Dah Sing Bank, Limited - Wealth Management - "Power Trade" Securities Services

i-Securities Services Frequently Asked Questions

Trade - Stop Loss Order

1.	What is Stop Loss Order?
	Stop Loss Order is a sell instruction with a preset Stop Loss Price and a specified Lowest Selling Price for a specific securities in order to help you to minimize potential losses or lock in profit when you cannot closely monitor the stock market. Once the current nominal price of the stock drops to or below your preset Stop Loss Price in Continuous Trading Session, your Stop Loss Order will be triggered and placed to market as an Enhanced Limit Order for execution. The executed price may be better than, or equal to your Lowest Selling Price. The Stop Loss Order will not be executed at the price below the specified Lowest Selling Price. And it may be rejected if the current BID price is above the Lowest Selling Price to a certain extent (according to trading mechanism of HKEx). The bank will use its best endeavours to process your Stop Loss Order, but it may not be performed due to fluctuation in stock price, inadequate market liquidity, system failure and any event beyond the control of the bank. The order may be fully executed, partially executed, unexecuted or even rejected.

2.	How to place a Stop Loss Order?
	You can click "Stock Trading" and select stop loss. Then, you are asked to input stock code, order quantity, stop loss price, lowest selling price and select good-till date (up to 3 trading days from the order date) correspondingly. After inputting your e-banking login password, you may simply click "Continue" button to the confirmation page. Your order will be sent after clicking the "Confirm" button in the confirmation page. Before confirming the stop loss order, please ensure the stock holding in your account is sufficient to execute your order, or your order will be rejected. Also, you can click "Stock Portfolio", and then click "Stop Loss" button of a stock which you want to sell to go to "Stock Trading" with pre-set stop loss order and pre-filled stock code and order quantity (total available quantity). You may adjust order quantity and need to input stop loss price, lowest selling price and select good-till date (up to 3 trading days from the order date) correspondingly. Then you need to take same steps as mentioned above.

3.	How shall I set the Stop Loss Price and Lowest Selling Price?
	The Stop Loss Price must be lower than current nominal price. The Lowest Selling Price must be equal to or lower than Stop Loss Price but within 6 spreads.

4.	How shall I modify a Stop Loss Price?
	To modify Stop Loss Order, please cancel it first and then place a new order. The executed part of the order cannot be cancelled, while only the outstanding part of the order can be cancelled before market closes on the trading day on which the executed part of the order is executed.

5.	Can I set the valid day for a Stop Loss Order?
	Yes, Stop Loss Order can be valid for up to 3 trading days. For Stop Loss Order which is valid for more than 1 trading day, if it is not triggered, cancelled or rejected on a trading day before the good-till date, it will be automatically carried forward to next trading day until the good-till date. Once triggered, the order will lapse at the end of that trading day and will not be carried forward to next trading day regardless of whether the order is fully executed or not.