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TERMS AND CONDITIONS - SUMMARY (The following is a summary for reference only. Please refer to attached Terms and Conditions for details.) • Terms & Conditions for Accounts & Services Applicable to all accounts and services • Terms & Conditions for Step-Up Interest Account (“the Account”) Applicable to Step-Up Interest Account • Terms and Conditions for Citibank ATM / Debit Card Services and Citiphone Services Applicable to Citibank ATM / Debit Card Services • Terms and Conditions of Citibank Global Wallet Applicable to Citibank Global Wallet • Terms & Conditions for Citibank Securities Services Applicable to Hong Kong, U.S., Shanghai, Shenzhen Securities Services and Bonds Brokerage Services • Terms & Conditions for e-Mutual Fund Annual Reports and Notices Service Applicable to Mutual Fund, FundSelect Savings Plan and Institutional & High Net Worth Fund Platform Services* • Terms & Conditions for Structured Note Transactions Applicable to Structured Product Investment (e.g. Market Linked Note, and Equity Linked Note / Investment) • Terms & Conditions for MaxiSavings Applicable to MaxiSavings Account • Terms & Conditions for Market-Linked Accounts Applicable to Market Linked Account • Terms & Conditions for FX Margin Trading Account Applicable to FX Margin Trading Account • Terms & Conditions for Gold Manager Applicable to Gold Manager • Terms & Conditions for Gold Premium Investment* (For Professional Investors Only) Applicable to Gold Premium Investment • Institutional & High Net Worth Fund Platform (“Platform”) Services Terms & Conditions* (For Professional Investors Only) Applicable to Institutional & High Net Worth Fund Platform Services • Terms and Conditions for Faster Payment System Services (“FPS Services”) Applicable to the FPS Services *Gold Premium Investment and Institutional & High Net Worth Fund Platform Services are restricted to Professional Investors Only www.citibank.com.hk Arc Design is a registered service mark of Citibank, N.A. or Citigroup Inc. Citibank (Hong Kong) Limited © 2018 Citibank Citi and CitiBank, N.A., organized under the laws of U.S.A. with limited liability TERMS AND CONDITIONS FOR ACCOUNTS AND SERVICES (Effective as of Feb 1, 2021) To: Citibank, N.A., Hong Kong Branch (“CitiHK”) (organized periodically in a statement, all to be issued by you. I agree under the laws of U.S.A.with limited liability), whose to verify the correctness of their contents in accordance with principal place of business is at 50/F, Champion Tower, these terms. Citibank Plaza, 3 Garden Road, Central, Hong Kong, is a 1.4 These terms and all such additional terms and documents, bank licensed under the Banking Ordinance and is registered advice, confirmation and statement as referred to above as a Registered Institution under the Securities and Futures shall constitute a single agreement for all purposes (the Ordinance to conduct Type 1 (dealing in securities), Type “Agreement”) and govern all transactions from time to time 4 (advising on securities), Type 6 (advising on corporate concluded with or through you, it being understood that you finance) and Type 9 (asset management) regulated activities; would not otherwise enter into any such transaction. Citibank (Hong Kong) Limited (“CHKL”), whose 1.5 Nothing in these terms, whether expressed or implied, is registered office address is Citi Tower, One Bay East, intended to, or will, confer on any person any benefit or any 83 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong, a right to enforce any term which such person would not have bank licenced under the Ordinance and registered under but for the Contracts (Rights of Third Parties) Ordinance section 119(1) of the Securities and Futures Ordinance to (Cap.623 of the Laws of Hong Kong). conduct Type 1(dealing in securities) and Type 4 (advising on securities) regulated activities with C.E. Number of 2. Facilities and Services AAY797. 2.1 Presently a wide range of services including checking, (Each of CitiHK and CHKL is referred to hereinafter as a deposit, investment, banking facility and credit card “Bank” and together as the “Banks”); and accounts are available to me by any of you. You may from Diners Club International (Hong Kong) Limited time to time fix the minimum and/or maximum amount or (“Diners”) value for any transaction to be conducted by me. 2.2 Investments may include deposits and investments of any nature including those in or linked to deposits, securities, GENERAL TERMS funds, unit trusts, bonds, bearer certificate of deposits, Hereinafter, “I” refers to your client, being holder of the money market instruments, foreign exchange, interest rate, accounts maintained with you and including one or more commodities, financial futures, commodity index or any individuals, sole proprietorship, partnership, corporation other index, indicator, or spot, forward, margin, option, and unincorporated association or body and “You” refers to swap, netting or derivative arrangements or contracts for any and /or all of CitiHK, CHKL and/or Diners. differences. As used here, the singular or plural number shall each 2.3 Deposits may include deposits with you in Hong Kong or include the other and words importing a gender shall include placed by you with Citigroup, Inc. or any of its subsidiary, every gender unless the context otherwise indicates. affiliated or associated companies or related entities or its The following sections are applicable to all facilities and branches from time to time inside or outside Hong Kong services provided by you: (each a “Citigroup Organisation”). 