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定期儲蓄計劃 – 「智富」
條款及細則
智富是安智環球服務有限公司提供的一項定期供款投資相連儲蓄計劃。安智環球服務有限公司將以受託人的身份處理及持有投資。
安智環球服務有限公司依據香港《受託人條例》及《公司條例》在香港註冊成立及進行登記，其註冊辦事處為香港港島東華蘭路 25 號栢克
大廈 27 樓 2701 室。
該等條款及細則連同申請表及內附的計劃契約及任何將來的補充契約（統稱「本協議」）構成閣下與本公司彼此關於本協議擬定交易的完整協議，並替代及終結雙方之前關於相關交易訂立的所有協議。如有任何不一致之處，概以該等條款及細則為準。在訂立本協議時，任何一方不得倚賴任何其他方或其代表在本協議簽署前作出的任何聲明、保證、抵押合約或其他擔保（本協議所列者除外），且雙方，放棄其本應可就本條文任何該等聲明、保證、抵押合約或其他擔保可能獲得的所有權利及濟助，前提是本條文的任何內容概不得限制或排除欺詐、不誠實或故意隱瞞的法律責任。
本協議並未涵蓋適用於閣下計劃的稅項規則，因此閣下應諮詢自己的財務顧問，獲取獨立稅務意見。安智環球服務有限公司就其絕對決定權保留拒絕受理任何申請的權利。
聯絡詳情
x智環球服務有限公司
香港港島東華蘭路 25 號
栢克大廈 27 樓 2701 室
電話： (000) 0000 0000
傳真： (000) 0000 0000
請注意由安智環球服務有限公司提供的刊物或產品乃未經香港證券及期貨事務監察委員會審批，不得在香港對公眾派發或銷售。
在本計劃條款及細則中：
1. 定義及釋義
1.1 除另有說明外，計劃所用詞語及詞句具有以下涵義：
xx或本公司 指安智環球服務有限公司；且本公司的及我們亦相應解釋。
閣下 指計劃持有人，且閣下的亦相應解釋。
賬戶價值／投資價值／計劃價值 指首初賬戶及累積賬戶中代表各資產選擇的名義單位總數乘以其適用的賣價後所得之金額。
賬戶單位 指所有首初單位及累積單位。
累積賬戶 指含有累積單位的賬戶。
累積單位 指於首初供款期過後之供款所購買的單位。
累積賬戶價值 顯示閣下累積賬戶的名義價值，等於累積賬戶中持有的名義單位數目乘以資產各自的賣價。
增加定期供款 指第5.3條款所賦予的涵義。
本協議 指有關條款和細則、客戶申請資料表與所附的計劃契約書，以及任何日後的補充契約。
資產 指基礎基金或基礎產品或基礎商品或其他投資。
資產選擇 指基金選擇或產品選擇或商品選擇。
賣價 當客戶要賣出資產單位時，資產管理公司於買回相關單位時所用的價格。故對資產持有者而言為賣價，而對資產管理公司而言則是買入價。在本條款與細則中將以「賣價」稱之。此通常用於計算資產轉出、贖回或註銷單位以支付相關計劃費用。
商品／基礎商品 指商品或以期貨交易之商品，包括但不限於以實體或期貨交易之黃金、白銀或任何其他貴金屬。每項由閣下所選擇的商品期貨皆有相對應的基礎商品。xx將買入或賣出閣下所選擇之相對應的基礎商品單位數。xx會定期審視提供於平台上的商品選擇。
商品選擇 指閣下選擇的商品。
供款 指根據本計劃支付予安智的款項，包括定期供款、單筆供款及增加定期供款。
供款假期 指在首初供款期之後，閣下暫時停止支付定期供款或任何增加定期供款的期間。
供款貨幣 指根據計劃須用以作出供款的貨幣，且未經本公司書面許可，在計劃開始日期後，不得轉為其他貨幣。
供款年期 (「CPT」) 就定期供款而言，指閣下同意支付定期供款的期間；及就增加定期供款而言，指於首次收到增加定期供款的可用資金之日時，剩餘未付的計劃供款年期。
解約價值 指所有賬戶單位在下一個估值日的賣出價值，但須受第3.5條條款規範。
補充契約 指xx為記錄及確認計劃契約內容修訂而發出的書面文件。
溢付現金賬戶 指第 7.5 條款所賦予的涵義。
額外分配 指第 4.1 條款所賦予的涵義。
退出費用 指第 6.6 條款所賦予的涵義。
退出費用率 指第 6.6 條款所賦予的涵義。
海外賬戶稅收遵從法 (“FATCA”) 意指；
(a) 海外賬戶稅收遵從法是由美國稅務局頒布，收錄在美國稅法第4章第1471-1474條裡，此法案會不定時被修訂或增補。
(b) 任何條約、法律、法規或任何其他司法管轄區頒布的其他正式指引或美國和其他司法管轄區跨政府間的協議，其（任何一種情況）
可促進上文(a)項的執行;
(c) 任何協議依照上文與美國稅務局、美國政府或在任何其他司法權區的任何政府或稅務機關有關(a)或(b)項之執行。
FATCA 預扣所得稅 指依據海外賬戶稅收遵從法之規定，一種款項支付的扣除額或預扣額。
FATCA 可扣繳給付項目 各種由美國來源的所得，包括支付的利息（包含原始發行折扣）、股利以及固定或可確定的年度或定期收益、利潤和收入，還有任何可從美國境內產生利息或股利的財產交易所得。 FATCA也會要求預扣將於2016年12月31日後支付的銷售款項。某些源自美國與借貸交易有關的財務支付、投資顧問費、保管費、銀行或經紀費用也包括在內。
基金／基礎基金 指基金經理操作的投資基金，閣下基金選擇中的各項基金均有相應的基礎基金。安智將購買或出售閣下基金選擇中相應基礎基金單位。xx將在平台中定期審核基金選擇。
基金選擇 閣下的各項基金選擇均有相應的基礎基金。在本公司的環球資產選擇簡介中可找到所有相應基礎基金的名單。
關閉通知 指第7.9(b)條款所賦予的涵義。
暫存賬戶 是一個無息的資金暫存賬戶，當正在進行供款分配或資產轉換的過程中，在等待下一個估值日到來的期間，將以相關資產選擇中相應的基礎資產之貨幣計值暫時顯示於本賬戶。
首初供款期（「ICP」） 就定期供款而言，指從計劃開始日期開始，一直持續到第 5.5 條款所指明的期間。首初供款期將隨供款年期長短而不同；且就增加定期供款而言，該供款期間始於收到增加定期供款的可用資金之日，至計劃剩餘未付供款年期的長度而訂。
首初賬戶 指含有首初單位的賬戶。
首初賬戶價值 顯示閣下首初賬戶的名義價值，等於首初賬戶中持有名義單位的數目乘以資產各自的賣價。
首初單位 指以定期供款，及在相關首初供款期期間提供的各增加定期供款（如適用），包括額外分配（如有）所購買的單位。
首初賬戶管理費 指根據第6.2條款，本公司透過扣取首初賬戶中的單位而收取的費用。
忠誠獎賞 對供款年期達到或超過10年以上的計劃，將根據第4.2條款的規範，分配忠誠獎賞於累積賬戶。
最低供款 指分配給一項資產選擇的最低金額。
每月供款 指每月定期供款或增加定期供款，或定期供款或增加定期供款的平均每月數額（如按其他供款頻率支付）。
最低計劃價值 指3,000美元或等值金額，若有任何更改將在發出通知的一個月後生效。
名義單位 指在名義上須購買的基礎資產單位，無須考慮為支付第6條款施加的收費而扣取的單位。名義單位價格的設定與基礎資產的單位價格相同。名義單位僅用於計算閣下計劃的價值。
買價 當客戶要買入資產單位時，資產管理公司賣出相關單位時所用的價格。故對資產持有者而言為買價，而對資產管理公司而言則為賣出價。在本條款與細則中將以「買價」稱之。當xx為閣下買入所選擇資產之相應的基礎資產單位時，即以該價格投資或轉入基礎資產。
停供 指定期供款已停止供款超過24個月，且根據第6.5條款，須就計劃支付停供費用。
停供費用 指第6.5條款所賦予的涵義。
部份提款 指第3.4(a)條款所賦予的涵義。
計劃 指安智環球服務有限公司提供的一項名為「智富」的定期供款投資相連儲蓄計劃，其條款及細則載於本協議。
計劃賬戶 指閣下持有的計劃中，該賬戶內所持有的單位數。
計劃週年 指每年與計劃開始日相同的月份及日期。
計劃開始日期 指計劃契約上所標示的計劃開始日期。
計劃費用 指根據第6.1條款就計劃應支付的費用。
計劃到期日 計劃契約中所述，作為計劃到期日的日期，其為供款期限截止的日期，於該日期後就計劃解約或自計劃提款而言，概無退出費用。
計劃月份 與計劃開始日期相同的每月該日。
計劃持有人 指計劃契約中指明的計劃申請人(們)或其繼承人或其受讓人。
計劃契約 計劃開始日期發行的文件或相關最新修訂版本及任何補充契約，其中列明了閣下計劃的具體詳情。
組合管理經理人 受閣下委任，由其決定計劃的投資組合、供款分配及資產或投資轉換。
產品選擇 指閣下選擇的基礎商品。
註冊辦事處 x智在有關時間位於香港的註冊辦事處。
定期供款 指根據計劃契約中所示應定期支付的供款金額。
定期提款 指在首初供款期後，在閣下要求下，透過填寫本公司提供的相關表格，且經本公司同意下，定期持續性的提取固定款項。
恢復計劃 當計劃失效後，重新開始支付定期供款或增加定期供款。閣下可根據第 3.6 條款於計劃被終止前請求恢復計劃。
單筆供款 指閣下額外所給付的單一款項，另載明於本公司所發出的補充契約，並不包括定期供款及增加定期供款在內。
額外首初期 指同首初期般的一段時間，但乃於增加定期供款生效開始。
結構性產品包括
(a) 一種工具，在此工具下全部或部份的回報或到期金額（或回報與到期金額兩者）；或一種結算方式，其決定來自一個或多個的： (i)價格、價值或任何類別等級（或在一個價格、價值或等級範圍）
或各類型證券、產品、指數、地產、利率、匯率或期貨合約組合的改變；或
(ii)價格、價值或任何超過一種類型的任何一籃子等級（或在一個價格、價值或等級範圍）或各類型證券、產品、指數、地產、利率、匯率或期貨合約組合的改變；或
(iii)任何特定事件或事件（不包括單一事件、或相關事件僅與產品發行商或擔保人或兩者皆有關）的發生或不發生;
(b) 一份協議的目的或作用，或佯稱目的或作用，不論其為附有條件或無條件的去提供協議裏任何一方的利潤、收入或其他回報，此回報是參照任何財產價值的變化計算而來；和
(c) 任何類似的權益，權利或財產。
基礎資產 指基礎基金或基礎產品或基礎商品或其他基礎資產。
基礎產品 指結構性產品，每項閣下所選擇的產品皆有相對應的基礎產品。xx將買入或賣出閣下所選擇之相對應的基礎產品單位數。安智會定期審視置於平台上的產品選擇。
單位 指基金或基礎產品或基礎商品被分配的份額或單位。
單位價格 就基金或結構性產品或商品而言，其每單位的價格。
估值貨幣 指就計劃的估值而言，閣下在申請表中指明的貨幣。
估值日 就資產而言，指香港營業日的日期及（如有關）基礎資產營業日。
提款 指從計劃中提取款項，這將減少計劃價值。
1.2 在該等條款及細則中，除非另有明確表示，否則單數包括複數，而陽性則包括陰性及中性，反之亦然。
1.3 條款及細則中使用詞語「包括」的地方被視為有詞語 「不限於」跟隨其後，條款及細則中使用詞語「其他」及「其他方面」的地方乃說明性詞語，不得限制該詞語之前的詞語含義。
1.4 在本條款及細則內，所提及條款或分條款，即指本條款及細則內的條款或分條款，而在本條款及細則內所提及的附件，則指本條款及細則的附件。
2. 一般條款
2.1 一 般 條 款
x計劃的名稱為「智富」。為閣下提供多種投資工具的途徑。
2.2 冷 靜 期
(a) 閣下可在計劃契約發行後 30 天之冷靜期內取消本計劃。如閣下希望取消本計劃，閣下的取消申請（「申請」） 必須為書面形式，並經過閣下簽署後，送往本公司註冊辦事處直接由本公司簽收。
(b) 在收到閣下的申請後，本公司將在 45 個曆日內退還本公司收到的所有定期供款及單筆供款，但不計利息。本公司將從中扣除一部份金額用於支付因申請或變現計劃中的資產而引起、或與之相關的任何差額、損失、收費及成本。
2.3 貨 幣
(a) 供款須以供款貨幣作出。閣下供款分配所選擇的資產其使用的貨幣可能不同於供款貨幣。當購買或出售與閣下資產選擇相應的基礎資產中的單位時，交易將依本公司處理付款當日，按資產選擇貨幣及供款貨幣（經本公司合理判斷決定）的當時匯率進行。
(b) 閣下必須在申請書中指明供款貨幣及估值貨幣。如未指明估值貨幣，則將使用供款貨幣作為默認之估值貨幣。計劃的估值貨幣可為以下 6 種貨幣中的其中一種：美元（USD）、歐元 （EUR） 、澳元 （AUD）、人民幣（CNY）、港元（HKD）或日圓（JPY）。本公司可使用絕對決定權，接受其他估值貨幣。
(c) 就估值而言，閣下計劃中名義單位的價值將在估值報表中合併計算，並按基礎資產貨幣及估值貨幣分別估值。估值貨幣將在年度報表中 述明並採用，報表將發送至閣下，為閣下提供本計劃投資狀況的最 新資訊。如果在年度報表發送至閣下後一個月內，本公司未收到閣 下任何異議表示，則閣下將被視為接受該年度報表及年度報表中的 所有內容。
(d) 凡解約或提款一律以美元計算。然而事先經書面申請指示，本公司可按當時匯率（經本公司合理判斷決定）使用不同的貨幣支付。
(e) 通常，與計劃相關的任何文件中引用的所有供款數額均以美元為代表。若要將該數額轉換為其他貨幣，應使用以下兌換率：
貨幣 | 美元 | 歐元 | 澳元 | 人民幣 | 港元 | 日圓 |
美元 | 1 | 1 | 1 | 7 | 8 | 100 |
如果自[2014年6月1日]起，以上任何貨幣的市場匯率變動超過20%，則本公司可透過向閣下發出不少於三個月書面通知的情況下，修改一或多項兌換率以反映當時通行的市場匯率。
(f) 就計劃而言，本公司有權在只要兌換乃為適宜或有需要的情況下兌換該等金額。當有任何貨幣兌換時，本公司可在任何與外匯管制或任何其他限制相關適用法律的規範下，按上文第 2.3(e)條款中規定的比率或當時匯率(經本公司合理判斷決定)進行貨幣兌換。
2.4 通 訊
計劃持有人的地址、居住國、國籍或戶籍有任何的更改，必須盡快以書面通知該項變更。
(a) 凡本協議下擬發出的通知將以郵遞寄往閣下告知本公司的最新通訊地址，或以電郵發送至閣下的電郵地址，且在郵寄或電郵發出後 48 小時內被視為閣下已收到該通知。
(b) 凡發送至本公司的任何申請或通知，僅在該等申請或通知的原件
發送至本公司的註冊辦事處時，方被視為已由本公司接收，但本公 司可就傳真、電郵或其他電子方式接收的任何申請或通知酌情行事。在按照申請或通知行事之前，本公司保留向閣下索取額外資訊或文 件（將由閣下提交）的權利。
2.5 終 止
在第 3.7 條的規範下，計劃將在最早出現以下情況時自動終止：
(a) 於首初供款期間沒有作出定期供款；或
(b) 如在首初供款期之後，計劃價值低於最低計劃生效價值；
(i) 因首初供款期之後的任何提款或定期提款所致，或
(ii) 在扣除任何相關費用後（僅因市場變動使計劃價值少於最低計劃價值時除外），在供款假期內的任何時間，或
(c) 計劃被取消；或
(d) 已支付解約價值；或
(e) 安智在計劃到期日後收到閣下提取計劃全部款項的書面指示。
如本公司認為任何監管或稅務責任之施加使本計劃另外受到制約，則本公司可隨時終止計劃。
