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Promotional Terms and Conditions

HSBC Premier welcome gifts - Credit card spending credit or Shangri-La Hotel vouchers
1.     The promotion period is from 8 July 2008 to 30 August 2008, both dates inclusive ("the Promotional Period").
2. To enjoy the promotional offers, customers must successfully open (or (where applicable) convert to) an Integrated Account - HSBC Premier with The Hongkong and Shanghai Banking Corporation Limited ("the Bank") in Hong Kong SAR ("the Account") as the principal account holder during the Promotional Period ("Eligible Customer").
3. The offers are not available to existing customers of Integrated Account - HSBC Premier (including sole Account Holder and all joint Account Holders) or customers who have terminated their Integrated Account - HSBC Premier since 8 January 2008.
4. For joint Accounts, only the principal Account holder is entitled to this promotional offer.
5. Eligible Customers who terminate or convert their Integrated Account - HSBC Premier to an Integrated Account - PowerVantage / SmartVantage before the relevant redemption letter is issued will not be entitled to this promotional offer.
6. The dates and amounts appearing in the Bank's records will be conclusive as to the date on which the Account was opened and amount of balances / transactions.
   
New Account Welcome Gift Promotion
7. A welcome gift of HK$500 credit card spending credit OR HK$700 worth of Shangri-La Hotels vouchers will be offered to each Eligible Customer who (i) opens or (where applicable) converts to an Account with a Total Relationship Balance ("TRB")* of HK$1,000,000 or above (or the equivalent in foreign currency) AND (ii) maintains a monthly average TRB of HK$1,000,000 or above (or the equivalent in foreign currency) until the dates set out in the table below.
   
 
Account opened in Jul 2008
Account opened in Aug 2008
Maintain a monthly average TRB of HK$1,000,000 or above
(or equivalent in foreign currency) until:
31 Oct 2008 at 11:59 pm
30 Nov 2008 at 11:59 pm
  * TRBa takes into account the following: Hong Kong dollar/Renminbi/foreign currency deposits, book value or market value (if applicable) of investments (including local and overseas securities, unit trusts, bonds, certificates of deposits, equity linked investments, structure notes, stocks or unit trusts purchased from Monthly Investment Plan and Wayfoong Statement Gold), deposit amounts of Deposit Plus and structured investment deposits (including Capital Protected Investment Deposits), utilised lending facilities (excluding mortgage loans and amounts outstanding on credit cards), saving and investments portions of life insurance policies and HSBC MPF balances.
• To determine overall TRB in sole capacity, the applicable TRB of all personal sole account(s)b and all joint account(s)c will be included in the calculation.
• To determine overall TRB in joint capacity, the applicable TRB of all joint account(s)b held with the same joint account holder(s) will be included in the calculation.
a. There may be a time lag before the value of certain investment transactions (i.e. Initial Public Offering ("IPO") subscriptions for securities, bonds, open-ended funds and certificates of deposits) and life insurance policies will be included in the TRB due to the processing time required and therefore may affect the TRB in the Bank's record.
b. All these accounts must be held or registered under the same name(s) and identity number(s).
c. The name and identity number held or registered under these joint accounts must be the same as that held or registered under the sole account.
8. A welcome gift will be offered to each Eligible Customer who (i) brings in Net Incremental New Funds+ corresponding to the relevant Tiers described in the table below into the newly opened Account by 12:30pm on 31 July 2008 (for accounts opened/converted within 8 July - 31 July 2008) or by 12:30pm on 30 August 2008 (for accounts opened/converted within 1 August - 30 August 2008) AND (ii) maintains such new funds in the Account together with the original TRB such that the average monthly TRB of the subsequent 3 months after the Account opening/conversion less the original TRB must be greater than or equal to the amount specified for the relevant Tier in the table below.
Each Eligible Customer who fulfills more than one of the three tiers will only be offered a welcome gift corresponding to the highest tier as set out below.

