保證金證券迎新優惠之條款及細則：

  1. 保證金證券迎新優惠（「本優惠」）之推廣期為2022年4月1日至2022年6月30日（包括首尾兩天）（「推廣期」）。合資格客戶（見本條款及細則第2條）須於2022年6月30日或之前成功開立新保證金證券交易賬戶方可享有本優惠。
  2. 本優惠只適用於推廣期內開立招商永隆銀行（「本行」）新保證金證券交易賬戶之新保證金證券客戶。新保證金證券客戶指客戶需於推廣期內開立及維持有效之新保證金證券交易賬戶，以及並未於緊接開戶前的過去12個月內以個人或聯名形式持有本行保證金證券交易賬戶，及不能於推廣期內取消、終止或結束其持有的任何本行保證金證券交易賬戶（「合資格客戶」）。
  3. 如合資格客戶已持有現金證券交易賬戶或現金（抵押）證券交易賬戶，另開立新保證金證券交易賬戶亦可享有本優惠。
  4. 優惠一「首3個月港元100萬免息貸款體驗」：
    1. 合資格客戶並為本行招商永隆「金葵花理財」客戶或一般客戶(招商永隆「私人財富管理」及招商永隆「私人銀行」客戶除外)於新保證金證券交易賬戶生效當個公曆月及其後兩個公曆月(「首3個曆月」) （「回贈期」）內曾經本行進行保證金證券貸款交易，可獲回贈於回贈期內已繳付之利息（「回贈」）。整個回贈期內之回贈上限為首港幣100萬元已使用貸款金額之已付貸款利息，已使用的貸款金額將按回贈期內平均每月保證金證券貸款金額計算。如在整個回贈期之平均每月保證金證券貸款金額為港幣100萬元或以下，可獲全數利息回贈。如在整個回贈期之平均每月保證金證券貸款金額為港幣100萬元以上，則可獲回贈首港幣100萬元貸款金額之利息。
      保證金證券貸款利息回贈例子(例子僅供參考)如下:
      例子 回贈期內平均每月保證金證券貸款金額 貸款年利率 利息回贈月數 回贈期內利息收取 回贈
      A 港幣50萬元 4.25% 3個月 約港幣5,312元 約港幣5,312元
      B 港幣100萬元 4.25% 3個月 約港幣10,625元 約港幣10,625元
      C 港幣150萬元 4.25% 3個月 約港幣15,938元 約港幣10,625元
    2. 合資格客戶須先按新保證金證券交易賬戶原設之年利率及經紀佣金率繳付全數利息及經紀佣金，回贈將於回贈期完結後之下一個公曆月內存入合資格客戶的新保證金證券交易賬戶。於本行存入回贈時，合資格客戶的所有結算賬戶及新保證金證券交易賬戶必須仍然有效方可獲得回贈。
    3. 如買賣之證券並非以港元結算，有關的回贈將折算成等值港元存入新保證金證券交易賬戶，折算匯率由本行不時酌情釐定。
    4. 透過「月月Save」股票儲蓄計劃買入之港股不適用於本優惠。
    5. 合資格客戶不可同時享有與本行其他證券服務相關之經紀佣金、現金、利息或禮券回贈或其他優惠，本行將按每個證券交易賬戶於每項優惠下，每個公曆月所得之回贈金額／禮券總值獨立計算並作出比較，只取其中最高金額之一項優惠作回贈。本行保留最終決定權。
  5. 優惠二「貸款年利率P-1%」：合資格客戶開立新保證金證券交易賬戶，可享貸款年利率P-1%優惠，優惠直至另行通知。P為本行港元最優惠貸款利率（年利率），並會隨市況調整，有關本行最新之港元最優惠貸款利率（年利率），請瀏覽本行網頁（主頁＞個人銀行＞投資＞財經情報＞利率＞港元最優惠貸款利率）或致電本行查詢熱線230 95555。若以現時本行港元最優惠貸款利率（年利率）5.25%計，貸款年利率即4.25%。
