Terms and Conditions of the ProsperUs Mutual Funds Transfer-In Campaign

  1. This Campaign is organised by CGS-CIMB Securities (Singapore) Pte. Ltd. (“CGS-CIMB”) and is valid from 01 July 2023 to 31 December 2023 (both dates inclusive) (the “Campaign Period”).
  2. This Campaign is open to all existing and new clients of CGS-CIMB who have a ProsperUs global investment account (“ProsperUs Account”) with CGS-CIMB during the Campaign Period.
  3. Subject to fulfilling the applicable terms and conditions below, participants who qualify under this Campaign will be eligible to receive cash credit rewards and an upgrade to the “Hall of Fame” commission tier if they transfer their mutual funds holdings which is equivalent to the value specified below from another brokerage into their ProsperUs Account.
  4. This Campaign only applies to the transfer of mutual funds which are offered on ProsperUs’ trading platform during the Campaign Period.

A. Cash Credit Reward

  1. Participants will be entitled to receive a cash credit of SGD30 for every successful transfer of their mutual funds holdings which is equivalent to SGD10,000 in value into their ProsperUs Account for a holding period of at least three (3) calendar months from the effective date of such transfer (“Holding Period”).
  2. For the purposes of paragraph 5, the value of the mutual funds holdings that will be considered shall be based on the net asset value of the mutual funds holdings on the date of submission of the applicable transfer form by the participant to CGS-CIMB via email. For the avoidance of doubt, if such transfer form is submitted on a non-Business Day, then the value of the mutual funds holdings that will be considered shall be the net asset value of the mutual funds holdings on the following Business Day. “Business Day” means any day except Saturday, Sunday and any day which is a gazetted public holiday in Singapore.
  3. The maximum total amount of cash credit that a participant may receive under this Campaign is capped at SGD2,400.
  4. This is illustrated in the example below:
    Total value of mutual funds holdings transferred during the Campaign Period Amount of Cash Credit
    SGD10,000 SGD30
    SGD30,000 SGD90
    SGD800,000 SGD2,400
    SGD1,000,000 SGD2,400
  5. The participants’ request for a transfer of their mutual funds holdings into their respective ProsperUs Accounts must be received by CGS-CIMB during the Campaign Period in order for the relevant participant to be eligible to receive the cash credit under this Campaign.
  6. A transfer of mutual funds holdings takes approximately 6 to 8 weeks to be completed.
  7. The cash credit will be credited into the eligible participants’ respective ProsperUs Accounts after the applicable Holding Period, provided that the relevant transfer of mutual funds was successful as verified by CGS-CIMB.
  8. CGS-CIMB shall not be liable for any delays whatsoever in crediting the cash credit nor shall there be any compensation payable by CGS-CIMB in respect of any such delays.
  9. For the avoidance of doubt, the cash credit reward is non-transferrable and cannot be converted into other currencies or otherwise exchanged for value.

B. Upgrade to the “Hall of Fame” commission tier

  1. Participants who transfer their mutual funds holdings which is equivalent to SGD10,000 or more in value into their ProsperUs Account will be eligible for an upgrade to the “Hall of Fame” commission tier.
  2. Such upgrade will be effective within fourteen (14) Business Days after CGS-CIMB has verified that the relevant transfer of mutual funds was successful. “Business Days” shall mean any day except Saturday, Sunday and any gazette public holiday in Singapore. Eligible participants will be notified via email once the upgrade has taken effect.
  3. The “Hall of Fame” commission rates are available at https://www.prosperus.asia/pricing/. All other fees such as clearing fees, SGX trading and settlement fees, GST, etc., shall continue to be borne by the participant.

Other Terms and Conditions

  1. The rewards from this Campaign can be earned in conjunction with any other ongoing campaigns if reflected in the respective terms and conditions of such campaign.
  2. CGS-CIMB’s employees, representatives and agents are not eligible to participate in this Campaign.
  3. By participating in this Campaign, each participant is deemed to have read, understood and agrees 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 the participant may have entered into with CGS-CIMB.
  4. CGS-CIMB reserves the right in its absolute discretion to modify, 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 participant.
  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 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 modify, 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.
  9. This Campaign shall not be construed as an offer, recommendation or solicitation to buy or sell any securities. You are advised to make your own independent evaluation and to consult professional advisers before undertaking any transaction.
  10. Any person who is not a participant shall not have any rights under the Contracts (Rights of Third Parties) Act 2001 to enforce or benefit from these terms and conditions.