Margin Financing is The Provision of Loans to Customers
for The Purposes of Investing
Core Pacific Yamachi provides margin financing service in order to help customers utilize financial leverage effectively and increase flexibility of capital. The enhanced buying power enables our customers to seize every profit-making opportunity in the ever-changing stock market.
Almost all securities quoted on the Hong Kong Stock Exchange are marginable. The margin percentage ratios vary, ranging from 10% to 70%.
Margin call is issued once the total collateral in the margin account falls below the outstanding balance. Margin call amount is equal to Outstanding Balance less Marginable Value. (Marginable value = portfolio value x margin percentage)
If clients fail to meet their margin call within the stipulated time, the company reserves the right to force sell shares without clients' consent.
Annualized percentage rate of standard margin loan is Prime rate+ 3%
How do I open a Margin Account?
All new account application forms must be signed in the presence of an authorized person in accordance with the SFC rules and guidelines.
Please have the following documents with you when opening a Margin Trading Account with us :
a. Identity card / passport
b. Residential address proof
*Any securities that fall under suspension will carry zero value in the margin account.
*We preserve the rights to adjust the margin rate or cease the margin financing without further notifying customers.
# A margin call must be met either by depositing additional cash, marginable shares or liquidating shares.Margin call must be met within 2 business days.