1. Restrictions apply: The $4.95 commission does not apply to foreign stock transactions, large block transactions requiring special handling, or restricted stock transactions. Foreign ordinary shares that trade online in the U.S. over-the-counter (OTC) market and do not settle in the U.S. will have a $50 foreign transaction fee added to the cost of the transaction. See the Charles Schwab Hong Kong Pricing Guide  for details. Employee equity compensation transactions are subject to separate commission schedules.

Some funds may also charge sales and/or redemption fees. Please read the offering documents for details.

2. For offshore funds (for non-U.S. persons), call Schwab Hong Kong at +852-2101-0511 for details.

3. Schwab's short-term redemption fee of $49.95 will be charged on redemption of certain funds with no transaction fees and held for 90 days or less. Schwab reserves the right to exempt certain funds from this fee, which may charge a separate redemption fee and funds that accommodate short-term trading. Funds are subject to management fees and expenses.

4. Please see the Charles Schwab Hong Kong Pricing Guide for Individual Investors for detailed information on equity and options commissions. Multiple leg options strategies will involve multiple commissions. Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled Characteristics and Risks of Standardized Options  before considering any option transaction.

5. Two-legged online option orders such as spreads, straddles, combos and rollouts are charged only one $4.95 base commission, plus per contract fees for the total number of option contracts. For Broker Assisted Options Commissions, add $25 to the Online Options Commission. Complex option orders involving both an equity and an option leg, including Buy/Writes or Write/Unwinds are charged per contract fees for the option leg, plus commissions for the equity leg subject to the client's current commission schedule. There is no base commission for the option leg.

Exchange Process Fee — This is a fee Schwab charges to offset fees imposed on us by national securities and self-regulatory organizations or by U.S. option exchanges.

The Securities and Exchange Commission (SEC) assesses transaction fees on national securities exchanges and self-regulatory organizations based on the aggregate dollar amount of sales of certain securities. The SEC recalculates the amount of this fee periodically — at least once per year but sometimes more often. National securities exchanges and self-regulatory organizations offset the transaction fees by charging their member broker-dealers such as Schwab, and we, in turn, offset this fee by charging you an Exchange Process Fee for covered sell transactions.

U.S. option exchanges charge Schwab and other broker-dealers per-contract fees for purchases and sales of exchange-listed options. The exchanges may charge these fees even on transactions executed on other exchanges, which can result in multiple fees being imposed on Schwab for a single transaction. Schwab offsets these fees by charging you a single Exchange Process Fee for each covered transaction. Any Exchange Process Fee that appears on your trade confirmation for a sale of an exchange-listed option will combine the offsets for the fees charged both by the U.S. option exchanges and by the national securities and self-regulatory organizations.

The Exchange Process Fee will rise or fall periodically depending upon the rates set by the SEC or by the U.S. option exchanges, as applicable.

Several U.S. option exchanges currently assess a fee upon Schwab for covered transactions. Of them, the Chicago Board Options Exchange (CBOE) and the International Securities Exchange (ISE) fees, as shown in the table below, will be included in the Exchange Process Fee.

Schwab reserves the right to act as principal on any fixed income transaction, public offering or securities transaction. When Schwab acts as agent, a commission will be charged on the transaction. When Schwab acts as principal, the markup is included in the bond price.

Note: Large block transactions (orders of more than 250 bonds) may be available for special handling and/or pricing — please call us for information.

1. Restrictions apply: The $4.95 commission does not apply to foreign stock transactions, large block transactions requiring special handling, or restricted stock transactions. Foreign ordinary shares that trade online in the U.S. over-the-counter (OTC) market and do not settle in the U.S. will have a $50 foreign transaction fee added to the cost of the transaction. See the Charles Schwab Hong Kong Pricing Guide  for details. Employee equity compensation transactions are subject to separate commission schedules.