The Cash Account Management Agreement serves as the foundational document governing the relationship between financial institutions and their clients in Hong Kong for cash account services. This agreement is essential when establishing new banking relationships or updating existing account arrangements to comply with current regulatory requirements. It encompasses comprehensive terms for account operation, including security protocols, electronic banking services, and compliance with Hong Kong's banking regulations, particularly the Banking Ordinance (Cap. 155) and Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615). The document is designed to protect both parties' interests while ensuring operational efficiency and regulatory compliance in the Hong Kong banking context.

1. Parties: Identification of the bank and the account holder(s)

2. Background: Context of the agreement and relationship between the parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Scope of Services: Overview of account management services provided under the agreement

5. Account Opening and Operation: Requirements and procedures for opening and operating the account

6. Authority and Instructions: Procedures for giving instructions and authority levels

7. Fees and Charges: Details of applicable fees, charges, and payment terms

8. Interest: Interest calculation, payment, and variation terms

9. Account Statements and Records: Provisions regarding account statements, frequency, and record-keeping

10. Security and Access: Security measures and access protocols for the account

11. Client Obligations: Client's responsibilities and compliance requirements

12. Bank's Rights and Obligations: Bank's responsibilities, rights, and service commitments

13. Anti-Money Laundering Compliance: AML/CTF compliance requirements and procedures

14. Data Privacy and Confidentiality: Handling of personal data and confidential information

15. Liability and Indemnity: Limitation of liability and indemnification provisions

16. Amendment and Variation: Procedures for changing agreement terms

17. Termination: Conditions and procedures for terminating the agreement

18. Governing Law and Jurisdiction: Hong Kong law as governing law and jurisdiction provisions