Your strategic partner for cash investment solutions HSBC Global Asset Management

For professional and institutional clients only.

Not for further distribution

1 October 2013

2 www.globalliquidity.hsbc.com For Professional Investors only. Not for further distribution

Global Liquidity from HSBC Global Asset Management

HSBC Global Asset Management is HSBC’s core investment

business dedicated to managing assets for institutions and

individuals worldwide. Our liquidity team within HSBC Global

Asset Management are dedicated to helping organisations

of every kind make their cash reserves work harder through

intelligent investment solutions.

As part of the HSBC Group, we have local liquidity expertise

across both core and emerging markets. This helps us to

deliver global, multi-currency solutions to allow clients to

invest their cash in a consistently managed liquidity product.

HSBC Global Asset Management provides a wide range of

liquidity investment solutions. Our investment philosophy

is that liquidity management must be focused on risk

management. As such, we believe our responsibility to

investors is to aim to preserve capital and provide liquidity.

With a consultative approach to working with our clients,

solutions range from money market funds to highly

customised portfolios.

Thanks to our global expertise and solutions-driven approach,

our clients have entrusted HSBC with USD413 billion in

total assets under management, including USD62 billion in

liquidity and USD200 billion in fixed income mandates*.

Investment Philosophy

`` Preservation of capital

`` Daily liquidity

`` Active risk management

`` Extensive credit research

Our key strengths

` A prudent low-risk cash management

approach

` Detailed, considered set of investment

policies covering all aspects of risk

` A structured and methodical globally

consistent investment process designed to

deliver its objectives

` Distinctive credit approval and limit

setting process

` Strategic importance of liquidity as an asset

class allows HSBC to invest in high quality

and the right level of dedicated resources

` Investment and credit teams located in 14

locations globally*, benefiting clients with

their local market knowledge

` Dedicated client service team in all regions

to provide timely support to clients

` A full range of Liquidity investment

strategies in multiple currencies

*As at 30 June 2013

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Risk Management

We define risk as the failure to achieve Fund or client

objectives, as a result risk management is a key component

of our investment philosophy and process across all

asset classes.

Risks are managed based on rigorous procedures and

sophisticated tools, with appropriate due diligence carried

out by experienced professionals, who have built a strong

culture of risk management. All of our portfolios are subject

to on-going controls at each level of the investment process

(financial risk, execution, internal and clients’ guidelines).

The risk management process for each portfolio is to identify

what are the appropriate risk management metrics, and the

monitoring frequency and management action triggers that

will cause a review. These will vary according to the nature

and type of portfolio.

4 www.globalliquidity.hsbc.com For Professional Investors only. Not for further distribution

Partner with HSBC Global Asset ManagementIntegrated Cash Investment Solutions

HSBC Global Asset Management is trusted by companies

around the world to help them invest their cash effectively

and securely.

As part of HSBC, we look to integrate our activities with

those of our banking colleagues to offer investment

solutions that work seamlessly within the whole cash

management process.

Working with you every step of the way

We work in partnership with clients to identify cash that is

being under-utilised or taking too much risk.

We are committed to fresh and innovative thinking in

every aspect of liquidity investment, from formulating an

appropriate investment policy to executing and managing

investment strategies.

Every solution is driven by clients, allowing them to target

their specific requirements for security, access and yield.

Treating cash as a core asset class

Cash solutions are a core competency of HSBC Global

Asset Management. We treat it as a discrete asset

class that requires its own dedicated expertise and

active management.

We take active positions on duration to preserve capital

and improve yield. In portfolio construction, we tactically

emphasise cash instruments that, in our opinion, offer the

most relative value.

We also commit extensive resources to proprietary credit

research to ensure that every counterparty we use offers

the security and liquidity our clients expect.

Our in-house research capability also means we can often

take credit related investment decisions ahead of peers who

rely on third party analysis.

Why HSBC Liquidity?

As you would expect from HSBC, our cash investment

capability is truly global.

We can create solutions that incorporate cash reserves

across multiple jurisdictions, tax and regulatory

environments, and currencies.

