EAST ASIA SECURITIES COMPANY LIMITED

Transcription

1 EAST ASIA SECURITIES COMPANY LIMITED Fees and Charges Disclosure Sheet for Hong Kong Securities Transactions (Effective April, 2016) Broad Categories of Fees and Charges Payable to (A) Trade-related Brokerage For orders placed via Mobile App and being executed: : For orders placed via the Internet or Automated Phone Trading Service and being executed: : For orders placed via our dealer by phone or over the counter and being executed: : Stamp Duty (except securities not subject to stamp duty) Transaction Levy Securities and Futures Investor Compensation Levy Investor Compensation Fund Trading Fee HKEx Trading Tariff HKEx * All fees and charges in the contract note for non-hkd trade transactions will be calculated on related HKD equivalent and charged on trading currency. 0.15% of transaction amount (Min. $80) 0.18% of transaction amount (Min. $80) 0.18% $ % of transaction amount (Min. ) 0.25% 0.1% of transaction amount (round up to the nearest dollar) 0.1% $ % of transaction amount % Suspended 0.005% of transaction amount 0.005% Waived (B) Scrip Handling and Settlement-related Stock Settlement Fee Transfer Deed Stamp Duty (for sales of physical scrip in stock market at the first time, except share certificates registered in name of Hong Kong Securities Clearing Company Limited and securities not subject to stamp duty) Physical Scrip Deposit (including those deposited for settlement) ) Physical Scrip Withdrawal Shares Transfer from/to other Brokers/Nominees/Stock Pledges through Settlement Instruction (S.I.)/Investor Settlement Instruction (I.S.I.) Multi-counter Transfer Instruction Fee and and and 0.002% of transaction amount in HKD (Min. $2 and Max. ) 0.002% $2 $5 per transfer deed $5 $8 per board lot for each stock (Min. and Max. $1,000) $8 $1,000 $8 per board lot for each stock (Min. ) $8 $5 per board lot for each stock (Min. ) plus charges (C) Information Services Corporate Communication Fee Real-time Stock Price Quotes Service over Internet and/or Mobile App Continuous Access [could be waived subject to there being at least transaction volume of HK$500,000 per calendar month being executed] [ HK$500,000 ] Per Quote Access [300 free quotes per calendar month initially and addition of 200 free quotes per every HK$50,000 of transaction volume being executed (to be calculated on the aggregate transaction volume as at month end)] [ 300 HK$50, ] per annum (Note: This fee will not be refunded if the service is cancelled within the year) $320 per month $320 either Continuous Access or Per Quote Access can be selected and any unused free quotes will not be carried forward to next month quote meter for Per Quote Access being used over Internet and/or Mobile App will be calculated together.1 per quote (Min. $10 and Max. $320 per month).1 $10 $320 (D) Account Maintenance Dormant Account Charges (No trading for over 1 year and without stock holdings) (E) Nominee Services and Corporate Actions Collection of Dividend Cash Dividend Scrip Dividend TS 63 (04/2016) $200 per annum $ % of dividend/interest collected (Min. HK/CNY25/US$4 and Max. HK$2,500/CNY2,000/US$350) 0.5% ,500 2, % of dividend/interest collected 0.12% 0.5% of dividend/interest collected (Min. HK/CNY25/US$4 and Max. HK$2,500/CNY2,000/US$350) 0.5% ,500 2, % of dividend/interest collected (Fractional shares for entitlement of cash dividend, if any) 0.12% Page 1

