80th Anniversary Securities Welcome Offers Earn $100 Cash Coupon with New Fund Deposit

To celebrate our 80th Anniversary, from 1 Feb 2013 till 31 Dec 2013, customers open new securities accounts with us can enjoy a series of fabulous offers2, helping you to minimize the investment expenses!

Earn $100 Cash Coupon with New Fund Deposit4

Customers set up "New Fund" fixed deposit, together with opening new securities accounts and registering e-statement at the same time, a $100 supermarket cash coupon will be offered to you.

A Trio of Welcome Offers
Offer 1: Brokerage Rate Discount as low as 0.08%5

During promotion period, customers open securities account with any other bank's or securities firm's transaction statements, whatever the brokerage rate provided by other bank or securities firm, our Bank will offer customers a further discount, the brokerage rate is as low as 0.08%. The offer has no expiry date!

Brokerage rate provided by other bank or securities firm Brokerage rate we offer
Automated Channel
(Net Banking / Automated Securities Trading Service) 		Manned Channel
(Securities Service Counter / Manned Trading Hotline)
0.220% or above 0.18% 0.20%
0.200%-0.219% 0.16% 0.18%
0.180%-0.199% 0.14% 0.16%
0.160%-0.179% 0.13% 0.14%
0.140%-0.159% 0.11% 0.13%
0.120%-0.139% 0.10% 0.11%
0.090%-0.119% 0.08% 0.09%

 

Offer 2: Shares Transfer-In Rebate Offer6

Within the first 3 months upon opening securities accounts, customers who transfer stocks from other bank or securities firm to the securities accounts in our Bank can get the stocks withdrawal fee charged by other bank or securities firm rebated (if any). The maximum rebate amount is $500.

Offer 3: Buy Side Brokerage Fee waiver Offer7

Within the first 3 months upon opening securities accounts, customers can enjoy brokerage fee waiver for $800,000 turnover of buy side transactions via electronic channels.

Steps
 
1. Bring the following CMB Wing Lung Bank information to other bank/brokerage firm which you will transfer the shares from:
CCASS Participant ID B01156
CMB Wing Lung Bank Contact Person Miss Lau
Contact Number (852) 3508 0050

 

2. Obtain the following information of other bank/brokerage firm
CCASS Participant ID  
Contact Person  
Contact Number  

 

3. Visit any of our branches to apply for shares transfer-in service
 
 

