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As the international foreign exchange market is moving rapidly, we sincerely provide our clients a product called “Smart Forex” which can catch every single chance to make a profit in the foreign exchange market, no matter what direction the market goes.

Account Opening
With a valid identity document, you can open an account under a private or company name (with relevant documents).  Dealings can be made once the guarantee deposit is paid.

Various Currencies for You to Choose
Trading Currencies: EUR, GBP, AUD, NZD, CHF, CAD and JPY.

Flexible Investment
With a minimum investment amount of HKD10,000, you can buy or sell 1, 2 or 3 times investment amount as much of your margin deposit according to current prices, which will assist you to invest with more flexibility.

Dealing Example
If a client deposits HKD100,000, buys 3 times as much of the AUD deposit, and the foreign exchange price is 5.7500.  The information of the client’s “Smart Forex” closed contract is outlined as follows:

Deposit HKD100,000
Multiplier 3 times
Buy AUD52,173.91
Deposit Interest Rate 1.5000% p.a.
AUD Interest Differential 2.5000% p.a.
Additional Margin Deposit (Note 1) 4.7916
Mandatory Squared Price (Note 2) 4.4083

If the customer settles after 30 days with an exchange rate of 5.8500, the investment return is as follows:

Net profit from exchange rate fluctuation HKD5,217.39
Deposit interest HKD123.29
Interest differential HKD616.44
Net profit of contract HKD5,957.12

(The example above is for reference only.  It does not indicate any dealing guidance or recommendation.)

* Note 1.   Additional margin deposit price is the price when the deposit falls below 50% of original margin deposit caused by foreign exchange rate fluctuation.

* Note 2.   Mandatory Squared Price is the price when the original margin deposit has a drop of 70% caused by foreign exchange rate fluctuation.  When exchange rate triggered this price, our bank will perform a mandatory squared position action for customers without further notice.

Customers must keep track of the exchange rate after the deal is done.  When the market price is close to or drop below the additional margin deposit amount as stated in the contract, customers must make extra deposit by themselves, without further notice from us.  The minimum amount of each additional deposit is HKD1,000.

Important Declaration
* As the foreign exchange market is fluctuating rapidly, customers must clearly understand the risk arising from the fluctuation of foreign exchange rate, and the loss/profit effect resulting after multiply.

* Our bank may revise information above any time without further notice.

For more information on “Smart Forex”, please either visit or call any of our branches as listed below.

 
LUSO INTERNATIONAL BANKING LTD.
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