2 Broad Categories of Fees and Charges Payable to Registration & Transfer Fee At Book-close Dates with entitlement for any corporate actions Collection of Bonus Issue Bonus Shares/Warrants Redemption of Equity upon Maturity Debt Securities Redemption Fee Equity Linked Instruments Settlement Fee Subscription Charges Rights Issue (including excess rights application, preferential offer and open offer) Warrant/Callable Bull/Bear Contracts Exercise/Mandatory Call of Callable Bull/Bear Contracts Cash/Scrip Offer Charges for Other Corporate Actions (through ) Shares Consolidation, Shares Subdivision, Shares Exchange and Shares Privatisation, Compulsory Acquisition Shares Withdrawal of Listing on GEM/Main Board Charges for Other Corporate Actions (for physical scrip) Shares Consolidation, Shares Subdivision, Shares Exchange and Shares Privatisation, Compulsory Acquisition (applicable to all types of corporate action except collection of cash/scrip dividend) Dividend/Bonus Claim (for physical scrip) Equity Linked Instruments upon Maturity Share Registrar $1.5 per board lot $1.5 $1 for every $1,000 or part thereof $1,000 $1 To be advised by Issuer of ELI $1 for every $1,000 or part thereof $1,000 $1 $15 per transaction $15 $5 per board lot (Min. and Max. $500) $5 $500.8 per board lot (Note: This fee will not be refunded if the corporate action is finally revoked by the Company concerned).8 $250 per claim $250 $2.5 per board lot $2.5 $200 per claim $ % of dividend/interest collected 0.12% (F) Financing Charges and Others Application Fee for New Issue/Tender for Exchange Fund / HK Mortgage Corp. Notes For applications submitted via the Internet through our Cybertrading System: and 1% commission of new issue/0.1% commission of Exchange Fund Notes on successful allotment 1% 0.1% For applications that are received by our dealer over the phone or under written instruction or Yellow Application Form: and 1% commission of new issue/0.1% commission of Exchange Fund Notes on successful allotment 1% 0.1% Overdue Interest Share Registration Hold Mail Service Stock Balance Confirmation Photo Copy Charges Share Registrar Calculation based on the Prime Rate as quoted by The Bank of East Asia, Limited + 3%, Min. $200 $200 $5 per board lot for each stock (Min. and Max. $500) $5 $500 $2.5 per certificate $2.5 $800 per annum $800 $250 per letter $250 $20 per page $20 Page 2

3 Sample Illustrative Examples of Standard Fees and Charges Payable for Prescribed Scenarios for Securities Related Services Broad Categories of Fees and Charges ($) Example 1: Stock Purchase 1: Client buys 25 board lots or 25,000 shares (1,000 shares per board lot) of Company A via Mobile App. Total value of transaction is $25, ,000 1,000 A$25,500 Trade-related : Brokerage Stamp Duty Transaction Levy Investor Compensation Levy Trading Fee Trading Tariff 0.15% of transaction amount (Min. $80) 0.15% $80 0.1% of transaction amount (round up to the nearest dollar) 0.1%$ % of transaction amount % Suspended 0.005% of transaction amount 0.005% Waived Scrip Handling and Settlement-related : Stock Settlement Fee Total Fee Payable : $ % of transaction amount in HKD (Min. $2 and Max. ) 0.002% $2 $25,500x0.15%= $80 Min. $80 $80 $25,500x0.1%=$26 $25,500x0.0027%=.69 $25,500x0.005%=$1.28 $25,500x0.002%=$2 (Min. $2 $2 Example 2: Stock Sale (Physical Scrip for Settlement) 2: ) Client sells 50 board lots or 50,000 shares (1,000 shares per board lot) of Company A in physical scrip via dealer directly. Total value of transaction is $50, ,000 1,000A $50,000 Trade-related : Brokerage Stamp Duty Transaction Levy Investor Compensation Levy Trading Fee Trading Tariff Transfer Deed Stamp Duty 0.25% of transaction amount (Min. ) 0.25% 0.1% of transaction amount (round up to the nearest dollar) 0.1%$ % of transaction amount % Suspended 0.005% of transaction amount 0.005% Waived $5 per transfer deed $5 Scrip Handling and Settlement-related : Stock Settlement Fee Physical Scrip Deposit for Settlement Total Fee Payable : $ % of transaction amount in HKD (Min. $2 and Max. ) 0.002% $2 $8 per board lot for each stock (Min. and Max. $1,000) $8 $1,000 $50,000x0.25%= $125 $50,000x0.1%=$50 $50,000x0.0027%=$1.35 $50,000x0.005%=$2.5 $5 $50,000x0.002%=$2 Min. $2 $2 50x$8=$400 Example 3: Physical Scrip Deposit 3: Client requests to deposit physical scrip of the 25 board lots or 25,000 shares (1,000 shares per board lot) of Company A shares. 