archive-sg.com » SG » O » OCBC.COM.SG

Total: 378

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • Terms And Conditions Governing Personal Line of Credit
    the credit standing of persons and to the disclosure by such credit bureau or other organisation or corporation to any member thereof for the purposes of assessing the Account Holder s credit worthiness or for any other purpose whatsoever The rights conferred on the Bank herein shall be in addition to and shall not be in any way prejudiced or affected by any other agreement expressed or implied between the Account Holder and the Bank in relation to any information referred to herein nor shall any such other agreement be in any way prejudiced or affected by any provision herein This consent and provision shall survive the termination of any or all of the Account Holder s accounts or facilities with the Bank and or the termination of any relationship between the Account Holder and the Bank for any reason whatsoever 13 TERMINATION 13 1 The Personal Line of Credit shall be terminated forthwith upon the Account Holder or if more than one the youngest Account Holder reaching the age of 65 whereupon all monies owing under the Account and these Terms and Conditions Governing Personal Line of Credit Accounts shall be due and payable 13 2 The Account Holder may terminate the Account by a giving the Bank written notice of such termination b returning to the Bank all unused cheques issued for the Account and ATM cards issued solely for use under the Account and c paying all monies owing under the Account the Personal Line of Credit and these Terms and Conditions Governing Personal Line of Credit Accounts together with interest thereon 13 3 Notwithstanding anything to the contrary herein the Bank may at any time at its absolute discretion cancel the Personal Line of Credit and terminate the Account without giving any reason therefor and without prior notice to the Account Holder All monies owing under the Account the Personal Line of Credit and these Terms and Conditions Governing Personal Line of Credit Accounts together with interest thereon shall immediately become due and payable on demand 13 4 The Account Holder shall forthwith return all Personal Line of Credit cheque books and where applicable the Bank s ATM cards in the event of any termination of the Account by the Bank 14 EXEMPTION FROM LIABILITIES 14 1 The Bank may in its absolute discretion and without prior notice or liability to the Account Holder refuse to honour any cheque issued under the Account or permit any transaction on the Account irrespective of whether the Approved Limit has been exceeded or not and may at any time vary or withdraw any of the benefits facilities or services in respect of or in connection with the Account 14 2 The Bank shall not be responsible for any losses or damages which the Account Holder or any other person s may suffer or incur due to any delay or refusal of the Bank to grant or to continue to grant the whole or part of the Personal Line of Credit to the Account Holder and shall not be obliged to give any reason for such delay or refusal 14 3 Without prejudice to the foregoing the Bank shall not in any event be responsible for or liable to the Account Holder for any losses or damages which the Account Holder may suffer in respect of transactions made under the Account including but not limited to losses and damages caused by or arising out of the dishonour of any cheques or non availability of the Personal Line of Credit whether by reason of any revision of the Approved Limit suspension or termination of the Personal Line of Credit changes to any of these Terms and Conditions Governing Personal Line of Credit Accounts or any other exercise of the Bank s rights under these Terms and Conditions Governing Personal Line of Credit Accounts at law or in equity 15 STATEMENT OF INDEBTEDNESS A statement or certificate signed by any officer of the Bank as to the monies and liabilities for the time being owing and remaining unpaid by the Account Holder under the Account the Personal Line of Credit and these Terms and Conditions Governing Personal Line of Credit Accounts shall in the absence of manifest error be final conclusive and binding on the Account Holder for all purposes 16 RIGHT OF SET OFF In addition to any remedies lien right of set off or other rights which the Bank may have under these Terms and Conditions Governing Personal Line of Credit Accounts at law or in equity the Bank shall be entitled at any time and without notice to the Account Holder to combine or consolidate all or any of the Account Holder s account s with the Bank in Singapore or elsewhere whether held alone jointly or jointly with any other person s or set off or transfer any sum or sums standing to the credit of such account s whether matured or not in or towards the satisfaction of any or all outstanding balances and other liabilities due from the Account Holder under the Account the Personal Line of Credit and these Terms and Conditions Governing Personal Line of Credit Accounts and whether expressed in a currency different from the currency of the Account or otherwise 17 INSURANCE 17 1 The Account Holder agrees to be bound by and to abide by the Bank s Terms and Conditions Governing Group Creditors Life Insurance the Bank s Terms and Conditions Governing Deposit Accounts and where applicable the Bank s Terms and Conditions Governing Electronic Banking Services and such other electronic services made available by the Bank from time to time The Account Holder acknowledges that such terms and conditions may be amended by the Bank from time to time and the latest versions thereof are available for the Account Holder s reference at any of the Bank s branches 17 2 In the event of any inconsistency between the Bank s Terms and Conditions Governing Deposit Accounts and where applicable the Bank s Terms and Conditions Governing Electronic Banking Services and such other electronic services made available by the Bank from time to time and those contained in these Terms and Conditions Governing Personal Line of Credit Accounts these Terms and Conditions Governing Personal Line of Credit Accounts as may be amended modified and supplemented from time to time shall prevail 18 AMENDMENT S 18 1 The Bank may at any time at its absolute discretion and upon written notice to the Account Holder change any one or more of these terms and conditions Such change s shall take effect from the date stated in the notice which in most instances shall be no less than 30 days from the date of the notice 18 2 If the Account Holder is not agreeable to such amendments the Account Holder must terminate the Personal Line of Credit by written notice to the Bank before the said effective date and all sums owing and remaining unpaid by the Account Holder in respect of the Account the Personal