levy payable for a securities transaction will be lowered from 0.004% to 0.003%.
Date:
23-August-10
Heading:
Additional Bank Accounts for HK Futures, Global Futures & HK Options
In order to provide the ease of fund transfer, we have now opened a series of bank accounts to cater fund settlement on HK Futures, Global Futures& HK Stock Option. Please click here for new bank account information .
Date:
21-July-10
Heading:
The New Securities Trading Interface will be Officially Launched
In order to cope with customers' needs and to aim in serving you with an innovative trading system in future development, we are pleased to announce that we will officially launch the new securities trading interface on 2nd August 2010 in replacing the existing/old trading interface thereafter.
Date:
25-June-10
Heading:
Notice on Client's Account Information Online Updates
According to the guidelines set by regulatory institution, our company has recently arranged to notify our customers about the account information updates through mail, email and web.In the light of the online confirmation service, this feature has been enhanced and will be released again on 28th June 2010. Thank you.
2009
Date:
23-Dec-09
Heading:
Important Notice: Additional Margin Deposit Requirement to all Global Futures Contracts
with Immediate Effect
To cope with the market change, the margin deposit requirement of Global Futures has been increased, please call us at (852) 2121 0088 for more details.
Date:
20-Oct-09
Heading:
New Marginable Stocks derived from Component Stocks of 5 Major Market Indices
Additions of new marginable stocks (including component stocks from London FTSE Index, Japan Nikkei Stock Average Index, Singapore Straits Times Index, U.S. Dow Jones Industrial Average Index and S&P 500 Index) provide customers with larger flexibility of using investment funds.More than 1,300 marginable stocks with margin ratio up to 70% for selections now.Please contact us or your Account Manager for more details.
Date:
25-Sep-09
Heading:
Online Global Futures Trading Service
To provide more trading channels to clients, we are pleased to announce that Online Global Futures Trading is now available! For more information about the service, please contact us for more details.
Date:
19-Jun-09
Heading:
Malaysian Stock Trading Services
Malaysian Stock Trading Services are now available! For more information about its service fees & related updates, please click on below link or call us for more details.
Date:
8-Jun-09
Heading:
Changes in Locations for Physical Shares Deposit at Your Ease
Starting from 1st June 2009, counter service in our Taikoo Shing office will be terminated.In turn, 3 of our service centers will be at your service for securities deposit.Kindly click on below link for more details.
Date:
24-Apr-09
Heading:
Online Fund Trading
In order to provide more variety of products and trading channels, our Online Fund Trading Platform will be launched on 25th April 2009. A wide range of funds is made available to you to meet your investment need. The details of the online fund information is available in our website under Product and Service
Date:
23-Jan-09
Heading:
Online Trading NYSE ARCA's Listed ETFs
From now on, most ETFs listed in the NYSE ARCA exchange can be traded through online. Please contact us at (852) 2121-0088 assistance.
2008
Heading:
US Securities Order Size Limit Abolished
BOCI aims at providing quality and efficient trading platform to customers. In order to
enhance our services in US Securities, from now on, a single order with more than 5,000
shares can be placed. Please feel free to contact us for more details.
Heading:
Introducing New Interactive Customer Service Platform
As BOCI Securities always strives to provide better customer services, a new Customer
Service Platform is now introduced! Customers are now able to retrieve your trading history
by downloading online Daily & Monthly statements of the past 3 months. Moreover, value-
added functions like Online Corporate Actions (including Cash Offer, Dividend with Scrip Option,
Rights Conversation... etc.) would empower you to have a full control of your account via a
single platform.
Heading:
Taiwan Stock Trading And Mutual Fund Subscription Services
Taiwan Stock Trading and Mutual Fund Subscription Services are now available! To inquire
about its service fee & related information, please click on below link or call us for more details.
Heading:
Fee Schedule Updated (Effective from 1 May 2008)
With Effect from 1st May 2008, our company's Customer Fee Schedule has been revised.
For details, please visit our latest Fee Schedule.
Heading:
New Trading Tool - TradeXpress
TradeXpress is a proprietary client application written in Java and developed with the goal
to manage your account and send your orders more efficient. To experience it...
Heading:
Online Subscription for IPO Margin Financing
Now you can place IPO margin financing order through Internet. With sufficient down
payment in cash, IPO margin financing order with minimum loan amount HKD 150,000 can
be placed online.
Heading:
Monthly Purchase Plan (MPP)
To take advantage of dollar cost averaging and minimizing volatility, BOCI Securities Limited
provide Monthly Purchase Plan (MPP) for your selection and application forms for MPP are
now available to download in our website.
