• Tariffs, Service Fees and Charges

Tariffs, Service Fees and Charges


Updated as of September 1, 2021

Deposit Taking, Loans, and Ancillary Services
Deposit Taking, Loans, and Ancillary Services

Time Deposits

Terms/Fees/Charges

Minimum Time Deposit Balance

HKD 100,000.00, or equivalent foreign currency

Minimum Tenor

3 Months

Below Minimum Balance

Not Allowed

Below Minimum Tenor

Not Allowed

Early Termination Fee ¹

In the event of Early Termination of a Time Deposit, the Company shall:

1. Charge the Customer a fee of 0.5% on the principal of the Time Deposit or USD 100, whichever is higher;and

2. Deduct all interest accrued to the Time Deposit from the placement date of the current term of the TimeDeposit.



Loan Facility

Terms/Fees/Charges

Drawdown Fee

USD 50.00 (If proceeds are to be credited to client’s BPI account)

USD 100.00 (If proceeds are to be credited to client’s account with another bank)

Early Loan Repayment

0.25% of principal loan repayment amount, or USD 1,000.00, whichever is higher



Foreign Exchange Service

Terms/Fees/Charges

FX Conversion Fee ² ³

Waived



Inward Wire Transfer

Terms/Fees/Charges

Inward Wire Transfer Charge

Waived



Outward Wire Transfer

Terms/Fees/Charges

Transfer charge to account with BPI which is not the nominated

settlement account

USD 25.00, or equivalent in foreign currency

Transfer to non-BPI account

Handling Fee

USD 50.00

Cable Charge

USD 50.00



Crediting and Settlement of Loans and Time Deposit

Terms/Fees/Charges

Service charge for crediting to nominated settlement account of:

Time DepositMaturity

Waived

Time Depositinterest

Waived

Loan Drawdown

Waived



Charges for Other Ancillary Services

Terms/Fees/Charges

Certification of Deposits

USD 10.00 per request

Copies of Statement or Advice Record

USD 10.00 per copy

Audit Confirmation Request

USD 50.00 per request


Global Securities Account (GSA)
Global Securities Account (GSA)

Account Management

Terms/Fees/Charges

Standard Custody Fees⁴

0.25%

Minimum Balance⁵

Waived

Below Minimum Balance Fee

Waived

Late Payment or Account Overdraft Charges

5%



Minimum Trading Lots and Sizes6

Terms/Fees/Charges

Credit Securities/Fixed Income/Bonds

Subject to the minimum trading piece (and increments) of the specific security, or USD 100,000.00, whichever is higher

Equities/Common Stocks

USD 25,000.00

Collective Investment Schemes

USD 10,000.00



Charges related to crediting and/or settlement of coupons, dividends, sales and redemption proceeds


Terms/Fees/Charges

To nominated BPI settlement account

Waived

To BPI account which is not the nominated settlement account


USD 25.00 or equivalent in foreign currency

Outward wire transfer to other Banks/FIs

Handling Fee

USD 50.00

Cable Charge

USD 50.00



Securities Transfer

Terms/Fees/Charges

Transfer-In Service Charge

Waived

Transfer-Out Service Charge

Waived, except for 3rd party charges incurred

Corporate Actions

Participation in Voluntary Corporate Actions with Cash Consideration


Waived



Credit Securities/ Fixed Income/ Bonds

Trade-related Services

Terms/Fees/Charges

Fees & Commissions for Buying and Selling of Credit Securities⁷

None

Tax⁸

Subject to specific requirement of relevant security



US Stock Exchange

Trade-related Services

Terms/Fees/Charges

Fees & Commissions for Buying and Selling of US Equity Securities

Share price of

less than USD 25.00


The greater of USD 50 or 0.15% of total notional amount

Share price of USD 25.00 or higher


USD 50 for the first 1000 shares and USD 0.04 per share thereafter

SEC imposed fee on sell transactions

Subject to US Securities Exchange Commission latest rules and charges

Tax⁸

Subject to specific requirement of relevant stocks/common shares



Hong Kong Stock Exchange

Trade-related Services

Terms/Fees/Charges

Fees & Commissions for buying and Selling of HK Equity Securities

The greater of HKD 390 Or 0.15% of total notional amount

Stamp Duty⁹

0.13% of the transaction amount (rounded up to the nearest HK Dollar)