Line of Credit and these Terms and Conditions Governing Personal Line of Credit Accounts together with interest thereon shall forthwith be paid to the Bank in full Where the Account Holder continues to use the Personal Line of Credit and or operate the Account the Account Holder shall be deemed to have agreed with and accepted such amendments 18 3 The Bank may notify the Account Holder of any changes to these Terms and Conditions Governing Personal Line of Credit Accounts by a publishing such changes in the Statements of Account to be sent to the Account Holder b displaying such changes at the Bank s branches or automated teller machines c posting such changes on the Bank s website d electronic mail or letter e publishing such changes in any newspapers or f such other means of communication as the Bank may determine in its absolute discretion 19 NOTICES AND SERVICE OF PROCESS Any notice court document including but not limited to service of Writ of Summons or other originating process in any legal action or proceeding demand and other correspondence may be made by the Bank or by any person or firm acting as the Bank s agent or solicitor by serving the same on the Account Holder personally or by leaving or ordinary mail to the Account Holder s address registered with the Bank or last known to the Bank Such notice court document Writ of Summons originating process demand and other correspondence shall be deemed to have been duly delivered to or served on the Account Holder on the day of personal service or leaving or if sent by post on the next Business day following the date of posting notwithstanding that it may be returned by the post office undelivered 20 INDULGENCE NOT WAIVER No failure or delay by the Bank in exercising or enforcing any right under these Terms and Conditions Governing Personal Line of Credit Accounts shall prejudice affect impair or restrict any of the Bank s rights and powers under the Account the Personal Line of Credit and these Terms and Conditions Governing Personal Line of Credit Accounts at law or in equity nor shall any waiver of any breach hereunder operate as a waiver of any subsequent breach 21 SEVERABILITY If any one or more of the provisions in these Terms and Conditions Governing Personal Line of Credit Accounts are deemed invalid illegal or unenforceable in any respect the validity legality and enforceability of the remaining provisions of these Terms and Conditions Governing Personal Line of Credit Accounts shall not in any way be prejudiced affected or impaired 22 GOVERNING LAW These Terms and Conditions Governing Personal Line of Credit Accounts shall be governed by and construed in accordance with the laws of Singapore and the Account Holder shall submit to the non exclusive jurisdiction of the courts of Singapore 23 ASSIGNMENT The Bank may assign any of its rights hereunder without the Account Holder s consent The Account Holder may not assign any of its rights hereunder without the Bank s prior written consent 24 THIRD PARTY RIGHTS A person who is not a party to any agreement governed by these Terms and Conditions Governing Personal Line of Credit Accounts has no right under the Contracts Rights of Third Parties Act Cap 35B to enforce any of the provisions in these Terms and Conditions Governing Personal Line of Credit Accounts 25 INTERPRETATION In these Terms and Conditions Governing Personal Line of Credit Accounts except to the extent that the context requires otherwise the following terms shall have the following respective meanings Account refers to an account opened or maintained with the Bank in respect of the Personal Line of Credit Account Holder refers to a holder of the Account whether alone or jointly with any other person and include his personal representatives and successors in title Approved Limit refers to the limit of the Personal Line of Credit approved by the Bank from time to time for use under the Account Application Form refers to the application form as prescribed by the Bank pursuant to which the Account Holder has applied or may apply for the Personal Line of Credit and or such letter s commitment arrangement or agreement between the Bank and the Account Holder from time to time in relation to the Personal Line of Credit as may be revised supplemented varied or superseded by the Bank from time to time in its absolute discretion Bank refers to Oversea Chinese Banking Corporation Limited and shall include its successors and assigns Excess Sum refers to the sum or sums drawn from the Account which exceeds the Approved Limit Instruction refers to any instructions or requests communicated sent or transmitted to the Bank in any form including without limitation in writing through the post or via any electronic means in accordance with the Bank s prescribed procedures and requirements and shall include any application or forms prescribed by the Bank for Personal Line of Credit or the Account communicated or transmitted to the Bank in such form or forms Minimum Payment Amount in relation to any Statement of Account refers to the minimum amount which the Account Holder is required to pay by the due date of payment specified in that Statement of Account Personal Line of Credit refers to the loan credit and or banking facility or accommodation referred to in the relevant Application Form and which is granted or made available by the Bank to the Account Holder on and subject to the terms and conditions contained therein these Terms and Conditions Governing Personal Line of Credit Accounts and any other such terms and conditions as the Bank may decide at its sole discretion and Statement of Account refers to the Bank s monthly or periodic statement showing the amount due to the Bank on the Account Unless the context requires otherwise a words denoting the singular number shall include the plural and vice versa and b words denoting the masculine gender shall where the context so admits include all genders The headings to the clauses have been inserted for guidance only and shall not be deemed to form any part of the context or be taken into consideration in the interpretation of the terms and conditions herein The headings to the clauses have been inserted for guidance only and shall not be deemed to form any part of the context or be taken into consideration in the interpretation of these terms and conditions TERMS AND CONDITIONS GOVERNING GROUP CREDITORS LIFE INSURANCE The terms and conditions contained herein are subject to review by the Bank and other changes from time to time Any amendments so made shall supersede the terms and conditions stipulated below 1 INSURED PERSON Each Account Holder who is below the age of 65 Insured Person is required to be insured under the Bank s Group Creditors Life Insurance Insurance 2 INSURANCE COVER 2 1 The insurance cover must remain effective for as long as the Account