Legal notice

By accessing and using the www.sebgroup.lu website and any pages thereof (thereafter "Website"), you acknowledge that you have reviewed the following important legal information and understand and agree to the terms and conditions set therein. If you do not agree to the terms and conditions below, do not access or use this Website in any way.

The user's access to and use of the www.sebgrou.lu website and any pages thereof, and the terms and conditions of this legal information are governed by the laws of Luxembourg. Place of jurisdiction is Luxembourg.

The information and services provided on this Website are 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 local law or regulation or which would subject the entities of the Bank to any registration requirement within such jurisdiction or country. Persons or entities in respect of whom such prohibitions apply must not access or use the site.

The Site is provided for information purposes only. In particular, the information provided does not constitute investment advice or an offer to provide any service or product described herein, or an offer or a solicitation of an offer to buy or sell any securities or any other investment product.

Products and services described herein are not available to all persons in all geographical locations. The Bank will not provide any such products or services to any person if in the view of the Bank (without the Bank having an obligation to verify this) the provision of such services could be in violation of law or regulation in such person's home country jurisdiction or any other related jurisdiction.

Proprietary information

This Website is protected by copyright and no part of the material on this Web Site may be copied or duplicated in any form, by any means or redistributed without the prior written consent of the Bank.

Web content and materials

The information and materials contained in this website - and the terms and conditions of the access to and use of such information and materials - are subject to change without notice. Not all products and services are available in all geographic areas. Your eligibility for particular products and services is subject to local law and regulation. The information in the website represents the Bank as a whole and the services, securities and financial instruments described may not be available to or suitable for you.

Expressions of opinion on the website are those of the author's only. The Bank or its contractual partners may discontinue or make changes in the information, products or services described herein at any time. Any dated information is published as of its date only and no obligation or responsibility is undertaken to update or amend any such information. The Bank reserves the right to terminate any or all web offerings without prior notice to the user.

Limited reliability

Any data, including but not limited to financial market data, quotes, news, research or information accessible through this Website (the "Information") has been obtained from sources believed to be reliable but which have not been independently verified. No guarantee, representation or warranty is given and no responsibility or liability, contingent or otherwise, as to its accuracy, completeness, timeliness or correct sequencing or for any decision made or action taken by you in reliance upon the Information is accepted. There may be delays, omissions or inaccuracies in the Information.

All such Information is provided "as is" to the user without express or implied warranties of any kind including the warranties of merchantability, originality, non-infringement of intellectual property or fitness for any particular purpose.

Exclusion of liability

In no event, including (without limitation) negligence, will the Bank or its contractual partners be liable to you or anyone else for any consequential, incidental, special or indirect damages (including but not limited to lost profits, trading losses and damages) that result including (without limitation) from inconvenience, delay, loss, access or use of, or the inability to access or use, elements of the Website, difficulty in use, inaccuracy of information, computer viruses, malicious code or other defect in this Website, or for the incompatibility between this Website and files and the user's browser or other site accessing program, even if the Bank or its contractual partners have been advised of the possibility of such damages or losses. Some jurisdictions do not allow limitations on how long implied warranties last, the exclusion or limitation of incidental or consequential damages or the exclusion of certain implied warranties, so that these disclaimers and limitations may not apply to you. This warranty gives you specific legal rights, and you may also have other rights, which vary from jurisdiction to jurisdiction.

There is no other warranty of any kind, express or implied, regarding the information. There is no representation or warranty that the Website services will meet any user's requirements is uninterrupted, timely, and secure or error free.

Please note the disclaimer attached to each publication and the relevant disclosure with regard to a potential conflict of interest.

No recommendation or offer of service

The information provided is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The type of securities mentioned may not be suitable for everyone. Users are urged to base their investment decisions upon the appropriate investigations that they deem necessary.

Nothing in this Website should be construed as an offer or the solicitation of an offer to purchase or subscribe or sell any investment or to engage in any other transaction. Furthermore, by offering information, products or services via this Website, no solicitation is made to any person to use such information, products or services in jurisdictions where the provision of such information, products or services is prohibited by law or regulation. You further acknowledge that none of the Information is intended as legal, tax or other advice.

Material interests

The Bank and/or its directors, officers and employees may have or have had interests or positions or traded or acted as market makers in relevant securities. Furthermore, such entities or persons may have or have had a relationship with or may provide or have provided corporate finance or other services to or serve or have served as directors of relevant companies.

