Terms and Conditions for Hang Seng FX and Precious Metal Margin Trading Services and FX2 - FX and Precious Metal Trading Services – Promotional Offers:

1. The Promotion Period is from 1 October to 31 December 2022, both dates inclusive (the "Promotion Period").
2. The offer is only applicable to Hang Seng Bank Limited (the “Bank") Signature Banking, Prestige Banking, Preferred Banking and Integrated Account customers ("Eligible Customers").

3. 1. Offer 1 – Net Gross Open Position Reward:

      • During the Promotion Period, Eligible Customers who have newly opened or have existing Hang Seng FX and Precious Metal Margin Trading Services Account, Hang Seng Advanced FX and Precious Metal Margin Trading Services Account, Hang Seng FlexiForex / ProForex Trading Services Account or FX2 - FX and Precious Metal Trading Service Account (each an "Eligible Account”, collectively “Eligible Accounts'') and successfully completed a FX or precious metal trading transaction or a FX or precious metal margin trading transaction through Hang Seng Personal e-Banking or Hang Seng Personal Mobile App or Phone Banking Service (each an "Eligible Transaction"), can enjoy the offer below:
      • Eligible Customers who successfully completed Eligible Transactions with gross open position on the last trading day of every calendar month in the Promotion Period (i.e. 31 October 2022, 30 November 2022 and 31 December 2022) is higher than the last trading day of previous month, and as of 31 December 2022, the gross open position of foreign exchange and precious metal is higher than the gross open position as of 30 September 2022 (the “Net Gross Open Position”) at a specified amount, cash reward will be awarded: (i) For every Net Gross Open Position of the FX and Precious Metal Margin Trading Services reached HKD500,000 equivalent, cash reward of HKD100 will be awarded. Each Eligible Account will be entitled to receive a maximum of HKD5,000 cash reward in total for the entire Promotion Period; (ii) For every Net Gross Open Position of the FX2 - FX and Precious Metals Trading Services reached HKD50,000 equivalent, cash reward of HKD50 will be awarded. Each Eligible Account will be entitled to receive a maximum of HKD5,000 cash reward in total for the entire Promotion Period. The Net Gross Open Position of Eligible Transactions will be calculated based on the gross open position of foreign exchange and precious metals as of 31 December 2022 minus the gross open position as of 30 September 2022. Match and square transactions, conditional orders and mark-cut orders are eligible and will be taken into account in determining the Net Gross Open Position. The value of any cancelled or unsuccessful transactions will be excluded. If the currency of the Eligible Transaction is non-Hong Kong Dollar, the Bank will convert the relevant investment amount into Hong Kong Dollar at the exchange rate determined by the Bank on the last trading day of December 2022 (i.e. 31 December 2022) to calculate the Eligible Transaction of the Net Gross Open Position amount in HKD.
      • Example (for illustrative purpose only):

      Example	Gross open position of the foreign exchange and precious metal margin trading service as of 30 September 2022	Gross open position of the foreign exchange and precious metal margin trading service as of 31 October 2022	Gross open position of the foreign exchange and precious metal margin trading service as of 30 November 2022	Gross open position of the foreign exchange and precious metal margin trading service as of 31 December 2022	Net Gross Open Positions greater than the last trading day of previous month, and the gross open position as of 31 December 2022 is HKD500,000 higher than the gross open position as of 30 September 2022?	Total cash reward entitled
      Customer 1	HKD1,000,000	HKD2,000,000	HKD2,500,000	HKD3,000,000	✓	HKD400 (Net Gross Open Position at HKD2,000,000，cash reward entitled= HKD100 x 4)
      Customer 2	HKD1,000,000	HKD2,000,000	HKD2,200,000	HKD1,000,000	✖	No cash reward
      Customer 3	HKD500,000	HKD550,000	HKD600,000	HKD650,000	✖	No cash reward

   2. Offer 2 - Precious metal transaction commission waiver:

      • During the Promotion Period, Eligible Customers who have newly opened or have existing Eligible Accounts, and through Hang Seng Personal e-Banking or Hang Seng Personal Mobile App to trade precious metal, the transaction commission (currently USD1/lot per transaction for precious metal of FX and Precious Metal Margin Trading Services & USD0.2/lot per transaction for precious metal of FX2 – FX and Precious Metal Trading Services) is waived. The offer is only applicable to New Orders and Square Orders with spot price. Match and square transactions, conditional orders, mark-cut orders and cancelled or unsuccessful transactions are not eligible.

   3. Offer 3 – Online trading reward:

      • Eligible Customers who have newly opened an Eligible Account during the Promotion Period or did not conduct any foreign exchange and precious metal trading or foreign exchange and precious metal margin trading through an existing Eligible Account from 1 January 2022 to 30 September 2022 (both dates inclusive) are considered as selected customers (“Selected Customers”).
      • Selected Customers who successfully completed a first foreign exchange or precious metal transaction (regardless of the transaction amount) via Hang Seng Personal e-Banking or Hang Seng Personal Mobile App, cash reward of HKD100 will be awarded. The offer is only applicable to New Orders. Match and square transactions, square orders, conditional orders, mark-cut orders and cancelled or unsuccessful transactions are not eligible.
4. The above offers are calculated on a "per account basis".
5. Customers cannot open/hold Hang Seng FX and Precious Metal Margin Trading Service Account and FX2 - FX and Precious Metal Trading Service Account at the same time.
6. The Bank will credit the cash reward in Hong Kong Dollar into the Hong Kong Dollar settlement account of the Eligible Account of the Eligible Customer/ Selected Customer in one lump sum on or before 31 March 2023. The Eligible Account must remain valid when the relevant cash reward is credited.
7. No person other than the relevant Eligible Customers and the Bank (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provision of these Terms and Conditions.
8. These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
9. These Terms and Conditions are subject to prevailing regulatory requirements (where applicable).
10. Unless otherwise specified, the above offers cannot be used in conjunction with other FX and Precious Metal Margin Trading Services offers of the Bank and are not applicable to Commercial Banking and Private Banking customers of the Bank.
11. The Bank reserves the right to suspend, revise or terminate this promotion and the above offers and to amend these Terms and Conditions at any time without prior notice. The decision of the Bank on all matters relating to the above promotion and the offers shall be final and binding on all parties concerned.
12. In case of any discrepancy between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.