上文(a)、(b)、(c)及(d)中的情況均須繳納依第 6.3 條中所載的適用退出費用。終止後，閣下將有權獲得來自出售賬戶單位的變現價值（扣除任何適用的費用及收費後）。
2.6 數 位 調 整
x公司保留在任何計算中將任何數字小數位調整的權利。此類計算將包括但不限於費用的決定、單位價格，以及開立、贖回及／或單位分配的計算。基於本公司的當前慣例（亦即依基礎資產的規則），數位調整將產生以下結果：
(a) 按最接近的小數位後二個位、三個位或四個位，分配及扣取資產的名義單位；及
(b) 按最接近的小數位後二個位、三個位或四個位，計算閣下計劃的價值及閣下計劃的費用。
凡資產的賣價或買價將不會以四捨五入進行調整。儘管有前述規定，但本公司保留權利在不少於一個月的時間發出書面通知，或在給予符合相關監管要求的其他通知期情況下，調整各計算中的小數位數字或調整方法。
2.7 組合管理經理人
(a) 經本公司同意，閣下可就資產轉換決策或更改供款分配或閣下計劃的其他方面，委任一名組合管理經理人代閣下行事，但閣下須首先明確理解閣下必須就組合管理經理人的作為或不作為承擔全部責任。本公司對閣下委任組合管理經理人的同意並不構成對該組合管理經理人的推薦或為其代表。組合管理經理人是計劃持有人而非安智的代理人。
(b) 就任何對組合管理經理人的委任或終止委任而言，閣下必須使用本公司同意的適當表格，並符合屆時生效的所有指明要求。
(c) 本公司在任何時候皆保留終止或拒絕閣下提出委任的權利。xx將不會就該委任組合管理經理人、或安智接受組合管理經理人的任何請求或指示或據以行事而產生的任何損失承擔法律責任。本公司將不會對該委任組合管理經理人、或與委任組合管理經理人相關而招致的任何實際或預期損失負責。
2.8 情況改變
如果發生以下情況，本公司有權在給予提前一個月書面通知的情況下隨時更改、修改或終止本協議：
(a) 出現影響計劃的法律變動；
(b) 出現影響計劃的稅務處理變動；或
(c) 因不受本公司控制的法律或其他情況變動而導致不可能或無法執行本協議中的任何條文。
如果安智或計劃持有人，即構成本協議的雙方或任何一方，在任何時間因執行本協議規定之所有或任何義務而致違反法令時，我們有權更改、修改或終止本協議，且在發出通知予閣下後立即生效。
如依據本條款而需終止本協議時，仍適用第6.6條款規定的退出費。
本公司保留不時以合理額度修改收費水平、最低供款、各資產的最低價值、最低計劃價值及本協議中提及任何金額的權利，以反映通貨膨脹及營運成本。
2.9 稅 務
x公司將不會就因本計劃而引起或與本計劃相關的任何稅務責任或問題承擔責任。建議閣下向專業稅務顧問尋求有關本計劃的獨立稅務建議。
2.10 法律及司法管轄區
x條款及細則受香港特別行政區的法律管轄，並據其解釋。香港特別行政區的法院具有獨有的管轄權，解決因該等條款及細則而引起或與之相關的任何爭議及申索。
2.11 可分割性
x本協議中任何條款的全部或部份可能被認為屬不合法規或不可強制執行，則其他條款及相關條款剩餘部份將仍然具十足效力及作用。
2.12 資料保護
x智尊重資料保護，並將努力對計劃持有人xxx提供的任何資料進行保密。然而，閣下同意安智可就計劃或本協議與任何xx認為適合的公司及人士共享資料，或按要求向其監管機構、法院或法律規定的任何其他人士提供資料。此外，安智可能還會因上述任何目的（包括資料處理及儲存）將閣下的個人資料轉移至任何地方。
2.13 不一致
如果本協議的英文、中文 或其他語言版本之間有任何不一致之處，以英文版本為準。
3. 擁有權條款
3.1 計劃擁有權
(a) 計劃持有人乃為本計劃的持有人，有權行使賦予本協議下計劃持有人的所有權利。本公司代表計劃持有人以信託形式持有本計劃的賬戶單位及其他利益。
(b) 閣下可更改本計劃的持有人，該更改通知僅在本公司於計劃持有人於計劃有效的生存期間，經本公司簽署並註明更改日期後方為有效。在簽署並註明更改日期前，本公司將不會就本公司已作出的任何付款或採取的其他行動負責。
3.2 如計劃持有人不止一人（聯名計劃持有人）
(a) 如計劃持有人不止一人，則本協議下所有計劃持有人的權利及義務須為共同連帶的權利及義務。
(b) 如計劃持有人不止一人，依本公司被賦予的絕對決定權，則任何一名計劃持有人將被視為獲授權向我們發出本協議下的指示及通知，並代表所有計劃持有人接受通知、接收付款及享有本協議下的利益；且本公司依其絕對決定權，接受其中任何一名計劃持有人指示，而不論該指示與任何其他計劃持有人的指示有任何不一致之處。本公司將不會就遵守任何一名計劃持有人的指示或其他方面承擔任何法律責任。本公司無須向所有計劃持有人，確認任何一名計劃持有人提供給本公司任何指示的合法性，或任一名計劃持有人代表所有計劃持有人行事的權限。
(c) 如有超過一位以上的計劃持有人，有關本計劃的任何條款，其權利歸屬於共同持有人中的生存者。
3.3 轉 讓
閣下享有可向其他人士轉讓本計劃的權利。如果閣下希望轉讓本計劃的權利予他人，閣下必須透過提交一份已填妥的表格（可向本公司索取），並確保本公司收到閣下意圖如此行事的正式通知。該表格必須寄送至本公司，且該更改僅限於現有所有計劃持有人於計劃有效的生存期間，經本公司簽署並註明更改日期後方為有效。本公司將不會就因
x協議下的任何轉移或指派、或閣下未能根據本條款通知我們而引起或與之相關的任何後果、債務或損失承擔任何責任。
3.4 提 款
閣下可根據以下條款從累積單位中作出提款或定期提款：
(a) 當計劃有效時，可隨時自累積單位中提取部份的款項（「部份提款」），前提是每筆部份提款的金額必須等於或高於下表所列的最低部份提款金額，而作出有關部份提款後，計劃價值須維持為等於或高於最低計劃價值。
如閣下欲提取的金額大於最高部份提款額，這將被視作第3.5條款下的解約行為，因此須予繳納相關退出費用。
表3.4：就不同計劃貨幣作出的每筆提款之最低提款額
計劃貨幣 | 美元／歐元／澳元 | 人民幣 | 港元 | 日圓 |
每筆提款的最低提款額 | 1,000 | 7,000 | 8,000 | 100,000 |
(b) 受下文(c)所規範，任何提款可自累積單位及首初單位中提取。本公司將在收到書面指示後，使用等於提款金額總價值的賣價，扣取已分配至計劃的累積單位。
(c) 從首初單位中提取部份款項，只能在首初供款期過後及累積單位已提取完後作出；並受第6.6條款中所述的退出費用之規範。
(d) 對於提款選項，閣下可選擇：
(i) 指定出售的資產以及單位數目；或
(ii) 閣下希望提取的金額；除非另有列明，否則提款將從累積賬戶中持有的所有資產中等額扣除，或以本公司認為合適的方式扣除。由於資產價格隨市場波動，即使已有列明，提款金額也可能出現差異。
(e) 定期提款可設定每年、每半年、每季或每月予以支付。定期提款通常將於本公司收到閣下書面要求的一個月後開始。
3.5 解 約
在以下條文規範下，閣下可隨時終止及解除計劃並獲取解約價值：
(a) 如於計劃到期日前解除計劃，則任何到期應付的退出費用及任何尚未收取之計劃收費（第6條款施加的規定）均將從計劃價值中扣除。
(b) 如果自該定期供款及增加定期供款（視情況而定）開始日期起之 36個月內解除計劃，則先前就該定期供款及增加定期供款（視情況而定）支付的任何額外分配，安智可依其絕對決定權決定是否予以取消，或從相關首初賬戶中扣除。
(c) 在本公司收到適當書面指示及證明閣下乃合法享有收取計劃款項人士之證據後，就相應的基礎資產而言，將使用賣價贖回所有賬戶單位。
(d) 一旦支付解約價值，本公司將不會接受任何額外的供款，亦不會支付任何進一步的利益，且計劃將自動終止。閣下不得再享有任何有關計劃的福利或選擇。
(e) 本公司會在估值日之後60個香港日曆天內，透過電子轉賬按美元或依據閣下要求的貨幣支付解約價值或提款金額（依本公司絕對決定權），前提是本公司已收到相關基礎資產經理人、發行商或交易商結算手續及贖回款項已完成的通知。
(f) 在例外情況下，例如股票市場發生極端事件而關閉或為保護其他計劃持有人的利益，安智可能延遲付款。如果發生此情況，本公司會竭盡所能將延遲減少到最低程度，並隨時通知閣下可能延遲的時間。
(g) 作為計劃持有人，閣下必須負責匯款等付款成本。任何類型的提領價值均無須支付利息。
3.6 復 效
(a) 如果本計劃因閣下在首初供款期間未支付定期供款及／或增加定期供款（依第5.6條所述），或者在首初供款期之後，計劃價值不足以涵蓋相關計劃收費（依第5.7條所述）而不再有效（即已失效），本公司可全權決定是否允許恢復本計劃，前提是閣下需使用適當的申請表，並在本計劃失效日後一年內向本公司申請恢復計劃，
且閣下須滿足屆時使計劃有效的所有指定要求。
(b) 如果閣下的計劃已被終止，則不允許恢復。
(c) 若本應支付的計劃供款已付，且計劃持續有效，則之前扣除的任何忠誠獎賞及額外分配將恢復到計劃中（如適用）。
(d) 如果閣下繼續支付定期供款及增加定期供款，則閣下計劃的供款假期狀態將終止，且將停止收取停供費用。
3.7 計劃到期
於計劃到期日之後，閣下有下列選擇：
(a) 保持計劃為停供狀態，無需支付任何後續供款：
(i) 只要計劃價值超過最低計劃價值，計劃將保持有效，否則將自動終止，並向閣下支付解約價值，且不允許恢復計劃。
(ii) 閣下不能增加定期供款，或向計劃繳付任何單筆額外整付供款；
(iii)所有退出費用均被豁免，但第6.3條款載列的行政費將繼續適用。閣下可隨時提款或解除計劃。
(b) 解 約
閣下可選擇解除計劃，收取解約價值。如果本公司收到閣下的書面通知，本公司會在扣除計劃所適用尚未支付本公司的費用後，於下一個估值日透過出售計劃賬戶中的所有單位，向閣下支付計劃的解約價值。
(c) 提款／定期提款
請參見第「3.4條款提款」。
(d) 年金安排
如果閣下的計劃年期為15年或以上，且閣下有意使用贖回價值購買年金產品，以確保閣下在計劃到期日之後的未來收入；本公司會依據閣下的需求，根據當時的市場狀況，提供有關適當年金產品的資訊，供閣下考慮。
4. 利益條款
4.1 首初供款期間的額外分配
(a) 本公司可全權決定在首初供款期間不時為計劃提供額外分配。有關額外分配的詳情，請參考隨附於本協議的計劃契約。如依本公司絕對決定權決定，在該計劃生效期內，於相關首初供款期間當定期供款資金收迄後，額外單位（「額外分配」）將被記入本計劃內。
(b) 如果計劃適用額外分配，額外分配百分比隨每月供款及供款年期而不同。在首初供款期之後，百分百之所有未來供款將全部分配至累積單位。
(c) 額外分配，將根據閣下最新資產選擇之相關資產買價，透過名義分配將增加之額外首初單位記入本計劃內。
(d) 如果定期供款或任何增加定期供款在相關首初供款期內持續三個月未能在到期時如期全部付清，則本計劃將被視為失效，且先前就該定期供款及增加定期供款（視屬何情況而定）支付的額外分配將被取消或從相關首初賬戶中扣除。
4.2 忠誠獎賞
根據本條款，可向供款年期為10年或以上的任何計劃發放計劃契約中所載的獎賞（「忠誠獎賞」）。
在計劃為持續有效的前提下，忠誠獎賞將每隔五年發放，即於第五個計劃週年起及其後每逢第五個計劃週年發放，直至以下日期屆滿
(i) 緊接計劃開始日期之後的30年（其中最多發放6次忠誠獎賞）及
(ii) 供款年期屆滿（以較早者為準）。有關忠誠獎金比率的詳情，請參考隨附的計劃契約。
忠誠獎賞將於每逢應發放的第五個計劃週年日後一個月內發放，並將根據閣下最新資產選擇選項之相關資產買價，透過名義分配額外累積單位記入計劃中。
於忠誠獎賞發放到閣下的計劃之前，如閣下的計劃已被取消或終止，則忠誠獎賞將不予發放。已發放的獎賞也不會因閣下已計劃取消或終止而被扣回。
忠誠獎賞不適用於任何單筆供款，或者供款年期少於 10 年的定期供款及／或增加定期供款。
4.3 計劃費用回贈
供款年期為 10 年或以上的任何計劃，於計劃到期日之後，如果出現下列情況，閣下在整個供款年期內所支付的計劃費用將全部回贈：
(a) 在首個連續10年計劃期間：
(i) 所有到期的定期供款已全部付清（且無任何欠繳的供款）；
(ii) 未曾有過任何供款假期；
(b) 於計劃到期日，計劃價值不低於規定之最低計劃價值。
即使本協議已有相關規定，如果閣下的計劃於計劃到期日之前被取消或終止，則計劃費用不獲回贈。
依據第 4.3 條款，應回贈的計劃費用將根據閣下最新資產選擇之相關資產買價，透過名義分配額外累積單位至本計劃，並於計劃到期日之後一個月內予以支付。
5. 供款條款
定期供款、增加定期供款及單筆供款（如有）連同相關額外分配（如適用）在扣除根據第6條款應徵收的費用之後（如適用）:
(i) 會立即於下列日期的下一個估值日依閣下最新選擇之資產配置買
入資產單位:
(a) 本公司的銀行確認收迄閣下供款之日，或
(b)本公司內部處理完成有關閣下之供款記錄，或
(ii) 在該估值日有關供款所選擇的資產配置部份乃無法合理的去買入，則該部份的款項會先放入暫存賬戶直到下一個可買入資產的估值日為止。
5.1 定期供款
(a) 所有應付的定期供款從計劃開始日期直至計劃到期日的供款期間，需依計劃契約上載明的計劃供款貨幣支付供款。下表按供款頻率 及貨幣顯示最低定期供款額。目前，定期供款並無上限，但本公 司保留規定上限的權利。所有付款必須匯入本公司在託管銀行的 賬戶。本公司保留不時更改最低定期供款金額的權利，以反映通 賬及營運成本。
表5.1：最低定期供款
貨幣 | 美元／歐元／澳元 | 人民幣 | 港元 | 日圓 |
每月 | 300 | 2,100 | 2,400 | 30,000 |
每季度 | 900 | 6,300 | 7,200 | 90,000 |
每半年 | 1,800 | 12,600 | 14,400 | 180,000 |
每年 | 3,600 | 25,200 | 28,800 | 360,000 |
(b) 根據供款貨幣，付款方式由本公司在處理時進行確定，並載列於本公司提供給閣下的申請文件。閣下必須承擔付款成本。
5.2 單筆供款
(a) 單筆供款僅可在計劃有效時於任何時間添加至現有計劃，但不得被視為獨立計劃。閣下應將單筆供款與任何定期供款分離，且應在作出單筆供款之前通知本公司。
(b) 單筆供款可透過電子轉賬進行支付，但不得使用信用卡支付。
(c) 最低單筆供款為3,000 美元／ 3,000 歐元／ 3,000 澳元／ 人民幣
21,000元／24,000港元／300,000日圓。
(d) 單筆供款將按與定期供款相同的比例分配用以購買相關單位，但若收到閣下的特定指示則另作別論。
5.3 增加定期供款
