Compensation Limits

Scenario 3 - Holder of joint account

Mr. Chan and Mrs. Chan have a joint account at ABC Brokerage Firm holding shares worth HK$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$150,000, that is, a total maximum compensation amount of $300,000 for both Mr. Chan and Mrs. Chan, since the compensation limit is applied on a per-investor basis, rather than per-account basis.