Terms and Conditions governing the LankaBangla Market Game

CAUTIONARY STATEMENT

Participation in this game shall be governed by the terms and conditions set out herein. Therefore, you are required to read and understand these terms and conditions carefully before accepting same.

When you click on "I accept", you acknowledge having read all the terms and conditions set out herein and agree to be bound by these terms and conditions governing the LankaBangla Stock Market Game and any amendments made thereto from time to time.

In the event you do not agree with the terms and conditions set out herein, you are kindly requested to exit this web page and refrain from registering yourself for the LankaBangla Stock Market Game.

1.0 About the Organiser
1.1 LankaBangla Securities Limited (LBSL) is a subsidiary of LankaBangla Finance Limited and a leading equity brokerage house in the country with a diverse clientele of institutions, high net worth individuals, foreign funds and retail investors. The company commenced stock broking activities in 1997 and has over time become the largest stock broking company in the country having developed a strong team of highly skilled and experienced professionals. LBSL (Formerly known as Vanik Bangladesh Securities Ltd) started its stock broking business in 1997 trading on the Chittagong Stock Exchange (CSE) Ltd, while commencing trading on the Dhaka Stock Exchange (DSE) in1998. The company was renamed LankaBangla Securities with effect from 27 April 2005 following a restructuring of the company.
2.0 Definitions
2.1 Organiser: LankaBangla Securities (Pvt) Ltd
2.2 Player: means a person who has successfully registered for the LankaBangla Market Game by receiving the confirmation message as set out in these terms and conditions.
2.3 Game: LankaBangla Market Game
2.4 Force Majeure Event: shall mean and include acts of God, requirements of any governmental or regulatory authority which shall render the operation of the game illegal, war, national emergency, accident, fire, lightning, equipment failure, hardware or software malfunction, electrical power failure, faults, interruption or disruption of the network or the networks of other service providers or of any equipment or the equipment of any third party, riots, strikes, lock-outs and any other event/occurrence which is beyond the control of the Organiser.
2.5 The Site: means the Internet site of the Game, which is available under URL http://www.lbsgame.directfn.com
2.6 User account: means a personal account opened by a Player during the registration process in accordance with the terms and conditions defined hereinafter, which enables to gain access to the Game.
3.0 Game Description
3.1 The Game is a one (01) year competition commencing from a date to be determined by the organizer and displayed in the Home Page, after the testing period (hereinafter referred to as the 'Game period').
3.2 The Players shall, at all times, adhere to the Game Rules stipulated in Clause 7.0 hereof.
3.3 The failure to adhere to the terms and conditions herein and/or the Game Rules stipulated in Clause 7.0 by a Player shall entitle the Organiser to suspend/terminate the user account of the Player, without prior notice to the Player.
4.0 Minimum Requirements for Subscribers
4.1 To enjoy Player status, the subscriber must meet the following criteria:
- be a natural person
- be of a sound mind
- a resident of Bangladesh
4.2 All employees of the Organiser shall not entitled to register for the Game.
5.0 Registration Procedure
5.1 Registration for the Game shall be carried out via the Site. The subscriber shall complete the registration steps following the instructions provided below.
5.2 Initially, the subscriber shall access the registration window titled "Sign Up", via the URL: http://lbsgame.directfn.com/?q=node/8
5.3 Thereafter, the subscriber is required to fill in the following details on the Sign Up window;
- First Name
- Last Name
- Residential Address
- Email
- Confirm Email
- Mobile Number
- Date of Birth
- National ID
5.4 The subscriber is required to agree to these Terms & Conditions governing the Game, by clicking 'I accept' in order to commence registration and create a user account.
5.5 The subscriber is required to provide the correct email address in order to receive the confirmation message via email.
5.6 The subscriber is required to provide accurate and complete information during the registration process and inform the Organiser, in writing, of any subsequent amendment/s to such information.
5.7 Upon the successful completion of the registration process a user account would be created and a confirmation message, including the password and user name for the log-in to the user account, will be sent to the Player via the email address provided in terms of Clause 5.4 above.
