Terms and Conditions for ProsperUs Account Opening Campaign (the “Campaign”)

  1. This Campaign is valid from 1 April 2021 to 31 December 2021 (both dates inclusive) (“the Campaign Period”).

Tokens

  1. Successful applicants who open a new ProsperUs global investment account with CGS-CIMB Securities (Singapore) Pte. Ltd.’s (“CGS-CIMB”) during the Campaign Period shall be awarded with electronic tokens (“Tokens”) depending on the funding amount that they make to such account. These Tokens may be used to obtain rebates on trading commissions payable (“Trading Commission”) to CGS-CIMB across all products and markets listed on CGS-CIMB’s ProsperUs investment platforms, for example, BUILD and BOOST. Each Token shall be deemed to have a notional value of SGD10.
  2. For the avoidance of doubt, and save as specified in these terms and conditions, Tokens are non-transferrable and cannot be redeemed for cash or converted into other currencies or otherwise exchanged for value.
  3. If multiple Tokens are used in one trade order, no residual or unutilised notional value (if any) from any of these Tokens shall be returned to you.
    Example 1: Client uses 1 token to offset a trading commission of SGD7. Client will not be returned the difference of SGD3 in notional value.
    Example 2: Client uses 2 tokens to offset trading commission of SGD12. Client will not be returned the difference of SGD8 in notional value.
  4. All unused Tokens shall expire at the end of the Campaign Period and their notional value shall be forfeited entirely.
  5. CGS-CIMB will endeavour to effect the commission rebates to you within 60 days from the end of the Campaign Period, but CGS-CIMB shall not be liable to you for any delay in the same nor shall CGS-CIMB be required to compensate you in respect of any such delays.
  6. The number of Tokens awarded to you is based on your total initial funding of the account after its setup, with reference to the tiers below:
    Tiering Initial funding amount within the same day of account setup Number of tokens awarded Notional value of tokens
    1 SGD10,000 or more Unlimited for the first 100 clients. For all subsequent clients within this tier, 100 Tokens shall be received Full commissions waiver applicable to the first 100, and any subsequent at SGD1,000
    2 SGD3,000SGD9,999 68 SGD680
    3 Minimum SGD1,000 – SGD2,999 28 SGD280
  7. The first 100 new clients who make an initial funding of SGD10,000 or more shall be entitled to unlimited Tokens. Thereafter, all subsequent clients within this tier shall receive 100 Tokens.
  8. The existing commission rates available at https://www.prosperus.asia/pricing/ will continue to be in force during the Campaign Period. All other fees such as clearing fees, SGX trading and settlement fees, GST, etc., shall continue to be borne by you.

Experiences

  1. As a further benefit, the first 500 new clients who make an initial funding of SGD3,000 or more and who then execute at least three trades within 60 days (during the Campaign Period) after their account has been set up shall also be entitled to enjoy a variety of curated ProsperUs Experience(s) (the “Experiences”) such as lifestyle, well-being and dining experiences.
  2. For existing CGS-CIMB ProsperUs clients, the first 200 existing clients who make a funding of SGD3,000 or more to their account during the Campaign Period and who then execute at least three trades within 60 days (during the Campaign Period) of such funding will also be entitled to the Experiences.
  3. The Experiences are selected by CGS-CIMB, and CGS-CIMB shall email the eligible clients to inform them of the Experience(s) which are available. However, as the number of available Experiences are limited, CGS-CIMB is only able to allocate the Experiences to the eligible client on a first come, first serve basis. Eligible clients are encouraged to respond to CGS-CIMB’s said email promptly to inform CGS-CIMB as to the Experience that they wish to select and the number of persons relating thereto. Eligible clients may claim:
    1. ONE Experience for TWO pax; or
    2. TWO Experiences for ONE pax
  4. Notwithstanding that you may have informed CGS-CIMB of the Experience that you wish to select, the Experiences are subject to change without prior notice to you, and without CGSCIMB having to disclose any reason to you. CGS-CIMB shall not be responsible to provide you with the Experience that you have selected, nor shall it be liable to compensate you in connection with an Experience, including but not limited to any change, cancellation or unavailability of an Experience which you selected.
  5. The Experiences are in relation to activities based in Singapore only, and the Experiences cannot be exchanged for cash or otherwise. The Experiences provided are further subject to the terms & conditions of the respective service providers providing the Experiences.

