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rules of the
game: Exclusions & Legal Stuff
WHO CAN PLAY
Any individual, club or informal partnership (stokvel) may enter the game in
their private capacity, unless they fall under the exclusion rule below.
WHO'S EXCLUDED
No employees of the MAM partners (Moneyweb Holdings Limited, Galileo
Capital, Online Securities Limited t/a PSG Online) or any members of their
immediate families will be eligible to win the competition.
COMPETITION RULES
INTRODUCTION
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The competition is run by Make-a-Million (Pty)
Ltd. The competition's organiser is Make-a-Million ("the organiser").
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No employees of the organiser or of Moneyweb
(Pty) Ltd, Galileo Capital (Pty) Ltd, Online Securities Ltd or any
members of their immediate families are eligible for any prizes.
ACCEPTANCE OF RULES
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These are the rules governing participation in
the competition. If you do not wish to be bound by these rules, you
should not enter the competition. By entering the competition, you
confirm that you have read and accept these rules and will be bound by
them.
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By participating in the competition, you
further agree to be bound by PSG Online's Internet
terms & conditions.
By clicking the check box on the Make-a-Million registration page, you
agree to accept these rules and to be bound by them.
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The organiser reserves the right to cancel,
modify or amend the competition at any time, if deemed necessary in its
opinion, or if circumstances arise beyond its control.
HOW TO REGISTER
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You may compete in the competition by
registering online at either the Make-a-Million website or the PSG
Online website ("the website").
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Entry to the competition opens on Monday,
27 July 2009. Entries close on Friday, 13 November 2009.
Please take note that you may be at a disadvantage if you enter later
than other entrants and that the competition rules will not be amended
to accommodate you.
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The competition will commence at 09h00
on Monday, 31 August 2009 and will close at 17h00 on 27
November 2009.
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In order to register you need to open a
separate MAM5 SSF trading account by completing the following
online
application form.
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If this is your first registration with PSG
Online you are required to submit the required Fica documents which can
be faxed through to 011 996 5495.
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To participate an entrant must deposit exactly
R10 000 into Online Securities (Pty) Ltd's bank account for each entry.
This amount is calculated as follows:
I.
R 9 000 – trading funds which can be used as the
initial margin on your positions (this money or the single stock futures it
buys belongs to you, even after the competition, provided that no losses
have been incurred on your positions which are not covered by your
maintenance margin
II.
R 1 000 – variation margin which is held in a JSE
trustees account and will accumulate interest at the applicable JSE Trustees
rate for the duration of the competition and is held as a provision for
losses incurred which exceed the R9 000 initial required margin value.
III.
NO ENTRY FEE is required.
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An entry is valid once the organiser has
confirmed to you in writing or by e-mail that you have entered
successfully by completing the online registration process, depositing
the relevant amount (refer point 6) into the Online Securities-MAM bank
account and supplying the necessary FICA documentation. You undertake to
provide to the organiser such correct personal particulars as are
necessary.
The banking details are:
Account name: Online Securities-MAM
First National Bank (FNB)
Account no: 62225360700
Branch no: 255005 (Corporate Account Services - Jhb)
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There is no restriction on the
number of entries. You may enter as many times as you like. Entry to the
competition may be restricted at any time at the organiser's sole
discretion.
HOW THE COMPETITION WORKS
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You may only trade SSF contracts on the Top 40
shares listed on the JSE as well as selected ETFs. There is no limit to
the number of transactions or the volumes of contracts held within the
limit of the initial portfolio value of R9 000. All SSF contracts will
be automatically rolled over to the next valid SSF contract expiry date
for the same instrument, unless competitors agree a different procedure
with the organizer in writing.
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The organiser’s may also offer IDXs to be
traded during the competition. In the event of such an inclusion the
competition organisers will notify competitors of this inclusion and any
limits imposed on trading these contracts via email and on the MAM
website.
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Competitors may not add additional funds to
their initial portfolio value unless the funds are to be leveraged
against losses incurred once all of their positions have been closed and
their initial and maintenance margins do not cover these losses.
