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Terms and Conditions
(A) General Terms and Conditions
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| 1. |
The promotion offers set out in this direct mailer (the "Offers"), unless specified, run from 9 May to 30 June, both dates inclusive (the "Promotional Period"). |
| 2. |
The Offers are exclusive to selected accountholders of The Integrated Account – HSBC
Advance of The Hongkong and Shanghai Banking Corporation Limited, Hong Kong
(the "Bank") to whom this direct mailer is specifically addressed (the "Customers"). The
offers apply to any Integrated Account – HSBC Advance of which the Customer is the sole
or principal account holder ("Applicable Account"). A Customer who has successfully
applied for the designated product(s)/service(s) or executed the specified amount(s) of the
designated transaction(s) via the applicable account(s) as referred to in these Terms and
Conditions during the Promotional Period will be entitled to the Offers as mentioned in this
direct mailer (the "Eligible Customers"). |
| 3. |
Unless specified below, Eligible Customer shall receive ParknShop cash coupon (the "Shopping Coupons") as the reward. The Shopping Coupons ("Coupons") will be mailed
to the Eligible Customer's local correspondence address on or before 31 October 2011.
It is not replaceable in the event of any loss or damage, including without limitation in
any lost in transit after being mailed out by the Bank. |
| 4. |
Eligible Customers who cancel the designated product(s)/service(s) or terminate or convert
their Applicable Account to an Integrated Account - SmartVantage through which the
designated transaction was conducted before the Coupons are mailed out will not be
eligible for the promotional offers. |
| 5. |
The Coupons are available while stock lasts. The Bank reserves the right to replace the
Coupons with alternative gifts without prior notice. The Coupons offered under this
promotion (or any alternative gifts) cannot be converted to cash. The Bank is not
responsible for and shall have no liability in respect of the quality of the products and
services provided by the supplier of the Coupons (or alternative gifts) in this promotion. |
| 6. |
The Offers are provided subject to the prevailing regulatory requirements. |
| 7. |
If there is more than one prevailing promotional offer with respect to the same product,
(including an offer made available under a Direct Mailer programme), an Eligible Customer
will only be entitled to the offer under the Direct Mailer programme unless otherwise
specified. If the Eligible Customer is entitled to more than one Direct Mailing promotional
offer, the Direct Mailing offer with the highest value (as determined in the sole discretion of
the Bank) will be granted. |
| 8. |
All the terms and conditions listed are governed by and construed in accordance with the
laws of HKSAR. |
| 9. |
All remarks and footnotes stated in the direct mailer are intended to serve as part of the
promotional terms and conditions. |
| 10. |
The Bank reserves the right to change these Terms and Conditions at any time and the
offers may be withdrawn by the Bank at its discretion without prior notice. |
| 11. |
In case of disputes arising out of this promotion, the decision of the Bank shall be final and
conclusive. |
| 12. |
Employees of the Bank are not eligible for the offers mentioned herewith. |
| 13. |
In the event of inconsistency between the English and Chinese version of these terms and
conditions, the English version shall prevail. |
(B) Terms and Conditions for Welcome Offers
|
| 1. |
Increase Average Investment Turnover offer:
| a. |
Investment turnover includes all the following investments held in or under accounts
maintained by the Eligible Customer with the Bank and of which the Eligible Customer
is the principal account holder or sole account holder. Mandatory Provident Fund
accounts and the savings/investment portions of insurance policies are excluded.
Investments† refer to market values of local securities, Unit Trusts, Bonds, Certificates
of Deposits, Equity Linked Investments, Structured Notes, monthly investment plans
(Stocks/Unit Trusts) and deposit amounts of Deposit Plus and Structured Investment
Deposits (including Capital Protected Investment Deposits)
| † |
There may be a time lag before the value of certain investment transactions (e.g.
