Notes for Clients
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POEMS Global Trading Platform and Brokerage Services Manual

Last Update:May 13, 2014

Important Notes

  1. Japanese stock price quotes are delayed by at least 20 minutes.
  2. Some overseas stock exchanges operate with a market maker system, which may not be able to confirm the order execution until the market opens on the following trading day.
  3. US persons and Canadian residents are not allowed to trade US and Canadian securities respectively.
  4. Please take care when placing orders as market misconduct such as market manipulation and false trading are serious offences. Any error trades should be reported ASAP.
  5. Information contained herein is based on sources that Phillip Securities (Hong Kong) Limited (“PSHK”) believed to be accurate. PSHK does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof.

Risk Disclosures

1. Risks of using electronic trading services

If you undertake transactions via electronic trading facilities, you will be exposed to risks associated with the system including the failure of hardware and software, and your order may not be executed according to your instructions.

2. Risks of Securities Trading

The prices of securities may fluctuate dramatically and become valueless. Losses may be incurred as a result of buying and selling securities.

3. Risks of Derivatives Trading

Trading of derivatives involves high risks and is not suitable for every investor. The prices of derivatives may fall as rapidly as they may rise and you may suffer total or excessive loss of your investment amount.

4. Risks of Margin Trading

The risk of loss in financing a transaction by deposit of collateral is significant. You may be called upon at short notice to deposit additional margin funds. In extreme market conditions we may be unable to contact you or provide you with sufficient time to make the required deposits, and forced liquidation may be necessary.

5. Risks Relating to Restriction on Foreign Ownership of Japanese Stocks

Japanese laws impose restrictions on foreign ownership of Japanese stocks in some industries (e.g. aviation, broadcasting, and telecommunications). Foreign investors may be permitted to acquire shares beyond stipulated limits, but would be denied registration as shareholders, and consequently may not have the right to vote and receive dividends. Details of foreign investor holding ratios are available at http://www.jasdec.com/en/reading_e/for_pubinfo.php.

This brief statement cannot disclose all risks. You should therefore study carefully the risks disclosure statements on our website and in your client agreement.

Important Notes of Statement

Last updated on May 13, 2014

  1. The above transaction(s) was/were conducted through the nominee account of Phillip Securities (Hong Kong) Limited (“PSHK”) with the respective executing broker(s) on the applicable Exchange or fund house.
  2. Ref. No [*] denotes force trade. [#] denotes short selling order.
  3. In case of error or omission in this statement, please notify PSHK within 3 days from the date of this statement. Otherwise, this statement shall be deemed correct.
  4. PSHK or the executing broker(s) is authorized to collect the appropriate charges or levies in accordance with the rules prescribed by applicable Exchanges from time to time.
  5. All Transactions shall be subject to the Client Agreement and, in respect of those Exchanges and/or Clearing Houses where the Transactions are processed, the constitution, rules, regulations, practices, procedures and administrative requirements, as amended from time to time, of the relevant Exchange and/or Clearing House and to all applicable laws whether imposed on the Customer or PSHK, as amended from time to time.
  6. Transactions on markets in other jurisdictions may expose you to additional risks and Customer assets received or held by PSHK outside of Hong Kong may not enjoy the same level of protection as that conferred on assets received or held in Hong Kong. In particular, foreign securities trading is not regulated by the SEHK and will not be covered by the Investor Compensation Fund.
  7. Please update your account information by logging into www.poems.com.hk or downloading the Account Particulars Amendment Form.
  8. Client Agreement and Personal Information Collection Statement have been updated on http://www.poems.com.hk. Please contact our Customer Service at cs@phillip.com.hk or call 2277 6555 to stop receiving marketing information.
  9. Canadian residents are not permitted to trade / hold Canadian securities.

Guidance Notes on Good-Til-Cancel (“GTC”) and Good-Til-Date (GTD) Orders

We would like to provide information and risk disclosures regarding GTC and GTD orders below in order to facilitate Customers’ securities trading in account(s) held with us.

All GTC orders placed with Phillip Securities (Hong Kong) Limited (the “Company”) are assigned an expiration date of 30 calendar days only. Meanwhile, a GTD order is an order that lets Customer assigns a specific expiration date until which an order will continue to work. Similar to the GTC order, the maximum duration for a GTD order is 30 calendar days only. Both GTC and GTD orders will continue to be in force until it is filled, partially filled, or cancelled. Please take note of the following when placing either a GTC or GTD order (“Order”):

1. Once an Order is partially filled, the Order will be cancelled automatically at day end.

2. The particulars of an Order will not be altered in the event of any corporate actions (e.g. shares split, shares consolidation, stock code change, or ex-date events). Any orders affected by corporate actions may results in (i) a failure to execute the Order; (ii) losses or worse-than-expected execution results. Customers should stay abreast of corporate announcement notifications of their own accord and subscribe to relevant email announcement, newsletter, or updates (where available).

3. New orders ARE NOT regarded as GTC or GTD orders regardless of how the original Order is cancelled, unless explicitly stated otherwise by the Customer.

4. When an Order expires or is cancelled, the Company will not renew the Order automatically nor contact the Customer regarding the status of the Order.

5. The Company may cancel an Order at its discretion for any reason (e.g. credit issue of the Customer, suspension of the Customer account, etc.).

6. With respect to Local Stock trading, if the SEHK rejects an Order for whatever reason, the Order will be cancelled automatically at day end and will not be sent to the SEHK on the next trading day.

7. With respect to Foreign Stock trading, if the relevant exchange or a counter-party broker rejects an Order for whatever reason (e.g. order price is too far from market price, trading halt or trading suspended), the Order will not be resubmitted to the relevant exchange or counter-party broker on the day it was rejected. Unless instructed otherwise, we will send the Order again on the next trading day. The expiration date of the latter Order shall be the same as the original rejected Order.

8. For Foreign Stock trading, the placing of an GTC or GTD order can only be done by calling the Foreign Stock Dealing team directly at +852 2277 6678.

If have any enquiries regarding the above or foreign stock trading, please call the Foreign Stock Dealing Team (contact no. above) or the Customer Service Department at +852 2277 6555.

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Tel : (852) 2277 6678 (24Hr)
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Email : foreignstock@phillip.com.hk

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