remains open The insurance cover will be used towards payment of the monies owing under the Account in the event of death or total and permanent disablement of the Account Holder Subject to these Terms and Conditions and the terms and conditions pertaining to the Insurance both as may be amended or supplemented by the Bank from time to time compensation will be payable under the Insurance policy in the event of the Death or Total and Permanent Disablement of the Insured Person 2 2 Notwithstanding the insurance cover the Insured Person shall at all times remain fully liable to the Bank for all monies outstanding under the Account the Personal Line of Credit and these Terms and Conditions Governing Personal Line of Credit Accounts including but not limited to such event s where the insurance cover shall be insufficient to pay and satisfy the monies owing in respect of the Account the Personal Line of Credit and these Terms and Conditions Governing Personal Line of Credit Accounts or otherwise rendered irrecoverable for any reason whatsoever 3 INSURANCE AMOUNT The Insured Person s under the Account shall at all times be insured for an amount which is equivalent to the total outstanding due under the Account or up to S 100 000 plus any accrued interest owed to the Bank whichever is the lower 4 COMPENSATION 4 1 Subject to Clause 4 2 the following basis of compensation shall apply in the event of Death or Total and Permanent Disablement of the Insured Person a If the surviving and or non disabled Insured Person s combined monthly income is 50 or less than all the Insured Persons total monthly income 100 of the outstanding due to the Bank under the Account will be payable b If the surviving and or non disabled Insured Person s combined monthly income is more than 50 of all the Insured Person s total monthly income 50 of the outstanding due to the Bank under the Account will be payable 4 2 Regardless of the number of Insured Persons under each Account the maximum amount payable under the Insurance policy policies for each Account shall be limited in aggregate to 100 of the total outstanding due to the Bank or up to S 100 000 plus any accrued interest owing to the Bank whichever is the lower 5 EXCLUSION No compensation will be payable if the Insured Person commits suicide while sane or insane within one year from the effective date of his insurance coverage 6 CLAIMS NOTIFICATION AND PAYMENT a Written notice must be given to the Bank within 90 days from the date when any claim under the Insurance policy arises b All certificates information and evidence in relation to the claims under the Insurance policy must be provided at the Insured Person s or the claimant s own expense c All compensation shall be payable to the Bank 7 THIRD PARTY RIGHTS A person who is not a party to any agreement governed by these Terms and Conditions has no right under the Contracts Rights of Third Parties Act Cap53B to enforce any of these Terms and Conditions 8 APPLICATION AND INTERPRETATION a Clauses 18 Amendment s 19 Notices and 22 Governing Law in the Terms and Conditions Governing Personal Line of Credit Accounts shall apply to these Terms and Conditions Governing Group Creditors Life Insurance mutatis mutandis and references therein to the terms and conditions herein and Terms and Conditions Governing Personal Line of Credit Accounts shall be read and construed as references to these Terms and Conditions Governing Group Creditors Life Insurance b Unless the context requires otherwise expressions defined in the Terms and Conditions Governing Personal Line of Credit Accounts shall have the same meanings herein c Where two or more persons are included in the expression Insured Person all covenants terms and conditions herein shall be deemed to be binding on and applicable to them jointly and severally Please note that revisions have been made to the Terms and Conditions governing Personal Line of Credit Accounts pertaining to the Statement of Account With effect from 01 June 2009 a Statement of Account will be sent to the Account Holder on a monthly basis or at any other interval that the Bank may determine from time to time A Statement of Account may not be sent to the Account Holder for the period which the Account is inactive In consideration of Oversea Chinese Banking Corporation Limited extending or continuing to extend the Personal Line of Credit to the Account Holder as hereinafter defined at the Account Holder s request the Account Holder agrees to be bound by these Terms and Conditions Governing Personal Line of Credit Accounts and the OCBC Terms and Conditions Governing Deposits Accounts as may be amended supplemented and or superseded by the Bank from time to time 1 CONDITIONS PRECEDENT The Bank may grant or continue to grant the Personal Line of Credit to the Account Holder if the following conditions are fulfilled or continued to be fulfilled a the Bank s offer of Personal Line of Credit has been accepted by the Account Holder in the manner as prescribed by the Bank b an Account has been opened by the Account Holder with the Bank and the Account remains open at all times c all documents legal or otherwise as may be required by the Bank must be in order and where applicable duly completed and signed to the satisfaction of the Bank d all documentary proof as may be required by the Bank must have been duly furnished e there are no circumstances which in the opinion of the Bank would adversely affect the Bank s ability decision or willingness to grant or continue to grant the Personal Line of Credit to the Account Holder and f all other conditions precedent as the Bank may require or impose have been fulfilled to the satisfaction of the Bank or otherwise have been duly complied with 2 INSTRUCTION 2 1 The Account Holder authorises the Bank to accept and act upon any Instruction issued whether actually authorised by the Account Holder or not as the Account Holder s authentic and duly authorised Instruction and that the Bank shall be under no obligation to investigate the authenticity or authority of persons effecting the Instruction or verify the accuracy or completeness of the Instruction and that the Bank may treat such Instruction as valid and binding on the Account Holder notwithstanding any error fraud forgery lack of clarity or misunderstanding in the terms of the Instruction 2 2 The Bank may rely and act upon any Instruction to open maintain or close the Account or to provide and or terminate any Personal Line of Credit or to transfer any funds into or out of the Account 3 CREDIT LIMIT 3 1 The Approved Limit of the Personal Line of Credit shall be such sum as may be approved and notified by the Bank to the Account Holder from time to time subject to the prevailing legislation rules regulations and or directives imposed or issued by the competent authorities 3 2 The Personal Line of Credit