Initial Public Offering (IPO) subscriptions for securities, Bonds, open-end funds
and Certificates of Deposit) are included as Investments due to the processing
time required and therefore may affect the Investment Turnover in the Bank's record. |
|
| b. |
The increase in Average Investment Turnover refers to the increase in the absolute
value of the average investment turnover in May and June 2011.
| Customers who increase
investment turnover in |
Calculation of net increase in average
investment turnover (as per the Bank's
record ) |
| May and June 2011 |
Difference between the customer's average
investment turnover indicated in the direct
mailer and the average monthly investment
turnover of May and June 2011 |
Eligible Customers shall receive HK$50 worth of Shopping Coupons for every
HK$50,000 net increase in average monthly investment turnover. Each Eligible
Customer is entitled to a maximum of HK$200 worth of Shopping Coupons. |
| c. |
The following table illustrates eligibility of the offer under different scenarios.
Assuming the average investment turnover for the past 6 months as of 30 Apr 2011
is HK$100,000.
| Example |
Average
investment
turnover for
the past 6
months (a) |
Monthly
Investment
Turnover of
May 2011(b) |
Monthly
Investment
Turnover of
Jun 2011 (c) |
Net increase in
average monthly
investment
turnover =
difference
between the
value of average
investment
turnover for the
past 6 months
and the average
monthly value
of May and Jun
2011
(d)=((b) + (c))/2-a |
Eligible
amount of
coupons for
Incremental
Investment
Turnover
Offer(a max.
of HK$200
worth of
Shopping
Coupons) |
| 1 |
HK$100,000 |
HK$150,000 |
HK$150,000 |
HK$50,000 |
HK$50 |
| 2 |
HK$100,000 |
HK$0 |
HK$400,000 |
HK$100,000 |
HK$100 |
| 3 |
HK$100,000 |
HK$500,000 |
HK$100,000 |
HK$200,000 |
HK$200 |
| 4 |
HK$100,000 |
HK$100,000 |
HK$150,000 |
HK$ 25,000 |
Not Eligible |
|
|
| 2. |
New-to-Product Category Offers
| a. |
To enjoy the promotional offers, Eligible Customers must have no holdings or have
never conducted any transaction# in respect of any products of the related product
categories specified below between 1 May 2010 and 30 April 2011 (both dates inclusive):
| (i) |
Purchase and sale of local and overseas trading reaching a minimum cumulative
transaction amount of HK$100,000 (excluding switching/transfer of securities,
Stocks Monthly Investment Plans and Initial Public Offerings (IPO) of stocks
including applications and deposit of new IPO securities) |
| (ii) |
Lump-sum subscriptions of Unit Trusts (excluding Unit Trust Monthly Investment
Plans and switching of unit trusts) |
| (iii) |
Purchase of Bonds and Certificates of Deposit (excluding IPO) |
| (iv) |
Subscription of Structured products |
| (v) |
Placement of Foreign Currency/ RMB Time Deposit with new funds‡ |
| (vi) |
Life insurance |
For new product take up under categories (ii), (iii), (iv), (v) and (vi), a minimum
requirement of HK$20,000 for a single transaction or a minimum requirement of
annualised premium of HK$20,000 applies in order for the Eligible Customers to be
eligible for the offer.
An Eligible Customer is entitled to the offer once per each product category. For each new
product take up under the above product category, an Eligible Customer can enjoy HK$100
worth of Shopping Coupons with a maximum of HK$600 worth of Shopping Coupons.
| # |
Holdings and transactions of the products include contributions to Stock Monthly
Investment Plans (SMIP) / Unit Trust Monthly Investment Plans (UTMIP) and placement
of Initial Public Offerings (IPO) of Stocks / Bonds / Certificates of Deposits, time
deposit renewal and new placement at the deposit with new or existing funds are
calculated. |
|
| b. |
Time deposit renewal and Existing Funds§ do not qualify. |
| c. |
The application date for the designated category of insurances in respect of the Offer
set out in B2a above should be within the Promotional Period and the relevant policy
must be effected on or before 31 August 2011 in order to be eligible for the Offer.
