Contract
興證國際證券有限公司
非交易所投資產品條款細則
x非交易所投資產品條款細則是由下列人士訂立:
(1) 興證國際證券有限公司 (China Industrial Securities International Brokerage Limited),是一間獲證券及期貨事務監察委員會發牌,可從事證券及期貨條例(香港法例第 571 章)下的第 1 類(證券交易)及第 4 類(就證券提供意見)受規管活動的持牌法團 (CE 編號:AYE823),其註冊辦事處位於“香港上環德輔道中 199 號無限極廣場 32樓全層”(「興證國際」);及
(2) 下述簽署人,其詳情載於客戶資料書(「客戶」)。鑑於
1. 客戶已於興證國際開立帳戶或保證金戶口(視情況而定),以根據證券客戶協議書的條款及條件進行交易;
2. 客戶擬於興證國際開立投資帳戶,以進行(a)承購交易及/或(b)證券交易及認購交易,並買賣及持有承購證券及/或已認購證券;
3. 興證國際同意根據本協議書的條款及條件,開立及設置投資帳戶,以及(a)作為主事人,與客戶達成承購交易;及/或(b)作為客戶的代理人,執行證券交易及認購交易的指令,並向客戶提供存放及安全託管承購證券及/或已認購證券的設施;
4. 興證國際同意在收到客戶的申請指示後,在確認書中述明興證國際會作為(a)作為主事人,與客戶達成承購交易;及/或(b)作為客戶的代理人,執行證券交易及認購交易的指令;及
5. 客戶同意僅根據本協議書的條款及條件操作投資帳戶。現謹此同意以下各項:
1. 定 義 及 譯 義
1.1 本協議書的條款及條件是附加於及補充證券客戶協議書的條款及條件。除本協議書另行重新界定或文義另有規定者外,否則證券客戶協議書所界定的詞彙(如適用),與本協議書所用者具相同涵義。
1.2 於本協議書中,除文義另有規定外,以下詞彙具以下涵義:
「協議書」指本補充客戶協議書、附件、附錄、印鑑卡,以及客戶就此已完成或簽立及將完成及簽立的所有其他文件(可不時予以修訂或補充);
「申請指示」指:
(a) 就由興證國際作為主事人,與客戶達成的承購交易而言,以興證國際不時規定的格式,當中列明任何承購交易的條款,以供客戶簽署、要約及呈交
(不論該申請指示是否隨附於產品介紹資料)的要約、申請書或文件(不論書面、口頭或其他形式)(不管其名稱為何);
(b) 當興證國際同意作為客戶的代理人,執行證券交易及認購交易的指令時,以興證國際不時規定的格式,當中列明任何認購交易及證券交易的條款,以供客戶簽署並呈交的申請指示或文件(不論書面、口頭或其他形式) (不管其名稱為何);
「確認書」指:
(a) 就由承購交易而言,興證國際就確認興證國際接納客戶的要約承購或申請書所列載的承購證券而發出的函件、通知書或確認書;或
(b) 就任何證券交易而言,興證國際就確認認購交易及成功代表客戶根據申請指示及本協議書認購任何已認購證券而發出的函件、通知書或確認書;
「組成文件」指就基礎承購交易或證券交易(視乎情況而定)而言,有關發行機構或交易商發行的任何招股章程、組織章程大綱及章程細則、運作大綱、信託契據、信託聲明書、有限責任合夥協議、計劃文件、組成文件、規限計劃的成立的主要文件、方案文件、通函、銷售通函、銷售文件或產品說明以及上述各項的任何補充文件或備忘錄;
「交易商」指涉及證券發行、分配、認購、分銷、或配售的任何公司、法團或金融機構,包括但不限於配售經理或代理人、安排商、經紀商、交易商、分銷商、保證機構和保管機構;
「基礎承購交易」指興證國際就承購、投資於、認購、交換或以其他方式處理承購證券而與發行機構或交易商達成的任何協議或交易;
「產品介紹資料」指興證國際就有關承購證券向客戶撰寫、編制、編輯、提供或發行的任何條款說明書、資料簡介書、產品介紹文件、市場推廣或分銷文件、備忘錄、文件、資料或信件;
「權益」指與承購證券及/或已認購證券(視乎情況而定)有關的或承購證券及/或已認購證券(視乎情況而定)所附帶的或附有的全部股息、分派、付款、利息、息票、收入、權益、收益或利益;
「投資帳戶」指客戶在興證國際開立及持有的帳戶,以處理、交易及持有(在連同其他事宜的情況下)(a) 承購交易及承購證券及/或(b)證券交易、認購交易及已認購證券(視乎情況而定),及其他事宜;
「投資存款」指任何投資、掛鈎或結構性存款,而其本金、利息、紅利、款項、溢利、回報、分派或其他金額之付款或還款將全部或部分、直接或間接參照單一或一籃子股票、證券、指數、貨品、商品、貨幣滙率、利率、指定實體之信貸或任何其他主題、事項或事情(由興證國際決定),按有關條款和條件列明之條款及條件計算、釐定或確定;
「發行機構」指興證國際就基礎承購交易及/或證券交易(視乎情況而定)而批核的任何銀行、金融機構、接受存款人、基金法團、受託人、有限責任合夥、普通合夥人、政府機關、法定機構、證券的或與證券有關的發行機構或授予人;
「有關債務」指客戶對興證國際、其代名人、附屬公司或其他相關聯公司就投資帳戶、結算帳戶及本協議書(為免生疑問,包括附錄(如適用))不論實際或或然、現在或將來、應付、欠負或引致的一切款項、債務及責任,或客戶可能於任何帳戶或以任何方式或任何貨幣(不論單獨或與任何其他人士共同,及以任何名稱、稱號或商號)可能或須以其他方式向興證國際負上的責任,連同由催繳當日起至付款當日的利息,及興證國際、其代名人、附屬公司或其他相關聯公司就追討或企圖追討該等款項、債務及責任而招致的法律費用及其他一切費用、收費及開支;
「市場」指香港境內外為證券交易提供一個市場的任何股票或其他交易所、負責的交易商協會或法團;
「承購款項」具有第 2.2 條所界定的涵義;
「承購金額」指承購或認購金額的全數,相當於客戶在申請指示已要約承購或認購有關承購證券;
「承購證券」指客戶在承購交易下及根據本協議書下所承購或認購的證券(包括繼後證券);
「承購交易」指作為賣家的興證國際與作為買家的客戶受制於及根據申請指示和本協議書向興證國際承購或認購承購證券而與興證國際達成的任何協議或交易;
「證券」指任何屬法團或不屬法團的團體或任何政府機關的,或由彼等發行的,現時於市場上買賣並且獲興證國際接納的任何股份、股額、債權證、債權股額、債券、票據、信託基金、互惠基金、基金、有限責任合夥權益、存款證、投資存款或其他商業票據或證券,按興證國際絕對酌情權可包括以下各項:(a)上文任何一項中或有關上文任何一項的權利、期權或權益(不論是以單位描述或以其他形式描述); (b)有關上文任何一項的權益證明書或參與證明書、臨時或中期證明書、收據或認
購或購買上文任何一項的權證;或(c)證券及期貨條例所定義的證券;
「證券客戶協議書」指證券現金客戶協議書或證券保證金客戶協議書(視情況而定);
「證券現金客戶協議書」指客戶與興證國際訂立的協議書,由印鑑卡、現金客戶協議書及附錄所組成。據此,客戶已同意以客戶名義,在興證國際開立及持有帳戶,根據及受限於有關條款及條件,進行證券現金交易;
「證券保證金客戶協議書」指客戶與興證國際訂立的協議書,由印鑑卡、保證金客戶協議書及附錄所組成。據此,客戶已同意以客戶名義,在興證國際開立及持有保證金戶口,根據及受限於有關條款及條件,進行證券保證金交易;
「證券交易」指興證國際就根據申請指示、認購交易和本協議書代表客戶購買、收購、投資於、認購、出售、兌換或以其他方式處置任何證券及對任何和所有種類的證券作出一般買賣而與發行機構或交易商達成的任何協議、認購、收購、購買或交易;
「結算帳戶」指由客戶指定就處理、清繳及結算有關承購交易及/或認購交易(視乎情況而定)及承購證券及/或已認購證券(視乎情況而定)之交易的金錢交易及其他的有關交易而於興證國際開設及持有的銀行帳戶;
「認購款項」具有第 5.2 條所界定的涵義;
「認購金額」指認購金額的全數,相當於客戶在申請指示中已同意認購的有關已認購證券或其任何部分的總價格;
「已認購證券」指興證國際在一證券交易下和根據本協議書所購買、收購或認購的,且由發行機構根據該證券交易所發行及配發的證券(包括繼後證券);
「認購交易」指具有第 5.4 條所界定的涵義;
「繼後證券」指與已認購證券有關的或歸屬於承購交易及/或已認購證券(視乎情況而定)的替代、取代、轉換、合併股份、股票或證券,或指從承購證券及/或已認購證券(視乎情況而定)衍生或產生的任何新發行或進一步發行之股份、股票或證券;及
「條款和條件」,就任何已認購證券而言,指該已認購證券及與其有關之證券交易的合約細則、組成文件、方案文件、通函、證券文書、認購合約或文件證書或正式證券的條款和條件。
1.3 於本協議書,凡文意允許,「興證國際」及「客戶」包括彼等各自的遺產代理人、繼承人及認許受讓人。
1.4 凡需要對本協議書及證券客戶協議書的任何條文作出正確解釋或詮釋:-
