Business Money Market Account

Business Money Market Account Additional Conditions For all HSBC Business Money Market account customers as of 1 December 2014.

Table of Contents Page How to reach us 3 If you have a disability 3 1. What you should know 4 1.1 Getting in touch with you 4 1.2 Where there are differences 4 1.3 Changes to these Terms 4 1.4 Technical language 4 1.5 We and you 4 2. Opening your Account 5 2.1 Minimum Deposits 5 2.2 Giving us instructions 5 2.3 Statements 5 2.4 Tax 5 3. Your Call Deposit or Notice Deposit Account 6 3.1 Opening your Account 6 3.2 Deposits and withdrawals 6 3.3 Interest 6 4. Your Fixed Deposit Account 7 4.1 Opening your Account 7 4.2 When your Fixed Deposit matures 7 4.3 Interest 7 5. Closing your Account 8 5.1 Fees 8 5.2 When we may close your Account 8 About HSBC 9 2

How to reach us Write to us at: HSBC Money Market Payments & Cash Management Ground Floor Norwich House Nelson Gate Commercial Road Southampton SO15 1GX Call us (from 8am to 5pm Monday to Friday) (excluding Bank Holidays) on: if you re in the UK, Channel Islands or Isle of Man: 03458 50 11 55 if you re outside the UK: +44 2380 53 53 31 If you have a disability Sight You can request these Additional Conditions in large print or audio from any HSBC branch. We can also give you Braille and large-print statements and templates for cheque books. Hearing or speech You can call us by textphone on 03457 12 55 63. We can also arrange a sign-language service for you. We may monitor or record our conversations with you (for example, phone calls, letters, emails) to improve our service, or for security. 3

1. What you should know Our business current and savings accounts and services all come with terms and conditions. They set out what you can expect from us and what we expect from you in return. You ll find them in our Business Banking Terms and Conditions. Our Business Money Market Accounts: Business Money Market Call Accounts for Call Deposits Business Money Market Notice Accounts for Notice Deposits Business Money Market Fixed Accounts for Fixed Deposits also come with these Additional Conditions (which we ll call Terms ). You should read them together with our Business Banking Terms and Conditions, so you have all the information you need. When we say your Account, we mean any Business Money Market Account. When we say your Deposit, we mean your Call, Notice or Fixed Deposit. For the most up-to-date versions of these Terms, our Business Banking Terms and Conditions, our Business Banking Made Easy brochure and our Price List, just ask us in any HSBC branch, by phone or find them on our website. 1.1 Getting in touch with you If we need to contact you, we ll do it by post, email or on your statements. 1.2 Where there are differences Where there s a conflict between these Terms and anything in our Business Banking Terms and Conditions, these Terms take precedence. If there s a conflict between these Terms and the Customer Information Appendix in our Business Banking Terms and Conditions, the Customer Information Appendix takes precedence. 1.3 Changes to these Terms We may change these Terms at any time. We ve explained when we may do this, and why, in detail in our Business Banking Terms and Conditions. If we do change these Terms or our Business Banking Terms and Conditions, your Fixed Deposit won t be affected until it matures or is renewed. 1.4 Technical language Some of the words and phrases in this document have a specific meaning. We ve capitalised these words and included them in a Glossary at the end of our Business Banking Terms and Conditions. 1.5 We and you By we, us or our, we mean HSBC Bank plc. By you or your, we mean you as a person (if you are a sole trader) and your business or legal entity (including companies and partnerships). 4

