Terms & Conditions - HSBC

an equivalent amount (correction entry), and notify the Customer of any reverse entries
and correction entries made at the time of issuing the next Consolidated Statement of
Account. With respect to the calculation of interest, the Bank shall record the entries
retroactively as of the day on which the incorrect entry was made.
13.2 Subject to the applicable Vietnamese regulations, the Bank may, as its sole discretion
from time to time, destroy any cheques or other document relation to Accounts after they
have been archived electronically (ie. scanned on digital image forms) or microfilmed.
13.3 The Bank reserves the right to use any document relating to the Account in whatever
manner the Bank deems appropriate.
13.4 The Bank’s charges as in effect from time to time shall apply to all Accounts and a list is
available by the Bank upon request.
13.5 The Bank’s performance is subject to the laws of Vietnam and the Bank shall not be
liable for unavailability of funds or any loss suffered by the Customer due to restrictions
on convertibility or transferability, requisitions, involuntary transfers, foreign exchange
controls, moratoriums, expropriations, acts of war or civil strife, or other causes beyond
the Bank’s control, whether arising in or outside Vietnam or in any place in which funds
are deposited or may be transferred. In such circumstances, neither the Bank, the
Bank’s head office nor other branches, subsidiaries or affiliates shall be responsible for
unavailability of funds caused by matters beyond the Bank’s control.
13.6 The Bank has the right to release the Customer’s records to any government authorities
or other third parties pursuant to and as required by the laws of Vietnam.
13.7 All receipts/deposits paid to the Bank for credit to an Account must be acknowledged
by a Bank voucher. The Customer shall retain such voucher for comparison where
necessary. The Bank shall bear no liability to account for receipts/deposits where no such
Bank voucher is issued.
13.8 Provision on anti-money laundering
13.8.1 The Bank and other members of the HSBC Group are required to act in accordance
with the laws, regulations and requests of public and regulatory authorities operating
in various jurisdictions which relate to, among other things, the prevention of money
laundering, terrorist financing and the provision of financial and other services to any
persons or entities which may be subject to sanctions. The Bank may take, and may
instruct (or be instructed by) any other member of the HSBC Group to take, any action
which it or such other member, in its sole and absolute discretion, considers appropriate
to take in accordance with all such laws, regulations and requests.
13.8.2 Such action may include but is not limited to: the interception and investigation of
any payment messages and other information or communications sent to or on the
Customer’s behalf via the systems of the Bank or any other member of the HSBC Group;
and enquiries as to whether a name which might refer to a sanctioned person or entity
actually refers to that person or entity; and close Account in the Bank’s sole discretion.
13.8.3 Neither the Bank nor any member of the HSBC Group will be liable for loss (whether
direct or consequential and including, without limitation, loss of profit or interest) or
damage suffered by any party arising out of:
(i)
Any delay or failure by the Bank or any member of the HSBC Group in processing any
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