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AEC COLLEGE ESCROW BANK ACCOUNT

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					Dated: 11 Aug 2010                                                                 Ops Int Cir 00X/ 2010

                        AEC COLLEGE ESCROW BANK ACCOUNT

Attention: All Staff,


Please note, with effect from 15 March 2010, all students opting for Escrow under the Fee
Protection Scheme (FPS) with The Hong Kong and Shanghai Banking Corporation Limited (HSBC)
must credit their payments to the following Escrow Account:
         Account Name         :   AEC College Pte Ltd
         Account Number       :   041-738618-003 (FPS Escrow Account)

                                  Total Fees Payable into the Escrow Account as per Schedule
                                  2.1 of Student Contract:

                                  Example
                                  i) Course fee           v) BTEC fee (if applicable)
                                  ii) Registration fee    vi) Course materials fee
                                  iii) Examination fee    vii) Etc.
                                  iv) Medical Insurance fee

                                  Note: GST is payable and is to be paid directly to AEC College
                                  Pte Ltd. IT is not to be credited into the FPS Escrow Account.
         Account Currency     :   Singapore Dollars

         Bank Name            :   The Hongkong and Shanghai Banking Corporation Limited

         Bank Branch          :   Collyer Quay Branch

         Bank Address         :   21 Collyer Quay
                                  HSBC Building #01-01
                                  Singapore 049320

         Bank Code            :   7232

         Branch Code          :   041

         Swift Code           :   HSBCSGSG

All Miscellaneous payments listed in Schedule 2.2 will not attract Fee Protection as per the
regulations stipulated by Council for Private Education (CPE). Therefore, such payments are to be
credited as follows:



                                                                                        Ops Int Cir 00X/ 2010
        Account Name          :   AEC College Pte Ltd
        Account Number        :   041-738618-002 (Operating Account)

                                  Miscellaneous Fees listed in Schedule 2.2 of Student
                                  Contract:
                                  Example
                                  i)Withdrawal application fees v) ICA processing fees
                                  ii) Course Transfer fees vi) Bank Charges
                                  iii) Late payment fees vii) Etc.
                                  iv) Re-examination fees

                                  Note: Miscellaneous Fees refer to any non-compulsory and
                                  non-standard fees that are collected only when necessary or
                                  applicable.
        Account Currency      :   Singapore Dollars

        Bank Name             :   The Hongkong and Shanghai Banking Corporation Limited

        Bank Branch           :   Collyer Quay Branch

        Bank Address          :   21 Collyer Quay
                                  HSBC Building #01-01
                                  Singapore 049320

        Bank Code             :   7232

        Branch Code           :   041

        Swift Code            :   HSBCSGSG

Please note with effect from 22 July 2010 a standard charge of $30 is to be added to fees going for
Escrow payment. This is to ensure that there is no under protection of fees.




                                                                                     Ops Int Cir 00X/ 2010

				
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