RISK DISCLOSURE STATEMENTS FOR RENMINBI PRODUCTS Sample Clauses

RISK DISCLOSURE STATEMENTS FOR RENMINBI PRODUCTS. Renminbi is not freely convertible at present and conversion of Renminbi through banks in Hong Kong SAR is subject to certain restrictions. For Renminbi products which are not denominated in Renminbi or with underlying investments which are not Renminbi denominated, such products will be subject to multiple currency conversion costs involved in making investments and liquidating investments, as well as the Renminbi exchange rate fluctuations and bid/offer spreads when assets are sold to meet redemption requests and other capital requirements (e.g. settling operating expenses). If The Client do not have sufficient Renminbi funding to subscribe Renminbi products, subject to compliance with all applicable laws, rules and regulations, we may assist The Client to convert other currencies to Renminbi. However, we do not guarantee that it can provide sufficient Renminbi funding for The Client due to the limitation on the flow of Renminbi funds in Hong Kong SAR. We may unwind The Client’ trade due to insufficient Renminbi funding and The Client’ investment may be adversely affected if The Client suffer losses due to settlement failure. This Statement is made by SINO CAPITAL SECURITIES LIMITED (‘’SINO’’) in accordance with the Personal Data (Privacy) Ordinance of the Hong Kong Special Administrative Region ('the Ordinance'). The Statement is intended to notify The Client of why personal data is collected, how it will be used and to whom data access requests are to be addressed.
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Related to RISK DISCLOSURE STATEMENTS FOR RENMINBI PRODUCTS

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  • WHO WILL REVIEW THE INFORMATION DISCLOSED ON THE RELATIONSHIP DISCLOSURE FORM AND ANY UPDATES?

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