2. Opening your Account Before you can open a Business Money Market Account, you ll need a sterling business current account or a business instant access savings account with us. We ll call either of these a Business Account. You ll have to hold that account for as long as you have the Business Money Market Account. 2.1 Minimum Deposits You can only make Deposits in sterling. Your Account must have at least the following amount of money in it: 50,000 for Call Deposits and Notice Deposits 250,000 for Fixed Deposits of less than seven days 50,000 for Fixed Deposits of seven days up to three months 5,000 for Fixed Deposits of three months to five years. We may let you have less than these minimum amounts in your Account. There are no upper limits. We can only pay cleared funds into your Money Market Account. If you want to open your Account using a Cheque, we ll pay it into your Business Account first, wait until it clears, then transfer the money. If the Cheque is returned, we won t pay you any interest on the Deposit for the time the money was in there. We may also cancel your Deposit and transfer the money in it to the Business Account it came from. If we do, you may have to pay a transaction charge on your Business Account for the transfer. You can find these charges in our Price List. 2.2 Giving us instructions You can give us your instructions in different ways, depending on what type of Deposit you ve got (Call, Notice or Fixed). Type of Deposit What you want to do By post or phone, to our Money Market Office Through your usual contact at HSBC By Business Telephone Banking Call Deposit New Deposit Yes Yes Yes No Notice Deposit Add Withdraw Yes Internal Transfer only (not automatic Yes Internal Transfer only (not automatic By Business Internet Banking (but not secure e-message) Yes Yes Yes (except automatic Yes Yes Yes (except automatic New Deposit Yes Yes Yes No Add Yes Yes Yes Yes (except automatic Withdraw Yes Yes Yes Yes Fixed Deposit New Deposit Yes Yes Yes No 2.3 Statements Renew Yes Yes Yes No Repay Yes Yes Yes No We ll send you a statement for Business Money Market Call Accounts and Notice Accounts at least twice a year. 5

2.4 Tax There are specific rules for sole traders in Jersey, Guernsey and the Isle of Man, which we explain in full in our Business Banking Terms and Conditions. 3. Your Call Deposit or Notice Deposit Account 3.1 Opening your Account Call Deposit Accounts give you instant access to your money. With Notice Deposit Accounts you need to tell us before you make withdrawals or close your Account. We offer Notice Deposit Accounts with notice periods of: 7 days 14 days 1 month 3 months 6 months. We can open a new Call Deposit or Notice Deposit Account for you with 50,000 using Internal Transfer (but not automatic transfer) from a Business Account. You can deposit or withdraw as much money as you like, but if there s less than 50,000 in your Account, we may close it. 3.2 Deposits and withdrawals 3.2.1 Call Deposit Account You can add money to your Call Deposit or Notice Deposit Account using Internal Transfer (including automatic transfer) from a Business Account. You can withdraw money from your Call Deposit Account using Internal Transfer (including automatic transfer). 3.2.2 Notice Deposit Account You can add or withdraw money from your Notice Deposit Account using Internal Transfer (but not automatic transfer) to a Business Account. If you want to do this, you should tell us first. If you withdraw money without giving us enough notice, we ll charge you 60. We may change this fee from time to time, but not for existing Notice Deposit Accounts. 3.2.3 Cut-off times We ll only make payments in and out of your Account on a Working Day (unless it s an automatic transfer). If we receive your instructions by 5pm on a Working Day we ll start processing them the same day, unless you want to make a Call Deposit transfer using Business Internet Banking, when we need to receive your instructions by 6pm on a Working Day. If we receive your instructions after the Cut-Off Time, we ll start processing them on the next Working Day. 3.3 Interest We pay Credit Interest on all our Call Deposit and Notice Deposit Accounts. These Accounts have variable interest rates, which means they can change from day to day. You can find out the current rates by contacting the Money Market Office. We calculate how much interest we ll pay you based on your available balance each day. 3.3.1 When we ll pay you interest Call Deposits can be: standard deposits, monthly interest deposits or daily interest deposits. Notice Deposits can be: 6

