Trading
| Scrip In/Out
| Cash In/Out
| IPO
| Expiry
| Exercise
| Distribution
| Corporate Action
| Statement
| Others
| Interest Rates
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I-Access Commission Rate
Investment | Commission (Note 1) | Market Order Commission (Notes 2 & 3)
| Securities | $5 per order | $2 per order
| Futures | $5 per contract | $2 per contract
| Index option | $5 per contract
| Stock option | For 5 or fewer contracts, $5 per contract
For over 5 contracts, 0.1% of total premium (round up to $1, min. $30)
| Equity-linked option | $5 per contract
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Note 1: | One free commission coupon worth $5 will be granted for every $50 commission (excluding commission charged under Market Order Commission) actually paid (after the used coupon value) in all investment products in one day.
The coupon can be used on the following trading day, effective for 30 days. |
| Note 2: |
Market Order Commission is only applied to orders entered by clients directly for securities and futures transactions at market prices. It does not applicable for the following market orders:
1. Stop loss market order;
2. Auto-close order for session, day or tonight positions;
3. Force closure/auto-close order due to insufficient fund;
4. Market order in any type of special orders;
5. Odd lot market order;
6. Market order handled by I-Access staff manually;
7. Market order through RMB Equity Trading Support Facility;
8. Market order using dual counter;
9. Option market order; and
10. Market order for Northbound Trading Link under the Shanghai-Hong Kong Stock Connect.
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| Note 3: | Free commission coupon is not applicable for orders collecting Market Order Commission. |
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Other Securities Trading Fees
Fee Item | Collector | Charge Rate
| Stamp duty (Note 4) | HK Government | 0.1% of order consideration (round up to $1)
| Trading fee | HKEx | 0.005% of order consideration
| SFC levy | SFC | 0.003% of order consideration
(reduced to 0.0027% from 1 Nov, 2014)
| Clearing fee | HKEx | 0.002% of trade (Note 5) consideration
(min. $2, max. $100)
| Trading tariff | HKEx | $0.5 per trade (Note 5)
| TSF settlement fee (Note 6) | HKEx | $30 per order
$2.0 per trade (Note 5)
| Inter-counter transfer fee (Note 7) | HKEx | $5 per order
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Note 4: |
All derivative warrants and CBBCs, most of the debts and some ETFs are not subject to stamp duty. Detailed information can be found at
http://www.hkex.com.hk/eng/market/sec_tradinfo/secstpduty.htm.
| Note 5: |
One order may have one or more trades, so clearing fee and trading tariff charged by HKEx may vary.
| Note 6: |
TSF settlement fee only applies to securities transactons through the trading support facility of HKEx.
| Note 7: |
Inter-counter transfer fee only applies to dual-counter sell orders when the selling currency is different from the purchase one.
| Note 8: |
For order lasting over one trading day, the above charges are collected for each trading day with matched trade(s).
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Other Futures Trading Fees
Fee Item | Collector | Contract Class | Charge per Contract |
Trading fee |
HKEx |
HSI futures | $10 |
Mini-HSI futures | $3.5 |
HHI futures | $3.5 |
Mini-HHI futures | $2 |
CES 120 index futures | $10 (reduced to $5 from 3 Jun to 28 Nov, 2014) |
Stock futures | $3.5 |
HSI dividend futures | $3 |
HHI dividend futures | $1.5 |
Volatility futures | $10 |
Gold futures | $10.21 |
Interest rate futures | $5 |
RMB futures | $10 |
BRICS futures | IBOVESPA $10
Others $5 |
SFC levy |
SFC |
HSI futures | $0.6 |
Mini-HSI futures | $0.12 |
HHI futures | $0.6 |
Mini-HHI futures | $0.12 |
CES 120 index futures | $0.6 |
Stock futures | $0.12 |
Dividend futures | $0.6 |
Volatility futures | $0.6 |
Gold futures | $0.63 |
Interest rate futures | $0.6 |
BRICS futures | $0.6 |
Other Option/ELPO Trading Fees
Fee Item | Collector | Contract Class | Charge per Contract |
Trading fee |
HKEx |
HSI option | $10 |
Mini-HSI option | $2 |
HHI option | $3.5 |
Stock option
Equity-linked note | $3 (Tier 1)
$1 (Tier 2)
$0.5 (Tier 3) |
SFC levy |
SFC |
HSI option | $0.6 |
Mini-HSI option | $0.12 |
HHI option | $0.6 |
Scrip In/Out Fees
Fee Item | Collector | Charge Rate
| Custody fee | | Free
| Scrip deposit | HK Government | $5 per transfer deed |
Scrip withdrawal |
I-Access
| $5 per transfer deed (min. $30)
Additional $50 for request for minimum number of certificates* |
HKEx
| $3.5 per lot ($3.5 for quantity less than 1 lot) |
Settlement instruction
Securities deposit |
HKEx
| Input fee $1 |
Clearing fee 0.002% of value (min. $2, max. $100) |
Settlement instruction
Securities withdrawal |
I-Access
| $30 |
HKEx
| Input fee $1 |
Clearing fee 0.002% of value (min. $2, max. $100) |
Investor settlement instruction
Securities deposit
| HKEx
| Input fee $1 |
Investor settlement instruction
Securities withdrawal |
I-Access
| $30 |
HKEx
| Input fee $1
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*After paying the additional charge, I-Access will notify HKEx the number of share certificates to be the same as that of transfer deed. However, the final number of share certificates depends on the arrangement of HKEx. If client elects to have no limit on the number of certificates, the number received may be more than expected; at that time if less number of certificates is requested by client, the scrip withdrawal fee will be collected once more.
