Terms and Conditions Share Financing
Move-your-Loan 2.88% Promotion 2014
Terms and Conditions Governing Share Financing “Move-your-Loan 2.88%” Promotion (the
“Promotion”)
1. Employees, Remisiers, and Account Executives of OCBC Securities Private Limited (“OSPL”) and
their immediate family members are not eligible to participate in the Promotion.
2. The Promotion is valid between 2 August 2014 and 31 December 2014, both dates inclusive (the
“Promotion Period”).
3. Subject to these terms and conditions, the Promotion only applies to accounts opened at the OSPL
booth during INVEST FAIR 2014 from 2 and 3 August 2014, both dates inclusive, (the “Roadshow
Dates”) or such other period as may be determined by OSPL at its absolute discretion.
4. The Promotion shall apply to Singapore Dollar (SGD), United States Dollar (USD) and Hong Kong
Dollar (HKD) loan amounts.
5. To be eligible for this Promotion, the following conditions must be fulfilled:
(a) the new trading account applicants must not be existing customers of OSPL prior to the
Promotion Period (“New Customers”, and each “New Customer”). All new applications
(which must be correctly completed and submitted together with the required supporting
documents) must be received by OSPL at INVEST FAIR 2014 on the Roadshow Dates at
Booth D21, Hall 401 & 402, Suntec Singapore Convention & Exhibition Centre. The special
tagging of “M14RD-INVEST-MAL” must also be indicated on the account opening form.
(b) the Applicant must not be an existing SF customer of OSPL prior to the commencement of the
Promotion Period.
(c) the Applicant must transfer and maintain at least a minimum average daily loan balance of
SGD 100k or equivalent on monthly basis.
Entitlements of the Successful Applicant
6. Subject to these terms and conditions, once the conditions set out in Clause 5 are fulfilled, the
Applicant whose SF account is successfully opened (the “Successful Applicant”) shall enjoy interest
rate of 2.88% (the “2.88% Interest”) on his/her SGD, USD and/or HKD loan granted by OSPL under
such Applicant’s SF account within the Promotion Period. The 2.88% interest will be charged during
the relevant month which the Applicant fulfills the terms and conditions.
7. If the Successful Applicant fails to meet the conditions of Clause 5(c) for a particular month, the
Successful Applicant will not be entitled to the 2.88% interest on his/her loan granted by OSPL for
that month. However, Applicant is still eligible for the promotion should he/she meet the
requirements of Clause 5(c) and all other terms and conditions in any other month within the
Promotion Period.
8. If the Applicant does not fulfill these terms and conditions, the prevailing SGD / USD / HKD Share
Financing Lending Rate (“SFLR”) will be charged to the respective SF loan currency at the end of
the following month where applicable.
9. As an illustration, subject to these terms and conditions, if the Applicant maintains an average daily
loan balance of SGD100k, his SGD loan will be charged at 2.88%. Otherwise, his SGD loan will be
charged at the prevailing SGD SFLR which will be deducted at the end of the following month.
Last updated – 30 July 2014
Terms and Conditions Share Financing
Move-your-Loan 2.88% Promotion 2014
10. A Successful Applicant will be disqualified for this Promotion if:
a. any of his/her accounts with OSPL is reported for delinquency; or
b. he/she has outstanding contra losses which are overdue for more than 21 calendar days.
11. OSPL is entitled to reject any Application without the obligation to furnish any reasons for such
rejection. Submission to or receipt by OSPL of Referral Applications does not imply approval of the
opening of account with OSPL.
12. If any customer is subsequently discovered to be not entitled or ineligible to participate in the
Promotion, OSPL reserves the right to (i) forfeit, withdraw or withhold the relevant 2.88% Interest at
any time or (ii) (where the 2.88% Interest has been charged) reclaim the 2.88% Interest, or request
the relevant customer to repay to OSPL the relevant 2.88% Interest (or any amount as OSPL may
request or determine to be payable by such customer in connection with the relevant 2.88% Interest
at any time. No person shall be entitled to any payment or compensation from OSPL should any
2.88% Interest be forfeited, withdrawn, withheld or if any 2.88% Interest is reclaimed by OSPL or a
customer is asked to repay to OSPL any amount as OSPL may request or determine to be payable
by such customer in connection with the relevant 2.88% Interest for whatsoever reasons.
