Financial Markets Regulatory compliance disclosures

This page gives our Financial Markets clients and any other Group member access to disclosures we’re required to provide under various laws, regulations and recognised codes of practice.

By carrying out any business with us, you’re deemed to acknowledge that you’ve read this information. We’d encourage you to take a look at this page before entering into any transaction with us, and note that it may be updated from time to time. If you have any questions, please contact your relationship manager.

Commentary disclaimers Communications, research and commentary disclaimers

The author of communications sent through Bloomberg is authorised to make submissions to certain Financial Benchmarks on behalf of Standard Chartered Bank, which may include Financial Benchmarks commented on or discussed in such communication. Such submissions may affect, materially or otherwise, the rate setting of the Financial Benchmarks. In addition, the author of such communication may trade and/or hold positions on behalf of Standard Chartered Bank in financial instruments that reference these Financial Benchmarks.

This communication has been prepared by Standard Chartered Bank. Standard Chartered Bank is incorporated in England with limited liability by Royal Charter 1853 Reference Number ZC18. The Principal Office of the Company is situated in England at 1 Basinghall Avenue, London, EC2V 5DD. Standard Chartered Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

Banking activities may be carried out internationally by different Standard Chartered Bank branches, subsidiaries and its affiliates (collectively “SCB”) according to local regulatory requirements. With respect to any jurisdiction in which there is an SCB entity, this document is distributed in such jurisdiction by, and is attributable to, such local SCB entity. Recipients in any jurisdiction would contact the local SCB entity in relation to any matters arising from, or in connection with, this document. Not all products and services are provided by all SCB entities.

This material is provided for general information purposes only and does not constitute either an offer to sell or the solicitation of an offer to buy any security or any financial instrument or enter into any transaction or recommendation to acquire or dispose of any investment.

The information contained herein does not purport to identify or suggest all the risks (direct or indirect) that may be associated with conducting business.

This communication is prepared by personnel from SCB’s Sales and/or Trading Desks. It is not research material and is not a product of SCB’s Research.

Any views expressed may differ from those of SCB’s Research. This material has been produced for reference and is not independent research or a research recommendation and should therefore not be relied upon as such. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. This material is not subject to any regulatory prohibition on dealing ahead of the dissemination of investment research.

This material is provided on a confidential basis and may not be reproduced, redistributed or transmitted, whole or in part, without the prior written consent of SCB.

This communication is not independent of SCB’s own trading strategies or positions. Therefore, it is possible, and you should assume, that SCB has a material interest in one or more of the financial instruments mentioned herein. If specific companies are mentioned in this communication, please note that SCB may at times seek to do business with the companies covered in this communication; hold a position in, or have economic exposure to, such companies; and/or invest in the financial products issued by these companies. This communication may be a marketing communication as referenced in the Market in Financial Instruments Directive 2014/54/EU.

SCB may be involved in activities such as dealing in, holding, acting as market makers or performing financial or advisory services in relation to any of the products referred to in this communication. The Sales and Trading personnel who prepared this material may be compensated in part based on trading activity. Accordingly, SCB may have a conflict of interest that could affect the objectivity of this communication.

This communication should not be construed as a recommendation (except to the extent it is an “investment recommendation” under MAR (as defined below)) for the purchase or sales of any security or financial instrument, or to enter into a transaction involving any instrument or trading strategy, or as an official confirmation or official valuation of any transaction mentioned herein.

The information provided is not intended to be used as a general guide to investing and does not constitute investment advice or as a source of any specific investment recommendations as it has not been prepared with regard to the specific investment objectives or financial situation of any particular person.

SCB does not provide, and has not provided, any investment advice or personal recommendation to you in relation to the transaction and/or any related securities described herein and is not responsible for providing or arranging for the provision of any general financial, strategic or specialist advice, including legal, regulatory, accounting, model auditing or taxation advice or services or any other services in relation to the transaction and/or any related securities described herein. The particular tax treatment of a service or transaction depends on the individual circumstances of each client and may be subject to change in the future. Accounting laws, rules, regulations, standards and other guidelines may differ in different countries and/or may change at any time without notice. SCB may not have the necessary licenses to provide services or offer products in all countries or such provision of services or offering of products may be subject to the regulatory requirements of each jurisdiction and you should check with your advisors before proceeding. Accordingly SCB is under no obligation to, and shall not determine the suitability for you of the transaction described herein.

You must ensure that you have sufficient knowledge, experience, sophistication and/or professional advice to make your own evaluation of the merits and risks of entering into such transaction. You are advised to make your own independent judgment (with the advice of your professional advisers as necessary) with respect to the risks and consequences of any matter contained herein.

