Terms and Conditions for ProsperUs Referral Campaign (the “Campaign”)
- This Campaign is organised by CGS International Securities Singapore Pte. Ltd. (“CGS SG”) and is valid from 01 September 2024 to 31 December 2024 (both dates inclusive) (the “Campaign Period”).
- Subject to paragraph 3 below, this Campaign is open to all clients of CGS SG with a ProsperUs global investment account (“ProsperUs Account”) with CGS SG during the Campaign Period who successfully refer one (1) or more clients to open a new ProsperUs Account with CGS SG during the Campaign Period (each a “Referrer”, and each client referred by a Referrer to open a new ProsperUs Account with CGS SG during the Campaign Period by entering a Referrer’s Referral Code (as defined herein) in the referral code field during the account opening process, a “Referee”) and all Referees. Every client of CGS SG with an active ProsperUs Account is assigned a referral code (the “Referral Code”) which is a unique 7-character code which can be retrieved by the client through the client portal on the ProsperUs website.
- Clients of CGS SG who closed their ProsperUs Account(s) at any time during the 12-month period prior to 01 September 2024 shall not be eligible to participate in this Campaign, and none of the rewards under this Campaign will be awarded in respect of these clients.
- The table below sets out a summary of the rewards which Referrers and Referees will receive, provided that the relevant requirements in these terms and conditions are satisfied:
Action Reward(s) For Referee For Referrer (1) Referee to complete two (2) Eligible Transactions (as defined below) Cash credits of SGD30 and Ryde Cash Credits of SGD30 (Trading Reward (as defined below))
Cash credits of SGD30
(Referral Reward (as defined below))For the avoidance of doubt, the Referrer will receive up to one (1) Referral Reward per Referee for the entire duration of the Campaign Period.(2) Referee to complete three (3) additional Eligible Transactions Cash credits of SGD60 and Ryde Cash Credits of SGD60 (Booster Reward (as defined below))
Not applicable - For the avoidance of doubt, Referees who themselves become Referrers shall be entitled to receive the Referral Reward under this Campaign, provided that the relevant requirements in these terms and conditions are satisfied.
Rewards for Referrers
- A Referrer will receive rewards in the form of cash credits of SGD30 in total where his or her Referee executes two (2) Eligible Transactions, up to a maximum of two (2) Eligible Transactions per Referee for the entire duration of the Campaign Period, provided that his or her Referee(s) satisfies the trading conditions set out below. There is no limit on the number of Referee(s) that a Referrer can refer pursuant to this Campaign.
- The cash credits awarded under the Referral Reward shall be credited into the Referrer’s ProsperUs Account within 21 calendar days from the execution date of the relevant Referee’s second Eligible Transaction.
Rewards for Referees
- Referees will receive cash credits in Singapore Dollars and Ryde Cash Credits in respect of the transaction(s) in any market executed by the Referee using their ProsperUs Account during the Campaign Period (the “Eligible Transactions”), up to a maximum of five (5) Eligible Transactions per Referee for the entire duration of the Campaign Period, provided that the trading conditions applicable to each Eligible Transaction set out below are satisfied.
- Referees will receive rewards in the form of: (i) cash credits of SGD30 and Ryde Cash Credits of SGD30 in total for the first two (2) Eligible Transactions executed by the Referee (“Trading Reward”), and (ii) in addition to the Trading Reward, cash credits of SGD60 and Ryde Cash Credits of SGD60 in total for the next three (3) Eligible Transactions executed by the Referee (“Booster Reward”), provided that each Eligible Transaction satisfies the trading conditions below:
- the Eligible Transaction must either be a buy trade executed on any exchange, or a transaction in contracts for difference (CFD), foreign exchange products or options contracts.
- if the Eligible Transaction is a buy trade executed on the Singapore Exchange, the minimum trade value of the Eligible Transaction shall be SGD1,000; and
- the Eligible Transaction shall not include any crypto foreign exchange products.
- Cash credits awarded under the Trading Reward and/or Booster Reward shall be credited into the Referee’s ProsperUs Account within 30 calendar days from: (i) in respect of the Trading Reward, the execution date of the Referee’s second Eligible Transaction; and (ii) in respect of the Booster Reward, the execution date of the Referee’s fifth Eligible Transaction.
- Ryde Cash Credits are non-transferrable and cannot be converted into cash or otherwise exchanged for value.
- Each participant in this Campaign agrees and acknowledges that:
- The Ryde Cash Credits earned are subject to the terms and conditions of Ryde Technologies Pte. Ltd. (“Ryde Technologies”);
- The redemption of rewards using Ryde Cash Credits including, but not limited to, the type of rewards that can be redeemed using Ryde Cash Credits and the amount of Ryde Cash Credits required to redeem any rewards, shall be decided by Ryde Technologies at its sole and absolute discretion; and
- Only Referees who are residing in Singapore according to the residential address provided by the Referee when opening the ProsperUs Account are eligible to receive Ryde Cash Credits.