(a) 證券客戶協議書內有關「交易」的所有提述,均詮釋為包括「基礎承購交易」、「承購交易」、「證券交易」及/或「認購交易」;及
(b) 有關「帳戶」或「保證金戶口」的所有提述,均詮釋為包括「投資帳戶」。
第一部份:適用於承購交易的條款和條件
此第一部份在興證國際作為主事人,與客戶達成的承購交易時適用。
2 買 賣 證 券
2.1 客戶應以簽署、執行和遞交給興證國際申請指示的方式作出要約、指示或申請承購或認購證券。興證國際有權完全依賴於任何遞交給興證國際的,且從表面上看內容已填寫完整和合乎規格的申請指示。為免生疑問,客戶每提交申請指示即構成:-
(a) 一份客戶向興證國際發出的不可撤銷及無條件之要約(不可在沒有興證國際的書面同意下撤銷或終止)爲承購或認購根據申請指示所述及其條款和條件所限的有關承購證券;
(b) 一份客戶向興證國際發出的不可撤銷及無條件之要約(不可在沒有興證國際的書面同意下撤銷或終止)訂立承購交易並受其條款和條件限制。
2.2 客戶應在交付或遞交申請指示的同時向興證國際支付承購款項 (「承購款項」),即承購金額的總額連同所有相關的稅項或徵稅和興證國際就此收取的佣金和/或收費或其他費用。客戶謹此授權興證國際於送達及遞交承購通知書給興證國際後,自其結算賬戶(如有的話)扣取承購款項及所有興證國際認為有需要的該等其他款額。如客戶沒有向興證國際全數支付承購款項,興證國際在不影響興證國際的任何其他權利、權力和酌情權下,有權拒絕申請指示。
2.3 收到申請指示後,若興證國際未能訂立某一特定承購交易,興證國際應合理可行地盡快通知客戶,不論該通知是以口頭或書面方式做出。客戶確認,興證國際按任何已遞交的申請指示行事將會產生費用和開支。客戶同意,所有申請指示一經遞交,即為不可撤銷的,並且有關承購款項一經存於或以其他方式支付予興證國際或興證國際不時指定的收款代理後,即不可提取或還付,除非及直至興證國際已通知客戶興證國際將不會爲客戶訂立該項承購交易或申請指示所規定的或預期進行的基礎承購交易未能訂立或完成。
2.4 在興證國際不論以口頭或書面方式不時向客戶確認接納客戶要約承購或認購申請指示所述的承購證券,興證國際和客戶被視為已訂立一項不可推翻的承購交易。
2.5 客戶同意、接受和確認,就興證國際與客戶不時訂立的每項承購交易而言,有關承購應在以下規定和以下優先次序的基礎上訂立並受其限制,並且客戶應受以下規定和次序的約束:
(a) 申請指示所包含的條款和條件;
(b) 本協議書的條款和條件;
(c) 與認購該承購交易相關之基礎承購交易的條款和條件;
(d) 條款和條件;
(e) 有關司法管轄地區政府、法定和監管部門和機構的所有適用法律、規則和法規;及
(f) 認購承購交易和基礎承購交易發生和進行所在市場的慣例。
2.6 興證國際有唯一及絕對的酌情權決定是否向客戶實物遞交承購證券。客戶同意和接受,由興證國際簽發一份確認書以代替實物遞交承購證券,是客戶成功承購或認購承購證券的充分和令人滿意的證明。
2.7 客戶同意,客戶須審查和驗證有關確認書,並將在確認書發出之日後七日內通知興證國際任何差錯、遺漏、不一致之處或未授權之交易。若客戶未能如前述採取行動,則客戶將無權對確認書上的交易或紀錄提出異議;客戶接受,確認書為最終及不可推翻的,並為一切之目的對客戶具有約束力。
第二部份:適用於證券交易及認購交易的條款和條件
此第二部份在興證國際同意作為客戶的代理人,執行證券交易及認購交易的指令時適用。
3 委任代理人及代理人的職責範圍
3.1 客戶特此委任興證國際作為客戶的代理人,而興證國際同意作為客戶的代理人以執行以下工作:-
(a) 執行並訂立證券交易;
(b) 作為已認購證券的託管人和管理人;
(c) 進行和履行該等行為和執行該等權力、權利、酌情權,猶如興證國際是已認購證券的登記持有人和實益擁有人一樣;及
(d) 進行和履行有關於或附帶於上述全部或任何事項的行為、職責和義務。
3.2 本協議書所載任何事宜,概不會構成興證國際成為客戶的託管人或興證國際與客
戶之間的合夥關係。
3.3 客戶特此不可撤銷地授權興證國際,在毋須事先通知客戶或事先得到客戶同意前,興證國際可按其認為合適的方式行使已認購證券所附的或關於已認購證券的投票權及所有其他權利和權力(如有)。
3.4 興證國際概不保證可以成功認購或收購已認購證券或任何證券交易得以完成。倘若基於任何原因引致錯失機會,令客戶蒙受任何損失、費用或賠償,興證國際一概毋須負上責任,除非是直接及純粹由興證國際之疏忽或故意的不當行為所引致。
4 非 獨 家 代 理
4.1 客戶承認並接受,興證國際可不時自由地向或爲興證國際的任何其他客戶提供和訂立本協議書擬進行的類似的服務和交易,而毋須給予客戶通知。
4.2 客戶進一步同意並接受,興證國際在與發行機構或交易商進行同一單證券交易中,可同時代表客戶和興證國際的其他客戶。
4.3 在任何單一證券交易和已認購證券下,客戶和興證國際的任何其他客戶的利益、權利、權益、所有權、義務和責任均為各別的。當有興證國際的其他客戶參與某一證券交易及已認購證券時,客戶在該證券交易及已認購證券下的利益、權利、權益、所有權、義務及法律責任,均受客戶的申請指示規管。
5 申請及認購交易
5.1 客戶應以簽署申請指示的方式認購或收購證券。興證國際有權完全依賴任何遞交給興證國際的、且從表面上看內容已填寫完整和合乎規格的申請指示。客戶每提交申請指示即構成:-
(a) 於申請指示提述,客戶爲認購、購買或收購有關已認購證券或其任何部分而作出的不可撤銷及無條件之要約;
(b) 客戶向興證國際發出訂立認購交易的不可撤銷及無條件之要約;及
(c) 要求興證國際根據申請指示所擬或所規定訂立證券交易的不可撤銷及無條件之指示。
5.2 客戶應在遞交申請指示的同時向興證國際支付認購款項(「認購款項」),即認購金額的總額連同所有適用的稅項或徵稅及興證國際、交易商及發行機構收取或要求的佣金及/或收費或其他費用。
5.3 收到申請指示後,若興證國際未能訂立某一特定認購交易,興證國際應合理可行
地盡快通知客戶。客戶確認興證國際按任何已遞交的申請指示行事將會產生費用和開支,並且同意所有申請指示一經遞交,即為不可撤銷的,以及有關認購款項一經存於或以其他方式支付予興證國際或興證國際不時指定的收款代理後,即不可提取,除非及直至興證國際已通知客戶興證國際將不會爲客戶訂立該項特定認購交易,或未能訂立或完成申請指示所擬進行的或依據其所進行的證券交易。
5.4 在興證國際不時向客戶確認已依據有關證券交易成功購得已認購證券後,興證國際和客戶將訂立一項不可推翻的認購交易(「認購交易」)。
5.5 客戶同意、接受和確認,每項認購交易應在以下規定和以下優先次序的基礎上並在其規限下訂立:-
(a) 申請指示所包含的條款及條件;
(b) 本協議書的條款及條件;
(c) 與認購交易相關之證券交易的條款及條件;
(d) 條款和條件;
(e) 有關可於或透過其作交易、執行、結算及清繳認購交易、證券交易或任何涉及證券或已認購證券之交易的市場或結算系統所有適用的規則、附例、法規;
(f) 有關司法管轄地區政府、法定和監管部門之機構的所有適用法律、規則和法規;及
(g) 完成和進行認購交易和證券交易所在的市場之慣例。
5.6 若某一認購交易項下的認購僅構成與該認購交易有關之證券交易項下的認購的一部分和構成有關已認購證券的一部分,則客戶在已認購證券項下之權利、利益、所有權、權益、享有權、義務和責任應與(i)申請指示中所示客戶認購的本金額與(ii)已認購證券的本金額之間的比率相稱。
5.7 興證國際有唯一及絕對的酌情權決定是否向客戶實物交付已認購證券。客戶同意和接受,由興證國際簽發一份確認書以代替實物交付已認購證券是客戶成功認購得已認購證券的充分和令人滿意的證明。
5.8 客戶同意,客戶須審查和核實有關確認書,並將在確認書之日期後七日內通知興證國際任何錯誤、遺漏、不一致之處或未經授權的交易。若客戶未能如前述採取行動,則客戶將無權對確認書上的任何交易或紀錄提出異議,客戶並且接受,確認書為最終及不可推翻的,並於各方面而言對客戶具有約束力。
6 執 行
6.1 客戶特此不可撤銷地授權興證國際(但興證國際並不因此受約束),興證國際可真誠地行使其獨立酌情權爲客戶或代表客戶,以興證國際決定的方式行使條款和條
件項下和/或與認購證券或權益有關的權利、補救、權力和酌情權,並可給予同意或批淮和/或採取或執行行動、行為、法律程序、訴訟或申訴,而毋須事先通知客戶或徵得客戶的同意。
7 興證國際的重大利益
7.1 即使興證國際、其代名人、附屬公司或相關聯公司可能擁有就證券交易、已認購證券或關於已認購證券的交易而言屬重大的利益、關係或安排,但客戶同意,興證國際可進行證券交易或代表客戶進行交易。
