Here you will find description of miscellaneous fees. Majority of the accounts will not be subjected to these charges but the fee table is provided here as reference.
All fees refer to COL Global Access except where otherwise stated.
This fee is generally waived but may be charged if certain conditions are not met.
Monthly Activity Fee = 0 if
monthly commissions are equal to at least USD 20.
If monthly commissions are less than USD 20,
Standard Activity Fee= USD 20 – commissions.
The Monthly Activity Fee is also 0 for the following conditions:
The first three full calendar months from day of account opening
Accounts that have Net Liquidation Value >= USD 100,000 (or non-USD equivalent)
COL Securities (HK) Limited ("COLHK") imposes a daily "Exposure Fee" on a small minority of COLHK customer accounts that have a very high worst-case loss risk exposure. This is to protect COLHK and its customers from those accounts that have very risky positions that currently satisfy exchange margin requirements, but nonetheless could suffer excessive losses in the event of a significant market move (for example, accounts with high exposure to short option positions).
Exposure Fees only apply to a small minority of COLHK customer accounts with unusually risky positions. Most COLHK accounts are not subject to the fees. The fee is not a higher margin requirement. It is a fee to be deducted from affected accounts to compensate COLHK for the risk in servicing such accounts.
Each day, as part of its risk management policy, COLHK simulates profit-loss scenarios for client portfolios based on hypothetical market movements of certain magnitudes ("Exposure Analysis"). The scenarios examined may exceed the parameters used by various exchanges for determination of minimum margin requirements.
As part of this daily process, COLHK will calculate an Exposure Fee to be charged to high-risk accounts based on the potential exposure the account represents to COLHK in the event of a major loss. Under the Exposure Analysis conducted by COLHK, if an account would lose so much value that its equity would be eliminated and it would then additionally have an unsecured debt to COLHK (i.e., negative equity), this would represent an Exposure to the firm (since COLHK is legally obligated to guarantee its customers’ performance to the clearinghouse even if the customer has no remaining equity).
The Exposure Fee will be calculated for each weekday and charged to the account at the end of the following day. The results of the Exposure Analysis relating to the Exposure Fee will be made available for each account via the Account Management section of COLHK's website.
Please note the following:
If you wish to avoid being charged an Exposure Fee, please consider the following:
Terms and Conditions Risk Disclosures Client Agreement
COL Global Access is a registered trademark for the service offered by COL Securities (HK) Limited a limited liability company incorporated in Hong Kong and licensed in the regulated activity of Securities Dealing AHF149.