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Notification in relation to Deposit
Protection Scheme
The Deposit Protection Scheme (the "Scheme")
established under the Deposit Protection Scheme
Ordinance (Cap. 581 of the Laws of Hong Kong)
(the "DPS Ordinance") has started
providing deposit protection in respect of
certain deposits to depositors on 25 September
2006. We are pleased to inform you that Public
Bank (Hong Kong) Limited is a member of the
Scheme and as such eligible deposits taken by
our Bank are protected by the Scheme up to a
limit of HK$100,000 per depositor[1].
Eligible deposits include[2]
Hong Kong dollar or foreign currency savings
deposits, time deposits and deposits in current
accounts.
Please however note that the DPS Ordinance has
excluded certain categories of deposits from
protection under the Scheme. In this
connection, we would like to point out that the
following deposits / financial products offered
by our Bank are not protected deposits under the
DPS Ordinance and are not protected by the
Scheme :
1.
Time
deposit with maturity longer than 5 years;
2.
Premium Deposit & Equity-linked Notes;
3. Pledged or Charged deposit, regardless of the
facility limit granted for or the utilized
amount of the corresponding credit or banking
facilities; and
4.
Any
deposit taken by our Bank at any of our offices
outside Hong Kong.
Please refer to the
Information leaflet
about the Scheme
issued by the Hong Kong Deposit Protection Board. If you have
any question on the above, please do not
hesitate to
contact our branch staff or call our Customer
Service Hotline at 8107-0818.
You may also call the enquiry hotline of the Board at 1831-831 or access
their website at
http://www.dps.org.hk for further
information regarding the Scheme.
Once
again, we sincerely thank you for your
patronage. Looking forward to closer banking
relationship with you, we are committed to
continue servicing your banking needs with our
best endeavours.
Public Bank (Hong Kong) Limited
This limit is regardless of the number
and amount of eligible deposits held by
the depositor.
This is subject to the exclusion
mentioned in the second paragraph
hereof.
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