CORPORATE NEWS
Notice of Severe Weather Trading Arrangements
The HKSAR Government announced that, the Hong Kong Exchanges and Clearing Limited (HKEX) will implement the Severe Weather Trading (SWT)[1] arrangements on 23 September 2024 (“Effective Date”). The Hong Kong’s securities and derivatives trading will be maintained under severe weather conditions[2]. Chong Hing Bank Limited (the “Bank”) will endeavor to maintain relevant services to support trading activities during severe weather conditions, so far as reasonably practicable.
The Bank would like to inform you that you shall reserve sufficient time to review your banking transaction mode, and make necessary adjustments and arrangements if needed. To facilitate you understand the Bank’s latest arrangements, key changes to the Bank’s related products and services after the implementation of SWT arrangements are summarised as below:
Arrangements on SWT Day[3]:
|
Banking Products or Services |
Before 23 September 2024 |
On and After 23 September 2024 |
|
Trading and Settlement Services of Securities and Derivatives[4] |
Not available |
Buying and selling services of securities and derivatives listed on the HKEX will be available Settlement services of Equity Linked Note (ELN) and Equity Linked Investment (ELI) will be available |
|
Paper Cheque Clearing |
Not available |
Paper cheque presented to the Bank on the clearing day before SWT Day will be cleared |
|
e-Cheque Clearing |
Not available |
e-Cheque deposited to the Bank on the SWT Day will be cleared[5] |
|
Autopay |
Not available or subject to the Hong Kong Interbank Clearing Limited’s special arrangement |
Payroll and standard instructions that pre-set the SWT Day as payment day will be processed |
|
Customer Services Hotline (SWT Day) |
Not available |
Please call Customer Services Hotline (852) 3768 6800 during SWT Day |
|
Customer Services for Private Banking and Corporate Banking |
Not available |
Please contact your Relationship Manager |
Besides, most banking services of the Bank will remain unavailable during SWT Day, including but not limited to:
- Branch services
- General account services (e.g. fixed deposit placement, foreign exchange, account reactivation and remittance[6]) through Internet Banking/ Mobile Banking/ Phone Banking
- Loan drawdown/ early repayment
- Investment services[7]
The Bank understands that the implementation of the SWT arrangements may initially cause some changes to your banking routine, customers are advised to deposit sufficient fund via electronic channels to prevent any unexpected overdraft and encouraged to utilise our Internet Banking/ Mobile Banking[8] for enquiring account activities anytime anywhere.
The Bank has updated the Account Terms (For Corporate Account and Personal / Joint Account) Part 1: General Terms and Conditions for All Accounts and Services, and Section VI - Term Deposits of Part 2: Terms and Conditions for Account and Banking Services. You can visit the Bank’s website at www.chbank.com (Personal Banking→Useful Information→Form Download) for the amended Terms and Conditions. The above amendments at Terms and Conditions shall be binding on you if you retain or continue the banking relationship with us on or after the Effective Date. If you do not wish to accept the above amendments, please refer to the applicable terms and conditions and let us know. We may however not be able to continue providing services to you if the above amended terms and conditions are not accepted.
Thank you for your understanding and cooperation.
Should you have any enquiries, please call our Customer Services Hotline at (852) 3768 6888 or contact your respective relationship manager.
Chong Hing Bank Limited
21 August 2024
In case of any inconsistencies between the English and Chinese versions of this Notice, the English version shall prevail.
[1] Severe weather trading (SWT) means trading and settlement of securities on or through the Hong Kong Exchanges and Clearing Limited (“HKEX”) will remain available during severe weather conditions.
[2] Severe weather conditions refer to the scenario where Typhoon Signal No. 8 or above, or a Black Rainstorm Warning is hoisted by the Hong Kong Observatory, or the “Extreme Conditions” warning is announced by the HKSAR Government.
[3] A SWT Day refers to any day from Mondays to Fridays except a Hong Kong public holiday on which severe weather falls.
[4] For customer holding account of Chong Hing Securities Limited, please refer to Notice of Severe Weather Trading Arrangements from Chong Hing Securities Limited separately.
[5] e-cheque deposit cutoff time is 5:40 pm HKT, e-cheque deposited after the cutoff time will be cleared on next working day.
[6] For special CHATS in/ out transactions from Stockbroker customers aiming for settlement purpose, customer should contact your respective Relationship Manager for special arrangements.
[7] Including but not limited to the trading of Equity Linked Note (ELN), Equity Linked Investment (ELI), Currency Linked Deposit (CLD), Currency Linked Investment (CLI), Certificate of Deposit (CD) and Unit Trusts (UT), etc.
[8] During SWT day, Chong Hing Internet Banking/ Mobile Banking could provide services including Faster Payment System (FPS), Adjustments of Fund Transfer Limits and Third-party Payee Registration.