1. Introduction:

Hong Leong Investment Bank Berhad’s (HLIB) 1trade offers you higher trading limits and competitive Online Brokerage Rates.

2. Features:
2.1 The features of 1trade are as follows:-
(a) the settlement period is up to T+7 instead of T+3;
(b) double (x2) the trading limit for either cash or shares deposited with HLIB; and
(c) competitive Online Brokerage Rates.

2.2 The features of 1trade are further illustrated in the descriptions below.

3. Online Brokerage Rates:

3.1 Online Brokerage Rates are as follows:-

Transaction Type	Brokerage Rate (%)# (Based on Contract Value)
	Buy	Sell		Intraday*
Cash upfront	0.106	Within T+3	0.106	0.106
		From T+4 to T+7	RM100K & below - 0.4028^ Above RM100K - 0.1908^
In excess of cash upfront	RM100K & below - 0.4028^ Above RM100K - 0.1908^	RM100K & below - 0.4028^ Above RM100K - 0.1908^		0.106
*Note 1: Intraday means the buying and subsequent selling (whether or not of the entire amount bought) of shares for the same counter within the same market day. #Note 2: The rate is subject to change from time to time at the discretion of HLIB’s management. ^Note 3: Online Brokerage Rate is not based on cumulative share buy and/or sell but shall be based on individual and separate tranches within a Trading Day. The minimum brokerage charge is RM8.48.

3.2 Illustrations
3.2.1 The table below illustrates the calculation of the Online Brokerage Rate for 1trade. The illustration uses hypothetical scenarios, figures and/or events to illustrate the potential Online Brokerage Rate payable by you.

3.2.2 Please note that the illustration does not take into account:

(a) Discretionary Financing fee, which is chargeable on outstanding purchased contracts not settled by T+4;

(b) interest chargeable on outstanding purchased contracts after T+3 onwards based on calendar days until settlement date; and

(c) such other charges, fees, expenses and/ or taxes arising out of and in connection with 1trade.

3.2.3 Also, note that the Online Brokerage Rate isn’t based on cumulative share buy and/or sell but shall be based on individual and separate tranches within a Trading Day. The Online Brokerage Rate may vary depending on the following circumstances:-

(a) the transaction type i.e. Cash Upfront or in excess of Cash Upfront;

(b) trading day on which the shares were bought or sold; and

(c) the Contract Value of the shares that were bought or sold.

Illustration 1 – Fully Cash Upfront

Transaction period	Buy Contract (RM)	Sell Contract (RM)	Balance Contract (End of Day) (RM)	Brokerage Rate (%)
T-Day	200,000	50,000	150,000	0.106
T+1	-	-	150,000	-
T+2	-	-	150,000	-
T+3	-	30,000	120,000	0.106
T+4	-	110,000	10,000	0.1908
T+5	-	-	10,000	-
T+6	-	-	10,000	-
T+7	-	10,000	-	0.4028

Illustration 2- In Excess of Cash Upfront

Transaction period	Buy Contract (RM)	Sell Contract (RM)	Balance Contract (End of Day) (RM)	Brokerage Rate (%)
T-Day	200,000	50,000	150,000	0.106
T+1	-	-	150,000	-
T+2	-	-	150,000	-
T+3	-	30,000	120,000	0.4028
T+4	-	110,000	10,000	0.1908
T+5	-	-	10,000	-
T+6	-	-	10,000	-
T+7	-	10,000	-	0.4028

4. Trading Limit:

Example 1			Example 2
Cash	RM 10K x2	RM 20K	Cash	RM 10K x2	RM 20K
Shares (value)	RM 10K x2	RM 20K	Shares (value)	RM 100K x2	RM 200K
Trading Limit		RM 40K	Trading Limit		RM 220K
Purchase contract of RM 40K Purchase contract of RM10K – 0.106% Balance Purchase contract RM30K – 0.4028% Sell contract RM10K – 0.106% (up to T+3) Balance Sell contract RM30K – 0.4028% (T+4 to T+7)			Purchase contract of RM 120K Purchase contract of RM10K – 0.106% Balance Purchase contract RM110K – 0.1908% Sell contract RM10K – 0.106% (up to T+3) Balance Sell contract RM110K – 0.1908% (T+4 to T+7)