No investment challenge is too simple or too complex. And

because we are HSBC, we can deliver solutions in more

markets and more currencies than almost anyone else.

Moreover, sales, relationship and investment management

teams are managed as one global team, so they are all

focused on the same goal: delivering the very best solutions

to every client.

Robust risk management `` A prudent, relatively low-risk cash management approach

`` Detailed, considered set of investment policies focused on managing risk

Disciplined investment process `` A structured and methodical globally consistent investment process

`` Distinctive credit approval and limit settling process

Experienced, dedicated teams `` Liquidity treated as a direct asset class with high quality, dedicated

investment and support resources

`` Investment and credit teams located in 14 locations worldwide* with local

market knowledge

Client focused `` Dedicated regional client service teams to provide timely support to clients

`` A range of Liquidity investment strategies in multiple currencies

* As at 30 June 2013

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HSBC Product OfferingConsistently Managed Global Solutions

HSBC provides a range of global and local liquidity products in a range of currencies to suit differing client requirements.

Depending on your location, you can invest and redeem using HSBCnet, a variety of 3rd party investment portals, direct via our

client service teams, or through automated two-way sweeps connected to your HSBC cash operating accounts.

International Money

Market Funds

Domestic Funds

Global Currencies

Domestic Funds

Local Currencies1

Segregated Mandates

``US Dollar Euro ``Argentina Customised portfolios can be tailored toward an investor’s specific requirements

Minimum size of USD100 million allows us to optimise diversification and enhance returns

``Sterling ``Prime ``Brazil

``Euro ``Government ``Canada

``Canadian Dollar ``Treasury ``China

``Hong Kong

US Dollar ``India

``Prime ``Taiwan

``US Government ``Turkey

``US Treasury

1 Funds managed to local requirements and only available to local domiciled entities

Source: HSBC Global Asset Management. The funds presented in this document may not be registered and/or authorised for sale in your country.

At HSBC Global Asset Management, we are focused on

providing a truly consultative approach to our clients’ cash

management requirements and we have developed a

suite of global products to allow us to meet the needs of

our global client base. In keeping with our focus on risk

management, we have created an investment process

which is consistent, where possible, across all of our

Liquidity products – the advantage for clients is that they

can be comfortable that their investment in a HSBC money

market fund will be consistently managed wherever it is

located. This is particularly important to clients investing in

countries with a less developed money market fund industry

or countries where a client does not have their own local

cash management expertise.

In addition to a range of currencies, we can also provide

tailored investment solutions for clients seeking something

different from a traditional money market fund. Our products

in this space still reflect our focus on prudent, low-risk

investment management but also allow clients to tailor a

solution to meet their specific needs.

For clients with an investment horizon beyond a typical

money market fund, HSBC Global Asset Management

can also provide clients with Low Duration segregated

mandates. HSBC Global Asset Management can work with

clients to create a portfolio with a credit and duration mix

determined by the client based on risk return expectations

and target maturity profile.

6 www.globalliquidity.hsbc.com For Professional Investors only. Not for further distribution

HSBC Global Liquidity FundsInternational AAA-rated money market funds

Quality Liquidity

`` Aim to maintain a “triple A” rating from at least one

recognised credit agency, currently:

– Standard & Poor’s AAAm

– Moody’s Aaa-mf

`` Highest underlying credit quality

– Minimum A-1*/P-1 rating per individual investment

– 50% minimum A-1+/P-1 for entire portfolio

`` Dedicated HSBC credit research supporting all

liquidity products

`` Same day settlement

`` Daily access in accordance to the following cut off times

– Euro 1.00 pm (Dublin time)

– Sterling 1.30 pm (Dublin time)

– Dollar 4.30 pm (New York time)

– CAD 12.00 noon (New York time)

Past performance is not a reliable indication of future returns.

Yield Service

`` Yields competitive to overnights with typical benchmarks

– 1 Week LIBID/1 Month LIBID (net)

`` The cash portfolio is actively managed on a daily basis

– Utilising HSBC’s purchasing power and leveraging

areas within HSBC Global Asset Management

`` Same day settlement

`` Dedicated relationship manager

`` Global client service team

`` HSBCnet available for on-line reporting/trading

`` Accumulating NAV share classes available

The offshore funds are not available for offer and sale to U.S. persons other than pursuant to an exemption from the U.S. securities laws.