is subject to review by the Bank from time to time The Bank may at its sole discretion reduce cancel modify or otherwise vary the Approved Limit revise restructure or convert the Personal Line of Credit to such other facility type on such terms and conditions as may be determined by the Bank or otherwise require the Account Holder to perform or refrain from performing such acts to comply with such terms and conditions imposed by the Bank from time to time on the Account the Personal Line of Credit and or on the Account Holder 3 3 The Bank may from time to time increase the Approved Limit Any such increase in the Approved Limit shall be notified by the Bank to the Account Holder and shall be deemed to be accepted by the Account Holder unless the Bank shall be in receipt of a written notice of objection within 7 days of the Bank s notice as aforesaid For the avoidance of doubt the continued usage of the Personal Line of Credit and or the non termination of the Account by the Account Holder shall be deemed to be the Account Holder s acceptance of the said increase 3 4 The Account Holder shall operate and maintain the Account within the Approved Limit at all times However the Bank may at its absolute discretion and without prior notice to the Account Holder allow any drawing on the Account or otherwise debit the Account with such sum or sums payable by the Account Holder pursuant to these Terms and Conditions Governing Personal Line of Credit Accounts notwithstanding that such drawing or debiting shall cause the Approved Limit to be exceeded The Bank shall notify the Account Holder of any sum or sums utilised or debited from the Account in excess of the Approved Limit hereinafter called the Excess Sum and the Account Holder shall ensure that the Excess Sum is paid within 7 days of the date of the said notification or such other date s which the Bank may stipulate 4 PERSONAL LINE OF CREDIT CHEQUE BOOK 4 1 Only one Personal Line of Credit cheque book shall be issued for each Account at any time irrespective of the number of Joint Account Holders or authorised signatories 4 2 The Bank is authorised but not obliged to honour all Personal Line of Credit cheques issued by the authorised signatories of the Account in accordance with the signature requirements as may be given by the Account Holder from time to time in the Bank s prescribed form 4 3 Personal Line of Credit cheque s shall not at any time be issued to pay any monies owing under the Account the Personal Line of Credit and or these Terms and Conditions Governing Personal Line of Credit Accounts 4 4 The Account Holder shall be liable for all unauthorised transactions made prior to the Bank s receipt of a written notification from the Account Holder of the loss of the Personal Line of Credit cheque book 5 STATEMENT OF ACCOUNT AND PAYMENT 5 1 A Statement of Account will be sent to the Account Holder on a monthly basis or at any other interval that the Bank may determined from time to time A Statement of Account may not be sent to the Account Holder for the period which the Account is inactive Each month the Account Holder shall pay at least the Minimum Payment Amount on or before the due date of payment as stated in the Statement of Account The Minimum Payment Acount shall include the Excess Sum and any overdue payments in respect of the Account 5 2 The Minimum Payment Amount and the due date of payment shall be determined by the Bank The Bank reserves the right to vary the minimum payment requirements and the due date of payment at its absolute discretion without prior notice to the Account Holder 5 3 If the Minimum Payment Amount for the preceding month is overdue the Account Holder shall pay the Minimum Payment Amount stipulated in the current month s Statement of Account to the Bank immediately 5 4 In the event that the payment received by the Bank shall be less than the Minimum Payment Amount or where applicable less than the amount required to settle all outstanding due under the Account together with interest thereon in full the Bank shall be entitled but shall not be obliged to apply the said payment received towards settlement of the principal amount outstanding the Excess Sum the interest charges fees and all other monies outstanding under the Account or any part thereof or under these Terms and Conditions Governing Personal Line of Credit Accounts in such proportion or otherwise in the manner as it deems fit irrespective of any instruction or direction given by the Account Holder The provisions herein shall not affect alter prejudice or impair the Bank s rights under any other clauses provided in these Terms and Conditions Governing Personal Line of Credit Accounts at law or in equity Such part of the Minimum Payment Amount or such other monies or any part thereof outstanding and remaining unpaid shall be settled by the Account Holder immediately 5 5 The Borrower shall examine the Statement of Account which shall be conclusive and binding on the Account Holder unless the Bank receives the Account Holder s written notification of any discrepancies in respect thereof within 7 days after posting despatch or delivery of the Statement of Account The decision given by the Bank in respect of any such discrepancies duly notified by the Account Holder shall be final conclusive and binding on the Account Holder for all purposes whatsoever 6 INTEREST 6 1 Interest shall accrue from day to day on the daily debit balances outstanding under the Account on a 365 day year basis at such rate s of interest as the Bank may notify the Account Holder from time to time Interest accrued under the Personal Line of Credit will be capitalised and debited from the Account at the end of each calendar month or on such other day or days that the Bank determines A minimum interest of such amounts as the Bank may from time to time determine will be levied and debited from the Account each month if the Account has a debit balance at any time within a calendar month 6 2 Interest on the Excess Sum shall be payable at such rate s as may be determined by the Bank from time to time 6 3 No interest will be payable on any credit balance in the Account unless otherwise agreed to in writing by the Bank 6 4 If the Minimum Payment Amount or any other sum s due hereunder is not paid on its due date of payment interest at such rate as may be determined by the Bank will be levied on the overdue Minimum Payment Amount and or other overdue sums from due date or date of demand by the Bank until the date of actual payment on a day to day basis subject to such amount as may be determined by the Bank from time to time for each late payment 6 5 All interest due under the Account the Personal Line of Credit and these Terms and Conditions Governing Personal Line of Credit Accounts including but not limited to interest on Excess Sum overdue Minimum Payment Amount