1. To make transactions using cash accounts,
clients must have sufficient funds in the account to cover
the total consideration required. We therefore suggest our
clients deposit funds for their upcoming transactions into
our company bank account at least one working day before
the transactions are made. If the net amount remaining in
our bank account exceeds HK$10,000, interest is payable
to the client in line with the prime savings account rate
listed by HongkongBank.
2. Our head office will issue contract
notes and daily statements direct to our clients' registered
addresses for confirmation, to keep better control of our
client trading records. If there are any special requests,
clients can also obtain such documents at our head office
settlement department. However, clients must give us advance
written notice.
3. If clients do not receive their contract
notes and daily statement three working days after their
transactions are made, please contact your broker or our
customer services department. Also, if there are any problems
with your records please contact us as soon as possible
to make any necessary amendments.
4. Our company will not accept any third
party unauthorised trading; ie. CPY will not make any transaction
unless placed directly by our clients (for all transactions,
clients must place their order directly through an order
ticket, by letter, telephone, mobile phone with our stock
trading services, or CPY's Internet stock trading services).
5. CPY strictly prohibits any short-selling
on stocks. A client must possess the stock to be sold in
his CPY client account before any sell order can be executed.
For physical delivery of stocks (physical scrips) or transfer
of stocks from another broker to CPY (i.e. S.I.), clients
should allow at least 14 working days for settlement and
confirmation. If the stock sold cannot be settled on T+2,
the client will be solely responsible for all legal liability
and consequential loss, if any.
6. If clients use their perusal account
under the CCASS system to safe-keep their portfolio, clients
must provide the related stock delivery dockets and statement
of account as evidence of ownership.
7. All cheques issued to our clients
by our company will be done so according to the information
stated on their account-opening document. Clients can either
collect their cheques at our head office or branch offices
in person on settlement day or they may authorise others
to collect cheques on their behalf. If that is the case,
please notify us in advance to make special arrangements.
Clients can also ask for a direct transfer of payment into
the bank account stated on their account record.
8. Our company does not accept cash or
post-dated cheques.
9. Our clients can use the following
two ways to transfer money into our company:
A. Clients can bring in a cheque or bank
draft in person, made out to
"Core Pacific
- Yamaichi Securities (H.K.) Limited".
B. Clients can make direct transfer
from a bank into one of our company accounts:
Hong Kong Bank account : 004-600-672737-003
Hang Sang Bank account : 024-388-255762-001
Standard Charter
Bank account : 003-447-004-8906-4
Bank of China account : 012-806-00008621
If clients transfer to the HongkongBank account, please
ask the bank clerk to add the clients' name and account
number to the receipt
If clients transfer to other accounts,
please fax the receipt to our broker before 4:00pm, our
customer fax number is (852) 2918-0409.
C. After the transfer is made, please
fax the copy of the receipt to the broker, or phone the
broker. As well as the transfer information, please state
which bank you transferred to, what branch and what time.
D. If clients transfer
the money by phone-banking, please also provide the transfer
reference number and time.
