Wealth financing

1. If you use Wealth Portfolio Lending to reinvest, please be aware that: The prices of securities vary, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that you will incur losses rather than making profit when buying or selling securities.
2. Risk of using leverage: The high degree of leverage attached to the use of Wealth Portfolio Lending for reinvestment can lead to large losses (eg in the event we have to force sell your investment) as well as gains. The higher your leverage is, the bigger your losses can be in adverse market conditions.
3. Interest rate risk: Interest rate fluctuations may have an adverse impact on the value of your investments. In addition, where the interest rates by reference to which interests on your loan are calculated fluctuate, this may adversely affect the return on your investments. In particular, the cost of borrowing may equal to or exceed the actual return on your investments, resulting in loss in your principal investment.
4. Liquidity risk: You will need to retain sufficient liquid net worth to service your loan. Significant market events may place substantial stress on your liquidity position. Under certain market conditions you may have difficulties to sell your investments. In the event we have to force sell your assets, the price at which such sale is concluded may also be affected where there is no or little liquidity in the market for your investments and/or collateral.
5. Currency risk: If your loan and collateral are denominated in different currencies, there may be potential amplified loss liability if the borrowing currency appreciates or the collateral currency depreciates
6. Risks associated with margin requirements:
   1. For Wealth Portfolio Lending: Wealth Portfolio Lending is a secured loan and your Effective Limit as well as the required margin may vary from time to time, based on the advance ratio applicable to each type of Eligible Asset, and the fluctuation of the market value of all Eligible Assets as collateral securing your loan. Any cash and securities deposited with us will be charged, pledged and/or assigned to us. Any decrease in the market value of your Eligible Assets pledged as collateral can have an impact on the collateral value. If your collateral value decreases to a certain level (eg your net margin ratio drops below a certain level) or, if for any other reason (eg your outstanding loan exceeds the lesser of the credit limit or effective limit) the Eligible Assets used as collateral are deemed by the Bank to be insufficient to secure your credit exposure, you may rapidly be in a situation of margin shortfall. In this context, we may request you to provide additional cash or Eligible Assets on short notice, or sell securities to repay all or part of the loan ("Margin Call"). The amount of additional cash or collateral that we may request you to provide us may be substantial. While any loan provided by us to you remains outstanding, you may be restricted from selling or otherwise dealing with any cash or investments deposited with us. If you do not act promptly upon receiving of a Margin Call notice and do not take the required actions (such as providing additional cash or Eligible Assets, selling securities and/or repaying the loan) within the prescribed time, we may have various rights, including the right to sell part or all of your assets ("forced liquidation"), as well as to exercise set-off in relation to any cash that you have deposited with us, even in adverse market conditions. You will bear all losses and may remain liable to repay us any resulting deficit in your account (including interests) and any other amounts due from you to us. Using your loan for reinvestment purpose could expose you to significant losses. In the context of adverse market movements, you may incur losses in excess of your own initial funds and your investments, and you may be required to repay the loan in full. Finally, we may also exercise the right to sell part or all of any of your Eligible Assets used as collateral and/or dispose of part or all of the cash or other assets deposited with us and take any other legal action, without notice or demand. For example, we may have such right when due to adverse market conditions the market value of your assets drops significantly, your assets cease to be eligible for Wealth Portfolio Lending, or we need to reduce your potential exposure to unacceptable risks or heavy losses.
   2. For investment financing: You must provide us with an initial cash amount before subscribing for your investment. The required amount of initial cash is determined by us and can be varied by us from time to time, in our absolute discretion. Any cash and securities deposited with us will be charged, pledged and/or assigned to us. If the portfolio margin ratio for your investment exceeds a certain level (e.g. because of a decrease of value of your investment), we may request you to provide additional cash on short notice or sell securities to repay all or part of the investment loan ("Margin Call"). The amount of additional cash that we may request you to provide us may be substantial and exceed the amount of initial cash deposited with us. While any investment loan provided by us to you remains outstanding, you may be restricted from selling or otherwise dealing with any cash or investments deposited with us. If you do not act promptly upon receiving of a Margin Call notice and do not take the required actions (such as selling securities and/or repaying the investment loans) within the prescribed time, we may have various rights, including the right to sell part or all of your investments, as well as to exercise set-off in relation to any cash that you have deposited with us in connection with your investments ("forced sale"), even in adverse market conditions. You will bear all losses and may remain liable to repay us any resulting deficit in your account (including interests) and any other amounts due from you to us. Financing your investment with an investment loan could expose you to significant losses. As a result of adverse market movements, you may incur losses in excess of your own initial funds and your investments, and may be required to repay the Investment Loans in full. We may have the right to sell, at our absolute discretion, part or all of any of your investments and/or appropriate and/or dispose of part or all of the cash or other assets deposited with us and take any other legal action, without notice or demand. For example, we may have such right when due to adverse market conditions the market value of your investments drops significantly and/or your investments cease to be eligible for Investment Financing and/or we need to cover any shortfall and/or reduce your potential exposure to unacceptable risks or heavy losses and/or where you have not complied with your obligations in relation to Investment Financing.

1. To apply for Insurance Premium Financing, the Policy must be assigned to us by an Assignment of Life Insurance. Once you have agreed and signed the Assignment of Life Insurance, the rights under the Policy, including but not limited to your right to cash withdrawal, are transferred to us. As such, any changes or amendments to the Policy (including but not limited to cancel from inception, surrender, application for loans, cash withdrawal and transfer of ownership under the Policy) will be subject to our approval.
2. Where the loan is still outstanding when the policy benefits are payable under the Policy, the benefits are used to repay the outstanding loan balance first, with the remaining amount, if any, paid to you or your beneficiary(ies). You or your beneficiary(ies) may not receive any money if there is no remaining amount. You should consider the impact on you or your beneficiaries who are likely to receive lower entitlements if you opt for Premium Financing.

For detailed risk disclosures, please kindly refer to the offering documents for further details including fees, charges and risk factors.