Investment performance

The past is not necessarily a guide to the future performance of an investment. The value of investments may fall as well as rise and investors may not get back the amount invested. Changes in rates of foreign exchange may cause the value of investments to go up or down.

Monitoring

Please note that all your movements on this Site may be recorded and analyzed for security, marketing and system monitoring purposes, among others.

Linked sites

Links to non-SEB Group Sites are provided solely as pointers to information on topics that may be useful to users of the Website, and the Bank has no control over the content on such non- SEB Group websites. No warranties, either express or implied, concerning the content of such site, is made including the accuracy, completeness, reliability or suitability thereof for any particular purpose, nor does the Bank warrant that such website or content is free from any claims of copyright, trademark or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination. No guarantee as to the authenticity of documents on the Internet is given. Links to non- SEB Group websites do not imply any endorsement of or responsibility for the opinions, ideas, products, information or services offered at such sites, or any representation regarding the content at such websites.

Confidentiality

Please note that when using any Internet facility (i.e. this Website) data is transported over an open network which is accessible to third parties. Data is also regularly transmitted across international borders. This also applies to data transfers where both the sender and recipient are located in the same country. It is therefore possible for a third party to understand that you are accessing the Bank’s website.

Cut-off times for payments

A Payment Order must be received by the Bank before the relevant Cut-Off Time in order for the Bank to start the execution of the order on that day (or the next business day depending on the currency).

A Payment Order received after the relevant Cut-Off time shall be deemed received by the Bank on the following Business Day.

A Payment Order initiated by paper shall be deemed received by the Bank the following business day even when received before the relevant Cut-Off time. If such an order is received after Cut-Off time it will be deemed received by the Bank two (2) business days later.

CurrencyPayment order on execution date, before
CHF 15:30
DKK 15:30
EUR 15:30
GBP 15:30
NOK 15:30
SEK 15:30
CurrencyPayment order on the day before execution date, before
CZK 16:30
HUF 16:30
PLN 16:30

Payments in LTL, BGN, ROL and ISK are not available.

Please note that the Bank will be closed for business on the following days:
24 December (Christmas Eve)
31 December (New Years Eve)
Good Friday (irrespective of when it occurs)

Reference Interest Rates

CurrencyReference Interest Rate
EUR European Central Bank; the ECB Deposit facility rate
www.ecb.int
CHF SARON, the fixing 12.00 noon rate
www.snb.ch
DKK Danmarks Nationalbank’s Discount rate (Dk: Diskonto) www.nationalbanken.dk
GBP Bank of England; the Operational Standing deposit facility rate www.bankofengland.co.uk/markets/money/osf/index.htm
NOK Norges Bank; the Key Policy rate (No: Styringsrenten)
www.norges-bank.no
SEK Riksbank Repo rate
http://www.riksbank.com/templates/Page.aspx?id=12182

The effective interest rate in any of the above currencies will be determined based on the applicable Reference Interest Rate adjusted with the applicable margin.
 
For a debit balance: applicable Reference Interest Rate +8.5% (margin)
For a credit balance:  applicable Reference Interest Rate -2% (margin)

CurrencyReference Interest Rate
CZK Marginal lending facility-Lombard rate 
www.cnb.cz/en/monetary_policy/instruments/index.html#mpi
HUF Interest rate on O/N collateralized loan (Repo rate) http://english.mnb.hu/engine.aspx?page=mnben_statisztikak
PLN Lombard rate
http://www.nbp.pl/homen.aspx?f=/en/dzienne/stopy.htm

BGN, ROL and LTL are not available as currencies.
ISK is not available for payments.

The effective debit balance interest rate in any of the above currencies will be determined based on the applicable Reference Interest Rate adjusted with the applicable margin.

For a debit balance: applicable Reference Interest Rate + 10.5 % (margin)
For credit balances: Fixed 0%

Information about taxation

As a customer of our International Private Banking offices in Luxembourg and Singapore you are obliged to keep yourself informed of the tax rules applicable in the countries of your citizenship, residence or domicile with respect to bank accounts and financial transactions. The bank does not provide any tax reporting to foreign countries meaning that you must yourself provide concerned authorities with information as and when required.
 
This information is subject to change from time to time.