The promotional period of $0 Buy & Sell Order Brokerage in the first 3 months for New Customer (“This Offer”) is from 1st February 2023 to 28th February 2023 (both dates inclusive) (“Promotional Period”). Eligible Customer (refer to clause 2 of this Terms and Conditions) must successfully open i Trade Securities Account on or before 28th February 2023 in order to enjoy This Offer.
This Offer is only applicable to new securities customer who opens i Trade Securities Account of CMB Wing Lung Bank (“the Bank”) during the Promotional Period. New securities customer refers to customer who maintains valid i Trade Securities Account opened during the Promotional Period, and has not maintained or cancel any securities account in sole or joint names account with the Bank on or after 1st February 2022, and cannot cancel, terminate or close any securities account of the Bank during the Promotional Period (“Eligible Customer”).
Eligible Customer must register for Securities e-Statement Services when opening i Trade Securities Account.
Eligible Customer who buys or sells HK Stocks through electronic channels (include CMBWLB Wintech mobile banking services, CMB Wing Lung NET Securities Services and CMB Wing Lung Automated Securities Services) in the first 3 months counted from the day of the i Trade Securities Account takes effect ("Rebate Period") can get the brokerage rebated. For example, if the i Trade Securities Account takes effect on 12th February 2023, Eligible Customer can enjoy brokerage rebate for trading HK Stocks through electronic channels of the bank during the rebate period from 12th February 2023 to 12th May 2023 (both dates inclusive).
For each Eligible Customer, the maximum amount of Brokerage Rebate is HKD 10,000 during the Promotional Period.
Eligible Customer who trades HK Stocks (except clause 9) through electronic channels can enjoy privileged brokerage rate. For CMB Wing Lung Sunflower Customer, CMB Wing Lung Private Wealth Management Customer and CMB Wing Lung Private Banking Client, the brokerage rate is 0.15%; and that for other customer is 0.18% (the brokerage rate is based on transaction amount of each order and with no minimum brokerage). For the brokerage of other trading channels and the relevant offers and terms and conditions of i Trade Securities Account, please refer the promotional leaflet of i Trade Securities Account Offer.
Eligible Customer shall pay brokerage first in full according to the pre-defined brokerage rate of Securities Account. The Bank will deposit the brokerage rebate to the settlement account (for Cash Securities Trading Account) or securities account (for Margin Securities Trading Account) of the Eligible Customer within the next calendar month after the Promotional Period. All securities accounts and the settlement accounts of the Eligible Customer must be still valid when brokerage rebate is deposited.
If the HK Stock traded is not settled in Hong Kong Dollar, the relevant brokerage rebate will be converted to the equivalent Hong Kong Dollar and deposited to the settlement account (for Cash Securities Trading Account) or securities account (for Margin Securities Trading Account). The exchange rate is determined by the Bank from time to time.
The HK Stock bought through Securities Savings Scheme is not applicable to This Offer.
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.
(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.
Eligible Customer should still pay other fees of the Bank and/or transaction fees, including but not limit to settlement fee, trading free, transaction levy and stamp duty, etc. For more details, please refer to Securities Service Charges on “CMB Wing Lung Bank Tariff Guide” and “Global Securities Trading Services Charges Schedule”.
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 e-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, “CMB Wing Lung Bank Tariff Guide” and “Global Securities Trading Services Charges Schedule”.
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!
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.
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.45 Des Voeux Road Central, Hong Kong. Fax no. 2782 3895)