CORPORATE NEWS

Account Terms¹

Amended terms and conditions

Part 1

1.3

Notwithstanding the other provisions (including Clause 1.2 of this Part 1) to the contrary in these Account Terms and solely for purpose of providing the Bank’s Services below:

1. cheque clearing;
2. autopay credit; 
3. custodian services;
4. ancillary services provided through electronic means to support trading and clearing activities of Hong Kong's securities and derivatives markets; and / or
5. other services as may be made available by the Bank from time to time in compliance with the SWT Arrangement (defined below)

(collectively called “SWT Services”), these Account Terms are subject to and shall be deemed as overruled or modified by the SWT Arrangement implemented by Hong Kong Exchanges and Clearing Limited (“HKEX”) from time to time including those published under the Appendix II to the Consultation Conclusions regarding Severe Weather Trading of Hong Kong Securities and Derivatives Markets (collectively called the “SWT Arrangement”). Those SWT Services relevant to the severe weather trading operational arrangements (such as trading, clearing and settlement services and operations) in relation to Hong Kong's securities and derivatives markets mentioned in these Account Terms shall not be deferred despite that (i) Typhoon Signal No. 8 or above, or Black Rainstorm Warning is issued by the Hong Kong Observatory; or (ii) extreme condition is announced by the Hong Kong Government (collectively called “SW conditions”).  Details of the SWT Arrangement are available at the website of HKEX . 

To the extent of conflict or inconsistency between the provisions of these Account Terms and the SWT Arrangement, the business, operation, services and affairs of the Bank in relation to the Bank’s SWT Services under these Account Terms during any SW condition shall be subject to and deemed as modified to the intent of compliance with the SWT Arrangement.

Part 2: Section VI – Term Deposits

3.4

If the maturity date of a Hong Kong Dollar deposit falls on a day which is not a Business Day, it shall instead fall on the next Business Day. If the maturity date of a foreign currency deposit falls on a day on which banks in the country of the relevant foreign currency are not open for business, then it shall instead fall on the next day on which such banks are open for business unless the Bank determines that it is desirable for the deposit to mature on the last day on which such banks were open for business prior to the original maturity date.

Solely for the purpose of reckoning the maturity date of fixed deposit, a Business Day shall not be affected despite that any SW condition is issued or announced.