| 2 | Coverage under “Other Terms and Conditions” expanded to include other relevant terms and conditions of the Bank. |
| 3 | Removed definition of terms that are no longer applicable, including reference to “Sibor” and “CHR” (CPF Home Rate) since relevant interest rate benchmarks are already defined in the Letter of Offer. |
| 3.47 & 8.1 | Changes in Bank’s Prime Rate will be subject to notification period aligned to that of other interest rates of the Bank. |
7.2 & 7.3.1(b)
23.7.1
25.1.7
36.1.1 | Terms & conditions updated for alignment to that stated in the Letter of Offer and/or which is in use/practice:
- Release of Bridging Loan
- Sum insured %
- “Retirement Sum” instead of “Minimum Sum”
- Mailing Address definition
|
| 28.2.1 & 28.2.2 | Use of property clauses expanded to exclude sub-letting and use as co-living spaces or for commercial/business purposes. |
| 39 | Clauses under “DBS Privacy Policy” aligned to that in the Terms and Conditions Governing Accounts (16 Sep 2024). |
| 40.1 | Relevant clauses/sub-clauses under “Consent to Disclosure” expanded to cover consent for disclosure of customer information to subcontractors of outsourced service providers. |
| 43.2 | Coverage under “Compliance with Tax Requirements” expanded to include “Sanctions and Regulations”. |
