Terms & Conditions governing the Complimentary Priority Pass™ Membership with CONNECT Welcome Gift Promotion (“Promotion”)
The promotion period shall be from18 January 2019 to 18 May 2019 (both dates inclusive), or such other period(s) as may be determined by Crossbridge Capital Asia Pte Ltd (“Crossbridge”) in its absolute discretion (the “Promotion Period”).
This Promotion is applicable to new clients of CONNECT who have not ceased his/her CONNECT account within the last 12 months, from the date of the promotion period as well as existing clients of CONNECT. To become a client of CONNECT, you should be at least 18 years of age and an Accredited Investor according to Singapore regulations. See the Account Opening FAQs for further guidance on residency requirements.
3.a. New CONNECT Clients who invest at least S$88,000 or equivalent in a foreign currency in fresh funds
3.b. Existing CONNECT Clients who top up at least S$88,000 or equivalent in a foreign currency in fresh funds
3.c. Maintain the investment for at least 12 months (“Minimum Maintenance Period”) from the date of placement of the fresh funds in any CONNECT portfolios listed on item 4 and as the primary account holder for the purpose of the Promotion.
Eligible CONNECT portfolios include the following: Conservative, Balanced, Aggressive and Aggressive Plus.
The Promotion is not valid with any other promotion or offers held or conducted by Crossbridge.
Crossbridge reserves the right to substitute the welcome gift with an item of similar value.
Crossbridge reserves the right to debit the value of the welcome gift rewarded should the CONNECT Client fail to keep the Minimum Maintenance Period or to charge the CONNECT Client the full value of the welcome give awarded.
Each CONNECT Client will only be entitled to receive a maximum of one welcome gift regardless of how much investments in fresh funds the CONNECT Client deposits within the Promotion Period.
Crossbridge reserves the right to make any changes where it deems necessary in its absolute discretion to these Terms and Conditions at any time without giving prior notice. The decision of Crossbridge on all matters relating to the Promotion shall be final and binding on all customers.
In the event of any inconsistency between these Terms and Conditions and any brochure, marketing or promotional material relating to the Promotion, these Terms and Conditions shall prevail.
Crossbridge shall not be responsible for the quality, merchantability or fitness for any purpose or any other aspects of the gift. Notwithstanding anything herein, Crossbridge shall not at any time be responsible or held liable for any defects or malfunction in any gift, and/or for any loss, injury, damage or harm suffered or incurred by or in connection with the use of any gift by any person.
A person who is not a party to any agreement governed by these terms and conditions shall have no right under the Contracts (Rights of Third Parties) Act (Cap 53B) to enforce any of these terms and conditions.
These terms and conditions shall be governed by the laws of Singapore and the CONNECT Client irrevocably submits to the non-exclusive jurisdiction of the courts of Singapore.
Complimentary Priority Pass™ Membership
The Complimentary Priority Pass™ Membership can only be awarded to the CONNECT Account holder
Processing of the Priority Pass™ Membership takes 2-3 weeks upon receipt of the application by Priority Pass Ltd. Crossbridge Capital shall mail the Priority Pass™ membership to the address on record.
Each CONNECT Client is limited to 10 complimentary member lounge visits per 12-month membership period. Starting from the date the membership card is issued.
A fee of US$32 per person per visit will be charged to the credit card on record (written at the time of the application) directly by Priority Pass Ltd for additional visits in excess of the 10 complimentary member lounge visits and any guest visits within each 12-month membership period.
whose net personal assets exceed in value $2 million (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe in place of the first amount;
whose financial assets (net of any related liabilities) exceed in value $1 million (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe in place of the first amount, where “financial asset” means —
(BA) a deposit as defined in section 4B of the Banking Act;
(BB) an investment product as defined in section 2(1) of the Financial Advisers Act; or
(BC) any other asset as may be prescribed by regulations made under section 341; or
whose income in the preceding 12 months is not less than $300,000 (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe in place of the first amount;
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