Securities Savings Scheme

Securities Savings Scheme
Securities Savings Scheme
    By joining Wing Lung Securities Savings Scheme, you can accumulate quality shares with just a small amount of monthly contribution and benefit from "Dollar Cost Averaging". When the share price is on an upward track, your asset will appreciate. Your monthly contribution will buy more shares when the share price goes down. This is the right choice for investors looking for stable investment returns.
    Benefits of the scheme:
    • You do not have to invest a lump sum, and you can choose the amount you wish to invest from as low as HK$1,000.
    • You have the flexibility to change the contribution amount, select another share for investment or terminate the scheme without any charges.
    • You can add, amend or terminate the scheme or the contribution amount by using our NET Banking Services.
    • You can sell the shares in the account anytime.
    • You are entitled to the rights of a shareholder. Dividend and bonus will be deposited to your securities account directly.
    • Statement will list out the contribution status, number of shares bought and purchase price. Contribution history can be enquired through Wing Lung NET Banking Service and Automated Securities Trading (AST) Service.
    • In case you are in need of cash, you do not have to sell the accumulated shares. Just pledge the shares to us as security and you can get financing of up to 60% of the market value of shares after completing simple application procedures.

    "Dollar Cost Averaging" helps you to buy shares at the average price. On top of the net receivable dividend (if any), asset appreciation (if any) may bring you additional investment returns.

    Example:

    A customer joined the Securities Savings Scheme in September 2014. It is assumed that Tracker Fund (Stock Code: 02800) shares were bought at the closing price at the end of each month with monthly contribution of HK$2,000.

    Date Net Investment Amount* (HK$) Purchase Price (HK$) Number of Shares Bought Number of Shares Accumulated Net Dividend Received**(HK$)
    09/2014 $1,977.80 $23.80 81 81 -
    10/2014 $1,986.00 $24.20 80 161 $81.09
    11/2014 $1,986.00 $24.20 80 241 -
    12/2014 $1,989.30 $23.65 82 323 -
    01/2015 $1,980.50 $24.75 78 401 -
    02/2015 $1,982.70 $25.10 77 555 -
    03/2015 $1,998.10 $25.30 77 623 -
    04/2015 $1,977.80 $28.35 68 623 $82.14
    Total $15,878.20 - - 623 $163.23

    Example as of September 2014:
    Net investment amount = HK$23.80 x 81 shares + HK$50(Transaction fee for buying shares) = HK$1,977.80
    Refund of buying the particular shares = HK$2,000 − HK$1,977.80 = HK$22.20
    Cost per share = HK$15,878.20 / 623shares = HK$25.49
    Investment returns up to April 2015 = asset appreciation *** + net dividend received
    = (HK$28.35 − HK$25.49) x 623 shares + HK$163.23 = HK$1,945.01

    * Net investment amount = monthly contribution amount − refund
    ** Net dividend received = amount of dividend paid by the listed company − charges on dividend collection
    ***

    Asset appreciation = (closing price of the day − cost per share) x number of shares accumulated

     

    Details of Securities Savings Scheme
    Characteristics: Monthly contribution will be utilised to purchase shares selected by customers to the nearest units of share. Shares purchased will be directly deposited to customers' securities account of Wing Lung Bank, and monthly statement showing transaction details will be issued. Investment term is flexible.
    Payment method: Monthly contribution will be automatically debited to customers' savings/current account (settlement account) with Wing Lung Bank.
    Payment date: Payment will be made on the specified date each month (the actual payment date varies according to individual share).
    Share purchase date/Refund date: Two trading days after the payment date.
    Contribution amount: Minimum HK$1,000 per month with an increment of HK$500 or its multiples. Maximum HK$20,000. For each scheme, customers can invest in shares of one listed company.
    Transaction fee for buying shares: Flat charge of HK$50 (including all trade-related charges).
    Transaction fee for selling shares: Same as normal charges for selling shares. Please refer to Wing Lung Bank Securities Service Charges for details.
    Other charges: Charges on collection of dividend, bonus issued and other corporate actions will be levied according to Wing Lung Bank Securities Service Charges.

