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U.S. Stock Trading

Value-adding Trading Services

  • 24 x 7 order placement through Stock Express Net, HSBC Mobile Banking and manned phone (for HSBC Premier and Advance customers only)
  • You can trade Common Stocks, Preferred Shares, ETFs and ADRs listed and traded on NYSE (NYSE Equities market), AMEX (NYSE Amex equities market) and NASDAQ.
  • Free real-time U.S. stock quotes, market news, Reuters Stock Reports+ and more are available at Stock Express Net.
  • Limit order and market order are available in Stock Express Net, HSBC Mobile Banking and manned phone.
  • Straight through processing for all U.S. orders
  • Sell U.S. stocks the same day you buy them.
  • View the latest order status, U.S. order execution results and your U.S. stock portfolio online or via mobile
  • Monitor price fluctuations of your selected U.S. stocks with Share Watch
  • U.S. order execution results via SMS upon signing up for the Investment Order Confirmation eAlerts service
  • Round the clock order placement service even during Hong Kong public holidays and adverse weather conditions in Hong Kong such as hoisting of typhoon signal 8 or above.

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Who is eligible for the service?

Customers are eligible for signing up for the U.S. Stock Trading Service if they are

  • Non-U.S. persons
  • Able to provide a valid identification document such as permanent Hong Kong Identity Card or passport.

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How do I register for the service?

  1. Open an investment services account (with account suffix 380) with HSBC by visiting any HSBC branch or via HSBC Internet Banking(for existing HSBC's customers only) if you do not have one
  2. Duly complete the following 3 forms and submit them at any branch or mail to The Hongkong and Shanghai Banking Corporation Limited, P.O. Box No. 74523, Kowloon Central Post Office.
    Return Sheet
    W-8BEN form as required  by the U.S. Internal Revenue Service (Guidance for Completion of W-8BEN form)
    NYSE Market Data Agreement as required by NYSE

Note: Please seek your own independent professional advice for filling out the W-8BEN form and the NYSE Market Data Agreement where necessary.

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What is W-8BEN form? (should submit together with the Return Sheet)

The W-8BEN form is a requirement of the U.S. Internal Revenue Service ("IRS") for U.S. tax reporting for non-U.S. persons. Non-U.S. persons are subject to U.S. withholding tax (generally 30%) on certain types of income received from U.S. sources, such as interest and dividends.

Non-U.S. persons are required to complete and submit a duly completed W-8BEN Form for the following main reasons:

  • to establish that you are not a U.S. person; and
  • to claim that you are the beneficiary of the US-sourced income for which the W-8BEN Form is provided; and
  • to claim, if applicable, a reduced rate of, or exemption from, withholding tax by being a resident of a foreign country with which the United States has an income tax treaty.

If you would like to know more about the instructions for Form W-8BEN and tax treaties, please visit the following IRS websites or consult your tax adviser:

Instructions for Form W-8BEN:
http://www.irs.gov/pub/irs-pdf/iw8ben.pdf

Tax Treaties Information:
http://www.irs.gov/businesses/international/article/0,,id=96739,00.html

Guidance for Completion of W-8BEN Form:
http://www.fatca.hsbc.com/~/media/fatca/w8-ben-form-guidance

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How can I submit a new W-8BEN form?

Before the expiry of the W-8BEN form, you need to submit a new W-BEN form to continue the service.

Duly complete the following forms and submit them to any Hong Kong branch or mail them to The Hongkong and Shanghai Banking Corporation Limited, P.O. Box No. 74523, Kowloon Central Post Office.
Return Sheet
W-8BEN form as required  by the U.S. Internal Revenue Service (Guidance for Completion of W-8BEN form)
-  Additional information:

Note : In general, Form W-8BEN is valid for a period of three years provided that there is no change to your information or tax status.

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What is the NYSE Market Data Agreement?

The NYSE Market Data Agreement, relates to provision of market data by the New York Stock Exchange (NYSE). As required by NYSE, every HSBC customer must sign this agreement to confirm that he/she has read, understood and agree to comply with the terms and conditions therein for using NYSE market data.

