Terms and Conditions - Hang Seng Bank

General Terms and Conditions of Investment FX Offer (the “Offer”):

The promotion period is from 1 October 2024 to 31 December 2024 both dates inclusive (the "Promotion Period").
The Offer is applicable to Prestige Private , Prestige Banking, Preferred Banking and Integrated Account (the “Eligible Account”) personal customers of Hang Seng Bank Limited (the “Bank”) who fulfill the criteria stated in Reward 2 or Reward 3 (“Eligible Customers”).
Unless otherwise specified, the Offer is not applicable to Business Banking and Private Banking customers of the Bank and cannot be used in conjunction with other offer(s) of the Bank.
No person other than the Eligible Customers and the Bank (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provision of these Terms and Conditions.
These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
These Terms and Conditions are subject to prevailing regulatory requirements (where applicable).
The Offer is provided by the Bank. The Bank reserves the right to suspend, vary or terminate the Offer and to amend these Terms and Conditions at any time without prior notice. The Bank also reserves the right of final decision on all matters relating to the Offer, which shall be binding on all parties concerned.
In case of any discrepancy between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.
The offer cannot be used in conjunction with the "Subscription for Relevant Investment Products Offer" provided by the Bank. The reward of the offer will be offered whatsoever is higher.

Reward 2 and Reward 3: Terms and Conditions for Hang Seng FX and Precious Metal Margin Trading Services and FX2 - FX and Precious Metal Trading Services –Trading Spread and Commission Fee Waiver Offers (“Reward 2 and Reward 3 Offers”):

Reward 2 and Reward 3 Offers is only applicable to Eligible Customers who meet the following requirements ("Reward 2 and Reward 3 Eligible Customers"):
- Customers who open a new Hang Seng FX and Precious Metal Margin Trading Services Account, Hang Seng Advanced FX and Precious Metal Margin Trading Services Account, Hang Seng FlexiForex / ProForex Trading Services Account or FX2 - FX and Precious Metal Trading Service Account (each an " Reward 2 and Reward 3 Eligible Account”, collectively “Reward 2 and Reward 3 Eligible Accounts'') starting from 1 January 2024; or
- Existing customers who have not conducted any foreign exchange and precious metal trading or foreign exchange and precious metal margin trading through an Reward 2 and Reward 3 Eligible Account from 1 July 2024 to 30 September 2024 (both dates inclusive).

Reward 2 and Reward 3 Eligible Customers successfully complete FX2- FX and precious metal trading or foreign exchange and precious metal margin trading transactions through Hang Seng Personal e-Banking or Hang Seng Personal Banking Mobile App using the Reward 2 and Reward 3 Eligible Accounts during the Promotion Period ("Eligible Foreign Exchange Trading") can enjoy the following offers:

Reward 2: The trading spread offer depending on the relevant currency / precious metal pair as follows:

Currency / Precious Metal Pair	Trading Spread
EUR / USD	2 pips
USD / JPY
GBP / USD
AUD / USD
NZD / USD
USD / CAD
USD / CHF
USD / CNH	20 pips
XAU / USD	USD 0.80 / oz

The trading spread offer is calculated on a “per account basis”, and is not applicable for USD/HKD, foreign currency against HKD, cross currency, conditional orders and mark-cut orders.
The trading spread offer is applicable to transactions completed under a normal market situation, while the Bank has the right to adjust the relevant trading spread without prior notice when it deems fit under an extremely volatile market situation or when the turnover is extremely low.

Reward 3: Commission fee waiver offer for precious metal trading
- Currently USD1/lot per transaction for precious metal of FX and Precious Metal Margin Trading Services & USD0.2/lot per transaction for precious metal of FX2 – FX and Precious Metal Trading Services.
- The commission fee waiver offer is calculated on a "per account basis".
- Customers cannot open/hold (a) Hang Seng FX and Precious Metal Margin Trading Service Account and (b) FX2 - FX and Precious Metal Trading Service Account at the same time.

