Calculation method of "Eligible New Fund Balance"*:


"Eligible New Fund Balance" of customer = (A) Latest deposit balance of a currency – (B) Deposit balance of the same currency as of 30 calendar days ago – (C) Sum of principal amount which has been entitled to new fund offer of Time Deposit within the last 30 calendar days


Reference example

Latest deposit balance (A) $170,000
Deposit balance as of 30 calendar days ago (B) $30,000
Incremental balance (A-B) $140,000
Sum of principal amount which has been entitled to new fund offer of Time Deposit within the last 30 calendar days (C) $20,000
Eligible new fund balance (A-B-C) $120,000
Latest deposit balance (A) Deposit balance as of 30 calendar days ago (B) Incremental balance (A-B) Sum of principal amount which has been entitled to new fund offer of Time Deposit within the last 30 calendar days (C) Eligible new fund balance (A-B-C)
$170,000 $30,000 $140,000 $20,000 $120,000

* "Eligible New Fund Balance" refers to the incremental balance when comparing the latest deposit balance with the balance of the same currency as of 30 calendar days ago, after deduction of the sum of principal amount which has been entitled to new fund offer of Time Deposit within the last 30 calendar days. The balance of all accounts, including Savings Accounts, Current Accounts and Time Deposits of Hong Kong Dollar and foreign currencies (whether accounts in sole name or joint name), will be counted towards the calculation of "Eligible New Fund Balance". The Bank reserves the right of final decision should there be any dispute in the definition of "Eligible New Fund Balance".