and all other sums remaining unpaid on demand shall accrue on a day to day basis and shall be payable as well after as before judgment at the prevailing interest rate applicable to the Personal Line of Credit and or applicable to any overdue sum or Excess Sum as the case may be or such other rate s of interest as the Bank may determine from time to time from the due date date of demand or recall whichever is the earlier up to and including the date of actual payment 6 6 The Bank shall be entitled at its absolute discretion to determine or vary the rates and basis of calculation of interest payable by the Account Holder under these Terms and Conditions Governing Personal Line of Credit Accounts without notice and without giving any reason and the same shall be payable by the Account Holder on demand or at such time as the Bank may deem fit 7 CHARGES COSTS AND EXPENSES 7 1 The Account Holder shall pay to the Bank all charges and or fees including without limitation annual and late fees in respect of the Personal Line of Credit and the Account as stated in the Bank s pricing guide 7 2 The Bank may at any time at its absolute discretion and upon written notice to the Account Holder change the amount of any charges or fees including late fees payable by the Account Holder as stated in the Bank s pricing guide Such change s shall take effect from the date stated in the notice which in most instances shall be no less than 30 days from the date of the notice 7 3 All legal fees and such other reasonable costs expenses and disbursements incurred by the Bank in enforcing the Bank s rights under the Account the Personal Line of Credit and these Terms and Conditions Governing Personal Line of Credit Accounts or otherwise in administering demanding and collecting payment of any monies due under the Account the Personal Line of Credit and these Terms and Conditions Governing Personal Line of Credit Accounts including but not limited to legal costs as between solicitor and client and any goods and services tax thereon shall be borne by the Account Holder on a full indemnity basis 8 RIGHT TO DEBIT 8 1 The Bank is authorised at any time and without prior notice to debit the Account with all accrued interest fees charges costs and expenses including but not limited to charges costs and expenses referred to in Clause 7 together with goods and services tax thereon or other levies or taxes now or hereafter imposed by law and all other monies payable under the Account the Personal Line of Credit and these Terms and Conditions Governing Personal Line of Credit Accounts 8 2 If such debiting causes the Approved Limit to be exceeded or the Excess Sum to be increased the Account Holder shall pay interest on such Excess Sum at such rate s or at such amount s as the Bank may impose from time to time after as well after as before judgment All accumulated and capitalised interest fees costs charges levies expenses disbursements whatsoever debited from the Account as aforesaid shall be deemed to be principal monies for the purpose of ascertaining whether the Approved Limit has been exceeded 9 JOINT ACCOUNT 9 1 The Bank may at its absolute discretion agree to the Account Holder s request to convert a single Account to a joint Account subject to such conditions as the Bank may impose Upon such conversion all joint Account Holders shall be jointly and severally liable for all monies owing to the Bank under the Account whether such outstanding monies or any part thereof shall be incurred or owing before or after the date of such conversion 9 2 Where the Account is a joint account with 2 or more Account Holders a all references to the Account Holder under these Terms and Conditions Governing Personal Line of Credit Accounts shall refer to each and every one of the Account Holders individually or all of them collectively as the context may require b all covenants provisions terms conditions or obligations shall be deemed to be made by and be binding on all joint Account Holders jointly and severally and shall also be binding on and applicable to their respective personal representatives and successors in title accordingly c all notices and communications sent or given by the Bank to any one of the Account Holders shall be deemed to be sent or given to all Account Holders d all Instructions given by any of the Account Holder or by any third party authorised by such Account Holder to operate the joint Account on his behalf shall be binding on all Account Holders Provided always that if the Instructions given are considered by the Bank to be contradictory or ambiguous the Bank shall be entitled in its absolute discretion to decide whether or not to act on them or to obtain clarifications from the joint Account Holders and e the joint Account and the Personal Line of Credit may be terminated by any one of the joint Account Holders acting in accordance with Clause 13 2 herein 10 ACCOUNT HOLDER S PARTICULARS 10 1 The Account Holder shall notify the Bank promptly in writing of any change in his employment office home address and contact numbers 10 2 If the Account Holder s latest address is not notified to the Bank or the whereabouts of the Account Holder is unknown to the Bank for 6 months the Personal Line of Credit may be terminated at the Bank s absolute discretion and the Account closed accordingly whereupon all monies owing to the Bank under the Account the Personal Line of Credit and these Terms and Conditions Governing Personal Line of Credit Accounts together with interest thereon shall immediately become due and payable to the Bank 11 REPRESENTATIONS AND WARRANTIES 11 1 The Account Holder warrants and represents that all information declarations representations and warranties made or given by him or as evidenced by any documents given to the Bank in connection with the Personal Line of Credit and all particulars indicated in any application form s relating thereto are and will continue to be true and correct in all respects and will be complied with at all times 11 2 The Account Holder confirms that the Bank is entitled to rely on the said information declarations representations and warranties in granting the Personal Line of Credit and that he shall immediately upon request furnish the Bank with all such documents statements information and explanation as may be reasonably required by the Bank from time to time regarding his affairs state or condition financial or otherwise that may affect the Bank s decision in granting or in continuing to grant the Personal Line of Credit to him 12 DISCLOSURE OF INFORMATION The Account Holder irrevocably and unconditionally consents for the Bank and any officer as defined in the Banking Act Cap 19 the Banking Act of the Bank to disclose any customer information as defined in the Banking Act relating to the Account Holder or any information whatsoever relating to the

