CHCF i-Futures Trading System
Important Notice to System Users

Before using this CHCF i-Futures Trading System ("i-Futures Trading System") provided by the Chong Hing Commodities & Futures Limited ("Company"), you must carefully read and fully understand, realize and accept the following items.

Transaction Fee: Transaction Fee: For Details of trading fees for transactions via this "i-Futures Trading System", please refer to our ¡§Service Charge Schedule¡¨.


Time for Receiving Orders:
Period Full-trading Day Half-trading Day Contracts Order Type
Pre-Opening
(Morning Session)
08:45 - 09:11 08:45 - 09:11 HSI¡AMHI¡AHHI LO¡AAO
Pre-Opening Allocation
(Morning Session)
09:11 - 09:13 09:11 - 09:13 HSI¡AMHI¡AHHI AO
Open-Allocation
(Morning Session)
09:13 - 09:15 09:13 - 09:15 No instruction or any kind of orders will be accepted during this period.
Morning Session * 09:15 - 12:00 09:15 - 12:00
12:00(Market Close)
HSI¡AMHI¡AHHI¡AMCH¡A
CHH¡AHSIO¡AMHIO¡AHHIO
LO
Lunch Break 12:00 - 12:30   No instruction or any kind of orders will be accepted during this period.
Pre-Opening
(Afternoon Session)
12:30 - 12:56   HSI¡AMHI¡AHHI LO¡AAO
Pre-Opening Allocation
(Afternoon Session)
12:56 - 12:58   HSI¡AMHI¡AHHI AO
Open-Allocation
(Afternoon Session)
12:58 - 13:00   No instruction or any kind of orders will be accepted during this period.
Afternoon Session * 13:00 - 16:30
16:30 (Market Close)
  HSI¡AMHI¡AHHI¡AMCH¡A
CHH¡AHSIO¡AMHIO¡AHHIO
LO
Our company does not provide After-Hours trading services.
HSI = HANG SENG INDEX FUTURES CONTRACTS
MHI = MINI-HANG SENG INDEX FUTURES CONTRACTS
HHI = H-SHARES INDEX FUTURES CONTRACTS
MCH = MINI-H-SHARES INDEX FUTURES CONTRACTS
CHH = CES CHINA 120 INDEX FUTURES CONTRACTS
HSIO = HANG SENG INDEX OPTION CONTRACTS
MHIO = MINI-HANG SENG INDEX OPTION CONTRACTS
HHIO = H-SHARES INDEX OPTION CONTRACTS
LO = Limit Order
AO = Auction Order
* The Regular Trading Session ("R Session") refers to "the Morning and Afternoon Trading Sessions"

The schedule for receiving orders listed above is reference to the time in which the trading system of the Hong Kong Futures Exchange Limited ("HKFE") accepts the Limit Orders (LO) and Auction Orders (AO). Moreover, the Company accepts one-day-valid orders with immediate effect only . All unfilled orders (including Stop-limit Orders) placed during the regular trading session ("R Session") will be cancelled automatically after the close of the R Session. After confirming the orders via this i-Futures Trading System, customers are obliged to check whether the orders have been accepted by the HKFE's trading system or not. The word "rejected" shown on the "status" column for an order recorded on the "Order Book" means that such order has been rejected by the system and will not be executed thereafter.


Emergency Hotlines: 3768-9988(For Orders Execution)¡F3768-9331(For System Operation & Performance)


Margin Requirement¡G
The total margin required to maintain a portfolio is calculated with SPAN and the "Claim Spread" principle of HKFE and the "net equity" for any account includes the net floating loss or gain of all the open contracts. Whenever a customer placing a trading order, the resultant amount of "initial margin" of his / her portfolio (including the order) must not be more than the current net equity in or the Margin Limit of his / her account. Generally, the preset Margin Limit of a new account is HK$250,000 but subject to the final approval of the company. To apply for any adjustment, a customer shall fill and send the form "Adjustment on Margin Limit" together with documents related to his / her financial strength to our office.

All new orders will be classified as "open orders" or "liquidation orders" automatically by the trading system in accordance with the current portfolio of the customer's account. Besides, holding long and short positions of the same type of contracts in one single account simultaneously is also forbidden.

When a customer is liquidating a portfolio with margin-offsetting contracts, total margin requirement of the portfolio may actually increase and prior "Deposit Instructions" should be completed to cover the extra margin required before such kind of liquidation.


Operation guidelines for a Stop-limit order:
For any Stop-limit Order submitted, information such as "Stop Price", "Order Price ("Price")" and "Quantity ("Qty")" have to be clearly specified. While a stop-limit order is triggered by the prevailing market price, (i.e. the conditions that the market price is equal to or higher than the Stop Price of a "Stop-limit Buy Order" or the market price is equal to or lower than the Stop Price of a "Stop-limit Sell Order") then the Stop-limit Order with specified Price will be automatically sent to the market. Whether the order can be completely or partially transacted merely depends on the prevailing market condition, both HKFE and the Company will not guarantee the execution of the order. In other words, Stop-limit Orders do not guarantee customers successful stop-loss or stop-earning protections. All unfilled Stop-limit Orders placed during the "R Session" are cancelled automatically after the close of that R Session. Customers are responsible to fully understand how a Stop-limit order is operated before placing such kind of orders. The act of submitting a Stop-limit order expressively means that the customer has already fully understood the operation of a Stop-limit order and is willing to bear any financial responsibility resulting from the order. Should you have further inquiries, please contact our customer service officers at 3768-9888 before adopting such kind of orders.


