Flexi Time Deposit Programme - Promotional Terms & Conditions
1.
The promotional period of Flexi Time Deposit Programme (the "Promotional Period") commences on 12 May 2010 and expires on 30 July 2010 (both dates inclusive).
2.
The Flexi Time Deposit Programme offer (the "Offer") refers to the monthly bonus interest and/or extraordinary maturity bonus interest that customer enjoys during a maximum Flexi time deposit placement period of 6 months (the "Customer"). The Flexi time deposit can only be set up via HSBC branches and HSBC Personal Phonebanking.
3.
To enjoy this Offer, the Customer has to set up a 1 month auto-renewal instruction for a 1-month AUD / NZD new fund* Flexi time deposit. Forward-dated instruction or instruction made outside banking service hours is not eligible for the Offer.
4.
This Offer is exclusive to Customers with Integrated Accounts.
5.
AUD or NZD new fund* time deposit amount must be in the range from HKD10,000 to HKD5,000,000 (in AUD or NZD equivalent) for each Flexi time deposit transaction in order to enjoy this Offer. For AUD or NZD time deposits of more than HKD5,000,000 equivalent, please contact branch staff or call customer hotline.
6.
Monthly bonus interest is offered to the Customer on each completed month of Flexi time deposit placement (maximum 6 months) while extraordinary maturity bonus interest is offered upon the completion of a consecutive 6-month Flexi time deposit (including the initial Flexi time deposit placement and the 5 monthly Flexi time deposit renewals).
7.
This Offer is rewarded to the Customer on top of the prevailing time deposit board rate and integrated account preferential rate (if applicable). It is calculated in accordance with the initial Flexi time deposit principal.
8.
Customer will be entitled to the time deposit board rate, integrated account preferential rate (if applicable) and monthly cash bonus for completed month(s) of Flexi time deposit placement during the designated Flexi time deposit placement period. The time deposit board rate and integrated account preferential rate will be changed subject to the market situation.
9.
No board rate, integrated account preferential rate (if applicable) and monthly bonus interest will be offered for the incomplete month.
10.
The interest of time deposit board rate and integrated account preferential rate (if applicable) will be credited to the account upon the completion of each 1-month Flexi time deposit. Monthly bonus interest and extraordinary maturity bonus interest will be credited to the Customer's integrated savings account within 14 business days upon the contract end date of the 6th Flexi time deposit placement.
11.
Once set up the Flexi time deposit placement, the Customer cannot change the maturity instruction during the 6-month designated Flexi time deposit placement period. Otherwise, the relevant Flexi time deposit placement must be terminated.
12.
Renewal of existing time deposit is not entitled to this Offer.
13.
For any premature uplift of Flexi time deposit placements, no penalty of handling fee will be charged.
14.
After the 6-month Flexi time deposit placement period, only time deposit board rate and integrated account preferential rate (if applicable) will be offered to the fund that stay at the Flexi time deposit account. Monthly cash bonus or extraordinary maturity bonus will not be granted and any immature uplifts may be subject to a penalty from 7th month onwards.
15.
This Offer is exclusive to personal accounts. Business accounts are not eligible for this Offer.
16.
In addition to the interest rate offer, monthly bonus interest and/or extraordinary maturity bonus interest, shopping voucher(s) as shown below will be offered to eligible customers who place a time deposit of designated foreign currency with specified tenor through Flexi Time Deposits Programme.
AUD / NZD Time Deposit Amount (in HKD equivalent)
Shopping vouchers entitled
HKD5,000,000 or above
HKD3,500
HKD3,000,000 - <HKD5,000,000
HKD2,000
HKD1,000,000 - <HKD3,000,000
HKD1,500
HKD500,000 - <HKD1,000,000
HKD500
17.
Each eligible customer will receive the shopping voucher(s) by mail on or before 31 October 2010.
18.
The shopping voucher(s) cannot be converted into cash and the use of the vouchers may be subject to further terms and conditions imposed by the merchant issuing the vouchers. The Bank assumes no responsibility for the quality of the products or services provided by the relevant merchants.
19.
The shopping vouchers are only available while stock lasts. The Bank reserves the right to replace the shopping vouchers with alternative gifts without prior notice.
20.
The Hongkong and Shanghai Banking Corporation Limited (the "Bank") reserves the right to terminate the Offer at any time without prior notice.
21.
In the event of any dispute relating to the Flexi Time Deposit Programme, the Bank's decision shall be final and conclusive.
22.
In the event of discrepancies between the English and Chinese version of these terms and conditions, the English version shall prevail.
* New fund refers to new AUD / NZD fund that brought from other banks and/or existing HKD fund converted into AUD / NZD.
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