Securities Investment Savings
Plan

Affordable
BCM’s Securities Investment Savings Plan (“SISP”) enables you to invest in Hong Kong listed Securities for as low as HKD1,000 per month, through which you can accumulate your Securities portfolio to achieve your investment goals.

Flexible
You can choose to make your monthly investment via your Securities Settlement Account or BCM Credit Card account (except UnionPay Credit Card).  You are also free to adjust your monthly investment amount or change your Settlement Account at your will. It is free of charge.

Purchased shares from SISP will be deposited into your Securities Trading Service Account and you may hold or sell as you prefer in the same way as you deal with your other Securities holding in your Securities Trading Service Account.

Preferential Handling Fee
The handling fee is only 0.25% of the purchase amount with minimum at HKD50 (inclusive of brokerage fee, stamp duty, transaction levy and trading fee) for each plan.

Dollar Cost Averaging
By purchasing a particular Securities with equal investment amount monthly, more shares are purchased when the Securities price is low and fewer shares are purchased when the Securities price is high. Risks associated with short-term market volatility will be reduced. SISP is an ideal long-term investment vehicle for disciplined investors.

Example (for reference only):

Month	Monthly Investment Amount (HKD)	Monthly Investment Amount After Deducting Handling Fee (HKD)	Purchase Price (HKD)	Number Of Shares Purchased	Purchase Amount (HKD)
January	1,000	950	21.45	44	943.80
February	1,000	950	22.30	42	936.60
March	1,000	950	20.51	46	943.46
April	1,000	950	19.80	47	930.60
			Total	179	3,754.46

Average Cost Per Share

= Total Purchase Amount ÷ Total Number of Shares Purchased = HKD3,754.46 ÷ 179 shares = HKD20.97

How does SISP work?
Before setting up a plan for SISP, customer has to maintain a valid Securities Trading Service Account with BCM.  Customer can contact our branch staff for the related information on Securities Trading Service account opening

Customer can set up a SISP plan via I-Securities Trading Service (www.bcm.com.mo) or through any BCM branches.

Moreover, in case of need to amend the monthly investment amount or the Settlement Account, besides I-Securities and branches, Phone Banking customer can also simply call TeleBCM Service at 8796 8888.

However, customer must complete the termination process of SISP Plan at any BCM Branches.  While Phone Banking customer can choose to place the termination instruction through TeleBCM Service at 8796 8888.

Example:  Assuming a customer sets up a SISP plan for Securities A with a monthly investment amount of HKD5,000.

Before the Hold Fund Date	The customer should ensure there is at least HKD5,000 in the Settlement Account for this plan.
Hold Fund Date	HKD5,000 is held from the Settlement Account.
Purchase Date (the second trading day of HKEx after the Hold Fund Date)	BCM is instructed by each of the customers who subscribe to purchase Securities A under SISP to endeavor to purchase the maximum number of Securities A on the Purchase Date using their respective monthly investment amounts after deducting handling fee. Assuming the average purchase price of Securities A is HKD19.8 *. Number of Shares Purchased Such part of the Monthly Investment Amount after deducting Handling Fee which would give rise to the maximum integral number of Securities A using the Average Purchase Price ÷ Average Purchase Price:                   HKD4,950 ÷ HKD19.8 = 250 shares
Payment Date (the fourth trading day of HKEx after the Hold Fund Date)	The total payment amount for purchasing Securities A will be debited from the Settlement Account, consisting of: (i)  Purchase Amount      Number of Shares Purchased x Average Purchase Price:      250 shares x HKD19.8 = HKD4,950 (ii)  Handling Fee (minimum is HKD50)       As HKD4,950 x 0.25% = HKD12.375       (minimum handling fee of HKD50 will be charged). Therefore, hold fund of HKD5,000 will be released and a total of HKD5,000,  i.e. HKD4,950 + HKD50 will be debited. Furthermore, 250 shares of Securities A will be deposited into the customers’ Securities trading service account. The shares will be available for disposal.

*Assuming the Bank purchased 300 shares of Securities A at HKD20 and other 300 shares at HKD19.6 in total, the average purchase price is:
                 (300 x HKD20 + 300 x HKD19.6) ÷ 600 = HKD19.8.

Remarks:

1. The minimum monthly investment amount is HKD1,000. You can increase your monthly investment in the multiple of HKD500. The monthly investment amount will include brokerage and other charges.
2. If you use BCM credit card as your Settlement Account, the aggregate total of monthly investment amount of all your SISP Plans cannot be greater than HKD10,000.
3. The monthly investment amount will be held in your Settlement Account on the pre-designated monthly Hold Fund Date. If the Hold Fund Date falls on a non-working day, including Saturday, Sunday or Bank’s holiday, the monthly investment amount will be held on the next working day. The purchase instruction will be executed two working days after the Hold Fund Date

Subject to change from time to time at the Bank’s discretion, a list of Securities are eligible for selection for purchase made under the SISP, please click here for the details of Securities list.

Suspension of Securities Trading
If trading of the Securities which is the subject matter of your participation in the SISP is suspended on any proposed Purchase Date, your instruction to purchase such Securities on such Purchase Date will be cancelled, and the corresponding monthly investment amount for the purchase of such Securities may be withdrawn by you from your Settlement Account after the proposed Purchase Date.

Investment involves risks. SISP is intended to assist customers to accumulate Securities portfolio and expect there will be an appreciation in the long term. However, the prices of Securities fluctuate, sometimes dramatically. The price of Securities may move up or down, and may become valueless. Customers may not be able to purchase Securities at the best price during a particular purchase date. It is as likely that losses will be incurred rather than profit made as a result of buying and selling Securities.

Before making any investment decision, customers are reminded to carefully consider whether the investment is suitable with regard to their financial situation, investment experience and investment objectives. Customers are advised to seek independent professional advice if they wish.