7.2 客戶同意並授權興證國際替客戶接受任何從事證券購買或沽售或其他交易的證券經紀及交易商的所有物品及服務。就以上之目的而言,該等物品及服務可包括:研究及顧問服務;經濟及政治分析;投資組合分析(包括估值及衡量業績表現的分析);市場分析;數據及報價服務;與上述的物品及服務有關的電腦硬件及軟件;結算及代保服務,以及與投資有關的刊物。
7.3 若興證國際不存在欺詐或故意的不當行為,就第 7 條所述有關任何證券交易、已認購證券或交易而由興證國際、其任何代名人、附屬公司或相關聯公司接受、獲得或收取的任何回佣、補貼、佣金、非金錢利益、折扣、報酬、利益、薪酬、權益或物品及服務而針對興證國際、其任何代名人、附屬公司或相關聯公司的申索,興證國際一概毋須向客戶負責或向客戶交待任何該等回佣、補貼、佣金、非金錢利益、折扣、報酬、利益、薪酬、權益或物品及服務。
7.4 客戶同意並接受認購或購買金額的全數(相當於證券交易中所提及之有關證券或其任何部分的總價格)(「證券款項」)與認購款項不同或少於認購款項,並同意及接受興證國際從證券款項與認購款項的差價中賺取、取得、作出及收取利潤、利益、溢價及收入。
第三部份:其他條款和條件
此第三部份在(a)興證國際作為主事人,與客戶達成承購交易;及/或(b)作為客戶的代理人,及/或(b)興證國際同意作為客戶的代理人,執行證券交易及認購交易的指令時適用。
8 投 資 帳 戶
8.1 客戶應在興證國際要求時,在興證國際開立一個或多個投資帳戶,以持有承購證券及/或已認購證券(視乎情況而定)和權益及其他事宜。客戶應在興證國際要求時,在興證國際開立一個或多個結算帳戶,其中目的用以處理,清繳及結算有關承購交易及/或認購交易(視乎情況而定)及承購證券及/或已認購證券(視乎情況而定)的
金錢交易,以及其他有關交易。
8.2 客戶同意和接受,有關投資帳戶可能在興證國際的一個總帳戶下,根據興證國際的紀錄以一個子帳戶的形式維持,在該總帳戶中的承購證券及/或已認購證券(視乎情況而定)及從中産生的權益可能與興證國際其他客戶的承購證券及/或已認購證券(視乎情況而定)及權益相混合(但不會與興證國際自營帳戶中的現金或證券混合),在此情況下,客戶應與其他客戶共同有權享有彼等各自按比例計算的承購證券及/或已認購證券(視乎情況而定)的份數。
9 託管人及管理人
9.1 客戶特此委任興證國際與及興證國際同意代表客戶出任所有承購證券及/或已認 購證券(視乎情況而定)和權益的託管人及管理人,執行以下(但不限於以下)的事項:
-
(a) 以興證國際、客戶、興證國際的代名人或代理人的名義登記承購證券及/或已認購證券(視乎情況而定);
(b) 管理、處置及持有承購證券及/或已認購證券(視乎情況而定);
(c) 收取可歸屬於承購證券及/或已認購證券(視乎情況而定)及/或由交易商及/或發行機構支付的本金和權益;
(d) 出任或作出作為承購證券及/或已認購證券(視乎情況而定)的託管人和管理人所能不時作出的作為;
(e) 收取、處置、持有、處理、清繳及結算有關於根據本協議書進行的交易或買賣的客戶款項;及
(f) 進行和履行有關於或附帶於上述全部或任何事項的行為、事項、事件、職責和義務。
9.2 於購買或認購承購證券及/或已認購證券(視乎情況而定)完成之時,客戶及興證國際將促致承購證券及/或已認購證券(視乎情況而定)轉讓予興證國際或由興證國際持有(就承購證券及/或已認購證券,以作為客戶託管人及管理人的身份)。
9.3 興證國際有權指定其任何代理人、代名人或相關聯公司(「興證國際代理」)作承購證券及/或已認購證券的託管人及/或管理人,或履行興證國際作為承購證券及/或已認購證券的託管人及管理人的任何服務和功能。在此情況下,本協議書中有關託管人及管理人的條文將在必要的變動後適用於該興證國際代理。興證國際作為承購證券及/或已認購證券的託管人及管理人所有的授權、權利、權力和利益將惠及興證國際代理。
9.4 興證國際根據本協議書所持有作代管或保管的任何承購證券及/或已認購證券,可存放於興證國際本身以妥善保管或於一家銀行或另一家提供妥善保管證券及相關
文件的機構的興證國際指定帳戶。
9.5 客戶確認及同意按本協議書經或在結算系統不時收購或持有的承購證券及/或已認購證券(視乎情況而定) (由興證國際不時決定),須受或按照該結算系統不時生效的適用規則、程序及規例所規限。
9.6 在第 9.7 條的規限下,興證國際須於接獲客戶的書面指示後,在合理可行情況下盡快將承購證券及/或已認購證券(視乎情況而定)轉帳或交付至客戶或其代名人。
9.7 興證國際根據第 9.6 條的義務,須受本協議書的其他條文限制及興證國際可要求在客戶作出任何提取前須悉數清償所有有關債務。興證國際可在毋須向客戶發出通知的情況下,在進行根據第 9.6 條的任何轉讓或交付前,以結算帳戶及/或投資帳戶的貸款項下的任何金額清償任何或全部有關債務,或在進行根據第 9.6 條的轉讓或登記前,另行要求客戶支付有關款項。
9.8 興證國際將和客戶承購證券及/或已認購證券(視乎情況而定)有關的所有股息、分派、利息、息票或利益支付入結算帳戶及/或投資帳戶。倘應計股息、分派、利息、息票或其他利益的承購證券及/或已認購證券是興證國際為其客戶所持有的相同證券(較大持有量)之一部分,則客戶有權享有該較大持有量的證券所產生的股息、分派、利息、息票或利益的份數或比例,相等於按客戶持有承購證券及/或已認購證券(視乎情況而定)的持有量佔該等較大持有量的證券總額的份數或比例攤分。興證國際就客戶所持有的證券或權益所決定的份數或比例應為最終及不可推翻的 (除非有明顯數字上的錯誤)。
9.9 倘有關承購證券及/或已認購證券發生任何供股、收購建議、資本化發行、轉換權、 贖回權或認購權的行使、投票權或其他權利,興證國際或其代名人應盡合理的努 力通知客戶有關事宜,以及客戶是否須及何時須就有關事宜作出任何決定及/或 付款。待收到客戶的適時指示作出有關行動(及(如需付款)收到所需已結算款項)後,興證國際或其代名人須安排執行有關行動,以及興證國際或其代名人須將最後所 得的證券或現金(如有)存入投資帳戶及/或結算帳戶。倘若就承購證券及/或已認購 證券須採取任何行動,惟未能聯絡客戶或客戶未能就有關行動給予興證國際或其 x名人準時或充足的指令,客戶謹此授權興證國際或其代名人按興證國際或其代名人的絕對酌情決定認為適當的方式代客戶作出(惟興證國際將或其代名人並無 責任作出)有關行動,包括就客戶為實益擁有人,但以興證國際或興證國際的代名人名義登記的已認購證券行使任何有關承購證券及/或已認購證券的權利。在沒有 欺詐行為或故意失責的情況下,興證國際及其代名人毋須為任何興證國際或其代 名人就此等酌情決定可能或可能遺漏的進一步行動負責。
9.10 客戶謹此就興證國際或其代名人的託管服務授權興證國際或其代名人採取一切所
需行動以遵守適用法例、規則、程序、交易所或結算系統的規例及規則,包括就結算帳戶及/或投資帳戶內的現金或證券預扣及/或支付應付的稅項或印花稅。客戶確認興證國際及其代名人均毋須就興證國際或其代名人於結算帳戶及/或投資帳戶內持有的承購證券及/或已認購證券(視乎情況而定)的任何催交、分期付款或其他款項負責。
9.11 客戶謹此授權興證國際根據本協議書存放、轉帳或支付所有或部分的承購證券及/或已認購證券(視乎情況而定)的本金、權益、出售收益、贖回收益或應付客戶的款項至結算帳戶(如有),或客戶於興證國際開設的各個其他帳戶。
10 聲明及保證
10.1 客戶向興證國際xx、保證和聲明如下:-
(a) 客戶並不是美國人士(根據美國法例下之 1933 年證券法當中之規則 S 所定義),及不會收購或持有由美國人士實益擁有或替美國人士收購或持有承購證券及/或已認購證券(視乎情況而定)或違反任何適用法律;
(b) 客戶已閱讀並完全明白本協議書的所有條款,並且客戶擁有足夠的財務專門知識和財力來遵守該等條款,及客戶與興證國際訂立承購交易及/或認購交易(視乎情況而定)存在商業理由;
10.2 當興證國際作為主事人,與客戶達成承購交易時:-
(a) 客戶向興證國際xx、保證和聲明如下:-
(i) 客戶完全知曉在購買、收購或認購承購證券所涉及的風險;所有將由客戶簽署的申請指示及承購交易將在依據客戶本人的判斷和由客戶自行承擔風險的前提下訂立,不論客戶是否已從興證國際獲得意見。客戶同意,除非興證國際與客戶另訂立關於興證國際向客戶就本協議書或任何承購交易所構成或預期的協議及交易提供意見之書面協議,否則興證國際不會或不會被視為向客戶提供任何意見;
(ii) 客戶明白興證國際是以主事人(指興證國際與客戶之間)的身份出售、分銷、或買賣該承購證券;及
(iii) 客戶是以主事人(而非任何人的代理人、代名人或受託人)的身份承購或認購承購證券。
