Futures and Options Charges
| Futures |
| (per contract per side) |
Hang Seng Index Futures |
Mini-Hang Seng Index Futures |
H-shares Index Futures |
Mini H-Shares Index Futures |
HSI Dividend Point Index Futures (HSI Dividend Futures) |
HSCEI Dividend Point Index Futures (HSCEI Dividend Futures) |
| Initial Margin |
$67,650 |
$13,530 |
$46,250 |
$9,250 |
$3,320 |
$1,530 |
| Spread Margin |
$7,500 |
$1,500 |
$13,900 |
$2,780 |
$3,980 |
$1,830 |
| AE Commission / Cash Settlement Handling Fee |
Min per side :
$60 (DayTrade)
$100 (Overnight) |
Min per side :
$20 (DayTrade)
$35 (Overnight) |
Min per side :
$40 (DayTrade)
$90 (Overnight) |
Min per side :
$20 (DayTrade)
$35 (Overnight) |
Min per side :
$20 (DayTrade)
$35 (Overnight) |
Min per side :
$20 (DayTrade)
$35 (Overnight) |
| Online Commission |
Min per side :
$60 (DayTrade)
$100 (Overnight) |
Min per side :
$15 (DayTrade)
$25 (Overnight) |
Min per side :
$40 (DayTrade)
$90 (Overnight) |
Min per side :
$15 (DayTrade)
$25 (Overnight) |
Min per side :
$10 (DayTrade)^
$25 (Overnight) |
Min per side :
$10 (DayTrade)^
$25 (Overnight) |
| SFC Levy |
$0.60 |
$0.12 |
$0.60 |
$0.12 |
$0.60# |
$0.60# |
| Exchange Fee |
$10.00 |
$3.50 |
$3.50 |
$2.00 |
$3.00 |
$1.50 |
| Exchange Cash Settlement Fees |
$10.00* |
$3.50* |
$3.50* |
$2.00* |
$3.00 |
$1.50 |
* collected on the Final Settlement day for unsettled contract
^ No Wealth Point will be granted
# The Commission Levy will be exempted for the first six months of trading from 1 November 2010 to 29 April 2011 inclusive.
| Options |
| (per contract per side) |
Hang Seng Index Options |
Mini-Hang Seng Index Options |
H-shares Index Options |
| Initial Margin |
Calculate by the SPAN method |
Calculate by the SPAN method |
Calculate by the SPAN method |
| Spread Margin |
N/A |
N/A |
N/A |
| Commission / Cash Settlement Handling Fee* |
1% of contract value per contract per side
Min: Online & Offline $50
Max: Online & Offline $100 |
1% of contract value per contract per side
Min: Online & Offline $30
Max: Online & Offline $50 |
1% of contract value per contract per side
Min: Online & Offline $50
Max: Online & Offline $100 |
| SFC Levy |
$0.60 |
$0.12 |
$0.60 |
| Exchange Fee |
$10.00 |
$2.00 |
$3.50 |
| Exchange Cash Settlement Fees |
$10.00 ^ |
$2.00 ^ |
$3.50 ^ |
^ Option that are exercised on Expiry Day
* Out-of-money index options contracts will be subject to HK$30 and HK$50 Cash Settlement Handling Fee for mini index options contract and index options contract respectively, upon the contract expiry on settlement day.
| STOCK FUTURES |
| Service |
Charge |
| Commission / Cash Settlement Handling Fee |
Min: HK$12.00 per contract (per side)
(on day trade roundturn);
Min: HK$20.00 per contract (per side)
(on overnight trade roundturn)
|
| SFC Levy |
HK$0.12 per contract (per side) |
| Exchange Fee |
HK$3.50 per contract (per side) |
| Exchange Cash Settlement Fees |
HK$10.00 per contract (per side) |
Gold Futures |
| (per contract per side) |
In US Dollars |
| Initial Margin |
$8,790 |
| Initial Spread Margin |
$2,640 |
| AE Commission / Cash Settlement Handling Fee (For Hong Kong client only) |
Min per side : $15 |
| SFC Levy |
$0.08 |
| Exchange Fee |
$1.30 |
| Exchange Cash Settlement Fees | $1.30* |
* collected on the Final Settlement day for unsettled contract
| ONE/THREE MONTH HIBOR (per contract per side) |
| |
Initial Margin |
Commission
(For Hong Kong client only) |
SFC Levy |
Ex Fees |
Clearing Fees |
| One-month Hibor Futures |
$1,040 |
min $60 / $110 |
$0.60 |
$5.00 |
$5.00* |
| Three-month Hibor Futures |
$1,160 |
min $60 / $110 |
$0.60 |
$5.00 |
$5.00* |
| Three-year Exchange Fund Note (EFN) Futures |
$10,890 |
min $25 / $45 |
$0.60 |
$6.00 |
$6.00* |
* collected on the Final Settlement day for unsettled contract
| Overseas market Futures Contracts |
| Service |
Charge |
Commission
(For Hong Kong client only) |
Negotiable |
| Exchange Fee |
Vary between different Exchange |
Note: Changes or amendment of the information might be made at any time without prior notice.
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