HSBC i-Invest equity trading platform supports you to invest your future

We'll refer to HSBC Bank (Taiwan) Limited as 'HSBC' or 'the Bank' in these terms and conditions.

1. HSBC (Taiwan) Commercial Bank Co., Ltd. is referred to as "HSBC Bank" or the Bank in this article.
2. Activity period: 2021/07/01-2021/09/30
3. HSBC Bank provides a platform for customers to purchase foreign stocks/ETFs by means of specific money trusts. Customers must complete account opening (including opening accounts for deposits denominated in the same currency as the currency in which the foreign stocks/ETFs investment is denominated and opening the specific money trust accounts),  Personal Internet Banking application and risk tolerance assessment before they can purchase foreign stocks/ETFs that are in line with the customer's risk tolerance through HSBC i-Invest Platform.
4. The foreign stocks or ETFs that customers buy must meet their risk tolerance. If the customer's risk tolerance assessment has expired, the system will automatically take the customer into the risk tolerance assessment before the transaction, and the transaction can be conducted after the assessment is completed.  If the foreign stock/ETF purchased by the customer is a U.S. stocks or ETFs, he/she needs to sign the U.S. tax identification document W8-Ben form before buying the U.S. stock/ETF. 
5. When trading foreign stocks and ETFs through HSBC i-Invest Platform, if the transaction amount of a single transaction is greater than or equal to USD 30,000 / HKD 250,000 / RMB 250,000, the transaction fee is 0.3%;  If the transaction amount is less than USD 30,000 / HKD 250,000 / RMB 250,000, the transaction fee is 0.5%.
6. If the transaction amount does not meet the minimum service fee collection standard, the bank still has to charge a minimum service fee of US$30, HK$250 or RMB250.  Regarding the charging methods of foreign stocks/ETFs or other matters needing attention in transactions, all shall be handled in accordance with the relevant rules of the Bank.
7. If the trades of foreign stocks or ETFs fail to be completed due to factors that are not attributable to the Bank, subsequent new transactions will not be eligible for the fee discount. The Bank will charge the service fee at the latest online banking service fee rate announced at the time of the order.
8. Please refer to the Bank‘s "Product and Service " and "Risk Disclosure“ for the charging method of foreign stocks (Stock) and index stock funds (ETF) or other matters needing attention in transactions.   
9. The Bank reserves the right to modify, suspend, cancel, and terminate this discount plan and the contents of this notice at any time.  If any adjustments are made to the content of the discount plan and related precautions, please refer to the information announced on the HSBC website.  Matters not covered in this note are handled in accordance with other agreed terms of HSBC and relevant laws and regulations of the Republic of China.
10. This product does not constitute investment advice or guarantees of returns, and is not intended as a request or offer to buy or sell any securities or financial instruments. Investors should make their own decision and pay attention to related investment risks.

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/territory, 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/territory, 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/territory 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/territory risk: Events such as wars in markets may caused losses of foreign stocks/ETFs.