Charges and Commissions
| Items | Charging Plan | Charges | Minimum Charges |
|---|---|---|---|
| Commission (By Phone) | - | 0.50% of Contract Value | HK$100 |
| Commission (Internet Trade) | General Charge | 0.25% of Contract Value | HK$50 |
| 「Long Options $5 Plan」* | HK$5* per lot | N.A. | |
| Trading Tariff | - |
Tier 1: HK$3 for each contract Tier 2: HK$1 for each contract Tier 3: HK$0.5 for each contract |
- |
| Exercise Fee # | - | HK$2 for each contract | - |
- Commission is calculated separately for each side (buy / sell), different trading channels (phone and internet) and different position (open new position and close position) and is charged once for the same contract for each 4 different transaction prices on the same side.
- In the event of any late settlement of stock options assignment, interest on the ate settlement amount and a penalty equivalent to 0.05% of the assigned value (subject to a min. amount of HK$200) would be charged. Moreover, our company reserves the rights of restricting stock options assignment and exercise of such client in the future.
- In case of selling call options, if the client cannot settle the assignment on time which is assigned on the day before the ex-dividend date, mandatory buy-back must be done on the ex-dividend day and an amount equal to the dividend of the buy-back stocks would be debited.
# Exercise and assignment of stock options involve settlement of the underlying stock. Normal commission rate of phone orders and other related charges (including stamp duty, HKEX trading fee, SFC transaction levy and CCASS stock settlement fee) will be charged.
*Applicable to online trading of stock options traded on the SEHK to opening a long position(s) (i.e., relevant Long Call or Long Put instructions) and subsequent related closing position(s) (i.e., relevant Short Call or Short Put instructions). Please refer to Terms and Conditions for details.
| Items | Charges | Monthly fee refund requirement |
|---|---|---|
| Stock Option Individual Client Account | Monthly fee HK$3,000 | If client's monthly commission for HK Stock Option Account (including options trading and stocks trading in case of option exercise/assignment) is no less than HK$3,000 |
Terms and Conditions:
- [Stock Option Individual Client Account] 's monthly fee is HK$3,000.
- Monthly fee will be refunded only if client's monthly commission for HK Stock Option Account (including options trading and stocks trading in case of option exercise/assignment) is no less than HK$3,000.
- Request for subscription or termination of [Stock Option Individual Client Account] takes about 5 working days. To terminate the service in coming month, the client should notice CHIEF on or before 25th of current month.
- Monthly fee will be charged from client's account on earlier day of the beginning of each month and the application date, even if the application period is less than one month. If client’s account meets refund requirement, the monthly fee will be refunded at the beginning of next month.
- CHIEF reserves the right to modify any terms and freeze, modify and terminate [Stock Option Individual Client Account] without prior notice.
- CHIEF reserves the right to make the final decision in case of disputes.
If you wish to know more about commissions of Stock Options and other service charges, please press here.
All information is subject to change without prior notice.