  6. 優惠三「轉入港股享現金獎賞高達$100,000」：
    1. 合資格客戶於推廣期內向本行提交證券轉入指示, 並於2022年6月30日或之前成功從其他金融機構轉入證券至本行,方可獲享本優惠。
    2. 此優惠只計算由其他金融機構同名賬戶的證券轉入(即由客戶的單名轉至本行同一客戶的單名賬戶或由客戶的聯名轉至其本行聯名賬戶之香港證券/美國證券/中國A股存入) (「合資格證券」)。
    3. 合資格客戶需於推廣期內成功存入證券達累計市值等值港幣10萬元或以上可獲享以下現金回贈。
      每戶優惠期內
      轉入證券累計市值 (等值港幣)      		 回贈金額
      (港幣)
      10萬元至50萬元以下 50元
      50萬元至100萬元以下 250元
      100萬元至500萬元以下 500元
      500萬元至1,000萬元以下 2,500元
      1,000萬元至2,000萬元以下 5,000元
      2,000萬元至5,000萬元以下 8,000元
      5,000萬元至1億元以下 10,000元
      1億元至3億元以下 20,000元
      3億元至5億元以下 30,000元
      5億元或以上 100,000元
    4. 轉入證券之累計市值達港幣100,000元或以上，可獲享條款6.3內列明之回贈金額，累計市值不足港幣100,000元將不會獲得現金獎賞。轉入證券市值按成功存入日之上一個交易日之收市價計算。
    5. 如轉入之合資格證券並非以港元結算，有關的市值將折算成等值港元，匯率由本行不時酌情釐定。
    6. 本行會於2022年9月30日後計算合資格客戶於推廣期內累計轉倉存入之合資格證券之市值。有關之現金獎賞會於2022年10月31日或之前存入合資格客戶的結算賬戶（如屬現金證券交易賬戶）或證券賬戶（如屬保證金證券交易賬戶）。於本行存入現金回贈時，合資格客戶的所有結算賬戶及證券賬戶必須仍然有效方可獲得現金回贈。
    7. 若合資格客戶於轉倉存入合資格證券後，並於2022年9月30日或之前以實物或非實物形式提貨、或轉出至其他金融機構 （沽出除外），除須繳付提取證券費用外，還須退回此項現金獎賞。
    8. 有關其他金融機構就證券轉出所收取的任何費用均須由客戶承擔。
    9. 本行保留對所有證券轉入申請的最終及唯一批核權。轉入到本行之證券由本行代理人登記及持有。
  7. 優惠四「本行同名轉倉費用豁免」：由本行同名之現金證券交易賬戶或現金（抵押）證券交易賬戶提取證券並轉入至新保證金證券交易賬戶，有關之證券提取費可獲自動豁免。
  8. 如保證金證券交易賬戶曾遭本行「斬倉」（即賬戶未能按規定維持足夠保證金而被本行強行沽售部份或全部股份平倉），則由該公曆月起該賬戶將不再享有本優惠。有關之貸款年利率將按本行《一般銀行及招商永隆「金葵花理財」服務收費》上的證券服務收費表的標準保證金貸款息率收取。
  9. 本行保留隨時暫停、更改、終止或取消本優惠及／或修訂其條款及細則之權利，無須另行通知。如對本優惠及其任何條款或條件有任何爭議，本行保留最終解釋權及決定權。本行證券服務之條款、收費及優惠詳情，請參閱有關服務之宣傳單張及參考《一般銀行及招商永隆「金葵花理財」服務收費》上的證券服務收費表。
  10. 本條款及細則之中英文版本如有任何歧異，概以中文版本為準。