(a) 透過選擇增加定期供款 (「增加定期供款」)，閣下可增加對計劃的供款。增加定期供款必須於計劃到期日前至少五年提出始接受，且每次增加供款必須超過下表載列的最低金額（視計劃貨幣及供款頻率而定）。
(b) 任何增加的定期供款不得於計劃到期日之後提出。
表 5.3 最低增加定期供款金額：
貨幣 | 美元／歐元／澳元 | 人民幣 | 港元 | 日圓 |
每月 | 50 | 350 | 400 | 5,000 |
每季度 | 150 | 1,050 | 1,200 | 15,000 |
每半年 | 300 | 2,100 | 2,400 | 30,000 |
每年 | 600 | 4,200 | 4,800 | 60,000 |
5.4 降低定期供款
(a) 在首初供款期之後，閣下可降低定期供款金額，前提是在進行任何減少之後，閣下的定期供款不得低於最低定期供款（如表5.1所示）。
(b) 本公司有絕對決定權接受首初供款期間對定期供款所作的任何減低。
(c) 不得在增加定期供款的該首初供款期內降低所增加之定期供款。
5.5 供款年期（”CPT”）及首初供款期（”ICP”）
(a) 閣下從一開始應選擇一個與閣下自行設置的財務目標相匹配的供款年期。最低供款年期為五年，最高年期為三十年，前提是計劃持有人於計劃供款到期日之時的年齡，不得超過80翌年歲。閣下有權依據第4.2條款獲得忠誠獎賞。
(b) 首初供款期乃根據閣下計劃的供款年期而定。
表 5.5 根據供款年期而定的首初供款期
供款年期 (CPT) | 首初供款期 (ICP) |
5至9年 | 前15個月 |
10至18年 | 前18個月 |
19至25年 | 前24個月 |
26至30年 | 前30個月 |
5.6 於首初供款期內未支付供款致使計劃失效
在定期供款及／或任何增加定期供款的首初供款期內，如果閣下連續3個月未支付定期供款，則計劃將被視為不再有效（即失效）。閣下在支付所有到期或未付供款，或者在支付其他款項之前，不得對任何資產作出轉換。
(a) 在計劃失效達12個月之後，本公司將依據第2.5條款終止閣下的計劃，並向閣下支付解約價值（如有）。在作出付款後，本公司在該計劃下的所有義務即告終止。
(b) 閣下在計劃終止之前，可依據第3. 6條款申請計劃復效。
5.7 於首初供款期之後未支付供款將進入供款假期
在定期供款及任何增加定期供款的首初供款期後，如果閣下在自供款到期日起的寬限期後之30個曆日未能悉數支付供款，則：
(a) 計劃將自動進入供款假期狀態，這不會影響餘下的供款年期。
(b) 如果連續超過24個月未支付任何定期供款或增加定期供款，則計劃將變為停供狀態，並在第6.5條款的規範下，將對閣下的計劃徵收停供費用。
(c) 閣下的計劃將持續處於停供狀態，直至依據第3.6條款被取消、終止或恢復。
(d) 在計劃處停供狀態時，第6條款載列的任何相關費用需繼續支付。
(e) 如果計劃價值不足以涵蓋計劃的收費，或者計劃的贖回價值低於 100美元／100歐元／100澳元／人民幣700元／800港元／10,000日圓，則計劃將被無償終止，且所有利益將予停止。
5.8 更改供款頻率
定期供款可每月、每季度、每半年或每年予以支付。經本公司同意，且在本公司希望施加的條件規範下，可更改定期供款的頻率，此變更將在計劃開始日期的下個週年日起生效。
6. 費用條款
x公司提供及管理計劃應獲得相關費用。該等費用透過扣取已分配的單位予以支付，其價值等於根據本計劃要求支付的費用。將依所分配單位的賣出總價值按比例從閣下所選取之資產選擇的基礎資產中取消單位。
6.1 計劃費（僅針對定期供款）
每月費用應在供款年期內的每個計劃月份提前支付。在首初供款期內，該費用會累算於計劃中，日後透過扣取分配到累積賬戶中的單位予以支付，或於累積賬戶供款買入資產單位前扣除（視屬何情況而定）；在首初供款期之後，該費用應透過扣取分配到累積賬戶中的單位予以支付，或於供款買入資產單位前扣除 （視屬何情況而定）。若計劃中沒有足夠單位扣除此費用，則此費用會累積於計劃中，並於當 (i) 有支付供款時；(ii) 計劃解約時；(iii)供款年期滿時一併扣除，視何種狀況適用。請參考計劃契約，了解計劃費用的詳情。
6.2 首初賬戶管理費 （僅針對定期供款及增加定期供款）
首初賬戶管理費適用於整個供款年期，依 ICP 期間所投入的定期供款及增加定期供款中扣取。該費用應提前支付予本公司，並在供款年期內，透過扣取分配到首初賬戶中的單位予以扣除。該費用每月扣取，如該月無法扣取時可先累計並於日後扣取。請參考計劃契約了解首初單位費用的詳情。
6.3 行政費
(a) 行政費適用於整個計劃持有期間，乃依ICP期間所投入的定期供款及增加定期供款與累積賬戶於扣取費用時的價值計算，每月扣取，直至本計劃終止。該費用應提前支付予本公司，針對此費用於首初供款期間的供款，將事先自分配至首初供款賬戶內的單位數中扣取；而針對於首初供款期過後的供款，將自分配至累積賬戶的單位數扣取（視情況而定）。請參考計劃契約，了解行政費的詳情。
(b) 如累積賬戶的餘額不足以支付到期的行政費，則不足的行政費將扣取首初賬戶的單位。
6.4 單筆額外供款費用 （僅針對單筆供款）
每次單筆供款現行的額外供款費用是該單筆供款的 5%。此為針對該計劃每次單筆供款的一次性費用，該費用透過提前扣取將分配到該計劃中的單位予以支付。
6.5 停供期行政費
(a) 當前的停供期行政費是依閣下每個計劃月首初賬戶價值的0.02%，按照第6.5(b)條款，透過扣取分配到首初賬戶或累積賬戶 （視屬 何情況而定）的單位支付。若計劃中沒有足夠單位扣除此費用，則此費用會先累積於計劃中，然後當 (i) 計劃有新增單位數時；
(ii) 計劃被解約時；或 (iii)供款年期滿時一併扣除，視何種狀況適用。
(b) 一旦閣下重新支付供款，停供狀態將終止且將停止收取停供期行政費，直至再度發生連續超過24個月未支付任何定期供款或增加之定期供款時。
6.6 提早退出費
(a) 退出費等於
(i) 適用的退出費率（見下表）乘以
(ii) 取消（賣出）單位估值之日的首初賬戶價值。
(b) 首個計劃年度的退出費率是100%。從第二個計劃年度開始，適用
的退出費率請參閱下表。退出費率乃根據 (i)從計劃兌現或解約日起算至閣下原計劃供款年期（CPT）到期日止；或 (ii) 依欠款前的最後一次供款逾期日至原供款年期到期日止；由xx擇一決定CPT剩餘供款年期。為決定退出費率，所有剩餘年期不足一年者，將當完整一年計。供款年期過後則無退出費。
(c) 退出費用應透過扣取分配到首初賬戶或累積賬戶（視情況而定）的單位予以支付。
表 6.6 退出費用比率
CPT 剩餘年期 | 退出 費率 | CPT 剩餘年期 | 退出 費率 | CPT 剩餘年期 | 退出 費率 |
1 | 8% | 11 | 54% | 21 | 76% |
2 | 15% | 12 | 56% | 22 | 78% |
3 | 20% | 13 | 58% | 23 | 80% |
4 | 25% | 14 | 60% | 24 | 81% |
5 | 30% | 15 | 62% | 25 | 83% |
6 | 35% | 16 | 64% | 26 | 84% |
7 | 40% | 17 | 66% | 27 | 86% |
8 | 44% | 18 | 69% | 28 | 88% |
9 | 47% | 19 | 71% | 29 | 90% |
10 | 50% | 20 | 74% | 30 | 100% |
6.7 轉換費
目前變更資產選擇並無轉換費。然而，本公司保留隨時採用及修訂該費用的權利。在因本公司關閉相關基金或終止結構性產品時所發生的非自願性資產轉換的情況下，本公司將不會徵收轉換費。
6.8 基礎資產內的收費
基礎資產費用取決於資產選擇及相應的基礎資產，並依據本公司所提供的環球資產選擇簡介中提供的基礎資產為範圍。有關進一步的資訊，請參閱可從閣下的財務顧問處獲取由基金經理或發行商（視情況而定）或交易商發佈或發行的個別基礎資產說明書。
6.8.1 年度管理費或保管費
該費用由基礎基金經理和基礎產品發行商與基礎商品交易商釐定，且可不時更改。基金經理和產品發行商會從基礎資產中直接扣除該費用，並在相關單位價格中予以反映，因此閣下不需要單獨支付該費用。若為基礎商品交易，則閣下可能會被要求另行支付該項費用。
6.8.2 買賣差價
「買價」指閣下就將分配到計劃中的某個單位支付的價格。「賣價」指 就本公司取消或扣取閣下計劃中某個單位所適用的價格。同一基金或 結構性產品或商品之買價與賣價的差額即為買賣差價，該差價即實際 上閣下付給基礎基金經理或基礎產品發行商或基礎商品交易商的費用，且該差價在基金和結構性產品與商品間或有不同。
(a) 目前，就環球資產選擇簡介中的所有資產而言，買賣差價為零，本計劃下的所有基礎基金的詳情可參見基礎基金的章程。然而，結構性產品與商品仍可能有買賣差價，實際費用依各結構性產品或商品交易商公佈的產品細節說明為主。
(b) 本公司保留收取買賣差價的權利，以反映當基礎基金經理收取贖回費或基礎產品發行商或基礎商品交易商修改收費結構時所適用。
6.8.3 提早贖回費
此費用由基礎基金經理或基礎產品發行商或基礎商品交易商決定，且不同的基金或結構性產品或商品其費用可能不同。當閣下在產品期滿前或在需持有資產期到期前申請贖回基礎資產，則將需支付提早贖回費。詳情請參見由基礎基金經理人、結構性產品發行商或商品交易商或安智所發行的產品資訊說明書。
6.9 組合管理費（如適用）
(a) 若閣下選擇委任組合管理經理人，可能會出現組合管理費，該費用為每年累積賬戶價值的0%至2%。該費用是選擇性的，且將由閣下與閣下委任的第三方組合管理經理人議定。閣下將負責支付該項費用。
(b) 如適用，該費用將每月透過於計劃月份的下一個可取得賣價的估值日，依資產價值比例扣取等值數量的累積單位，從累積賬戶中扣除。
(c) 該費用將由xx代表閣下支付予組合管理經理人。
6.10 貨幣兌換費用（如適用）請參見上述第2.3條款。
6.11 其他費用（如適用）
因或就計劃另外招致的任何費用或傳送費用將透過扣取首初單位或累積單位（視情況而定）予以支付。
6.12 費用的更改
x公司保留經由給予閣下提前至少三個月的事先書面通知，或者給予符合相關監管規定的其他通知期，可更改計劃費用與收費或徵收新的費用與收費的權利。
7. 資產條款
x智提供了一系列投資基金和結構性產品與商品供閣下做資產選擇。本公司的環球資產選擇簡介中載列了當前可供選擇的投資基金及結構性產品與商品的名單，且該名單由本公司不時予以修改。
閣下的投資決定及計劃中任何因市場價值變動所涉及的風險，概由閣下承擔。在訂立本協議及作出計劃所載的投資決定時，閣下須對該等決定作出適當及謹慎考慮，及獲取閣下認為所需的獨立意見。
若本公司向閣下提供可能與基金或結構性產品或商品有關的任何資訊，基本上本公司僅提供資訊，不會對若閣下因或就任何資訊可能蒙受或 招致的任何損失負責。
閣下的計劃可從安智提供的資產選擇中任選而不設限，且還可進行部份的資產轉換。然而，將有關供款分配至計劃中個別資產選擇的金額必須等於或高於相關計劃貨幣規定的最低限額，不同計劃貨幣的最低限額載列於下表：
表：7 就不同計劃貨幣所規定的個別資產選擇的最低供款金額
貨幣 供款頻率 | 美元／歐元／澳元 | 人民幣 | 港元 | 日圓 | |
定期供款 | 每月 | 50 | 350 | 400 | 5,000 |
每季度 | 150 | 1,050 | 1,200 | 15,000 | |
每半年 | 300 | 2,100 | 2,400 | 30,000 | |
每年 | 600 | 4,200 | 4,800 | 60,000 | |
單筆供款 | 1,000 | 7,000 | 8,000 | 100,000 | |
若任何資產以計劃貨幣之外的貨幣估值，則由安智依據市場上取得之匯價，將該價值轉換為依計劃貨幣計值。
7.1 基礎資產
閣下的各項資產選擇均具有相應的基礎資產。雖然本公司可能提供與資產配置、交易日、預期投資及投資限制、職責與費用有關的資訊，但本公司對投資表現概不負責。
xx將遵循閣下的資產選擇，作為受託人代表閣下購買、持有或出售，或者透過代名人購買、持有或出售閣下計劃賬戶中的單位，而且議定由xx代表有關委託人行事。閣下理解，該單位將以xx或安智指定的代名人的名義註冊。
對於本計劃的估值而言，就本計劃的資產選擇所分配的資產單位僅為名義上的。
由於計劃的各項收費，閣下資產選擇的回報可能低於基礎資產的回報。閣下個人持有的名義單位可在安智管理系統中的閣下計劃紀錄予以獨立識別。閣下可隨時要求該等名義單位之估值，估值的依據是根據基礎基金的經理或結構性產品發行商或商品交易商提供最新可得之單位價格。
7.2 單 位
儘管本協議有任何其他規定，如果由於或因本公司無法控制的事件或情況（包括但不限於本公司託管銀行或任何基金或基金經理或結構性產品發行商或商品交易商所在地區的公眾假期）以致未能或延遲購買或出售計劃的任何單位，本公司概不就延遲或未能執行承擔任何責任。
安智於營業日截止時間或之前收到的交易要求，將按安智接受要求日之後的下一適當的估值日通用的基礎資產單位價格及匯率進行處理
（T+1）。任何交易要求於任何日的截止時間之後收到，均將視作該交易要求是xx於下一個營業日所收到般處理。本公司有權隨時酌情更改截止時間。
7.2.1 單位的分配
就定期供款及增加供款而言，將依據本協議的條款及細則將首初單位及累積單位分別分配到首初賬戶及累積賬戶中。除本協議另有規定外，有關或自計劃產生的任何適用費用將在單位分配前從定期供款或增加供款中支付。應被扣取的單位的數目將以下一個適當的資產估值日之基礎資產的買價或透過安智可獲得的價格予以計算，而有關單位將依據閣下最近的資產選擇選項予以分配。
7.2.2 單位的扣取
根據本計劃應付的費用及金額乃透過扣取分配單位予以支付，其價值等於根據本計劃要求支付的費用。將按照所分配單位的賣出總價值的比例從閣下於資產選擇中所選擇的基礎資產中扣取單位。
7.3 資產轉換
在本計劃有效期間，閣下可申請將任何基礎資產單位從計劃賬戶中轉至環球資產選擇簡介中載列的其他基礎資產。閣下僅可轉出而不得轉入結構性產品；此乃因結構性產品的交易規定受限於各系列產品有其個別不同的規定。請參閱x智不定時通知閣下有關結構性產品的交易須知。閣下在接受商品交易商的交易規則下可轉換至相關商品。請參閱x智不定時通知閣下有關商品的交易須知。
閣下可進行任何次數的轉換，前提是資產選擇有關的供款金額必須等於或高於上文表 7 及下列條款載列的最低限額：
