US Stocks Offer for New Customer Terms and Conditions

Brokerage Rebate of Buying US Stocks for New Customer

  1. The promotional period of Brokerage rebate offer for buying US Stocks (“this Offer”) is from 1st April 2022 to 31st December 2022 (“Promotion Period”).
  2. This Offer is applicable to securities customers of CMB Wing Lung Bank (“the Bank”) who register US Securities Services within the promotion period, and have not registered US Securities Services before 1st April 2022 (“Eligible Customer”).
  3. Eligible Customer who conducts US Stocks buy transaction via CMBWLB Wintech mobile application (“Wintech”) or NET securities services (“Eligible Transaction”) within the calendar month of successful registration on US Securities Services and the following two calendar months (“first 3 calendar months”) (“Rebate Period”) can enjoy US Stocks buy brokerage rebate within the Rebate Period (“Brokerage Rebate”). Each eligible customer can enjoy the maximum Brokerage Rebate of USD300 within the promotion period.
  4. Trading US Stocks via Wintech or NET Securities Services, the brokerage rate is 0.25%, minimum brokerage is USD15.
  5. Eligible Customer shall pay brokerage first in full according to the pre-defined brokerage rate of Securities Account. The Bank will calculate the Brokerage Rebate after the rebate period. The relevant Brokerage Rebate (if any) will be deposited to the securities account in USD of the Eligible Customer within the next calendar month after the rebate period. All securities accounts and the settlement accounts of the Eligible Customer must be valid still when Brokerage Rebate is deposited.
  6. Eligible Customer cannot enjoy other offers related to securities services such as brokerage, cash, interest or (electronic) coupon rebate or other offers offered by the Bank simultaneously. The Bank will calculate the rebate/ (electronic) coupon amount of each offer applied on an individual account each calendar month for comparison, only one of the offers with the highest value will be given to the Eligible Customer. The Bank's decision shall be final and conclusive.

General Terms and Conditions:

  1. (Applicable to Margin Securities Trading Account) If the Margin Securities Trading Account was liquidated forcibly by the Bank during the Promotional Period (e.g. the account maintains insufficient margin causing the Bank to liquidate forcibly of all or part of the securities), such account will not be eligible for any offer or brokerage rebate from that calendar month.
  2. Eligible Customer trading US Stocks is also required to pay for other transaction fees including but not limited to transaction fees collected by overseas stock exchange or stock brokers, settlement fees charged by overseas securities clearing system, services fees charged by securities custody or securities transaction sales tax charged by overseas Government, etc. If there is any update, the Bank will charge customers according to the latest charge schedule determined by corresponding organization. For details, please refer to Global Securities Trading Services Charges Schedule of the Bank.
  3. The Bank reserves the right to suspend, amend, terminate or cancel any offers, rewards, brokerage rebate and/or amend these Terms and Conditions at any time without further notice. Should there be any disputes of the Terms and Conditions of This Offer, the Bank reserves the final right of explanation and decision. For details of these Terms and Conditions, service charges and promotional offers of the Bank's securities services, please refer to the relevant promotional leaflets, Securities Services Charges on the General Banking and CMB Wing Lung Sunflower Service Charges and Global Securities Trading Services Charges Schedule.
  4. In case of discrepancies between the English and Chinese versions of these Terms and Conditions, the Chinese version shall prevail.

Warning: To borrow or not to borrow? Borrow only if you can repay!


Risk disclosure:

The above information is for reference only and does not constitute and should not be regarded as any offer to purchase or sell. Investment involves risks and the price of securities may fluctuate or even become worthless. Losses may be incurred rather than making a profit as a result of dealing in securities. You should carefully and independently consider whether the securities are suitable for you in light of your investment experience, objectives, financial position and risk profile. This advertisement has not been authorized by the Securities and Futures Commission. Independent professional advice should be obtained if necessary. Please read the relevant terms and conditions together with the risk disclosure statements in the General Conditions for Accounts and Services before making any investment decisions.

The risk of loss associated with the volatile movement in foreign exchange market can be substantial. Participants should have a thorough understanding of the market and should be aware of the risk of foreign exchange investment.


Statement:

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CMB Wing Lung Bank Limited