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Mrs. Ho holds two securities
accounts at ABC Brokerage Firm holding shares
worth HK$350,000 and $250,000 as at the default
date respectively. What is the maximum compensation
amount for Mrs. Ho if ABC Brokerage Firm defaulted?
The maximum compensation amount for Mrs. Ho would
be a total of HK$500,000 as the compensation limit
is applied on a per-investor basis for securities
account and futures contracts accounts respectively,
regardless of how many securities accounts or
how many futures contracts accounts a person has
at the defaulting brokerage.
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