standard deposits or monthly interest deposits. For standard deposits, we pay Credit Interest up to the end of June on 1 July and up to the end of December on 1 January each year. For monthly interest deposits, we pay Credit Interest on the monthly anniversary of the day you opened your Account. For daily interest deposits, we pay Credit Interest the day after we calculate it. All this interest goes into your Business Money Market Call Account or Business Money Market Notice Account as appropriate. When we repay any Deposit in full, we ll calculate your Credit Interest up to the day before we repay it, then pay it, with the Deposit into the Business Account that the Deposit came from, or to another Business Account in the same name. 4. Your Fixed Deposit Account 4.1 Opening your Account We can open a new Fixed Deposit for you by using Internal Transfer (but not automatic transfer) from a Business Account. You can t withdraw part only, but you can withdraw the full amount of the Fixed Deposit before it matures, as long as it s less than 50,000. If you do, we ll charge you 100, to cover our costs and any losses we expect to suffer as a result of the early withdrawal. We may change this fee for new and renewed Fixed Deposits, but not for Fixed Deposits you already have. You can t withdraw any of the Fixed Deposit before it matures if you ve invested 50,000 or more. You can t add to your initial Deposit, but you can have more than one Fixed Deposit. 4.2 When your Fixed Deposit matures When your Fixed Deposit matures, we can transfer all or part of the money into a Business Account by Internal Transfer or reinvest all or part of the money in a new Fixed Deposit on the prevailing interest rate and terms. If you want, we can automatically renew your Fixed Deposit on the prevailing interest rate and terms each time it matures. If you haven t given us any instructions about what to do with the Fixed Deposit when it matures, we ll renew it for the same length of time and amount, at the prevailing interest rate and subject to the prevailing terms. This doesn t apply to money you deposit overnight in your Fixed Deposit Account, which we ll repay to the Business Account it came from or to another Business Account in the same name. To tell us what you want to do, you can telephone us direct or via Business Telephone Banking (in either case, between 8am and 5pm). Alternatively you can speak to your relationship manager or contact us by post. 4.3 Interest We calculate how much interest we ll pay you based on your available balance each day. We pay Credit Interest at a fixed interest rate on Fixed Deposits. The rate is set when you open your Account. We ll send you a written confirmation of this on the next Working Day. 4.3.1 When we ll pay you interest For Fixed Deposits that last 12 months or less, we ll pay your Credit Interest when the Deposit matures. For Fixed Deposits that last more than 12 months, we ll pay your Credit Interest yearly on the anniversary of the day you opened your Account. For Fixed Deposits that last 6 months or more, we can pay Credit Interest each month, on the same day of the month as you opened your Account if you ask us to. All this interest goes into the Business Account from which we took the Deposit. When we repay a Deposit of any length in full, we ll calculate your Credit Interest up to the day before we repay you, then pay it into the Business Account with the rest of the Deposit, or to another Business Account in the same name. 7

5. Closing your Account To close your Account please: call us write to us visit a branch use Business Telephone Banking. 5.1 Fees Where we tell you the amount of a fee we will charge you for early withdrawal from an Account, this is to cover our costs and the losses we expect to suffer as a result. We won t charge a fee if you re closing your Account because you don t accept a change that we re making to these Terms or the Business Banking Terms and Conditions. 5.2 When we may close your Account We may close your Account by giving you thirty days notice in writing. The notice won t expire until the latest maturity date. We may also close your Account immediately if you breach these Terms, the Business Banking Terms and Conditions or become Insolvent. 8

About HSBC HSBC Bank plc is a company registered and established in England and Wales under registration number 14259. Our registered office is at 8 Canada Square, London E14 5HQ. Our VAT registration number is GB365684514. HSBC Bank plc is: authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (our firm reference number is 114216) regulated by the Jersey Financial Services Commission for Banking, General Insurance Mediation and Investment Business licensed by the Guernsey Financial Services Commission for Banking, Insurance, Collective Investment Schemes and Investment Business licensed by the Isle of Man Financial Supervision Commission. hsbc.co.uk Issued by HSBC Bank plc. Customer information: PO Box 6201, Coventry CV3 9HW Isle of Man: PO Box 20, HSBC House, Ridgeway Street, Douglas, Isle of Man IM99 1AU Jersey: PO Box 14, St Helier, Jersey JE4 8NJ Guernsey: 20 22 High Street, St Peter Port, Guernsey GY1 2LB Printed by St Ives Management Services Ltd LIT01564 MCP43995 09/14 HSBC Bank plc 2014. All Rights Reserved.