    Original URL path: http://ocbc.com.sg/personal-banking/Loans/terms-and-conditions-governing-personal-line-of-credit.html (2012-12-22)
    Open archived version from archive

  • OCBC - Life Insurance - Fixed Term Coverage
    above Option to add critical illness coverage Choice of policy term between 5 and 40 years Make an appointment to find out more Important notices Important notes Policy Owners Protection Scheme Important notes This document is for general information only It is not a contract of insurance or an offer to buy an insurance product or service It is also not meant to provide any insurance or financial advice The specific terms and conditions of the plan are set out in the policy documents If you are interested in the insurance policies you should read the product summary and benefit illustration available from us before deciding whether to buy this product This document does not take into account your particular investment aims financial situation or needs Please ask a financial adviser for advice about whether the investment product is suitable for you before you commit to buying the product If you choose not to get advice from a financial adviser you should consider whether the product is suitable for you Insurance plans are provided by The Overseas Assurance Corporation Limited or The Great Eastern Life Assurance Company Limited both wholly owned subsidiaries of Great Eastern Holdings Limited and members of the OCBC Group We do not provide guarantee or have any obligations under them Max is a registered trademark of The Overseas Assurance Corporation Limited Buying a life insurance policy is a long term commitment Ending the policy early usually involves high costs and any surrender value you receive may be less than the total premiums you have paid We do not guarantee that any of the information provided in this document is accurate and you should not rely on it as such We do not guarantee to update the information or to correct any inaccuracies All information may change

