i-Invest for online trading

HSBC Bank (Taiwan) Limited is stated “HSBC” or “the Bank”

1. Promotion Period: 2019/10/16-2019/12/31
   
2. Offer valid for HSBC customers that have opened trust accounts and registered for internet banking services. In addition, the promotion is applicable only to foreign stocks and ETF buy and sell transactions during the promotion period. The discount is applicable only to products available on HSBC i-Invest. Only when the buying and selling foreign stocks/ETFs are unable due to the reasons of which the Bank is not responsible, the promotion discount will not be applicable to foreign stock/ETF buy and sell transactions after the promotion period.
3. The risk levels of  buying foreign stocks/ETFs must match the risk tolerance of the clients. If the risk tolerance evaluation of a client has expired, the system will guide the client to conduct the evaluation and will allow the client to trade only after the evaluation is done.
4. The fee collection of foreign stock/ETF trading and other issues will be subject to the Bank’s  rules.
5. The promotion cannot be combined with other foreign stock/ETF promotions or discounts. The Bank reserves the right to modify, pause, cancel, or suspend the promotion and the relevant content. Any change of the promotion and other issues will be announced on the official HSBC website.
6. The transaction fee discount is HSBC internet banking only. If the transaction fee is not reached the lowest transaction fee after the discount, you still need to pay for the lowest transaction fee (USD$30, HKD$250 and/or CNY250).
7. From the week of 2019/10/21 and total further 11 weeks, the Bank will randomly select 3 free transaction fee transactions (based on the order number) on Wednesday, and the transaction must be executed (fully executed or partially executed). The selected transaction may not be repeated for the next or further lucky draw. If the result of the transaction is a multi-day transaction, the result of the daily transaction can participate in the draw.
8. If the lucky draw day is a non-business day, the lucky draw will be postponed to the next business day. The transaction fee will be returned to the original currency account by January 31 of the following year.
9. If the transaction is not drawn during the week, you can still participate in the subsequent lucky draw until the transaction is drawn or the event ends.
10. The above fee discounts and / or luck draw are limited to the buy and sell transaction fees. Other exchange tax, fees and trust custodian fees are not included in the discount and / fee exemption of the lucky draw.
11. The winners will be announced on the official HSBC website (www.hsbc.com.tw). The winners must agree to the Bank's publication of some of its name, identity card number and the county where the communication is located.
12. Any related issue not fully addressed will be subject to other HSBC agreements and the law of ROC.

W-8BEN Form is a requirement of the U.S. Internal Revenue Service ("IRS") for U.S. tax reporting for non-U.S. persons

1. The form is:
   1. to establish that you are not a U.S. person; and
   2. to claim that you are the beneficiary of the US-sourced income for which the W-8BEN Form is provided; and
   3. exempts all US taxes on capital gains from trading securities for non-American individuals. However, dividends and interest incomes are subject to 30% withholding tax
   4. to claim, if applicable, a reduced rate of, or exemption from, withholding tax by being a resident of a foreign country with which the United States has an income tax treaty
2. Who needs to submit the form:
   1. If you are not an American or a beneficiary of dividends and interest incomes, you have to submit the W-8BEN Form to the withholding tax collection agency HSBC Bank (Taiwan) Limited
3. The validity of the form lasts three years since your signature (For example: If W-8BEN was signed on 2014/09/30, the validity lasts until 2017/12/31)
   1. W-8BEN Form must be filled out in English language
   2. Each holder of joint-account must fill out W-8BEＮ Form separately

If you need more information about the W-8BEN Form, please visit the US Internal Revenue Service (IRS) official website at www.irs.gov.

The above is for reference only. If you have any problem filling out W-8BEN Form, please consult independent individuals for assistance.

1. The deposit insurance related regulations are not applicable to foreign stocks/ETFs and the maximum loss could be the total invested amount.
2. Foreign stocks/ETFs are not deposits and the investors must bear their own profits and losses. The Bank does not guarantee the initial invested amount and the interest income. Aside from the best effort the Bank will commit, the possible losses on the invested amount and from currency exchange and company dissolution, liquidation, abalienation, stock split and reverse stock split will be undertaken by the client.
3. The foreign stocks/ETFs the Bank is commissioned to invest are in accordance with the scope and content of the relevant trust business regulations set by the regulators. However, this does not indicate the absence of risks.
4. The risk of trading foreign stocks/ETFs varies in terms of the product and the market in which the product is traded. The investor should understand the features and risks of the product, as well as the region where the issuing company operates and the change of sovereign rating of the invested foreign security.
5. The client’s investment of foreign stocks/ETFs should be based on independent and prudent judgments . In addition, the client should understand before investing the possible risks of (including but not limited to) country, interest rate, liquidity, currency exchange, inflation, settlement, event (market risk), tax, and credit. The Bank does not guarantee any profit or protection of initial investment amount of foreign securities.
6. The investment performances of foreign stocks/ETFs may differ based on different timing, and the past performance does not indicate the future performance. The foreign stock dividend rate does not represent foreign stock return rate and the past dividend rate does not indicate the future return rate. The prices of foreign stocks/ETFs could fluctuate due to market factors.
7. The trading of foreign stocks/ETFs may be ceased because of mechanism of foreign exchanges and markets. This will limit the ability to buy or sell specific ETFs/stocks, and the actual strike price may cause losses.
8. The income of foreign stocks/ETFs can be affected by the product, issuing institution, and the tax regulation of the investor. The change of tax-related regulation may further impact.
9. The Bank, when applied with regulations related to withholding tax, will withhold tax upon payment in accordance with related tax laws. If the regulations change, the tax of the client will alter accordingly and the gain and loss may be different from the expectation when buying.
10. Liquidity risk: Some foreign stocks/ETFs may not have enough market liquidity and may be hard to or unable to trade, stopped from trading or unlisted from the market. This may lead to losses of the investor. In addition, under the circumstance of not enough liquidity, Investors may not access reliable information of the prices of ETFs/stocks.
11. Currency risk: Regarding foreign stocks/ETFs denominated in foreign currencies, investors should notice that when foreign currency income and principal convert  to local or other currencies, currency exchange loss may occur.
12. Regulatory risk: Investments in foreign stocks/ETFs should be in accordance with regulations of local countries and markets. If the regulations differ from those of our country, the risk of the interest of the investor being affected due to changes in local regulation may occur. Investors are obligated to comply with not only the laws, rules, and regulations of our country and governing organizations but also the laws, rules, and regulations of local countries and markets.
13. Operational risk: The operation of the issuing companies of foreign stocks/ETFs may affect the prices of the securities. For example, a company may suffer severe decline in earning or even go bankrupt.
14. Settlement risk: In case of emergency, market factors, or holidays of the foreign stocks/ETFs settling and clearing institutions’ locations or their counterparts, the inability to settle or the delay of settlement may occur.
15. Market and event risk: Political and economic environment, commercial condition, confidence of investors, and significant events are possible factors that can affect the prices of foreign stocks/ETFs. The factors may occur in any market and caused losses.
16. Country risk: Events such as wars in markets may caused losses of foreign stocks/ETFs.