Terms and Conditions for European Market Campaign (the “Campaign”)
- This Campaign is valid from 28th March 2022 to 31st December 2022 (both dates inclusive) (“the Campaign Period”).
- This Campaign is open to both new and existing clients who have a global investment account (“ProsperUs Account”) with CGS-CIMB Securities (Singapore) Pte. Ltd. (“CGS-CIMB”).
Commission Rebate
- New and existing clients who have not executed any trade on London Stock Exchange (“LSE”) or London Stock Exchange International Order Book (“LSE IOB”) from 1st January 2022 will be eligible for commission rebate for their first trade on LSE or LSE IOB executed during the Campaign Period, with the commission rebate capped at the minimum commission charged according to the client’s commission group as determined by CGS-CIMB (“Capped Commission Rebate”) as shown in table below:
Capped Commission Rebate | |||
Commission Group | Rookie | All-Star | Hall of Fame |
LSE | GBP 7 | GBP 6 | GBP 5 |
LSE (IOB) | USD 9 | USD 8 | USD 7 |
- Although CGS-CIMB will endeavour to effect the commission rebates to you within 60 days from the end of the Campaign Period, CGS-CIMB shall not be liable to you for any delay nor shall CGS-CIMB be required to compensate you in respect of any such delays.
- 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.
Campaign Mechanics and Rewards
- New and existing clients with a ProsperUs Account that conduct the required number of trades on LSE or LSE IOB during the Campaign Period may be eligible for the rewards in the form of vouchers and/or gift cards, more particularly described in the table below:
Number of Trades conducted during the Campaign Period
(on LSE or LSE IOB only) |
Rewards | Maximum Redemption | Description |
Voucher Category | |||
4 | S$10 Grab Voucher
or RM30 Grab Voucher |
100 | · New and existing clients who have not traded on LSE orLSE IOBfrom 1st January 2022 will enjoy commission rebate stipulated in Clause 3 for their 1st trade on LSE and will need to execute another three (3) trades to be eligible for one S$10 or RM30 Grab voucher
· Existing clients who have traded at least once on LSE from 1st January 2022 to 27th March 2022 (both dates inclusive) will need to execute four (4) buy or sell trades on LSE to be eligible for a S$10 or RM30 Grab voucher. |
Experiences Category | |||
10 | S$60 Arteastiq Voucher
or USD 45 Marriott Gift Card |
40 | · Total number of trades conducted during the Campaign Period are cumulative and will be tabulated at the end of Campaign Period
· Clients are only eligible for one experience in this category and the experience rewarded is determined by the number of trades conducted · Reward redemption is based on a first-come first-serve basis. with priority given to clients who are the earliest to complete the minimum trade requirement for each reward tier · Clients who are eligible to a higher value tier reward are allowed to redeem a lower value tier reward, subject to one redemption only |
20 | S$100 MBS gift certificate
or RM300 Klook Gift Card |
20 | |
30 | S$200 Klook Gift Card
or RM600 Klook Gift Card |
10 |
Example scenarios:
Scenarios | Cumulative number of trades at the end of the Campaign | Voucher Category (limited to 1 redemption per client only) |
Experiences Category (limited to 1 redemption per client only) |
Client A | 2 | Not eligible | Not eligible |
Client B | 6 | S$10 or RM30 Grab Voucher | Not eligible |
Client C | 11 | S$10 or RM30 Grab Voucher | S$60 Arteastiq Voucher or USD 45 Marriott Gift Card |
Client D | 23 | S$10 or RM30 Grab Voucher | S$60 Arteastiq Voucher or USD 45 Marriott Gift Card or S$100 MBS gift certificate or RM300 Klook Gift Card |
Client E | 43 | S$10 or RM30 Grab Voucher | S$60 Arteastiq Voucher or USD 45 Marriott Gift Card or S$100 MBS gift certificate or S$200 or RM600 Klook Gift Card |
- Subject to the maximum redemption amount stated above, client who completes four (4) trades during the Campaign Period will be eligible to receive S$10 Grab voucher via email within 21 working days from the date of 4th trade.
- Subject to the maximum redemption amount stated above, client who is eligible for rewards in the voucher category will also be eligible to redeem one reward from the experiences category depending on the number of trades conducted by such client during the Campaign Period.
- Any buy or sell trade on LSE or LSE IOB during the Campaign Period is recognised as one trade count for purposes of determining the cumulative number of trades.
- Although CGS-CIMB will endeavour to notify you if you have qualified for a reward under the experience category within 60 days from the end of the Campaign Period, CGS-CIMB shall not be liable to you for any delay nor shall CGS-CIMB be required to compensate you in respect of any such delays.
- The rewards are in relation to activities based in Singapore and Malaysia only and cannot be exchanged for cash or otherwise. Clients who have qualified for a reward but are residing outside of Singapore and Malaysia can choose to receive their rewards in the denomination of SGD or MYR only (with the exception of the USD 45 Marriott Gift Card). The rewards provided shall also be subject to the terms and conditions of the respective service providers.
- Notwithstanding that you may have informed CGS-CIMB of the reward that you wish to select, the rewards are subject to change without prior notice to you, and without CGS-CIMB having to disclose any reason to you for such change. CGS-CIMB shall not be responsible to provide you with the reward that you have selected, nor shall it be liable to compensate you in connection with a reward, including but not limited to any change, cancellation or unavailability of a reward which you have selected.
Other Terms and Conditions
- The commission rebate will be credited into the eligible client’s ProsperUs Account in Singapore Dollars or equivalent.
- All rewards are non-transferable, non-refundable and non-exchangeable for cash, credit, goods, or benefits in kind. CGS-CIMB reserves the right to withdraw the rewards or substitute the reward with other types of rewards (but shall not be under any obligation to do so) without prior notice and without assigning any reason. Although CGS-CIMB shall endeavour to distribute the rewards promptly, this is subject to availability and accordingly, CGS-CIMB shall not be responsible for any delays whatsoever nor shall there be any compensation payable in respect of any such delays. CGS-CIMB shall be entitled at its sole and absolute discretion to forfeit the reward from any participant or disqualify any participant from participating in the Campaign.
- CGS-CIMB employees, representatives and agents are not eligible for this Campaign.
- 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.
- 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.
- 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.
- 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.
- CGS-CIMB reserves the right to modify, terminate or suspend this Campaign for any reason and without any prior notice whatsoever.
- 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.
- This Campaign shall not be construed as an offer, recommendation or solicitation to buy or sell any securities. Each participant is advised to make their own independent evaluation and to consult professional advisers before undertaking any transaction.
- 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.