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Sun Hung Kai Forex Ltd. |
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SHK Forex
Sun Hung Kai Forex Ltd. is offering leveraged foreign exchange
trading services to investors of the currency market. The services
allow investors to capitalize on currency movements according
to their own investment strategy on a leveraged basis. Leveraged
trading is a highly flexible and cost effective means of investing
in the foreign exchange market as your investment strength is
being magnified. It is potentially very rewarding as the return
can be remarkably high relative to the amount invested. It is
a challenge for those who can exercise trading discipline and
good judgment.
Our company is the first Licensed Trader approved by the
Securities and Futures Commission in Hong Kong. As a long
standing market participant in the field, we provide our customers
with comprehensive and professional foreign exchange services.
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The Leveraged Advantage
Only 5% of the open contract value is required as initial deposit.
By using the initial margin, you are able to command a currency
position up to 20 times the size of the deposit. This facility
permits you to gain from the mechanics of leverage, whereby
a small variation in foreign exchange rates will generate a
large change in the overall value of your currency position.
Bank interest is paid on excess margin deposit. |
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24 Hours Trading
Our trading hours start from Monday 7.00 a.m. through Saturday
4:00 a.m. (or 3:00 a.m. during New York summer time). Through
us, customers have direct access to the foreign exchange market
round the clock. Certainly you would not miss any profitable
opportunity in the market. Our staff are there to serve you
and receive your orders throughout the day. |
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Professional Advice
All our customers are served by professionally trained and well-experienced
account executives. Not only can they address your investment
needs on a day-to-day basis, they are also able to furnish you
with updated market information and comments to assist your
trading decisions. |
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Choice of trading Currencies
There are 6 major currencies against the US Dollar and 3 cross
currency combinations for you to invest. All trades are deferred
spot foreign exchange contracts, that is no physical delivery
of currencies is required. Outstanding positions are rolled
over every day at competitive interest rates. Dealing may be
in currency or Dollar terms and contracts can also be denominated
in IMM sizes. Other currencies may be available upon request. |
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Currencies |
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Amount per Contract |
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British Pound GBP
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50,000 |
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Euro EUR
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100,000 |
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Swiss Franc CHF
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100,000 |
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Japanese Yen JPY
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10,000,000 |
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Australian Dollar AUD
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100,000 |
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Canadian Dollar CAD
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100,000 |
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Cross Currencies |
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Amount per Contract |
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EURO/YEN EUR
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100,000 |
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EURO/CHF EUR
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100,000 |
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EURO/GBP EUR
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100,000 |
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Margin Requirement
Initial margin required is 5% of the total open position. It
is important for customers to ensure that their accounts are
sufficiently margined at all times with cleared funds when carrying
open positions. Margin calls are made when customer's margin
deposit drops below 60% of the initial margin. |
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Fine and Competitive Rates
Our Dealing Room is always actively involved in the foreign
exchange market and is in a position to quote customers competitive
rates with fine spreads in all the currency types we offer. |
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Settlement of Accounts
All account settlement transactions are calculated in terms
of US Dollar. There is no restriction on squaring of position.
Selective position close-out is allowed. Trading transactions
are confirmed daily with customers. In addition, monthly account
statements detailing trading activities will be sent to you
for your reference. |
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Opening an Account
We offer a host of different accounts to suit your needs, ranging
from individual, joint, sole proprietor, partnership to corporate
accounts. Simply contact us for further
details at (852) 2822 5001. |
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Trading Example
On Day 1, customer sells YEN 10,000,000 against USD at the going
spot rate of 123.20 . His position is left open until Day 3.
On Day 3, customer buys YEN 10,000,000 against USD to close
out his position at the going spot rate of 124.10 .
Profit/ Loss and Interest Differential calculations:
Profit on exchange rate :
(¥10,000,000 ÷ 123.20) - (¥10,000,000 ÷
124.10) = USD588.65
Suppose USD interest is at a premium to YEN by 1% , position
interests amount to :
¥10,000,000 ÷ 123.20 x 1% ÷ 360
days x 2 days = USD4.51
Total profit from the transaction :
USD588.65 + USD4.51 = USD593.16
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IMPORTANT |
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The risk of loss in leveraged
foreign exchange trading can be substantial. You may sustain
losses in excess of your initial margin funds. Placing
contingent orders, such as "stop loss" or "stop
limit" orders, will not necessarily limit losses
to the intended amount. Market conditions may make it
impossible to execute such orders. You may be called upon
at short notice to deposit additional margin funds. If
the required funds are not provided within the prescribed
time, your position may be liquidated. You will remain
liable for any resulting deficit in your account. You
should therefore carefully consider whether such trading
is suitable in light of your own financial position and
investment objectives . |
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