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U.S. Stock Trading Standard Charges

Services
Service Charges

Trade-related services

 
Buying and selling shares  
- Brokerage fee  
- trading through HSBC Stock Express / HSBC Mobile Banking  
1st 1000 shares
USD18 per transaction(flat fee)
Over 1000 shares
Flat fee + USD0.015 per additional share
- trading through manned phonebanking
1st 1000 shares
USD38 per transaction(flat fee)
Over 1000 shares
Flat fee + USD0.015 per additional share
 
- SEC fee (for sell transaction only)
0.00218%1 of transaction amount
 
- French Financial Transaction Tax (FTT) - for purchase of eligible French companies listed in US as American Depository Receipt (ADR). Please refer to Euroclear France (https://www.euroclear.com/site/public/EF) for latest eligible French company list.
0.2% of the purchase amount for French companies listed in US and eligible for FTT
 
- Italian Financial Transaction Tax (IFTT) - for purchase of eligible Italian companies with market capitalization more than Euro 500m and listed in US as ADR, effective 1 March 2013 (Collected for Italian Government) 0.12% on the net settlement amount for trades settled on or before 31 Dec 2013
0.10% on the net settlement amount for trades settled on 1 Jan 2014 and thereafter
(Tax deduction from the intraday netting permitted based on the weighted average purchase price and the net purchase share quantity executed in the same day)
Account maintenance services
- Maintenance Fee
USD5 per month2
(waived until 31 Dec 2016)
Online information services  
- Online real-time price quote (applicable to HSBC Stock Express / HSBC Mobile Banking)
Free quote entitlement per month
 
HSBC Premier/ Advance/ Personal Integrated Account customers: 99,999 quotes3
 
Cost per additional quote
 
HK$0.1 per quote4
- Investment order confirmation eAlerts
Free
Nominee service  
- Collection of dividend and other corporate actions
Free5
Script handling and settlement-related services
- Receipt
Free5
- Delivery
USD150 per line of stock
American Depository Receipt (ADR) Fee
USD0.01 - 0.05 per share6

1SEC fee is subject to review by U.S. Securities Commission (SEC) from time to time.

2Maintenance Fee is waived until 31 Dec 2016. Customers are also entitled to Maintenance fee waiver afterwards for one month if he / she has conducted at least 1 U.S. stock buy or sell transaction during that month.

3All unused quotes will not be carried forward.

4The fee incurred will be debited from your designated or default charge account on the 4th / 5th working day of the following month, depending on the account type and is payable upon closure of accounts where the account is closed before the payment date.

5Customers will need to pay if there is any out of pocket cost incurred.

6Customers holding ADRs may be charged ADR fee regularly (e.g. annually) by the Depository Receipts Agent through HSBC. Fees will be automatically deducted from your HSBC Integrated Account(s) and shown on your statement(s) as "ADR fee". ADR fee is subject to the final confirmation from the Depository Receipts Agent and the captioned price range is for reference only.


Note:

  • There may be other fees, charges, levies, tax and interest that apply to certain securities or particular security trading services provided by the Bank that are introduced and/or charged by the relevant service providers, government or regulatory bodies. The Customer is fully responsible for such fees, charges, levies, tax and interest. Please make enquiry with the Bank for details.
  • Charges are subject to change without notice
  • The Bank does not provide investment advice. The purchases and sales of securities involve an element of risk and securities prices are subject to upward and downward adjustments and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. Full details of the terms and conditions of the above services are available on request.

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What is Tick Size Pilot Program?

  • The US Securities and Exchange Commission issued an order approving the National Market System Plan to implement a Tick Size Pilot Program by the national securities exchanges and Financial Industry Regulatory Authority (FINRA). With effect from 3 October 2016, selected securities listed on US stock exchanges are subject to a tick size of US$0.05 ("Subject Securities"). For limit price orders, customer must input a price in an increment of US$0.05 for buying and selling these Subject Securities, otherwise, the order will be unexecuted.
  • As the Subject Securities will be reviewed and revised by FINRA on a daily basis, customer is advised to check whether the securities are on the list (update daily) and in the test group G1, G2 or G3 before order placement. For limit price orders of the Subject Securities placed during the US Stock trading hours, customer should check the order status to ensure it is not being unexecuted. For orders submitted prior to the US Stock trading hours, customer should check the order status after 8pm HKT (Summer time in the US)/ 9pm HKT (Winter time in the US) if it is "Pending Dealing" or is being "Unexecuted" by the broker.
  • For securities shown on the list but fall into the control group, which are denoted by a letter "C" at the end, these securities are NOT subject to the tick size requirement.
  • For all unexecuted orders of the Subject Securities due to not complying to this tick size requirement, customer can resubmit the order with a limit price in an increment of US$0.05 when necessary.
  • For details, please refer to the FINRA website for more information.

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Risk disclosure statement:

Note: Investment involves risk. You should carefully consider whether any investment products or services mentioned herein are appropriate for you in view of your investment experience, objectives, financial resources and relevant circumstances. The price of securities may move up or down and may become valueless. Losses may be incurred rather than profits made as a result of buying and selling securities.