Professional Documents
Culture Documents
www.jpmorganam.com.hk
14-09/2015 MKT130297
Dealing Guide
October 2015
2015 10
Dealing Guide
J.P. Morgan Asset Management has made every effort to ensure that dealing in our funds is as convenient and
flexible as possible. All you have to do is open a MasterAccount.
To open a MasterAccount simply complete and submit a MasterAccount Application Form together with
the required documents to J.P. Morgan Asset Management. This can be done by mail, via our website at
www.jpmorganam.com.hk or by visiting our Investment Centre in Central. Application forms are available from
the website or from our Investment Centre.
If you wish to invest in our Regular Investment Plan+, you can start your online monthly investment through
eScheduler and make your payment directly through HSBC or Hang Seng Banks Autopay. For more information,
simply login to www.jpmorganam.com.hk. Alternatively, you can also set up a Regular Investment Plan via our
Investment Centre.
Once you have opened a MasterAccount, you can place your orders through:
www.jpmorganam.com.hk
+eScheduler
www.jpmorganam.com.hk
www.jpmorganam.com.hk
Table of Content
I.
General Information
P.4
P.4
P.4
P.4
P.4
P.5
P.5
P.5
P.6
P.6
P.7
P.7
P.7
II. Commonly Asked Questions About eScheduler & Regular Investment Plan
Q14. How can I set up a monthly instruction? .......................................................................................................
Q15. On what date will my monthly contribution be debited from my bank account and
when will it be invested? ................................................................................................................................
Q16. Can I settle by cheque if I have missed a contribution for a month? ...........................................................
Q17. How can I increase or decrease my monthly contribution? .........................................................................
Q18. Can I redirect my monthly contribution in one fund to another at any time I wish
and will I be charged for doing so? ................................................................................................................
Q19. Can I terminate my monthly investment at any time I wish? .......................................................................
Q20. When can I enjoy the loyalty offer with my monthly investment? ...............................................................
P.8
P.8
P.8
P.8
P.9
P.9
P.9
................................................................................................... P.10
Q21. How can I pay for my buy order through J.P. Morgan eTrading? ................................................................. P.10
Q22. In what currency can I settle my orders via HSBC/Hang Seng Banks Autopay,
HSBC Bill Payment, BOCHK Bill Payment, PPS or Other Banks for my online buy order? .......................... P.10
Q23. If I make payment in a currency other than the base currency of a fund,
what rate of exchange will I receive and when? .......................................................................................... P.10
Q24. When should I make payment in order to prevent rejection of my online buy order?............................... P.10
P.18
I.
Q1. ...................................................................................................................P.11
Q2. ....................................................................................................................................P.11
Q3. ....................................................................P.11
Q4. ................................................................................................................................P.11
Q5. ................................................................................................ P.12
Q6. .......................................................................................................... P.12
Q7. /................................................................................................................. P.12
Q8. ................................................................................................................................... P.12
Q9. .................... P.13
Q10. .................................................................................................................. P.13
Q11. ................................................................................................................................... P.14
Q12. .................................................................................................................. P.14
Q13. ............................................................................................................................... P.14
II.
eScheduler
...................................................................................................................................... P.19-22
I. General Information
Q1: What is the minimum amount for each Investment?
Lump sum investment: USD2,000 per fund/share class in general except JPMorgan Evergreen Fund,
absolute return funds, RMB denominated funds and/or share classes and such other funds and/or
share classes as may be specified by JPMorgan Funds (Asia) Limited.
Online lump sum investment: HKD5,000 per fund/share class in general. Except absolute return
funds which require USD50,000.
Monthly investment: HKD1,000 per fund/share class in general.
IMPORTANT: If you wish to settle your purchases by telegraphic or bank transfer, a copy of the
banks validated receipt, clearly showing the value date, currency and amount, beneficiary
account, remitting bank, your full registered name and/or your MasterAccount number must be
sent together with your application. No third party payments and direct deposits of cheques or
cash will be accepted.
Q3: If I make payment in a currency other than the base currency of a fund, what rate of
exchange will I receive and when?
