Profit Calculation against US Dollars

Japanese Yen * Swiss Franc * Canadian Dollar:
[(1/ selling price - 1/ buying price) x contract value x US dollar settlement price +/- interest - commission] x no. of contracts = profit/loss

Euro * British Pound * Australian Dollar * New Zealand Dollar:
[(selling price - buying price) x contract value x US dollar settlement price +/- interest - commission] x no. of contracts = profit/loss

Profit Calculation against HK Dollars

Euro * Japanese Yen * Swiss Franc * Canadian Dollar * British Pound * Australian Dollar * New Zealand Dollar:
[(selling price - buying price) x contract value +/- interest - commission] x no. of contracts = profit/loss

Example 1
Transaction	Buy 2 contracts of British Pound against US dollars and settle on the same day
Contract Value	GBP62500
Buying Price	US$2.0500 to GBP1
Selling Price	US$1.5350 to GBP1
US Dollar Settlement Price	7.8
Commission (per contract)	HK Headquarters: HK$300;
Initial Margin Required (HK)	[ ( 62,500 x 2.05 x 7.8 ) x 5% ] x 2 = HK$99,937.50 (HK$49,968.75 per contract)
Profit/Loss	{ [ (2.065 - 2.05) x 62,500 x 7.8 ] - Commission } x 2 = HK$14,625 - Commission x 2 （ Profit ）

Example 2
Transaction	Sell 2 contracts of Japanese Yen against US Dollars and settle on the same day
Contract Value	12,500,000 YEN
Buying Price	YEN115.00 to US$1
Selling Price	YEN116.00 to US$1
US Dollar Settlement Price	7.8
Commission (per contract)	HK Headquarters: HK$300;
Initial Margin Required (HK)	[ (12,500,000 x 1/115 x 7.8) x 5% ] x 2 = HK$84,783 (HK$42,391 per contract )
Profit/Loss	{ [ (1/115 - 1/116) x 12,500,000 x 7.8 ] - Commission } x 2 = HK$14,617.69 - Commission x 2 （ Profit ）

Profit Calculations For Cross-rate Trading

EUR/ JPY, GBP/ JPY, CHF/ JPY, AUD/ JPY :
[(Selling price - buying price) x contract value x JPHK settlement price ÷ 100 +/- interest - commission] x no. of contracts = profit/loss

EUR/ CHF :
[(Selling price - buying price) x contract value x CFHK settlement price +/-interest - commission] x no. of contracts = profit/loss

EUR/ GBP :
[(Selling price - buying price) x contract value x GPHK settlement price +/- interest - commission] x no. of contracts = profit/loss

Example 3
Transaction	Sell and buy 2.5 contracts of EUR/ JPY
Contract Value	EUR 62,500
Buying Price	Yen 160.00 to EUR 1
Selling Price	Yen 159.00 to EUR 1
US Dollar Settlement Price	7.3 (per YEN100)
Commission (per contract)	HK Headquarters: HK$300;
Initial Margin Required (HK)	〔 (62,500 x 160 x 7.300 ÷ 100) x 5% 〕 x 2.5 = HK$91,250 (HK$36,500 per contract)
Profit/Loss	{ [ (160 - 159) x 62.500 x 7.300 ÷ 100 ] - Commission } x 2.5 = HK$11,406.25 - Commission x 2.5 (Profit)

(Above listed trading details are for reference and are subject to changes. For details, please call us at 2574 2229.)

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