Tier

(i) Bring in the Net Incremental New Funds specified below AND fulfill condition (ii) as stated in Clause 8

A welcome gift of either
1
HK$1,000,000 or above (or equivalent in foreign currency)
HK$1,500 credit card spending credit OR HK$2,000 worth of Shangri-La Hotels vouchers
2
HK$3,000,000 or above (or equivalent in foreign currency)
HK$3,000 credit card spending credit OR HK$4,500 worth of Shangri-La Hotels vouchers
3
HK$5,000,000 or above (or equivalent in foreign currency)
HK$8,000 credit card spending credit OR HK$12,000 worth of Shangri-La Hotels vouchers
 
Example 1: Assume an Eligible Customer opens/converts the Account in July 2008:
 
TRB as of 30 Jun 2008 at 11:59pm
Avg monthly TRB of Aug, Sep, Oct 2008
Net Incremental New Funds
Case 1: Existing non-Premier customer of the Bank
HK$1,000,000
HK$2,000,000
HK$2,000,000 - HK$1,000,000
= HK$1,000,000
Case 2: Not an existing customer of the Bank
HK$0
HK$1,000,000
HK$1,000,000 - HK$0
=HK$1,000,000

Example 2: Assume an Eligible Customer opens/converts the Account in August 2008:
 
TRB as of 31 Jul 2008 at 11:59pm
Avg monthly TRB of Sep, Oct, Nov 2008
Net Incremental New Funds
Case 1: Existing non-Premier customer of the Bank
HK$1,000,000
HK$4,000,000
HK$4,000,000 - HK$1,000,000
= HK$3,000,000
Case 2: Not an existing customer of the Bank
HK$0
HK$3,000,000
HK$3,000,000 - HK$0
=HK$3,000,000
+Net Incremental New Funds are defined as the growth in terms of TRB. The calculation is based on the difference between the customer's average monthly TRB of subsequent 3 months after the opening/conversion of the Account and the past TRB before the opening/conversion of the Account. For example, if the Account is opened/converted in July 2008, the customer's average TRB of August, September and October 2008 less the original TRB as of June 2008 must be equal to or greater than HK$1,000,000, HK$3,000,000 or HK$5,000,000 to be eligible for the above welcome gift. For customers new to the Bank, the original TRB as of June 2008 will be treated as zero for this calculation purpose.
9. Eligible Customers are entitled to only one welcome gift under this new account welcome gift promotion referred to in clauses 7 and 8. For Eligible Customers who qualify for both welcome gifts described in Clauses 7 and 8, the welcome gift described in Clause 8 will be offered.
10. An Eligible Customer who is entitled to the welcome gifts under this Promotion and other offers under concurrent promotions, run by the Bank in respect of joining Integrated Account - HSBC Premier, will only be entitled to receive ONE offer.
 
Credit card welcome gift
11. HK$200 credit card spending credit or HK$300 worth of Shangri-La Hotel vouchers will be offered to each Eligible Customer who (i) applies for a primary HSBC Premier credit card during the Promotional Period and (ii) makes at least one purchase or cash advance transaction with such card within 2 months from card account opening date.
 
New HSBC Customer Top-Up Welcome Gift
12. HK$1,000 credit card spending credit or HK$1,500 worth of Shangri-La Hotel vouchers will be offered to each Eligible Customer who
 
(i) maintains a monthly average TRB of HK$1,000,000 or above (or the equivalent in foreign currency) during 1 August - 31 October 2008 (if the date of opening of the Account is in July 2008) or during 1 September 2008 - 30 November 2008 (if the date of opening of the Account is in August 2008) ; and
   
(ii) is a new customer of the Bank ("New HSBC Customer"). , namely, not being
- an account holder with the Bank in respect of any sole or joint account (but excluding MPF accounts or safe deposit lease accounts); and
- a holder of any personal primary or additional credit card issued by the Bank (excluding corporate cards); and
- a holder of any insurance plans applied through the Bank (except Single Trip TravelSurance);
at any time during the period from 8 June 2008 to the date the Customer opens++ the Account; and
(iii) is not an HSBC Premier customer during 8 January 2008 to 7 June 2008.
++ The date appearing in the Bank's record will be conclusive as to the date on which (i) the Account is opened, (ii) the incremental new funds is brought in, (iii) the incremental new funds is maintained until, (iv) the Premier credit card is opened and (v) the customer is defined as a New HSBC Customer.
   
