Hong Kong Regulations

LEVERAGED FOREIGN EXCHANGE TRADING (BOOKS, CONTRACT NOTES AND CONDUCT OF BUSINESS) RULES - SECT 2

Interpretation

Caution: This is a past version. See the current version here.

In these Rules, unless the context otherwise requires- "address" (地址)
means-

   (a)  in the case of an individual, his residential or office address;

   (b)  in the case of a corporation, its principal place of business; and

   (c)  in the case of a partnership, its principal place of business;
        "advertisement" (廣告) has the meaning assigned to it in
        section 2(2)(a) of the Protection of Investors Ordinance ( Cap 335);
        "client" (客戶) means any person who has entered into a client
        agreement with a licensed trader; "client agreement" (客戶協議書)
        means a written agreement that complies with section 5; "contract"
        (合約) means any contract, other than a client agreement or a
        discretionary account agreement, that is entered into by a licensed
        trader with or on behalf of a client and that relates to transactions
        regulated by the Ordinance; "discretionary account agreement"
        (全權委託戶口協議書) means a written agreement that complies
        with section 8; "floating loss" (浮動虧損) means unrealized losses
        calculated by marking to market foreign currency positions; "floating
        profit" (浮動利潤) means unrealized profits calculated by marking
        to market foreign currency positions; "initial margin"
        (最初保證金) means the minimum amount required to be deposited by
        a client with a licensed trader for each contract opened; "licensed
        trader" (持牌買賣商) means a licensed leveraged foreign exchange
        trader; "maintenance margin level" (維持保證金額) means the
        minimum balance which must be maintained for each contract by a client
        subsequent to the deposit of the initial margin; "net equity"
        (權益淨額) means the balance in the relevant client's ledger
        account at any given time, plus any floating profit or less any
        floating loss, and after adjusting for any income credited to and
        charges levied against that account; "trading day" (交易日) means a
        day on which a licensed trader is open for business. (Enacted 1994)
        "address" (地址) "advertisement" (廣告) "client" (客戶) "client
        agreement" (客戶協議書) "contract" (合約) "discretionary
        account agreement" (全權委託戶口協議書) "floating loss"
        (浮動虧損) "floating profit" (浮動利潤) "initial margin"
        (最初保證金) "licensed trader" (持牌買賣商) "maintenance
        margin level" (維持保證金額) "net equity" (權益淨額)
        "trading day" (交易日)