Dear Valued Client,

In the past few years, various banks charged negative interest rate to several currencies due to monetary policies implemented by various Central Banks. Yuanta Securities (Hong Kong) Company Limited (“YSHK”) has thus far refrained from passing on negative interest rate charges to our clients who maintain such currency credit balance.

Following YSHK’s recent review, please be informed that YSHK will start charging negative interest rate charges on any currency credit balances held with YSHK with effect from 1 March, 2019.

Negative interest rate charges will currently only be applicable to Euros, Yen and CHF. Exact rates will depend on the banks’ prevailing negative interest rate. Any changes in the negative interest rate will be announced on YSHK’s official website.

If you have any questions or require clarification on the above, please do not hesitate to contact our Customer Service Hotline at (852) 3555 7878 or your Account Manager.

Yours faithfully,
Yuanta Securities (Hong Kong) Company Limited