(b) 客戶答應和承諾興證國際,在沒有興證國際的書面同意下,將不會向任何人出售、分銷、轉讓或出讓任何承購證券和/或客戶於承購證券的權利、所有權、權益和利益和/或將不會訂立或給予以上任何權利任何抵押,亦不會讓以上任何權利和責任能為承購證券出讓、轉讓或抵押。
10.3 當興證國際作為客戶的代理人,執行證券交易及認購交易的指令時:-
(a) 客戶完全知曉在購買、收購或認購已認購證券所涉及的風險;所有將由客
戶簽署的申請指示及證券交易將在依據客戶本人的判斷和由客戶自行承擔風險的前提下訂立,不論客戶是否已從興證國際獲得意見。客戶同意,除非興證國際與客戶另訂立關於興證國際向客戶就本協議書或任何認購交易所構成或預期的協議及交易提供意見之書面協議,否則興證國際不會或不會被視為向客戶提供任何意見;及
(b) 已認購證券及/或證券為客戶的個人投資目的,客戶將不會作出邀約出售、出售、或以別的方式將已認購證券及/或證券,或於彼等內在所含的任何法律或實質權益轉讓予任何其他人士。
10.4 客戶須立即以書面方式通知興證國際及使興證國際知悉有關附錄內的資料、聲明及保證,以及客戶根據本協議或根據本協議或與投資帳戶有關訂立的任何協議所提供、給予或作出的資料、聲明及保證的任何變更。在考慮該等資料、聲明及保證的變更後,興證國際保留權利決定是否根據本協議書接納承購交易及/或認購交易 (視乎情況而定)及/或作為客戶承購證券及/或已認購證券(視乎情況而定)的託管人及管理人。
11 收費及貨幣
11.1 客戶應向興證國際支付申請指示所列興證國際的正常外匯和其他費用、佣金和收費。
11.2 若基礎承購交易、承購交易、認購交易、證券交易及/或由客戶指示的任何證券 認購、收購、或處置須要或涉及貨幣兌換至或由一種貨幣兌換至另一種貨幣,客 戶須承擔全部該貨幣兌換的費用及因為有關之貨幣滙率波動而帶來的溢利或虧損。興證國際可將投資帳戶及/或結算帳戶內的款項按興證國際的獨有酌情權釐定為 當時通行的貨幣市場匯率的匯率轉換至及轉換自任何貨幣。 該轉換可為任何交易 或計算客戶欠負的任何債項餘額或欠負客戶的信貸餘額而進行。
12 彌 償
12.1 客戶同意興證國際將不會為任何客戶可能招致的損失或法律責任負上任何法律責任,除非該損失或法律責任是由興證國際或興證國際的相聯經紀或交易商的欺詐、嚴重疏忽或故意失責引致的。
12.2 對於興證國際在第 6 條項下所招致的所有法律責任、賠償、費用和申索,客戶應向興證國際作出全面彌償。
12.3 對於因買方或任何其他人士就客戶的證券所有權之不妥之處而向興證國際提出的任何申索,客戶須進一步對興證國際作出彌償。
13 雜 項 條 文
13.1 除非本協議書另有規定,否則本協議書項下任何一方給予另一方的通知應以書面方式作出,並寄送至對方的最後所知悉地址、電傳號碼、傳真號碼(視情況而定),並且應視為在下列情況下生效:(i)如採用郵寄方式,則在投寄後的第 2 天(如本地)或投寄後的第 7 天(如國際)視爲生效(如果該通知已填寫適當的地址並已適當地投寄);或(ii)如採用傳真方式,則在傳送之日當發送傳真的機器印出輸送報告指明傳真已按收件人的傳真號碼全部發出之時視爲生效;或(iii)如以專人送遞方式,則在送遞之日視為生效。
13.2 條款和條件的中文版只供參考。中文版與英文版如有任何差異,概以英文版為準。
14 假如興證國際向客戶招攬銷售或建議任何金融產品,該金融產品必須是興證國際經考慮客戶的財政狀況、投資經驗及投資目標後而認為合理地適合客戶的。本協議的其他條文或任何其他興證國際可能要求客戶簽署的文件及興證國際可能要求客戶作出的聲明概不會減損本條款的效力。為達本條文目的﹐ “金融產品”指《證券及期貨條例》所界定的任何證券、期貨合約或槓桿式外匯交易合約。
China Industrial Securities International Brokerage Limited TERMS AND CONDITION - NON EXCHANGE TRADED PRODUCTS
THIS TERMS AND CONDITION-NON EXCHANGE TRADED PRODUCTS IS MADE BETWEEN: -
(1) China Industrial Securities International Brokerage Limited (“CISI”), a corporation licensed with the Securities and Futures Commission to carry on Type 1 (Dealing in Securities) & Type 4 (Advising on Securities) regulated activities under the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) (CE No. AYE823), whose registered office is located at ("32/X, Xxxxxxxxx Xxxxx, 000 Xxx Xxxxx Xxxx Xxxxxxx, Xxxxxx Xxx, Xxxx Xxxx "); and
(2) the undersigned client whose details appear in the Client Information Statement (the "Client").
WHEREAS
1 The Client has opened the Account or the Margin Account (as the case may be) with CISI for the purpose of conducting Transactions upon the terms and conditions of the Securities Client Agreement;
2 The Client is desirous of opening an Investment Account with CISI to conduct (a) Purchase Transaction; and/or (b) Securities Transactions and Subscription Transactions, and to deal in and hold Purchase Securities and/or Subscribed Securities;
3 CISI agrees that it will open and maintain the Investment Account and (a) as principal, enter into Purchase Transactions with the Client; and/or (b) act as the Client’s agent for the execution of orders for Securities Transactions and Subscription Transactions, and for provision to the Client with facilities in respect of the deposit and safe custody of Purchase Securities and/or Subscribed Securities subject to the terms and conditions of this Agreement;
4 XXXX agrees that upon receiving the Application from the Client, it will specify in the Confirmation as to whether it will
(a) as principal, enter into Purchase Transactions with the Client; or (b) act as the Client’s agent for the execution of orders for Securities Transactions and Subscription Transactions; and
5 The Client agrees to operate the Investment Account only in accordance with the terms and conditions of this Agreement.
