Scenario 1 - Securities trading I
Mr. Chan's securities portfolio:
Suppose ABC Brokerage Firm defaults on 2/1/202X, then the closing prices of the securities on the default date are used to calculate the compensation amount:
Mr. Chan receives a compensation amount of HK$500,000
The maximum amount of compensation per claimant is HK$500,000, even if the value of securities on the default date exceeds the limit.