Conversion to the base currency of the fund will normally take place at the prevailing rate on the
first business day, other than a Saturday or Sunday, after the dealing day.
If you wish to place your instruction in person at our Investment Centre or by telephone, please take
note of our office hours (see the back cover).
Q5: What is the cut off time if I place my order through J.P. Morgan eTrading?
The cut-off time for dealing through J.P. Morgan eTrading is the same as in Q4 above and therefore
is also 6:00pm (HK time) on any dealing day of the fund(s) you wish to deal in. Orders received after
the cut-off time will be processed on the next relevant dealing day.
4
If you pay for your order(s) via HSBC or Hang Seng Banks Autopay service, you should ensure that
you have sufficient funds in your Autopay bank account to settle the order(s) before 3:00pm on the
same business day and your order amount does not exceed the debit limit amount of your bank
account setting. If you pay for your order(s) via any other banks, please settle the order(s) before the
bank cut-off time (please check with your bank as this can vary) to avoid your order being rejected.
Orders will normally be processed on the dealing day on which we have received your electronic
payment (if orders are placed through J.P. Morgan eTrading) or if payment is made by cheque/
telegraphic transfer, when we receive confirmation from our bank that your payment has been
cleared. The payment or the confirmation must be received by us before the dealing cut off time at
6:00pm (HK time).
Upon confirmation of the deal, a Contract Note confirming the details will be sent to you.
IMPORTANT: For online banking payments, as the cut-off time varies from bank to bank, please
check the payment service offered by your bank.
Unless otherwise specified, the switch will normally be completed on the same day, except where the
switch is out of JPMorgan China Pioneer A-Share Fund/JPMorgan China New Generation Fund or if
the switch is made into JPMorgan Money Fund - HK$ or into funds which do not deal on a daily basis e.g.
absolute return funds.
If the switch is made into JPMorgan Money Fund - HK$ or into absolute return funds, units/shares
will not be purchased until we have received the sale proceeds from the fund to be sold, normally
within 5-14 business days.
5
For any switching from JPMorgan China Pioneer A-Share Fund/JPMorgan China New Generation
Fund to another JPMorgan funds (excluding JPMorgan Funds - US Dollar Money Market Fund,
JPMorgan Money Fund - HK$ and JPMorgan Asia Absolute Return Fund), switch-in part will generally
be executed on these two funds last dealing day of the calendar week on which the redemption is
effected or on the next available dealing day if such day is the holiday of switch-in fund.
Cleared funds must be received for any switch to JPMorgan Funds - US Dollar Money Market Fund
and JPMorgan Money Fund - HK$ from JPMorgan India Fund, JPMorgan India Smaller Companies
Fund and JPMorgan Philippine Fund which normally require 7 business days to release proceeds, or
from JPMorgan Vietnam Opportunities Fund which normally requires 14 business days to release
proceeds, or from JPMorgan China Pioneer A-Share Fund and JPMorgan China New Generation Fund
which normally releases proceeds within 7 business days after the end of the calendar week when
the redemption is effected.
If the fund to be sold is not valued on the day we receive instructions, the switch (sell and buy) will
be carried out on the next dealing day of the respective funds to be sold and purchased.
In the event that the fund to be purchased is not valued on a particular day, the allotment deal will
be effected on the next dealing day of that fund.
A discount on the offer price is normally given when switching between equity and bond funds ie,
a reduced initial charge of 1% will be offered. However, as money/liquidity funds deal at net asset
value (NAV), no discount is given when switching into these funds.
If your initial investment was in a money/liquidity fund, no discount will be given when switching
between such funds or when switching from them into an equity, absolute return or bond fund. This
is because they deal at NAV and no front end fee was charged initially.
If you have previously switched out of an equity, absolute return or bond fund into a money/liquidity
fund and subsequently switch out of the same money/liquidity fund into another equity, absolute
return or bond fund, the discount will be applied.
Q9: If I wish to make a partial switch or sale, do I have to leave a minimum balance in my
MasterAccount?
Yes. If you are making a partial switch or sale, the minimum investment requirement as specified for
that particular fund/share class must remain in the fund/share class from which you are switching.
Otherwise, all your holdings in that fund/share class will be automatically switched or sold.
