DEPOSIT PROMOTION TERMS AND CONDITIONS

The Promotion

  1. This “ECM Libra Investment Bank Deposit Promotion” (“the Promotion”) is organised by ECM Libra Investment Bank Berhad (Co. No. 682-X) (“the Bank”) and shall run from 3 January 2012 to 30 March 2012 (or any other dates as may be determined by the Bank in its absolute discretion) (“the Promotion Period”), both dates inclusive. 
  1. Subject to the terms and conditions herein contained and contained in the Product Disclosure Sheet (as defined in item (4) hereof), all new or existing Client(s) (as defined in item (5) hereof) shall enjoy the promotional interest rate of 3.50% p.a. (”Promotional Rate”) on all New Deposit (as defined in item (7) hereof) during the Promotional Rate Period (as defined in item (8) hereof). Upon expiry, suspension or termination of the Promotional Rate Period, the interest rate shall revert to the interest rate as set out in the Bank’s website or as per rates quoted by Treasury dealers of the Bank.  
  1. For the avoidance of doubt, for existing Client(s), all existing placement of Deposit(s) (as defined in item (6) hereof) shall continue to be maintained with the Bank throughout the Promotion Period in order to entitle the existing Client(s) to be eligible to the Promotional Rate for New Deposit. 

 

Definition 

  1. Product Disclosure Sheet shall mean the handout containing the terms and conditions relating to the Deposit(s), a copy of which has been furnished to the Client(s) and the Client(s) acknowledges the receipt and the contents of the Product Disclosure Sheet. 
  1. Client(s) shall be all new or existing retail client(s) who places New Deposit (as defined in item (7) hereof).
  1. Deposit(s) shall refer to all moneys of the Client(s) placed with the Bank or maintained by the Client(s) with the Bank,.  
  1. New Deposit shall refer to Deposit(s) of at least a minimum amount of RM65,000.00 which is placed with the Bank during the Promotion Period. 
  1. Promotional Rate Period means the period of one (1) calendar month during the Promotion Period, commencing on the day when the New Deposit is placed with the Bank.

 

Eligibility  

  1. The Bank reserves the right to disqualify any Client(s) from this promotion where:
    1. the Client(s)’ account is closed by the Bank for any reason whatsoever;
    2. the Client(s) has committed or is suspected of committing any breach, fraudulent, misleading, deceptive or wrongful acts in relation to the New Deposit or any other Bank services or facilities;
    3. the Client(s) has engaged in or is suspected of engaging in any acts damaging to the goodwill or reputation of the Bank; and/or
    4. the Client(s) has breached any of the Terms and Conditions prescribed here.

 

Limitation of Liability 

  1. The Bank expressly excludes and disclaims any representations, warranties, or endorsements, expressed or implied, written or oral.  
  1. The Bank shall not be liable for any loss or damage arising in connection with the Promotion, including but not limited to any act or omission relating to any Client(s)' participation howsoever caused, any breakdown or malfunction in any computer system or equipment and any notice which is misdirected or lost in the post.
  1. Each Client(s) is deemed to have waived any right he/she/they may have against the Bank and its officers, servants, employees, representatives and/or agents, in respect of any loss or damages (including, without limitation, loss of income, profits or goodwill, indirect, incidental, consequential, exemplary, punitive or special damages of any party including third parties and/or any other adverse consequences) howsoever arising whether in contract, tort, negligence or otherwise, in connection with the Promotion.

 

Miscellaneous

  1. This Promotion is not applicable in conjunction with any other on-going or future promotions offered by the Bank. 
  1. The Bank’s decisions on all matters relating to the Promotion, including the interpretation of these Terms and Conditions, any variations, amendments, substitutions, additions whatsoever thereto shall be final and binding and no further correspondence or attempt to dispute such decisions will be entertained.  
  1. The Bank reserves the right to extend, cancel, terminate or suspend the Promotion without prior notice or assigning any reason for it. For the avoidance of doubt, any extension, cancellation, termination or suspension by the Bank of the Promotion shall not amount to a breach / fraud / misrepresentation etc and the Client(s) shall not be entitled to any claim in respect thereof.  
  1. Without prejudice to the terms and conditions herein contained, the Client(s) expressly and irrevocably permit and authorise the Bank to disclose, reveal and divulge information regarding their particulars to the parties involved in the Promotion for the purposes of the Promotion.                             
  1. By participating in this Promotion, the Client(s) expressly agrees to be bound by these Terms and Conditions and the decisions of the Bank.
  1. The Bank reserves the right at its absolute discretion to vary, delete or add to any of these Terms and Conditions from time to time without notice, without assigning any reason. These Terms and Conditions may be modified, added, deleted or varied by the Bank by way of posting on the Bank’s website which will be deemed as sufficient notice. Continued participation in the Promotion will be taken as consent from Client(s).  
  1. The Bank’s decision not to enforce a specific condition does not constitute a waiver of that condition or of any of the other Terms and Conditions in general.
  1. Unless stated otherwise, these Terms and Conditions shall prevail over any provision or representation contained in any other Promotion materials advertising the Promotion.