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Mr. Cheung holds shares worth
HK$600,000 as at the default date deposited at
ABC Brokerage Firm and has also deposited HK$300,000
cash at ABC Brokerage Firm for futures contracts
trading. What is the compensation limit for Mr.
Cheung if ABC Brokerage Firm defaulted?
Based on the per-investor compensation
limit of HK$500,000 for each of his securities
and futures contracts account respectively, the
maximum compensation amount for Mr. Cheung would
be HK$500,000 for the securities account and HK$300,000
for the futures contracts trading, that is, a
total of HK$800,000 compensation would be paid.
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