忠告：借定唔借？還得到先好借！

風險披露

以上資料只供參考，並不構成及不應被視為對任何人作出認購或出售的要約。投資涉及風險，證券價格可升可跌，甚至變成毫無價值。買賣證券未必一定能夠賺取利潤，亦可能會招致損失。投資者應根據本身投資經驗、投資目標、財務狀況及承擔風險程度等因素去衡量是否適合投資於該證券上。本廣告並沒有獲證券及期貨事務監察委員會認可。若有需要，請諮詢獨立專業建議。投資者作出任何投資決定前，應詳細閱讀有關之章則及條件與《賬戶及服務一般條款》內的風險披露聲明。

藉存放抵押品而為交易取得融資的虧損風險可能極大。您所蒙受的虧蝕可能會超過您存放於本行作為抵押品的現金及任何其他資產。市場情況可能使備用買賣指示，例如「止蝕」或「限價」指示無法執行。您可能會在短時間內被要求存入額外的保證金款額或繳付利息。假如您未能在指定的時間內支付所需的保證金款額或利息，您的抵押品可能會在未經您的同意下被出售。此外，您將要為您的賬戶內因此而出現的任何短欠數額及需繳付的利息負責。因此，您應根據本身的財政狀況及投資目標，仔細考慮這種融資安排是否適合您。

在某些市況下，您可能會發現難以或者不能平倉。在這種情況下，您的損失將不僅限於您的保證金，可能是額外大量金額。您不應該參與保證金交易，除非您願意承擔這類交易相關的風險，並在財務上能夠接受損失。

聲明

根據《個人資料（私隱）條例》，閣下可隨時選擇不再收取本行之宣傳單張，如有需要，請按此或以書面形式通知本行的資料保護主任，（地址：香港中環德輔中45號，招商永隆銀行有限公司，資料保護主任。傳真：2782 3895），此項安排不另收費。