Transaction Levy¹⁰

0.0027% of the transaction amount for each transaction

Trading Fee¹¹

0.005% of the amount for each transaction

Tax⁸

Subject to specific requirement of individual stocks



Other Stock Exchange

Trade-related Services

Terms/Fees/Charges

Fees & Commissions for buying and Selling of Equity Securities

The greater of USD 50 or equivalent or 0.15% of total notional amount

Tax8 and other Transaction Fees

Subject to specific requirement of individual stocks, latest rules and charges



Collective Investment Schemes (CIS)

Fees charged by BPI IFL to the Client

Terms/Fees/Charges

Front-End Fees / Initial Load¹²

Up to 1.50%, or as otherwise stated in instruction / subscription / placement or other related documents



Fees charged by the Fund Management Company to the Client¹³

Terms/Fees/Charges

Management Fees

As stated in the Product Information Sheet (PIS) of each specific investment product

Custodian Fees

Performance Fees

Administration Fees

Distribution Fees



Fees paid by the Fund Management Company to BPI IFL

Terms/Fees/Charges

Retrocession Fees¹⁴

Up to 60% of fund management fee, or as otherwise stated in instruction / subscription / placement or other related documents


Investment management Account (IMA)
Investment management Account (IMA)

Portfolio Management

Terms/Fees/Charges

Standard Management Fee

0.25%


Contents
    Related information

    Disclaimer

    BPI IFL authorized by the Hong Kong Monetary Authority (“HKMA”) as a Deposit-Taking Company and registered with the Securities and Futures Commission (“SFC”) to undertake Dealing in Securities, Advising in Securities and Asset Management (CE AAJ382).

    1. Early termination occurs when the client wishes to withdraw the funds earlier than the agreed upon maturity date of the time deposit. Early termination is only permitted for time deposits upon satisfaction of all the criteria below:
    a. Original term is in excess of three (3) months;
    b. Early termination date is not less than three (3) months from the initial placement date of the time deposit;
    c. Early termination is subject to standard early termination penalties and charges; and
    d. Subject to the approval/consent of BPI International Finance Limited.

    2. Foreign Currency conversion available only in major currencies (USD, EUR, GBP and AUD), including HKD and PHP. Foreign Exchange service applicable only to existing deposits or securities maintained with the Company.

    3. Excludes conversion from PHP to other currencies (e.g. client buying USD using PHP).
     
    4. For all securities (with fixed interest or coupon payments dates, without fixed interest payment dates such as common stocks and collective investments schemes), based on the market value of the relevant Security Holdings payable at quarter-end, or unless specified in a different client agreement.

    5. Based on aggregate holdings per GSA valued at market value for credits/bonds/fixed income securities, equity securities and collective investment schemes.

    6
    . Applies to both purchase/subscription and sale/redemption of securities.
     
    7.
    The Company does not charge trading fees or commissions.  It may however, make trading profits from its trading activities. Where the Company enters into a Back-to-Back transaction (i.e. purchase/sell from/to a counterparty and sell/purchase to/from the client without taking any market risk) concerning a specific security, the maximum trading profit shall not be more than 0.50% of the client’s total investment amount.

    8. The client is reminded to seek independent tax advice as the Company does not act nor shall act as a tax advisor. The client is solely responsible and/or liable for any or all associated taxes of any relevant jurisdiction, country, government or regulatory body.

    9.
    Charge collected for the HKSAR government. Not applicable to Exchange Traded Funds (ETFs). Subject to change without prior notice.

    10.
    Charge collected for the Securities and Futures Commission (SFC). Subject to change without prior notice.

    11.
    Charge collected for the Hong Kong Exchanges and Clearing Limited (HKEX). Subject to change without prior notice.
     
    12. Applicable to fund subscriptions only. The Front-end Fees/Initial Load is applicable to the aggregate subscription amount of the GSA on the relevant trade date.

    13. The relevant fund management company deducts the fees from the relevant fund(s). Please refer to the offering document of the relevant fund(s) for fee details. There is no actual cash outflow by the client. This, however, reduces fund performance.

    14.
    BPI IFL will receive retrocession fees from the fund management company as a percentage of the relevant fund's annual management fees as ongoing commission every year throughout the term of client's investment. There is no actual cash outflow by the client. This, however, reduces fund performance.