Text of Futures (Hong Kong and Global) and Options (Hong Kong
Brokerage 50% off From 1st June, 2017 to 31st August, 2017, Clients trading Specific Futures (Hong Kong and Global) and Options (Hong Kong)* can enjoy 50% off for brokerage. For further information or opening a futures account, please contact . * Details and lists of specific Hong Kong futures and options and global futures are as follows. Futures (Hong Kong and Global) and Options (Hong Kong) Promotion Global Futures Promotion Brokerage Normal Brokerage Online E-mini S & P E-mini NASDAQ- 100 E-mini Dow SGX MSCI Taiwan Index SGX FTSE Xinhua China A50 Index SGX CNX Nifty Index MSCI Singapore SGX Nikkei 225 Index Global Futures Promotion Brokerage Normal Brokerage Online British Pound US 5 / US 12.5 / US 10 / US 25 / US 5 US 12.5 US 10 US 25 Euros US 5 / US 12.5 / US 10 / US 25 / Swiss Franc US 5 / US 12.5 / US 10 / US 25 / Japanese Yen US 5 / US 12.5 / US 10 / US 25 / New Zealand Metal & Energy Futures US 20 / US 30 / Silver US 10 / US 15 / US 20 / US 30 / Copper US 10 / US 15 / US 20 / US 30 / Platinum Palladium US 10 / US 15 / US 20 / US 30 / Light Sweet Crude Oil Mini-Light Global Futures Promotion Brokerage Normal Brokerage Online 2 Yrs US 5 Yrs US 10 Yrs US Hong Kong Futures Contract Promotion Brokerage Normal Brokerage Hang Seng Brokerage Normal Brokerage H-Share Index Futures (HHI) Brokerage Normal Brokerage Hang Seng Brokerage Normal Brokerage IBOVESPA Futures (BOV) London Aluminum Mini Futures (LRA) Hong Kong Futures Contract Promotion Brokerage Normal Brokerage London London Copper Mini Futures (LRC) London London Tin London List of Promotion for Hong Kong Options Hong Kong Options Trading Promotions Brokerage Products Offline H-Share Index Index Options HKD10 (Fixed) HKD7.5(Fixed) HKD20(Fixed) HKD15(Fixed) Terms and Conditions of Futures (Hong Kong and Global) and Options (Hong Kong) Promotion (“T&Cs”) 1. Futures (Hong Kong and Global) and Options (Hong Kong) Promotion (“the Promotion”) of Kim Eng Futures (Hong Kong) Limited (“Kim Eng”) commences on 1 June, 2017 and ends on 31 August, 2017 (“Promotion Period”) (both dates inclusive) and is only applicable to the transactions trading under List of Promotion for Hong Kong and Global Futures and List of Promotion for Hong Kong Options. 2. Client including existing client and new client opening a futures account who submit(s) a new application for the Promotion during the Promotion period. Client should read the T & Cs and the risk disclosure statement as stated herein carefully. 3. After the successful applications, eligible client shall be eligible for the offer of the Promotion during the Promotion Period. 4. Client must go through the suitability assessment before participating the Promotion. 5. The Promotion is not valid and cannot be used in conjunction with any other ongoing campaigns related to Futures and Options offered by Kim Eng from time to time, unless notified otherwise. 6. The Promotion is not eligible for client who receives margin call notice for his/her margin account under Kim Eng Securities (Hong Kong) Limited. 7. The Promotion offer is not applicable to Kim Eng Securities (Hong Kong) Limited’s contract and permanent staff and their direct family members. 8. By participating in this Promotion, the client should: (a) agree that client has read and understood the T&Cs and the Risk Disclosure Statements herein and agree to be bound by the T&Cs of the Promotion; (b) agree that Kim Eng’s decision on all matters relating to the Promotion, including the eligibility of Client to participate in the Promotion, shall be final and binding; (c) agree that all applications are subject to Kim Eng’s credit evaluation and approval. 9. Kim Eng reserves the right to reject at its sole and absolute discretion any application submitted without assigning any reason thereof. 10. Client is liable and shall personally bear all applicable fees and any other charges that may be levied against them under applicable laws, if any, in relation to their participation in the Promotion. 11. Kim Eng reserves the right to suspend, amend or terminate the Promotion from time to time, and to amend the rights of the terms and conditions without further notice. 12. Before making any investment decision, investors should carefully consider their own circumstances, risk tolerance, investment experience and investment objectives. If you are in doubt, you should seek independent legal, financial and other professional advice. 13. All remarks and footnotes stated in the Promotion materials shall form part of the T&Cs. Warning to Option Holders Some options may only be exercised on its expiry day (european-style exercise) and other options may be exercised at any time before expiration (american-style exercise). Client understands that upon exercise some options require delivery and receipt of the underlying commodities and that other options require a cash payment. An option is a wasting asset and there is a possibility that as an option holder client may suffer the loss of the total premium paid for the option. Client acknowledges that, as an option holder, in order to realise a profit it will be necessary to either exercise the option or close the long option position in the market. Under some circumstances it may be difficult to trade the option due to lack of liquidity in the market. Client acknowledges that Kim Eng has no obligation either to exercise a valuable option in the absence of client’s instruction or to give to client’s prior notice of the expiration date of the option. Warning to Option Writers As a writer of an option client may be required to pay additional margin at any time. Clients acknowledge that as an option writer, unlike an option holder, client may be liable for unlimited losses based on the rise or fall of the price of the underlying commodities and client’s gains are limited to the option premium. Additionally, writers of american-style call (put) options may be required at any time before expiry to deliver (pay for) the underlying securities to the full value of the strike price multiplied by the number of underlying commodities. Client