Personal Banking
FX Margin
Spot the opportunity to reap rewards
The Precious Metal / FX Margin Trading Services of Nanyang Commercial Bank, Limited (the “Bank”) allow you to buy or sell precious metals and currencies according to your investment appetite and the market outlook. Moreover, you can gear up your investment capital through the leveraged ratio to capture a higher potential return in volatile markets.
Various Choices in Precious Metals and Currencies
The Bank offers various choices in precious metals and
currencies to cater for your investment needs.
Precious metal margin: London Gold, London Silver, Tael
Gold and Kilo Gold
FX margin: any 2 currencies
among HKD, USD, AUD, CAD, CHF, EUR, GBP, NZD and JPY
Margin fund of as low as 5% to gear up your capital potential
The cash margin1 is as low as 5% for leveraged trading of up to 20 times. Time deposit at the Bank can be used as collateral in lieu of cash margin, which enables you to capture investment opportunities while earning interests.
Flexible Standing Orders
There is a wide selection of standing orders, including “Single”, “One-Cancels-the-Other (OCO)” and “If-Then” orders. The validity of standing orders is up to 14 days.
Position Squaring Appointment
If you hold more than one buy and sell contracts for the same pair of currencies or precious metal, you can place position squaring appointment by selecting the buy contract(s) and the sell contract(s) before the value date.
Free Instant Quotes and Alert Services
You can obtain instant quotes of currency exchange rate and precious metal price, and enquire the status of your standing orders, net position, and other account information via our Internet Banking or Mobile Banking free of charge. Once the standing order is executed, the Bank will send you a SMS notification.
Easy and Simple Account Opening
You can log in our Internet Banking, or visit any of our designated branches for account opening.
Multiple Trading Channels and Extended Trading Hours
The Bank provides multiple trading channels, including Internet Banking, Mobile Banking and Manned Trading Hotline. Together with extended trading hours, investment has never been easier.
Trading Channels and Hours (Hong Kong time)2
| Trading Channels/ Trading Hours |
Precious Metal Margin | FX Margin | |
|---|---|---|---|
| Local London Gold (LLG) & Local London Silver (LLS) |
Tael Gold (99G) & Kilo Gold (KLG) |
||
|
Mondays to Fridays 7:00am – 4:00am, the following day |
Mondays to Fridays 9:00am – 12:00noon, 2:00pm – 5:00pm |
Mondays to Fridays 5:00am – 4:00am, the following day |
Lot Size for Popular Trading Pairs3
| Precious Metal | Lot Size |
|---|---|
| Local London Gold (LLG/USD) | 50oz |
| Local London Silver (LLS/USD) | 2,500oz |
| Tael Gold (99G/HKD) | 50 taels |
| Kilo Gold (KLG/HKD) | 2,500g |
| Currency | Lot Size |
|---|---|
| AUD/USD | AUD 25,000 |
| USD/CAD | CAD 25,000 |
| USD/CHF | CHF 25,000 |
| EUR/USD | EUR 25,000 |
| GBP/USD | GBP 25,000 |
| USD/HKD | HKD 250,000 |
| USD/JPY | JPY 2,500,000 |
| NZD/USD | NZD 25,000 |
- The initial cash margin requirement is calculated on the basis of market value of the contract amount or its equivalent in other currencies, subject to any adjustment by the Bank at its sole and absolute discretion.
- Trading hours will be announced separately during the closure of Hong Kong or other major financial markets.
- There are other trading pairs available for your choice, please refer to the “Instruction – Precious Metal/ FX Margin” for details. The trading pairs are subject to revision by the Bank from time to time without prior notice.
- The above products, services and promotional offers are subject to the relevant terms and conditions. For details, please contact the staff of the bank.
- The Bank reserves the right to amend, suspend or terminate the above products, services and promotional offers and to amend the relevant terms and conditions at any time at its sole discretion without prior notice to customers.
- For information relating to the terms and conditions and charges of our services and accounts, please refer to the relevant Conditions and Rules for Services, Services Information, Guides and Schedule of Charges.
- In case of any disputes, the decision of the Bank shall be final.
- In case of any discrepancy(ies) between the Chinese and English version, the Chinese version shall prevail.
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
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.
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.