Common use of RISK OF TRADING FUTURES AND OPTIONS Clause in Contracts

RISK OF TRADING FUTURES AND OPTIONS. The risk of loss in trading futures contracts or options is substantial. In some circumstances, you may sustain losses in excess of your initial margin funds. Placing contingent orders, such as “stop-loss” or “stop-limit” orders, will not necessarily avoid loss. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore study and understand futures contracts and options before you trade and carefully consider whether such trading is suitable in the light of your own financial position and investment objectives. If you trade options, you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry. RISK OF CLIENT ASSETS RECEIVED OR HELD OUTSIDE HONG KONG Client’s assets received or held by the licensed or registered person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap.571) and the rules made thereunder. Consequently, such Client’s assets may not enjoy the same protection as that conferred on Client’s assets received or held in Hong Kong.

RISK OF TRADING FUTURES AND OPTIONS. The risk of loss in trading futures contracts or options is substantial. In some circumstances, you may sustain losses in excess of your initial margin funds. Placing contingent orders, such as “"stop-loss” " or “"stop-limit” " orders, will not necessarily avoid loss. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position position(s) may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore agree to study and understand futures contracts and options before you trade and carefully consider whether such trading is suitable in the light of your own financial position and investment objectives. If You will trade in options only if you trade options, you should inform yourself of understand the exercise and expiration procedures and your the rights and obligations upon exercise or expiry. RISK RISKS OF CLIENT ASSETS RECEIVED OR HELD OUTSIDE HONG KONG Client’s Your assets received or held by the licensed Broker or registered person its nominee(s) outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap.571Cap. 571) and the rules made thereunder. Consequently, such Client’s assets may not enjoy the same protection as that conferred on Client’s your assets received or held in Hong Kong.

RISK OF TRADING FUTURES AND OPTIONS. The risk of loss in trading futures contracts or options is substantial. In some circumstances, you may sustain losses in excess of your initial margin funds. Placing contingent orders, such as “stop-loss” or “stop-limit” limit 1 orders, will not necessarily avoid loss. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore study and understand futures contracts and options before you trade and carefully consider whether such trading is suitable in the light of your own financial position and investment objectives. If you trade options, options you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry. RISK RISKS OF CLIENT ASSETS RECEIVED OR HELD OUTSIDE HONG KONG Client’s Client assets received or held by the licensed or registered person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap.571) and the rules made thereunder. Consequently, such Client’s client assets may not enjoy the same protection as that conferred on Client’s client assets received or held in Hong Kong.

RISK OF TRADING FUTURES AND OPTIONS. The risk of loss in trading futures contracts or options is substantial. substantia l. In some circumstances, you may sustain losses in excess of your initial margin funds. Placing contingent orders, such as “stop-loss” or “stop-limit” orders, will not necessarily avoid loss. Market conditions condition s may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore study stud y and understand futures contracts and options before you trade and carefully consider whether such trading is suitable in the light of your own financial position posit ion and investment objectives. If you trade options, options you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry. RISK RISKS OF CLIENT ASSETS RECEIVED OR HELD OUTSIDE HONG KONG Client’s Client assets received or held by the licensed or registered person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap.571) and the rules made thereunder. Consequently, such Client’s client assets may not enjoy the same protection as that conferred on Client’s client assets received or held in Hong Kong.