Terms & Policy

 

CGS International Securities (Singapore) Pte. Ltd.("CGS International") takes your privacy seriously. Please read the following to learn about our Privacy Policy. This Privacy Policy is effective as of 19 February 2001. CGS International reserves the right to change this Privacy Policy at any time by publishing the new Privacy Policy on the Website (as hereafter defined). This Privacy Policy and the statements outlined herein are not intended to and do not create any contractual or other legal rights in or on behalf of any party.

 

 

1.

What this Privacy Policy Covers

1.1

This Privacy Policy covers how CGS International uses the personally identifiable information (the "Personally Identifiable Information") it collects. However, please note that this Privacy Policy only applies to the website at Internet URL www.itradecimb.com.sg (the "Websites") and does not apply to the websites owned and/or operated by third parties.

1.2

CGS International is not responsible for any actions or policies of third party websites which are hyperlinked to and from the Website. You should check the applicable privacy policy of such party before providing Personally Identifiable Information to such websites.

 

 

2.

Collection of Personally Identifiable Information

2.1

This Privacy Policy covers how CGS International uses the personally identifiable information (the "Personally Identifiable Information") it collects. However, please note that this Privacy Policy only applies to the website at Internet URL www.itradecimb.com.sg (the "Websites") and does not apply to the websites owned and/or operated by third parties

(a)

apply to be a registered user of the Website;

(b)

when you visit the web pages on the Website that can be accessed without the need for registration;

(c)

when you enter promotions or contests that are available to you without having to be a registered user of the Website;

(d)

when you use the online services available on the Website (the "Online Services”).

CGS International also automatically receives and records information from your browser on our server logs including but not limited to your Internet protocol address, cookie information and the page you requested

2.2

CGS International uses the Personally identifiable Information:

(a)

to facilitate your access to the Website or your use of the Online Services;

(b)

to customize and personalise the content of the web page that you see;

(c)

to fulfill your requests for the Online Services; and

(d)

to evaluate your preferences and facilitate future works on the Website.

 

 

3.

Information Collection and Use

3.1

Your Personally Identifiable Information will not be sold or otherwise transferred to unaffiliated third parties without your approval at the time of collection. At such point of collection, you will have the opportunity to indicate whether you would like to "opt out" of receiving promotional and/or marketing information about other products, services and offerings from CGS International and/or any third parties.

3.2

However, CGS International reserves the right to contact you regarding matters such as account status, changes to the subscriber agreement and other matters relevant to the Online Services and/or the Personally Identifiable Information collected.

3.3

CGS International also reserves the right to perform statistical analysis of user behavior and characteristics in order to measure interest in and use of the various areas of the site and to inform advertisers of such information as well as the number of users that have been exposed to or clicked on their advertising banners. CGS International may sell or provide aggregated data from these analysis to third parties

3.4

CGS International will send Personally Identifiable Information about you to other companies or people when:

(a)

We have your consent to share the information;

(b)

We need to share your information in order to provide the Online Services or other services that you have requested; and

(c)

We are compelled by any law, court order, legal process or regulatory authority to disclose your Personal Identifiable Information to third parties.

3.5

Except as provided in paragraph 3.3, CGS International will not sell or rent your Personally Identifiable Information to anyone.

 

 

4.

Cookies

4.1

"Cookies" are small text files a website can use to recognize repeat users, facilitate the user's ongoing access to and use of the website and allow a website to track usage behavior and compile aggregate data that will allow content improvements and targeted advertising. Cookies are not programs that come onto a user's system and damage files. Generally, cookies work by assigning a unique number to the user that has no meaning outside the assigning site.

4.2

CGS International may set and access CGS International cookies on your computer

4.3

CGS International allows other companies that are presenting advertisements on some of our pages to set and access their cookies on your computer. The use of cookies by such companies is subject to their own privacy policies, not this one. Advertisers or other companies do not have access to CGS International's cookies.

4.4

If you do not want any information about yourself to be collected through the use of cookies, there is a simple procedure in most browsers that allows you to deny or accept the cookie feature. However, please note that if you do this, certain features (e.g., customized delivery of information) available on the Website may not be available to you.

ORDER & EXECUTION POLICY

 

 

I.

INTRODUCTION

 

(a)

This Order Execution Policy (“Policy”) sets out our policies and procedures for complying with our obligation to execute your orders in relation to the purchase or sale of financial products on the best available terms (also known as ‘best execution’). In this Policy, references to “we” or “our” mean ‘CGS International Securities (Singapore) Pte Ltd’ and “you” or “your” mean ‘client’.

(b)

Upon acceptance of your order and where there is no specific instruction from you regarding the execution method, we will endeavor to execute that order in accordance with this Policy.

(c)

This Policy must be read together with and form a part of our General Terms and Conditions governing transactional services provided to you.

(d)

This Policy is made available on our website at [website]. We reserve the right to amend or supplement this Policy at any time.