5.8 Confirmation messages will be sent according to technical capabilities available all day, taking into consideration acknowledged break times.
5.9 The Organiser shall not be liable for lost or delayed subscriptions or those not received by the Player for any reason.
5.10 Upon registration, all competition related promotional messages will be sent to the Players, via email for free of charge.
6.0 6.0 Registration Fee
The registration for this Game shall be free of charge.
7.0 Game Rules
7.1 Upon registration, a Player shall receive an amount of 2,500,000 of virtual BDT currency, in order to enable the Player to virtually trade.
7.2 A Player can carry out virtual buying and selling during trading hours of the CSE, which is 10:00 am till 2.30 pm on all weekdays except for the pre declared CSE holidays. The Organiser shall ensure, to the extent possible, that the Site and game are available during trading hours on trading days.
7.3 Each Player shall be authorized to open only one user account. A player shall not create several user accounts, including from the same computer or different computers and/or the same Internet access. The user account shall be specific to the Player and the Player shall not share or assign such user account to a third party.
7.4 A Player shall not participate in the Game through a user account of another Player.
7.5 In the event the Organiser discovers that a Player is having access to more than one user account, the Organiser reserves the right to suspend all such user accounts until further investigation into same.
7.6 The winner/s of the competition shall be selected and rewarded by the Organiser in accordance with the terms and conditions specified in Clause 10 below.
7.7 The Organiser shall suspend/terminate the user account of a Player due to a suspected fraud/cheating by the Player or non-compliance with any terms and conditions appearing herein by the Player.
8.0 Password
8.1 The Player shall log-in to his/her user account by entering the password received by the Player as set out in Clause 5.5 above.
8.2 The Player shall not disclose his/her password to third parties and shall take all necessary steps to ensure that the password shall be maintained by the Player in strict confidence.
8.3 Any unlawful/unauthorized use of the Player's password by another or if the Player suspects that his/her password is no longer confidential or has been compromised, the Player shall immediately report same to the Organiser as set out in Clause 14 below, so that the user account of the Player may be suspended by the Organiser (as the case may be) as a protective measure. Provided however, the Player shall still be regarded as responsible for the unlawful/unauthorized use of his/her password and the Organiser shall not, in any manner, be liable to the Player for the consequences of such unlawful/unauthorized use of his/her password.
8.4 The Organiser reserves the right to require a Player to change his/her password, if the Organiser believes that such password no longer offers sufficient security. Similarly, the Organiser reserves the right to suspend, temporarily or permanently, the Player's access to the user account with the Player's password, if the Organiser suspects an improper use thereof.
9.0 Maintaining Personal Data of the Players by the Organiser
Each Player's personal information shall be stored and maintained by the Organiser in a confidential manner, even after the conclusion of the Game period if the Organiser considers any such information to be significant/relevant to the Organiser. The Organiser shall not disclose such data to third parties, without prior notification to the Player.
10.0 Prizes
10.1 Types of Prizes
(a) Quarterly winners: Will be announced later
(b) Annual Grand Prize winners: Will be announced later
The organizer reserves the right to change (by way of alteration, addition, deletion) the prizes specified in Clauses 10.1 (a) and (b) above, at its absolute discretion and at any time for any reason without any prior notice to the Players. The Organiser does not assume any responsibility/liability to the winner/s for any change in the prizes as set out herein.
The organiser shall not entertain any discussion with or correspondence by, the Players or any third party with regard to the decisions made by the Organiser in respect of Prizes or any alteration, addition, deletion to same and all decisions taken by the Organiser with regard to Prizes shall be final and conclusive.
To the extent permitted by law, the Organiser does not assume any liability in respect of any prize, its suitability or otherwise.
10.2 Eligibility criteria for winners
(a) Quarterly winners : Will be announced later