2525,000 1,000A Scrip Handling and Settlement-related : Physical Scrip Deposit Transfer Deed Stamp Duty Total Fee Payable : $205 $8 per board lot for each stock (Min. and Max. $1,000) $8 $1,000 $5 per transfer deed $5 25x$8=$200 $5 Example 4: Physical Scrip Withdrawal 4: Client requests to receive physical scrip of the 25 board lots or 25,000 shares (1,000 shares per board lot) of Company A registered in the name of his/her own name. After withdrawal from, 2 share certificates are received and registered in the name of HKSCC Nom Ltd for covering 25,000 shares, and client wishes to receive 1 certificate registered in his/her own name. 2525,000 1,000A 2 25, ,000 Scrip Handling and Settlement-related : Physical Scrip Withdrawal Financing Charges and Others : Share Registration Total Fee Payable : $330 $8 per board lot for each stock (Min. ) $8 $5 per board lot (Min. and Max. $500 plus Share Registrar s charges) (Note: $2.5 per share certificate of Share Registrar s charges are based on the greater number of certificate to be transferred or issued) $5 $500 $2.5 25x$8=$200 25x$5+2x$2.5=$130 Page 3

4 Broad Categories of Fees and Charges ($) Example 5: Stock Transfer between Two Intermediaries 5: Client requests to transfer 5,000 shares (500 shares per board lot) of Company A valued at $200,000 as free of payment to the securities trading account maintained with another broker. $200,000 5,000 A free of payment Scrip Handling and Settlement-related : Shares Transfer from/to other Brokers/ Nominees/Stock Pledges through Settlement Instruction (S.I.)/Investor Settlement Instruction (I.S.I.) Total Fee Payable : $55 $5 per board lot for each stock (Min. ) plus charges (Note: Current charges: Stock Settlement Fee 0.002% of the gross value for each S.I. transaction, subject to a Min. fee of $2 and Max. fee of for each S.I. transaction. Stock Clearing Fee for each S.I. input $1 each Money Settlement Fee.5 for HKD items, CNY items and USD items for each EPI issued by HKSCC for S.I. Transactions settled in on a DVP basis) 0.002% $2 $1.5 $5x10+$4+$1=$55 Example 6: Cash Dividend/Scrip Dividend/Interest Collection 6: Client holds 5 board lots or 5,000 shares (1,000 shares per board lot) of Company A. Dividend of per share of Company A announced. Total value of the dividend received is $2, ( on 5,000 shares, round down to 2 decimal places). 55,000 1,000AA $2, , Nominee Services and Corporate Actions : Cash / Scrip Dividends Collection Fee Total Fee Payable : $39.93 $ % on dividend/interest amount (round up to 2 decimal places) 0.12%2 0.5% on dividend/interest amount (round to 2 decimal places, Min. and Max. $2,500) 0.5% $2,500 $7.5 $2.43 Example 7: Bonus Shares/Warrants Collection 7: Client holds the 25 board lots or 50,000 shares (2,000 shares per board lot) of Company A. Bonus shares in ratio of 1 for 10 is distributed. 2550,000 2,000A A 10 1 Nominee Services and Corporate Actions : Total Fee Payable : $67.5 $1.5 $37.5 Example 8: Rights Issue 8: Client holds 86 board lots or 86,000 shares of Company A (1,000 shares per board lot) & entitled 21,500 rights shares (In ratio of 1 for 4). The client subscribes for 21,500 rights shares and excess application for 18,500 rights shares of this Rights Issue at subscription price of.1 per share. 8686,000 A1,000 21, ,500 18,500.1 Part I Book-close for Rights Issue Nominee Services and Corporate Actions : Total Fee Payable : $129 $1.5 $129 Part II Rights Subscription Nominee Services and Corporate Actions : Total Fee Payable : $ per board lot (Less than 1 lot also counted as 1 lot) (22 lots) $17.6 Part III Excess Rights Subscription Nominee Services and Corporate Actions : Total Fee Payable : Nil Nil Sum of Total Fee Payable in All Parts : $246.6 Page 4

