New Arrangement of Fund Deposit (Effective from 1-August-2017)
31 Jul 2017
In order to ensure client’s fund can be credited to CPY account accurately and the source of fund can be identified and verified, there will be new arrangement of fund deposit that effective from 1-August-2017. Please kindly pay attention and cooperate.

I. If deposit amount is over certain level, supporting document(s) should be provided and Call Verification should made before any fund deposit can be identified and credited to client's account. Please refer to Appendix for the acceptable supporting document(s).
Level Fund Deposit Amount (HKD) High Risk Client Normal / Low Risk Client
1

0 - 200,000

Supporting document

Supporting document

2

> 200,000 to 500,000

Supporting document
+ Call verification

Supporting document

3

> 500,000

Supporting document
+ Call verification

Supporting document


II. CPY representatives may call you according to the deposit amount and risk level to verify the deposit details and confirm that the source of fund belongs to client’s own account. Please pay attention and response to calls from CPY representatives for the Phone Verification of the deposit details.

III. Administrative charge will be applied if client cannot provide any supporting document/information to verify the fund deposit and requires CPY to ask for the transaction proof from the deposit bank.
Service charge Charge

To provide relevant information about cheque deposit, transaction advise, etc.

HKD100 (per fund deposit transaction)

Please note that the enquiry services takes time and it may take longer time to credit the fund deposit.

IV. CPY assigns designated email address for the receiving of supporting document/information. Please visit our company website http://www.cpy.com.hk/us/deposit_withdrawal.htm for details. Or please contact your Account Executives for the latest information.

Appendix: Acceptable supporting documents
Fund deposit method Supporting document required or
bank –in slip (a copy or image)

1. Bank transfer

Bank counter, ATM

Bank Transaction Advise (i.e. the bank-in slip)

Online banking

Payment confirmation or transaction record

2. Cheque

Cheque (deposit from bank counter)

Bank Transaction Advise (i.e. the bank-in slip)

Cheque (to Cheque drop box)

image of cheque + the bank statement that contains the transaction of fund transfer to CPY

Cheque (to Cheque deposit machine)

Bank Transaction Advise (please select to print with cheque image)

eCheque

copy of eCheque

3. PPS

ppshk.com**

Payment confirmation or transaction record

Phone PPS*

N/A

4. e-Bill payment of HSBC**

Payment confirmation or transaction record

5. Cash deposit

Bank account

Bank Transaction Advise (I.e. the bank-in slip)

CPY Headquarter / Branches

Accept cash payment for CPY services fees only (Maximum HKD100)

6. Phone banking

N/A

Please pay attention that:
* We do not recommend fund deposit from Phone PPS as no supporting document is available.
** Fund deposit through ppshk.com and HSBC e-Bill payment will be executed and credited to client’s CPY account instantly. Client is required to provide the supporting document/information about the fund deposit on the same day. If client failed to provide, CPY will reverse the fund deposit transaction.

Remarks:
1. If the name of the depositor can be shown clearly on the supporting document that can match with CPY client name, no further Phone Verification is required.
2. Third party deposit is not accepted. The name of deposit bank account must be the same as the CPY client account name.
3. If clients fail to provide supporting documents/information or the supporting documents/information provided is not accepted by CPY for any reason, CPY reserves the right to return the fund. You are liable to bear all bank charges and related risk, including but not limited to any forced liquidation actions taken by us, resulting from failure to timely deposit of fund so to meet the margin requirement. CPY is not responsible for all costs incurred by the customer as a result of the refund, bank interest, personal loss between client and the third party. Please note that the time necessary for crediting fund to clients' account(s) will take longer due to the verification of fund deposit.

Please refer to our company website to for deposit methods and details:
http://www.cpy.com.hk/us/deposit_withdrawal.htm

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