    Original URL path: http://ocbc.com.sg/personal-banking/Insurance/life-insurance-term-coverage.html (2012-12-22)
    Open archived version from archive

  • OCBC - Online Appointment Form
    Insurance Investments Premier Banking Online Appointment Form Personal Banking Insurance Online Appointment Form Want to know more about our insurance products Call us OR 65 6722 2293 Operating hours are from 9am to 6pm Mondays to Fridays excluding public holidays

    Original URL path: http://ocbc.com.sg/personal-banking/Insurance/Online-Appointment-Form.html (2012-12-22)
    Open archived version from archive

  • OCBC - Insurance - Medical Coverage
    you are entitled to Terms and conditions Junior Protector Plus Protect you and your child against medical and hospital bills should accidents occur Guaranteed acceptance with up to S 50 000 coverage for major permanent disablement Reimbursement of medical expenses including those for Traditional Chinese Medicine TCM and chiropractic treatments Hospital cash and reimbursement of medical expenses arising from dengue fever Hand Foot and Mouth Disease HFMD and food poisoning Up to S 50 000 education assurance fund upon the accidental death of policyholder parent Daily companion allowance if your child is hospitalised due to an accident Terms and conditions Want to know more about medical coverage Call us OR 65 6722 2293 Operating hours are from 9am to 6pm Mondays to Fridays excluding public holidays Important notices Important notes Policy Owners Protection Scheme Important notes This document is for general information only It is not a contract of insurance or an offer to buy an insurance product or service It is also not meant to provide any insurance or financial advice The specific terms and conditions of the plan are set out in the policy documents If you are interested in the insurance policies you should read the product summary and benefit illustration available from us before deciding whether to buy this product This document does not take into account your particular investment aims financial situation or needs Please ask a financial adviser for advice about whether the investment product is suitable for you before you commit to buying the product If you choose not to get advice from a financial adviser you should consider whether the product is suitable for you Insurance plans are provided by The Overseas Assurance Corporation Limited or The Great Eastern Life Assurance Company Limited both wholly owned subsidiaries of Great Eastern Holdings Limited