 

II.

SCOPE OF OUR RELATIONSHIP AND FINANCIAL PRODUCTS 

(a)

This Policy covers all your orders placed or executed (or both) on your behalf or through our agent for the purchase or sale of any financial products and regardless of the capacity in which we are acting (i.e., whether as an agent or principal).

(b)

The financial products to which this Policy applies are capital markets products that fall within the definition of securities, units in a collective investment scheme, derivatives contracts and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading prescribed under the Securities and Futures Act 2001 of Singapore.

 

III.

SCOPE OF CLIENTS

This policy applies to you if you are a retail investor, an accredited, or an expert investor. If we are dealing with you as an accredited investor or an expert investor, we may adopt the following criteria to determine whether you are legitimately relying on us to provide best execution in relation to your orders:

(i)

whether you are the one who initiates the order;

(ii)

whether you specify the venue and price at which the order should be executed; or

(iii)

(iv)

or relevant guidance provided by other regulators that it has assessed to be appropriate in determining non-reliance; or 

using relevant guidance provided by other regulators to make such a determination

 

IV.

ORDER HANDLING

(a)

Where we receive an order from you, we will ensure the order is executed promptly and is accurately recorded and allocated accordingly. In situations where we receive comparable orders from two or more clients, the orders will be executed promptly and in sequential order unless the characteristics of the order or prevailing market conditions make this impracticable, or the interests of the client require otherwise. Orders will not be considered as comparable if they are received via different execution channels or through different trading desks within our organisation or otherwise where it would not be practicable for them to be treated sequentially. 

(b)

We have the responsibility to arrange the settlement of an executed order and will take reasonable steps to ensure that any financial instrument or your funds received in settlement of an executed order are promptly and correctly delivered to your account. 

(c)

Any information with a client execution or pending order will be treated as confidential and we will take reasonable steps to ensure that information of any executed or pending orders will not be misused. 

 

V.

CLIENT INSTRUCTIONS 

(a)

Where you give us a specific instruction in relation to an order, we will follow that instruction as far as reasonably possible when executing that order. By following your specific instruction, we will have satisfied the obligation to provide you with best execution in relation to that order. Such instructions may include requests to execute on a particular venue.

(b)

In circumstances where you give us a specific transaction which covers one part or aspect of an order, we will have satisfied the obligation to provide you with best execution in relation to that part or aspect of that order. However, best execution will still be owed for the remaining part or aspect of that order not covered by the specific instruction. 

(c)

Please note that any specific instructions from you in respect of a particular order may prevent us from taking the steps that we have designed and implemented in this Policy to obtain the best possible result for the execution of that order that is subject to your specific instructions. 

 

VI.

ORDER EXECUTION FACTORS

(a)

When determining the strategy for execution of your order, we will take into consideration certain appropriate ‘execution factors’ to achieve the best available terms for your order. Such ‘execution factors’ that we may consider appropriate are price, costs, speed, likelihood of execution and settlement, size and nature of the order, and any other consideration relevant to the efficient execution of the order.

(b)

We have the discretion to determine the applicability of execution factors and their relative importance for different types of capital markets products based on the facts and circumstances of each situation. Some examples that we may take into consideration to determine the relative importance of execution factors include whether the order is a market order or a limit order and the liquidity or characteristics of the execution venue. 

(c)

In the absence of specific instructions from you, we will exercise our own judgment, skill and experience, having regard to available market information when determining the execution factors that we need to take into account for the purpose of providing you with best execution.

 

VII.

EXECUTION VENUE

(a)

In meeting our best execution obligation, we will monitor which venues are likely to provide, on a consistent basis, the best available terms for you. We may, however, not connect to all venues or sources of liquidity.

(b)

In certain financial instruments, there may only be one execution venue available. In executing a trade in such circumstances, we will assume that the selection of that venue satisfies the best execution factor in respect of venue selection.

 

VIII.

MONITORING AND REVIEW

This policy applies to you if you are a retail investor, an accredited, or an expert investor. If we are dealing with you as an accredited investor or an expert investor, we may adopt the following criteria to determine whether you are legitimately relying on us to provide best execution in relation to your orders:

(a)

We have implemented a framework to monitor compliance with this Policy and the effectiveness of our order execution arrangements on a periodic basis. Our monitoring framework includes:

(i) identifying and correcting (where appropriate) any deficiencies;
(ii) assessing whether the entities to which we transmit orders for execution provide the best possible result for you on a consistent basis;
(iii) assessing whether the execution venues continue to provide the best possible outcome for you; and 
(iv) identifying any other best execution arrangements in accordance with the relevant regulatory standards. 

(b)

If, arising from our monitoring and review of our execution arrangements, a material change to our execution arrangements is made which could impact the execution factors and its relative importance, we will inform you accordingly and update this Policy to reflect such changes. 

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