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Mr. Chan and Mrs. Chan have
a joint account at ABC Brokerage Firm holding
shares worth HK$1,500,000. What is the maximum compensation
for each of them if ABC Brokerage Firm defaulted?
Each of Mr. Chan and Mrs.
Chan would receive a maximum compensation amount
of HK$500,000, that is, a total maximum compensation
amount of HK$1,000,000 for both Mr. Chan and Mrs.
Chan, since the compensation limit is applied
on a per-investor basis, rather than per-account
basis.
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