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Dealing in SSFs can take place between 09h00
and 17h00 on any business day. You may telephone 0860 774 774 during
these times for a portfolio update.
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You may withdraw your entry at any stage of
the competition. Any withdrawal of cash will be deemed to be a
withdrawal from the competition.
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To qualify for the R1 million prize you must
trade your SSF positions out to cash before the closing date – i.e.
you start the competition with cash and, for the purposes of your
competition entry, you should end the competition with cash. This rule
does not apply to other prizes in the competition.
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The system will deduct normal brokerage
commission and the market-makers commission when contracts are bought or
sold. Cash balances will attract interest.
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The ruling price (being the last recorded
sales price) will apply when SSFs are traded. The system is able to
automatically adjust portfolio holdings in the event of changes in the
capital structure of a company's shares.
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You must ensure that all care is taken when
you enter into transactions. The organiser will not be held liable for
costs incurred or any other consequences of participants’ errors.
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You undertake to provide a “Leader Board name"
or alias. Your chosen name will not necessarily be available to you if
chosen by another entrant or if, in the organiser's sole discretion, it
is not acceptable.
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The organiser may clear (“blank out”) the
“Leader Board” two weeks before the closing date of the competition, for
the purposes of the competition.
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The organiser may use your personal
particulars for future promotional, marketing and publicity purposes of
the organiser and its associated companies and entities.
WINNING
- Make a Million
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The competition winner will be the participant
whose cash balance is the highest at the end of the competition period.
Any contracts still held in your portfolio will not be counted.
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The R1 million prize is not transferable,
negotiable or deferrable. In the event of a tie, the prize money will be
split. The prizewinner will be notified within three weeks of the close
of the competition.
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The organiser's decision is final and no
correspondence will be entered into. Neither the organiser nor its
agents will be held responsible to any entrant for any disputes arising
from the competition or prize awards.
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The organiser has the sole right to determine
what constitutes a winning entry, and whether a participant has validly
participated in the competition. The organiser will not enter into any
correspondence or discussion about the participation of any participant.
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The winner undertakes to take part in
publicity at the organiser's request, including publicity about
accepting the prize or by appearing for interviews. The winner grants
permission to the organizer to use the winner’s name and photograph in
the media and on the organiser's websites (Make-a-Million, PSG Online
and Moneyweb).
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Winners of specific sub-competitions that may
be run within the competition accept that certain other conditions may
apply as prescribed by the organiser and/or the respective sponsor of
the specific sub-competition.
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The organiser is of the opinion that prizes
may attract taxation. Accordingly, entrants are advised to seek their
own taxation or legal advice regarding their participation in the
competition. The organiser may withhold any portion of prize money for
the purposes of taxation if this is deemed necessary in the opinion of
the organiser or the South African Revenue Services.
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In the case of disqualification, any prize
moneys awarded must be refunded to the organiser forthwith.
WINNING – Weekly Trader Competition
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The Weekly Trader Competition is hosted as a sub-competition of the
Make-a-Million 5 Single Stock Future trading competition. Participants
will need to enter and abide by all of the Make-a-Million rules in order
to qualify for this sub-competition
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The prizes of the Weekly Trader competition include 7 x BlackBerry Curve
8900 Hosted Email (12 Months) by Vodacom Business (Free Internet and
Email). These prizes are sponsored by Vodacom Business, in conjunction
with BlackBerry. Any technical faults experienced with these prizes are
to be directed to Vodacom Business.
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The competition winner will be the participant whose portfolio
percentage return based on his Leaderboard position is the greatest at
the end of the trading week period.
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The trading week period will run from 09h00 on Monday to 17h00 on
Friday.
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To qualify for the Vodacom Business prize you do not need to trade your
SSF positions out to cash before the trading week period ends – i.e. the
weekly competition winner will be based on their Leaderboard portfolio
values.
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The Vodacom
Business
prize is not transferable, negotiable or deferrable. The prizewinner
will be announced during the Moneyweb show hosted on the Monday evening
post the trading competition week period.
