接近收回價時的交易 Trading of CBBC Close to Call Price Sample Clauses

接近收回價時的交易 Trading of CBBC Close to Call Price. 相關資產價格接近收回價時,牛熊證的價格可能會變得更加波動,買賣差價可能會轉闊,流通量亦可能減低。牛熊證隨時會被收回而交易終止。由於強制收事件發生的時間與牛熊證實際停止買賣之間可能會有一些時差。有一些交易或會在強制收回事件發生後才達成及被交易所參與者確認,但任何在強制收回事件後始執行的交易將不被承認並會被取消。因此投資者買賣接近收回價的牛熊證時需額外小心。 When the underlying asset is trading close to the call price, the price of a CBBC may be more volatile with wider spreads and uncertain liquidity. CBBC may be called at any time and trading will terminate as a result. However, the trade inputted by the investor may still be executed and confirmed by the Exchange participants after the Mandatory Call Event (“MCE”) since there may be some time lapse between the MCE time and suspension of the CBBC trading. Any trades executed after the MCE will not be recognized and cancelled. Therefore, investors should be aware of the risk and ought to apply special caution when the CBBC is trading close to the call price. 有關權證及牛熊證的進一步資料,請瀏覽香港交易所公司網站: For more information on Warrants and CBBCs, please visit the HKEx corporate website: 「產品及服務」的「衍生權證」產品專欄 Derivative Warrants, Products & Services Section (xxxx://xxx.xxxx.xxx.xx/eng/prod/secprod/dwrc/dw.htm) 「產品及服務」的「牛熊證」產品專欄 Callable Bull/Bear Contracts, Products & Services Section (xxxx://xxx.xxxx.xxx.xx/eng/prod/secprod/cbbc/Intro.htm) 買賣合成交易所買賣基金(ETFs)的風險 Risks of Synthetic Exchange Traded Funds (“ETFs”) 華裕國際控股有限公司 華裕證券有限公司 華裕資產管理有限公司 華裕資本有限公司 HY International Holdings Limited Huayu Securities Limited Huayu Asset Management Ltd HY Capital Co., Ltd 有別於傳統型交易所買賣基金,合成 ETFs 並不會購買相關基準的成分資產,一般都是透過金融衍生工具去複製相關基準的表現。投資合成 ETFs 涉及高風險,並非人皆適合,投資者買賣合成 ETFs 前必須請楚明白及考慮以下的風險。 Unlike traditional Exchange traded Funds (“ETFs”), Synthetic ETFs do not buy the assets in their benchmark. Instead, they typically invest in financial derivative instruments to replicate the benchmark’s performance. Investment in Synthetic ETFs involves high risk and is not suitable for every investor. Investors should understand and consider the following risks before trading Synthetic ETFs. 市場風險 Market Risk 交易所買賣基金主要為追蹤某些指數、行業/領域又或資產組別(如股票、債券或商品)的表現。投資者會承受 ETFs 相關指數/資產有關的政治、經濟、貨幣及其他風險。投資者必須要有因為相關指數/資產的波動而受損失的準備。 ETFs are typically designed to track the performance of certain indices, market sectors, or group of assets such as stocks, bonds, or commodities. Investors are exposed to the political, economic, currency and other risks related to the ETF’s underlying index/assets it is tracking. Investment must be prepared to bear the risk of loss and volatility associated with the underlying index/asset. 交易對手風險 Counterparty Risk 若合成 ETFs 投資於衍生工具以...
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