NOW IT IS HEREBY AGREED as follows:
1 DEFINITIONS AND CONSTRUCTION
1.1 The terms and conditions in this Agreement are additional and supplemental to the terms and conditions in the Securities Client Agreement. Unless redefined herein or the context requires otherwise, all expressions defined in the Securities Client Agreement shall, where applicable, have the same meanings when used herein.
1.2 In this Agreement, unless the context requires otherwise, the following expressions shall have the following meanings:
"Agreement" means this Supplemental Client Agreement, Attachment(s), Appendices, Specimen Signature Card(s) and all other documents completed or executed and to be completed and executed by the Client in relation thereto, as the same may be amended or supplemented from time to time;
"Application" means: -
(a) in relation to Purchase Transactions to be entered into by CISI (as principal) and the Client, the confirmation, offer, application or document (howsoever named), whether in writing, verbal or otherwise, in such form or manner prescribed by CISI from time to time that sets out the terms and conditions of any Purchase Transaction for execution, offering and submission by the Client, whether such Application is attached to the Information Material or not; or
(b) where XXXX agrees to act as the Client’s agent for the execution of orders for Securities Transactions and Subscription Transactions, the confirmation, application or document (howsoever named), whether in writing, verbal or otherwise, in such form or manner prescribed by CISI from time to time that sets out the terms of the Subscription Transaction and Securities Transaction for execution and submission by the Client;
(c) with respect to any Purchase Transaction, the letter, notice, or confirmation issued by CISI confirming CISI's acceptance of the offer of the Client for purchase or subscription of the Purchase Securities as constituted and contained in the Application; or
"Confirmation" means: -
(a) with respect to any Purchase Transaction, the letter, notice, or confirmation issued by CISI confirming CISI's acceptance of the offer of the Client for purchase or subscription of the Purchase Securities as constituted and contained in the Application; or
(b) with respect to any Securities Transaction, the letter, notice, or confirmation issued by CISI confirming the Subscription Transaction and CISI's successful subscription of any Subscribed Securities on behalf of the Client pursuant to an Application and this Agreement;
"Constitutive Document" means, with respect to a Head Purchase Transaction or Securities Transaction (as the case may be), any prospectus, memorandum and articles of association, operation memorandum, trust deed, declaration of trust, limited partnership agreement, scheme document, constitutive document, principal documents governing the formation of the scheme, programme document, circular, offering circular, offer documents or information memorandum issued by the relevant Issuer or Dealer and any supplements or agenda thereto;
"Dealer" means any company, corporation or financial institutions involving in any issue, allotment, subscription, distribution, placing or placement of Securities and shall include without limitation placing or placement manager or agent, arrangers, brokers, dealers, distributors, guarantors and custodians;
"Head Purchase Transaction" means, with respect to any Purchase Transaction, any agreement or transaction to be made between CISI and the Issuer or the Dealer whereby CISI will purchase, invest in, subscribe for, exchange or otherwise deal with the Purchase Securities;
"Information Material" means, with respect to any Purchase Transaction, terms sheet, factsheet, information documents, marketing promotion or distribution document, memorandum, document, material, letter prepared, compiled, edited, provided or issued by CISI to the Client in relation to the Purchase Securities;
"Interests" means all dividends, distributions, payments, interest, coupons, incomes, entitlements, returns or benefits relating, incidental or attached to the Purchase Securities and/or the Subscribed Securities (as the case may be);
"Investment Account" means the account established and maintained by the Client with CISI designed by CISI to handle, deal in and hold, among others, (a) the Purchase Transactions and Purchase Securities; and/or (b) the Securities Transactions, Subscription Transactions and Subscribed Securities (as the case may be);
"Investment Deposit" means any investment, linked or structured deposit where the payment or repayment of principal, interest, bonus, moneys, profits, return, distributions or other amounts will be calculated, determined or ascertained, in whole or in part, by reference, directly or indirectly to a single or a basket of equities, securities, indices, goods, commodities, currency exchange rate, interest rate, credit of a specified entity, or any other subjects, matters or things (as may be determined by CISI) on such terms and conditions as may be specified in the relevant Terms and Conditions, and “Investment Deposits” shall be construed accordingly;
"Issuer" means any bank, financial institution, deposit taker or acceptee, fund corporation, trustee, limited partnership, general partner, governmental authority, statutory body, issuer or grantor of or relating to the Securities as approved by CISI for the purpose of a Head Purchase Transaction and/or Securities Transaction (as the case may be);
"Liabilities" means all monies, liabilities and obligations, whether actual or contingent, present or future, due, owing or incurred from or by the Client to CISI, its nominee, subsidiary or other associated company in connection with the Investment Account and the Settlement Account and this Agreement (including, for the avoidance of doubt, the Appendices, where applicable) or for which the Client may otherwise be or become liable to CISI on any account or in any manner or currency whatsoever (whether alone or jointly with any other person and in whatever name, style or firm), together with interest from the date of demand to the date of payment, legal costs and all other costs, charges and expenses incurred by CISI, its nominee, subsidiary or other associated company in connection with the recovery or attempted recovery of such monies, liabilities and obligations;
"Market" means any stock or other exchange, responsible association of dealers or corporation, whether within or outside Hong Kong, so as to provide a market for dealing in Securities;
"Purchase Money" bears the meaning as defined in Clause 2.2;
"Purchase Price" means the full amount of the purchase or subscription price for the relevant Purchase Securities as referred to in the Application that the Client has offered to purchase or subscribe as indicated in the Application.
"Purchase Securities" means the Securities as offered to be purchased or subscribed for by the Client under a Purchase Transaction and pursuant to this Agreement, and includes the Subsequent Securities;
"Purchase Transaction" means any agreement or transaction to be made between CISI as seller and the Client as purchaser whereby the Client shall purchase, or subscribe for the Purchase Securities from CISI subject to and upon the Application and this Agreement;
"Securities" means any shares, stocks, debentures, loan stocks, bonds, notes, unit trusts, mutual funds, funds, limited partnership interest, certificates of deposit, Investment Deposits, or other commercial paper or securities of or issued by any body, whether incorporated or unincorporated, or any government authority for the time being traded in a Market
and acceptable to CISI and may include, in the absolute discretion of CISI, (a) rights, options or interests (whether described as units or otherwise) in or in respect of any of the foregoing; (b) certificates of interest or participation in, or temporary or interim certificates for, receipts for or warrants to subscribe to or purchase, any of the foregoing; or (c) securities as defined in the Securities and Futures Ordinance;
"Securities Client Agreement" means the Securities Cash Client Agreement or the Securities Margin Client Agreement, as the case may be;
"Securities Cash Client Agreement" means the agreement made between the Client and CISI and constituted by the Specimen Signature Card, the Securities Cash Client Agreement and the Appendices whereby the Client has agreed to open and maintain, in the name of the Client, the Account with CISI for securities cash trading in accordance with and subject to the terms and conditions thereof;
"Securities Margin Client Agreement" means the agreement made between the Client and CISI and constituted by the Specimen Signature Card, the Securities Margin Client Agreement and the Appendices whereby the Client has agreed to open and maintain, in the name of the Client, the Margin Account with CISI for securities margin trading in accordance with and subject to the terms and conditions thereof;
"Securities Transaction" means any agreement, subscription, acquisition, purchase or transaction to be made between CISI and the Issuer or the Dealer in which CISI will purchase, acquire, invest in, subscribe for, sell, exchange or otherwise dispose of any Securities and generally dealing in any and all kinds of Securities on behalf of the Client pursuant to the Application, the Subscription Transaction and this Agreement;
"Settlement Account" means the bank account opened and maintained with CISI which is nominated by the Client for the purpose of handling, settling and clearing money transactions relating to the Purchase Transaction and/or Subscription Transaction (as the case may be) and the dealing in the Purchase Securities and/or Subscribed Securities (as the case may be), and other relating transactions;
"Subscription Money" bears the meaning as defined in Clause 5.2;
"Subscription Price" means the full amount of the subscription price representing the aggregate price for the relevant Subscribed Securities or any part thereof as referred to in the Application that the Client has agreed to subscribe as indicated in the Application;
"Subscribed Securities" means the Securities as purchased, acquired, or subscribed for by CISI under a Securities Transaction and pursuant to this Agreement, and as issued, allotted, by the Issuer pursuant to such Securities Transaction, and includes the Subsequent Securities;
"Subscription Transaction" bears the meaning as defined in Clause 5.4;
"Subsequent Securities" means replacing, substituting, converted, consolidated shares, stock or securities in respect of or attributable to the Purchase Securities and/or Subscribed Securities (as the case may be) or any new or further shares, stock or securities derived or originated from the Purchase Securities and/or Subscribed Securities (as the case may be); and
"Terms and Conditions" means: -
(a) with respect to any Subscribed Securities, the terms and conditions of the terms sheet, the Constitutive Documents, offering document or circular, Securities instrument, subscription agreement or document, certificate or definitive Securities of that Subscribed Securities and the Securities Transaction relating thereto; or
(b) with respect to any Purchase Securities, the terms and conditions of the terms sheet, the Constitutive Documents, offering document or circular, Securities instrument, subscription agreement or document, certificate or definitive Securities of that Purchase Securities and the Head Purchase Transaction relating thereto.