With the exception of absolute return funds, if you are making a partial switch or sale through J.P.
Morgan eTrading, the residual balance in each fund must normally meet the HKD5,000 minimum for
lump sum investment, or HKD1,000 minimum for eSchedulers monthly investment, otherwise you
have to switch out or sell all of your holdings in that fund/share class.
To switch holdings from absolute return funds, the residual balance must normally meet the
USD50,000 minimum requirement, otherwise you have to switch out or sell all of your holdings in
that fund/notional class.
Redemption proceeds from the sale of units/shares can be paid in most major currencies, by cheque
or telegraphic transfer (TT)/Local transfer. Unless you have provided us with Standing Payment
Instructions, or you provide written and signed instructions with your order, payment will be made
by cheque, in the base currency of the fund (except RMB denominated funds and/or share classes),
made payable to the registered holder(s).
To avoid any delay in payment, IBAN number must be provided for telegraphic transfer in Euro to
bank accounts in European countries.
If you request us to deposit your redemption proceeds into a USD bank account (or a multi-currency
account for receiving USD) in Hong Kong, the proceeds will be made via USD Local Transfer (within
Hong Kong). You can also select to have a USD cheque to be drawn in Hong Kong.
To place your redemption order through J.P. Morgan eTrading, you must provide us with your
Standing Payment Instructions in advance so that proceeds from the sale of units/shares can be paid
into your designated bank account in your specified currency. J.P. Morgan eTrading cannot currently
pay proceeds by cheque.
IMPORTANT: Payment cannot be made to accounts in the names of third parties.
II. Commonly Asked Questions about eScheduler & Regular Investment Plan
Q14: How can I set up a monthly instruction?
You can invest monthly through eScheduler via J.P. Morgan eTrading by using HSBC or Hang Seng
Banks Autopay service or PPS websites monthly payment instruction. Alternatively, you can also set
up a Regular Investment Plan via our Investment Centre.
Q15: On what date will my monthly contribution be debited from my bank account and when
will it be invested?
For eScheduler monthly investment, your account will be debited on your selected Order Process
Date of each month (or the next business day if the Order Process Date is a bank holiday) and your
investment will normally be invested on the same day (or the next relevant dealing day, if the Order
Process Date is not a dealing day).
For Regular Investment Plan setup via our Investment Centre, your account will be normally debited
on the 4th business day prior to the 15th calendar day (or the next business day if it is a bank
holiday) of each month, and will normally be invested on the 15th calendar day (or the next dealing
day if it is a fund holiday).
Q18: Can I redirect my monthly contribution in one fund to another at any time I wish and
will I be charged for doing so?
For eScheduler monthly investment, you can easily adjust the instructions online in Existing
Schedule via J.P. Morgan eTrading at any time you wish without any charge.
For Regular Investment Plan setup via our Investment Centre, you can redirect your investment in
a fund at any time you wish provided it has reached the minimum investment amount of USD2,000
(or USD5,000 for JPMorgan Evergreen Fund). You can advise us of your new instruction by signing
and completing a Regular Investment Plan Amendment Form, or by sending us your signed written
instruction. You can also call us to place your instruction with your Personal Identification Number
(PIN). If your instruction is received by the last calendar day of the month, the change can be
effected in the following month.
Note: An administration fee of HKD200 will be charged if you redirect more than twice within any one calendar year.
Q20: When can I enjoy the loyalty offer with my monthly fund investment?
For eScheduler monthly investment, you can earn ePoints on the monthly investment you made, and
the system would automatically employ your accumulated ePoints to waive your future eScheduler
investments initial charge.
For Regular Investment Plan setup via our Investment Centre, you can enjoy the loyalty offer* (see
below schedule on initial charge) once you have made your 12th contribution.
For funds
with 5% initial charge
For funds
with 3% initial charge
5%
4%
3%
1%
3%
2%
1%
0%
* Only applies if your Regular Investment Plan account is opened directly with our Investment Centre.
Order Cancellation
HSBC bill
Payment
PPS Online
Payment
PPS by Website/
by Phone
Other Banks
* HSBC/Hang Seng Banks Autopay cannot be selected between 3:00pm 6:00pm on the business day.
