Terms and conditions of DBS Foreign Exchange Loyalty Programme ("the Programme"):

  1. The Programme is only applicable to selected corporate customers of DBS Bank Ltd. ("the Bank", which expression shall include its successors and assigns) who receive this direct mailer ("Customer").
     
  2. The promotion period of the Programme is from 5 August 2019 to 31 December 2019 (both dates inclusive).
     
  3. "Eligible FX Amount" is the notional amount of any FX transaction successfully exchanged from one currency into another currency with the Bank within the promotion period and converted into Singapore dollars at the Bank's prevailing exchange rates at the time of relevant transaction. The amount is calculated according to and based on the Bank's records, and is final.
     
  4. The Programme does not apply to any FX transactions that are, in the sole and absolute discretion of the Bank, entered into in connection with, or packaged with, a deposit.*
    • * "FX transaction" means all foreign exchange transactions including without limitation, spot, forward and value same day deals and roll-over/extended maturity forward foreign exchange contracts.
       
  5. Reward points are only awarded to FX transactions conducted via Dealers and "DealOnline" FX platform channel.
     
  6. " FX Target Amount" is assigned by the Bank to a particular Customer and is stated in the direct mailer (as determined by the Bank in its sole discretion).
     
  7. Customers with "Eligible FX Amount" equal to or greater than the designated " FX Target Amount" ("Eligible Customers") shall be entitled to earn reward points for every SGD$2,000 "Eligible FX Amount", after meeting the designated " FX Target Amount" at:
    1. 4 reward points via "DealOnline" FX platform transactions
    2. 1 reward point via transactions made through Dealers
       
  8. Customers will be informed at regular intervals about the points balance and gift redemption details at the authorized email address provided. The authorized email address is the email address used by Customer to apply for the Programme.
     
  9. Eligible Customers can redeem the reward points earned for gifts after the Programme.
     
  10. Eligible Customers will be informed about points redemption details by January 2020. Gift selection details will be announced on https://www.dbs.com.sg/sme/treasury/fxloyalty.page, and Eligible Customers can also submit their gift selection request through this webpage during the gift selection request period ("Gift Selection Request Period").
     
  11. "Gift Selection Request Period" of the Programme will be from 1 January 2020 to 31 January 2020*.
    • * If no gift selection request is received from Eligible Customers after the Gift.
      Selection Request Period, all reward points accumulated will be automatically converted to the corresponding amount of shopping voucher(s) of such vendor to be determined by the Bank, on the basis of 400 reward point = 20 SGD.
  1. Customers eligible for the gifts will be informed about the gift collection details after the "Gift Selection Request Period by February 2020.
     
  2. The appropriate reward points will be deducted from Eligible Customers' account upon receipt of a gift selection request and will not be returned under any circumstances. Any reward points which remain and are insufficient to be converted to shopping voucher after the end of the Gift Selection Request Period shall be cancelled.**
    • **The minimum number of reward points applicable for the conversion to shopping voucher after the end of the Gift Selection Request Period is 400 points.
  1. All reward points required for gift redemption are not transferrable and must be earned by the same Customer under the same account; the pooling of reward points from a different Customer's account is not permitted.
  1. The Bank reserves the right to change the gifts available for redemption at any time, in its sole discretion.
     
  2. The Bank's decision on all matters relating to the Programme will be final and binding on all parties. No correspondence or claims will be entertained. The Bank reserves the right to revise or terminate the Programme at any time without prior notice or liability to any party. In case of disputes, the Bank's decision shall be final and conclusive.
     
  3. Each Customer confirms that it is lawfully providing any personal data for the Bank to use and disclose for the purposes of: (i) providing products or services to that Customer, whether in connection with this Programme or otherwise: (ii) meeting the operational, administrative and risk management requirements of DBS Group Holdings Ltd. and its related corporations ("DBS Group"): and (iii) complying with any requirement, as DBS Group reasonably deems necessary, under any law or of any court, government authority or regulator.
     
  4. These terms and conditions are governed by, and shall be construed in accordance with, the laws of Singapore.

 

The Programme is intended for selected corporate customers of DBS Bank Ltd and it does not constitute an offer or a recommendation to enter into any transaction. The promotional materials have not been reviewed by any regulatory authority in Singapore. Foreign exchange transactions involve risk. Changes in exchanges rates can be unpredictable, sudden and large. Any investment decision is yours and before making any investment decision, you should assess your own financial situation, investment experience, investment objectives, willingness and ability to bear risks, and understand the nature and risks of any transactions. If in doubt, you should seek advice from independent professional advisers.