(a) 本公司僅接受整數百分比的轉換指示。在此情況下，將依相同比
例取消首初單位及累積單位。
(b) 在轉換後，除另有指示外，未來供款將繼續按照閣下最近的資產選擇予以分配。
(c) 在代表某一資產選擇的單位轉換為代表另一個資產選擇的單位時，到期原應透過以往單位支付的相關費用乃透過新建單位支付。
(d) 若所出售單位的計值貨幣與所購入單位的貨幣不同，則在購入有關單位之前，本公司將會按照換算之時通行的匯率，將出售所得的款項換算成為所購入單位有關資產的貨幣。
(e) 轉換資產選擇將受安智不時決定的任何其他管理規則所限。
(f) 本公司在向閣下發出至少提前三個月的通知或較短期限的通知後，可就資產轉換徵收費用及／或限制資產轉換的次數。然而，若發 生由本公司決定關閉相關資產或終止結構性產品申購或停止持有 商品時之非自願性轉換資產的情況下，本公司將不會徵收該費 用。
7.4 暫存賬戶
考慮到資產轉換之間的交易頻率不同或有時間間隔，安智備有暫存賬
戶以在不可能立即進行新供款投資及進行轉換至選擇之目標資產的情況下，暫時持有該款項。本公司將竭盡所能盡快將相關單位分配至首初賬戶或累積賬戶。暫存賬戶由本公司託管銀行託管。
7.5 溢付現金賬戶
x智備有溢付現金賬戶，用於存放於計劃供款期間收到計劃持有人
（或由計劃持有人指定的付款人）溢付的應付供款。本現金賬戶內的款項，不計利息，且僅可於計劃持有人終止本計劃時提領。
7.6 更改未來供款分配
未來供款分配可更改為其他資產選擇，無需轉換現行持有的資產。
(a) 閣下可隨時通知本公司將閣下的未來供款分配更改為新的資產選擇，前提為就新的資產選擇而言，各別資產分配應符合每個基礎資產要求的最低價值（上列表7）。
(b) 若要申請更改供款分配，閣下必須使用本公司的適當表格或登入
x公司網站線上選擇更改供款分配功能（閣下需要提前申請該線上服務），在作出任何資產選擇的更改指示後，總計資產選擇分配百分比必須為100%，且本公司僅接受整數百分比的資產分配。上述更改將在下一次供款分配時生效。
7.7 股 息
當資產有分配股息時，本公司將計算閣下有權分配的金額並依絕對決定權將股息分派給閣下。股息通常在配息金額宣派的一個月內派發至相關資產。然而若本計劃在股息宣派日及付款日期之間終止，僅超過 100 美元／100 歐元／100 澳元／人民幣 700 元／800 港元／10,000 日圓／的股息款項才會被支付。
7.8 暫停單位價格的釐定
在以下情況，安智可全權決定暫停買入、出售單位或作出單位估值：
(a) 任何基礎資產的交易被暫停；
(b) 任何涉及單位價格計算的任何認可證券交易所或市場停市（正常的休市時間及日子除外）或限制交易；
(c) 當基金經理負責管理的任何資產或結構性產品的發行商或商品交易商無法匯出資金，或認為不能按正常匯率為計劃內已完成買賣的資產單位作出任何款項移轉時；
(d) 任何投資或資產變現中將會或可能涉及的收益匯出或匯回，或者單位的取消出現延遲或按安智認為無法立即以正常匯率執行。
(e) 當該項買入或賣出指示，並非按照計劃條款所要求發出；及/或
(f) 在任何其他情況下，無法計算出公平及準確的單位價格。
7.9 資產關閉／合併／分割
(a) 本公司可隨時關閉或停止提供或停止執行將單位分配至任何資產或停止執行轉換任何資產，舉例而言，如果：
(i) 資產停止在認可證券交易所或市場掛牌買賣或因其他因素而不接受進一步投資；及／或
(ii) 由於環境、法律、法規、政府政策、貨幣或資本控制、政治發展、國外投資限制發生任何變化，或者投資計劃或資產目標難以實現或資產規模小於章程、說明書或產品條款說明書中的下限規定，基礎基金經理或發行商或交易商可酌情關閉、終止、合併或分拆基金；或
(iii)安智於任何資產中的投資低於使該資產的管理具經濟效益的水平時，在本公司採取第7.9(a)條款許可的任何措施前，本公司將給予閣下至少一個月的事先書面通知或其他較短的通知期（若本公司不認為給予一個月的通知乃可行）。在此種情況下，本公司有絕對決定權，將資產中的所有單位轉移至擁有同樣或類似投資目標（如可能）的其他資產中。
(b) 若資產已經或將要關閉、合併、分拆或終止，本公司將在可行的情況下盡快透過書面以郵寄或閣下選擇的方式通知閣下（「關閉通知」）。若閣下在本公司發出關閉通知前或一經發出時已贖回資產單位，則該筆資產款項將放入暫存賬戶中。此外，一經收到資產關閉通知，閣下可於關閉通知中所載明的期限內向本公司提
供書面指示。本公司將按照閣下在期限內所發出的書面指示，將賣出的資產款項用以買入指定之資產單位。
(c) 若閣下未於關閉通知中載明的期限內對本公司作出指示，本公司 可按照通知中的說明代表閣下選擇買入一個或多個其他資產單位。若購買一個或多個其他資產單位為不可能，或者在本公司看來對 閣下不利，本公司將把贖回款項放入暫存賬戶中。
(d) 該買入或賣出的單位，將會依照有關資產的單位價格作出。
(e) 若閣下關於資產選擇分配的現有指示涉及本公司已關閉或須關閉的資產，當閣下作出任何增加定期供款或單筆供款時，閣下必須更改指示，排除該資產；否則，本公司會將閣下的資產選擇改分配至其他依本公司全權決定認為適宜的資產。
(f) 如在計劃下的任何資產已經或將要結束、合併、分拆或終止，閣下可要求進行資產轉換，即由這個資產轉換成另一個資產。如本公司未於該資產關閉通知失效前收到有關要求，本公司可作出資產轉換，將該資產轉換至依本公司全權決定認為適當的其他資產，如同本公司已收到閣下要求如此行事一般，且任何該等資產轉換須為最終轉換，但本公司並無需對該等資產進行轉換的義務。
8. 海外賬戶稅收遵從法 (“FATCA”)
依據美國「海外賬戶稅收遵從法」或簡稱 FATCA，所有被廣泛定義為金融機構級別的非美國企業，皆被要求必須遵從該法要求之文件提供與通報制度，否則，自 2014 年 7 月 1 日起，當與美國有關之款項被認定歸屬於「可扣繳款項」時，將被課以 30%的預扣所得稅 (自 2017 年起，30%的預扣所得稅款制也適用於從銷售資產總額中產生的可扣繳款項及國外中間機構轉付款項)。某些非美國法律實體之非金融機構，亦被要求需確認其客戶無實質美國利益所有權或當客戶為實質美國利益所有權人或具控制權者，且為被認定之美國人身份時，需披露特定資訊，否則自 2014 年 7 月 1 日起也同樣會被課以同上述的 30%的預扣所得稅。根據 FATCA 規定的通報義務，普遍地要求金融機構需取得或披露有關特定賬戶所有人之訊息予美國稅務局(IRS)。
在特定國家中，FATCA 對金融機構、造成的衝擊，視美國與該國間之跨政府間協議(IGA)，而有所不同。美國已經與香港簽訂了跨政府間協議(IGA)。
我們相信安智可能會被認定為一個“投資實體”，也就是一個“金融機構”。因此，xx有義務依規定的實質審查程序，申報客戶乃屬 “應報告美國籍賬戶” 或 “非認定賬戶”，並且提供有關 “非參與外國金融機構” 的特定資訊予美國稅務局。
閣下可能會被要求提供自我證明聲明書或其他文件予安智，以確認閣下的稅務居民身份。再者，如果有任何情況發生，改變閣下的稅務居民身份，或如安智合理的認為該自我證明聲明書是不正確或不可靠的，則將要求閣下提供新的自我證明聲明書和/或額外的文件。
為了遵守 FATCA 條款並按照任何本地或外國法律、法規或規章及/或達到安智應盡的申報義務，安智可收集、儲存、使用與處理任何提供給我們的個人信息，並向有關稅務機關進行批露與申報。
在閣下持有計劃期間，安智有權要求，閣下亦有義務，提供我們更多的額外證明文件，以確認是否具有美國或非美國人士身份。
如果閣下不能提供任何安智認為必要的資料或未能在指定時間針對申請書或提供給x智的有關文件內的疑問進行說明，則我們有權依我們所認定的結果採取適當的處理。此外，我們保留終止閣下計劃的權利或將閣下的計劃歸類為「”不同意“ 或 ”非參與外國金融機構“」或是根據 FATCA 規則預扣稅款及作出申報。
閣下同意安智或其附屬公司/子公司蒐集有關計劃申請和處理時的任何信息。根據相關稅務規定並遵守所有適用法律和法規，閣下進一步同意將上述信息及與申請計劃有關的任何資訊與安智附屬公司/子公司及相關政府單位/稅務機關共享。上述處理及相關資料處理過程可能涉及將資訊移至香港特別行政區以外地區，同時亦涉及將資訊透過中
間機構、服務提供商、交易方或政府機構/部門傳遞。如收款人或任何第三方的信息涉及到任何轉移，閣下必須獲得上述所有相關單位的同意。
9. 其他條文
x智無須對其因依照閣下指示或根據本協議提供該計劃或與提供該計劃相關，而使閣下招致的任何形式的損失負責，但因安智或安智委任或僱用任何其他人士的疏忽或故意過失所致的損失則另作別論。
閣下須就與該計劃相關及／或因閣下在履行本協議過程中的任何過失所致，針對安智及其委任或僱用的任何其他人士的所有申索、負債、損害賠償、損失、成本及任何形式的開支，作出彌償，除非因安智或安智委任或僱用的任何其他人士的疏忽或故意過失所致的損失則另作別論；而該損失彌償即使於本協議已終止仍需負責。
如在任何司法管轄區，向任何人士作出銷售要約或認購招攬屬違法，則安智提供的任何資料不應視為在該司法管轄區向此類人士作出該等邀請或招攬。該計劃及協議所載的任何資料均未經任何司法管轄區之任何監管當局審核、批准或註冊。
閣下明白，儘管文件可發送至安智的註冊辦事處，但xx並不在香港營運。
接受參與本計劃的資格與否，取決於本公司的最終決定。
在有關文書上載列的資料並不意圖提供給限制分發該等資料的司法管轄區內的人士使用。收取此等文書的人士須自行了解任何相關限制並予以遵守。一旦計劃簽署，即表示閣下聲明及保證，閣下並非香港居民，且閣下所在司法管轄區的適用法律及法規允許閣下收取相關資料及參與計劃。
投資涉及風險，閣下應詳閱資產說明書，了解更多詳情。單位或股份的價格及其收入有升有跌，資料所列的任何過往績效表現並非未來績效的指標。
xx提供的任何資料不代表提供任何專業意見，因此閣下不應就此倚賴。建議取得此等文書的人士，在必要時應尋求適當的專業意見。本公司不代表或承受有關其準確性或完整性的任何責任，且無須對任何人士因倚賴我們提供的資料造成的損害賠償承擔責任。
任何報價均僅供參考，且亦可能在進行變更後而不發通知。
投資決策由閣下自行作出。如閣下對計劃的適合性及投資目標感到不確定，則不應認購。
某些資產可能涉及衍生性商品。請勿投資於該資產，除非閣下已完全了解並願意承擔與之相應的風險。
在最壞的情況下，資產價值可能遠低於閣下的最初投資金額（在極端情況下，閣下可能全部損失）。
= 計劃條款及細則完 =
Regular Saving Plan – Intelligence Terms and Conditions
Intelligence is a regular contribution investment-linked saving plan provided by Metis Global Limited. Metis Global Limited will be dealing with and holding the investments in the capacity of a trustee.
Metis Global Limited is incorporated in Hong Kong and registered under the Hong Kong Trustee Ordinance and the Hong Kong Companies Ordinance. Its registered office is 2701, 00/X., Xxxxxxxxx Xxxxx, 00 Xxxxxxxxx Xxxx, Xxxxxx Xxxx, Xxxx Xxxx.
These Terms and Conditions together with the Application Form and the enclosed Plan Schedule and any future endorsements (collectively the “Agreement”) constitute the entire agreement between you and us relating to the transactions contemplated by this Agreement and supersede and extinguish all previous agreements between the parties relating to these transactions. In case of inconsistency, these Terms and Conditions shall prevail. In entering into this Agreement no party may rely on any representation, warranty, collateral contract or other assurance (except those set out in this Agreement) made by or on behalf of any other party before the signature of this Agreement and each of the parties waives all rights and remedies which, but for this provision, might otherwise be available to him in respect of any such representation, warranty, collateral contract or other assurance provided that nothing in this provision shall limit or exclude any liability for fraud, dishonesty or wilful concealment.
This Agreement does not cover the tax rules that apply to your Plan so you should speak to your financial adviser and obtain independent tax advice. Metis Global Limited reserves the right to decline any application at its sole discretion.
