股票投资服务风险披露声明

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1、To:StandardCharteredBank(HongKong)Limited(the“Bank”)渣打銀行(香港)有限公司(「銀行」)AccountServices17/FStandardCharteredTowerSecuritiesServicesRiskDisclosureStatement股票投資服務風險披露聲明Tradingofexchange-tradedderivativeproductssuchasCallableBull/BearContracts(CBBC),DerivativeWarrants,SyntheticExchange-Trad

2、edFund(SyntheticETF),LeveragedandInverseProducts(L&IProducts)involvesignificantrisks.Itiscrucialforyouasinvestorstofullyunderstandtherisksandconsequencesinvolvedintradingtheseexchange-tradedderivativeproductsbeforeyoutradethem.買賣交易所買賣之衍生產品例如牛熊証、衍生權證、綜合複製策略的交易所買賣基金(合成ETF)、槓桿及反向產品涉及顯著風險。

3、投資者在就交易所買賣衍生產品進行交易前，應審慎閱讀及完全明白買賣該等衍生產品涉及之風險及後果。Generalmajorrisksoftradingexchange-tradedderivativeproductsincludebutarenotlimitedtothefollowing:買賣交易所買賣之衍生產品的一般主要風險包括但不限於下列各項:IssuerDefaultRisk發行商失責風險Intheeventthataderivativeproductissuerbecomesinsolventanddefaultsontheirlistedsecurities

4、,investorswillbeconsideredasunsecuredcreditorsandwillhavenopreferentialclaimstoanyassetsheldbytheissuer. Investorsshouldthereforepaycloseattentiontothefinancialstrengthandcreditworthinessoftheissuersofderivativeproducts.倘若衍生產品發行商破產而未能履行其對所發行證券的責任，投資者只被視為無抵押債權人，對發行商任何資產均無優先索償權。因此，投資者須特別

5、留意衍生產品發行商的財力及信用。 UncollateralizedProductRisk非抵押產品風險Uncollateralizedderivativeproductsarenotassetbacked. Intheeventofissuerbankruptcy,investorscanlosetheirentireinvestment. Investorsshouldreadthelistingdocumentstodetermineifaproductisuncollateralized.非抵押衍生產品並沒有資產擔保。倘若發行商破產，投資者可以損失其全數投資。

6、要確定產品是否非抵押，投資者須細閱上市文件。GearingRisk槓桿風險Derivativeproductsareleveragedandcanchangeinvaluerapidlyaccordingtothegearingratiorelativetotheunderlyingassets. Investorsshouldbeawarethatthevalueofsuchderivativeproductsmayfalltozeroresultinginatotallossoftheinitialinvestment.衍生產品是槓桿產品，其價值可按相對相關資產

7、的槓桿比率而快速改變。投資者須留意，衍生產品的價值可以跌至零，屆時當初投資的資金將會盡失。ExpiryConsiderations有效期的考慮Derivativeproductshaveanexpirydateafterwhichtheissuemaybecomeworthless. Investorsshouldbeawareoftheexpirytimehorizonandchooseaproductwithanappropriatelifespanfortheirtradingstrategy.衍生產品設有到期日，到期後的產品即一文不值。投資者須留意產品的