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The organiser's decision is final and no correspondence will be entered
into. Neither the organiser nor its agents will be held responsible to
any entrant for any disputes arising from the competition or prize
awards.
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The organiser has the sole right to determine what constitutes a winning
entry, and whether a participant has validly participated in the
competition. The organiser will not enter into any correspondence or
discussion about the participation of any participant.
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The winner undertakes to take part in publicity at the organiser's
request, including publicity about accepting the prize or by appearing
for interviews. The winner grants permission to the organizer to use the
winner’s name and photograph in the media and on the organiser's
websites (Make-a-Million, PSG Online and Moneyweb).
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In the case of disqualification, any prizes awarded must be refunded to
the organiser forthwith.
CONDUCT OF COMPETITION
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The conduct of the competition and the
competition results will be overseen by the competition panel.
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Any violation or attempt to violate any of the
rules will result in the immediate disqualification of the transgressor.
Any contravention of the JSE Limited and SAFEX’s listing requirements or
of the Securities Services Act of 2004, or any market abuse, will result
in the immediate disqualification of the transgressor.
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The website may not always work due to
technical problems beyond the organiser’s control, and the continuous,
uninterrupted and error-free operation of the website or DMA
(Direct-market-Access) system is not guaranteed. The organiser does not
warrant that access to the website service or DMA system will be
available, uninterrupted, free from delay or error-free, or that any
defects in the website or DMA will be corrected. The organiser may in
his sole discretion exclude any participant from participation in the
competition in circumstances that in the organiser's sole discretion
renders that participant unfit to participate.
NO LIABILITY
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The organiser and its agents accept no
responsibility for any problems or technical malfunction of any
communication network or any late, lost, incomplete, misdirected,
incorrectly submitted, delayed, illegible or corrupted entries, and
shall not be liable to any entrant for any costs incurred, responses
received or any other consequences of user error.
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The organiser accepts no liability for any
loss or damage howsoever arising from your entry into the competition
and use of the website, whether due to any error, omission or any other
cause by the organiser, or by its employees or agents or others.
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Under no circumstances will the organiser be
liable for any indirect, incidental, special or consequential damages or
loss of profits that may result from any use of or access to, or
inability to use or access the website.
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The website and/or DMA system may not always
work due to technical problems beyond the organiser’s control, and the
continuous, uninterrupted and error-free operation of the website and
DMA system is not guaranteed. The organiser does not warrant that access
to the website and DMA service will be available, uninterrupted, free
from delay or error-free, or that any defects in the website or DMA
system will be corrected.
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If, for any reason, the website and/or DMA
system is not capable of operating as intended due to any cause
including, but not limited to, tampering, unauthorised intervention,
fraud, technical failure or other cause beyond the control of the
organiser and that corrupts or affects the administration, security,
fairness, integrity or proper conduct of the competition, the organiser
is entitled in its sole discretion to cancel or terminate or modify or
suspend the competition, or take any other action that may be available,
and disqualify any individual whom it deems to have tampered with the
competition, website and/or DMA system.
GENERAL
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The clause headings have been inserted for
ease of reference and do not form part of these rules.
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The organiser reserves the right to amend
these rules from time to time in its absolute discretion. You must check
the rules every time you visit the website. You agree to be bound by any
such alterations.
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These rules, including any amendments, are the
organiser's only rules governing the competition. All other terms,
conditions, warranties, representations or endorsements whatsoever
regarding the competition and the website, whether express or tacit or
implied by law, are excluded to the fullest extent permissible by law.
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All information, text, audio, software,
advertisements, graphics and other material forming part of or contained
in the website are the property of the organiser and/or its suppliers
and licensors, unless expressly indicated otherwise. All such material
is protected under the laws governing copyright and trademarks. You must
not modify copy, reproduce, republish, frame, upload to a third party,
mail, transmit or distribute any such material in any way, unless
expressly authorised in writing by, or on behalf of, the organiser.
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