1.3 In this Agreement, the expressions "CISI" and the "Client" shall, where the context permits, include their respective successors, personal representatives and permitted assigns.
1.4 Where it is necessary for the true construction or interpretation of any provision of this Agreement and Securities Client Agreement : -
(a) all references to “Transaction” in the Securities Client Agreement shall be construed as to include “Head Purchase Transaction”, “Purchase Transaction”, “Securities Transaction” and/or “Subscription Transaction”; and
(b) all references to “Account” or “Margin Account” shall be construed as to include “Investment Account”.
SECTION I : TERMS AND CONDITIONS APPLICABLE TO PURCHASE TRANSACTION
This Section I applies where CISI, as principal, enters into Purchase Transactions with the Client.
2. SALE AND PURCHASE OF SECURITIES
2.1 The Client shall make an offer, instruction or application to purchase or subscribe for Securities by signing, executing and delivering to CISI an Application. CISI shall be fully entitled to rely on any Application delivered to CISI which is complete and regular on its face as regards its contents. Each Application by the Client shall constitute: -
(a) an irrevocable and unconditional offer made by the Client to CISI for the purchase or subscription of the relevant Purchase Securities or any part thereof as referred to in the Application; and
(b) an irrevocable and unconditional offer made by the Client to CISI to enter into a Purchase Transaction as contemplated by or in pursuance of the Application.
2.2 The Client shall simultaneously with the delivery or submission of an Application pay to CISI the purchase money (the "Purchase Money") being the aggregate amount of the Purchase Price together with all applicable tax or levies and commissions, expenses, fees and/or charges charged by CISI thereon or otherwise. The Client hereby authorises CISI to debit from the Settlement Account, if any, the Purchase Money and all such other amounts (as deemed necessary by CISI) after the delivery or submission of the Application to CISI for effecting payment of the same. If the Client does not pay the Purchase Money in full, CISI, without prejudice to any other rights, powers and discretion of CISI herein, is entitled to reject the Application.
2.3 After receipt of an Application, CISI shall as soon as reasonably practicable inform the Client, whether orally or in writing, in the event that CISI shall not enter into the particular Purchase Transaction. The Client acknowledges that CISI will incur costs and expenses in acting on any Application delivered or submitted and agrees that all Application, once delivered or submitted, shall be irrevocable and the respective Purchase Money, once deposited with or otherwise paid to CISI or its receiving agent as may be nominated by CISI from time to time, shall not be withdrawn or repaid unless and until CISI has informed him that CISI shall not enter into that particular Purchase Transaction with the Client or that the Head-Purchase Transaction as contemplated by or in pursuance of such Application has not been entered into or completed.
2.4 From time to time upon confirmation to the Client of CISI's acceptance of the offer of the Client for purchase or subscription of the Purchase Securities as constituted and contained in the Application, CISI and the Client shall conclusively enter into a Purchase Transaction.
2.5 The Client agrees, accepts and acknowledges that each Purchase Transaction shall be entered into upon and subject to the following provisions and in the following order of prevalence :-
(a) the terms and conditions as contained in the Application;
(b) the terms and conditions of this Agreement;
(c) the terms and conditions of the relevant Head Purchase Transaction relating to such Purchase Transaction;
(d) the Terms and Conditions;
(e) all applicable rules, by-laws, regulations of the Market, clearing system on or through which the Head Purchase Transaction, Purchase Transaction or any transaction relating to the Securities or Purchase Securities is transacted, executed, cleared and settled;
(f) all applicable laws, rules and regulations of government, statutory and regulatory bodies and agencies of the relevant jurisdiction; and
(g) the practices of the market in which the Purchase Transaction and the Head Purchase Transaction are effected and carried out.
2.6 Physical delivery of the Purchase Securities to the Client shall be subject to the sole and absolute discretion of CISI. The Client agrees and accepts that the issuance of a Confirmation by CISI to the Client in lieu of physical delivery of the Purchase Securities shall be sufficient and satisfactory evidence of successful purchase or subscription of the Purchase Securities by the Client.
2.7 The Client agrees that the Client must examine and verify such Confirmation and will inform XXXX of any mistake, omission, disagreement or unauthorised transactions within 7 days from the date of the said Confirmation. If the Client fails to do so, the Client shall not be entitled to dispute any transaction or entry recorded in such Confirmation and accepts such Confirmation as final and conclusive and the same shall be binding on the Client for all purposes.
SECTION II : TERMS AND CONDITIONS APPLICABLE TO SECURITIES TRANSACTION AND SUBSCRIPTION TRANSACTION
This Section II applies where XXXX acts as the Client’s agent for the execution of orders for Securities Transactions and Subscription Transactions.
3. APPOINTMENT AND SCOPE OF AGENCY
3.1 The Client hereby appoints XXXX and XXXX agrees to act as the Client's agent to: -
(a) effect and enter into Securities Transactions;
(b) act as custodian and administrator of the Subscribed Securities;
(c) do and perform such acts and exercise and enforce such powers, rights, discretion as if CISI were the registered and beneficial owner of the Subscribed Securities; and
(d) do and perform such acts, duties, obligations in relation or incidental to all or any of the above.
3.2 Nothing herein contained shall constitute CISI as trustee for the Client or a partnership between CISI and the Client.
3.3 The Client hereby irrevocably authorises CISI to exercise voting right and all other rights and powers, if any, attached or pertaining to the Subscribed Securities in a manner as CISI may see fit without prior notice to or consent from the Client.
3.4 CISI does not and shall not guarantee successful subscription or acquisition of the Subscribed Securities or otherwise completion of any Securities Transaction. CISI shall not be liable for any loss, expenses or damages suffered by the Client as a result of any loss of opportunity owing to any cause whatsoever unless directly and solely caused by CISI's negligence and wilful misconduct.
4. NON-EXCLUSIVE AGENCY
4.1 The Client acknowledges and accepts that CISI shall be at liberty from time to time without notice to the Client to provide and enter into similar services and transactions contemplated hereunder to or with any other customers of CISI.
4.2 The Client further agrees and accepts that XXXX may act on behalf of both the Client and any other customers of CISI in one single Securities Transaction with the Issuer or Dealer.
4.3 The benefits, rights, interest, title, obligations and liabilities of the Client and any other customers of CISI under and in any single Securities Transaction and Subscribed Securities shall be several. Where there are other customers of CISI involved in a Securities Transaction and Subscribed Securities, the benefits, rights, interest, title, obligations and liabilities of the Client under and in such Securities Transaction and Subscribed Securities shall be governed by the Application of the Client.
5. APPLICATION AND SUBSCRIPTION TRANSACTION
5.1 The Client shall make an application to subscribe for or acquire Securities by execution of an Application. CISI shall be fully entitled to rely on any Application delivered to CISI which is complete and regular on its face as regards its contents. Each submission of an Application by the Client shall constitute: -
(a) an irrevocable and unconditional offer made by the Client for the subscription or acquisition of the relevant Subscribed Securities or any part thereof as referred to in the Application;
(b) an irrevocable and unconditional offer made by the Client to CISI to enter into a Subscription Transaction; and
(c) an irrevocable and unconditional instruction to CISI to enter into a Securities Transaction as contemplated by or in pursuance of the Application.
5.2 The Client shall simultaneously with the submission of an Application pay to CISI the subscription money (the "Subscription Money") being the aggregate amount of the Subscription Price together with all applicable tax or levy and commission and/or charges charged or requested by XXXX, Dealer and the Issuer or otherwise.
5.3 After receipt of an Application, CISI shall as soon as reasonably practicable inform the Client in the event that CISI shall not enter into the particular Subscription Transaction. The Client acknowledges that CISI will incur costs and expenses in acting on any Application submitted and agrees that all Applications, once submitted, shall be irrevocable and the respective Subscription Money, once deposited with or otherwise paid to CISI or its receiving agent as may be nominated by CISI from time to time, shall not be withdrawn unless and until CISI has informed him that CISI shall not enter into that particular Subscription Transaction with the Client or that the Securities Transaction as contemplated by or in pursuance of such Application has not been entered into or completed.