Contact Details
Metis Global Limited
2701, 00/X., Xxxxxxxxx Xxxxx, 00 Xxxxxxxxx Xxxx, Xxxxxx Xxxx Xxxx Xxxx
Tel: (000) 0000 0000
Fax:(000) 0000 0000
Please note that this literature or the products offered by Metis Global Limited are not authorized by the Securities and Futures Commission and should not be distributed or sold to members of the public in Hong Kong.
In these Terms and Conditions Clauses:
1. DEFINITIONS AND INTERPRETATIONS
1.1 The following are meanings of words and expressions used in the Plan, unless otherwise stated:
Metis or we means Metis Global Limited; and our and us shall be construed accordingly.
You means the Plan Owner(s) and your shall be construed accordingly.
Account Value/Investment Value/Plan Value means the sum of the total number of Notional Units in both Initial Account and Accumulation Account representing each Asset Choice multiplied by their applicable Bid Price.
Account Units means all the Initial Units and Accumulations Units.
Accumulation Account means the account containing the Accumulation Units.
Accumulation Units means the Units purchased by the Contributions after the end of the ICP.
Accumulation Account Value shows the notional value of your Accumulation Account and is equal to the number of Notional Units held in the Accumulation Account multiplied by the respective bid price of the Assets.
Additional Regular Contribution has the meaning ascribed to it in Clause 5.3.
Agreement means these Terms and Conditions, the Application Form, the enclosed Plan Schedule and any future endorsements.
Assets means the Underlying Fund or Underlying Product or Underlying Commodity or other investment.
Asset Choices means the Fund Choices or Product Choices or Commodity Choices.
Bid Price means the price we use to sell Notional Units corresponding to your chosen Asset Choices in accordance with your instruction. It is the price used in calculating switches out or redemption of Asset Choices corresponding to Underlying Assets.
Commodity/Underlying Commodity means the commodity or goods traded on a commodity exchange including but not limited to gold, silver and any other precious metals, physical or forward. Each of your Commodity Choice has a corresponding Underlying Commodity. Metis will purchase or sell Units in the Underlying Commodity corresponding to your Commodity Choice. Metis will review the commodity selections in the platform on a regular basis.
Commodity Choice means your choice of Commodity.
Contribution means an amount paid to Metis under and for the purpose of this Plan and includes Regular Contribution, Single Contribution and Additional Regular Contribution.
Contribution Holiday means the period during which you temporarily stop paying the Regular Contribution or any Additional Regular Contribution after the ICP.
Contribution Currency means the currency in which the Contributions shall be made under the Plan and shall not be changed to another
currency after the Plan Commencement Date without our approval in writing.
Contribution Payment Term or CPT means, in relation to Regular Contribution, the duration for which you agreed to pay Regular Contributions; and in relation to Additional Regular Contribution, the length of the remaining unpaid Contribution Payment Term of the Plan as at the date on which the clear funds of the Additional Regular Contribution are first received.
Encashment Value means the bid value of all the Account Units on the next Valuation Day, subject to the provisions set out in Clause 3.5.
Endorsement means a written document issued by Xxxxx to record and confirm amendments made to the terms of the Plan.
Excess Cash Account has the meaning ascribed to it in Clause 7.5. Extra Allocation shall have the meaning ascribed to it in Clause 4.1. Exit Charge has the meaning ascribed to it in Clause 6.6.
Exit Charge Rate has the meaning ascribed to it in Clause 6.6.
FATCA means
(a) the Foreign Account Tax Compliance Act provisions of the U.S. Internal Revenue Service under Sections 1471 to 1474 of the Code or any associated treasury regulations, as amended or supplemented from time to time, or other official guidance;
(b) any treaty, law, regulation or other official guidance enacted in any other jurisdiction, or relating to an intergovernmental agreement between the U.S. and any other jurisdiction, which (in either case) facilitates the implementation of paragraph (a) above; or
(c) any agreement pursuant to the implementation of paragraphs (a) or (b) above with the U.S. Internal Revenue Service, the US government or any governmental or taxation authority in any other jurisdiction.
FATCA Withholding means a deduction or withholding from a payment as required by FATCA.
FATCA Withholdable Payments include payments of interest (including original issue discount), dividends, and other items of fixed or determinable annual or periodical gains, profits, and income, in each case, from sources within the U.S., as well as gross proceeds from the sale of any property of a type which can produce interest or dividends from sources within the U.S. FATCA will also require withholding on the gross proceeds of such sales for payments made after December 31, 2016. Certain U.S. sourced financial payments in connection with lending transactions, investment advisory fees, custodial fees, bank or brokerage fees are also included.
Fund/Underlying Fund means an investment fund operated by a fund manager, each of your Fund Choices has a corresponding Underlying Fund. Metis will purchase or sell Units in the Underlying Fund corresponding to your Fund Choice. Metis will review the fund selections in the platform on a regular basis.
Fund Choices means each of your Fund Choices has a corresponding Underlying Fund. A list of all corresponding Underlying Fund can be found in our International Asset Selection.
Fund Closure Notice has the meaning ascribed to it in Clause 7.9(b).
Holding Account means a non-interest bearing account holding cash in the currency of the desired Underlying Asset corresponding to your Asset Choice where a contribution allocation or switch proceeds may be held until the next available Valuation Day of the Underlying Asset which it represents.
Initial Contribution Period (“ICP”) means, in relation to Regular Contribution, the initial contribution period beginning from the Plan Commencement Date and continuing for the period specified in the Clause 5.5. The ICP will vary with the Contribution Payment Term; and in relation to Additional Regular Contribution, the contribution period begins from the date on which the clear funds of the Additional Regular Contribution are received and the length of such contribution period depends on the length of the remaining unpaid Contribution Payment Term of the Plan as at the date on which the clear funds of the Increase Regular Contribution are first received.
Initial Account means the accounts containing the Initial Units.
Initial Account Value shows the notional value of your Initial Account and is equal to the number of Notional Units held in the Initial Account multiplied by the respective bid price of the Assets.
Initial Units means the Units purchased by the Regular Contribution and each Additional Regular Contribution (if applicable) contributed during the relevant ICP including Extra Allocation (if any).
Initial Unit Charge means the charge we make by cancelling Units allocated to the Initial Account in accordance with the Clauses 6.2.
Loyalty Bonus means the bonus that may be allocated to the Accumulation Account under this Plan having a Contribution Payment Term of 10 years or more, according to the Clause 4.2.
Minimum Contribution means the minimum contribution to be allocated to an Asset Choice.
Monthly Contribution means the monthly Regular Contribution or Additional Regular Contribution, or the average monthly figure of the Regular Contribution or Additional Regular Contribution (if it is paid at other regular interval).
Minimum Plan Value means USD3,000 or an equivalent amount, subject to any change from time to time which may take effect after one month notice.
Notional Units means the Units in the Underlying Assets that shall notionally be purchased without taking into account the cancellation of Units in payment of the charges imposed by Clause 6. The price of the Notional Units is set to be equal to the price of a Unit in the Underlying Asset. The Notional Units are used only for the purpose of calculating the value of your Plan.
Offer Price means the price at which Metis buys Units of the Underlying Asset corresponding to your Asset Choices. It is the price used for investments or switches into Underlying Assets.
Paid-up means the regular contribution has ceased for more than 24 months and the plan is subjected to the Paid-Up Charge in accordance with Clause 6.5.
Paid-Up Charge has the meaning ascribed to it in Clause 6.5.
Partial Withdrawal has the meaning ascribed to it in Clause 3.4(a).
Plan means a regular contribution investment-linked saving plan provided by Metis Global Limited named “Intelligence” which terms and conditions are provided in this Agreement.
Plan Account means your account under the Plan containing the Account Units.
Plan Anniversary means the same day and month in each year as the Plan Commencement Date.
Plan Commencement Date means the commencement date of the Plan as shown in the Plan Schedule.
Plan Fee means the fee payable in respect of the Plan pursuant to Clause 6.1.
Plan Maturity Date means the date stated in the Plan Schedule as the Plan Maturity Date being the date the Contribution Payment Term ends and no Exit Charge for taking Encashment or Withdrawal from the Plan will apply.
Plan Month means a month starting from the same day in each month as the Plan Commencement Date.
Plan Owner means the applicant(s) of the Plan specified in the Plan Schedule or the successors in title or assignees of the applicant(s).
Plan Schedule means the document, issued at the Plan Commencement Date, or the latest revised version thereof, and any endorsements, which sets out specific details of your Plan.
Portfolio Manager appointed by You to decide the portfolio, redirection and asset or investment switching in the Plan.
Product Choices means your choice of Underlying Product.
Registered Office means the registered office of Metis in Hong Kong at the relevant time.
Regular Contribution means the amount of Contribution shown in the Plan Schedule payable on a regular basis under this Plan.
Regular Withdrawal means a sequence of fix amount Withdrawals after the ICP, at your request, on a regular basis and in a pattern agreed with us, by completing the relevant form provided by us.
Reinstatement means the re-commencement of payments of Regular Contribution or Additional Regular Contribution after the Plan has lapsed. You may request a reinstatement of the Plan before the Plan has terminated in accordance with Clause 3.6.
Single Contribution means a single amount paid by you on an ad hoc basis which is stated in an endorsement issued by us and does not include Regular Contribution and Additional Regular Contribution.
Subsequent Initial Period means a period of the duration as the Initial Period but commencing on an Additional Regular Contributions.
Structured Product includes:
(a) an instrument under which some or all of the return or amount due (or both the return and the amount due) or the method of settlement is determined by reference to one or more of:
(i) changes in the price, value or level (or a range within the price, value or level) of any type or combination of types of securities, commodity, index, property, interest rate, currency exchange rate or futures contract;
(ii) changes in the price, value or level (or a range within the price, value or level) of any basket of more than one type, or any combination of types, of securities, commodity, index, property, interest rate, currency exchange rate or futures contract; or
(iii) the occurrence or non-occurrence of any specified event or events (excluding an event or events relating only to the issuer or guarantor of the instrument or to both the issuer and the guarantor);
(b) an agreement the purpose or effect, or pretended purpose or effect, of which is to provide, whether conditionally or unconditionally, to any party to the agreement a profit, income or other returns calculated by reference to changes in the value of any property; and
(c) any similar interests, rights or property.
Underlying Asset means the Underlying Fund or Underlying Product or Underlying Commodity or other Underlying Asset.
Underlying Product means a Structured Product, each of your Product Choices has a corresponding Underlying Product. Metis will purchase or sell Units in the Underlying Product corresponding to your Product Choice. Metis will review the Product selections in the platform on a regular basis.
Unit means the portions or units into which a Fund or Underlying Product or Underlying Commodity is divided.
Unit Price in respect of a Fund, is the price per Unit of that Fund and in respect of a Structured Product, is the price per Unit of that Structured Product and in respect of a Commodity, is the price per Unit of that Commodity.
Valuation Currency means the currency specified by you in the Application Form for valuation of the Plan.
Valuation Day in respect of an Asset, means each day which is a Hong Kong Business Day and (if relevant) an Underlying Asset Business Day.
Withdrawal means a withdrawal from the Plan which will decrease the Plan Value.
1.2 In these Terms and Conditions, the singular includes the plural and the masculine includes the feminine and neuter gender, and in each case vice versa, unless specifically indicated otherwise.
1.3 Where the words “include(s)” or “including” are used in the Terms and Conditions, they are deemed to have the words “without limitation” following them and the words “other” and “otherwise” where used in the Terms and Conditions are illustrative and shall not limit the sense of the words preceding them.
1.4 References in these Terms and Conditions to a Clause or a sub-Clause are to a clause or sub-clause respectively of these Terms and Conditions and references in these Terms and Conditions to a Schedule are to a schedule to these Terms and Conditions.
2. GENERAL CLAUSES
2.1 The Agreement
The name of the Plan is “Intelligence”. The Plan will give you access to a variety of investment vehicles.
2.2 Cooling-Off Period
(a) You may cancel the Plan within 30 days after the issue date of the Plan Schedule. If you wish to cancel this Plan, your request (“Request”) to cancel must be in writing, signed by you and received directly by us at our Registered Office.
(b) After we receive your Request we will within 45 calendar days refund all Regular Contributions and Single Contributions received by us without interest, from which we will deduct an amount to cover any differences, loss, charges and costs resulting from or in connection with the Request or the realization of the assets acquired in the Plan.
2.3 Currency
(a) The Contributions shall be made in the Contribution Currency. The Asset Choices into which Contribution are to be allocated may be in different currencies from the Contribution Currency. When purchasing or selling Units in the Underlying Asset corresponding to your Asset Choice, the transaction will take place at the prevailing exchange rates of the Asset Choice currency and the Contribution Currency (as determined by us in our reasonable discretion) on the date when the payment is processed by us.
(b) You must specify the Contribution Currency and Valuation Currency in
the Application Form. If no Valuation Currency is specified, the Contribution Currency will be used as the default Valuation Currency. The Valuation Currency of Plan can be in one of 6 currencies – US dollar (USD), Euro dollar (EUR), Australia dollar (AUD), Chinese Yuan Renminbi (CNY), Hong Kong dollar (HKD) or Japanese yen (JPY). We may accept other Valuation Currency in our absolute discretion.
(c) For the purposes of valuation, the value of Notional Units in your Plan will be aggregated on the valuation statements and valued both in their own currency and in the Valuation Currency. The Valuation Currency will be stated and adopted in the annual statements which will be sent to you to update you on the status of the investments made under the Plan. You will be deemed to accept the annual statements and all the contents therein if we do not receive any objections from you within one month after the same is sent to you.
(d) Any Encashment or Withdrawal must be calculated in the USD. However, we may, upon timely request in writing, pay out in a different currency at the prevailing exchange rate (as determined by us in our reasonable discretion).
(e) Generally, all Contribution figures quoted in any document relating to the Plan are in USD. To convert those figures to other currencies the following conversion rates should be used:
Currency | USD | EUR | AUD | CNY | HKD | JPY |
USD | 1 | 1 | 1 | 7 | 8 | 100 |
If the market exchange rates of any of these currencies changes by more than 20% from [1st June 2014] we may by giving you not less than three months prior notice in writing amend the conversion rate or rates to reflect the then current market exchange rates.
(f) For the purpose of the Plan, we are entitled to convert such amounts insofar as the conversion is desirable or required. Whenever there is any conversion of currency, we may convert the amount at the rates stipulated in Clause 2.3(e) above or at the prevailing exchange rate (as determined by us in our reasonable discretion), subject to any applicable law relating to exchange control or any other restriction.
2.4 Communication
The Plan Owner must inform Xxxxx in writing about any changes to the Plan Owner’s address, country of residence, citizenship or domicile as soon as possible after any change.
(a) Any notice to be given under this Agreement will be sent by post to your latest correspondence address or email to your email address as notified to us, and will be deemed to have been received by you within 48 hours of posting or sending out.
(b) Any application or notice to us will be considered received by us only if the original copy of the application or notice was sent to our Registered Office, but we may at our discretion act on any application or notice received by facsimile, email or other electronic means. We reserve the right to require additional information or documents to be submitted by you before we act on the application or notice.
