HSBC InvestDirect International - Important information

Your HSBC Bank International Limited account(s) will be governed by the terms of business of HSBC Bank International Limited.These include Section 3 setting out additional terms which apply to the HSBC InvestDirect International Portfolio, provided by HSBC Bank plc and based in the UK. Your HSBC InvestDirect International Portfolio will be governed by the terms and conditions of HSBC InvestDirect International .

You should note that if you incur an informal overdraft on your HSBC Bank International Limited account as a result of trading shares, HSBC Bank International Limited will have the right, after asking you to correct the position, to instruct HSBC Bank plc to sell sufficient of your shares to cover the informal position on your HSBC Bank International Limited account and HSBC Bank plc will act on that instruction and pass the proceeds of sale of the shares to your account with HSBC Bank International Limited.

The HSBC InvestDirect International share dealing service is UK based and your portfolio will be subject to UK taxation. For full details of the tax implications of dealing on the US and UK stock markets through a UK based nominee service, please see the information on tax in the HSBC InvestDirect International web site.

Your liability to tax will depend on the rules in your country of residence and your individual circumstances. If you are in doubt as to the tax treatment, we recommend you should obtain tax advice. The information in these pages is based on our understanding of the current law and practice at the time of publication. Future changes in legislation, tax levels and practice could affect the information on this web site.

HSBC InvestDirect International share dealing services are provided by HSBC Bank plc, based in the UK.