Q22: In what currency can I settle my orders via HSBC/Hang Seng Banks Autopay, HSBC bill
Payment, BOCHK Bill Payment, PPS or other banks for my online buy order?
Currently, only HKD payments can be made via HSBC/Hang Seng Banks Autopay, HSBC bill Payment,
BOCHK Bill Payment, PPS or other banks.
Q23: If I make payment in a currency other than the base currency of a fund, what rate of
exchange will I receive and when?
Conversion to the base currency of the fund will normally take place at the prevailing rate on the
first business day, other than Saturday or Sunday, after the dealing day.
Q24: When should I make payment in order to prevent rejection of my online buy order?
For HSBC/Hang Seng Banks Autopay, you should ensure that you have sufficient funds in your
Sameday Autopay bank account to settle the order(s) before 3:00pm on the same business day and
your order amount does not exceed the debit limit amount of your bank account setting.
For PPS Online Payment, you are required to make payment at the same time the order is placed.
For HSBC bill Payment, BOC Bill Payment, PPS by Website/by Phone and other banks, you will need
to place your order via J.P. Morgan eTrading first and make your payment before 6:00pm or earlier
(depends on your bank) on the same business day. Failure to make payment will result in an order
rejection.
10
I.
Q1:
/2,000
/
/
/5,00050,000
/1,000
Q2:
/
17
Q3:
Q4:
96
24
6
6
/
76
11
Q5:
4
6
3
Q6:
/
Q7:
/
eScheduler
Q8:
A
/
5-14/
12
A/
714A
7
1%
/
//
//
Q9:
5,000eScheduler1,000
/
50,000
/
Q10:
250
250
13
Q11:
IBAN
3
3
3
3
3
Q12:
5-14A
7
Q13:
14
II. eScheduler
Q14:
eScheduler
Q15:
eScheduler
15
415
Q16:
eScheduler
200
Q17:
eScheduler
100
1,000
200
Q18:
eScheduler
2,000
5,000
200
15
Q19:
eScheduler
200
Q20:
eSchedulerePoints
ePointseScheduler
12
*
* 1 - 12
13 - 24
25 - 36
37
5%
3%
5%
4%
3%
1%
3%
2%
1%
0%
16
III.
Q21:
/
/
*
1,000,000
500,000
100,000
100,000
* /36
Q22: /
Q23:
Q24:
/3
17
CAD
CNY
EUR
GBP
HKD
JPY
NZD
SGD
USD
Bank Name
: JPMorgan Chase Bank N.A.
Level 34, AAP Centre, 259 George Street, Sydney NSW 2000, Australia
Swift Code
: CHASAU2X
Account Name
: JPMorgan Funds (Asia) Ltd - Client Monies
Account No.
: 0010067030
Bank Name
: JPMorgan Chase Bank, N.A.
200 Bay Street, Royal Bank Plaza, South Tower, Suite 1800, Toronto, Ontario M5J 2J2, Canada
Swift Code
: CHASCATTCTS
Clearing Code
: 027000012
Account Name
: JPMorgan Funds (Asia) Ltd - Client Monies
Account No.
: 4683000150
Bank Name
: JPMorgan Chase Bank, N.A.
18/F, JPMorgan Tower, Grand Central Plaza, 138 Shatin Rural Committee Road, Shatin, Hong Kong
Swift Code
: CHASHKHH
Account Name
: JPMorgan Funds (Asia) Ltd - Client Subscription Monies
Account No.
: 6847920045
Bank Name
: J.P. Morgan AG
Taunus Turm, Taunustor 1, 60310 Frankfurt, Germany
Swift Code
: CHASDEFX
IBAN
: DE20501108006001600672
Account Name
: JPMorgan Funds (Asia) Ltd - Client Monies
Account No.
: 6001600672
Bank Name
: JPMorgan Chase Bank, N.A.
25 Bank Street, Canary Wharf, London, United Kingdom E14 5JP
Swift Code
: CHASGB2L
Sort Code
: 609242
Account Name
: JPMorgan Funds (Asia) Ltd - Client Monies
Account No.