保证金证券迎新优惠之条款及细则：

  1. 保证金证券迎新优惠（「本优惠」）之推广期为2021年11月1日至2021年12月31日（包括首尾两天）（「推广期」）。合资格客户（见本条款及细则第2条）须于2021年12月31日或之前成功开立新保证金证券交易账户方可享有本优惠。
  2. 本优惠只适用于推广期内开立招商永隆银行（「本行」）新保证金证券交易账户之新保证金证券客户。新保证金证券客户指客户需于推广期内开立及维持有效之新保证金证券交易账户，以及并未于紧接开户前的过去12个月内以个人或联名形式持有本行保证金证券交易账户，及不能于推广期内取消、终止或结束其持有的任何本行保证金证券交易账户（「合资格客户」）。
  3. 如合资格客户已持有现金证券交易账户或现金（抵押）证券交易账户，另开立新保证金证券交易账户亦可享有本优惠。
  4. 优惠一「首3个月港元100万免息贷款体验」：
    1. 合资格客户并为本行招商永隆「金葵花理财」客户或一般客户(招商永隆「私人财富管理」及招商永隆「私人银行」客户除外)于新保证金证券交易账户生效当个公历月及其后两个公历月(「首3个历月」) （「回赠期」）内曾经本行进行保证金证券贷款交易，可获回赠于回赠期内已缴付之利息（「回赠」）。整个回赠期内之回赠上限为首港币100万元已使用贷款金额之已付贷款利息，已使用的贷款金额将按回赠期内平均每月保证金证券贷款金额计算。如在整个回赠期之平均每月保证金证券贷款金额为港币100万元或以下，可获全数利息回赠。如在整个回赠期之平均每月保证金证券贷款金额为港币100万元以上，则可获回赠首港币100万元贷款金额之利息。
      保证金证券贷款利息回赠例子(例子仅供参考)如下:
      例子 回赠期内平均每月保证金证券贷款金额 贷款年利率 利息回赠月数 回赠期内利息收取 回赠
      A 港币50万元 4.25% 3个月 约港币5,312元 约港币5,312元
      B 港币100万元 4.25% 3个月 约港币10,625元 约港币10,625元
      C 港币150万元 4.25% 3个月 约港币15,938元 约港币10,625元
    2. 合资格客户须先按新保证金证券交易账户原设之年利率及经纪佣金率缴付全数利息及经纪佣金，回赠将于回赠期完结后之下一个公历月内存入合资格客户的新保证金证券交易账户。于本行存入回赠时，合资格客户的所有结算账户及新保证金证券交易账户必须仍然有效方可获得回赠。
    3. 如买卖之证券并非以港元结算，有关的回赠将折算成等值港元存入新保证金证券交易账户，折算汇率由本行不时酌情厘定。
    4. 透过「月月Save」股票储蓄计划买入之港股不适用于本优惠。
    5. 合资格客户不可同时享有与本行其他证券服务相关之经纪佣金、现金、利息或礼券回赠或其他优惠，本行将按每个证券交易账户于每项优惠下，每个公历月所得之回赠金额／礼券总值独立计算并作出比较，只取其中最高金额之一项优惠作回赠。本行保留最终决定权。
  5. 优惠二「贷款年利率P-1%」：合资格客户开立新保证金证券交易账户，可享贷款年利率P-1%优惠，优惠直至另行通知。P为本行港元最优惠贷款利率（年利率），并会随市况调整，有关本行最新之港元最优惠贷款利率（年利率），请浏览本行网页（主页＞个人银行＞投资＞财经情报＞利率＞港元最优惠贷款利率）或致电本行查询热线230 95555。若以现时本行港元最优惠贷款利率（年利率）5.25%计，贷款年利率即4.25%。
  6. 优惠三「转入证券享现金奖赏高达$100,000」：
    1. 合资格客户于推广期内向本行提交证券转入指示, 并于2022年6月30日或之前成功从其他金融机构转入证券至本行,方可获享本优惠。
    2. 此优惠只计算由其他金融机构同名账户的证券转入(即由客户的单名转至本行同一客户的单名账户或由客户的联名转至其本行联名账户之香港证券/美国证券/中国A股存入) (「合资格证券」)。
    3. 合资格客户需于推广期内成功存入证券达累计市值等值港币10万元或以上可获享以下现金回赠。
      每户优惠期内
      转入证券累计市值 (等值港币)      		 回赠金额
      (港币)
      10万元至50万元以下 50元
      50万元至100万元以下 250元
      100万元至500万元以下 500元
      500万元至1,000万元以下 2,500元
      1,000万元至2,000万元以下 5,000元
      2,000万元至5,000万元以下 8,000元
      5,000万元至1亿元以下 10,000元
      1亿元至3亿元以下 20,000元
      3亿元至5亿元以下 30,000元
      5亿元或以上 100,000元
    4. 转入证券之累计市值达港币100,000元或以上，可获享条款6.3内列明之回赠金额，累计市值不足港币100,000元将不会获得现金奖赏。转入证券市值按成功存入日之上一个交易日之收市价计算。
    5. 如转入之合资格证券并非以港元结算，有关的市值将折算成等值港元，汇率由本行不时酌情厘定。
    6. 本行会于2022年9月30日后计算合资格客户于推广期内累计转仓存入之合资格证券之市值。有关之现金奖赏会于2022年10月31日或之前存入合资格客户的结算账户（如属现金证券交易账户）或证券账户（如属保证金证券交易账户）。于本行存入现金回赠时，合资格客户的所有结算账户及证券账户必须仍然有效方可获得现金回赠。
    7. 若合资格客户于转仓存入合资格港股后，并于2022年3月31日或之前以实物或非实物形式提货、或转出至其他金融机构 （沽出除外），除须缴付提取证券费用外，还须退回此项现金奖赏。
    8. 有关其他金融机构就证券转出所收取的任何费用均须由客户承担。
    9. 本行保留对所有证券转入申请的最终及唯一批核权。转入到本行之证券由本行代理人登记及持有。
  7. 优惠四「本行同名转仓费用豁免」：由本行同名之现金证券交易账户或现金（抵押）证券交易账户提取证券并转入至新保证金证券交易账户，有关之证券提取费可获自动豁免。
  8. 如保证金证券交易账户曾遭本行「斩仓」（即账户未能按规定维持足够保证金而被本行强行沽售部份或全部股份平仓），则由该公历月起该账户将不再享有本优惠。有关之贷款年利率将按本行《一般银行及招商永隆「金葵花理财」服务收费》上的证券服务收费表的标准保证金贷款息率收取。
  9. 本行保留随时暂停、更改、终止或取消本优惠及／或修订其条款及细则之权利，无须另行通知。如对本优惠及其任何条款或条件有任何争议，本行保留最终解释权及决定权。本行证券服务之条款、收费及优惠详情，请参阅有关服务之宣传单张及参考《一般银行及招商永隆「金葵花理财」服务收费》上的证券服务收费表。
  10. 本条款及细则之中英文版本如有任何歧异，概以中文版本为准。