- CGS SG will provide Referees who are entitled to receive Ryde Cash Credits pursuant to the Trading Reward and/or Booster Reward with instructions for the redemption of the Ryde Cash Credits, by way of email to the email address provided by the Referee when opening the ProsperUs Account, within 30 calendar days from: (i) in respect of the Trading Reward, the execution date of the Referee’s second Eligible Transaction; and (ii) in respect of the Booster Reward, the execution date of the Referee’s fifth Eligible Transaction.
Additional Rewards
A. Free Market Data Subscription
- Participants who subscribe to SGX Level 2 Market Data via their ProsperUs Account during the Campaign Period shall be entitled to receive complimentary access to SGX Level 2 Market Data for the remaining duration of the Campaign Period. The said subscription will automatically expire after the Campaign Period, unless the client applies for SGX Level 2 Market Data on a paid subscription basis.
- As an additional benefit, participants will be rewarded with free level 1 market data subscription for US stocks (more particularly described below) during the Campaign Period.
- The free level 1 market data subscription for US stocks that would be made available to participants consists of the following exchanges:
o NASDAQ;
o New York Stock Exchange (NYSE);
o American Stock Exchange (AMEX); and
o NYSE Arca.
B. Promotional Commission Rates – Singapore Exchange
- Participants who successfully open a new ProsperUs Account with CGS SG within the Campaign Period shall also be eligible to receive a promotional commission rate for their trades on the Singapore Exchange, which is also being extended to all existing clients of CGS SG with a ProsperUs Account.
- The table below illustrates the promotional commission rate for trades on the Singapore Exchange:
Exchange Rookie All-star Hall of Fame Singapore Exchange 0.06% of the trade value (no minimum commission) 0.06% of the trade value (no minimum commission) 0.06% of the trade value (no minimum commission) - All other commission rates which can be found at https://www.prosperus.asia/pricing/ (as amended, modified and/or supplemented from time to time) will continue to apply during the Campaign Period. All other fees including, but not limited to, clearing fees, SGX trading and settlement fees and goods and services tax, shall continue to be borne by the participants.
Other Terms and Conditions
- The rewards from this Campaign can be earned in conjunction with the rewards from any other ongoing campaigns if stated in the terms and conditions of such campaign(s).
- CGS SG’s employees, representatives and agents are not eligible to participate in this Campaign.
- Although CGS SG shall endeavour to distribute the rewards promptly, CGS SG shall not be responsible for any delays whatsoever nor shall there be any compensation payable in respect of any such delays. CGS SG shall be entitled in its sole and absolute discretion to forfeit the rewards or disqualify any participant from participating in this Campaign.
- CGS SG reserves the right to withdraw or substitute the rewards with other items (but shall not be under any obligation to do so) without prior notice and without assigning any reason.
- By participating in this Campaign, each participant is deemed to have read, understood and agreed to be bound by the foregoing terms and conditions of the Campaign, the CGS SG General Terms and Conditions, and the terms and conditions of any other agreement(s) that the participant has entered into with CGS SG (each as amended, modified and/or supplemented from time to time).
- CGS SG reserves the right in its sole and absolute discretion to terminate, vary, delete or add to any of the Campaign’s terms and conditions herein, at any time without prior notice and without having to disclose any reason therefore and without any payment or compensation whatsoever to the participant.
- CGS SG and its affiliates, and their respective employees, directors, officers, representatives and agents shall not be liable to any person for any loss, damage, injury, costs or expenses incurred, suffered, borne or arising from this Campaign.
- The decision of CGS SG on all matters relating to or arising from this Campaign (including the eligibility of any trade to be considered within the scope of this Campaign, and the eligibility of any person to participate in this Campaign) is absolute, final and binding and no correspondence and/or requests to retract and/or modify any such decisions shall be considered. In the event of any inconsistency between these terms and conditions and any marketing material relating to this Campaign, these terms and conditions shall prevail.
- CGS SG reserves the right to modify, terminate or suspend this Campaign for any reason and without any prior notice whatsoever.
- These terms and conditions are governed by and interpreted according to the laws of Singapore and the participants in this Campaign agree to submit to the exclusive jurisdiction of the courts of Singapore.
- This Campaign shall not be construed as an offer, recommendation or solicitation to buy or sell any securities. The participants are advised to make their own independent evaluation and to consult their professional advisers before undertaking any transaction.
- Any person who is not a participant shall not have any rights under the Contracts (Rights of Third Parties) Act 2001 of Singapore to enforce or benefit from these terms and conditions.
CP104/2024