recognises that this obligation may be wholly disproportionate to the value of premium received at the time the options were written and may be required at short notice. Risk of Trading Futures and Options The risk of loss in trading futures contracts or options is substantial. In some circumstances, client may sustain losses in excess of client’s initial margin funds. Placing contingent orders, such as “stop-loss” or “stop-limit” orders, will not necessarily avoid loss. Market conditions may make it impossible to execute such orders. Client may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, client’s position may be liquidated. Client will remain liable for any resulting deficit in client account. Client should therefore study and understand futures contracts and options before client trades and carefully consider whether such trading is suitable in the light of client’s own financial position and investment objectives. If client trades options client should be familiar with the exercise and expiration procedures and client rights and obligations upon exercise or expiry. This brief statement does not disclose all of the risks and other significant aspects of trading in futures and options. In light of the risks, client should undertake such transactions only if client understands the nature of the contracts (and contractual relationships) into which client is entering and the extent of client’s exposure to risk. Trading in futures and options is not suitable for many members of the public. Client should carefully consider whether trading is appropriate for me/us in light of client’s experience, objectives, financial resources and other relevant circumstances. Effect of ‘Leverage’ or ‘Gearing’ of Futures Transactions in futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract so that transactions are “leveraged” or “geared”. A relatively small market movement will have a proportionately larger impact on the funds client has deposited or will have to deposit: this may work against client. Client may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain client’s position. If the market moves against client’s position or margin levels are increased, client may be called upon to pay substantial additional funds on short notice to maintain my/our position. If client fails to comply with a request for additional funds within the time prescribed, client’s position may be liquidated at a loss and client will be liable for any resulting deficit. Risk-reducing Orders or Strategies of Futures The placing of certain orders (e.g. “stop-loss” orders, or “stop-limit” orders) which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as “spread” and “straddle” positions may be as risky as taking simple “long” or “short” positions. Variable Degree of Risk of Options Transactions in options carry a high degree of risk. Purchasers and sellers of options should familiarize themselves with the type of options (i.e. put or call) which they contemplate trading and the associated risks. Client should calculate the extent to which the value of the options must increase for your position to become profitable, taking into account the premium and all transaction costs. The purchaser of options may offset or exercise the options or allow the options to expire. The exercise of an option results either in a cash settlement or in the purchaser acquiring or delivering the underlying interest. If the option is on a futures contract, the purchaser will acquire a futures position with associated liabilities for margin. If the purchased options expire worthless, client will suffer a total loss of client investment which will consist of the option premium plus transaction costs. If client is contemplating purchasing deep-out-of-the-money options, client should be aware that the chance of such options becoming profitable ordinarily is remote. Selling (‘writing’ or ‘granting’) an option generally entails considerably greater risk than purchasing options. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. The seller will be liable for additional margin to maintain the position if the market moves unfavorably. The seller will also be exposed to the risk of the purchaser exercising the option and the seller will be obligated to either settle the option in cash or to acquire or deliver the underlying interest. If the option is on a futures contract, the seller will acquire a position in a futures contract with associated liabilities for margin. If the option is ‘covered’ by the seller holding a corresponding position in the underlying interest or a futures or another option, the risk may be reduced. If the option is not covered, the risk of loss can be unlimited. Certain exchanges in some jurisdictions permit deferred payment of the option premium, exposing the purchaser to liability for margin payments not exceeding the amount of the premium. The purchaser is still subject to the risk of losing the premium and transaction cost. When the option is exercised or expires, the purchaser is responsible for any unpaid premium outstanding at that time. Disclaimer: The information contained in the promotion leaflet does not constitute an offer or solicitation for the subscription or sell and purchase of any securities, futures or options, or any prediction of likely future movements in prices of any investment products and should not be treated as an investment recommendation. The participants of this promotion offer shall assume full responsibilities for their own actions and decisions made. Kim Eng Futures (Hong Kong) Limited had taken reasonable and appropriate measures to secure its obligations in this promotion activity and shall not be responsible for any losses, damages or fees incurred by the customers as a result of this offer. Investment involves risks and the prices of securities may go up or down and may even become valueless. Investors should read the relevant Risk Disclosure Statement and relevant documents before making any investment decision. If there is any inconsistency or conflict between the English and Chinese versions of this offer, the English version shall prevail.