5.4 From time to time upon confirmation to the Client of a successful subscription of the Subscribed Securities pursuant to the relevant Securities Transaction, CISI and the Client shall conclusively enter into a subscription transaction ("Subscription Transaction").
5.5 The Client agrees, accepts and acknowledges that each Subscription Transaction shall be entered into upon and subject to the following provisions and in the following order of prevalence: -
(a) the terms and conditions as contained in the Application;
(b) the terms and conditions of this Agreement;
(c) the terms and conditions of the relevant Securities Transaction relating to such Subscription Transaction;
(d) the Terms and Conditions;
(e) all applicable rules, by-laws, regulations of the Market, clearing system on or through which the Subscription Transaction, Securities Transaction or any transaction relating to the Securities or Subscribed Securities is transacted, executed, cleared and settled;
(f) all applicable laws, rules and regulations of government, statutory and regulatory bodies and agencies of the
relevant jurisdiction; and
(g) the practices of the Market in which the Subscription Transaction and the Securities Transaction is effected and carried out.
5.6 If the subscription as contained in a Subscription Transaction only constitutes a portion of the subscription as contained in the Securities Transaction relating to such Subscription Transaction and part of the subscription for the relevant Subscribed Securities, the rights, benefits, title, interest, entitlement, obligation and liability of the Client of, in and under the Subscribed Securities shall be in proportion to the ratio of (i) the value of the principal amount subscribed by the Client as stated in the Application bear to (ii) the principal amount of the Subscribed Securities.
5.7 Physical delivery of the Subscribed Securities to the Client shall be subject to the sole and absolute discretion of CISI. The Client agrees and accepts that the issuance of a Confirmation by CISI to the Client in lieu of physical delivery of the Subscribed Securities shall be sufficient and satisfactory evidence of successful subscription of the Subscribed Securities of the Client.
5.8 The Client agrees that the Client must examine and verify such Confirmation and will inform XXXX of any mistake, omission, disagreement or unauthorised transactions within 7 days from the date of the said Confirmation. If the Client fails to do so, the Client shall not be entitled to dispute any transaction or entry recorded in such Confirmation and accepts such Confirmation as final and conclusive and the same shall be binding on the Client for all purposes.
6. ENFORCEMENT
6.1 The Client hereby irrevocably authorises CISI (but CISI is not bound to do so), for and on behalf of the Client, to exercise such rights, remedies, powers and discretions, to give such consent or approval, and/or to take or enforce such act, conduct, proceedings, action, petition under or pursuant to the Terms and Conditions and/or in respect of and in relation to the Subscribed Securities or the Interest in such manner as CISI may determine, at its sole discretion exercised in good faith, without prior notice to or consent from the Client.
7. CISI’S MATERIAL INTERESTS
7.1 The Client agrees that CISI may, notwithstanding any interest, relationship or arrangement XXXX, its nominee, subsidiary or associated company may have that is material in relation to the Securities Transaction, the Subscribed Securities concerned or transaction relating to the Subscribed Securities, effect Securities Transactions or transaction on behalf of the Client.
7.2 The Client agrees and authorises XXXX to accept from any securities brokers and dealers engaged in the purchase or sale of, or other dealing with, Securities for the account of the Client any goods and services. For this purpose, such goods and services may include: research and advisory services; economic and political analysis; portfolio analysis, including valuation and performance measurement; market analysis, data and quotation services; computer hardware and software incidental to the above goods and services; clearing and custodian services and investment-related publications.
7.3 In the absence of fraud or wilful misconduct on the part of CISI, CISI shall not be liable to the Client for any claims against CISI or any of its nominees, subsidiaries or associated companies or to account to the Client for any rebate, allowance, commission, soft commission, discount, emoluments, profits, benefits, remuneration, interest or goods and services whatsoever accepted, gained or received by CISI or any of its nominees, subsidiaries or associated companies in relation to any Securities Transaction, Subscribed Securities or transaction referred to in Clause 7.
7.4 The Client agrees and accepts that the the full amount of the subscription or purchase price representing the aggregate price for the relevant Securities or any part thereof as referred to in the Securities Transaction (the “Securities Money”) is different from or less than the Subscription Money, and agrees, accepts CISI to earn, have, make and receive profits, benefits, mark-up and income from the difference between the Securities Money and the Subscription Money.
SECTION III : OTHER APPLICABLE TERMS AND CONDITIONS
This Section III applies where (a) CISI, as principal, enters into Purchase Transactions with the Client; and/or (b) CISI acts as the Client’s agent for the execution of orders for Securities Transactions and Subscription Transactions.
8. INVESTMENT ACCOUNT
8.1 The Client shall, when required by CISI, open one or more Investment Accounts with CISI for the purpose of, among others, holding the Purchase Securities and/or Subscribed Securities (as the case may be) and Interests. The Client shall, when required by CISI, open one or more Settlement Accounts with CISI for the purpose of, among others, handling, settling and clearing money transactions relating to the Purchase Transactions and/or Subscription Transactions (as the case may be); and dealing in the Purchase Securities and/or Subscribed Securities (as the case may be), and other relating transactions.
8.2 The Client agrees and accepts that the relevant Investment Account may be maintained in the form of a sub-account in the records of CISI under a general account within CISI in which the Purchase Securities and/or Subscribed Securities (as the case may be) and Interests arising therefrom may be co-mingled with those of other customers of CISI (but not with cash or Securities held for CISI 's own account), in which case the Client shall be entitled in common with the other customers to its proportionate share of the Purchase Securities and/or Subscribed Securities (as the case may be).
9. CUSTODIAN AND ADMINISTRATOR
9.1 The Client hereby appoints CISI and XXXX agrees to act as custodian and administrator of all Purchase Securities and/or Subscribed Securities (as the case may be) and Interests for and on behalf of the Client to do including but not limited to the following: -
(a) register the Purchase Securities and/or Subscribed Securities (as the case may be) in the name of CISI, the Client or CISI's nominee or agent;
(b) administer, manage, deal with and maintain the Purchase Securities and/or Subscribed Securities (as the case may be);
(c) receive principal and Interests attributable to the Purchase Securities and/or Subscribed Securities (as the case may be) and/or paid by the Dealer and/or the Issuer;
(d) act as or do such acts as custodian and administrator of the Purchase Securities and/or Subscribed Securities (as the case may be) may act or do from time to time;
(e) receive, deal with, hold, handle, settle and clear moneys of the Client in relation to transactions or dealing under or pursuant to this Agreement; and
(f) do and perform such acts, matters, things, duties, obligations in relation or incidental to all or any of the above.
9.2 On completion of the purchase or subscription of the Purchase Securities and/or Subscribed Securities (as the case may be), the Client and CISI shall procure the transfer or holding of the Purchase Securities and/or Subscribed Securities to CISI as custodian and administrator of the Client in respect of the Purchase Securities and/or Subscribed Securities.
9.3 CISI is entitled to nominate any of its agent, nominee or associated company (“CISI's Agent”) to act as custodian and/or administrator of the Purchase Securities and/or Subscribed Securities, or to perform any of the services or functions of CISI as custodian and administrator of the Purchase Securities and/or Subscribed Securities. In such event, the provisions hereof relating to custodian and administrator shall be applicable to such CISI's Agent mutatis mutandis. The authority, rights, powers and benefits of CISI as custodian and administrator of the Purchase Securities and/or Subscribed Securities shall be to the benefits and favour of CISI's Agent.
9.4 Any Purchase Securities and/or Subscribed Securities held by CISI for custody or safekeeping pursuant to this Agreement may be deposited in safe custody with CISI itself or in a designated account of CISI with a bank or another institution which provides facilities for the safe custody of Securities and documents relating thereto.
9.5 The Client acknowledges and agrees that Purchase Securities and/or Subscribed Securities (as the case may be) from time to time acquired and/or held pursuant to this Agreement through or in a clearance system (to be determined by CISI from time to time) shall be held subject to and in accordance with the applicable rules, procedures and regulations of such clearance system from time to time in force.
9.6 Subject to Clause 9.7, CISI shall, as soon as reasonably practicable after having been required to do so by written instructions from the Client, transfer or deliver the Purchase Securities and/or Subscribed Securities (as the case may be) to the Client or its nominee.
9.7 The obligations of CISI in Clause 9.6 shall be subject to the other provisions of this Agreement and to the right of CISI to require that prior to any withdrawal by the Client, the Client discharges in full the Liabilities. CISI may, without notice to the Client, discharge any or all the Liabilities out of moneys standing to the credit of the Settlement Account and/or Investment Account prior to implementing any transfer or delivery pursuant to Clause 9.6 or otherwise may require payment thereof to be made by the Client prior to implementing any registration or transfer pursuant to Clause 9.6.
