BCIP terms and conditions - OCBC Bank

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TERMS AND CONDITIONS GOVERNING THE BLUE CHIP INVESTMENT PLAN2. APPOINTMENT2.1 ExecutionThe Customer appoints OCBC Bank to carry out the Purchase Instructions and Sale Instructions in connection with the BCIPand all other necessary actions set out in these Terms & Conditions.2.2 Custodian / NomineeThe Customer agrees that OCBC Bank will appoint OSPL to maintain an omnibus sub-account, which will be used for thecustody on an aggregated basis, of the Securities holdings of all Customers which have settled their trades via cash from theirdeposit accounts with OCBC Bank. The Securities holdings of Customers who have settled their trades using money from SRSwill be kept in an omnibus sub-account in the name of “OCBC Nominees Singapore Private Limited”.3. LIST OF SECURITIES3.1 Non-DependenceThe List of Securities does not take into account the specific investment objectives, financial situations, or needs of anyCustomer and hence, is not to be construed as investment advice or a recommendation by OCBC Bank. Each Customeracknowledges and agrees that it is their responsibility to consider whether a Security is suitable for them (bearing in mind theirfinancial situation, investment experience and investment objectives) before selecting any Security from the List of Securitiesfor purchase. No representation or warranty is given by OCBC Bank on any Security listed within the List of Securities. OCBCBank shall not be responsible for any loss or damage whatsoever arising, directly or indirectly in connection with or as a resultof any Customer’s purchase of Securities pursuant to the BCIP.3.2 Addition, Replacement and Removal of SecurityOCBC Bank reserves the right to add, replace or remove the name of any Security from the List of Securities from time to timeat its sole discretion without notice. If the name of any Security is removed from the List of Securities (the “Removed Security”),OCBC Bank shall have the right (but is not obliged) to reject any Purchase Instruction relating to the purchase of suchRemoved Security if such Purchase Instruction is received by OCBC Bank on or after the date (the “Deletion Date”) the nameof the Removed Security is deleted from the List of Securities. For the avoidance of doubt, OCBC Bank will continue to carryout any Purchase Instruction for the purchase of any Removed Security so long as such Purchase Instruction is received byOCBC Bank prior to the Deletion Date unless OCBC Bank receives written notice in accordance with these Terms andConditions that the prevailing Purchase Instructions is no longer valid.4. PURCHASE INSTRUCTION4.1 Purchase InstructionThe Purchase Instruction shall be provided by the Customer to OCBC Bank when the Customer completes the relevant sectionwithin the Blue Chip Investment Plan Application Form and such form is received by OCBC Bank on or prior to 12 p.m. on theCut-Off Date for approval. Customers will be notified whether their Purchase Instruction has been approved by OCBC Bank.Once approved, the Purchase Instruction shall take effect from the first calendar month following such approval. Once thePurchase Instruction is effected, such Purchase Instruction shall prevail unless OCBC Bank receives written notice from theCustomer in accordance with these Terms and Conditions that the Purchase Instruction is no longer valid.4.2 Amended Purchase InstructionThe Customer can amend any Purchase Instruction from time to time by completing the relevant sections in the “Blue ChipInvestment Plan Amendment Form” (the “Amended Purchase Instruction”), available online via the OCBC Online Banking, andthe Amended Purchase Instruction is received by OCBC Bank on or prior to 12 p.m. on the Cut-Off Date for approval.Customers will be notified whether their Amended Purchase Instruction has been approved by OCBC Bank. Once theAmended Purchase Instruction is effected, the Amended Purchase Instruction shall take effect from the first calendar monthfollowing such approval, and such Amended Purchase Instruction shall prevail unless OCBC Bank receives written notice fromthe Customer in accordance with these Terms and Conditions that the Amended Purchase Instruction is no longer valid.4.3 Stop Monthly InvestmentThe Customer can terminate any prevailing Purchase Instruction from time to time by completing the relevant sections in theBlue Chip Investment Plan Amendment Form (the “Stop Monthly Investment”) available online via OCBC Online Banking andsubmitting the Stop Monthly Investment to OCBC Bank. Unless otherwise notified by OCBC Bank, any Stop MonthlyInvestment received by OCBC Bank on or prior to 12 p.m. on the Cut-Off Date will apply with effect on the same calendarmonth.Co.Reg.No.: 193200032W Page 2 of 8