2.5 Termination
Subject to Clause 3.7, this Plan will automatically terminate on the earliest of the following:
(a) non-payment of the Regular Contribution during the ICP; or
(b) where the Plan Value is less than the Minimum Plan Value in effect after the ICP;
(i) as a result of any Withdrawal or Regular Withdrawal after the ICP, or
(ii)any time during Contribution Holiday after deducted any relevant charge (except where the Plan Value is less than the Minimum Plan Value solely due to market movements), or
(c) the Plan is cancelled; or
(d) the Encashment Value is paid; or
(e) Metis receives your written instruction of full Withdrawal from the Plan after the Plan Maturity Date.
We may terminate this Plan at any time if in our opinion this Plan is likely to impose any regulatory or tax obligation on us that we would not otherwise be subject to.
The situations in (a), (b), (c) and (d) above will all be subject to applicable Exit Charge as set out in Clause 6.6. On termination, you will be entitled to receive the value realized from the disposal of the Account Units less any applicable fees and charges.
2.6 Rounding
We reserve the right to round off any figures in the decimal places in any of our calculations. Such calculations will include, but are not limited to, the determination of charges, Unit Prices as well as the creation, redemption and/or allocation of Units. Based on our current practice (and subject to the dealing rule of the underlying assets), rounding off adjustments will result in:
(a) The Notional Unit of Assets allocated and cancelled to the nearest two, three or four decimal places; and
(b) The value of your Plan and the charges of your Plan to the nearest two , three or four decimal places.
Any Bid Price or Offer Price of Assets will not be rounded. Notwithstanding the above, we reserve the right to adjust the number of decimal places or rounding method for each calculation with not less than one month’s prior written notice or such other period of notice in compliance with the relevant regulatory requirements.
2.7 Portfolio Manager
(a) Subject to our agreement, you may appoint a Portfolio Manager to act on your behalf for the purpose of making asset switching decisions or Contribution redirection or otherwise for your Plan, on the express understanding that you bear full responsibility for the acts or omissions of your Portfolio Manager. Our agreement to your appointment of the Portfolio Manager does not constitute a recommendation nor any representation in respect of the Portfolio Manager. The Portfolio Manager is the agent of the Plan Owner not of Metis.
(b) For any appointment or termination of appointment of a Portfolio Manager, you must use our appropriate form and meet all specified requirements in effect at that time.
(c) We reserve the right to terminate an appointment or withhold consent to an appointment proposed by you at any time. Xxxxx will not be liable for any loss sustained arising from the appointment of the Portfolio Manager nor from any request or instruction from the Portfolio Manager which is accepted or acted upon by Xxxxx. We will not be accountable for any actual or prospective loss incurred as a result of or in connection with the appointment of the Portfolio Manager whatsoever.
2.8 Changed Circumstances
We are entitled to alter or modify or terminate this Agreement at any time by one month’s notice in writing if:
(a) there is a change in the law affecting the Plan;
(b) there is a change in the tax treatment affecting the Plan; or
(c) it becomes impossible or impracticable to perform any provisions in this Agreement as a result of changes in the law or other circumstances beyond our control.
We are entitled to alter, modify or terminate this Agreement with immediate effect by giving notice to you if it becomes unlawful at any time for Metis or the Plan Owner to be a party to this Agreement or for either party to perform all or any of its obligations under this Agreement.
Termination of this Agreement pursuant to this clause will be subject to applicable Exit Charge as set out in Clause 6.6.
We also reserve the right to amend charging levels, the Minimum Contribution, Minimum Value for each Underlying Asset, Minimum Plan Value or any amount referred to in this Agreement from time to time by a reasonable amount to reflect the inflation and operation cost.
2.9 Taxation
We will not be responsible for any tax liability or issues that may arise as a result of or in connection with this Plan. You are advised to seek
independent tax advice in respect of this Plan from a professional tax adviser.
2.10 Law and Jurisdiction
These Terms and Conditions are governed by, and shall be construed in accordance with, the laws of Hong Kong Special Administrative Region. The courts in the Hong Kong Special Administrative Region shall have exclusive jurisdiction to settle any disputes and claims that arise out of, or in connection with, these Terms and Conditions.
2.11 Severability
Notwithstanding that the whole or any part of any provision of this Agreement may be held to be illegal or unenforceable, the other provisions and the remainder of the provision in question will remain in full force and effect.
2.12 Data protection
Metis respects data protection and will endeavor to keep any data provided to Metis by the Plan Owner confidential. However, you agree that Metis may for the purpose of the Plan or this Agreement share such data with any other person deemed appropriate by Metis and you agree that Metis may disclose such data if required to do so by regulator, court or by law. Also Metis may transfer your personal data to any place for any of the purposes set out above including data processing and storage.
2.13 Inconsistency
If there is any inconsistency between the English, Chinese or other language versions of this Agreement, the English version shall prevail.
3. OWNERSHIP CLAUSES
3.1 Plan Ownership
(a) The Plan Owner shall be the owner of this Plan and shall be entitled to exercise all rights given to the Plan Owner under this Agreement. We hold the Account Units and other benefits of this Plan on trust for and on behalf of the Plan Owner.
(b) You may change the owner of this Plan, such change is valid only if the notice is dated and signed by us during the lifetime of the Plan Owner while this Plan is in effect. We will not be responsible for any payment we make or other action we take before we date and sign the notice.
3.2 Where the Plan Owner is more than one individual (Joint Plan Owner):
(a) If there is more than one Plan Owner, the rights and obligations of the Plan Owners under this Agreement shall be joint and several.
(b) If there is more than one Plan Owner, we shall be entitled in our absolute discretion to treat any one of such Plan Owners as authorized to give us instructions and notices under this Agreement and to accept notices, receive payments and enjoy benefits under this Agreement on behalf of all such Plan Owners, and we shall be entitled in our absolute discretion to comply with the instructions of any one of such Plan Owners notwithstanding any inconsistency in such instructions with those of any of the other Plan Owners. We shall have no liability whatsoever for complying with the instructions or otherwise of any one of the Plan Owners. We shall not be required to confirm with all Plan Owners the legitimacy of any instructions given to us by any one Plan Owner or the authority of any one Plan Owner to act on behalf of all Plan Owners.
(c) Notwithstanding any other provision herein, if there is more than one
Plan Owner, the rights to the Plan belong to the Plan Owners as joint tenants with the right of survivorship.
3.3 Assignment
You may transfer your rights under this Plan to someone else. If you wish to assign your rights under this Plan, you must ensure that we receive formal notice of your intention to do so via the submission of a completed form which you may request from us. This form must be sent to us and
such change is valid only if the notice is dated and signed by us during the lifetime of the existing Plan Owners and while this Plan is in effect. We will not be responsible for any consequences, liability or loss arising from or in connection with any transfer or appointment hereunder or your failure to notify us in accordance with this Clause.
3.4 Withdrawal
You may make a Withdrawal or Regular Withdrawal from the Accumulation Units in accordance with the following Clauses:
(a) Partial Withdrawal of Accumulation Units (“Partial Withdrawal”) can be made at any time while the Plan is in force and no Exit Charge is payable on such Partial Withdrawal provided that the amount of each Partial Withdrawal must be equal to or more than the Minimum Partial Withdrawal amount as stated in the table below and further that after such Partial Withdrawal, the Plan Value remains equal to or more than the Minimum Plan Value.
If you wish to withdraw an amount in excess of the Maximum Partial Withdrawal, this will be regarded as an encashment under Clause 3.5 and therefore subject to the Exit Charge.
Table 3.4: Minimum Withdrawal per Payment for different Plan Currencies
Plan Currency | USD/ EUR/AUD | CNY | HKD | JPY |
Minimum Withdrawal per Payment | 1,000 | 7,000 | 8,000 | 1,00,000 |
(b) Subject to (c) below, any Withdrawal can be drawn from the Accumulation Units and Initial Units. We will cancel Accumulation Units allocated to the Plan using the Bid Price equal to the aggregate value of the withdrawal sum after receipt of the written instructions.
(c) Partial Withdrawal of Initial Units can only be made after the ICP and after Accumulation Units have been withdrawn; and will be subject to the Exit Charge as stated in the Clause 6.6.
(d) For Withdrawal options, you may select:
(i) the Assets and the number of Units to be sold; or
(ii) the amount You wish to withdraw; unless otherwise specified Withdrawals will be deducted equally from all Assets held in the Accumulation Account, or in such manner as we absolutely think fit. Due to the market movement, even if specified, there may be a discrepancy of the withdrawal amount.
(e) Regular Withdrawals can be paid annually, bi-annually, quarterly or monthly. Regular Withdrawals will normally commence one month after we have received your written request.
3.5 Encashment
You may terminate and encash the Plan and obtain the Encashment Value at any time subject to the following provisions:
(a) Any Exit Charge due and any outstanding Plan charges (as imposed by Clause 6), will be deducted from the Plan Value, if Plan is encashed before the Plan Maturity Date.
(b) If the Plan is encashed within 36 months from the commencement date of such Regular Contribution and Additional Regular Contributions (as the case may be), any Extra Allocation paid previously in respect such Regular Contribution and Additional Regular Contributions (as the case may be) will be cancelled or deducted from the relevant Initial Account at the discretion of Metis.
(c) All Account Units will be encashed using the Bid Price for the corresponding Underlying Assets, after receipt by us of the proper written instructions and proof that you are the person legally entitled to the amounts payable under the Plan.
(d) Once the Encashment Value has been paid, we will not accept any further Contributions nor will we pay any further benefits and the Plan will terminate automatically. You will have no further rights to benefits or options under the Plan.
(e) We will pay out the Encashment Value or Withdrawal sum in USD or upon requested Currency (subject to our absolute discretion) by electronic transfer, within 60 Hong Kong calendar days after the Valuation Day provided we have received the settlement proceeds
from the Manager, Issuer or Dealer of the relevant Underlying Asset.
(f) In exceptional circumstances, such as extreme stock market closure or to protect the interests of other Plan Owners, payments from a Plan may be delayed by Xxxxx. In the event that this happens, we will do our best to minimize the delay and keep you informed of the likely length of delay.
(g) As the Plan Owner, you must meet the cost of payment. No interest is payable in respect of Encashment Value whatsoever.
3.6 Reinstatement
(a) If this Plan is no longer in effect (i.e. it has lapsed) because either You have not paid Regular Contribution and/or Additional Regular Contribution during the ICP (as contemplated in Clause 5.6) or, after the ICP, the Plan Value is insufficient to cover the relevant Plan charges (as contemplated in Clause 5.7), we may in our sole discretion permit the reinstatement of this Plan provided you apply to us to reinstate this Plan within one year after the date on which the Plan lapsed by using our appropriate application form and you meet all specified requirements in effect at that time.
(b) No reinstatement is allowed if your Plan has been terminated.
(c) Any Loyalty Bonus and Extra Allocation which were deducted previously will be reinstated to the Plan (if applicable) subject to payment of the amounts that should have been paid if the Plan has been in effect throughout and not lapsed.
(d) If you resume paying the Regular Contribution and Additional Regular Contributions, the Contribution Holiday status of your Plan will cease and the Paid-Up Charge will stop.
3.7 Plan Maturity
After the Plan Maturity Date, you have following choices:
(a) Keep the Plan at Paid Up Status without paying any subsequent Contribution:
(i) The Plan will be kept in force as long as the Plan Value exceeds the Minimum Plan Value, otherwise the Plan will be terminated automatically and pay the Encashment Value to you, no reinstatement of the Plan will be allowed.
(ii) You cannot increase the Regular Contribution amount or pay any additional Single Contributions to the Plan;
(iii) All Exit Charges are waived, but Administration Charge as set out in the Clause 6.3 will continue to apply. You can make a withdrawal or encash the Plan at any time.
(b) Encashment
You can elect to cancel your Plan for the Encashment Value. If we receive such written notice from you, we will pay you the Encashment Value of the Plan by selling all units in Plan Account under the Plan at the next Valuation Date after deducting any charges applicable in respect of the Plan and amounts owing to us.
(c) Withdrawal/Regular Withdrawal
See Clause “3.4 Withdrawal”.
(d) Annuity Arrangement
If your Plan term is equal to or is over 15 years, and you have interest to use the Encashment Value to buy an annuity product for securing your income in the future after Plan Maturity Date, depend on the market conditions at that time, we may provide information about a proper annuity product in accordance with your need for your independent consideration.
4. BENEFIT CLAUSES
4.1. Extra Allocation during the ICP
(a) We may in our absolute discretion provide Extra Allocation during the ICP to the Plan from time to time. For details of the Extra Allocation, please refer to the Plan Schedule as attached to this Agreement. If we decide in our absolute discretion, while this Plan is in effect, extra Units (“Extra Allocation”) will be credited to this Plan upon our receipt of each payment in cleared funds of Regular Contribution during the relevant ICP.
(b) If there is Extra Allocation to the Plan, the Extra Allocation percentage varies with the Monthly Contribution and the Contribution Payment Term. After the ICP, 100% of all future contributions will be allocated to Accumulation Units.
(c) The Extra Allocation will be credited by notionally allocating additional Initial Units to this Plan based on the relevant Offer Price and in accordance with your latest Asset Choice selection.
(d) If the Regular Contribution or any Additional Regular Contribution is not punctually paid in full as it falls due for a continuous period of 3 months during the relevant ICP, this Plan will be deemed lapsed and the Extra Allocation paid previously in respect such Regular Contribution and Additional Regular Contributions (as the case may be) will be cancelled or deducted from the relevant Initial Account for nil consideration.
4.2 Loyalty Bonus
A bonus as stated in the Plan Schedule (“Loyalty Bonus”) may be awarded in accordance with this Clause for any Plan with a Contribution Payment Term of 10 years or more.
Provided that the Plan remains in force, the Loyalty Bonus will be awarded every 5 years on the 5th Plan Anniversary and every 5th Plan Anniversary thereafter, until the expiry of the earlier of (i) 30 years immediately following the Plan Commencement Date (in which case 6 times of Loyalty Bonus will be awarded at most) and (ii) the Contribution Payment Term. For details of the rate of Loyalty Bonus, you may refer to the attached Plan Schedule for your record.
The Loyalty Bonus will be awarded within one month after the relevant 5th Plan Anniversary, and it will be credited by notionally allocating additional Accumulation Units to this Plan based on the relevant Offer Price and in accordance with your latest Asset Choice selection.
immediately following the day upon which:
(a) your Contributions are cleared and confirmed by our bank or
(b) our internal processing of your Contributions is completed according to our latest record of your Asset Choice selection or (ii) where it is not reasonably possible to purchase Units on such Valuation Day, the relevant portion of the Contribution amount will be held in the relevant Holding Account until the next Valuation Day when it is possible to purchase Units.
5.1 Regular Contribution
(a) All Regular Contributions are due at such times and in such Plan Currency as specified and agreed in the Plan Schedule from the Plan Commencement Date until the Plan Maturity Date. The minimum Regular Contribution by frequency and currency are shown in following table. At the moment, there is no upper limit on Regular Contribution but we reserve our right to prescribe a limit. All payments must be made into our Holding Account opened with a custodian bank. We reserve the right to change the minimum Regular Contribution amount from time to time to reflect the inflation and operation cost.
(b) Depending on the Contribution Currency, payment methods are determined by us at the time of processing and set out in our application documents provided to you. The cost of payment must be met by you.
