Last updated on 29 Jan, 2015

1. Funds Deposit

Bank Lists*. Please visit Deposit:Bank Accounts。
*Deposit slip must be fax to our Futures Department (852) 2277 6866 with phone confirmation or email to futures@phillip.com.hk.
Client may deposit foreign currency acceptable in Phillip for trading, however If client’s account contains negative balance of USD or the overall account balance in terms of USD is negative, client will bear an interest for that negative amount (margin deficit).
Client who withdraws foreign currency available from Phillip (except USD by cheque) from Bullion account to the local bank account or any currencies to foreign bank account must submit the Original Telegraphic Transfer Form to Phillip and client will be charged with a telegraphic transfer fee deducted from client’s account. The approximate fee of each withdrawal is HKD400. Whether any additional fee would be charged by the corresponding bank, client should enquire of the bank in advance.
Phillip reserves the right, but is not obliged, to offset any negative balance or margin deficit with other currencies in the client's account.

Others

For account with equity lower than maintaining margin requirement, client will receive a margin call through mobile phone, email or SMS (if applicable)and will be required to either square the position or deposit/transfer funds to fulfill the initial margin level in a designated time. Otherwise, we reserve the right to close client position;
In addition, client are advised to monitor its position closely, in case of volatile market, we may force close client position if account is in margin deficit without issuing margin call, and the client shall all time be liable for payment of any debit balance(s) incurred.
Clients who hold overnight bullion position receive or pay a daily interest. This Bullion interest rate depends on market conditions and is regularly updated on Phillip website. For more information, please call Bullion Department at (852) 2277 6711 or email at bullion@phillip.com.hk.