1. Term

1.1 This Challenge begins on 17 January 2021 and ends on 17 June 2021, both dates inclusive (the “Challenge Period”).

2. Eligibility

2.1 This Challenge is open to alumni of all local higher learning institutions in Brunei.

2.2 The maximum number of teams for this Challenge is ten (10).

2.3 Each team must have 4 members.

2.4 The maximum age to join is 26 years old.

2.5 Each team must elect a team leader. The team leader will be responsible for liaising with the organiser on all matters relating to the Investment Challenge.

2.6 For the duration of the Investment Challenge, at least one member from each team must commit to attending all sessions organised by Baiduri Capital.

2.7 All teams must complete the online registration form by 17 December 2020.

3. Pre-requisites

3.1 All team members are required to attend a briefing prior to the start of the Baiduri Capital Investment Challenge.

3.2 Topics of the briefing include the types of securities, risks vs return concept and rules and sample game flow of the Investment Challenge.

3.3 Each team must provide a unique team name which cannot be similar to the other teams.

3.4 Each team must provide a designated and alternative email address as well as phone number for purpose of Trading Account opening and dissemination of information.

3.5 All participants must ensure to actively check on the emails for dissemination of information from the organiser.

4. Challenge Mechanisms

4.1 Each team will receive a startup capital of BND5,000.

4.2 Teams are allowed to purchase any securities listed on Singapore Stock Exchange (SGX), Malaysia Stock Exchange (BURSA), Hong Kong Stock Exchange (HKEx), China A-Shares (SSE-A) and U.S Stock Exchange (NYSE MKT LLC, NYSE and NASDAQ).

4.3 Teams can only place orders during the trading hours of the various exchanges.

4.4 Teams must sell all remaining securities in the portfolio before the end of the Investment Challenge.

5. Prizes

5.1 Teams will be awarded with profits gains from the investments made at the end of the competition. (i.e. any amount above the initial investment amount of BND5,000).

5.2 Any proceeds from the competition will be credited to the Mastercard Cash Card issued by Baiduri Bank to the respective team members.

5.3 Each participant will be presented a Certificate of Participation from Baiduri Capital.

5.4 Winners may be contacted to participate in the prize giving ceremony.

6. Prize giving ceremony

6.1 Date and venue for the prize giving ceremony shall be informed in due course

7. General

4.1 This Challenge is governed by Baiduri Capital’s terms and conditions on the related products and any other documents forming the banking agreement.

4.2 Baiduri Capital may, at any time and without prior notice or liability to any party, suspend or terminate the Challenge or vary these terms and conditions.

4.3 Baiduri Capital reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with the Challenge. Baiduri Capital’s determination of all matters relating to this Challenge shall be final and conclusive and no correspondence will be entertained.