Any change to existing insurance policy(ies) will not be considered as a new purchase
or take up of insurance and therefore will not be eligible for the Offer.
|
| d. |
The Offer is not applicable to extra lump sum premiums paid on top of the regular
monthly/annual premium or single premium. |
| e. |
Customers who have withdrawn or cancelled an application/a policy for the same
insurance product within the six months will not be entitled to any offer under this
promotion. |
| f. |
Subject to Clause 7 under "General Terms and Conditions" and unless otherwise
specified, Eligible Customers will not be eligible for any other promotional offer for
the designated insurance plan in conjunction with this Offer. |
| g. |
The date appearing in the Bank's records will be conclusive as to the date on which the
application/policy of the relevant insurance product was filed, withdrawn or cancelled. |
| h. |
Offers under this promotion are applicable to Personal Financial Services customers
of the Bank only. |
| i. |
All insurance applications are subject to final approval by HSBC Life (International)
Limited.
| ‡ |
The New Fund Balance refers to the net growth in the Customer's Total Relationship
Balance (TRB) as of April 2011, by reference to the same as of Jul 2011, according
to the Bank's record. |
TRB takes into account the following:
| a. |
Hong Kong dollar/Renminbi/foreign currency deposits |
| b. |
Market value of the following investments: local and overseas securities, unit
trusts, bonds, certificates of deposit, Equity Linked Investments, Structured Notes,
Stock/Unit Trust Monthly Investment Plan as well as Wayfoong Statement Gold |
| c. |
Deposit amounts of Deposit Plus and Structured Investment Deposits (including
Capital Protected Investment Deposits) |
| d. |
Utilised lending facilities (excluding mortgages and amounts outstanding on
credit cards) |
| e. |
Saving and investment portions of life insurance policies, HSBC MPF balances
and HSBC ORSO Defined Contribution Scheme balances |
To determine your overall TRB in sole capacity, the applicable TRB of all your
personal sole account(s) held or registered under the same name and identity
number, and all your joint account(s) held or registered with the same joint
accountholder(s) under the same name(s) and identity number(s) will be included in
the calculation. To determine your overall TRB in joint capacity, the applicable TRB
of all your joint account(s), held or registered under the same name(s) and identity
number(s), held with the same joint accountholder(s) will be included in the calculation.
There may be a time lag before the value of certain investment transactions (i.e. Initial
Public Offering subscriptions for securities, bonds, open-end funds and certificates
of deposits) and life insurance policies will be included in the TRB due to the
processing time required and therefore may affect the TRB in the Bank's record.
| § |
Existing Funds refer to funds (whatever currencies they are in) that the customer
currently maintains with the Bank. |
Note: In the event that Renminbi is one of the selected currencies for time deposit offer,
please note that Renminbi deposit service is only applicable to Hong Kong identity card
holders. For information on Renminbi product / services restrictions, please refer to the
factsheet available at any of HSBC branches.
| Risk disclosure |
| Bonds/CDs |
| 1. |
Bonds/CDs are mainly for medium to long term investment, not for short term
speculation. You should be prepared to invest your funds in bonds/CDs for the full
investment tenor; you could lose part or all of your investment if you choose to sell your
bonds/CDs prior to maturity. |
| 2. |
It is the issuer to pay interest and repay principal of bonds/CDs. If the issuer defaults, the
holder of bonds/CDs may not be able to receive back the interest and principal. The
holder of bonds/CDs bears the credit risk of the issuer and has no recourse to HSBC
unless HSBC is the issuer itself. |
| 3. |
Indicative bond/CD prices are available and bond/CD prices do fluctuate when market
changes. Factors affecting market price of bonds/CDs include, and are not limited to,
fluctuations in interest rates, credit spreads, and liquidity premiums. The fluctuation in
yield generally has a greater effect on prices of longer tenor bonds/CDs. There is an
inherent risk that losses may be incurred rather than profit made as a result of buying and
selling bonds/CDs. |
| 4. |