     

    Shares for selection and payment date
    2nd HSBC Holdings (00005) Hang Seng Bank (00011) China Shenhua (01088) ...
    5th CKH Holdings (00001) HKEx (00388) Bank Of China (03988) ...
    8th Henderson Land (00012) SHK PPT (00016) SinoPec Corp (00386) CCB (00939)
    11th CLP Holdings (00002) China Mobile (00941) China Comm Cons (01800) Ping An (02318)
    14th MTR Corporation (00066) Tracker Fund (02800) X WISECSI300ETF (02827) Zijin Mining (02899)
    17th HK & China Gas (00003) Petrochina (00857) CKI Holdings (01038) X ISHARES A50 (02823)
    20th Swire Pacific A (00019) China Life (02628) Stanchart (02888) ...
    21st Power Assets (00006) LINK REIT (00823) BOC Hong Kong (02388) ...
    24th Manulife-S (00945) ICBC (01398) HS H-Share ETF (02828) BankComm (03328)

    Securities Saving Scheme - Privileges Offer
    • Transaction fee refund
    • Commission rebate

    Remarks:
    1. Securities Savings Scheme (“This Scheme”) operates in accordance with the terms and conditions of Securities Savings Scheme under Section C of Part II of General Conditions for Accounts and Services.  Capitalized terms unless otherwise defined herein, shall have the same meanings as Section C of Part II of General Conditions for Accounts and Services. This Scheme is only applicable to customers who have opened cash securities trading account of Wing Lung Bank Limited (“Bank”).
    2. Relevant information of Securities transaction can be enquired through NET Banking Service and Automated Securities Trading (AST) on the day following the Transaction Date.
    3. All the refund amount (if any) after the execution of the relevant Instructions will be credited to customers'  Settlement Account on the Transaction Date.
    4. If the monthly contribution made by the customer amounts to above HKD20,000, customers can participate in two or more Schemes. Buying Trading Fee will be calculated separately for each Scheme.
    5. Trading Fee Rebate : Customers who make monthly contribution for six consecutive months and pay Trading Fee under the same Scheme, the sixth month of the Trading Fee will be fully refunded and will be deposited to the Settlement Account in the seventh month. If the customer switches the Securities during the period, the calculation of consecutive contribution will be started over again.
    6. Commission Rebate : Customers who participate in two Schemes under the same securities account and make the monthly contribution can get 10% commission rebate for each scheme. Customers who participate in three or more Schemes under the same securities account and make the monthly contribution can get 20% commission rebate for each scheme. Customers have to pay full buying Trading Fee of that month and the commission rebate will be credited to the Settlement Account within a month after the Payment Date. Commission means the remaining balance of Buying Trading Fee after deduction of stamp duty, transaction levy and CCASS settlement fee.
    7. Customers cannot enjoy the Trading Fee Rebate and the Commission Rebate at the same time. After calculation by the Bank, the Trading Fee Rebate or Commission Rebate of that month, whichever is higher, will be deposited to customers' settlement account.
    8. Customer can place an order for the sale of the relevant Securities in odd lots. Such sale order will be executed at odd lot market price (if any). The odd lot market price is normally lower than the board lot market price.
    9. If the customers participate in the Scheme under “Elderly Securities Account”, customers cannot enjoy Trading Fee Rebate and Commission Rebate.
    10. The Bank reserves the rights to suspend, amend or terminate any offer and/or vary its terms and conditions at any time without further notice. The Bank's interpretation and decision shall be final in case of any dispute.
    11. For information relating to the terms and conditions, services charges and promotional offers of securities services of the Bank, please refer to the promotional leaflets and Securities Charge Schedule.
    12. If there is any discrepancy between the English and Chinese versions of this terms and conditions, the Chinese version shall prevail.

    Enquiry Hotline: 230 95555
    Email: securities@winglungbank.com

    Risk Disclosure:
    Investment involves risks and the price of securities may fluctuate or even become worthless. Losses may be incurred rather than making a profit as a result of dealing in securities. You should carefully and independently consider whether the securities are suitable for you in light of your investment experience, objectives, financial position and risk profile. This advertisement has not been authorized by the Securities and Futures Commission. Independent professional advice should be obtained if necessary. Please read the relevant terms and conditions together with the risk disclosure statements in the General Conditions for Accounts and Services before making any investment decisions.

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