We are updating our General Terms & Conditions, which will take effect on 26 December 2024. You can find the updated General Terms & Condition via this link.
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Please note that the updated General Terms & Conditions will be binding on you if you continue to operate your Account and/or use our Services and/or use our Platform and/or otherwise provide information to or communicate with us, on or after 26 December 2024. If you do not accept the revised terms, you have the right to terminate your account with us.Â
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Please feel free to get in touch with us on support@endowus.com if you have any questions.
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Summary of Amendments to the “General Terms & Conditions” (Changes indicated as strikethrough for deletion and grey highlighted for newly added)
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Exisiting Clause |
Revised Clause |
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7.3.3
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We may deduct your Account with the full amount of any Fees and/or Taxes payable by you, or any other monies owed by you to us pursuant to any liability of any nature arising in respect of the Account or otherwise. In the event of insufficient cash balance in your Account, we may liquidate your positions in your Investment Portfolio or collect any uninvested cash as reflected in your Account to satisfy any shortfall.
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We may deduct your Account with the full amount of any Fees and/or Taxes payable by you, or any other monies owed by you to us pursuant to any liability of any nature arising in respect of the Account or otherwise. In the event of insufficient cash balance in your Account, we may liquidate your positions in your Investment Portfolio, or collect any uninvested cash as reflected in your Account, or transfer Assets in your Investment Portfolio to ourselves to satisfy any shortfall. In some cases, where we are unable to liquidate the precise number of units in your Investment Portfolio in order to set off our Fees and/or Taxes payable by you, you agree that we may redeem or subscribe slightly more or less units to make such payment, and in such event clause 8.10.4 may apply.
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8.10.4
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[N/A] Note: Existing Clause 8.1.4 will now be renumbered as Clause 8.10.5
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In some cases, due to the aggregation of Investments, when we / the Broker and/or Custodian redeem or subscribe for Investments on a consolidated basis, it may be administratively impossible or impracticable to apportion residual sums of money amongst all the relevant customers. To the extent that such sums are of de minimis value, you agree that we may forfeit such sums which we may use at our discretion (including to top up any residual sums of money required where there are shortfalls due to the consolidated nature of the orders);
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