Terms and Conditions of Use

In this document:

  • References to 'you', 'your' and 'yours' are references to you, the person(s) accessing this site (hereinafter the 'Site')
  • References to 'we', 'us' and 'our' are references to HSBC Group and the HSBC entity that provides HSBCnet to you or to the customer you represent
  • References to the 'HSBC Group' are references to (i) HSBC Holdings plc and (ii) its holding and subsidiary companies and (iii) the holding and subsidiary companies of any entities identified in (ii) above or their holding or subsidiary companies, and (iv) any entities over which any entity identified in (i), (ii) or (iii) above exercises management control, even though it owns less than 50% of the shares, all from time to time. For the purposes of this clause, a company is a 'subsidiary' of another company, its 'holding company', if that other company -
    1. holds a majority of the voting rights in it, or
    2. is a member of it and has the right to appoint or remove a majority of its board of directors, or
    3. is a member of it and controls alone, pursuant to an agreement with other shareholders or members, a majority of the voting rights in it,
      or if it is a subsidiary of a company which is itself a subsidiary of that other company
  • References to 'market information' on this Site refer to market and research related services contained within various HSBC websites. Please read the terms and conditions and privacy statement of each website as terms may differ. Market information includes, but is not restricted to, global research, bonds offerings, market data, market commentary and trading ideas each of which may be subject to their own terms and conditions. References to 'HSBC' in the context of market information are references to the Global Markets division of the HSBC Group company that provides such services to you

Please note that pursuant to any applicable data protection laws in each jurisdiction (including, without limitation, the European Data Protection Directive 1995 (hereinafter the 'Directive' ) and any national laws implementing the Directive), we are obliged to inform you that any personal information (for the purposes of the Directive 'Personal Data' shall be defined as follows: any information relating to an identified or identifiable natural person ('data subject'); an identifiable person is one who can be identified, directly or indirectly, in particular by reference to an identification number or to one or more factors specific to his physical, physiological, mental, economic, cultural or social identity;) (hereinafter 'Personal Data' ) may be disclosed, processed, stored and transferred by us and other members of the HSBC Group on a worldwide basis for the purposes of:

  • providing services to the company whom you represent and/or for servicing our relationship with them or you; or
  • verifying your identity; or
  • preventing and detecting crime; or
  • audit requirements; or
  • compliance with appropriate governmental and non-governmental regulators or ombudsmen

We will not disclose or transfer Personal Data to third parties for the purposes of marketing. However, Personal Data may be disclosed or transferred worldwide to agents or third parties authorised to act on our behalf or other members of the HSBC Group or to third parties including our subcontractors, for the purposes listed above. If you are in the European Economic Area, please note that we may also in connection with the above purposes transfer your Personal Data to members of the HSBC Group and third parties located in countries outside of the European Economic Area.

By accepting these Terms and Conditions, you shall be treated for the purposes of any applicable data protection law (including the Directive) as having consented to the disclosure, processing, storage and transfer of all such Personal Data in the manner described above.

If you wish to use any software or materials made available on this Site the following restrictions apply:

  • You may only use the software and materials as strictly necessary for the intended business purpose of the company whom you represent;
  • You undertake not to alter, reverse engineer, copy (other than to the extent necessary for the permitted use), publish or impart to any third party any such software or materials
  • You may only use such software or materials subject to any disclaimers or other restrictions on use or on liability, or any other warranties or terms that appear on or are supplied with any such software or materials

For market information services only:

HSBC Securities (USA) Inc. accepts responsibility for the content of research reports prepared by its non-US foreign affiliates. All U.S. persons receiving and/or accessing such reports and wishing to effect transactions in any security discussed therein should do so with HSBC Securities (USA) Inc. in the United States and not with its non-US foreign affiliates. Market information services are not intended to provide professional advice and should not be relied upon in that regard. Persons accessing these pages are advised to obtain appropriate professional advice where necessary. No consideration has been given to the particular investment objectives, financial situation or particular needs of any recipient.

Market information is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Market information is obtained from sources believed to be reliable but which has not been independently verified; no guarantee, representation or warranty is made and no responsibility or liability as to its accuracy or completeness is accepted.

Expressions of opinion are those of HSBC only and are subject to change without notice. HSBC Group companies and/or their officers, directors and employees may own or have positions in any securities mentioned in this Site (or in any related investment) and may from time to time add to or dispose of any such securities (or investment).

HSBC Group companies may act as market maker or have assumed an underwriting commitment in the securities of companies discussed in this Site (or in any related investment).

HSBC may sell securities to or buy them from customers on a principal basis and may also perform or seek to perform investment banking or underwriting services for or relating to those companies. This material may not be reproduced or further distributed, in whole or in part, for any purpose.

Any notice to be given under these Terms and Conditions must be communicated by post, telex, email or facsimile to the address most recently notified by the receiving party. Receipt of notice shall be deemed to occur at the time when the notice would in the ordinary course be delivered or transmitted.

If you are accessing this Site from any of the following countries your use of the Site will be subject to additional terms and conditions ('Country Clauses'). These can be viewed by clicking the link to the relevant country listed below. Your use of the Site shall be governed by these terms and conditions and the Country Clauses, but to the extent that there is any conflict, the Country Clauses shall prevail. By accepting this agreement you agree to be bound by these terms and conditions and the Country Clauses.

Country Clauses

HSBCnet SMS Alert Message

You may be offered the HSBCnet SMS Alerting service. If you use this service, the following disclaimer will apply.


Important notes: this Alert is for your reference only and has been automatically generated by HSBCnet. We have not verified the content of this Alert and bear no responsibility therefore. You should conduct your own verification and confirmation regarding the information including, without limitation, the status of any transaction mentioned in it.

Where this Alert is sent over the internet or by SMS text message, you should take note that such communication may be delayed, interrupted or could fail. In particular, email messages sent over the internet cannot be guaranteed to be timely, secure, error or virus-free as information could be intercepted, corrupted, lost, arrive late or contain viruses. The Bank and HSBC Group members shall bear no liability whatsoever for any direct, indirect or consequential loss arising from the use of this Alert whether caused by the Bank or third parties.

The information contained in this Alert is confidential and may also be legally privileged. If you are not the addressee, you may not copy, forward, disclose or use any part of it. If you have received this Alert in error, please delete it and all copies from your system and notify the sender immediately.