Risk Disclosure of Capital Protected Investment Deposit

This is a structured product involving derivatives. The investment decision is yours but you should not invest in the Capital Protected Investment Deposit unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives. Investor should read the Important Facts Statement of the relevant investment type, the relevant term sheet, Terms and Conditions and risk disclosure statement before making any investment decision.
Investor should note that this product is not normal time deposit and thus should not be considered as normal time deposit or its alternative.
This product is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
Investment in this product is subject to the credit risk of the Bank.
Renminbi (RMB) is subject to foreign exchange control by the PRC government and thus investors investing in the Currency-Linked Capital Protected Investment Deposit involving RMB are subject to the currency risk of RMB.

Risk Disclosure of MaxiInterest Investment Deposit

This is a structured product involving derivatives. The investment decision is yours but you should not invest in the MaxiInterest Investment Deposit unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives. Investors should read the relevant Important Facts Statement, Terms and Conditions and risk disclosure statement before making any investment decision.
Investors should note that this product is not capital protected and is not a normal time deposit, and thus should not be considered as normal time deposit or its alternative.
Earnings on this product are limited to the nominal interest payable. As the principal and the earning will be paid in the Deposit Currency or the Linked Currency, whichever has depreciated against the other, investors will have to bear the potential losses due to currency depreciation, which may be substantial. If the product is withdrawn before maturity, investors will also have to bear the costs involved. Such losses and costs may reduce the earnings and the principal amount of this product. Investors should seek professional advice where necessary. The relevant Terms and Conditions of this product are available upon request to the staff of the Bank.
This product is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
Investment in this product is subject to the credit risk of the Bank.
Renminbi (RMB) is subject to foreign exchange control by the PRC government and thus investors investing in the MaxiInterest Investment Deposit involving RMB are subject to the currency risk of RMB.

Risk Disclosure of FX and Precious Metal Margin Trading Services

The risk of loss in leveraged foreign exchange and precious metal trading can be substantial. You may sustain losses in excess of your initial margin funds. Placing contingent orders, such as “stop-loss” or “stop-limit” orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your Account. You should therefore carefully consider whether FX and precious metal margin trading is suitable for you in light of your own financial position and investment objectives.
Renminbi (RMB) is subject to foreign exchange control by the PRC government. If your Margin Trading Contract involves Offshore Renminbi, you will be subject to foreign control and currency risk of RMB.
Trading on an electronic trading system may differ from trading on other trading systems or platforms. You will be exposed to risks associated with the system including the failure of hardware and software, which could result in your order not being executed according to your instructions or at all.
Investment involves risks. The above risk disclosure cannot disclose all the risks involved. You should read and understand all the relevant documents and risk disclosure (in particular, the Risk Disclosure Statement contained in the relevant application form) before making any investment decision.
If you are uncertain of or do not understand the nature of and the risks involved in leveraged foreign exchange and precious metal trading, you should seek independent professional advice.

Risk Disclosure of FX2 - FX and Precious Metal Trading Services

Foreign exchange and precious metal trading involves a high degree of risk. You may sustain a substantial or even total loss of your initial collateral. Under certain market conditions, you may find it difficult or impossible to liquidate a position of outstanding FX2 Trading Contracts. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, will not necessarily limit your loss at the designated price. In extreme circumstances whereby the market moves significantly against your positions, you may be required to make additional deposits or interest payments within a short period of time to maintain your positions. If you fail to provide the required deposits or interest payments immediately, your positions under all outstanding FX2 Trading Contracts may be closed out without prior notice. You should therefore carefully consider if foreign exchange and precious metal trading is suitable for you in light of your own financial position and investment objectives.
Renminbi (“RMB”) is subject to foreign exchange control by the PRC government. If your FX2 Trading Contract involves offshore RMB, you will be subject to foreign control and currency risks of RMB.
Trading on an electronic trading system may differ from trading on other trading systems or platforms. You will be exposed to risks associated with the system including the failure of hardware and software, which could result in your order not being executed according to your instructions or at all.
Investment involves risks. The above risk disclosure cannot disclose all the risks involved. You should read and understand all the relevant documents and risk disclosure (in particular, the Risk Disclosure Statement contained in the relevant application form) before making any investment decision.
If you are uncertain of or do not understand the nature of and the risks involved in leveraged foreign exchange and precious metal trading, you should seek independent professional advice.

The contents of this promotion page have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to this promotion page.