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Cash In/Out Fees
Fee Item | Charge Rate
| Cheque deposit | Free
| Deposit through PPS | Nil ($5,000 or more)
$5 (Less than $5,000)*
| Withdrawal | Free
| Bounced cheque | $100 + bank charges
| Stop cheque | $100 + bank charges
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* | I-Access has to pay for the PPS service for over $5 per instruction. For PPS deposit under $5,000, the client has to pay I-Access a deposit charge of $5 to compensate I-Access's payment for the PPS service. |
| ** | Clients who make cash or non-cheque deposits directly into I-Access bank accounts may be subject to large cash deposit charge or non-cheque deposit process charge. I-Access will deduct the same amounts from the clients' I-Access accounts to pay for the bank charges. To avoid such charges on your deposits, clients should use cheques or transfers. For cash deposit, clients should pay attention to the banks' definitions of large cash deposit. |
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Securities/Contract Expiry Fees
Fee Item | Collector | Securities/Contract Class | Charge Rate |
CBBC mandatory call/
expiry |
| No cash value | Nil |
I-Access | With cash value | $5 |
HKEx | $0.8 per board lot |
Expiry of futures open position |
I-Access | | $5 per contract
| HKEx
| HSI futures | $10 per contract |
Mini-HSI futures | $3.5 per contract |
HHI futures | $3.5 per contract |
Mini-HHI futures | $2 per contract |
CES 120 index futures | $10 per contract |
Stock futures | $10 per contract |
HSI dividend futures | $3 per contract |
HHI dividend futures | $1.5 per contract |
Volatility futures | $10 per contract |
Gold futures | $10.21 per contract |
Interest rate futures | $5 per contract |
RMB futures | $10 per contract |
BRICS futures | IBOVESPA $10 per contract
Others $5 per contract |
Equity-linked note (not exercised)
| I-Access | | $5 per contract |
Warrant Exercise Fees
Fee Item | Collector | Charge Rate
| Exercise of in-the-money derivatives warrant | I-Access | $5 |
HKEx | $0.8
| Exercise of equity warrant |
I-Access | $1 per lot (min. $5, max. $100) |
HKEx | $0.8 per lot (max. $10,000) |
Index Option Exercise Fees
Fee Item | Collector | Securities/Contract Class | Charge Rate |
Exercise of in-the-money index option |
I-Access | | $5 per contract |
HKEx
| HSI option | $10 per contract |
Mini-HSI option | $2 per contract |
HHI option | $3.5 per contract |
Stock Option/ELPO Exercise Fees
Fee Item | Collector | Charge Rate
| Handling charge | I-Access | $5 per contract
| Exercise fee | HKEx | $2 per contract (not applicable to short positions or ELPO)
| Stamp duty | HK Government | 0.1% of exercise amount (round up to $1)
| Trading fee | HKEx | 0.005% of exercise amount
| SFC levy | SFC | 0.003% of exercise amount
| Clearing fee | HKEx | 0.002% of exercise amount (min. $2, max. $100)
| Trading tariff | HKEx | $0.5
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Distribution Fees
Fee Item | Collector | Charge Rate
| Scrip fee | HKEx | $1.5 per lot ($1.5 for quantity less than 1 lot)
| Cash dividend | I-Access | $5 |
HKEx | 0.12% of dividend |
Non-cash distribution
E.g. bonus shares, warrants, rights | I-Access | $5
| Unclaimed dividend or other entitlements | I-Access | $230 |
HKEx | $200
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Corporate Action Fees
Fee Item | Collector | Charge Rate
| Preferential subscription
E.g. rights subscription, preferential offer | I-Access | $1 per lot (min. $5, max. $100)
| HKEx | $0.8 per lot (max. $10,000)
| Preferential offer has to collect commission, SFC levy and trading fee
| Share consolidation/
subdivision | I-Access | $5 |
Acquisition/Privatization | I-Access | $5 |
HK Government | Stamp duty 0.1% of value (round up to $1)
| Reverse consolidation/
subdivision | I-Access | $30 |
Statement Fees
Fee Item | Charge Rate
| e-statement | Free
| Statement by mail | $50 per statement + postage
| Previous day's e-statement | For statements within 1 month, free for first 10 requests, then $5 per statement
For statements one month ago, $5 per statement
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Other Fees
Fee Item | Collector | Charge Rate
| Real-time quotation service | I-Access | $210 per month
| Short selling due to option exercise | HKEx | 0.5% of market value on settlement date (max. $100000)
| Shareholder registration | I-Access | $5 per time
| Client's auditor
confirmation request | I-Access | $200 per time
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Interest Rates
Account | Balance | Annual rate
| Cash | HK$ Deposit | 0.01%
| US$ Deposit | 0.01%
| RMB Deposit | 0.25%
| Debit | Prime rate + 5.00%
| Margin | Deposit | 0.00%
| Debit | Marginable value or below
Prime rate + 2.00%
The portion exceeding marginable value
Prime rate + 5.00%
| Derivatives | Deposit | 0.00%
| Debit | Prime rate + 5.00%
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Prime rate is that of HSBC: currently 5.00% p.a.
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