CORPORATE NEWS

Private Banking Account Terms and Conditions

Amended terms and conditions

Part I

Notwithstanding the other provisions (including the above sub-paragraphs (a) – (e)) to the contrary in the Confirmation and / or these Terms and Conditions and solely for purpose of the Bank’s following services and in relation to the Transactions:

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

(collectively called “SWT Services”), the Confirmations together with these Terms and Conditions 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 Hong Kong's securities and derivatives markets mentioned in the Confirmations and / or these Terms and Conditions shall not be deferred despite that (a) Typhoon Signal No. 8 or above, or Black Rainstorm Warning is issued by the Hong Kong Observatory; or (b) extreme conditions 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 (a) the Confirmation and / or these Terms and Conditions and (b) the SWT Arrangement, the Transactions, business, operation, services and affairs of the Bank in relation to the Bank’s SWT Services under the Confirmation and / or these Terms and Conditions during any SW condition shall be subject to and deemed as modified to the intent of compliance with the SWT Arrangement.