(b) Annual Grand Prize winners: Will be announced later
10.3 Prize presenter
The Organiser.
10.4 Details of Announcing Winners
Will be announced later.
10.5 Collection of Prizes
Will be announced later.
11.0 Withdrawal, suspension or termination of the Game
11.1 The Organiser reserves the absolute right to withdraw, suspend or terminate the Game at any time before the conclusion of the Game period by hosting a notice to such effect on the Site. In such an instance the Organiser shall not be bound to re-introduce a similar Game.
11.2 Withdrawal, suspension or termination of the Game prior as referred to in Clause 11.1 above shall not exempt the Organiser from the commitment to provide prizes, which have already been won by Players prior to such withdrawal, suspension or termination of the Game and announced by the Organiser in accordance with Clause 10.4 above.
11.3 The Organiser shall not entertain any discussion with or correspondence by, the Player or any third party with regard to the decision/s made by the Organiser in respect of the withdrawal, suspension or termination of the Game and all decisions taken by the Organiser with regard to same shall be final and conclusive.
12.0 Customer Service and Complaints
In case of any inquiries or complaints regarding the Game, the Players may contact the Contact Center of LBSL: 16325
13.0 Force Majeure
In the event the Organizer fails to make available the Game to the Players as scheduled (in full or in part) and/or fails to provide the prizes as announced due to a force majeure event, the Organiser reserves the right to withdraw, terminate or suspend or alter the game and/or the prizes without any liability to the Players and the winners.
14.0 Exclusion of Liability
To the maximum extent permitted by law, the Organiser hereby excludes liability and does not assume any obligation to indemnify any Player or winner with respect to any loss or damage arising from the Game, including but not limited to any costs, expenses or confiscated prizes.
15.0 Disclaimer by Organiser
15.1 The Game shall consist of virtual buying and selling using virtual local Currency and hence does not involve actual buying and selling on the CSE. This Game is purely designed and offered by the Organiser to raise awareness and the level of knowledge regarding the CSE and online trading among the public in Bangladesh. Further, the order book displayed in the Game is fed with real market data and is only for the use of determining the current market price of the particular security in the Game.
15.2 The Players shall not be misled with the impression that he/she is trading on the CSE (real market).
15.3 The Players shall participate in the Game at "his/her OWN RISK".
16.0 Governing Law
These terms and conditions shall be governed and interpreted in accordance with the substantive laws of Bangladesh and be subject to the exclusive jurisdiction of the Bangladesh Courts.
17.0 Amendments
The Organiser reserves the right to change by way of alteration, addition, deletion or amendment the terms and conditions contained herein by hosting a notice to such effect on the Site, and the Players shall agree to be bound by such change with effect from the effective date stipulated in such notice.
18.0 Assignability
18.1 The Player's rights and obligations stipulated herein shall not be assigned to another Player or a third party.
18.2 The Organiser reserves the right to assign the rights and obligations of the Organiser set out herein without the Player's prior consent. In such case, the Organiser shall inform of same to the Players in advance by hosting a notice to such effect on the Site.
19.0 Severability
If any of the terms and conditions herein contained should be invalid, illegal or unenforceable under any applicable law, the legality and enforceability of the remaining terms and conditions shall not be affected or impaired in any way and such invalid, illegal or unenforceable provision shall be deemed deleted.
20.0 Waiver
Failure to enforce the terms and conditions hereof or to require performance of any of the terms and conditions hereof by a Player shall not be construed as a present or future waiver of any of the terms and conditions set out herein.
21.0 Intellectual Property
21.1 The Player acknowledges that the Game is provided by the Organiser to the Players under a non-exclusive, non-transferable and non-assignable license granted to the Organiser by the developer/owner of the Game and therefore, the Game is the valuable property of the developer/owner of the Game.
21.2 The Player shall not, in any way, reproduce (in full or in part), reverse engineer, create derivate works or use the Game in violation of the intellectual property rights of the developer/owner of the Game.