| Terms and Conditions: |
| 1. |
| (a) |
The offer is only applicable to new stock/new securities clients ("Clients") who have opened a new securities account with Citibank (Hong Kong) Limited (the "Bank") during the period from January 9 to June 30, 2012 (the "Promotion Period") and have not canceled or held any sole or joint securities account with the Bank within the past 12 months. |
| (b) |
Clients can enjoy brokerage fee waiver for the BUY and SELL trades of Hong Kong and US stocks carried out via our Dedicated Trading Hotline, Internet Securities Services or Mobile Securities Services (where applicable) within the first 61 days of securities account opening. Initial Public Offering ("IPO") related transactions are not applicable. |
| (c) |
Clients will enjoy brokerage fee waiver for buy and sell trades of Hong Kong and US stocks until the total cumulative regular brokerage fee reaches:
(i) HK$1,500 for Citibanking clients
(ii) HK$3,000 for Citigold Private Client & Citigold clients
All subsequent transactions will be subject to regular brokerage fee (with minimum charge per transaction).
Example:
A Citigold client opened a new securities account on January 10, 2012 and conducted the following transactions during the period of January 10 to March 10, 2012 via online channel.
| Transaction Date |
Transaction Amount (HKD) |
Regular Brokerage Fee - 0.2% (HKD) |
| January 13 |
$700,000 |
$1,400 |
| February 10 |
$1,000,000 |
$2,000 |
| February 16 |
$30,000 |
$100 (minimum charge) |
| March 1 |
$500,000 |
$1,000 |
| Total: |
|
$4,500 (Brokerage fee waived: $3,000) |
The waived brokerage fee of HK$3,000 will be refunded to clients’ settlement account linked to the securities account within 6 months of securities account opening. |
| (d) |
Clients will still be charged non-brokerage fee items such as, but are not limited to, Stamp Duty, Transaction Levy and Trading Fee where applicable. |
| (e) |
Clients are required to pay the regular brokerage fees at the time of trading. The waived brokerage fee will be refunded to clients' settlement account linked to the securities account within 6 months of securities account opening. Clients should maintain a valid securities account and settlement account at the time when the refund is made. |
| (f) |
The Bank will credit the refund amount to clients’ Hong Kong Dollar settlement account. If only a US Dollar settlement account is linked to the securities account, the refund amount will be credited to that account. Exchange rate of US$1 = HK$7.8 will be used for calculation. |
|
| 2. |
The handling fee is originally charged at HK$100 for each online IPO application. The handling fee for online IPO application made within the Promotion Period will be waived. |
| 3. |
The above offers cannot be used in conjunction with any other offers. |
| 4. |
The Bank reserves the right to suspend, amend and terminate the offers, and change the Terms and Conditions without prior notice. |
| 5. |
The Bank reserves the right of final decision in the event of dispute. |
| 6. |
The promotion offers are not eligible to Clients if they are the employees of the Bank or Citibank N.A. or its subsidiaries during the Promotion Period and when the brokerage fee refund is made. |
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| Important Disclaimer: |
You should seek advice from your professional advisors as to your particular tax position, including but not limited to estate duty and withholding tax that might arise from investing in overseas products. This material is for information purpose only and does not constitute any offer or solicitation or advice to buy or sell any security. Investments are not bank deposits and are not obligations of, guaranteed or insured by Citibank (Hong Kong) Limited, Citibank, N.A., Citigroup Inc. or any of its affiliates or subsidiaries, or by any local government or insurance agency, and involve risks, including the possible loss of the principal amount invested. Share prices may go down as well as up. Investment products are not available for U.S. persons and might only be applicable to limited jurisdiction. Any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment.
In the event of discrepancy between the English and Chinese versions, the English version shall prevail. |
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