Terms & Conditions - HSBC

(g) Agrees that any foreign exchange rate or interest rate quoted by the Bank in response to a
telephone instruction is for reference purposes only and shall not be binding on the Bank
unless confirmed by the Bank for the purpose of a transaction. Such confirmed foreign
exchange rate or interest rate, if accepted by the Customer through the PhoneBanking
Service, shall be absolutely binding on the Customer notwithstanding that a different
foreign exchange rate or interest rate might have been quoted by the Bank at the relevant
time through other means of communication.
(h)
(i)
(j)
(k)
(l)
Agrees that the Bank shall not be liable to the Customer for any failure to carry out any
telephone instruction where such failure is attributable, whether wholly or in part, to
any cause beyond the Bank’s control including any act of God, government act or act
of any governmental officer, war, floor, fire, disruption or failure in any communication
facilities, telecommunication breakdown, equipment malfunction or failure, loss of
power, explosion, accident, civil commotion, industrial dispute or any other kind of force
majeure and under no circumstances shall the Bank be responsible to the Customer for
any indirect or consequential losses arising out of or in connection with the carrying out
or failure to carry out a telephone instruction.
Undertakes to keep the Bank indemnified at all times against, and to hold the Bank
harmless with respect to, all actions, proceedings claims, losses, damages, costs and
expenses which may be through against the Bank or suffered or incurred by the Bank
and which shall have arisen either directly or indirectly out of or in connection with the
Bank accepting telephone instructions and failing to act thereon unless such losses
or claims arise directly out of the wilful default of the Bank and such indemnity shall
continue notwithstanding that the Customer may have ceased to use the PhoneBanking
Service or the Bank has ceased to offer the same.
Agrees that, with respect to joint accounts, telephone instructions given through the use
of the PhoneBanking Service will be binding upon the Customer when given by any one
of the joint Customers and the Bank shall be entitled to rely on the same as if each of the
joint Customers had expressly authorised such telephone instruction.
Understands and agrees that the Customer’s rights to give telephone instructions
pursuant to the Terms and Conditions herein shall at all times be subject to the discretion
of the Bank and that the Bank may at any time revoke such right without prior notice and/
or cancel the PIN at any time as the Bank deems appropriate for whatever reason without
prior notice.
Acknowledges that the Customer shall, in addition, be bound by the Account mandate
and the Master Account Terms and Conditions governing the types of Accounts in
connection with the PhoneBanking Service and in case of conflict between the said
account mandate and/or Master Account Terms and Conditions and these Terms
and Conditions, the latter shall prevail with respect to transactions conducted by the
telephone using the PhoneBanking Services.
(m) Agrees that the Bank shall keep a system-generated record of all transactions conducted
by the Customer using the PhoneBanking Service and that transaction and/or associated
charges (if any) will also be recorded on statements of Account, which will be sent to the
Customer at monthly intervals pursuant to the Master Account Terms and Conditions
unless otherwise requested.
(n)
Agrees to examine each Consolidated Statement of Account received from the Bank
to determine if there are any errors, discrepancies or unauthorised entries (which were
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