Referral Codes

  1. As an additional benefit, successful applicants who open a new ProsperUs global investment account with CGS-CIMB (“ProsperUs Account”) and who input a unique referral code into the referral code field during the account opening shall enjoy an additional one-time top up of SGD20 into their ProsperUs Account within 7 days of their account opening. A further SGD30 shall also be credited to the said ProsperUs Account if 3 trading transactions are executed successful within 60 days (during the Campaign Period) after the account has been set up.
  2. The unique referral codes can be obtained from certain articles in the Investing Note website (https://www.investingnote.com/) or on the social media/landing pages of the SNACK insurance platform (“SNACK”) by NTUC income or from certain social media channels and/or social media personalities who will make known these referral codes in their social media content.
  3. The first 100 successful applicants who sign up using the unique referral codes from the social media personalities will receive SGD100 into their ProsperUs Account subject to the following conditions:
    1. Applicants must fund SGD3,000 or more into their ProsperUs Account during the Campaign Period and must not effect any withdrawal on all or part of this sum for at least 30 calendar days (“Holding Period);
    2. Only the first 100 successful applicants who input the referral code from the social media personalities are eligible to receive the SGD100 credit. All subsequent applicants (i.e., the 101st applicant onwards) are only entitled to the benefits as stated in paragraph 15.
    3. The SGD100 will be credited into their ProsperUs account within 7 days after the said Holding Period;
    4. Benefits from the various referral codes are not cumulative. For example, if the successful applicant is among the first 100 applicants that inputs the referral code from the social media personality, he/she will not be able to benefit from any other benefits referred to in paragraph 15, 16, 18 and 19.
  4. As an additional benefit, successful applicants who open a new ProsperUs Account and who input a unique reverse inquiry code into the referral code field during account opening shall receive cash credit into their ProsperUs Account if they have fulfilled all the requirements stated in paragraph 18 (i), (ii) and (iii). The unique reverse inquiry code may be provided by advisor’s clique’s agent, a group of financial consultants representing Great Eastern Financial Advisers Private Limited (GEFA) (“Advisor’s Clique”). The first 200 successful applicants who sign up for a new ProsperUs Account using the unique reverse inquiry code from the Advisor’s Clique agents will receive SGD150 or SGD300 into their ProsperUs Account subject to the following conditions:
    First funding amount
    deposited in the ProsperUs
    Account (“Initial Funding
    Amount”)
    Trades execution (on
    ProsperUs Account)
    Credit (One-Off)
    SGD 5,000 to SGD9,999 3 SGD 150
    SGD 10,000 or more SGD 300
    1. Applicants must fund a Initial Funding Amount into their ProscperUs Account during the Campaign Period and must not effect any withdrawal on all or part of this sum for at least 30 calendar days from the Initial Funding Amount is deposited (“Holding Period). For the avoidance of doubt, the use of all or any part of the Initial Funding Amount for payment of trades or purchase of securities via the ProsperUs Account during the Holding Period will not be deemed a withdrawal of the Initial Funding Amount for the purposes of this clause;
    2. Applicants must execute at least 3 trades using the ProsperUs Account during the Campaign Period; and
    3. Only the first 200 successful applicants for a ProsperUs Account who input the reverse inquiry code from Advisor’s Clique agents are eligible to receive SGD150 or SGD300 credit as stated in Clause 18 above.
    4. The SGD150 or SGD300 will be credited into their ProsperUs Account based on the Initial Funding Amount which is held in the ProsperUs Account during the Holding Period within seven (7) days after the successful applicant fulfills all the requirements stated in paragraph 18 (i), (ii) and (iii).
    5. Benefits from the various referral codes are not cumulative. For example, if the successful applicant is among the first 200 applicants that inputs the reverse inquiry code from the Advisor’s Clique agents, he/she will not be able to benefit from any other benefits referred to in paragraph 15, 16, 17 and 19.

SNACK policyholders

  1. Further and in conjunction with NTUC income, SNACK policyholders also stand to benefit from the following:
    1. SNACK policyholders will be provided with an additional SGD5,000 of additional free insurance coverage (for accident policies only) provided by NTUC income, for 360 days;
    2. The 38th, 58th, 68th, 78th and 88th new client that opens a new ProsperUs Account using the “SNACKPROSPERUS” referral code will be eligible for a unique redemption code to obtain SGD25,000 additional free insurance coverage (for accident policies only), provided by NTUC income, for 360 days. CGS-CIMB shall also provide these 5 clients with a SGD500 cash deposit into their ProsperUs Account.
  2. CGS-CIMB employees, representatives and agents are not eligible for this Campaign.
  3. By participating in this Campaign, each participant is deemed to have read, understood and agree to be bound by the foregoing terms and conditions of the Campaign, CGS-CIMB’s General Terms and Conditions, and the terms and conditions of any other agreement(s) that you may have entered into with CGS-CIMB.
  4. CGS-CIMB reserves the right in its absolute discretion to terminate, vary, delete or add to any of the Campaign’s terms and conditions herein, at any time without prior notice and without having to disclose any reason therefore and without any payment or compensation whatsoever to the client.
  5. CGS-CIMB, its affiliates, its and their respective employees, directors, officers, representatives and agents shall not be liable to any person for any loss, damage, injury, costs or expenses incurred, suffered, borne or arising from this Campaign.
  6. The decision of CGS-CIMB on all matters relating to or arising from this Campaign (including the eligibility of any trade to be considered within the scope of this Campaign, and the eligibility of any person to participate in this Campaign) is absolute, final and binding and no correspondence and/or requests to retract and/or to modify any such decisions shall be considered. In the event of any inconsistency between these terms and conditions and any marketing material relating to this Campaign, these terms and conditions shall prevail.
  7. CGS-CIMB reserves the right to terminate or suspend this Campaign for any reason and without any prior notice whatsoever.
  8. These terms and conditions are governed by and interpreted according to the laws of Singapore and the participants in this Campaign agree to submit to the exclusive jurisdiction of the courts of Singapore.