TERMS AND CONDITIONS GOVERNING THE BLUE CHIP INVESTMENT PLAN4.4 FeesOCBC Bank reserves the right to impose fees on the Customer for the successful processing of any Amendment PurchaseInstruction and/or any Stop Monthly Investment. The quantum of fees chargeable (if any) shall be determined by OCBC Bankfrom time to time at its absolute discretion.5. FEES, CHARGES AND CONFIRMATIONS5.1 Fees and ChargesFees and charges for the BCIP service shall be levied in accordance with OCBC Bank’s prevailing rates. A copy of the chargescan be obtained from www.ocbc.com/bluechip.The Customer shall, on demand pay all of OCBC Bank’s fees, and other charges for the BCIP service at such rates and in suchmanner as OCBC Bank may impose and stipulate from time to time.OCBC Bank may, from time to time and at its absolute discretion, revise the prevailing rate and/or amount of any charges orfees payable by the Customer in connection with the BCIP service.5.2 CostsOCBC Bank shall be entitled from time to time, to enter into soft commission arrangements with any of the brokers, agents oraffiliates whereby OCBC Bank will receive benefits from such parties or a portion of the charges, commission or fees paid.Such benefits shall not be accountable to the Customer and OCBC Bank shall be entitled to retain such benefits.All costs and expenses (including legal costs on a full indemnity basis, registration fees and all other costs and expensesincurred in connection with the provision of the BCIP service) incurred by OCBC Bank under these Terms and Conditions shallbe payable by the Customer to OCBC Bank on demand.5.3 ConfirmationsTo the extent that OCBC Bank deems necessary, OCBC Bank shall issue Confirmations to the Customer after the execution ofeach Purchase Instruction and/or Sale Instruction and such other statements of Contracts carried out and outstanding inrelation to these Terms and Conditions from time to time at such intervals as OCBC Bank may deem necessary.The Customer shall examine all entries in all Confirmations and statements of Contracts sent to the Customer and reportpromptly to OCBC Bank any error or omission therein. The Customer agrees that if no objection in writing to the contents in anyConfirmation and/or statements of Contracts is received by OCBC Bank within 7 calendar days from the date of theConfirmations and statements of Contracts (or such period as OCBC Bank may determine), the Customer shall be deemed tohave accepted the accuracy of the Confirmations and statements of Contracts and the Customer shall be stopped fromdisputing the truth and accuracy of the Confirmations and statements of Contracts. All Confirmations shall be final, conclusiveand be binding on the Customer, in the absence of manifest error.Notwithstanding the above, OCBC Bank shall have the right to make adjustments at any time and/or from time to time to thecontents of the Confirmations and/or statements of Contracts if there is any error or omissions therein.6. RESTRICTIONS6.1 Minimum Purchase AmountThe purchase of Securities pursuant to the BCIP is subject to a minimum purchase amount of S$100 per Security, and can beincreased in multiples of S$100. OCBC Bank reserves the right to revise the minimum purchase amount for any Security fromtime to time at its sole discretion without notice.7. PAYMENT FOR SECURITIES7.1 GIRO DeductionFor Customers who elect to pay for their Securities using “Cash” as a mode of settlement, a sum equal to aggregate of theGross Investment Amount for all Securities selected by the Customer will be deducted via GIRO from the Customer’s depositaccount (opened with OCBC Bank) on the 15 th day of each calendar month. If the 15 th day of the calendar month does not fallon a Business Day, the GIRO deduction will be made one Business Day prior to the 15 th . Customers will need to ensure thereare sufficient funds in the relevant deposit account 2 Business Days prior to the GIRO deduction date. OCBC Bank will onlyprocess a Customer’s Purchase Instruction if the GIRO deduction from the Customer’s deposit account (opened with OCBCBank) is successful. If the GIRO deduction is unsuccessful (either in part or in full), OCBC Bank has the right (but not theobligation) to either not process the Customer’s Purchase Instruction, or to only process it in part.Co.Reg.No.: 193200032W Page 3 of 8
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BCIP terms and conditions - OCBC Bank

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