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THE PFAFF SPRING FLYER AND

VIEWS: 8 PAGES: 2

									May 2006



                  Husqvarna Viking Credit Card

HSBC is offering a new credit card plan starting June 1st, 2006. The Easy Pay Plan is equal payments with
interest and will be available until December 31st, 2006. There are three options: 12 months, 24 months and
36 months.

One of the advantages of this plan is that the interest is not compounded like most major credit cards.
Consumers will pay in equal monthly payments to HSBC. For example, the consumer purchases $1,500.00
(including tax) using the 24 months Easy Pay Plan. The consumer’s monthly payments would be $71.25.

You will be receiving from HSBC an amendment to the current customer agreement. This is the information
that you give to consumers when they sign up for the Husqvarna Viking credit card.

The 3, 6, and 12 month no interest, no payment plans are still available. The Easy Pay Plan is in addition to the
no interest, no payment plans.

Offer your consumers the following:

                                          Option 1
                                          12 months equal payments
                                          Interest Rate = 12.9%
                                          Minimum Purchase = $250.00

                                          Option 2
                                          24 months equal payments
                                          Interest Rate = 12.9%
                                          Minimum Purchase = $800.00

                                          Option 3
                                          36 months equal payments
                                          Interest Rate = 12.9%
                                          Minimum Purchase = $1,500.00




                                      KEEPING THE WORLD SEWING
                        VSM Canada Inc., 130 McLevin Avenue, Unit 1, Scarborough, Ontario M1B 3R6
                                      Phone: (416) 759-4753 Fax: (416) 759-5475
This is how the program works:

1. To calculate the monthly payments, HSBC uses a factor. The factor is a percentage that is multiplied by the
   amount of the purchase to calculate the monthly payments.

    12 months factor = 8.93%
    i.e. Purchase is $1,000.00 = $1,000.00 x 8.93% = $89.30 monthly

    24 months factor = 4.75%
    i.e. Purchase is $1,500.00 = $1,500.00 x 4.75% = $71.25 monthly

    36 months factor = 3.36%
    i.e. Purchase is $2,000.00 = $2,000.00 x 3.36% = $67.20 monthly



2. When filling out the HSBC Retail Service Sales Slip, the cheque on the back has a space for the credit plan.
   In this space, you must fill in the credit plan number.

                                          12 months Easy Pay Plan = #06012
                                          24 months Easy Pay Plan = #06024
                                          36 months Easy Pay Plan = #06036



3. When you make out your cheque for deposit, you will:

                                    Deduct 0.75% - 12 months Easy Pay Plan
                                    Deduct 3.00% - 24 months Easy Pay Plan
                                    Deduct 6.00% - 36 months Easy Pay Plan


4. If you are using WebFinance, you will choose the appropriate plan from the drop down box. If you do not
   already have WebFinance access and would like to sign up, please call Merchant Support at 1-800-463-7176.



If you have any questions regarding this promotion, please call Merchant Support at 1-800-463-7176.


  The Husqvarna Viking credit card will help increase sales, close deals and
                       create customers’ for life!!



                                     KEEPING THE WORLD SEWING
                       VSM Canada Inc., 130 McLevin Avenue, Unit 1, Scarborough, Ontario M1B 3R6
                                     Phone: (416) 759-4753 Fax: (416) 759-5475

								
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