Customers can Enjoy 7 Fee Waivers for Subscription of the HKSAR Government iBond 6 Due 2019

From now till 8 June 2016, Wing Lung Bank customers who subscribe The Government of the Hong Kong Special Administrative Region (“the HKSAR Government”) iBond 6 (“iBond 6”) can enjoy the following fee waivers:

  1. Waive Handling Fee (0.15%)
  2. Waive Bond Custodian Fee
  3. Waive Interest Collection Fee
  4. Waive Transfer Fee
  5. Waive Trading Fee of Sales of Bonds (Through Bond Over-The-Counter market)
  6. Waive Fee of Redemption at Maturity
  7. Waive Commission Fee for the sales of iBond 6 within the first two weeks through HKEX

 

Click here to subscribe iBond 6 now.

 

Subscribe iBond now to enjoy the 7 Fee Waivers!
Investment Services Hotline: 2526 5555
Website: www.winglungbank.com

Terms and Conditions

  1. The 7 fee waivers for The Government of the Hong Kong Special Administrative Region (“the HKSAR Government”) iBond 6 (“The 7 Fee Waivers”) is valid from now till 8 June 2016, both dates inclusive (“Promotional Period”). The 7 Fee Waivers are applicable to relevant instruction received and accepted by Wing Lung Bank Limited (“the Bank”) on or before the Bank’s cut-off time on 8 June 2016.
  2. The 7 Fee Waivers are only applicable to the iBond 6 issued by the HKSAR Government during 31 May 2016 to 8 June 2016. (Listed Code: 04231)(“iBond 6”)
  3. Applicable to the waiver of Commission Fee for the sales of iBond 6 within the first two weeks through HKEX
    • Customer must sell the iBond 6 through Hong Kong Exchange by using any trading channel of the Bank during 21 June 2016 to 4 July 2016 (both days inclusive), in order to enjoy the waiver of commission fee. Customer shall still pay other relevant transaction costs, including but not limited to Securities and Futures Commission’s transaction levy, Hong Kong Stock Exchange’s trading fee and Central Clearing and Settlement System’s settlement fee.
    • Eligible customer shall fully pay the commission in accordance with the default commission rate first; the Bank will deposit the commission rebate amount to the settlement account (for cash securities account) or securities account (for margin securities account) of eligible customer on or before 31 August 2016. Eligible customer must be maintaining the securities account and settlement account of the Bank when commission rebate is deposited; otherwise, no commission will be rebated.
  4. For more details about the terms, fee and promotion offer of the Bank’s different securities services, please refer to the Product Leaflet and the Service Charges Booklet of the Bank.
  5. The Bank reserves the right to suspend, amend or terminate the above offers or amend the terms and conditions thereof at any time without prior notice. In the event of any dispute, the decision of the Bank shall be final.
  6. If there is any discrepancy between the English and Chinese versions, the English version shall prevail.

Major product risk:

  • Interest rate risk: The retail bonds carry a floating rate of interest that is calculated other than by reference to prevailing Hong Kong dollar interest rates. The market value of your retail bonds may decrease if the prevailing Hong Kong dollar interest rates increase during the term of the retail bonds.
  • Index risk: The retail bonds carry a rate of interest that includes a component linked to the Composite Consumer Price Index. The market value of your retail bonds may be affected by movements in the index.
  • Liquidity risk: There may not be an active secondary market for your retail bonds and it may not be possible to sell your retail bonds prior to maturity or the sale price may be lower than the amount you have invested.
  • Credit risk: The retail bonds are not secured. When you buy retail bonds you will be relying on the creditworthiness of the HKSAR Government. Adverse changes in the wider economic conditions in Hong Kong and the world and/or the creditworthiness of the HKSAR Government may reduce the market value of your retail bonds and may affect the HKSAR Government's ability to make payments of principal of and interest on your retail bonds. In the worst case scenario, you could lose all of your investment.
  • Intermediary risk: If you hold retail bonds indirectly through the Bank, you will have to rely on the Bank to perform a number of functions, including passing on payments of principal of and interest on retail bonds to you and proving your interest in your retail bonds.

Important Notice

The investment decision is yours but you should not invest in the investment product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.

Risk Disclosure Statement

The above information does not constitute and should not be regarded as any recommendation to purchase investment products. Investment involves risks and the price of investment products may fluctuate or even become worthless. Past record is not an indicator of future performance. Losses may be incurred rather than making a profit as a result of investment. You should carefully and independently consider whether the investment products are suitable for you in light of your investment experience, objectives, financial position and risk profile. Independent professional advice should be obtained if necessary. Please read the relevant terms and conditions together with the risk disclosure statements in the prospectus of the investment product before making any investment decisions. The above information has not been reviewed by the Securities and Futures Commission of Hong Kong.

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