5 Broad Categories of Fees and Charges ($) Example 9: Open Offer 9: Client holds 6 board lots or 60,000 shares of Company A (10,000 shares per board lot) & entitled 30,000 offer shares (In ratio of 1 for 2). The client subscribes for 30,000 shares of this Open Offer at subscription price of.20 per share. 660,000 A10,000 30, , Part I Book-close for Open Offer Nominee Services and Corporate Actions : Total Fee Payable : $9 $1.5 $9 Part II Open Offer Subscription Nominee Services and Corporate Actions : Total Fee Payable : $ per board lot (Less than 1 lot also counted as 1 lot) (3 lots).8113 $2.4 Sum of Total Fee Payable in All Parts : $111.4 Example 10: Cash Offer 10: Client holds 215 board lots or 430,000 shares of Company A (2,000 shares per board lot). All the 430,000 shares was accepted by the client at.045 per share under this Offer. Total Cash Consideration received by the client is $19,350 (430,000 x.045) ,000 A2, ,000 A.045 $19, ,000 x.045 Nominee Services and Corporate Actions : Registration & Transfer Fee Total Fee Payable : $614.5 $1.5.8 per board lot (Less than 1 lot also counted as 1 lot) (215 lots) $1 for every $1,000 or part thereof of the greater of (i) the cash consideration and (ii) the market value of the Shares, whichever is higher $1,000 $1 $322.5 $172 $20 Example 11: Warrants Conversion 11: Client holds 8,000 shares (8,000 shares per board lot) of Warrant A. The client subscribes all the 8,000 units of warrants at.9 per share. 8,0008,000 8,000.9 Nominee Services and Corporate Actions : Total Fee Payable :.8.8 per board lot (Less than 1 lot also counted as 1 lot) (1 lot) Example 12: Maturity/Mandatory Call of Callable Bull/Bear Contracts ( CBBC ) 12: Client holds 20,000 shares (10,000 shares per board lot) of CBBC A. Upon the CBBC matured or occurrence of a mandatory call event, the client will receive a cash settlement amount / residual value (if positive). 20,000 10,000 Nominee Services and Corporate Actions : Total Fee Payable : $ per board lot (Less than 1 lot also counted as 1 lot) (2 lots) $1.6 Example 13: Redemption of Debt Securities/Equity Linked Instruments upon Maturity (Settlement in share) 13: Client holds 25 board lots or 50,000 shares (2,000 shares per board lot) of Equity Linked Instrument A. Upon the Equity Linked Instrument matured, the settlement of the Equity Linked Instrument would be in form of share. 2550,000 A 2,000 Nominee Services and Corporate Actions : Settlement Fee Total Fee Payable : $500 $1 for every $1,000 or part thereof of the consideration (ELI holder has to bear the stamp duty on the part of ELI issuer) (50,000 Shares x Closing Price $3.8 (as of Expiry date of the underlying asset) / $1,000 x $1 x 2 = $380) $1,000 $1 50,000 x $3.8$1,000 x $1.00 x 2 = $380.8 per board lot (Less than 1 lot also counted as 1 lot) (25 lots) To be advised by the Issuer of ELI $380 $20 Page 5