忠告：借定唔借？还得到先好借！

风险披露

以上资料只供参考，并不构成及不应被视为对任何人作出认购或出售的要约。投资涉及风险，证券价格可升可跌，甚至变成毫无价值。买卖证券未必一定能够赚取利润，亦可能会招致损失。投资者应根据本身投资经验、投资目标、财务状况及承担风险程度等因素去衡量是否适合投资于该证券上。本广告并没有获证券及期货事务监察委员会认可。若有需要，请咨询独立专业建议。投资者作出任何投资决定前，应详细阅读有关之章则及条件与《账户及服务一般条款》内的风险披露声明。

藉存放抵押品而为交易取得融资的亏损风险可能极大。您所蒙受的亏蚀可能会超过您存放于本行作为抵押品的现金及任何其他资产。市场情况可能使备用买卖指示，例如「止蚀」或「限价」指示无法执行。您可能会在短时间内被要求存入额外的保证金款额或缴付利息。假如您未能在指定的时间内支付所需的保证金款额或利息，您的抵押品可能会在未经您的同意下被出售。此外，您将要为您的账户内因此而出现的任何短欠数额及需缴付的利息负责。因此，您应根据本身的财政状况及投资目标，仔细考虑这种融资安排是否适合您。

在某些市况下，您可能会发现难以或者不能平仓。在这种情况下，您的损失将不仅限于您的保证金，可能是额外大量金额。您不应该参与保证金交易，除非您愿意承担这类交易相关的风险，并在财务上能够接受损失。

声明

根据《个人资料（私隐）条例》，阁下可随时选择不再收取本行之宣传单张，如有需要，请按此或以书面形式通知本行的资料保护主任，（地址：香港中环德辅中45号，招商永隆银行有限公司，资料保护主任。传真：2782 3895），此项安排不另收费。

Terms and Conditions of Margin Securities Welcome Offers:

  1. 1.The promotional period of Margin Securities Welcome Offers (“this Offer”) is from 1st April 2022 to 30th June 2022 (both dates inclusive) (“Promotional Period”). Eligible Customer (refer to clause 2 of these Terms and Conditions) must successfully open new Margin Securities Trading Account on or before 30th June 2022 in order to enjoy this Offer.
  2. This Offer is only applicable to new margin securities customer who opens new Margin Securities Trading Account of CMB Wing Lung Bank (“the Bank”) during the Promotional Period. New margin securities customer refers to customer who maintains valid new Margin Securities Trading Account opened during the Promotional Period, and has not maintained Margin Securities Trading Account in sole or joint names account with the Bank within the past 12 months preceding the opening of new Margin Securities Trading Account, and cannot cancel, terminate or close any Margin Securities Trading Account of the Bank during the Promotional Period (“Eligible Customer”).
  3. If Eligible Customer has already maintained Cash Securities Trading Account or Cash (Pledged) Securities Trading Account, opening new Margin Securities Trading Account can also enjoy this Offer.
  4. Offer 1 “HKD 1 million Margin Financing Interest-Free Experience for the First 3 Months”:
    1. Eligible Customer who is CMB Wing Lung Sunflower or general customer (except CMB Wing Lung Private Wealth Management Customer and CMB Wing Lung Private Banking Customer) and has conducted margin securities financing transactions when the new Margin Securities Trading Account takes effect and the following 2 calendar months (first 3 calendar months) ("Rebate Period") can get the rebate of the interest paid during the Rebate Period (“Rebate”). The maximum amount of Rebate during the whole Rebate Period is the amount of interest paid for the first HKD1 million of used margin securities financing amount during the Rebate Period. The used margin securities financing amount will be calculated based on the average monthly margin securities financing amount during the rebate period. If the average monthly margin securities financing amount during the rebate period is HKD1 million or below, full interest will be rebated. If the average monthly margin securities financing amount during the rebate period is more than HKD1 million, the first HKD1 million margin securities financing amount of interest will be rebated.
      Examples of margin securities financing interest rebate (Examples are for reference only) are as follows:
      Examples Average monthly margin securities financing amount during the rebate period Lending Rate p.a. Interest Rebate Period Interest Paid Rebate Amount
      A HKD 500,000 4.25% 3 Months Approx. HKD 5,312 Approx. HKD 5,312
      B HKD 1,000,000 4.25% 3 Months Approx. HKD 10,625 Appro HKD 10,625
      C HKD 1,500,000 4.25% 3 Months Approx. HKD 15,938 Appro HKD 10,625
    2. Eligible Customer shall pay interest first in full according to the pre-defined annualized financing rate of the new Margin Securities Trading Account. The Bank will deposit the Rebate to the new Margin Securities Trading Account of the Eligible Customer within the next calendar month after the Rebate Period. All the settlement accounts and the new Margin Securities Trading Account of the Eligible Customer must be still valid when the Rebate is deposited.
    3. If the securities traded is not settled in Hong Kong Dollar, the relevant Rebate will be converted to the equivalent Hong Kong Dollar and deposited to the new Margin Securities Trading Account. The exchange rate is determined by the Bank from time to time.
    4. The HK Stock bought through Securities Savings Scheme is not applicable to this Offer.
    5. Eligible Customer cannot enjoy brokerage, cash, interest or coupon rebate or other offers of other related securities services offered by the Bank simultaneously. The Bank will calculate the rebate/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.
  5. Offer 2 “Annualized Margin Financing Rate P-1%”: Eligible Customer who opens new Margin Securities Trading Account can enjoy annualized margin financing rate P-1% offer until further notice. P is the HKD Best Lending Rate (p.a.) of the Bank subject to fluctuations. For the Bank's HKD Best Lending Rate (p.a.), please refer to the Bank's website (Home > Personal > Investment > Financial Information > Interest Rates > HKD Best Lending Rate) or contact the Bank's enquiry hotline at 230 95555. The annualized margin financing rate shall be 4.25% if the HKD Best Lending Rate of the Bank now is 5.25% p.a.
  6. Offer 3 “Cash Reward up to $100,000 for Securities Transfer-in”
    1. Eligible customer must submit the Securities Deposit Instruction through the Bank during the promotion period and successfully transfer securities from other financial institutions to the Bank on or before 30th June 2022, in order to enjoy this offer.
    2. This offer is only applicable to the Securities Transfer-in from customer’s account under the same name in other financial institutions (e.g. Hong Kong Stock/ US Stock / China A Shares Transfer from customer’s single name account into the single name account of the same customer at the bank or transfer from customer’s joint name account to his/her joint name account at the bank). (“Eligible Securities”)