If you wish to sell the bonds/CDs purchased through HSBC, HSBC may repurchase them
based on the prevailing market price under normal market circumstances, but the buying
price may differ from the original selling price due to changes in market conditions. |
| 5. |
There may be exchange rate risks if you choose to convert payments made on the
bonds/CDs to your home currency. |
| 6. |
The secondary market for bonds/CDs may not provide significant liquidity or may trade
at prices based on the prevailing market conditions and may not be in line with the
expectations of the bond/CD holders. |
| 7. |
If a bond/CD is early redeemed, you may not be able to enjoy the same rates of return
when you re-invest the funds in other investments. |
|
|
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|
| (C) |
Specific Terms and Conditions for Product Offers
0.25% flat initial charge reduction for subscription of open-end funds after completion of Risk
Profiling Questionnaire (the "Unit Trust Offer") |
|
| 1. |
The promotional period commences on 9 May 2011 and ends on 30 June 2011, both
dates inclusive ("the Promotional Period"). The Unit Trust Offer is applicable to any
customer who completed the Risk Profiling Questionnaire ("Eligible Customer"). |
| 2. |
The Unit Trust Offer is only applicable to the lump-sum subscription orders of
open-end funds (excluding CapitALL funds and funds in the 'No Subscription Fee
Series", guaranteed funds and Unit Trust Monthly Investment Plan ) made through
HSBC branches in Hong Kong or HSBC phonebanking services within 2 months from
the date of completion of the Risk Profiling Questionnaire. |
| 3. |
The Unit Trust Offer is applied on top of the HSBC Unit Trust initial charge preferential
pricing (if applicable). |
| 4. |
Other promotional offers on open-end funds initial charge may be available from time
to time. Eligible Customer may or may not enjoy this Unit Trust Offer with the
prevailing promotional offers. Please refer to the Terms and Conditions for the
respective promotional offers for details. |
| 5. |
The exact initial charge may vary slightly depending on the individual fund house
calculation logic. |
| 6. |
All other fees/charges applicable to the relevant fund (including switching fees,
redemption fees, management fees and other fees) still apply. |
| 7. |
The Unit Trust Offer and the prevailing open-end funds preferential initial charge offer
may be changed from time to time at the discretion of The Hongkong and Shanghai
Banking Corporation Limited in Hong Kong SAR (the "Bank") without prior notice. |
| 8. |
The Bank reserves the right to change these Terms and Conditions at any time with
reasonable notice and the offer may be withdrawn by the Bank at its discretion without
prior notice. |
| 9. |
In case of dispute, the decision of the Bank shall be final and conclusive. |
| Risk disclosure |
| Unit Trusts |
| 1. |
Funds which are invested in certain markets and companies (e.g. emerging,
commodity markets and smaller companies etc) may also involve a higher degree
of risk and are usually more sensitive to price movements. |
| 2. |
Credit Risk/Interest Rate Risk – a fund that invests in fixed income securities may
fall in value if interest rates change, and is subject to the credit risk that issuers
may not make payments on such securities. Price of the fund may have a high
volatility due to investment in financial derivative instruments and may involve a
greater degree of risk than in the case with conventional securities. |
| 3. |
Counterparty Risk – a fund will be exposed to credit risk on the counterparties
with which it trades in relation to financial derivative instrument contracts that are
not traded on a recognised exchange. Such instruments are not afforded the
same protections as may apply to participants trading financial derivative
instruments on organised exchanges, such as the performance guarantee of an
exchange clearing house. A fund will be subject to the possibility of insolvency,
bankruptcy or default of a counterparty with which a fund trades such
instruments, which could result in substantial loss to a fund. |
|
|
|
0.125% Brokerage Fee Offer for Local Securities (the "Offer")
| 1. |
The Offer is valid from 9 May 2011 to 30 June 2011, both dates inclusive ("the
Promotional Period"). |
| 2. |
The Offer is open to pre-selected HSBC Advance customers who maintain any HSBC
investment services account with account suffix of 381, 380, 388, 391, 392 and 394 as
at 30 Jun 2011, of which they are the sole or principal account holders ("Eligible