Risk Disclosure:
This brief statement does not disclose all of the risk and other significant aspects of trading in futures / options contracts. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk.

Trading in futures/options contracts is not suitable for all types of investors or general public. The risk of loss in trading futures contracts is substantial. In some circumstances, customers may sustain losses in excess of the paid initial funds. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, will not necessarily avoid or limit loss. Market conditions may make it impossible to execute such orders. Customers may be called upon at short notice to deposit additional margin funds in to their own accounts. If the required funds are not provided within the prescribed time, some or even all contracts with open position may be liquidated. However you will remain liable for any resulting deficit in your account. You should therefore study and understand the details of terms and conditions of the contracts that you intend to trade and carefully consider whether trading such contracts are appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances before trading.

All transactions via this "i-Futures Trading System", exposes to risks associated with the system including the failure of hardware and software, and that the result of any system failure may be that your order is either not executed according to your instructions or is not executed at all. In addition, due to unpredictable traffic congestion and other reasons, electronic transmission is not a reliable medium of communication. Moreover, all transactions via this "i-Futures Trading System" are also subject to the risks of delays in transmission, such as delays in receipt of your instructions or other information and delays in execution or execution of your instructions at prices different from those prevailing at the time your order is given, transmission interruption or blackout and that there are risks of misunderstanding or errors in communication. The Company accepts no liability, whether in tort or contract or otherwise, for any loss or damage arising from all the risks mentioned.

If you save your login password and/or trading password in the computer or you leave the computer unattended after logging in this "i-Futures Trading System", you may at the risk of unauthorized use of the online trading services by other third party. Moreover, there is also a risk of unauthorized use of your login password and/or trading password by others as a result of other reasons and you are wholly responsible to the losses or damages or other liabilities arising from your login password and/or trading password being abused or utilised by unauthorised persons. If you discover that there is any unauthorised use of your login password and/or trading password, you shall notify the Company immediately. In all circumstances, you shall indemnify the Compnay on demand for any losses, costs, damages, expenses or claims from which the Company may suffer as a result of any unauthorised use of your login password and/or trading password.


Rights of the Company and Your Obligations
Before making new positions in trading futures / options contracts, customers shall issue "Deposit Instructions" to pay for the necessary initial margin. All the "Deposit Instructions" cannot be cancelled thereafter. The company will hold the prescribed amount* and transfer in full later from the designated settlement account, regardless whether there has been any futures / options contracts traded before. In addition, the Company reserves the right (but not obligation) to reject any orders with insufficient equities or margin.

* The "fund holding" process is one of our risk control measures. We have rights to hold the full or partial amount of required margin at any time from the customers' settlement accounts in accordance with our operational need. Customers should never rely on this measure whenever placing any type of orders. In any circumstances, customers are solely responsible for all transactions instructed by them or their authorized representatives.

Customers are absolutely liable for monitoring changes in the market condition by themselves and are obliged to fully realize that the incurred investment losses may be in excess of cash over all paid margin. Therefore, customers should thoroughly study their own financial strength and make sure that there is sufficient available fund (ready to pay for all "Initial Margin" and "Additional Margin" being called when the net equities of their accounts are less than the required maintenance margin) in their designated settlement accounts maintained with the Chong Hing Bank Limited ("settlement account") before lodging any orders. Please note that in response to the occasional change for margin requirements of HKFE, the Company would increase the amount of both initial and maintenance margin accordingly and it may result in a sudden demand for additional margin. All necessary margin paid should be through "Deposit Instructions". Please don't deposit any cheque, cashier order or cash to CHCF's bank account directly.

Regardless of the net equity amount in the account or the fund status of the relevant settlement account while a customer is placing a new order via this "i-Futures Trading System", the Company still has the absolute rights to execute or not execute such order. In all circumstances, you are solely responsible for all transactions instructed by you or your authorized representatives.

The Company has the right (but not obligation) to hold fund from or debit customers' settlement accounts at any time so as to maintain the "net equity" not less than the required margin. If a customer fails to deposit sufficient fund to his / her settlement account, or the required fund cannot be held or debited from the customer's settlement account by the prescribed time, the company has the right (but not obligation) to liquidate any open contracts on behalf of the customer without prior notification ("Forced Liquidation") and an interest calculated on a daily basis at the rate of "P+3%p.a.", where P is the prime rate of the Chong Hing Bank Limited, can be resulted. In addition, the customer remains liable for any deficit and other obligations after "Forced Liquidation". Customers are required to update us about their latest contact numbers and other personal details.


Disclaimer:
Hong Kong Exchanges and Clearing Limited and/or its subsidiaries ("HKEx") and the Company endeavour to ensure the accuracy and reliability of the information provided, but all on-line trading services including that of this "i-Futures Trading System" involve lots of portions or parts which are actually out of the control of HKEx and the Company. Therefore, both HKEx and the Company do not guarantee the accuracy or reliability of any kind of information and the performance of this "i-Futures Trading System ", including but not limited to the execution of all kinds of orders input to this system, but accept no liability, whether in tort or contract or otherwise, for any loss or damage arising from any inaccuracies or omissions and/or related with any transactions or instructions.

The Company has the absolute explanation right of this "Important Notice to System Users". Should you have any question about it, please contact us to clarify before adopting this service or pressing the "Agree" button below. For enquiry, please call 3768-9988.

Your act of pressing the "Agree" button below means you acknowledge and accept all the items mentioned above and want to enter the trading login page. Should you think there is an alternative way more suitable to trade, please feel free to press the "Disagree" button to leave this "i-Futures Trading System".