Table 5.1: Minimum Regular Contribution
Currency | USD/EUR/AUD | CNY | HKD | JPY |
Monthly | 300 | 2,100 | 2,400 | 30,000 |
Quarterly | 900 | 6,300 | 7,200 | 90,000 |
Half-Yearly | 1,800 | 12,600 | 14,400 | 180,000 |
Yearly | 3,600 | 25,200 | 28,800 | 360,000 |
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5.2 Single Contribution
The Loyalty Bonus will be forfeited if your Plan is cancelled or terminated before the Loyalty Bonus is awarded to your Plan. Awarded Loyalty Bonus will not be forfeited by reason of cancellation or termination your Plan.
The Loyalty Bonus does not apply to any Single Contribution, or Regular Contribution and/or Additional Regular Contribution with a Contribution Payment Term of less than 10 years.
4.3 Plan Fee Refund
After the Plan Maturity Date, 100% of Plan Fee that you have paid during the whole Contribution Payment Term will be refunded for any Plan with a Contribution Payment Term of 10 years or more if:
(a) during first 10 consecutive Plan years:
(i) all Regular Contribution due has been fully paid (and there are no missing contributions); and
(ii) there has not been any Contribution Holiday; and
(b) on the Plan Maturity Date, the Plan Value is not less than the Minimum Plan Value.
Notwithstanding anything herein contained, no Plan Fee will be refunded if your Plan is cancelled or terminated before the Plan Maturity Date.
Any Plan Fee to be refunded pursuant to this Clause 4.3 will be paid within one month after the Plan Maturity Date by notionally allocating additional Accumulation Units to this Plan based on the relevant Offer Price and in accordance with your latest Asset Choice selection.
5. CONTRIBUTION CLAUSES
The Regular Contribution, Additional Regular Contribution and Single Contribution (if any), together with the relevant Extra Allocation (if applicable), after the deduction of the charges imposed by Clause 6 (if applicable) (i) will be used for the purchase of Units on the Valuation Day
(a) Single Contributions can only be added to an existing Plan at any time when the Plan is in force but cannot be accepted as standalone plans. Single Contributions should be separated by you from any Regular Contributions and we should be notified before Single Contributions are made.
(b) Single Contributions can be paid by electronic transfer but cannot be paid by credit card.
(c) The minimum Single Contribution is USD3,000/EUR3,000/AUD 3,000/ CNY21,000/ HKD24,000/ JPY300,000.
(d) Single Contributions will be allocated to purchase Units in the same proportions as Regular Contributions, unless specific instructions are received from you.
5.3 Additional Regular Contribution
(a) You may increase your Contribution to the Plan by making additional Regular Contribution (“Additional Regular Contribution”). The Additional Regular Contribution must take effect from at least five years before the Plan Maturity Date and be more than the minimum amount set out in the table below depending on the Plan Currency and the frequency of Contribution.
(b) Any Additional Regular Contribution shall not be made after the Plan Maturity Date.
Table 5.3 Minimum Additional Regular Contribution amount:
Currency | USD/EUR/AUD | CNY | HKD | JPY |
Monthly | 50 | 350 | 400 | 5,000 |
Quarterly | 150 | 1,050 | 1,200 | 15,000 |
Half-Yearly | 300 | 2,100 | 2,400 | 30,000 |
Yearly | 600 | 4,200 | 4,800 | 60,000 |
5.4 Reducing Regular Contribution
(a) After the ICP, you may reduce your Regular Contribution once, provided that after any reduction your Regular Contribution shall be not less than the Minimum Regular Contribution as shown in Table 5.1.
(b) We may in our absolute discretion, accept any reduction in Regular Contribution during the ICP.
(c) You are not allowed to reduce the Additional Regular Contribution during the relevant ICP of the Additional Regular Contribution.
5.5 Contribution Payment Term (“CPT”) and ICP
(a) At the outset you select a Contribution Payment Term to match the financial objectives you have set yourself. The minimum Contribution Payment Term is five years, and the maximum is thirty years, provided the Plan Owner’s age at the Plan Maturity date is not more than 80 on the next birthday after the Plan Maturity Date. You may be entitled to a Loyalty Bonus in accordance with Clause 4.2.
(b) The ICP is determined by the Contribution Payment Term of your Plan.
Table 5.5 Initial Contribution Period upon on Contribution Payment Term
Contribution Payment Term | Initial Contribution Period |
5 to 9 years | First 15 months |
10 to 18 years | First 18 months |
19 to 25 years | First 24 months |
26 to 30 years | First 30 months |
5.6 Plan Lapsed for non-payment of Contribution during ICP During the ICP of Regular Contribution and/or any Additional Regular Contribution, if you do not pay the Regular Contribution for a continuous period of 3 months, the Plan will be deemed to be no longer in effect (i.e. lapsed). You will not make any Asset switching until the payment of all due or outstanding Contributions or other amounts has been made.
to the charges that are required to be paid under this Plan. Units will be cancelled from the Underlying Asset of Asset Choices you have selected in proportion to the total bid value of the Units allocated.
6.1 Plan Fee (for Regular Contribution only)
A monthly fee shall be paid in advance each Plan Month during the Contribution Payment Term. During the ICP, this fee shall be accrued and paid by cancelling the Units to be allocated for the Accumulation Account, or deducting the relevant amount in the contribution before the allocation of units (as the case may be); and after the ICP, this fee shall be paid by cancelling the Units to be allocated for the Accumulation Account or deducting the relevant amount in the contribution before the allocation of units (as the case may be). If there is not enough unit for fee deduction, this fee will be accrued and then be collected when (i) there is further contribution, (ii) the Plan is being terminated or (iii) the Contribution Payment Term matures whichever is applicable. Please refer to the Plan Schedule for the details of Plan Fee.
6.2 Initial Unit Charge
(for Regular Contribution and Additional Regular Contribution only)
The current Initial Unit Charge is charged on the Regular Contribution and any Additional Regular Contribution for the entire applicable ICP throughout the whole contribution payment term. This charge shall be paid in advance to us and will be deducted during its relevant Contribution Payment Term of the relevant Initial Account by cancelling the units to be allocated for the Initial Account. This charge will be accrued and deducted monthly. Please refer to the Plan Schedule for the details of the Initial Unit Charge.
(a) After the Plan is no longer in effect for 12 months, we will terminate your Plan in accordance with Clause 2.5 and pay you the Encashment Value (if any). Upon such payment all of our obligations under this Plan shall cease.
(b) You may apply for Reinstatement of the Plan in accordance with
Clause 3.6, before the Plan is terminated.
5.7 Contribution Holiday for non-payment of Contribution after ICP
After the ICP of your Regular Contribution and any Additional Regular Contributions, if you do not pay the Contributions in full within 30 calendar days of grace period from the date when they fall due:
(a) The Plan will be in Contribution Holiday status automatically. This will not affect the remaining Contribution Payment Term.
(b) If any Regular Contribution or Additional Regular Contribution is not paid for more than any continuous period of 24 months, the plan will become Paid-up and a Paid-Up Charge will be levied on your Plan subject to Clause 6.5.
(c) Your Plan will remain in Paid-up status until it is cancelled, terminated or reinstated pursuant to Clause 3.6.
(d) While the Plan is in Paid-up status, any relevant charges as set out in Clause 6 will continue to be payable.
(e) If the Plan is insufficient to cover the Plan charges or the Encashment Value of the Plan is less than USD100 / EUR100 / AUD100/ CNY700 / HKD800 / JPY10,000, the Plan will be terminated without value and all benefits will cease.
5.8 Changing Contribution Frequency
Regular Contribution can be paid on a monthly, quarterly, half-yearly or annual basis. The frequency of the Regular Contribution may be changed with our consent and subject to such conditions as we may wish to impose, with such change to take effect at the next anniversary of the Plan Commencement Date.
6. CHARGES CLAUSES
There are charges payable to us for us to provide and administer the Plan. These charges are paid by cancelling Units to be allocated equal in value
6.3 Administration Charge
(a) The current administration charge is charged on the Regular Contribution and any Additional Regular Contribution for the entire applicable ICP and value of Accumulation Account as at the due date, and payable monthly until the termination of the Plan. For the administration charge on the Units during ICP, the fee shall be paid in advance by cancelling the Units to be allocated for the Initial Account; and for the administration charge on the Units after ICP, the fee shall paid by cancelling the Units to be allocated for the Accumulation Account (as the case may be). Please refer to the Plan Schedule for the details of the Administration Charge.
(b) If the balance of Accumulation Account is insufficient to cover the Administration Charge due, then the remaining balance of the Administration Charge shall be deducted by canceling Units from the Initial Account.
6.4 Contribution Charge (for Single Contribution only)
The current charge for each Single Contribution is 5% of the Single Contribution made. This is one-off charge for each Single Contribution to the Plan, such charge is paid by cancelling in advance of the Units to be allocated to the Plan.
6.5 Paid-Up Charge
(a) The current Paid-Up Charge is 0.02% of your Initial Account Value per each Plan Month and subject to Clause 6.5(b) payable in arrears by cancelling the Units to be allocated for the Initial Account or the Accumulation Account (as the case may be). If there is not enough unit for fee deduction, this fee will be accrued and then be collected when (i) there is further unit allocated into the Plan. (ii) the Plan is being terminated or (iii) the Contribution Payment Term matures whichever is applicable.
(b) Once you resume paying Contributions, the Paid-up status will cease and the Paid-Up Charge will stop until any Regular Contribution or Additional Regular Contribution is not paid for more than any continuous period of 24 months.
6.6 Exit Charge
(a) The Exit Charge is equal to (i) the applicable Exit Charge Rate (as shown below) multiplied by (ii) the Initial Account Value as at the date the Units are cancelled.
(b) The Exit Charge Rate is 100% in the first Plan year. Starting from the second Plan year, please refer to the table below for the applicable Exit Charge Rate. The Exit Charge Rate will be dependent on either, as determined by Xxxxx, (i) the number of years from the date of Encashment or Termination until the end of your chosen Contribution Payment Term (“CPT”); or (ii) the number of years from the date of last Contribution until the end of your chosen CPT. For the purpose of determining the Exit Charge Rate, each incomplete year remaining to CPT will be rounded up to a complete year. There is no Exit Charge after CPT.
(c) The Exit Charge shall be paid by cancelling the Units to be allocated for the Initial Account or the Accumulation Account (as the case may be).
Table 6.6 Exit Charge Rate
Remaining Year(s) to CPT | Exit Charge Rate | Remaining Year(s) to CPT | Exit Charge Rate | Remaining Year(s) to CPT | Exit Charge Rate |
1 | 8% | 11 | 54% | 21 | 76% |
2 | 15% | 12 | 56% | 22 | 78% |
3 | 20% | 13 | 58% | 23 | 80% |
4 | 25% | 14 | 60% | 24 | 81% |
5 | 30% | 15 | 62% | 25 | 83% |
6 | 35% | 16 | 64% | 26 | 84% |
7 | 40% | 17 | 66% | 27 | 86% |
8 | 44% | 18 | 69% | 28 | 88% |
9 | 47% | 19 | 71% | 29 | 90% |
10 | 50% | 20 | 74% | 30 | 100% |
6.7 Switching Fee
There is currently no switching fee for changing Asset Choices. However, we reserve the right to introduce and revise this from time to time. We will not impose a switching fee in the event of an involuntary investment switch where we close a relevant Fund or termination of a Structured Product.
6.8 Charges within the Underlying Asset
Underlying Asset charges are dependent on Asset Choice and corresponding Underlying Asset and based on the range of Underlying Assets available in our International Asset Selection. For further information please refer to the individual Underlying Asset prospectus, published by the Fund Manager, Issuer (as the case may be) or Dealer available from your Financial Adviser.
6.8.1 Annual Management or Storage Charge
The charge is determined by the Underlying Fund Managers and Underlying Product Issuers and Underlying Commodity Dealers and may be varied from time to time. For Underlying Fund and Underlying Product, this charge is deducted by the Fund Manager and Product Issuer directly from the Underlying Asset and is reflected in the relevant Unit prices so you are not required to separately pay this charge. For Underlying Commodity, you may be required to pay this charge separately.
6.8.2 Bid-Offer Spread
The ‘offer price’ is the price you pay for a Unit to be allocated to your Plan. The ‘bid price’ is the price at which we cancel a Unit from your Plan. The difference between the offer price and bid price in a Fund or Structured Product or Commodity is the bid-offer spread which is effectively a charge which you pay to the Underlying Fund Manager or Underlying Product Issuer or the Underlying Commodity Dealer, the spread will vary among different Funds and Structured Products and Commodity.
(a) Currently for all Funds in the International Asset Selection the Bid-Offer spread is nil, details of each Underlying Fund under this Plan can be found from prospectus of the Underlying Fund. However, there may be Bid-Offer spread for the Structured Products and Commodity and the actual charges will be subject to the announcement of the product details of each Structured Product or Commodity Dealer.
(b) We reserve the right to charge a Bid-Offer Spread which reflects the redemption charge applied by the corresponding Underlying Fund Managers or Underlying Product Issuer or Underlying Commodity Dealer when they amend their charging structure.
6.8.3 Early Redemption Charge
The charge is determined by the Underlying Fund Managers or Underlying Product Issuer or Underlying Commodity Dealer and may be varied from different Funds or Structured Products or Commodity. The charge may be applied when you redeem the Underlying Assets earlier than the maturity or required holding period of the assets. Please refer to the fact sheet of product information of each Fund or Structured Product or Commodity published by the Underlying Fund Managers, Underlying Product Issuer or Underlying Commodity Dealer or Metis for details.
6.9 Portfolio Management Fee (if Applicable)
(a) If you choose to appoint a portfolio manager there may be a portfolio management fee, this fee ranges from 0% to 2% per annum of the value of the Accumulation Account. The fee is optional and is to be agreed between you and your appointed third party Portfolio Manager. You will be responsible for the payment of this fee.
(b) If applicable it will be deducted on monthly basis from Accumulation Account by canceling the appropriate number of Accumulation Units at the available Bid Price on next Valuation Day of Plan Month in proportion to the value of the Funds.
(c) The fee will be paid to the Portfolio Manager by Xxxxx on Your behalf.
6.10 Currency Exchange Charge (if Applicable) See Clause 2.3 above.
6.11 Other charges (if Applicable)
Any fees or transmission charges otherwise incurred as a result of or in respect of the Plan will be paid by cancellation of Initial Units or the Accumulation Units (as the case may be).
6.12 Revision of Charges
We reserve the right to vary the Plan fees and charges or impose new fees and charges by giving You not less than three months’ prior written notice, or such other period of notice in compliance with the relevant regulatory requirements.
7. Asset Clauses
Metis makes available a number of investment funds and Structured Products and Commodity for your Asset Choices. A list of the investment funds and Structured Products and Commodity currently available is shown in our International Asset Selection and such list is subject to amendment by us from time to time.
The risks relating to your investment decisions and any change in market value of the Plan are borne by You. You are advised to take due and careful consideration of those decisions and obtain the independent advice which you may consider necessary in entering into this Agreement and making decisions under the Plan.
If we provide you with any information that may be relevant to any of the funds and Structured Product and Commodity, such information is given on the basis that we will not be responsible for any loss that you may suffer or incur as a result of or in connection with such information whatsoever.
