Trading
1. What kind of investment tools does Core Pacific Securities provide?
2. What type of trading orders does Core Pacific Securities provide?
3. How do I place online order?
4. If I do not want to place trade via Internet, what do I do?
5. What kind of charges will I be charged if I decide to cancel or change my orders?
 

Open Account
1. What types of account are available at Core Pacific Securities?
2. Which company is the clearing firm for Core Pacific Securities?
3. What is a clearing firm? What is its function?
4. How much money do I need to open an account with Core Pacific Securities?
5. What is the protection on my account?
6. How do I transfer my account to Core Pacific Securities?
7. How do I deposit my money?
8. What is the interest rate on the remaining cash in my Core Pacific Securities account?
9. How much is the margin interest rate at Core Pacific Securities(CPS)?
10. How can a non-U.S. resident open an account?
11. How do I withdraw funds from my account? Does Core Pacific Securities provide free-checking service?
12. What should I do if I forgot my password?
13. If I do not have a bank account within U.S., can I ask my relative to issue a check for me to Pershing?
 

  Trading
1. What kind of investment tools does Core Pacific Securities provide?
  Core Pacific Securities customer can invest in, among other things, equity stocks, options, mutual funds, and bonds.
2. What type of trading orders does Core Pacific Securities provide?
  Core Pacific Securities offers its customer different types of trading orders that include: Market Order, Limit Order, Stop Order, Stop Limit Order, GTC-good till cancel, AON-all or none. Please be sure the sufficient funds or buying power is available in the account before entering an order. The entire funds are needed for the purchase of mutual funds.
3. How do I place online order?
  After you have opened account with Core Pacific, we will mail you a “Welcome Letter”. The letter would indicate your online login information and procedure. You can follow the instruction and log into your online account.
4. If I do not want to place trade via Internet, what do I do?
  You may contact Core Pacific during office hour at (626) 966-0363, we will place the trade for you.
5. What kind of charges will I be charged if I decide to cancel or change my orders?
  There will not be any service charge for the change and cancel of orders.
   
  Open Account
1. What types of account are available at Core Pacific Securities?
 
We provide many different types of account in order to fulfill your investment needs. We provide the following types of account:
  • Individual
  • Joint
  • Corporation
  • Partnership
  • Sole Proprietorship
  • Custodian for Minor
For Retirement Plans:
  • IRA- (Traditional IRA, Roth IRA, and Educational IRA)
  • Simple IRA
  • SEP IRA, Pension Plan
2. Which company is the clearing firm for Core Pacific Securities?
  Pershing LLC is the clearing firm for Core Pacific Securities.

3. What is a clearing firm? What is its function?
  Clearing firm servers the function to oversees the confirmation, delivery and settlement of securities. It is also the custodian for account holder’s positions.

4. How much money do I need to open an account with Core Pacific Securities?
  To open a new brokerage account (including cash account), the minimum initial deposit is $2,000.
5. What is the protection on my account?
As a Core Pacific Securities customer, you will receive the highest level of account coverage in the marketplace today - UNLIMITED ACCOUNT PROTECTION for the securities and cash awaiting reinvestment held in custody by our clearing firm, Pershing, for your account. Of this total, the SIPC provides up to $500,000 of coverage (limited to $100,000 for cash). The remaining coverage is provided by Pershing through a commercial insurer. The account protection applies when a SIPC member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investment.
6. How do I transfer my account to Core Pacific Securities?
  You only need to complete a new account form, an account transfer form, and provide a copy of your current monthly statement. If you are a non-U.S. resident alien, you must also fill out a W-8BEN form for tax purpose. The transferring process usually completes in 10-15 days after we have received your complete application.

7. How do I deposit my money?
  a. You may either send your check to:
Core Pacific Securities USA LLC
800 S. Barranca Avenue, Suite 150
Covina, CA 91723

*Check must be payable to Pershing.

b. Or send wire transfer to:
Bank:
The Bank of New York
ABA#: 021000018
Beneficiary: Pershing LLC
Beneficiary A/C No. 890-051238-5
Special Instruction: For the Account of YOUR NAME
A/C No. 4TV-XXXXXX (Your A/C No.)

8. What is the interest rate on the remaining cash in my Core Pacific Securities account?
  At Core Pacific Securities, you may choose to automatically "sweep" the remaining cash into a Money Market Fund in order to earn the interest. The interest rate on this Money Market Fund fluctuates in accordance with the policy of Federal Reserve Bank and the movement of the market rates.

9. How much is the margin interest rate at Core Pacific Securities(CPS)?
$0-$10,000 CPS Basic Lending Rate + 2.25%
$10,001-$30,000 CPS Basic Lending Rate + 1.50%
$30,001-$50,000 CPS Basic Lending Rate + 1.00%
$50,001-$100,000 CPS Basic Lending Rate + 0.25%
$100,001 and up CPS Basic Lending Rate + 0.00%

10. How can a non-U.S. resident open an account?
  A non-U.S. resident may open account with us by simply completing the new account form and the W-8BEN form. A copy of the valid passport is also required. All trading and deposit must be made in U.S. dollar. All sufficient funds in the cash account and buying power in the margin account are needed before any trades can be processed. For a non-U.S. resident, capital gains on your investment may be tax-free. Please consult with your CPA for details.
11. How do I withdraw funds from my account?
  Does Core Pacific Securities provide free-checking service? The customers can request a check from us or wire transfer to them. Requesting a check can be processed by phone, or fax. Please provide your name, account number, and the amount to our Financial Consultant. This service is free of charge. Requesting for wiring the fund must be processed only by fax or regular mail. The required documents and the signature of the customer name on the account are needed in order for us to process your request. In addition, Core Pacific Securities customers can also apply for our free resource checking service. The minimum amount of the check issuance is $100, and you may use the check for any purposes.
12. What should I do if I forgot my password?
  You may contact Core Pacific during business hour at (626) 966-0363. Our customer service will reset the password for you.

13. If I do not have a bank account within U.S., can I ask my relative to issue a check for me to Pershing?
  No, we do not accept third party check at the current time.

 
  Disclaimer