Investment Accounts"), and who have been informed of the Offer individually by the
Bank via this direct mailer ("Eligible Customer"). For the avoidance of doubt,
customers who have not received this direct mailer are not eligible for this Offer. |
| 3. |
The Offer is applicable to local securities transactions (excluding transactions made in
respect of initial public offerings and Stocks Monthly Investment Plans) which are
effected via HSBC Personal Internet Banking (www.ebanking.hsbc.com.hk), HSBC Stock
Express (www.hsbc.com.hk/stockexpress) or HSBC Mobile Banking (www.hsbc.com.hk)
through the Eligible Investment Account during the Promotional Period (the "Eligible
Transactions"). |
| 4. |
Each Eligible Customer can enjoy this Offer for all Eligible Transactions until the
cumulative waived brokerage fee reaches HK$2,500. All subsequent transactions will
be subject to standard brokerage fees (minimum HK$100 or RMB100 per transaction). |
| 5. |
The standard brokerage fees will be deducted upfront and the portion of waived
brokerage fees (subject to a minimum brokerage fee of HK$100 or RMB100 per
transaction) will be reimbursed to the settlement account of Eligible Investment
Account on or before 31 December 2011. Eligible Customers must not terminate or
downgrade these accounts on or before the aforementioned date in order to enjoy this
Offer. |
| 6. |
Each Eligible Customer will be entitled to this Offer once only. If customer is eligible for
more than one concurrently running local securities promotional offers, the Bank reserves
the right to award only the offer deemed to be of higher value at the Bank's discretion. |
| 7. |
Without limiting Clause 12 above, if a customer who is entitled to this 0.125%
Brokerage Fee Offer is, at the same time, entitled to "$0 Brokerage Fee Offer for Local
Securities", any transactions which are rebated under "$0 Brokerage Fee Offer for
Local Securities" will not be eligible for or otherwise be entitled to any rebate under
this 0.125% Brokerage Fee Offer. |
| 8. |
The waived brokerage fees will be converted to and paid in Hong Kong dollars at a
prevailing exchange rate designated by the Bank from time to time. |
| 9. |
Other transaction fees/charges still apply. These include, without limitation, deposit
transaction charge (for purchase orders only), SFC transaction levy, investor
compensation levy, HKEx trading fee and stamp duty. |
|
|
$0 Brokerage Fee Offer for U.S. Stocks (the "Offer")
| 1. |
The Offer is effective from 1 January 2011 to 31 December 2011, both dates inclusive
(the "Promotional Period"). |
| 2. |
The Offer is only applicable to the sole or principal account holders of HSBC Integrated
Investment Services Account with account suffix 380 who successfully activate the
U.S. stock trading service during the Promotional Period (the "Eligible Customers")
(the "Eligible Investment Account"). |
| 3. |
Customer who is currently holding or has terminated any HSBC Integrated Investment
Services Account activated with the U.S. stock trading service within six months prior
to the specific dates listed in the below table will not be eligible to this Offer:
| Promotional Period |
Six months prior to below specific dates |
| 1 January 2011 – 31 March 2011 |
1 January 2011 |
| 1 April 2011 – 30 June 2011 |
1 April 2011 |
| 1 July 2011 – 30 September 2011 |
1 July 2011 |
| 1 October 2011 – 31 December 2011 |
1 October 2011 |
|
| 4. |
The Offer is a brokerage fee waiver applicable to U.S. stocks transactions which are
effected via HSBC Stock Express (www.hsbc.com.hk/stockexpress), HSBC Mobile
Banking (www.hsbc.com.hk) or HSBC Manned Phonebanking Service (for HSBC
Premier and HSBC Advance customers only) through the Eligible Investment Account
within 30 calendar days upon its U.S. stock trading service activation date
(the "Eligible Period") (the "Eligible Transactions"). The U.S. stock trading service
activation date is the later date between the creation dates of W-8BEN Form and NYSE
Market Data Agreement according to the Bank record. |
| 5. |
Eligible Customers will enjoy $0 brokerage fee for all Eligible Transactions until the
total cumulative standard brokerage fee reaches HK$2,500 for HSBC Advance Eligible
Customers. All subsequent transactions will be subject to standard brokerage fees
(minimum brokerage fee per transaction for the first 1,000 shares: HSBC Stock Express/
HSBC Mobile Banking – US$18; HSBC Manned Phonebanking Service – US$38).