    3. Eligible customer must successfully transfer-in securities with accumulated market value of HKD 100,000 or above during the promotion period to enjoy below cash reward. Cash reward(HKD)
      Accumulated market value of securities transfer-in by each account within promotion period (HKD equivalent)
      $100,000 to below $500,000 $50
      $500,000 to below $1 million $250
      $1million to below $5 million $500
      $5 million to below $10 million $2,500
      $10 million to below $20 million $5,000
      $20 million to below $50 million $8,000
      $50 million to below $100 million $10,000
      $100 million to below $300 million $20,000
      $300 million to below $500 million $30,000
      $500 million or above $100,000
    4. Cash Reward as stated in clause 6.3 will be given for accumulated market value of HKD100,000 or above of the Eligible Securities transferred in. No Cash Reward will be given if the market value does not reach HKD100,000. The market value of the Eligible Securities is calculated according to the closing price on the trade day previous to the day the securities is successfully transferred in.
    5. If the transfer-in Eligible Securities are not settled in Hong Kong Dollar, the relevant market value will be converted to the equivalent Hong Kong Dollar. The exchange rate is determined by the Bank from time to time.
    6. The Bank will calculate the accumulated market value of transfer-in Eligible Securities by Eligible Customer during the Promotional Period after 30th September 2022. The relevant Cash Reward will be deposited to the settlement accounts of the eligible customers (for Cash Securities Trading Account) or securities account (for Margin Securities Trading Account) on or before 31st October 2022. All the settlement accounts and Securities Trading Account of the Eligible Customer must be still valid when Cash Reward is deposited.
    7. If Eligible Customer withdraws the Eligible Securities in form of physical or non-physical scrip (excluding selling of the shares) on or before 30th September 2022 after transfer-in, it is required to pay the securities withdrawal fee and refund the Cash Reward of this Cash Reward.
    8. Any fees charged by the relevant financial institution(s) in respect of the Securities transfer-out shall be borne by the customer
    9. All Securities transfer-in instructions are subject to the final approval of the Bank at its sole and absolute discretion. Holdings of any Securities transferred to the Bank have to be registered and held in the name of the Bank’s nominee.
  7. Offer 4 “Waived Handling Fee for Securities Transferred under the Same Name within the Bank”: When the securities are transferred from Cash Securities Trading Account or Cash (Pledged) Securities Trading Account to new Margin Securities Trading Account under the same name within the Bank, the related withdrawal fee will be waived.
  8. If the Margin Securities Trading Account was liquidated forcibly by the Bank (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 this Offer from that calendar month. The relevant annualized margin financing rate will be charged according to the standard margin financing rate as stated on Securities Service Charges on the General Banking and CMB Wing Lung Sunflower Service Charges.
  9. The Bank reserves the right to suspend, amend, terminate or cancel this Offer 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 and Securities Services Charges on the General Banking and CMB Wing Lung Sunflower Service Charges.
  10. 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.

Transactions conducted through financing obtained through pledge loans are highly risky. The losses you may suffer could exceed the amount of the cash and other assets you have deposited as pledges with us. You could be asked within a short time to deposit extra margin or pay up for the interest. If you fail to pay the required margin or interest before the designated deadline, your pledge is likely to be sold without your consent. In addition, you are also liable for any shortage of fund in your account and for the interest due. Therefore, you are kindly advised to ponder if such financing arrangements suit your financial status and investment strategies.

Under certain market conditions, you may find it difficult or impossible to liquidate a position. In these circumstances, your loss will not be limited to your margin and may be a substantial amount in addition. You should not participate in margin trading unless you are willing to assume the risks associated with such transaction and are financially able to absorb losses.

Statement

According to the Personal Data (Privacy) Ordinance, you may, at any time and without charge, choose not to receive our future promotional materials. Please click here or inform us in writing in case of such a request to the Data Protection Officer. (Address: The Data Protection Officer, CMB Wing Lung Bank Limited, 45 Des Voeux Road Central, Hong Kong. Fax no. 2782 3895)