Terms and Conditions for Hang Seng FX and Precious Metal Margin Trading Services – Cash Reward Offers for Selected Customers:
- The Promotion Period is from 1 October 2021 to 31 December 2021, both dates inclusive ("Promotion Period").
- The offers are only applicable to customers with Hang Seng FX and Precious Metal Margin Trading Services Account or Hang Seng Advanced FX and Precious Metal Margin Trading Services Account or Hang Seng FlexiForex / ProForex Trading Services Account (“Eligible Account”), who do not have any FX and Precious Metal Margin transactions between 1 January 2018 and 30 September 2021 according to the Bank’s record (the “Selected Customers”).
- The offers below are calculated on a "per account basis".
- The total amount of cash reward entitled will be calculated based on the total investment amount of all eligible investment transactions. Match and square transactions, conditional orders and mark-cut orders are not eligible and will not be taken into account in determining the investment amount. The value of any cancelled or unsuccessful transactions will be excluded. If the currency of the eligible investment transaction is non-Hong Kong dollar, the Bank will convert the relevant investment amount into Hong Kong dollars at the exchange rate determined by the Bank on the last trading day of December 2021 to calculate the investment amount of the eligible investment transaction in HKD.
- The Bank will credit the cash reward entitled in one lump sum into the Hong Kong Dollar settlement account of Eligible Account of the Selected Customer on or before 31 March 2022. The Eligible Account must remain valid when the relevant cash reward is credited.
- No person other than the Selected Customer 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.
- Unless otherwise specified, the offers below cannot be used in conjunction with other FX and Precious Metal Margin Trading Services offers of the Bank and are not applicable to private banking customers of the Bank.
- The Bank reserves the right to suspend, revise or terminate this promotion and the offers below and to amend these Terms and Conditions at any time without prior notice. The decision of the Bank on all matters relating to the above promotion and the offer shall be final and 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.
- Selected Customers who successfully complete FX and Precious Metal Margin Trade through Hang Seng Personal e-Banking or Hang Seng Personal Banking Mobile App during the Promotion Period are entitled to cash reward of HKD50 on every investment amount of HKD 500,000 of successful FX and Precious Metal Margin Trade, with no upper limit on the amount of cash reward that can be enjoyed.
- Selected Customers who successfully complete FX and Precious Metal Margin Trade through Hang Seng Personal e-Banking or Hang Seng Personal Banking Mobile App during the Promotion Period are entitled to cash reward of HKD50 for completing the first successful FX and Precious Metal Margin Trade.
Offer 1: Cash reward of HKD50 on every investment amount of HKD 500,000 of successful FX and Precious Metal Margin Trade
Offer 2: One-off cash reward of HKD50 for 1st FX and Precious Metal Margin Trade
Example （for illustrative purpose only）:
| Total investment amount of FX and Precious Metal Margin Trade between 1 October 2021 and 31 December 2021 | (a) Cash reward entitled under Offer 1 | (b) Cash reward entitled under Offer 2 | Total cash reward entitlement |
| HKD 2,500,000 | HKD50 + HKD50 + HKD50 + HKD50 + HKD50 = HKD 250 | HKD50 | HKD250 + HKD50 = HKD300 |
Risk Disclosure of FX and Precious Metal Margin Trading
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.
The contents of the promotion webpage have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the promotion webpage.