重大合约年月日之认购协议-APACResources.PDFVIP

RISK DISCLOSURES Bond investment is NOT equivalent to a time deposit. It is NOT protected under the Hong Kong Deposit Protection Scheme. Do not invest in bond unless you fully understand and are willing to assume the risks associated with it. Please seek independent advice if you are unsure. Issuer Risk Bond is subject to both the actual and perceived measures of credit worthiness of the issuer. There is no assurance of protection against a default by the issuer in respect of payment or repayment obligations. You might not be able to recover the principal and any coupon if the issuer defaults on bond. Different bonds represent and comprise different obligations on the part of the issuer, for example the obligations may be direct, unsubordinated, subordinated, unsecured or secured obligations of the relevant issuer. Holders of a certain type or class of bonds may bear higher risks than holders of other types of bonds or securities if their bond has a lower priority of claim in the event of the issuer’s default or insolvency or liquidation. You should therefore apprise yourself of the nature of the obligations of a particular bond issue and what claim priority exists in the event of the default or insolvency or liquidation of the issuer. Risk of Change in Credit Rating Some bonds are rated as ‘investment grade’ or ‘non-investment grade’ by independent credit rating agencies. Such credit ratings may change or cease during the lifetime of a bond. You must continuously apprise yourself of credit rating information and status to ensure that the bond, in which you have invested, remains suitable for you. You are encouraged to contact your Investment Consultant for assistance if necessary. Liquidity Risk Bonds are mainly for medium to long term investment, and are not for short term speculation. You should be prepared to invest your funds in bonds for the full investme