Secured Credit

¹ Should your credit limit be secured by a combination of eligible assets attracting different interest rates, the Bank will first apply the lowest of these interest rates until the credit limit corresponding to this particular type of eligible assets has been utilised. Thereafter the next lowest interest rate will be applied, and so on. The security over the eligible assets in your Integrated Account as created under the Integrated Account Terms and Conditions will attach to the eligible assets in accordance with the aforesaid order of priority (i.e. eligible assets attracting the lowest interest rate will be attached first, followed by eligible assets attracting the next lowest interest rate and so on). Further, where there are more than one type of eligible assets in your Integrated Account which attract the same interest rate, the security will attach to the respective types of eligible assets in accordance with the order in which such eligible assets are listed in this table.
² The eligibility and relative percentage of the value (credit-to-asset ratio) of the eligible assets listed for inclusion in the calculation of the available credit limit shall be as determined by the Bank from time to time. The Bank may at its discretion add or remove the eligible assets listed from such eligibility, or increase or reduce the eligible percentage of the value thereof without prior notice.
³ In the event that the eligible assets subject to the security under your Secured Credit Facility include your Hong Kong dollar time deposits/Deposit Plus (in Hong Kong dollars deposit currency) and the deposit interest rate applicable to such deposits plus 0.5% is higher than the debit interest rate specified above, the higher rate will be applied to your credit limit corresponding to such eligible assets for calculating interest.
⁴ Including but without limitation to Capital Protected Investment Deposits.
⁵ Locally quoted shares, locally quoted unit trusts, equity linked notes or equity linked investment and bonds and certificates of deposit are those deposited with the Bank in your Integrated Account whether or not registered in your name or in the name of any other person (including the Bank) as nominee.
⁶ Excluding warrants and derivatives.
⁷ Authorised by the Securities and Futures Commission.
⁸ If the pledged asset is in any currency other than HKD, valuation of the effective limit will be referenced to a rate of exchange selected at the Bank's sole discretion acting reasonably in good faith.
⁹ The Loan Ratio is subject to the Risk Rating level. Loan Ratio for Gold (Wayfoong Statement Gold) is removed from 20 Dec 2019.

¹⁰ Assets pledged to the Bank subject to any other security, or subject to any court or other order may not be included in the effective limit calculations.

¹¹ Interest is calculated on the basis of actual number of days elapsed and 365 days in a year (or 366 days in a leap year).
¹² The interest will be debited from the account on the 28th of each month. If the date falls on Sunday or public holiday, interest will be debited on the preceding working day.
¹³ Please note that we do not appoint any third parties to refer Secured Credit applications to us and will not process any application that was referred by a third party under beneficial arrangement. For enquiry, please call our hotline at 2233 3000.

(If there is any discrepancy between English and Chinese versions, the English version shall prevail.)