6 Broad Categories of Fees and Charges ($) Example 14: Redemption of Debt Securities/Equity Linked Instruments upon Maturity (Settlement in cash) 14: Client holds 6 board lots or 3,000 shares (500 shares per board lot) of Equity Linked Instrument A. Upon the Equity Linked Instrument matured, the settlement of the Equity Linked Instrument would be in form of cash. 63,000 A 500 Nominee Services and Corporate Actions : Settlement Fee Total Fee Payable : $ per board lot (Less than 1 lot also counted as 1 lot) (6 lots).8116 To be advised by the Issuer of ELI $4.8 Example 15: Shares Consolidation, Subdivision, Exchange through 15: Client holds 5,000 shares of Company A. Share Consolidation in ratio of 10 into 1 is conducted. 5,000 A10 1 Total Fee Payable : Example 16: Shares Consolidation, Subdivision, Exchange through Physical Scrip 16: Client holds 50 board lots or 50,000 shares (1,000 shares per board lot) of Company A. Share Consolidation in ratio of 10 into 1 is conducted. 5050,000 1,000 ) A 10 1 Total Fee Payable : $250 $5 per board lot (Less than 1 lot also counted as 1 lot) (50 lots), Min. and Max. $500 $51150 $500 $250 Example 17: Privatisation through 17: Client holds 4 board lots 16,000 shares (4,000 shares per board lot) of Company A. Privatisation is announced at.25 per share. The Cash Consideration would be $4, ,000 4,000A.25 $4,000 Nominee Services and Corporate Actions : Registration & Transfer Fee Total Fee Payable : $39.2 $1.5.8 per board lot (Less than 1 lot also counted as 1 lot) (4 lots).8114 $6 $3.2 Example 18: Transfer of Listing from GEM to Main Board 18: Client holds 1 board lots 2,000 shares (2,000 shares per board lot) of Company A. The aforesaid shares would be withdrawn from the GEM to the Main Board. Share conversion in ratio of 1 to 1 would be conducted under this issue. 12,000 2,000A 1 1 Total Fee Payable: $15 $15 per transaction $15 $15 Example 19: Real-time Stock Price Quotes Service (RTSQ) over Internet and/or Mobile App - Continuous Access 19: - Client has subscribed for the Continuous Access service and has executed transactions via the Internet, Mobile App and our dealers with transaction volume of $290,000 and $500,000 (including buy and sell orders) in August and September respectively. 8 9 $290,000 $500,000 Information Services : RTSQ over Internet and/or Mobile App - Continuous Access $320 per month (could be waived subject to there being at least transaction volume of HK$500,000 per calendar month being executed) HK$500,000 Total Fee Payable in August 8 : $320, Total Fee Payable in September9: August: $320 September: waived 8 : $320 9 : Example 20: Real-time Stock Price Quotes Service (RTSQ) over Internet and/or Mobile App - Per Quote Access 20: Client has subscribed for the Per Quote Access service and has executed transactions via the Internet, Mobile App and our dealers with transaction volume of,000 and $130,000 (including buy and sell orders) in August and September respectively. Client has used 300 and 1800 clicks in August and September respectively. 8 9,000 $130, Information Services : RTSQ over Internet and/or Mobile App - Per Quote Access.1 per quote, Min. $10 and Max. $320 per month 300 free quotes per calendar month initially and addition of 200 free quotes per every HK$50,000 of transaction volume being executed (to be calculated on the aggregate transaction volume as at month end).1, $10 $ $50, Total Fee Payable in August 8 : $10, Total Fee Payable in September 9 : $110 August 8 ( )x.1=$10 Min.$10 $10 September 9 [1800-( x2)]x.1 =$110 Example 21: Overdue Interest 21: Client does not settle a stock purchase transaction for $1,000,000 on T+2 day. Such overdue payment is subsequently settled on T+3 day. HK$1,000, Financing Charges and Other Fees : Overdue Interest Total Fee Payable : 1.37 Calculation based on the Prime Rate as quoted by The Bank of East Asia, Limited plus 3%, Min. $200 (Note: Assume the Prime Rate is 8%) 3$2008% $1,000,000x(8%+3%)x1/365 =1.37 Page 6