Chief Securities Limited

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Home > Stock Options > Service Fees & Charges and Margin Requirement

Services Fee & Charges

Items	Charges	Minimum Charges
Commission (Phone-in)	0.50% of Contract Value	HK$100
Commission (Internet Trade)	0.25% of Contract Value	HK$50
Trading Tariff	Tier 1: HK$3 for each contract Tier 2: HK$1 for each contract	- -
Exercise Fee	HK$2 for each contract	-

** Commission is calculated separately for each side & trading channels, and is charged once for each 4 different transaction prices.
All information is subject to change without prior notice

Funds Deposit and Withdrawal

Deposit

Withdrawal

Designated Bank Accounts of "CHIEF SECURITIES LIMITED"

Bank Deposit
Clients can deposit via designated banks before 4:00 pm on each business day and fax the deposit slips to our Customer Services Department (cs@chiefgroup.com) at 8147 2612 for confirmation, clients should indicate their account number and account name on the deposit slip

Bill Payment
Clients can make payment throughHSBC or Hang Seng Bank e-banking, phone banking and ATM bill payment service. Choose “Chief Securities Limited” as your payee and input your 8-digit account number as your Payment Reference Number. Payment made before 4:00 pm on trading day will be updated to your securities trading A/C within 30 minutes.

Self-service Cheque Deposit Service
Visit HSBC “Cash Deposit Machine”/ Hang Seng Bank “Quick Cheque Deposit”. Insert cheque and input Chief designated bank account number & the total deposit amount. After that, please key in the Customer Reference, i.e. the combination of Account Type and 4-8 Digit Account Number.

Example:

Account Type	4-8Digit Account Number	Customer Reference
A- Cash Account	1234	A1234
P- Custodian Account	12345	P12345
M- Margin Account	123456	M123456
O-Stock Options Account	1234567	O1234567
F- Futures / Options Account	12345678	F12345678

Attention： For using Hang Seng Bank “Quick Cheque Deposit” service, the customer reference must be input in order to complete the entire deposit procedure,

If client is unable to provide a valid “Customer reference”, please keep the advice slip and call the Funds Deposit& Withdrawal Hotline 2500 9180.

PPS
Clients can make payment through PPS via hotline 18031 or visit www.ppshk.com. Choose “Chief Securities Limited” (Merchant Code 9680) as your payee, and input your 8-digit account number as your Payment Reference Number. Please choose the bill type “4- Stock Options Account”. Payment made before 7:00 pm on trading day will be updated to your US stock account in next trading day.

Payment in Person
Client can visit any one of our branches or our settlement department at head office for cheque deposit before 4:00 pm on each trading day.

Clients may call the Funds Deposit & Withdrawal Hotline 2500 9180 or contact our branches for fund withdrawal before 1:00 pm every trading day. Withdrawal instructions received after 1:00 pm will be processed on the next trading day. All funds will be deposited to your designated bank account in form of crossed cheque or clients may choose to pick up the cheque in person at head office.

Chong Hing Bank: 256-10-2690146
HSBC: 400-273900-292
Hang Seng Bank: 383-017175-668
Bank of China: 070-932-1-001950-0

All information is subject to change without prior notice

Margin Requirement

1. Premium paid on or before T+1 (but no margin is needed) if buy an option (i.e. long position).
2. Margin is required when you sell an option (i.e. short position). Margin requirement and delayed stock option quotation can be downloaded from HKEX.
3. However, if a writer sells a call option and the corresponding amount of shares had been used for covering, no margin is required. (Daily update)
4. For the strategy that combining one or more option positions, the margin requirements may not be the same as the amount listed by HKFE.

All information is subject to change without prior notice

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