The information herein is published by DBS Bank Ltd. (“DBS Bank”) and is for discussion purposes only. This document is confidential and is intended for DBS Bank and its clients to whom it has been delivered, and may not be reproduced, transmitted or communicated to any other person without the prior written permission of DBS Bank.
This document is not and does not constitute or form part of any offer, recommendation, invitation or solicitation to subscribe to or to enter into any transaction; nor is it calculated to invite, nor does it permit the making of offers to the public to subscribe to or enter into, for cash or other consideration, any transaction, and should not be viewed as such. This document is not intended to provide, and should not be relied upon for accounting, legal or tax advice or investment recommendations and is not to be taken in substitution for the exercise of judgment by the reader, who should obtain separate legal or financial advice where appropriate. In the absence of an actual written undertaking, DBS Bank does not act as an adviser and any investment ideas contained in this document is provided without any responsibility in its part. In entering into any transaction, the reader shall do so based on his own judgment and independently of, and not in reliance on, any views or opinions stated in this document.
Before undertaking any transaction or making a commitment to enter in any investment mentioned in this document, the reader should take steps to ensure that he understands key features of and risks associated with the transaction or investment and has made an independent assessment of the suitability and appropriateness of such transaction or investment in the light of his own objectives and circumstances. As this document does not contain all the terms and conditions (material or otherwise) of, or disclose all the risks associated with, the transactions or investments mentioned herein, the reader should review all relevant documentation pertaining to the transaction or investment (including product sheets, prospectuses or other similar or equivalent offer or issue documents, as the case may be) and seek advice from a financial or other professional adviser (where required) or make such independent investigations as he considers necessary or appropriate for such purposes.
Any terms and conditions of transactions or investments contained herein are indicative only and may change without notice. The final terms and conditions of any transaction or investment entered into by the reader will be set out in full in the applicable product documentation, confirmation, pricing supplement or other binding transaction document(s).
This document shall not constitute a commitment to enter into any transaction or investment described herein, which shall be subject to, among other things, approvals from DBS Bank’s credit, regulatory, legal and/or other internal controls. No transaction or investment will be effected without the formal agreement of DBS Bank.
The information and opinions contained in this document have been obtained from sources believed to be reliable but DBS Bank makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose. Opinions and estimates are subject to change without notice. Any past performance, projection, forecast or simulation of results is not necessarily indicative of the future or likely performance of any investment. There is no assurance that the credit ratings of any securities mentioned in this publication will remain in effect for any given period of time or that such ratings will not be revised, suspended or withdrawn in the future if, in the relevant credit rating agency’s judgment, the circumstances so warrant. The value of any product and any income accruing to such product may rise as well as fall. DBS Bank accepts no liability whatsoever for any direct indirect or consequential losses or damages arising from or in connection with the use or reliance of this document or its contents.
DBS Bank, its related companies, their directors and/or employees may have positions or other interests in, and may effect transactions in the product(s) mentioned in this document. DBS Bank may have alliances or other contractual agreements with the provider(s) of the product(s) to market or sell its product(s). Where DBS Bank’s related company is the product provider, such related company may be receiving fees from investors. In addition, DBS Bank, its related companies, their directors and/or employees may also perform or seek to perform broking, investment banking and other banking or financial services for these product providers.
The document is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.