Terms relating to all welcome gifts
13. Eligible Customers will be sent a redemption letter on or before 31 January 2009. Please refer to the redemption letter for details on redemption.
14. Eligible Customers must maintain their relevant Premier accounts and if applicable their Premier Credit Card by the time of redemption in order to enjoy the welcome gifts.
15. The welcome gift of credit card spending credit will ONLY be credited to the newly opened HSBC Premier Credit Card account. If the Eligible Customer does not open a new HSBC Premier Credit Card account, he/she will only be offered Shangri-La Hotel vouchers.
16. The welcome gifts are available while stocks last. The Bank reserves the right to replace the welcome gifts with alternative gifts without prior notice.
17. The welcome gifts offered under this promotion (or other alternative gifts which may be offered by the Bank) cannot be converted to cash and the use of such welcome gifts may be subject to further terms and conditions imposed by the merchants supplying the welcome gifts. The Bank accepts no liability for the goods and services provided by the merchant(s) in this promotion.
18. Shangri-La Hotel vouchers are valid at all food and beverage outlets of Kowloon Shangri-La and Island Shangri-La for food and beverage consumption but cannot be used against room rental or other hotel facilities or services. The vouchers cannot be used during the festive season or when there is fireworks display and are not valid for special promotional menus, ticket sales events, guest chef promotions, banqueting, meetings, conferences and wedding events. The vouchers cannot be used in conjunction with other discount privileges.
 
Unit Trusts - Initial charge for open-end funds as low as 1.5%
19. A HSBC Premier customer, who successfully makes a lump sum subscription of selected open-end funds (excluding CapitALL funds and funds in the "No Subscription Fee Series") through manned phonebanking or at any HSBC branches via a HSBC Premier Investment Services Account, shall receive the preferential pricing on initial charge for such subscription. Please refer to the charges summarized below.
 
 
 Preferential Initial Charge
Subscription Amount
All Open-end Funds (except for Bond Funds & Money Market Fund)
Bond Funds & Money Market Funds
Below HK$500,000
2.75%
2.25%
HK$500,000 to less than HK$1,000,000
2.50%
2.00%
HK$1,000,000 or above
2.00%
1.50%
   
20. All other fees or charges applicable to the relevant fund (including switching fees, redemption fees, management fees and other fees) still apply.
21. Customers will not be eligible for any other Unit Trusts promotional offer in conjunction with this offer.
22. This offer is not applicable to Unit Trust Monthly Investment Plan.
23.

The exact charge may vary slightly depending on the individual fund house calculation logic. Please contact our staff at any branch for further details on the preferential initial charge.
 