Example (HSBC Advance Eligible Customer):
The Eligible Customer has successfully activated the U.S. stock trading service of an
Eligible Investment Account on 9 May 2011 and conducts the following Eligible
Transactions during the Eligible Period:
| Trade date |
Transaction
Channel |
No. of shares |
Standard
brokerage fee |
Waived
brokerage fee |
| 9 May 2011 |
Stock Express |
15,000 |
US$228 x $7.8 =
HK$1,778.4 |
HK$1,778.4 |
| 19 May 2011 |
Manned
Phonebanking |
10,000 |
US$173 x $7.8 =
HK$1,349.4 |
HK$721.6
(subject to cap) |
| 25 May 2011 |
Mobile Banking |
500 |
US$18 x $7.8 =
HK$140.4 |
n/a
(over cap) |
| 13 June 2011 |
Manned
Phonebanking |
800 |
US$38 x $7.8 =
HK$296.4 |
n/a
(not within
Eligible Period) |
| Total |
|
26,300 |
HK$3,564.6 |
HK$2,500 |
|
| 6. |
The standard brokerage fees will be deducted upfront and the portion of waived
brokerage fees will be reimbursed to the settlement account of Eligible Investment
Account within 12 months upon its U.S. stock trading service activation date. Eligible
Customers must not terminate or downgrade these accounts within 12 months in
order to enjoy this Offer. |
| 7. |
The waived brokerage fees will be converted to and paid in Hong Kong dollars at a
prevailing exchange rate designated by the Bank from time to time. |
| 8. |
Other transaction fees/charges still apply. These include, without limitation, SEC fee
(for sell transaction only) and American Depository Receipt (ADR) Fee. |
| 9. |
Each Eligible Customer will be entitled to the Offer once only. If customer is eligible to
more than one concurrently running U.S. stock promotional offers, the Bank reserves
the right to award only the offer deemed to be of higher value at the Bank's discretion. |
RetireIncome Annuity Plan (RIAP) / Lifestyle Wealth Protection Plus (LWPP) / EarlyIncome
Annuity Plan (EIAP) - First-year Premium Discount
| 1. |
Below First-year Premium Discount is applicable to successful applications in respect
of a new purchase of RIAP, LWPP or EIAP within the period of 11 May 2011 to 30 June 2011
(both dates inclusive) AND the policy must be issued within the period of 11 May 2011
to 31 Aug 2011 (both dates inclusive):
| • |
The 2% First-year Premium Discount is only applicable to:
successful applications in respect of a new purchase of RIAP or LWPP from existing
customers of Integrated Account - HSBC Advance with the Bank ("Advance RIAP/
LWPP Policy") |
| • |
The 1% First-year Premium Discount is only applicable to:
successful applications in respect of a new purchase of EIAP from existing customers of Integrated Account - HSBC Advance with the Bank ("Advance EIAP Policy"). |
|
| 2. |
For monthly payment of premium, customers are required to pay the first three
months' premium upfront with the discount deducted from the initial payment. |
| 3. |
For premiums paid on annual basis, the amount of premium payable in the first year
will be calculated as:
a. full annual premium X 0.98 (for Advance RIAP/ LWPP Policy) OR
b. full annual premium X 0.99 (for Advance EIAP Policy). |
| 4. |
A customer who has withdrawn/cancelled an application/policy for the same insurance
plan within the past six months will not be entitled to the promotional offer. |
| 5. |
Offers under this promotion are not applicable to policies applied in company name. |
| 6. |
Premium discount / premium waiver / coupons offered in this promotion are not
exchangeable for cash and are not transferable. |
| 7. |
HSBC Life (International) Limited reserve the right to accept or reject any applications
for any plan based on the information provided by the life insured during application. |
|
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