You may have unlimited Asset Choices for your Plan and may also make partial asset switching. However, the amount to be allocated on each Contribution in relation to each Asset Choice within a Plan must be equal to or more than the minimum limit required by the Plan Currency concerned and such minimum limit for different Plan Currencies is shown in the following table:
Table: 7 Minimum Contribution for each Asset Choice Required for different Plan Currencies
Currency Frequency | USD/EUR/ AUD | CNY | HKD | JPY | |
Regular Contribution | Monthly | 50 | 350 | 400 | 5,000 |
Quarterly | 150 | 1,050 | 1,200 | 15,000 | |
Half-Yearly | 300 | 2,100 | 2,400 | 30,000 | |
Yearly | 600 | 4,200 | 4,800 | 60,000 | |
Single Contribution | 1,000 | 7,000 | 8,000 | 100,000 | |
If any Asset is valued in a currency other than the Plan Currency, its value will be converted into the Plan Currency at a rate determined by Metis, in accordance with those commercially available in the market.
7.1 Underlying Assets
Each of your Asset Choices has a corresponding Underlying Asset. Whilst we may provide information relating to the investment object, dealing day, intended investment and investment restrictions, duties and charges, we will not be responsible for any investment performance.
Metis will purchase, hold or sell, or do so through a nominee, Units in your Plan Account as trustee for and on your behalf in compliance with your Asset Choice and it is agreed that Metis is acting as principal in this regard. You understand that the Units will be registered in the name of Metis or a nominee designated by Xxxxx. For the purpose of valuation of this Plan, the allocation of Units of an Asset to reflect the Asset Choices of this Plan is notional.
The return on your Asset Choice may be lower than the return on the Underlying Assets due to charges in respect of the Plan. Your individual Notional Unit holding can be separately identifiable under your Plan record on Metis administration system. You can at any time request a valuation of these Notional Units, which will be based on the latest available Unit Price provided by the manager of the Underlying Fund or the Issuer of the Structured Products or the Dealer of the Commodity.
7.2 Units
Notwithstanding any other provision of this Agreement, we shall not be held responsible for any delay or failure to purchase or dispose of any Units for the Plan if the failure or delay is due to or caused by events or circumstances beyond our control including, without limit, public holidays in the places in which our Custodian Bank or any of the Funds or their fund managers or the Issuers of the Structured Products or the Dealers of the Commodity are based.
A transaction request received by Xxxxx at or before the cut-off time on a business day will be processed according to the Unit Prices of the Underlying Assets and Exchange Rates prevailing on the next appropriate Valuation Date following the date Metis accepts the request (T+1). Any transaction request received after the cut-off time on any day will be processed as if the transaction request was received by Metis on the next business day. We have the right to change the cut-off time at any time at our discretion.
7.2.1 Allocation of Units
The allocation of Initial Units and Accumulation Units to the Initial Account and Accumulation Account respectively in respect of Regular Contributions and Additional Contributions will be made in accordance with the terms and conditions herein. Except otherwise provided herein, any applicable charges arising from or in respect of the Plan will be paid from the Regular Contributions or Additional Contributions before allocation of the Units. The number of Units to be cancelled will be calculated at the Offer Price of the Underlying Asset at the next appropriate Valuation Day or by using the prices available to Metis and such Units will be allocated in accordance with your latest Asset Choices selection.
7.2.2 Cancellation of Units
The charges and amounts payable under this Plan are paid by cancelling Units to be allocated equal in value to the charges that are required to be paid under this Plan. Units will be cancelled from the Underlying Asset of Asset Choices you have selected in proportion to the total bid value of the Units allocated.
7.3 Asset Switch
While this Plan is in effect, you may apply to switch Units from any Underlying Asset on the Plan Account to another Underlying Asset listed in the International Asset Selection. You may only be permitted to switch out but not in Structured Products subject to the dealing rules of each series of Structured Products. Please refer to the dealing guidelines for Structured Products notified to You by Xxxxx from time to time. You may only be permitted to switch Commodity subject to the rules of the Dealers of the Commodity. Please refer to the dealing guidelines for Commodity notified to You by Xxxxx from time to time. You may make any number of switches provided that the amount to be allocated on each Contribution in relation to each Asset Choice within a Plan must be equal to or more than the minimum limit as shown in Table 7 above and following Clauses:
(a) We only accept for whole number of percentage for each switching instruction. In this event, the same proportion of both Initial Units and Accumulation Units will be cancelled.
(b) Following a switch, future Contributions will continue to be allocated corresponding to your original Asset Choices unless otherwise instructed.
(c) In the event that the Account Units representing one Asset Choice are switched to Units representing another Asset Choice, the relevant charge due to be paid by the old Units are paid by the newly created Units instead.
(d) If the Units to be sold are denominated in a different currency to the Units to be purchased, We will convert the sale proceeds into the currency of the Asset in which Units are to be purchased at the Exchange Rates prevailing at the time of conversion before purchasing the relevant Units.
(e) The Asset Choice switching will also be subject to any other administrative rules determined by Metis from time to time.
(f) We may, upon giving You not less than three months’ notice or such shorter period of notice, impose a charge for Asset Switches and/or limit the number of Asset Switches. However, we will not impose this fee in the event of an involuntary Asset Switch where we close a relevant Fund or terminate or cease to subscribe for a Structured Product or cease to own a Commodity.
7.4 Holding Account
Metis maintains a Holding Account to hold monies temporarily where it is not possible to invest new Contributions and switch proceeds immediately into the target Asset Choice, due to dealing frequency or time lag between Asset switching. We will use reasonable endeavors to allocate the relevant Units to the Initial Account or Accumulation Account as soon as possible. The Holding Account is under custody by our custodian Bank.
7.5 Excess Cash Account
Metis maintains an Excess Cash Account to hold the excess contributions paid by the Plan Owner (or the payer of the contribution nominated by the Plan Owner) during the Contribution Payment Term. The excess contributions in the Excess Cash Account can only be withdrawn by the Plan Owner on the termination of the Plan. No interest will be credited in the Excess Cash Account.
7.6 Redirection of Future Contribution
Future Contributions can be redirected to another Asset Choices, without the need to switch existing holdings.
(a) You may notify us at any time to redirect your future contribution to a new Asset Choices provided that the Minimum Value (Table 7 above) per Underlying Asset is met in respect of the new Asset Choices.
(b) To apply for the redirection, you must use our appropriate form or login online Redirection function via us (you would need to apply such online service in advance) website, each redirection instruction for Asset Choice must be 100% for total Asset Choice allocation, and we only accept for whole number of percentage for each asset allocation. The redirection will take effect at the date when we allocate the next Contribution.
7.7 Dividend
In the event that a dividend is paid out of an Asset, we may calculate the amount which you are entitled to and distribute the dividend to you in a way at our absolute discretion. Subject to the immediately preceding sentence, the dividend will normally be applied to the relevant Asset Choices within one month of declaration of the dividend amount.
However, if this Plan is terminated between the dividend declaration and payment dates, only dividends payments of more than USD100/EUR100/ AUD100/CNY700/HKD800/JPY10,000 will be paid to you.
7.8 Temporary Suspension of determination of unit price
Metis may at its sole discretion to suspend the purchase, sale or valuation of the Units under the following circumstances:
(a) when dealings in any Underlying Assets have been suspended;
(b) when any of the recognized stock exchanges or markets on which the Unit Prices are quoted is closed (other than during the normal closing hours or days) or has restricted dealings;
(c) when the Fund Manager managing any Fund or the Issuer of a Structured Product or the Dealer of Commodity is unable to repatriate money, or considers that any transfer of money for purposes of completing the purchase or sale of Units under the Plan is not possible at normal exchange rates;
(d) the remittance or repatriation of proceeds which will or may be involved in the realization of any investment or assets, or the cancellation of Units is delayed or cannot, in the opinion of Xxxxx, be carried out promptly at normal rates of exchange.
(e) when an instruction to purchase or sell is not given according to the terms of the Plan; and/or
(f) any other circumstances under which calculation of fair and accurate Unit Prices is not possible.
7.9 Asset Closure/Merge/Division
(a) We may at any time close or cease to offer an Asset or cease to effect the allocation of Units to any Assets or any Asset switch to any Asset, for example, if:
(i) the Asset ceases to be quoted on a recognized stock exchange or market or otherwise becomes closed to further investments; and/or
(ii) the Asset is closed, merged or divided by Underlying Fund Manager or Issuer or Dealer in his discretion due to any change in circumstances, laws, regulations, government policies, currency or capital controls, political developments, restrictions in foreign investments, or that the investment plan or objective of the Asset is hard to approach or the fund size lower than the minimum required as shown in the prospectus; or
(iii) Metis’s investment in any of the Asset falls below a level to make administration of such Asset economical. Before we take any action as permitted by Clause 7.9(a), we will give you not less than one months’ prior written notice or such other shorter period of notice (if we do not consider that it is practical to give one month notice). In such event, we may transfer all Units in an Asset to another Asset having the same or similar investment objectives (if possible) at our absolute discretion.
(b) Where an Asset is, or is to be, closed, merged or divided, we will notify you as soon as practicable by a notice in writing by post or relevant means chosen by you (“Closure Notice”). If the Units are redeemed before or upon we sending you the Closure Notice, the proceeds will be kept in the Holding Account. Upon receipt of the Closure Notice, you may provide written instruction to us within the period stated in the Closure Notice and on receiving such timely
instruction from you, we will utilize the proceeds from redemption to purchase Units in other Assets in accordance with your written instructions.
(c) If you do not instruct us within the period stated in the Closure Notice, we may purchase Units in one or more alternative Assets which we will select on your behalf as specified in the notice. If the purchase of Units in one or more alternative Assets is not possible or is, in our opinion, to your disadvantage, we will keep the proceeds from redemption in the Holding Account.
(d) The purchase and sale of Units under will be based on the Unit Price of the respective Assets.
(e) If your existing instruction for the allocation of Asset Choices includes any allocation to an Asset which we have closed or shall close, when you make any Additional Regular Contribution or Single Contribution, you must change your instruction to exclude such an Asset; otherwise, we will allocate your Asset Choices to such other Assets as we consider, in our absolute discretion, appropriate.
(f) If any Asset under this Plan is, or is to be, closed, merged or divided or terminated, you may request an Asset Switch from that Asset to another Asset. If we do not receive such a request before the expiry of the Closure Notice in respect of that Asset, we may make an Asset Switch to such other Asset as we consider, in our absolute discretion, appropriate as if we had received your request to do so and any such Asset Switch shall be final but we shall not be obliged to make any such Asset Switch.
8. FATCA
Under the U.S. Foreign Account Tax Compliance Act, or FATCA, all non-United States entities in a broadly defined class of financial institutions (FIs), are required to comply with an expansive documentation and reporting regime, or, beginning from July 1, 2014, be subject to a 30% United States withholding tax on certain U.S. payments constituting "withholdable payments" (beginning in 2017, a 30% withholding tax applies to gross proceeds from the sale of assets which could produce withholdable payments and foreign passthru payments). Certain passive non-U.S. entities which are not FIs are required to either certify they have no substantial U.S. beneficial ownership or report certain information with respect to their substantial U.S. beneficial ownership, or, beginning from July 1, 2014, become subject to the same 30% U.S. withholding tax as described above. The reporting obligations imposed under FATCA generally require FIs to obtain and disclose information about certain Customers to the United States Internal Revenue Service (IRS).
The impact of FATCA on FIs in a specific country may be modified by an intergovernmental agreement (IGA) between the United States and that country. The United States has entered into an IGA with Hong Kong (Hong Kong IGA).
A Hong Kong IGA should apply to Metis as it is resident in Hong Kong. Under the Hong Kong IGA, we are obligated to apply prescribed due diligence procedures, and report “U.S. Accounts” and account information with respect to “Nonparticipating Foreign Financial Institutions (“non-participating FFI”)” to the IRS.
You may be requested to provide a self-certification or other documentation to Metis in order to establish your tax residence. Furthermore, if there is any change in circumstances that would affect your tax residence statuses or there is reason for us to know that the self-certification is incorrect or unreliable, a new self-certification and/or additional documentation may be required from you.
In order to comply with FATCA and in accordance with any local or foreign law, legislation or regulation and/or to satisfy Metis’s Reporting Obligations, Metis may gather, store, use, process, disclose and report to any such Tax Authority any Personal Information that provides to us.
Metis reserves the right to request and you have the obligation to provide to us additional documentary evidence to validate the U.S. or non-U.S. status for FATCA purposes by us during the course of relationship.
If you fail to provide Metis with any of the necessary information or to take action as is specified by us in the Application Form or related documents provided by Metis within the time period specified, we shall be entitled to reach whatever conclusions we consider to be appropriate and we reserve the right to terminate the your Plan or classify the Plan as "non-consenting" or "non-participating FFI" or execute withholding and reporting under FATCA regulations.
It is agreed and appropriate for Metis or our subsidiaries/affiliates to collect any information related to the application and processing of this Plan. It is further agreed to the sharing of the above information, together with any other information collected by us in respect of this Plan, with its subsidiaries/affiliates and also with the relevant government/tax authorities, based on the relevant tax requirements and subject to all applicable laws and regulations. The above process together with the related data processes may involve a transfer of information outside the Hong Kong Special Administrative Region and may also involve the transfer of data through intermediaries, service providers, counterparties or government bodies/ authorities. If a payee or any third party information is involved in any of the transfer, you have to obtain all necessary consent from all such relevant parties in providing the above.
9. Other Provisions
Metis shall not be liable for losses of any kind which may be incurred by you as a result of or in respect of the provision of this Plan by Metis in accordance your instructions or this Agreement unless due to the negligence or willful default of Metis or any other person appointed or employed by it.
You shall indemnify Metis and any person appointed or employed by it against all claims, liabilities, damages, losses, costs and expenses of any kind which may be incurred by any of them and all actions or proceedings which may be brought by or against any of them in connection with the provision of this Plan and/ or as a result of any default by you in the performance of this Agreement unless due to the negligence or willful default of Metis or any other person appointed or employed by it; and this indemnity shall continue despite the termination of this Agreement. Any information provided by Xxxxx should not be construed as an offering or solicitation to sell in any jurisdiction to any person to whom it is
unlawful to make such an invitation or solicitation in such jurisdiction. Neither this Plan nor any information contained herein has been reviewed, approved by or registered with any regulatory authority in any jurisdiction.
You understand that Xxxxx does not operate in Hong Kong although documents may be sent to its Registered Office.
Eligibility for the participation in this Plan is subject to final determination and acceptance by us.
Materials on these pages are not intended for use by persons in jurisdictions which restrict the distribution of these materials. Persons accessing these pages are required to inform themselves about and observe any relevant restrictions. By entering into the Plan, you are representing and warranting that you are not resident in Hong Kong and the applicable laws and regulations of your jurisdiction allow you to access the information and take part in the Plan.
Investment involves risk and the offering documents of the Funds should be read for further details. The price of units or shares and the income from them may go down as well as up and any past performance figures shown are not indicative of future performance.
Any information provided by Xxxxx is not intended to provide professional advice and should not be relied upon in that regard. Persons accessing these pages are advised to obtain appropriate professional advice where necessary. We make no representation and accept no responsibility as to its accuracy or completeness and shall not be held liable for damages arising out of any person's reliance upon any information provided by us.
Any prices quoted are for reference only and are subject to change without notice.
Investment decision is yours. If you are not sure of the suitability and the investment objectives of the Plan, you should not subscribe to it.
Some of the Assets may involve derivatives. Do not invest in them unless you fully understand and are willing to assume the risks associated with them.
In the worst case scenario, the value of the Assets may be worth substantially less than the original amount you invested (and in an extreme case could be worth nothing).
= End of Plan Terms and Conditions =