HSBC Flexi Instalment Plan (Terms and Conditions)

1. The following terms shall have the following meanings:
"Eligible Purchase" means a purchase by a Cardholder or Supplementary Cardholder of qualifying goods from participating United Travel outlets in Oman (excluding cash advances) of such minimum amount as the Bank may from time to time determine made using a qualifying Card issued in Oman by HSBC Bank Middle East Limited (HSBC In-Site and Corporate Cards are excluded).
"FIP Principal Sum" means the amount of the Card Transaction in the Billing Currency relating to an Eligible Purchase which the Bank and Cardholder agree shall be converted into a FIP.
"FIP Term" means the duration of the FIP expressed in the number of calendar months.
"FIP Monthly Payment" means the FIP Principal Sum divided by the FIP Term.
"Statement Date" means the Statement generation date which appears on the Card Account Statement.
"Cardholder Agreement" means the Terms and Conditions governing the Card Account which are available on www.oman.hsbc.com

2. To take advantage of this offer, the Cardholder, after making an Eligible Purchase, must fax a FIP Request Form to the Bank together with a copy of the relevant invoice. The FIP Request Form must be received by the Bank before the next Card Statement Date. The Bank may, at its absolute discretion, agree to the Cardholder's request.

3. On approval of the Cardholder's request, the Bank will convert the relevant Card Transaction into a FIP. Once agreed, the FIP Term cannot be changed. The Card Statement will set out the FIP Monthly Payment due and the remaining balance of FIP Monthly Payments.

4. The amount of credit available on the Card Account shall be reduced by the aggregate amount of any FIP Principal Sum(s) outstanding in relation to that Card Account.

5. The first FIP Monthly Payment will be added to the Amount Outstanding and the Minimum Amount Due on the Card Account and be paid by the Cardholder in accordance with Clause 8 in the Cardholder Agreement starting from the Statement of Account immediately following the date on which the FIP is agreed and every month thereafter until all FIP Principal Sum(s) have been repaid in full.

6. If the Cardholder does not make a payment equal to or more than the Minimum Amount Due on or before the Payment Due Date for two consecutive Billing Periods then the Bank may, at its sole discretion, cancel any outstanding FIPs and add an amount equal to the outstanding FIP Principal Sum(s) to the Amount Outstanding which will be payable in accordance with Clause 9 in the Cardholder Agreement. The Bank may at its discretion also charge a cancellation fee to the Cardholder.

7. If the Cardholder seeks to close the Card Account prior to the end of any outstanding FIP Term, the outstanding FIP Principal Sum(s) will be added to the Amount Outstanding which will be payable in accordance with Clause 9 in the Cardholder Agreement. The Bank may, at its discretion, charge a fee.

8. The provisions of Clause 2.6 in the Cardholder Agreement shall apply to any Eligible Purchases subsequently converted into a FIP.

9. The Bank may, at any time and without any prior notice or liability to the Cardholder, vary or terminate the FIP. However, any such variation or termination shall not affect FIPs agreed prior to the date of such variation or termination.

10. The Terms and Conditions of the Cardholder Agreement shall also apply to this Offer, however in the event of a conflict between the Cardholder Agreement and these Terms and Conditions, provisions of these Terms and Conditions shall prevail