Terms and Conditions for Forex (“FX”) Rebates Campaign (the “Campaign”)

  1. This Campaign is organised by CGS International Securities Singapore Pte. Ltd. (“CGS SG”) and will be valid from 3 June 2024 on a continuing basis until such date as CGS SG notifies participants of the cessation of the Campaign (the “Campaign Period”).
  2. This Campaign is open to both new and existing clients of CGS SG who have a ProsperUs global investment account (“ProsperUs Account”) with CGS SG during the Campaign Period.

FX Rebates Scheme

  1. Participants who execute FX trade(s) using their ProsperUs Account during the Campaign Period will be eligible to receive trading rebates based on the total notional value of all the trade(s) executed by a participant during each calendar month (the “Monthly Notional Traded Value”), provided that the conditions below are satisfied:
    (a) The trade is not in relation to any of the following trading pairs: XAUUSD, XAGUSD, BTCUSD, BTCEUR, BTCJPY, ETHUSD, ETHEUR, and ETHJPY;
    (b) The trade is not cancelled, voided or reversed (either by the participant or by CGS SG) for any reason whatsoever; and
    (c) The trade must be initiated by the participant or on the participant’s behalf, and the trade must not be automatically generated.
  2. CGS SG reserves the right to determine, in its sole and absolute discretion, whether a trade meets the eligibility requirements to qualify for a rebate under this Campaign.
  3. The amount of trading rebates that a participant will receive will be calculated on a monthly basis based on the Monthly Notional Traded Value (rounded down to the nearest million) as at 4.00 p.m. (Singapore time) on the last Business Day (as defined in the CGS SG General Terms and Conditions) of the relevant calendar month, as shown below:
    Tiers Monthly Notional Traded Value (USD) Trading rebates per million (USD)
    1 1 to 299 million 3
    2 300 million and above 10

    For illustrative purposes only, if a participant has a Monthly Notional Traded Value of USD 9.61 million (which will be rounded down to USD 9 million) for the month of June 2024 and a Monthly Notional Traded Value of USD 330 million for the month of August 2024 (assuming June and August 2024 are within the Campaign Period), the participant will be entitled to receive trading rebates in the following amounts:

    Amount of trading rebates earned for the month of June 2024:
    USD 3 x 9 (Tier 1) = USD 27

    Amount of trading rebates earned for the month of August 2024:
    USD 10 x 330 (Tier 2) = USD 3,300

  4. Rebates will be calculated and awarded in United States Dollars or such other currency as CGS SG, in its sole and absolute discretion, may decide.
  5. Rebates earned by participants for each calendar month during the Campaign Period will be credited to the participants’ ProsperUs Accounts within thirty (30) calendar days from the last Business Day (as defined in the CGS SG General Terms and Conditions) of the relevant calendar month.
  6. Rebates earned which have not been credited to the participant’s ProsperUs Account cannot be used to satisfy any of the participant’s payment obligations, including any obligations to pay for a margin, commission or spread, or any other applicable charges.

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 campaigns.
  2. CGS SG’s employees, representatives and agents are not eligible to participate in this Campaign.
  3. Although CGS SG shall endeavour to distribute the rewards promptly, CGS SG shall not be responsible for any delays whatsoever nor shall there be any compensation payable in respect of any such delays. CGS SG shall be entitled in its sole and absolute discretion to forfeit the rewards or disqualify any participant from participating in this Campaign.
  4. CGS SG reserves the right to withdraw or substitute the rewards with other items such as vouchers (but shall not be under any obligation to do so) without prior notice and without assigning any reason.
  5. By participating in this Campaign, each participant is deemed to have read, understood and agreed to be bound by the foregoing terms and conditions of the Campaign, the CGS SG General Terms and Conditions (as amended, modified and/or supplemented from time to time), and the terms and conditions of any other agreement(s) (as amended, modified and/or supplemented from time to time) that the participant has entered into with CGS SG.
  6. CGS SG reserves the right in its sole and 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 participant.
  7. CGS SG and its affiliates, 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.
  8. The decision of CGS SG 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 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.
  9. CGS SG reserves the right to modify, terminate or suspend this Campaign for any reason and without any prior notice whatsoever.
  10. 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.
  11. This Campaign shall not be construed as an offer, recommendation or solicitation to buy or sell any securities. The participants are advised to make their own independent evaluation and to consult their professional advisers before undertaking any transaction.
  12. Any person who is not a participant shall not have any rights under the Contracts (Rights of Third Parties) Act 2001 of Singapore to enforce or benefit from these terms and conditions.

CP/0097/2024