Ways to Apply
OCBC Bank offers you the Securities Trading Preset Order Service - Preset Buy/Sell Order, Stop Loss Sell Order and Bi-directional Stop Gain/Loss Order.
Preset Buy/Sell Order allows customers to place an order valid for up to 7 calendar days if not executed.
When placing a Preset Buy/Sell Order, customer must specify a Preset Buy/Sell Price and a Valid Period. If the order is not executed, it will be carried forward to the next trading day until the end of the Valid Period. Once the order is executed, it will not be carried forward to the next trading day; and an order is regarded as “executed” even though it is only partially executed.
Note: The Preset Buy Price should be set at or below the nominal price, but must not exceed 50 spreads, whereas the Preset Sell Price should be set at or above the nominal price, but must not exceed 50 spreads.
When the stock price drops to $4.66 (i.e. Preset Buy Price plus 16 spreads*), the order will be placed to the market at $4.50 pending execution.
At the end of the trading day,
When the stock price rises to $5.34 (i.e. Preset Sell Price minus 16 spreads*), the order will be placed to the market at $5.50 pending execution.
At the end of the trading day,
*Assume 16 spreads to be the maximum price range determined by OCBC Bank in its absolute discretion that is acceptable for an order to be placed to the market pending execution.
Stop Loss Sell Order may be a cut loss strategy enabling customers to sell a stock when its price drops to an unfavorable level1.
When placing a Stop Loss Sell Order, customer must specify a Stop Loss Price, a Lowest Selling Price, and a Valid Period. When the stock price drops to the Stop Loss Price, the order will be triggered and delivered to the market pending execution at a price which may be at or below the Stop Loss Price but will not be lower than the Lowest Selling Price. Once triggered, the Stop Loss Sell Order will not be carried forward to the next trading day. On the other hand, if the stock price never drops to the Stop Loss Price, the order will be carried forward until the end of the Valid Period.
Note: The Stop Loss Price must be set below the nominal price and not exceed 50 spreads. The Lowest Selling Price should be set at or below the Stop Loss Price, but must not be less than 0.01 in the trading currency of the securities to which the order relates.
At the end of the trading day,
Bi-directional Stop Gain/Loss Order may help customer realize the gain if its price rises, as well as cut loss if its price drops.
When placing a Bi-directional Stop Gain/Loss Order, customer must specify a Stop Loss Price, a Lowest Selling Price, a Limit Selling Price, and a Valid Period. The order will be triggered either when the stock price drops to the Stop Loss Price or rises to the Limit Selling Price. When the stock price drops to the Stop Loss Price, the order will be triggered and delivered to the market pending execution at a price which may be at or below the Stop Loss Price but will not be lower than the Lowest Selling Price. When the stock price rises to the Limit Selling Price, the order will be triggered and placed to the market pending execution at a price which may be at or above the Limit Selling Price. Once triggered, the Bi-directional Stop Gain/Loss Order will not be carried forward to the next trading day. If the order is not triggered, it will be carried forward to the next trading day; and if the order has never been triggered on any trading day before the valid date, it will be carried forward until the end of the Valid Period.
Note: The Stop Loss Price must be set below the nominal price and not exceed 50 spreads. The Lowest Selling Price should be set at or below the Stop Loss Price, but must not be less than 0.01 in the trading currency of the securities to which the order relates. The Limit Selling Price should be set at or above the nominal price, but must not exceed 50 spreads. The difference between the Limit Selling Price and Stop Loss Price must be at least 30 spreads.
The Preset Order Service is subject to the Terms & Conditions of Preset Order Service for Securities Trading of OCBC Bank (Hong Kong) Limited which may be amended or supplemented from time to time.
Please note that investment involves risks, including the substantial loss of the principal amount invested. The prices of securities may move up or down, sometimes dramatically, and may even become valueless. Past performance is not indicative to future performance. It is as likely that losses will be incurred rather than profits made as a result of trading in securities. Renminbi-denominated securities have different features and varying degrees of risks.
Customers should not make any investment decision solely based on the information provided in this promotional material. Before making any investment decision, customers should read and consider all the relevant investment product's offering documents and information (including but not limited to the risk factors set out therein) and the OCBC Bank (Hong Kong) Limited (the "Bank") Risk Disclosure Statements to understand the product's features and associated risks. Investment decision is made by customers. Customers should also seriously consider if the relevant investment product is suitable for them by reference to their own financial resources and position, investment objectives, investment experience, expected investment horizon, risk profile, asset concentration and other relevant circumstances before making any investment decision. If necessary, customers should obtain independent professional advice before making any investment decision.
Nothing in this promotional material constitutes an investment advice or offer or an inducement to any person to acquire, trade or subscribe for any investments services or products referred to herein.
All investment products will be subject to the terms and conditions of the relevant account opening documentation, offering documentation and investment product documentation.
This promotional material is provided by the Bank and has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.
