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1. |
How do I invest? |
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You can trade
High Yield Note (HYN) by opening
a securities account with us for free with no minimum
deposit required. We can help you to look for the HYNs
according to your investment needs and expectations. Most
HYNs are bought and sold in the over-the-counter (OTC)
market through the securities dealers' network. |
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2. |
How do I trade HYNs in the
primary market? |
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Primarily international financial institutions
and investment banks that are active players in the securities
markets issue HYNs. In the primary markets, HYNs are originated
by these international financial institutions and offered
to investors through the private banking firms and securities
dealers' distribution network. With a strong professional
dealing team and its powerful distribution network, SHKIS
plays a prominent role in the HYN primary distribution
process. We can provide you with the most competitive
pricing in the primary markets. On top of that, we can
also offer you customized services. Working through us,
you may have the structure of the HYN tailor-made in the
primary market to meet your investment objectives or to
suit your risk profiles. For example, you may set your
requirements on parameters such as the level of strike
prices, investment periods, underlying stocks, types of
market strategies, etc. These parameters can be adjusted
to match you expectations and financial situations. We
can also provide you with scenario analysis and risk-reward
assessment of investment strategies for an underlying
stock from different issuers. For further details, please
click HERE. |
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3. |
What benefits will I get
from trading HYNs in the secondary market? |
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You can buy and sell HYNs in the secondary
markets. Most HYNs are traded in the secondary markets
after they are successfully issued in the primary markets.
There are hundreds of HYNs outstanding in the secondary
markets. With our powerful dealing mechanism, we are in
position to deliver prompt and effective response to your
enquiries by finding the most competitively priced HYNs
that meet your requirements.
In most circumstances, issuers will provide bid and
offer prices in the secondary markets for HYNs issued
by them. That means you can have better protection on
your investments in the case where you have to liquidate
your HYN positions when the market goes against you.
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4. |
What is the minimum investment
size? |
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Although the amount may vary from one issuer
to another, the minimum investment amount is in the range
of HK$5,000,000 and upward. Through SHKIS, you can utilize
the full benefits of our powerful distribution network
and you can participate in the primary markets with an
investment amount of HK$1,000,000 and as little as HK$100,000
in the secondary markets. |
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5. |
What are the fees and commissions? |
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In most circumstances, we quote you HYN
prices net. That means the dealing price quoted on
HYNs includes all transaction costs. What you have to
pay for settlement of your HYN purchase is the dealing
price times your nominal investment amount. |
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6. |
Are there any other underlying
stocks apart from Hong Kong stocks? |
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Apart from Hong
Kong stocks, you can buy HYNs with underlying stocks
listed in other major stock exchanges, like US
stocks, Singapore Stocks. The HYN will be denominated
in the currency of the stock traded. For settlement of
purchases of HYNs denominated in foreign
currencies you can still pay us the currencies of
your purchase. Otherwise, you can settle the foreign currency
denominated HYN transaction through us by paying HK dollar.
We provide foreign exchange services and we can convert
currencies for you without extra charges. |
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Derivatives