Complimentary Flu Vaccination ("Vaccination") Offer Terms and Conditions
24. The promotional offers are applicable to successful applications in respect of a new purchase of Selected Insurance Plans (refer to in Clause 25) with a prescribed premium amount made during the Promotion Period. The policies for the plans (referred to in Clause 25) must be effective during the period of 8 July and 30 November 2008 (both dates inclusive) in order to qualify for the promotional offers ("Eligible Policy").
25. "Selected Insurance Plans" refer to LifeSave Protection Plan (Lifetime Medical), Lifestyle Protection Plus, Lifestyle Education Protection Plus, Lifestyle Retirement Protection Plus, Lifetime Protection Plus, Target Protection Plus, RetireEnrich Protection Plus and "Other Selected Insurance Plans" (Please contact our branches for details).
26. This promotion is not applicable in respect of policies where an extra lump sum premium is paid on top of the regular monthly/annual premium or single premium.
27. A customer who has withdrawn/cancelled an application/policy for the same insurance plan within the past six months or cancels his/her policy prior to the fulfillment letter(s) being issued will not be entitled to the promotional offer.
28. The promotional offer will not be awarded to customers if, upon issuance of the redemption letter(s), there is any change of policy status leading to a reduction of annualized premium which is lower than the premium level as committed at the time of policy issue.
29. For joint accounts, only the principal account holder will be entitled to the offer.
30. If a customer who is entitled to receive the insurance promotional offer under this promotion is also entitled to other insurance offer(s) under another concurrent promotion run by The Hongkong and Shanghai Banking Corporation Limited in Hong Kong SAR ("the Bank") in respect of the same type of designated product or service, such customer is only entitled to receive the insurance offer of the highest value at the Bank's discretion.
31. All insurance applications are subject to approval by HSBC Life (International) Limited and HSBC Insurance (Asia) Limited.
32. The life insured of an Eligible Policy with (i) a first-year premium of more than HK$50,000 (US$6,250) OR (ii) a single premium of more than HK$500,000 (US$62,500) will be entitled to a complimentary vaccination package comprising two shots of flu vaccination.
33. The life insured of an Eligible Policy with (i) a first-year premium of equal to or more than HK$20,000 (US$2,500) and up to HK$50,000 (US$6,250) OR (ii) a single premium of equal to or more than HK$100,000 (US$12,500) and up to HK$500,000 (US$62,500) will be entitled to a complimentary vaccination package comprising one shot of flu vaccination.
34. A redemption letter will only be mailed to the local correspondence address of the eligible policyholder within 10 to 12 weeks after the policy becomes effective. For details of the Vaccination, please refer to the redemption letter.
35. Each life insured of an Eligible Policy will be awarded for once only. This is regardless of the number of eligible insurance plans taken up.
36. The Vaccination is arranged by an appointed network of panel doctors who are responsible for the services supplied. The Bank shall have no liability in respect of any services or medical advices rendered by the doctors or any matters relating to the policyholder's taking up of the services.
37. The Bank reserves the right to offer alternative item(s) if the Vaccination is not available.
38. For other insurance offers, please refer to the relevant promotional leaflets details and applicable terms and conditions.

The Hongkong and Shanghai Banking Corporation Limited is an insurance agent authorised by HSBC Life (International) Limited and HSBC Insurance (Asia) Limited. All life insurance plans are underwritten by HSBC Life (International) Limited. All medical and general insurance plans are underwritten by HSBC Insurance (Asia) Limited. The information shown is intended as a general summary. For charges and details, please refer to the relevant Principal Brochures and policies.

Note: This leaflet is a general summary. Please refer to the relevant Principal Brochures and policies for details of the policies or contact any HSBC branches or staff for offer details.
General
39. Offers are provided subject to the prevailing regulatory requirements.
40. The Bank reserves the right to amend these terms and conditions without prior notice.
41. Where there is any discrepancy between the Chinese and English versions of these terms and conditions, the English version shall apply and prevail.
42. In the event of a dispute arising out of this promotion programme, the decision of the Bank shall be final and conclusive.
43. Employees of the Bank are not eligible for any promotional offers.
Risk Disclosure: The information in this document does not constitute an offer to sell or solicitation for the purchase or sale of any deposit or investment in any products referred to herein. Investment involves risks and customers should refer to the individual product materials for further information. You should carefully consider whether any investment products or services mentioned herein are appropriate for you in view of your investment experience, objectives, financial resources and circumstances. The price of securities may move up or down. Losses may be incurred as well as profit made as a result of buying and selling securities. Past performance is no guide for future performance. Investors must refer to the explanatory memorandum for further details of fund and risk involved.
 

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