NOTICE OF AMENDMENT TO CORE PACIFIC-YAMAICHI FUTURES (H.K.) LIMITED CLIENT AGREEMENT
10 Jul 2020
Re: NOTICE OF AMENDMENT TO CORE PACIFIC-YAMAICHI FUTURES (H.K.) LIMITED CLIENT AGREEMENT

  1. Introduction
    Notice is hereby given that pursuant to Clause 24.5 of Section I of the Core Pacific-Yamaichi Futures (H.K.) Limited Client Agreement (“the Agreement”), the Agreement is amended as set out in clause 2 of this Notice (“the Amendments”) effective from July 31, 2020.

    Words and expressions defined in the Agreement shall have the same meaning or interpretation, as the case may be, when used in this Notice, unless otherwise defined herein.

  2. Amendments
    The Amendments are as follows:

      (a) Definition of Broker under Clause 1.1 of Section I is deleted and substituted with the following (underline and cross-through provided for comparison only):

        “Broker” means CPYI and / or CPYF, whichever applicable, as selected by the Client in the Account Opening Form with whom to maintain Securities trading Account(s);


      (b) Definition of DCASS is inserted to Clause 1.1 of Section I as follows (underline provided for comparison only)

        “DCASS” means the Derivatives Clearing and Settlement system operated by the HKFE Clearing Corporation Limited and The SEHK Options Clearing House Limited;


      (c) New clause 2.19 is inserted under Section V as follows (underline provided for comparison only):

        2.19 The Client acknowledges and consents that the Broker shall, at its absolute discretion, be entitled to claim margin offset for the Client’s positions through the Client Offset Claim Account in DCASS.


  3. Conclusion
    Pursuant to Clause 24.5 of Section I of the Agreement, any member of CPY Group with whom the Client holds an Account may amend the Agreement by giving the Client not less than 21 days prior notice of the change in writing. The Amendments shall be binding on you if you continues to maintain the Account on or after the effective date of amendment.

    Subject to the Amendments set out in this Notice, the terms of the Agreement shall continue in full force and effect.

      This Notice is prepared in both Chinese and English versions. In case of any discrepancy between the two versions, the English version prevails. 。

      Please note that the updated Agreement containing the Amendments will become effective on 31-July-2020 and has been uploaded to “Customer Services → Download”of our website. We also take this opportunity to remind you of your rights under Paragraph 13 of Section I of the Agreement.

      Should you need any assistance and/or support, please feel free to contact our Customer Service Hotline at (852) 2166 3888.

      Core Pacific-Yamaichi Futures (H.K.) Limited
      Attachment (Version Jul 2018)
      Terms and Conditions for Trading Accounts (Effective from 31 Jul 2018 to 30 July 2020)

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