*A-1 rated instruments maturing in five business days or less are counted towards the A-1+ percentage, as historical default rates on A-1 paper maturing within five business days are similar to the default rates of A-1+ issuers. Any approved counterparty must, in addition to being on the approved list, have a minimum A-1, P-1 or F-1 short-term rating at the time of purchase. An exception can be made. If a counterparty is subsequently downgraded below the minimum rating and the relevant portfolio manager believes it is in the best interest of the liquidity fund to continue to hold the exposure, approval to continue to hold the exposure must be obtained.

Source: HSBC Global Asset Management. Data as at 30 August 2013. For illustrative purposes only. The value of investments and any income from them can go down as well as up. It is important to remember that there is no guarantee that a stable net asset value will be maintained. Investors may not get back the amount originally invested. Past performance is not a reliable indicator of future results. Any forecast, projection or target contained in this document is indicative only and is not guaranteed in any way. The value of investments may be affected by uncertainties such as international, political and economic developments. The value of the fund may also be affected by the credit worthiness of the issuers of the investments and notwithstanding the policy of the fund investing in short-term instruments. The value of the fund may also be affected by substantial adverse movements in interest rates. The funds presented in this document may not be registered and/or authorised for sale in your country.

For Professional Investors only. Not for further distribution www.globalliquidity.hsbc.com 7

For Professional Clients and intermediaries within the countries set out below and for Professional Investors in Canada and Institutional Investors in Singapore. This document should not be distributed to or relied upon by Retail clients/investors.

The contents of this document may not be reproduced or further distributed to any person or entity, whether in whole or in part, for any purpose. All non-authorised reproduction or use of this document will be the responsibility of the user and may lead to legal proceedings. The material contained in this document is for informational purposes only and neither constitutes a prospectus, request/offer, nor advice or recommendation of any kind, e.g., to buy/subscribe or sell/redeem the described fund or to perform any transaction of any kind. This document has no contractual value and is not by any means intended either as a solicitation, or a recommendation for the purchase or sale of any financial instrument in any jurisdiction in which such an offer is not lawful. The views and opinions expressed herein are those of HSBC Global Asset Management at the time of preparation and are subject to change at any time.

This document is based on information obtained from sources we believe to be reliable but which have not been independently verified; therefore we accept no responsibility for accuracy and/or completeness.

Past performance contained in this document is not a reliable indicator of future performance, whilst any forecasts, projections, simulations or targets contained herein are indicative only and are not guaranteed – nor should they be relied upon as an indication of future results. The analysis does not take in to account any initial charge that may apply. We accept no liability for any failure to meet such forecast, projection or target. It cannot be excluded that an investment in the fund could lead to losses for the investor. It is important to remember that your investment is not guaranteed and you may not get back the amount you originally invested.

The global liquidity funds are sub-funds of HSBC Global Liquidity Funds plc, an open-ended Investment company with variable capital and segregated liability between sub-funds, which is incorporated under the laws of Ireland and authorised by the Central Bank of Ireland. The company is constituted as an umbrella fund, with segregated liability between sub-funds.

Shares of the sub-funds may not be offered or sold in the United States of America, including its territories and possessions (“United States” or “US”), or, directly or indirectly, to or for the benefit of a US Person, except in a transaction exempt from the registration requirement of the Securities Act of 1933, as amended. NOT FDIC INSURED/NO BANK GUARANTEE/MAY LOSE VALUE.

All subscriptions in any fund presented in this document are accepted only on the basis of the current HSBC Global Liquidity Funds prospectus, Key Investor Information Document (KIID) and most recent annual and semi-annual reports, which can be obtained upon request free of charge from the registered or head office of the below mentioned HSBC Global Asset Management entities or local distributors. All the information within this document does not replace the official legal documents for the fund (i.e. prospectus, Key Investor Information Document (KIID), annual and semi-annual reports). This fund may not be suitable for every investor. Before subscription, investors and potential investors should read and note the general risk factors in the prospectus and the specific risk factors in the Key Investor Information Document (KIID). If you have any doubts about the suitability of this investment, you should contact a financial adviser.

