By clicking “I agree and accept” button and using this Application (“App”) to subscribe to the bonds made available for subscription in the App (the “Bonds”), I understand and agree to the following terms and conditions of Bonds.ph (“Agreement”), as Selling Agent:

1. Bonds Issuance. The Republic of the Philippines (the “Government”) through the Bureau of the Treasury (BTr) is the Issuer of the Bonds, and Bonds.ph is only acting as a Selling Agent. As such, the Bonds are direct obligation of the Government to the holders thereof. The Bonds are not deposits and are not insured by the Philippine Deposit Insurance Corporation (PDIC).

2. BTr’s Terms of Offering. The terms of the BTr’s offering of the Bonds is available for download at the website of the BTr (https://www.treasury.gov.ph/). It is my responsibility to ascertain the exact features of the Bonds, including among others, minimum denominations, maximum investment, interest rate, taxation and whether tradeable in the secondary market, by reviewing the relevant terms of offering in the BTr’s website, and to understand and agree to such terms before investing in the Bonds.

It shall also be my responsibility to monitor announcements and other information regarding the relevant Bonds I am buying, which are made available on the website of the BTr. Bonds.ph shall only be responsible for notifications stipulated in this Agreement.

3. Highlights of the Bonds Offering.  I have read and accept the terms of the offering of the Bonds including the benefits and risks involved in investing on the Bonds. For easy reference, key terms of the Bonds are provided by Bonds.ph on this App.

4. Eligibility, Legal and Financial Capacity. I represent and warrant that I have the legal and financial capacity to purchase the Bonds or sell the same, if applicable (as provided in Section 13). Any of my transactions on the Bonds is based solely on my own judgment. UnionBank will only execute my order relating to the Bonds without providing any warranty on the value or suitability of the Bonds.

I further represent that I am an eligible investor in accordance with the terms of offering of the relevant Bonds I am buying.

5. Information. Bonds.ph shall rely on, and consider accurate, all the information I provided in this App. I represent that such information is true and it is my responsibility to update the same should there be any changes. 

Bonds.ph will keep my information confidential and secure. I have read and consented to the processing of my personal information as stated in the Data Privacy Policy of Bonds.ph found in its website https://www.unionbankph.com/privacy-security/. 

6. Subscription or Purchase Order. My order to purchase the Bonds is final and shall be binding on me upon submission, but the final order amount shall be subject to the BTr’s acceptance and final allocation of the Bonds on Issue Date (as provided in the terms of offering of the Bonds). 

7. App Settlement Account. A settlement account is required in the App where the funds for purchasing the Bonds will come from and the interest and maturity payments of the Bonds will be credited to (“App Settlement Account”). The App Settlement Account may be funded via online banking facilities, electronic online payment wallets (“E-Wallets”), and over-the counter payments.

8. Fees. Bonds.ph will not charge any fee for my use of the App for subscribing or purchasing the Bonds. 

However, for Bonds allowed to be traded in the secondary market, Bonds.ph will charge customary broker’s fees for selling my Bonds in accordance with Section 13 of this Agreement. The Philippine Dealing Exchange Corp. or other authorized trading platform by the regulators may also impose applicable fees for the secondary market trading of the Bonds.

I also understand that my E-Wallet or other payment channels that I will use in the App may charge fees such as cash-in and cash-out fees or convenience fees, as may be applicable. I understand that my E-Wallet providers or other payment channels have existing terms and conditions governing these fees and it is my responsibility to read and accept such terms. Standard short messaging service and mobile data charges will also apply by using this App. 

9. NRoSS Account. I am required to have a securities account with the BTr’s National Registry of Scripless Securities (NRoSS) which will be opened by Bonds.ph on my behalf. As such, I authorize Bonds.ph to transact, for and on my behalf, business with the BTr which operates the NRoSS, to negotiate and enter into the necessary agreement with the BTr, and perform the following acts:

1. To open a sponsored securities account with the NRoSS through a BTr-authorized electronic means; and

2. To execute transfer transactions allowable under the relevant offering documentation.

In connection with such authority, I hold the BTr and Bonds.ph free and harmless from any liability whatsoever in connection with any failure or delay to perform instructions including instructions coming from me, where such instruction or the giving thereof may be or become contrary to law, regulation, policy or guidelines of Bonds.ph or the BTr.

This authorization shall be considered revoked upon receipt by Bonds.ph or myself of a written notice from the other, without prejudice to any transaction implemented by Bonds.ph or the BTr prior to receipt of such written notice.

10. Investor’s Undertaking. In relation to Section 9 above, I warrant that I have read and accept as binding upon me all the terms of the Investor’s Undertaking required by the BTr, found in this App.

Sections 9 and 10 are only applicable to me if I do not have an existing NRoSS Account sponsored or opened by Bonds.ph.

11. Confirmation of Sale. On Issue Date and upon successful purchase of the final Bonds allocation, Bonds.ph will send a Confirmation of Sale to my registered email address. 

No certificate will be issued to me, as my ownership will be registered electronically under the BTr’s NRoSS. 

12. No Pre-termination. I cannot pre-terminate the Bonds prior to Maturity Date (as provided in the terms of offering of the Bonds). 

13. Sell Order. If the terms of the offering of the Bonds allow secondary market trading, and I  want to sell all or a part of my Bonds after Issue Date but prior to Maturity Date, I may ask Bonds.ph to sell my Bonds in the secondary market by leaving a sell order in this App. Bonds.ph will only act on my sell order on best effort and best execution bases based on prevailing market interest rates.  

Bonds.ph will charge customary broker’s fees for selling my Bonds. The sale of the Bonds in the secondary market shall also be subject to fees prescribed by the Philippine Dealing Exchange Corporation or such exchange where the Bonds are listed. The proceeds of the amount actually sold by Bonds.ph on my behalf will be credited to my App Settlement Account on the next banking day.

14. Confirmation of Purchase. Upon successful execution and settlement of my sell order, Bonds.ph will send a Confirmation of Purchase to my email.
    
    

15. Electronic Signature. Subscribing in the primary offering of  the Bonds or selling the same (as provided in section 13) through this App or agreeing with this Agreement or the BTr’s Investor’s Undertaking does not require my physical written signature as my identity and consent to these transactions shall be conclusively presumed upon successful login in the App. My submission of orders through this App represents my consent and signature to my transactions. I undertake not to repudiate, in whole or in part, the enforceability and validity of my transactions in this App.
    
    

16. Liability. Bonds.ph shall not be liable for any losses I may incur arising from my subscription  or sale of the Bonds. Bonds.ph shall also not be liable for any losses I may incur resulting from my use of the App except in case of gross negligence on the part of Bonds.ph as adjudged with finality by a court of competent jurisdiction.
    
    

17. Communication. Bonds.ph will send notifications only to my registered email address  or via this App. Should I have any inquiry regarding my Bonds, I should communicate with Bonds.ph using this App or through support@bonds.ph.  

Bonds.ph is an entity regulated by the Bangko Sentral ng Pilipinas. BSP-Financial Consumer Protection Department (FCPD) accepts complaints at (02) 8708-7087 or consumeraffairs@bsp.gov.ph.

18. Changes to the Agreement. This Agreement is subject to change from time to time. Notification on such change will be available in the App.
    
    

19. Governing Law. This Agreement shall be construed, interpreted and governed by the laws of the Republic of the Philippines. I irrevocably submit to the exclusive jurisdiction of the appropriate courts of the Philippines for the purpose of enforcing any right or obligation under or arising from this Agreement.