Personal Banking
Precious Metals Margin
Capture every opportunity in the precious metals market.
We may execute your instructions as agent.
Nanyang Commercial Bank, Limited (“the Bank”) is appointed by Bank of China (Hong Kong) Limited (”BOCHK”) as agent. Precious Metals Margin is a product of BOCHK but not that of the Bank. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the product should be resolved directly between BOCHK and the customer.
For further information, please visit any of our branches or call our enquiry hotline at (852) 2622 2633.
The following risk disclosure statements do not purport to disclose all of the risks involved in Precious Metal/FX Margin Trading. You must read and understand all the related documents and risk disclosure before you make any investment decision. You are advised to seek independent financial and professional advice if you are uncertain of or do not understand any aspect of the following risk disclosure statements or the nature of and risks involved in Precious Metal/FX Margin Trading.
Risk Disclosure in respect of Precious Metal/FX Margin Trading
The risk of loss in leveraged foreign exchange trading and precious metals trading can be substantial. You may sustain losses in excess of your initial cash margin. Placing contingent orders, such as “stop-loss” or “stop-limit” orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional cash margin. If the required cash margin or interest payments are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account and interest charged on your account. A demand for additional cash margin is not a precondition to, and does not in any way limit, our right to liquidate your open positions according to the relevant terms and conditions. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives.
If your margin contract or margin fund involves Renminbi, you are subject to the RMB Conversion Limitation Risk.
Conversion Limitation Risk (Only applicable to Individual Customers)
RMB is currently not fully freely convertible. Individual customers can be offered CNH rate to conduct conversion
of RMB through bank accounts and may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions
at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.
Conversion Limitation Risk (Only applicable to Corporate Customers)
RMB is currently not fully freely convertible. Corporate customers that intend to conduct conversion of RMB through
banks may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers
should consider and understand the possible impact on their liquidity of RMB funds in advance.
This promotional material is for reference only. It is not and does not constitute any offer, solicitation or recommendation to buy or sell any investment product or service, or to effect any transaction.
All examples and other information contained in this material are purely hypothetical for illustrative purpose only and do not reflect a complete analysis of all possible scenarios. You should not make any investment decision based any example or information contained in this material. The Bank shall not be liable in anyway to anyone for any loss or damage arising out of any person’s use of or reliance upon such information.
Our Precious Metal/FX Margin Trading services are only available to persons who are permitted to use those services by applicable laws. Before you open a Precious Metal/FX Margin Trading account or place the instruction of Precious Metal/FX Margin Trading, you are responsible for satisfying yourselves that you may do so under the laws of the geographical location you are situated in and that you are aware of and observe all relevant restrictions that apply to your geographical location.