Common use of Attributes Clause in Contracts

Attributes.  Trading counters for L&I Products L&I Products can be traded, cleared and settled in HKD, RMB and USD. Multiple counters of L&I Products are permissible, subject to the approval of the SFC and HKEX.  Short selling and tick rule exemption for L&I Products Subject to approval by the SFC, an individual L&I Product may be designated for short selling with tick rule exemption from its listing day.  Settlement arrangements T+2, similar to ETFs and other securities.  Fees and charges A L&I Product incurs certain fees and expenses such as management fees charged by the product manager and other administrative costs. Like stocks, trading L&I Products on the SEHK incurs transaction costs such as trading fee, transaction levy and brokerage commission.  Performance simulator Performance simulators will be provided by L&I Product providers to facilitate the understanding of L&I Products to interested retail investors. The performance simulators should allow investors to select a historical time period and simulate the performance of the L&I Product during that time period based on historical data. The historical period available in the performance simulator should cover the period since the launch of the L&I Product. For detail, please refer to the hyperlinks to the performance simulator for each L&I Product posted on HKEX’s L&I Product webpage.  Market making arrangement At least one market marker for the L&I Products at the commencement of trading and on an ongoing basis.