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International Stock Markets

Athens Exchange

HSBC Securities S.A is constantly included among the 10 largest stock broking companies in Greek stock market, renowned for its high quality services.
HSBC Securities S.A provides a full range of services such as:

Reception and execution of orders in Greek , international equities and derivatives

  • Advisory services
  • Discretionary porfolio management
  • Research
  • Custody

You have the option to maintain three different types of  trading accounts

  1. Cash Account
  2. 3 Day Credit Account
  3. Margin Account

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Cash Account
Through a Cash Account you may trade, provided that there is sufficient cash balances to cover the value of the transaction.
In the event you are exceptionally allowed to trade from your Cash Account  when orders exceed your credit balance, the following will apply :

  • Balance should be paid in full at T+3 the latest
  • In case the balance is not paid in full at T+3, forced liquidation will take place at T+4 and part or the entire of your portfolio will be sold at market prices to cover the overdue debit balance of your account.

If you wish to trade above your cash balance the 3 Day Credit Account or the Margin Account may be suitable for you. These accounts are governed by specific rules and limitations and a separate agreement must be signed.

Credit Account Τ+3 (3D Account)

By opening a 3 Day Credit Account, you must be aware that :

  • Any debit balance should be settled at T+3 the latest (T= trade date) in cash or by selling stocks.
  • Equity should be equal or higher than 45% of the value of the portfolio (equity = value of the portfolio less borrowed funds)
  • At T+4 the company will liquidate part or the entire portfolio at market prices to settle any overdue balance
  • A policy for proper diversification of equities is applied
  • Not all equities are eligible for trading
  • The client must apply for credit.
  • There are credit limitations
  • Interest is charged to debit balances
  • You must sign separate terms of business.

We must inform you that for systematic users, the 3 Day Credit Account entails a very high risk of loss of capital and HSBC Securities S.A.  does not support the frequent transactions from such accounts.

Margin

Margin Account
In the event you will select to open a Margin Account, you must be aware that buying securities with borrowed funds can be extremely risky as  both gains and losses are amplified. There are chances for both substantial gains and losses. Additionally you must consider the cost of  interest which  should be paid for the use of borrowed funds.
The client should deposit an Initial Margin in the form of cash or equities and can borrow funds from the Company to buy additional stocks. Our margin policy requires a diversified margin portfolio.
Specific terms about the Margin Account and examples of how this account works, may be provided upon request.
Both the "3 Day Credit Account" and the "Margin Account" are not suitable for all clients . Clients should be aware of the risks associated with these accounts.

Short Selling (the sale of securities not owned by the client) is not allowed in any of the accounts except under the procedures established by the Greek regulatory framework.

Cyprus Stock Exchange (CSE)

Our company is an official member of the CSE . With the use of the ATHEX - CSE common trading platform  we provide to our clients with immediate access to all stock traded in the Cyprus Stock Exchange.

Foreign Stock Exchanges

General

A cutting-edge investment tool at your fingertips!

Utilising the expertise and endless possibilities offered by the international HSBC Group, HSBC Securities SA offers cutting-edge services to Greek investors.

Through the World Markets service, HSBC Securities SA offers the possibility to trade in the largest stock exchanges around the world: USA (NYSE, NASDAQ and AMEX), Japan, Hong-Kong, Australia, Switzerland, United Kingdom, Germany, France, NASD Europe, Holland, Belgium, Italy, Spain, Sweden, Finland, Austria, Ireland, Luxemburg, Portugal, Norway, Denmark, Turkey and Canada.

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Start trading immediately
You can start trading immediately with the World Markets service:

  • Fast and easy procedures
  • Low cost
  • No minimum order limit

With the safety and expertise of HSBC

The World Markets service:

  • Allows you to utilise the network and expertise of HSBC Group, one of the largest international financial organizations, member of most stock exchanges around the world, with a presence in 81 countries 
  • Expands your investment  choices offering immediate access, to shares of  multinational companies with solid financial basis, high liquidity and depth of transactions 
  • Ensures safe processing of your transactions

The custodian for your World Market transactions is HSBC Investment Bank in London, which monitors and provides information on ex-dividends and Corporate Actions.

For Euro transaction the trade confirmation is mailed to you at T+1.
For transactions requiring currency conversion, the trade confirmation is issued and mailed to you at T+2

Active clients  are receiving a monthly statement. Non active clients are receiving a statement semiannually.

ADDITIONAL SERVICES

In-depth research
Ensure you have the information you need
To ensure you have the information on which to base your investment decisions, we provide sophisticated and genuinely objective research. We are known for  our impartial, consistent and thought provoking equity research. The following research materials are at the disposal of our active clients.

  • Morning meeting notes are issued daily covering headline news on the Athens Exchange. Market commentary, corporate actions, stock splits and rights issues are reported with our view on each.
  • In-depth company research is produced on a range of companies on the Athens Exchange and is not just limited to the large capitalised companies.
  • Strategy reports provide our views on the Greek economy , the local equity market outlook and our key "winning" stock ideas.

HSBC Securities S.A., was the first firm in Greece to organise and operate a Research Department. The research team is made up of specialists with long standing experience in the industry. Local research is complemented by  the HSBC Group's industry specialists.

The consistency and quality of research is proven by its success in independent surveys. HSBC Securities S.A. has consistently ranked among the  top 3 Brokerages "country analysis" in both the 2007 and 2008 Pan European Extel survey and is consistently awarded among the top.

Corporate actions
HSBC Securities S.A. is actively involved in  corporate actions such as:

  • IPOs
  • Dividends
  • Right Issues
  • Bonus Shares
  • Share Capital Increases & Stock Splits

Timely statements
Keeping you informed
To know exactly where you stand with the trades you have made with us, we provide the following reports.

  • Confirmation of your daily trades by telephone and/or fax and/or email
  • Trade confirmation containing full details of your transactions, will be posted or emailed to you the next working day.
  • If you are an active client , you will receive  a monthly statement  with the valuation of your portfolios, cash balances, transactions history. Non active accounts are receiving statements semiannually.
  • Portfolio valuation on request.

Deposit Services
To ensure your funds are kept working for you while you are in between investments, we can place them on deposits for you at competitive interest rates.

Funds are invested overnight in order to ensure availability. Upon your instructions, available funds may be invested in a time deposit for  periods from one week up to3 months.

Funds are invested collectively through HSBC Securities S.A. clients account which we maintain in major financial institutions  of Greece.
If you are investing in US and UK financial instruments, you may maintain interest bearing accounts in €, $ and Gbp.

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