2.4 You may close any account suspend or terminate any 1. Introduction facility, services, contract or transaction at any time by 1.1 These terms form part of the account opening application notice to me without liability or compensation although (including the mandate) I have signed and together form you may have committed to provide or maintain the same the contract which governs my relationship with you as for a period of time. You may also at any time post any your client on your present and future facilities or services restrictions on my account(s), remove any such restriction through any account (whether of a deposit, investment or as imposed or withhold amounts in any accounts at your borrowing nature). sole discretion or in order to comply with any consents, 1.2 Each facility or service may be subject to new or additional licenses and authorizations of any governmental or other terms or supplemented by a brochure or pamphlet containing regulatory body applicable to any transaction with or applicable product features or guidance. You may send such service provided to me, and all laws, rules, regulations, documents to my address last registered with you or require orders, decisions guidelines, procedures (including my signed acknowledgement or otherwise make such policies and procedure of any Citigroup Organization) and documents readily available. I agree that if I utilise your other requirements whatsoever whether having legal force facility or service or if I do not terminate this agreement or or otherwise of any regulatory body, exchange, clearing any related accounts within 30 days from receipt or deemed house, governmental or other authority to which you, or receipt by me (whichever is earlier), I will be deemed (even the execution and/or clearing of any transaction or service, though) you have not received my signed acknowledgement is subject (the “Authorities”) (collectively referred to as the or I may be a “ Hold-All-Mail” client to have received and “Law or Regulation”). Upon your demand, my liabilities accepted the terms of such documents as binding on me. under such facility, service, contract or transaction shall 1.3 In accordance with your prevailing practice and subject become immediately due and payable to you. to any statutory or regulatory requirements, details of an appropriate transaction will be set out in an advice 3. Your Role and Liability or confirmation, and all transactions will be summarised 3.1 Any deposits with or other investment obligations of any www.citibank.com.hk Account and Services 1 of 23 CitiBank, N.A., organized under the laws of U.S.A. with limited liability Citigroup Organisation’s entity or branch in any particular and/or (c) any third party selected by you or any Citigroup jurisdiction will be paid at and out of the assets of that Organisation to provide services to you or it and who is not branch or entity and are subject to the laws and practices a payment infrastructure provider (meaning a third party of that jurisdiction. No other branch or entity shall be that forms part of the global payment system infrastructure, responsible for payment of these deposits and obligations including without limitation, communications, clearing or due to restrictions or events beyond the control of that entity payment systems, intermediary banks and correspondent or branch which prevent it from fulfilling its obligations. banks (the “Payment Infrastructure Provider”)) (the “Third In this context, “restrictions” shall not include restrictions Party Service Provider”) may break a Law or Regulation. on payment directly due to liquidation or insolvency of any You will not be liable to me for any loss or damage relevant Citigroup Organisation. suffered by me resulting in any way from a refusal to act on 3.2 All of your obligations incurred in respect of CitiHK and Instructions under this Clause 4.3 or Clause 5. CHKL are payable solely at and by CitiHK and CHKL 4.4 Without prejudice to Clause 4.3, if any account that I respectively, subject to the laws of Hong Kong (including maintain with you is subject to any restriction or order any governmental actions, orders, decrees and regulations). under Law or Regulation (including, without limitation, 3.3 Whenever any deposit or other investment is placed or made a court order), I acknowledge and agree that you may, in by you on my behalf, I agree that you act as my agent for your absolute discretion, act on such restriction or order my sole risk and account.
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