Invest in green overseas equities and ETFs for a sustainable future

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

1. The promotional period for this offer will run from 1 April - 30 June 2020 inclusive.
2. This offer is valid for HSBC customers who hold a securities account and are registered for Personal Internet Banking. It is applicable only to foreign stocks and ETF trades made via HSBC investment services and products during the promotional period. It cannot be applied to trades completed outside the promotional period for any reason, and the Bank cannot be held responsible for transactions executed outside this period.
3. The foreign stocks or ETFs purchased must match your risk tolerance. If your risk tolerance evaluation has expired, you'll be guided to complete an evaluation again before you're allowed to make a trade.
4. Any fees collected during the trade of foreign stock or ETFs will be subject to the Bank's rules and regulations.
5. This offer cannot be used in conjunction with other promotions or discounts relating to foreign stock and ETF trading. HSBC reserves the right to amend, suspend or terminate the offer and other relevant promotions. In the event of such a change, the Bank will make an announcement on the HSBC website.
6. The laws of the Republic of China shall govern the determination of any matters or disputes not covered by these Terms and Conditions or by HSBC rules and regulations.
7. The transaction fee discount applies to trades made via HSBC Personal Internet Banking only. The minimum fee that will charged for each transaction is USD30, HKD250 or RMB250.

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.