Terms & Conditions - HSBC

2. Foreign currency Time Deposits.
2.1 The Customer agrees to be bound by the rate of exchange quoted by the Bank to the
Customer at the time of placement of the foreign currency Time Deposit as the rate for
the conversion of the relevant currencies determined by the Bank to be prevailing in the
relevant foreign exchange market at the relevant time.
2.2 The Customer acknowledges and accepts that the net return on the Customer’s foreign
currency Time Deposit will depend on market conditions prevailing at the time of
maturity, and that the Customer is prepared to risk any loss as a result of a depreciation in
the value of the currency paid or as a result of foreign exchange controls imposed by the
country issuing the currency. The Customer acknowledges and accepts that such loss
may offset the net return on such foreign currency Time Deposit and may even result in
the loss of the foreign currency Time Deposit or a part thereof. For the purposes of this
Clause, “market conditions” shall mean any practices in the relevant interbank market
relating to the method of interest rate fixing and the calculation of interest on deposits in
the relevant foreign currency, involving such factors as the day count basis, the meaning
of Business Days and the basis of settlement.
Section V Credit Card and Debit Card
HSBC CREDIT CARD
Important! Before the Customer’s use of the HSBC Premier Credit Card issued by HSBC,
please read carefully the Cardholder Agreement printed below. By using the Card you are
accepting the Terms and Conditions set out below and will be bound by them.
The HSBC Premier MasterCard Credit Card (‘the Card’) is issued by HSBC (‘the Bank’) on the
following Terms and Conditions:
1. The Card is the property of the Bank and will be returned to the Bank immediately by the
Cardholder upon the Bank’s request.
2. The person to whom the Card is issued (‘the Cardholder’) will sign the Card immediately
upon receipt and will not permit any other person to use it and will at all times safeguard
the Card and keep it under the Cardholder’s personal control.
3. Each credit card is assigned a credit limit that applies to both purchase and cash advance
transactions. For your own credit limit, please refer to your card statement. The Bank
may at its discretion allow for any card transactions exceeding the credit limit, and reduce
the credit limit according to the result of its credit risk assessment of you or the card
account, without prior notice to you.
4. The Cardholder will be responsible for all credit card facilities granted by the Bank in
respect of the Card and for all Card Transactions effected by the Cardholder (whether
voluntarily or otherwise) as well as all related charges hereunder, notwithstanding the
termination of this Agreement.
5. The Bank will assign a credit limit to the Card Account which must be strictly observed by the
Cardholder and which may be varied by the Bank from time to time as provided below or by
notice to the Cardholder. The Cardholder may apply for a review of his/her assigned credit
limit at any time. The Bank may at its sole discretion (but shall not be obliged to), without
prior notice to the Cardholder, increase the credit limit from time to time or permit Card
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