It is important to remember that there is no guarantee that a stable net asset value will be maintained. The value of investments and the income from them can go down as well as up and investors may not get back the amount

originally invested. Where overseas investments are held the rate of currency exchange may cause the value of such investments to go down as well as up. Investments in emerging markets are, by their nature, higher risk and potentially more volatile than those inherent in established markets. If the investor’s domestic currency is not the same as the sub-fund denomination, an exchange risk may result. The value of the fund may also be affected by the credit worthiness of the issuers of the investments and notwithstanding the policy of the fund investing in short-term instruments. The value of the fund may also be affected by substantial adverse movements in interest rates.

HSBC Global Asset Management is the brand name for the asset management business of HSBC Group. The above communication is distributed by the following entities:

In Argentina by HSBC Bank Argentina SA. Investments in fund shares do not constitute deposits in HSBC Bank Argentina SA. Thus, according to the Argentinean law for financial institutions, they are not covered by any of the guarantees that such deposits, sight or term, might enjoy according to the appropriate legislation and regulation. Likewise, HSBC Bank Argentina S.A. is not allowed, by BCRA regulations, to assume tacit or expressly, any commitment of maintaining at any moment the value of the invested capital, the yield, the value of the shares at redemption or granting liquidity for such end. Law 25,738 (1st art.); HSBC Bank Argentina S.A., is a corporation constituted under the Argentinean republic’ law. Its operations are independent from the other companies of the HSBC group. Shareholders limit their responsibility to their subscribed capital.

In Brazil by HSBC Bank Brasil S. A.; In Bermuda by HSBC Global Asset Management (Bermuda) Limited, of 6 Front Street, Hamilton, Bermuda which is licensed to conduct investment business by the Bermuda Monetary Authority;

HSBC Global Asset Management (Canada) Limited HSBC Global Asset Management (Canada) Limited is registered in all provinces of Canada except Prince Edward Island and is also registered in the Northwest Territories. The funds presented in this document may not be registered and/or authorised for sale in your country. The offshore funds are sold in Canada under exemptions with minimum required purchase amounts as well as other requirements. As a purchaser of this offshore fund through the exempt market you may lose certain legal rights and may be subject to different tax requirements as compared to Canadian based funds offered through the non-exempt market. The value of investments may be affected by uncertainties such as international, political and economic developments. The value of the fund may be affected by substantial adverse movements in interest rates and the credit worthiness of the issuers of the investments, notwithstanding the policy of the fund investing in short-term instruments. There is no guarantee that a stable net asset value will be maintained. Investors may not get back the amount originally invested. Past performance is not a reliable indicator of future results. We recommend you consult with your legal and tax advisor prior to making any purchase.

in Colombia by HSBC Fiduciaria S. A; HSBC Global Asset Management (Deutschland) Limited HSBC Global Asset Management (Deutschland) Limited is regulated by BaFin in Germany. All statutory requirements concerning impartiality of financial analysis are unaffected. A prohibition of trading concerning mentioned financial products before publishing this document does not exist. This document is only directed to persons who have a permanent residence in the Federal Republic of Germany. This document and any information it contains is not meant for private clients in terms of § 31a para. 3 WpHG Registered Office - HSBC Trinkaus & Burkhardt AG, Koenigsallee 21/23, 40212 Duesseldorf, Germany. (Website: www.assetmanagement.hsbc.com/de)

Important Information

ContactTo learn more about how HSBC can help you better manage liquidity in today’s evolving global economy, please

contact your usual HSBC client services team.

