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Bullion Trading |
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1. |
What products can I trade? |
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You can trade a great variety of products
including London Gold, London Silver, London Platinum
and HK Gold. |
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2. |
What is the contract size
for these products? |
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London Gold and Platinum - 100ozs
London Silver - 5,000ozs
HK Gold - 100taels |
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3. |
How can I submit a trade? |
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You can place an order either by phone
or in person. |
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4. |
What types of orders can
I submit? |
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You can place: Day order, GTC order (good
till cancel), GTF order (good till Friday), OCO order
(one cancel the other), Limit order, Stop Loss order,
MOO order (market on open), MOC order (market on close),
etc., subject to different markets and different products.
For further enquiry, please click HERE
to contact us.
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5. |
When can I submit orders? |
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Normally, 24 Hours a day, subject to different
markets and different products. For further enquiry, please
click HERE to contact
us. |
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6. |
What are the market trading
hours? |
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| Bullion: |
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Monday to Saturday |
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08:00am to 02:30am |
| Tale gold: |
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Monday to Friday |
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09:00 to 12:30 |
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14:30 to 16:30 |
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Saturday |
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9:30 to 12:00 |
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7. |
How do I deposit/transfer
funds to my SHK account? |
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funds: |
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Cash deposit; |
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Cheque deposit; |
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T/T funds transfer; |
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Internal A/C funds transfer among Associated Companies
within SHK Group; |
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Deposit/transfer funds directly to the trust account
that we opened for you in Standard Chartered Bank
(SCB); |
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Deposit/transfer funds directly to our designated
bank account at Bank of China; and |
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Authorize us to transfer funds from your SCB account
on your behalf |
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8. |
How do I withdraw/transfer
funds from my SHK account? |
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| There are various ways to withdraw
funds: |
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Cash withdrawal; |
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Cheque withdrawal; |
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T/T funds transfer; |
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Transfer funds directly to your designate bank
account; and |
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Internal account funds transfer within the SHK
Group |
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9. |
How do I transfer funds/commodities/futures/currency
to external companies or a third party account? |
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A written instruction from you and approval
from our management according to our company policy and
guideline are required if such funds transfer involves
a third party. |
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10.How will I be notified
of the execution of my orders? |
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When an order is executed, we will contact
you as soon as possible (if so required). We will send
you a statement of account on the next business day. |
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11.What is the settlement
procedure date? |
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The value date of the Spot Bullion is T+2.
It means that you can take physical delivery of the executed
contract on the third day. If no physical delivery is
required, the related position will be deferred and interest
will be charged of paid whichever is applicable until
the position is closed. However, we will demand customers
from time to time to satisfy any margin calls without
taking consideration of the value date. |
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12.What kind of trade confirmations
and statements will I receive? |
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You will receive a combined statement of
account with composition of Sun Hung Kai Commodities Ltd,
Sun Hung Kai Bullion Company Ltd and Sun Hung Kai Forex
Limited whenever a transaction is executed. If your account
is not maintaining a zero balance and nil position, you
will receive a monthly statement too. |
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13.What are the margin requirements? |
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Referring to the Exchange Minimum Speculator
margin rate in respect of Gold and Silver products applicable
to the Comex Exchange of the United States, currently,
London Gold and Silver are charged at USD2,500.00. |
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FX / Commodities