9.8 CISI will pay all dividends, distributions, interest, coupons or benefits relating to the Purchase Securities and/or Subscribed Securities (as the case may be) of the Client into the Settlement Account and/or Investment Account. If the Purchase Securities and/or Subscribed Securities in respect of which the dividend, distribution, interest, coupons or other benefit accrues form part of a larger holding of identical Securities held by CISI for customers, then the Client shall be entitled to the share or proportion of such dividend, distribution, interest, coupons or benefit arising on the larger holding as equals the share or proportion of the Client’s holding of Purchase Securities and/or Subscribed Securities (as the case may be) to the total larger holding of those Securities. The determination of CISI as to the share or proportion of the Securities or Interests held by the Client shall be final and conclusive, except in case of manifest numerical error.
9.9 If any rights issues, take-over offers, capitalization issues, exercises of conversion or redemption or subscription rights, voting rights or other rights arise in relation to the Purchase Securities and/or Subscribed Securities, CISI or its nominee shall use reasonable endeavors to notify the Client of the same and whether and by when any decision and/or payment in relation thereto is required by the Client. Subject to receiving the Client's instructions in time to act thereon (and,
where payment is required, to receipt of required cleared funds) CISI or its nominee shall arrange for action to be taken, and CISI or its nominee shall credit the Investment Account and/or Settlement Account with the resulting Securities or cash (if any). If any action is required in respect of the Purchase Securities and/or Subscribed Securities and the Client cannot be contacted or fails to give CISI or its nominee punctual or adequate instructions for such action, the Client hereby authorizes CISI or its nominee to act, provided that CISI or its nominee shall be under no obligation to act, on the Client's behalf in such manner as CISI or its nominee shall in CISI's or its nominee's absolute discretion think fit including exercising any rights in respect of Purchase Securities and/or Subscribed Securities of which the Client is the beneficial owner but which are registered in the name of CISI or CISI's nominee. CISI and its nominee shall not be liable, in the absence of fraud or wilful default, for any action that CISI or its nominee may, or may omit to, take in furtherance of such discretion.
9.10 The Client hereby authorizes CISI or its nominee in connection with CISI's or its nominee's custodian services to take all such action as may be required to comply with applicable laws, rules, procedures, regulations and rules of exchanges or clearing systems, including withholding and/or making payment of tax or duties payable in respect of cash or Securities in the Settlement Account and/or Investment Account. The Client acknowledges that neither CISI nor its nominee shall be liable in respect of any call, instalment or other payment in relation to the Purchase Securities and/or Subscribed Securities (as the case may be) held by CISI or its nominee in the Settlement Account and/or Investment Account.
9.11 The Client hereby authorizes CISI to deposit, transfer or pay all or any part of the principal of the Purchase Securities and/or Subscribed Securities (as the case may be), Interest, proceeds of sale, proceeds of redemption, or moneys payable to the Client under this Agreement into the Settlement Account, if any, or each other account of the Client with CISI.
10. REPRESENTATIONS AND WARRANTIES
10.1 The Client represents, warrants and declares to CISI that: -
(a) the Client is not a U.S. person (as defined in Regulation S of the Securities Act of 1933 under the laws of the United States of America), and shall not acquire or hold the Purchase Securities and/or Subscribed Securities (as the case may be) beneficially owned by or for a U.S. person or in violation of any applicable law;
(b) the Client has read all the terms of this Agreement and understands them fully, it has adequate financial expertise and resources to comply with such terms, and there is commercial justification for the Client entering into Purchase Transaction and/or Subscription Transaction (as the case may be) with CISI.
10.2 Where CISI, as principal, enters into Purchase Transactions with the Client;: -
(a) the Client further represents, warrants and declares to CISI that: -
(i) the Client is fully aware of the risks involved in the purchase, acquisition or subscription of the Purchase Securities, and all Applications will be made and the Purchase Transactions will be entered into by the Client in reliance upon the Client’s own judgment and at the risk of the Client whether or not advice has been obtained from CISI. The Client agrees that no advice shall be given or be deemed to be given to the Client by CISI unless CISI and the Client shall have entered into a separate written agreement for the purpose of giving advice by CISI to the Client in relation to the agreements and transactions constituted or contemplated by this Agreement or any Purchase Transaction;
(ii) the Client fully understands that CISI is selling, distributing or dealing with the Purchase Securities as principal (as between CISI and the Client); and
(iii) the Client is purchasing or subscribing the Purchase Securities as principal, not as agent, nominee, trustee of any person.
(b) the Client agrees and undertakes with CISI that the Client shall not sell, distribute, transfer or assign any of the Purchase Securities and/or the Client's rights, title, interest or benefits of and in the Purchase Securities to any other person, and/or shall not create or grant any security on or over any such rights, nor shall any of such rights or obligations be capable of assignment or transfer or of having security created over the Purchase Securities, except with the prior written consent of CISI.
10.3 Where CISI acts as the Client’s agent for the execution of orders for Securities Transactions and Subscription Transactions, the Client further represents, warrants and declares to CISI that: -
(a) the Client is fully aware of the risks involved in the purchase, acquisition or subscription of the Subscribed Securities, and all Applications will be made and the Subscription Transactions will be entered into by the Client in reliance upon the Client’s own judgment and at the risk of the Client whether or not advice has been obtained from CISI. The Client agrees that no advice shall be given or be deemed to be given to the Client by CISI unless CISI and the Client shall have entered into a separate written agreement for the purpose of giving advice by CISI to the Client in relation to the agreements and transactions constituted or contemplated by this Agreement or any Subscription Transaction; and
(b) the Subscribed Securities and/or Securities are for the Client’s own investment purpose and the Client will not offer to sell, sell or otherwise transfer the Subscribed Securities and/or Securities or any of the legal or beneficial interest therein to any other person.
10.4 The Client shall forthwith notify and make known to CISI in writing of any changes in the information, representations
and warranties provided in the Appendices, and provided, given or made by the Client pursuant to this Agreement or any agreement entered into pursuant to this Agreement or relating to the Investment Account. CISI shall reserve the right to decide whether to accept a Purchase Transaction and/or Subscription Transaction (as the case may be) and/or to act as the Client’s custodian and administrator of the Purchase Securities and/or Subscribed Securities (as the case may be) under and pursuant to this Agreement after considering the change to such information, representations and warranties.
11. CHARGES & CURRENCIES
11.1 The Client shall pay CISI’s normal foreign exchange and other fees, commissions and charges of CISI as set out in the Application.
11.2 If the Head Purchase Transaction, Purchase Transaction, Subscription Transaction, the Securities Transaction and/or the instruction of the Client for any purchase, subscription, acquisition or disposal of Securities requiring or involving an exchange into or from one currency to another, the costs thereof and any profit or loss arising as a result of a fluctuation in the exchange rate of the relevant currency will be entirely for the account of the Client. CISI may convert moneys in the Investment Account and/or the Settlement Account into and from any currency at such rate of exchange as CISI shall in its sole discretion determine as being the then prevailing money market rate. Such conversion may be made for the purpose of any transaction or for the calculation of any debit balance due from the Client or credit balance owed to the Client.
12. INDEMNITY
12.1 The Client agrees that CISI shall not be liable for any loss or liability which the Client may incur unless due to fraud, gross negligence or wilful default on the part of CISI or a broker or dealer which is an associate of CISI.
12.2 The Client shall fully indemnify CISI against all liabilities, damages, costs and claims whatsoever incurred by CISI under Clause 6.
12.3 The Client shall further indemnify CISI against any claim which may be made against CISI by a purchaser or any other person by reason of any defect in the title of the Client to the Securities.
13. MISCELLANEOUS PROVISIONS
13.1 Unless otherwise specified in this Agreement, any notice to be made or given by either party to the other under this Agreement shall be in writing and addressed to the last known address, telex number, facsimile number of the other party (as the case may be) and shall be deemed effective on (i) the date two days (if local) or seven days (if international) after posting if delivered by mail (if the notice was properly addressed and posted), or (ii) the date of transmission if transmitted by facsimile when a transmission report was produced by the machine from which the facsimile was sent, which indicates that the facsimile was sent in its entirety to the facsimile number of the recipient, or (iii) the date of dispatch if sent by personal delivery.
13.2 The Chinese version of this Agreement is for reference only and if there is any conflict between the English and Chinese versions, the English version shall prevail.
14. If CISI solicits the sale of or recommends any financial product to the Client, the financial product must be reasonably suitable for the Client having regard to the Client’s financial situation, investment experience and investment objectives. No other provision in these Terms or any other document CISI may ask the Client to sign and no statement CISI may ask the Client to make derogates from this Clause. For the purpose of this Clause, “financial product” means any securities, futures contracts or leveraged foreign exchange contracts as defined under the SFO.