: 24021301
Bank Name
: JPMorgan Chase Bank, N.A.
18/F, JPMorgan Tower, Grand Central Plaza, 138 Shatin Rural Committee Road, Shatin, Hong Kong
Swift Code
: CHASHKHH
Account Name
: JPMorgan Funds (Asia) Ltd - Client Monies
Account No.
: 6891920008
Bank Name
: JPMorgan Chase Bank, N.A.
Floor 29, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-Ku, Tokyo 100-6432, Japan
Swift Code
: CHASJPJT
Account Name
: JPMorgan Funds (Asia) Ltd - Client Monies
Account No.
: 0171458953
Bank Name
: JPMorgan Chase Bank, N.A.
Level 27, PWC Tower, Quay and Albert Street, Auckland, New Zealand
Swift Code
: CHASNZ2A
Account Name
: JPMorgan Funds (Asia) Ltd - Client Monies
Account No.
: 17001149
By order of :
Name(s) of MasterAccount holder(s) and/or MasterAccount No. /
The applicant(s) is/are responsible for any charges levied by the remitting bank or any correspondent bank.
IMPORTANT: If you wish to settle your purchases by telegraphic or bank transfer, a copy of the banks validated receipt, clearly
showing the value date, currency and amount, beneficiary account, remitting bank, your name and/or your MasterAccount number
must be sent together with your application. No third party payments and direct deposits of cheques or cash will be accepted.
18
19
149
00222
00219
00235
00100
00124
00234
00223
00224
00225
00226
00229
00227
00228
00230
00236
00237
00220
00110
00136
00111
A*
00106
A*
00109
A*
00129
00127
00120
00101
00102
00137
00103
00128
00138
00112
00113
00121
00122
00231
00130
00233
00232
00238
00133
00132
00114
00115
00105
00163
00116
00117
00139
00118
00119
00123
*^
00180
00248
00244
00140
00240
00142
JPM Emerging Europe, Middle East and Africa Equity A (dist) - USD
00157
00249
00289
00290
00250
00251
00153
00241
00156
00253
00141
00245
00246
00247
00150
00143
00167
00148
00252
00160
00214
00149
00170
00155
00165
00242
00318
00146
00152
00212
00161
00243
00281
00282
00349
00278
00279
00364
00266
00280
00175
A*
00283
A*
00285
A*
00284
20
A*
00264
A*
00200
00345
A*
00352
A*
00351
A*
00350
00940
00941
00942
00943
00944
00945
00171
00201
A*
00286
A*
00288
A*
00287
A*
00265
A*
00199
00315
00316
00317
00273
00198
00277
00267
00346
00104
00340
00341
00342
00343
00344
00268
00269
00107
00211
00348
00270
00271
00274
00275
00217
00272
00276
00218
Money/Liquidity Funds
00190
00190
*The Fund may use derivatives for investment purposes ^This Fund requires financial derivatives knowledge assessment
* ^ #
21
The information contained in this document does not constitute investment advice, or an offer to sell, or a solicitation of an offer to buy any
security, investment product or service. Investment involves risk. Past performance is not indicative of future performance. Funds which are
invested in emerging markets and smaller companies may also involve a higher degree of risk and are usually more sensitive to price movements.
Please refer to the offering document(s) for details, including the risk factors before investing. Investors should also note that hedge funds use
alternative investment strategies and the risks inherent in them are not typically encountered in traditional funds. These funds undertake special
risks that may lead to a substantial or total loss of capital and there is no guarantee that the relevant investment objective can be achieved.
Therefore, investment in hedge funds is only suitable for sophisticated investors who can afford the risks. For details, please refer to the respective
Information Memorandum. Investors are also advised to consider their own financial circumstances and the suitability of hedge funds as part of
their investment portfolio. Please obtain professional advice before subscribing to hedge funds.
This document has not been reviewed by the SFC. Issued by JPMorgan Funds (Asia) Limited.
22
Contact Us
7th Floor, Chater House, 8 Connaught Road Central, Hong Kong
www.jpmorganam.com.hk
14-09/2015 MKT130297
Dealing Guide
October 2015
2015 10