Terms and Conditions for Standing Instruction ("SI") Set up

  1. This SI is subject to acceptance by the Bank. Once accepted by the Bank, it will take at least 3 Bank Business Days from the date of receipt of this SI by the Bank for its implementation.
  2. Setting up of this SI will be subject to a fee as determined by the Bank from time to time. For details, please refer to the Bank Charges Schedule.
  3. If this SI involves currency exchange, the Bank will conduct the currency exchange based on the foreign exchange rate applicable at the time of execution of the SI.
  4. This SI will only be executed on Bank Business Days (as defined in the Bank Accounts and Services Terms and Conditions / the Terms and Conditions Governing Accounts (Business/Non-Individuals), as the case may be).
  5. If any Payment Date shall fall on a Saturday (except where that Saturday is the last working day of that month) or a general holiday, execution of this SI shall be postponed to the next Bank Business Day, but if the payment cycle for this SI is specified to be daily execution, the transfer scheduled to be made on that Payment Date WILL NOT be executed. If such day is a Saturday that is the last working day of that month, this SI will be executed according to clause 6.
  6. If any Payment Date falls on the last working day of the month that is a Saturday, the SI will be executed on the preceding Bank Business Day.
  7. If any Payment Date shall fall on a day that is originally a Bank Business Day but the Bank is not opened for business for the full day (e.g. a day on which typhoon signal no.8 is hoisted or black rainstorm warning is issued), the transfer scheduled to be made on that Payment Date WILL NOT be executed, except for SI for same foreign currency TF.
  8. If the final Payment Date falls on a non Bank Business Day, the transfer scheduled to be made on that Payment Date WILL NOT be executed, except where such day falls on the last working day of the month that is a Saturday, this SI will be executed according to clause 6.
  9. SI involving RMB exchange may be subject to a daily limit as promulgated from time to time by the relevant regulatory authority in Hong Kong.
  10. If the Bank is unable to execute this SI due to insufficient funds in the debit account on any Payment Date, this SI will be terminated and any uncompleted instructions under this SI will not be executed. The Bank shall charge an administration fee as determined by the Bank from time to time. For details, please refer to the Bank Charges Schedule.
  11. The Bank will not issue advices for each transfer executed under this SI. Customers may refer to the monthly statement or passbook for details of the transfers.
  12. Any notice of cancellation or amendment of this SI shall be given in writing and must be received by the Bank at least 3 Bank Business Days prior to the date on which such cancellation/variation is intended to take effect. Cancellation or amendment of this SI will be subject to a fee as determined by the Bank from time to time. For details, please refer to the Bank Charges Schedule.
  3 May 2015.