13. OSPL may, at any time, at its absolute discretion, without notice or assigning any reason therefore,
(a) change the 2.88% Interest, (b) replace or substitute the 2.88% Interest with any other prize/gift,
(c) withhold any 2.88% Interest or (d) impose a limit as to how much the 2.88% Interest any
Customer may be entitled to. OSPL may also at any time at its sole and absolute discretion, without
notice or assigning any reason therefore, terminate the Promotion or vary, delete, supplement,
amend or modify any one or more of these terms and conditions in such manner as it shall deem fit.
OSPL shall not be liable to any person or any claims, costs, expenses, loss or damage suffered by
any person as a result of the aforementioned matters.
14. The 2.88% Interest are strictly not transferable to any party whatsoever. Further, the 2.88% Interest
are also not exchangeable for cash, other form of credit or otherwise unless otherwise permitted by
OSPL in its sole and absolute discretion.
15. Participants in this Promotion will not be eligible to participate in other promotions conducted by
OSPL unless otherwise approved by OSPL.
16. OSPL shall not be responsible for any loss to or damage incurred or suffered by any customer or
any other person in connection with this Promotion, howsoever arising, including, without limitation,
any error in computing trade commissions and trades, any breakdown or malfunction in any
computer system or equipment or any notice which is misdirected or lost in the post.
17. The eligibility of each participant to participate in the Promotion and/or to receive the 2.88% Interest
shall be determined at the absolute discretion of OSPL. The decision of OSPL on all matters relating
to the Promotion shall be final and no correspondence or queries will be entertained.
18. In the event of any inconsistency between these terms and conditions and any brochure, marketing
or promotional material relating to the Promotion, these terms and conditions shall prevail.
19. These terms and conditions shall be governed by the laws of Singapore and the participants in the
Promotion irrevocably submit to the exclusive jurisdiction of the courts of Singapore.
20. A person who is not a party to any agreement governed by these terms and conditions shall have
no right under the Contracts (Rights of Third Parties) Act (Cap 53B) to enforce any of these terms
and conditions. Without prejudice to the generality of the above, the consent of any third party is not
Last updated – 30 July 2014
Terms and Conditions Share Financing
Move-your-Loan 2.88% Promotion 2014
required for any variation (including any release or compromise of any liability) or termination of
these terms and conditions, notwithstanding any term herein to the contrary.
21. Without prejudice to these terms and conditions, all participants in the Promotion expressly and
irrevocably permit and authorise OSPL to disclose, reveal and divulge information regarding their
particulars to the parties involved in organising, promoting and conducting the Promotion.
22. In the event of any discrepancy between the English version of these terms and conditions and the
translation of these terms and conditions in any other languages, the English version shall prevail.
Important Notes:
Trading in securities can be very risky, and you may lose all or more than the amount invested or deposited.
Where necessary, please seek advice from an independent financial adviser regarding the suitability of any
trade or investment product taking into account your investment objectives, financial situation or particular
needs before making a commitment to trade or purchase the investment product. You should consider
carefully and exercise caution in making any trading decision whether or not you have received advice from
any financial adviser.
Borrowing to finance the trading of securities (leveraging/gearing) carries a high degree of risk. If the value
of the collaterals declines substantially, falling below the maintenance margin requirement, you may be
called upon to deposit substantial additional funds on short notice in order to maintain your position. If you
fail to comply with a request for additional funds within the specified time, your position may be liquidated at
a loss and you will be liable for any resulting deficit in your account.
Co.Reg.No: 196600262R
Last updated – 30 July 2014