For more information, please contact us:

Asia Americas EMEA

T: +852 2284 1376 T: +1 (1) 212 525 5750 T: +44 (0) 20 7991 7577

E: liquidity.asia@hsbc.com E: global.liquidity@us.hsbc.com E: liquidity.services@hsbc.com

France Germany Switzerland

T: +33 1 58 13 15 26 T: +49 (0)211 9104784 T: +41 44 206 2600

E: liquidity.client-service@hsbc.fr E: amde.client.service@hsbc.de E: swiss.investorservices@hsbc.com

For more information on our capabilities go to www.globalliquidity.hsbc.com

HSBC Global Asset Management (France) HSBC Global Asset Management (France) - 421 345 489 RCS Nanterre. Portfolio management company authorised by the French regulatory authority AMFR (no. GP99026) with capital of 8.050.320 euros. HSBC Global Asset Management (France) is responsible for the business relationship and provides client services both in France and abroad (including Italy, Finland and Sweden). Postal address: 75419 Paris cedex 08, France. Offices: Immeuble Ile de France - 4 place de la Pyramide - La Défense 9 - 92800 Puteaux – France. (Website: www.assetmanagement.hsbc.com.fr).

HSBC Global Asset Management (Hong Kong) Limited HSBC Global Asset Management (Hong Kong) Limited is regulated by the Securities and Futures Commission in Hong Kong. Registered Office - HSBC Main Building, 1 Queens Road Central, Hong Kong. (Website: www.assetmanagement.hsbc.com/hk)

In India by HSBC Asset Management (India) Pvt Ltd. which is regulated by the Securities and Exchange Board of India. Mutual Fund investments are subject to market risks, read all scheme related documents carefully;

In MENA by HSBC Global Asset Management MENA HSBC Global Asset Management MENA is a unit that is part of HSBC Bank Middle East Limited, PO Box 502601, Dubai, UAE, which is incorporated and regulated by the Jersey Financial Services Commission. Services are subject to the Bank’s terms and conditions. HSBC Bank Middle East Limited is a member of the HSBC Group. 

This material is distributed by the following entities. In the, United Arab Emirates, Qatar, Bahrain, Kuwait, Lebanon & Jordan by HSBC Bank Middle East Limited which is regulated by Jersey Financial Services Commission, In Oman by HSBC Bank Oman S.A.O.G regulated by Central Bank of Oman and Capital Markets Authority of Oman. © Copyright. HSBC Global Asset Management 2013. All Rights Reserved.

In Panama by HSBC Bank Panama; HSBC Global Asset Management (Singapore) Limited HSBC Global Asset Management (Singapore) Limited is regulated by the Monetary Authority of Singapore. HSBC Global Asset Management (Singapore) Limited, or its ultimate and intermediate

holding companies, subsidiaries, affiliates, clients, directors and/or staff may, at anytime, have a position in the markets referred herein, and may buy or sell securities, currencies, or any other financial instruments in such markets. HSBC Global Asset Management (Singapore) Limited is a Capital Market Services Licence Holder for Fund Management. HSBC Global Asset Management (Singapore) Limited is also an Exempt Financial Adviser and has been granted specific exemption under Regulation 36 of the Financial Advisers Regulation from complying with Sections 25 to 29, 32, 34 and 36 of the Financial Advisers Act). (Website: www.assetmanagement.hsbc.com/sg)

HSBC Global Asset Management (Switzerland) Limited The presented subfunds are not authorised for public distribution in Switzerland in the meaning of Art.120 of the Federal Collective Investment Schemes Act. This material shall therefore not be marketed in Switzerland.

HSBC Global Asset Management (Taiwan) Limited HSBC Global Asset Management (Taiwan) Limited is regulated by the Financial Supervisory Commission of Taiwan.

HSBC Global Asset Management (UK) Limited HSBC Global Asset Management (UK) Limited is authorised and regulated by the Financial Conduct Authority in the UK. HSBC Global Asset Management (UK) Limited provides information to Institutions, Professional Advisers and their clients on the investment products and services of the HSBC Group. UK-based investors in HSBC Global Liquidity Funds are advised that they may not be afforded some of the protections conveyed by the provisions of the Financial Services and Markets Act 2000. HSBC Global Liquidity Funds is recognised in the United Kingdom by the Financial Conduct Authority under Section 264 of the Act. Registered office: 8 Canada Square, Canary Wharf, London, E14 5HQ, UK. (Website: www.assetmanagement.hsbc.com/uk)

Copyright © HSBC Global Asset Management Limited 2014. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of HSBC Global Asset Management Limited.

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