    Original URL path: http://ocbc.com.sg/personal-banking/Insurance/accident-health-medical-supreme-health-junior-protector-plus-total-shield.html (2012-12-22)
    Open archived version from archive

  • More-about-hospitalisation-cash-benefit
    intensive care unit due to an accident up to 730 days S 700 daily S 400 daily Monthly premium Main insured S 10 Spouse S 10 Main insured and spouse S 19 Child S 7 Monthly premiums are subject to prevailing GST 2 ways to apply Via online banking For existing OCBC Online Banking customers only Login to online banking Don t have online banking yet Apply now By mail

    Original URL path: http://ocbc.com.sg/personal-banking/Insurance/Lightbox-Pages/More-About-Hospitalisation-Cash-Benefit.html (2012-12-22)
    Open archived version from archive

  • OCBC - Insurance - Accident & Health
    death or total and permanent disability Guaranteed cashback at the end of 5 years equivalent to 50 of total premiums paid regardless of the number of claims made for daily hospital accident cash Automatic renewability after every 5 years Hospital cash benefit of up to S 150 daily More about PA Cashback Plus Important notices Important notes Policy Owners Protection Scheme Important notes This document is for general information only It is not a contract of insurance or an offer to buy an insurance product or service It is also not meant to provide any insurance or financial advice The specific terms and conditions of the plan are set out in the policy documents If you are interested in the insurance policies you should read the product summary and benefit illustration available from us before deciding whether to buy this product This document does not take into account your particular investment aims financial situation or needs Please ask a financial adviser for advice about whether the investment product is suitable for you before you commit to buying the product If you choose not to get advice from a financial adviser you should consider whether the product is suitable for you Insurance plans are provided by The Overseas Assurance Corporation Limited or The Great Eastern Life Assurance Company Limited both wholly owned subsidiaries of Great Eastern Holdings Limited and members of the OCBC Group We do not provide guarantee or have any obligations under them Max is a registered trademark of The Overseas Assurance Corporation Limited We do not guarantee that any of the information provided in this document is accurate and you should not rely on it as such We do not guarantee to update the information or to correct any inaccuracies All information may change without notice We will

    Original URL path: http://ocbc.com.sg/personal-banking/Insurance/accident-coverage-pa-supreme-pa-cahsback.html (2012-12-22)
    Open archived version from archive

  • OCBC - Terms and conditions - School Protection Plan
    a commitment to purchase a life policy In the event that you choose not to seek from a financial adviser you should consider whether the life policy in question is suitable for you Buying a life insurance policy is a long term commitment An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid This material is for general information only It is not a contract of insurance It does not constitute an offer to buy an insurance product or service It is also not intended to provide any insurance or financial advice The specific terms and conditions of the plan are set out in the policy documents A person interested in the insurance policies should read the product summary and benefit illustration available from OCBC Bank before deciding whether to buy this product No representation or warranty whatsoever in respect of any information provided herein is given by OCBC Bank and it should not be relied upon as such OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time All information presented is

    Original URL path: http://ocbc.com.sg/personal-banking/Insurance/terms-and-conditions-schoolplan.html (2012-12-22)
    Open archived version from archive

  • OCBC - MaxEdu Plus Terms & Conditions
    consider whether the life policy in question is suitable for you Buying a life insurance policy is a long term commitment An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid This material is for general information only It is not a contract of insurance It does not constitute an offer to buy an insurance product or service It is also not intended to provide any insurance or financial advice The specific terms and conditions of the plan are set out in the policy documents A person interested in the insurance policies should read the product summary and benefit illustration available from OCBC Bank before deciding whether to buy this product No representation or warranty whatsoever in respect of any information provided herein is given by OCBC Bank and it should not be relied upon as such OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time All information presented is subject to change without notice OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or

    Original URL path: http://ocbc.com.sg/personal-banking/Insurance/terms-and-conditions-maxedu-plus.html (2012-12-22)
    Open archived version from archive