Terms and Conditions of HK Stocks Trading Commission Family Rebate Scheme:

  1. The promotional period of HK Stocks Trading Commission Family Rebate Scheme ("Family Rebate Scheme") is from 1st April 2017 to 30th December 2017 (both dates inclusive) ("Promotional Period").
  2. Subject to Clause 4 of these terms and conditions, Family Rebate Scheme is applicable to all existing securities accounts and new securities accounts of CMB Wing Lung Bank Limited ("the Bank").
  3. Each Master Securities Account should link with a minimum of one Member Account or a maximum of five Member Accounts (priority according to the registration date) to join the Family Rebate Scheme. If the Master Securities Account does not link with any Member Account, such account is not eligible to the Family Rebate Scheme and cannot enjoy any commission rebate. The Member Account should provide the account number of the Master Securities Account for the completion of registration of the Family Rebate Scheme.
  4. The Member Account must be a new securities account. New securities account refers to the securities account opened and activated during the promotional period, and the account holder has not maintained any securities account in sole or joint names account with the Bank, and cannot cancel, terminate or close the securities account of the Bank during the promotional period. The Master Securities Account can be an existing securities account or new securities account.
  5. All Master Securities Account and Member Account must complete the registration to join the Family Rebate Scheme ("Eligible Customer"). Each Eligible Customer can only register one of his/her securities accounts under the same name (can only register one securities account for eligible customer holding securities account in sole and joint names account) and join only one Family Rebate Scheme. Commission rebate will start to be calculated based on commission of HK stocks trading transaction in the calendar month when securities account are successful registered.
  6. Eligible Customer can register and cancel the linkage with Family Rebate Scheme by signing the "HK Stocks Trading Commission Family Rebate Scheme Registration Form". It takes effect upon completion of the registration or cancellation process by the Bank.
  7. Each Eligible Customer has to sign the "HK Stocks Trading Commission Family Rebate Scheme Registration Form" and agree that the Master Securities Account and all Member Accounts have the rights to check the accumulated HK stocks trading transactions in each calendar month since the registration of Family Rebate Scheme.
  8. If the Master Securities Account holder applies to cancel, terminate or close the Master Securities Account; or if the Master Securities Account is cancelled, terminated or closed; or if the Master Securities Account holder applies to withdraw, terminate or close the Family Rebate Scheme, the Family Rebate Scheme will be cancelled, terminated or closed. The Master Securities Account and all Member Accounts cannot enjoy any commission rebate from the calendar month when the Family Rebate Scheme is cancelled, terminated or closed. The Master Securities Account holder is irrevocably authorized to represent each Member Account holder to apply to cancel, terminate or close the Family Rebate Scheme.
  9. If the Member Account holder applies to cancel, terminate or close the Member Account; or if the Member Account is cancelled, terminated or closed; or if the Master Securities Account holder or Member Account holder applies to withdraw, terminate or closed the Family Rebate Scheme, the linkage between the Member Account and the Family Rebate Scheme will be cancelled, terminated or closed. If all Member Accounts are cancelled, terminated or closed, the Family Rebate Scheme will be cancelled, terminated or closed. The Master Securities Account and all Member Accounts cannot enjoy any commission rebate.
  10. From the calendar month when the Master Securities Account successfully links with the Member Account, by placing HK stocks trading transactions through any channels of the Bank ("Eligible Transactions"), each securities account under the whole group of Family Rebate Scheme can enjoy 10% commission rebate of the commission paid during the calendar month. The maximum amount of rebate commission for each relevant securities account is HKD500 per calendar month. If the Master Securities Account successfully links with 5 Member Accounts, each securities account under the whole group of Family Rebate Scheme can enjoy double commission rebate (20% of the commission paid) of the commission paid during the calendar month. The maximum amount of commission rebate for each relevant securities account will be increased to HKD1,000 per calendar month. The securities accounts under the whole group of Family Rebate Scheme can enjoy the commission rebate in each calendar month only when at least one Member Account under the Family Rebate Scheme completes at least one HK Stocks transaction during the month . Otherwise all securities accounts under the whole group of Family Rebate Scheme cannot enjoy any commission rebate.
  11. Commission rebate will be paid by way of "prepaid commission". The Master Securities Account and all Member Accounts of the Family Rebate Scheme should pay the pre-defined trading commission first in full. At the end of each calendar month, the Bank will calculate the total accumulated commission of Eligible Transactions in the calendar month for the Master Securities Account and all Member Accounts of each Family Rebate Scheme. The amount of commission rebate will be deposited to the related settlement account (for cash securities account) or securities account (for Margin Securities Account) in the following calendar
  12. Related to Extra Commission Waiver Offer for New Securities Customer

    12.1  New Securities Customer who places HK stocks trading transaction with "Buy" order through CMB Wing Lung NET Banking Services or CMB Wing Lung Automated Securities Trading Services or CMBWLB Wintech mobile banking services ("Electronic Channel") in the calendar month when the securities account is activated and the following 2 calendar months (first 3 calendar months) ("Rebate Period") can get the commission rebate of placing HK stocks through electronic channels during the Rebate Period. The maximum amount of commission rebate is HKD1,000 for ordinary New Securities Customer; the maximum amount of commission rebate is HKD1,500 for New Securities Customer of CMB Wing Lung Sunflower Service; the maximum amount of commission rebate is HKD2,000 for New Securities Customer of CMB Wing Lung Private Wealth Management Service or CMB Wing Lung Private Banking Service.

    12.2 New Securities Customer shall pay the pre-defined trading commission first in full. After the Rebate Period, the Bank will calculate the total commission paid during the Rebate Period and deduct the commission rebate of Family Rebate Scheme and commission rebate of other related securities services awarded during the Rebate Period. The remaining amount (if any) will be deposited to the settlement account (for cash securities account) or securities account (for Margin Securities Account) of the New Securities Customer within one calendar month after the Rebate Period. If the securities traded are not settled in Hong Kong Dollar, the relevant commission rebate will be converted to the equivalent Hong Kong Dollar and deposited to the settlement account. The exchange rate is determined by the Bank.

  13. All Master Securities Account and Member Accounts and the settlement accounts must be still valid when commission rebate is deposited.
  14. Master Securities Account and Member Account cannot enjoy commission, interest or coupon rebate 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 in each calendar month for comparison, only one of the offers with the highest value will be given to the Master Securities Account and Member Account.
  15. The securities bought through Securities Savings Scheme are not applicable to the above promotions.
  16. (Applicable to the Master Securities Account or the Member Accounts if any one of the above is a Margin Securities Account) If the Margin Securities Account was liquidated forcibly by the Bank during the Promotion 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 awarded any offer or commission rebate from that calendar month.
  17. Eligible Customer should still pay other fees of the Bank, including but not limited to the settlement fee, trading fee, transaction levy and stamp duty, etc. For more details, please refer to the Securities Services Charges on the General Banking and Sunflower Service Charges.
  18. The Bank reserves the right to suspend, amend, terminate or cancel any offers, rewards, 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 Family Rebate Scheme, 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 Sunflower Service Charges.
  19. If there is any discrepancy between the English and Chinese versions of these Terms and Conditions, the Chinese version shall prevail.

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.