Enquiry Hotline:230 95555

Terms & Conditions:
  1. The promotion period runs from 1 Feb 2013 till 31 December 2013.
  2. The offers are only applicable to "New securities customers". "New securities customers" refer to those who have not maintained or closed any securities account (single/joint) with the Bank during the promotion period. The Welcome Offers are only applicable to the accounts that are activated during the promotion period. Process of securities account opening will be completed in 3 working days from the day when all required documents have been submitted to the Bank.
  3. The offers are applicable to cash securities account and margin securities account only, with the exception of "Multi-Trade" securities account.
  4. Related to "Earn $100 Cash Coupon with New Fund Deposit":
    1. New or existing customers who set up "New Fund" fixed deposit and open new securities accounts will be entitled to this offer.
    2. To be eligible to this offer, customers will need to open securities account, register e-statement and set up "New Fund" fixed deposit at the same time.
    3. "New Fund" definition: "New Funds" include funds newly deposited into the Bank within 3 days from the fixed deposit placed by cash, cheque, cashier's order, inward CHATs, Telegraphic Transfer ("T/T") and existing funds converted from HKD to foreign currencies. It excludes fund transfer from same currency account.
    4. The bank will mail the $100 supermarket cash coupon to customers within the next calendar month after successful e-statement registration.
  5. Related to "Brokerage Rate Discount as low as 0.08%":
    1. Customers are entitled to this offer if they can show the original copy of securities statements (for the last 3 months) with the information of the stock transactions (must list at least one transaction with detailed information, including but not limited to the stock name, transaction amount and executed price) issued by other banks or securities firms, and also apply for credit cards or transfer cash/shares with aggregated value of HK$50,000 or above at the time of account opening.
    2. Once the existing CMB Wing Lung Bank Credit Card holders open a securities account with us during the promotion period, they are eligible to this offer and are waived for transferring cash/shares.
    3. If there is no brokerage rate clearly shown on the securities statement, the Bank will calculate the brokerage rate based on the brokerage amount divided by the transaction amount as shown on the statement and use the brokerage conversion table to determine the brokerage rate of the new securities account.
    4. If there is more than one transaction charged with different brokerage rate, the Bank will make the calculations based on the transaction with the highest brokerage rate.
    5. If other banks or securities firms are providing short-term promotion offers (if any) to the customers, the brokerage rate as shown on the statement will not be used to determine the brokerage rate of the new securities account. The Bank will then treat the brokerage rate provided by others as 0.25%.
    6. Should there be any disputes relating to the calculation of brokerage rate thereof, the Bank's explanation and decision shall be final.
    7. Transaction is subject to the minimum brokerage charges applied to various transaction channels regardless of the brokerage rate.
    8. The method of calculating the aggregated value of transferred-in shares: the Bank will treat the application date which customers submit the instruction(s) for portfolio transfer of transfer-in of local stocks (the application date shown on the form of "Customer Deposit / Withdrawal Instructions" which signed by customers) as the shares deposit day. The value of the shares is equal to the quantity of shares deposited multiplies by the closing price of the relevant stock in the trade day previous to the share deposit day. (Example: If a customer submits instruction on 28 Feb 2013, the Bank will take the closing price on 27 Feb 2013 of the stock as the reference price.)
    9. If the required shares cannot successfully settle into the securities account or customers cannot successfully apply credit cards within 3 months (i.e. the account activation month and the following 2 months) after the account activation, the Bank has the right to terminate the "Brokerage Rate Discount as low as 0.08%" Offer and resumes the brokerage rate of the securities account into standard brokerage rate of 0.25%.
  6. Related to Shares Transfer-In Rebate Offer:
    1. The maximum rebate amount is $500.
    2. Shares must be transferred to the securities account in our bank during the first 3 months upon account activation (i.e. the account activation month and the following 2 months). This rebate offer is only applicable to shares transferred to our bank from other custodians (must be in form of non-physical scrip and listed on HKEx only) via Central Clearing and Settlement System (CCASS). The market value of each transferred stock must be HK$50,000 or above.
    3. This is an one-off rebate and each securities account can enjoy this rebate once only. The rebate amount will be based on the handling fee charged by other custodian as shown on the statement/receipt. If customers want to get rebate on more than one stock, customers need to submit transfer instructions of all the stocks at the same time.
    4. Customers have to pay the shares withdrawal handling fee to other custodian upfront and provide the true copies of statement/receipt showing the handling fee to us after the shares have been transferred to our bank successfully. The rebate amount will be deposited to customer's settlement account within the following month after we have received the statement/receipt of other custodian. Customers must have valid securities account and settlement account when cash rebate is deposited.
    5. If customers withdraw the shares from the securities account in our bank within 3 months after the shares have been transferred in (excluding selling of the shares), customers have to pay the shares withdrawal fee and return the rebate amount.
  7. Related to Buy Side Brokerage Fee waiver Offer:
    1. During the first 3 months upon account activation (i.e. the account activation month and the following 2 months), customers conducting buy side transactions via electronic channels (include Net Banking and Automated Securities Trading Service) can enjoy $0 brokerage fee for $800,000 turnover. If the total turnover via electronic channels is over $800,000, the rebate amount will be calculated on pro-rata basis.
      For example: Assume brokerage rate of electronic channels is 0.25%, minimum charge is $80

      Total turnover via electronic channels (HKD) Brokerage Paid Upfront (HKD) Brokerage Rebate (HKD)
      $1,000,000 $2,500
      [$1,000,000x0.25%]       		$2,000
      [$800,000÷$1,000,000x$2,500]

      ​

    2. The brokerage fee will be debited to customer's settlement account upfront. All brokerage fee will be rebated in form of HKD currency; any Renminbi-denominated brokerage fee will be converted to HKD by CNY�D1=HK$1. The total amount of brokerage rebate will be credited to the relevant HKD settlement account in the form of cash rebate within the following month when offer expired. Customers must have valid securities account and settlement account when cash rebate is deposited.

General Terms & Conditions:
  1. The Bank reserves the right to suspend, amend, or terminate any offers, and/or amend the Terms and Conditions thereof at any time without prior notice. Should there be any disputes relating to the offers and the Terms and Conditions thereof, the Bank's explanation and decision shall be final.
  2. Customer can enjoy other securities brokerage rebate offers simultaneously. The bank will calculate the rebate amount under various offers on each month separately for comparison, only one of the offers with the highest rebate amount will be given to customer.
  3. For information relating to the Terms and Conditions, service charges and promotional offers of our securities service, please refer to our latest promotional leaflets and Securities Service Charge Schedule.
  4. If there is any discrepancy between the English and Chinese versions, the Chinese version shall prevail.

Risk Disclosure:
  • The above information does not constitute and should not be regarded as any recommendation, offer or solicitation to purchase or sell any securities. 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.

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