Equities Trading Club Terms and Conditions

General

1. DBS Bank (Hong Kong) Limited (the “Bank” or "DBS") reserves the right to amend these Terms and Conditions at any time without liability.
2. The following Terms and Conditions are supplemental to and shall be read together with the Terms and Conditions for Accounts under Wealth Management Investment Portfolio (Wealth Management Accounts) (“WMA T&C”). Unless otherwise specified herein, terms and clauses defined in the WMA T&C shall have the same meaning when used herein.
3. “DBS Treasures” is a Customer Segment of the Bank. “Customer Segment” means DBS Account, DBS Treasures, DBS Treasures Private Client, DBS Private Bank and any other segment made available by the Bank from time to time. In Hong Kong, DBS Private Bank is the private banking division of the Bank.
4. In case of any dispute, DBS's decision will be final.
5. If there is any discrepancy between the Chinese and English versions of these Terms and Conditions, the English version shall prevail.

Equities Trading Club Conditions

6. The Equities Trading Club ("Club") is a program for DBS Treasures customers who maintain a Wealth Management Account ("WMA") with DBS (“Eligible Customers”).
7. Eligible Customers are automatically enrolled in the Club (“Members”). Members who fulfil the 3-month Accumulated Trading Volume (as defined below) shall qualify into the corresponding membership tier, and Members are eligible to enjoy the brokerage commission rates corresponding to their membership tier when performing Hong Kong and U.S. securities trading via DBS iBanking or DBS digibank HK app.
8. The Club has 6 membership tiers - Diamond, Platinum, Gold, Silver, Bronze and Classic. Please refer to the VI. Investment Services, A. Securities of the Bank Charges Schedule for the corresponding requirement of the 3-month Accumulated Trading Volume (as defined below in clause 10) and the brokerage commission rates for each membership tier.
9. Membership tiers are reviewed and updated on the first calendar day of each month, based on the Member's past 3 months accumulated trading volume (“3- month Accumulated Trading Volume”). The membership tier may be further updated on the second calendar day of each month if any Eligible Transactions (as defined below in clause 10) in overseas markets have been made on the last calendar day of the previous month (please refer to further details in clauses 10 and 11 below). The corresponding brokerage commission rates are applicable from the calendar day of the membership tier update.
10. The 3-month Accumulated Trading Volume refers to the accumulated securities transactions made on the Hong Kong Stock Exchange and overseas markets by the Member in the past 3 calendar months (“Eligible Transactions”). To calculate the transaction amount of Eligible Transaction in overseas markets, the Bank will convert the transaction to Hong Kong Dollars at the exchange rate determined by the Bank and will take the exchange rate on the relevant settlement date as the final exchange rate of such Eligible Transaction for the purpose of calculating the 3-month Accumulated Trading Volume. Due to exchange rate fluctuations after making of the Eligible Transaction, there may be slight changes in the 3-month Accumulated Trading Volume on or before the settlement date. For overseas transactions made on the last day of a calendar month, exchange rates fluctuations on or before the settlement date may result in updates to the membership tiers on the first two calendar days of the next calendar month. All transaction values relevant for calculation of the 3-month Accumulated Trading Volume are determined according to the Bank’s record.
11. In order for the Eligible Transactions to be included in the 3-month Accumulated Trading Volume on the first calendar day of each month, the Eligible Transactions must be executed on or before the last day of the previous calendar month. Please note that for non-Asia market Eligible Transactions (i.e. Eligible Transactions made in United States, Canada, United Kingdom stock markets and any stock markets other than Hong Kong, Singapore, Japan and Australia), such Eligible Transactions will only be reflected in the 3-month Accumulated Trading Volume on T+2 day. In other words, for non-Asia market Eligible Transactions made on the last calendar day of the previous month, the membership tier may be further updated on the second calendar day of the month.
12. Securities transactions made for initial public offerings will not count towards the 3-month Accumulated Trading Volume.
13. If there is abuse/non-compliance by the Member, the Member will only be eligible for the brokerage commission rates for the Classic membership tier. If the brokerage commission rates for higher membership tiers have been provided, DBS may debit the value of the shortfall between the lower brokerage commission rates of such membership tier and the Classic membership tier from the Member’s account(s) without prior notice and/or take action to recover any outstanding amounts.

Risk Disclosure and Important Notice

• Investment involves risks. The above information does not constitute any offer or solicitation of offer to subscribe, transact or redeem any investment product. Past performances are not indicative of future performances. You should carefully read the product offering documentation, the account terms and conditions and the product terms and conditions for detailed product information and risk factors prior to making any investment. If you have any doubt on this material or any product offering documentation, you should seek independent professional advice.
• Securities trading is an investment. The prices of stocks fluctuate, sometimes dramatically. The price of a stock may move up or down and may become valueless. It is as likely that losses will be incurred rather than profits made as a result of trading stocks. The investment decision is yours but you should not invest in any stock unless you have taken into account that the relevant stock is suitable for you having regard to your financial situation, investment experience and investment objectives.
• Customers should be aware that the prices of the Callable Bull / Bear Contracts and Warrants may fall in value as rapidly as they may rise and holders may sustain a total loss of their investment. The Bank does not provide securities advisory service. Any person considering an investment should seek independent advice on the investment suitability when considered necessary.
• Foreign exchange involves risk. Customers should note that foreign exchange may incur loss due to the fluctuation of exchange rate.
• RMB currently may not be freely convertible and is subject to exchange controls and restrictions. There is no guarantee that RMB will not depreciate. If you convert Hong Kong Dollar or any other currency into RMB so as to invest in a RMB product and subsequently convert the RMB sale proceeds back into Hong Kong Dollar or any other currency, you may suffer a loss if RMB depreciates against Hong Kong Dollar or other currency.