Both new and existing Well Link Securities margin account holders can apply for the TurboCash Program through the Well Link Securities trading software ("APP").
The interest rate is subject to market conditions and other factors and may change at any time. Well Link Securities reserves the right to suspend, change, terminate, or withdraw the TurboCash Program, including interest adjustments, without prior notice (for details, please refer to the terms and conditions*).
Category
Average daily account total asset size in a month (USD)
Average annual interest rate entitled in the month on average daily available Settled Fund Balance
Category
Average daily account total asset size in a month (HKD)
Average annual interest rate entitled in the month on average daily available Settled Fund Balance
Terms and Conditions
The TurboCash Program Agreement (hereinafter referred to as "this Agreement") is a valid agreement between Well Link Securities Limited (hereinafter referred to as "the Company" or "Well Link Securities") and Well Link Securities customers (hereinafter referred to as "you" or "the customer") regarding matters related to the TurboCash Program. By clicking to confirm online or otherwise opting to accept this Agreement, you agree to all the terms of this Agreement and any related rules, as well as the terms and conditions contained in the Well Link Securities trading software or the Company's website. Please read this Agreement carefully before accepting it. If you disagree with any content of this Agreement or cannot fully understand the Company's terms, please do not proceed further.
1. Eligible Customers for TurboCash Program: This service is exclusively available to Well Link Securities margin account (also known as "financing" or "securities borrowing" accounts) customers. It is not applicable to securities cash accounts and currently only supports Hong Kong and US markets settled in HKD and USD. It does not apply to assets or cash balances in other currencies. Customers must successfully register and activate the TurboCash Program function on the Well Link Securities trading software to enjoy this service.
2.Calculation Formula for Monthly Interest: Monthly interest = Average daily interest-bearing balance * Annual interest rate / 365 * Actual days of the month. The result is rounded to two decimal places. NoteNoteNote If the program is activated within a month, interest is calculated from the activation day to the end of the month.
3.Interest Rate Calculation: The interest rate for calculating monthly interest is based on the average daily total assets of the customer’s margin account each month. Different average assets correspond to different interest rates. HKD assets for Hong Kong stocks and USD assets for US stocks are calculated separately according to independent standards. For details, please refer to the TurboCash Program introduction on the Well Link Securities mobile app. NoteNoteNote The interest rate will be adjusted according to market changes and the Company's operational conditions without prior notice.
4.Definition of Average Daily Total Assets: The daily total assets in HKD and USD are calculated separately after market close each day. The average daily total assets in HKD and USD for the month are calculated separately at the end of each month. FormulaFormulaFormula Average daily total assets in HKD = Sum of daily total assets in HKD / Actual days of the month. FormulaFormulaFormula Average daily total assets in USD = Sum of daily total assets in USD / Actual days of the month.
5.Definition of Interest-bearing Balance: The daily balance in HKD and USD is calculated separately after market close each day, excluding all unsettled sales proceeds and the day’s purchase amounts.
6.Definition of Average Daily Interest-bearing Balance: The daily interest-bearing balance in HKD and USD is calculated separately after market close each day. The average daily interest-bearing balance in HKD and USD for the month are calculated separately at the end of each month. FormulaFormulaFormula Average daily interest-bearing balance in HKD = Sum of daily interest-bearing balances in HKD / Actual days of the month. FormulaFormulaFormula Average daily interest-bearing balance in USD = Sum of daily interest-bearing balances in USD / Actual days of the month.
7.Interest Payment Date: Monthly interest will be credited to the customer's Well Link Securities margin account at the beginning of the following month.
8.Record Keeping: You acknowledge and agree that the calculation and final payment amount of the interest is based on the Company's records. You can check your interest earnings details on the Well Link Securities trading software, but this information is for reference only. All information should be based on the account statement issued by the Company.
9.Notification: The Company will notify you about the terms of this Agreement and other agreements, announcements, or notices related to your use of the TurboCash Program in electronic or paper form, including but not limited to email, mail, SMS, phone calls based on your registered contact information with the Company, or publication on the Well Link Securities trading software and/or the Company's website.
10.Amendment of Rules and Terms: The Company reserves the right to unilaterally amend the terms of the above rules and the eligibility criteria for enjoying the TurboCash Program at any time. All rules constitute an integral part of this Agreement. Newly established and amended rules will be published on the Well Link Securities trading software and/or the Company's website and will take effect immediately upon publication, applying equally to customers before the effective date.
11.Interest Rate Changes: Interest rates will be adjusted according to market changes and the Company's operational conditions without prior notice to customers.
12.Effective Date and Term of TurboCash Program: The TurboCash Program takes effect on the day you confirm this Agreement and terminates on the day the Company receives your account termination notice. The Company reserves the right to suspend, change, terminate or withdraw the services or offers mentioned herein and the relevant terms and conditions at any time without prior notice. In case of any dispute, the Company reserves the right of final decision.
If you have any questions about the TurboCash Program, you can contact our customer service hotline: +852 3150 7728 (Hong Kong) +86 755 8206 0899 (Mainland China) +853 8796 5888 (Macau).
Disclaimer
This content does not constitute any offer, solicitation, recommendation, opinion, or any guarantee for any securities, financial products/services, or instruments. This advertisement is provided by Well Link Securities Limited and has not been reviewed by the Hong Kong Securities and Futures Commission. In case of any dispute, the Company reserves the right of final decision. Investing involves risks. Stock prices can rise or fall. Trading securities can result in losses or gains.
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