While reasonable care has been taken in preparing this document, SCB expressly disclaims any liability and responsibility for any damage or loss you may suffer from your use of or reliance of the information contained herein. Any past or simulated past performance including back-testing, modelling or scenario analysis contained herein is not an indication of future performance or results. Changes in rates of exchange may have an adverse effect on the value of investments. No representation is made as to the accuracy of the assumptions made within, or completeness of, any modelling, scenario analysis or back-testing.

Predictions, projections or forecasts contained herein are not necessarily indicative of actual future events and are subject to change without notice. You are cautioned not to place undue reliance on such statements. While all reasonable care has been taken in preparing this communication, SCB makes no representation or warranty as to its accuracy or completeness.

Any opinions or views of third parties expressed in this material are those of the third parties identified, and not of SCB. Some of the information appearing herein may have been obtained from public sources and while SCB believes such information to be reliable, it has not been independently verified by SCB.

All opinions and estimates are given as of the date of the relevant document and are subject to change without notice. The value of any investment may also fluctuate as a result of market changes. SCB is not obliged to inform the recipients of this communication of any change to such opinions or estimates.

Where this material is an “investment recommendation” as defined in Article 3(1)(35) of the EU Market Abuse Regulation (“MAR”), distribution of this material is subject to the relevant provisions of MAR. For more information, please consult the MAR disclosures page.

Europe: This communication is not directed at Retail Clients in the European Economic Area as defined by Directive 2004/39/EC.

United States: Except for any documents relating to foreign exchange, rates or commodities, distribution of this document in the United States or to US persons is intended to be solely to major institutional investors as defined in Rule 15a-6(a)(2) under the US Securities Act of 1934. All US persons that receive this document by their acceptance thereof represent and agree that they are a major institutional investor and understand the risks involved in executing transactions in securities. Any US recipient of this document wanting additional information or to effect any transaction in any security or financial instrument mentioned herein, must do so by contacting a registered representative of Standard Chartered Securities (North America) LLC., 1095 Avenue of the Americas, New York, N.Y. 10036, US, tel +1 212 667 0700. WE DO NOT OFFER OR SELL SECURITIES TO U.S. PERSONS UNLESS EITHER (A) THOSE SECURITIES ARE REGISTERED FOR SALE WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION AND WITH ALL APPROPRIATE U.S. STATE AUTHORITIES; OR (B) THE SECURITIES OR THE SPECIFIC TRANSACTION QUALIFY FOR AN EXEMPTION UNDER THE U.S. FEDERAL AND STATE SECURITIES LAWS NOR DO WE OFFER OR SELL SECURITIES TO U.S. PERSONS UNLESS (i) WE, OUR AFFILIATED COMPANY AND THE APPROPRIATE PERSONNEL ARE PROPERLY REGISTERED OR LICENSED TO CONDUCT BUSINESS; OR (ii) WE, OUR AFFILIATED COMPANY AND THE APPROPRIATE PERSONNEL QUALIFY FOR EXEMPTIONS UNDER APPLICABLE U.S. FEDERAL AND STATE LAWS.

Middle East: This document is available in Arabic upon request.
يرجى التكرم بالعلم بأننا سنقوم بتزويدكم بترجمة للعربية عن هذه الوثيقة عندالطلب

SCB DIFC: This communication is issued by Standard Chartered Bank, Dubai International Financial Centre Branch (“SCB DIFC”). SCB DIFC having its offices at Dubai International Financial Centre, Building 1, Gate Precinct, P.O. Box 999, Dubai, UAE is authorised by the Dubai Financial Services Authority (“DFSA”). This document is intended for use only by Professional Clients, as defined by the DFSA Rulebook.

For SCB DIFC Islamic business: For Islamic banking business, SCB DIFC act under the supervision of the banks Shariah Supervisory Committee, which currently has three members. Relevant information on the Shari’a Supervisory Committee for the time being is available on the Standard Chartered Bank website in the Islamic banking section (at the time of publication of this Country Supplement).

Upon your request we will provide details of the manner and frequency of Our Shari’a reviews. The special features and characteristics of the Products we offer are set out in the Shari’a Compliant Agreements. We do not commingle funds attributable to our Islamic finance business with funds attributable to conventional finance business, by ensuring segregation in our booking systems by various system tools such as separate product codes, booking codes, branch codes as appropriate.

© 2018 Copyright Standard Chartered Bank and its affiliates. All rights reserved. All copyrights subsisting and arising out of these materials belong to Standard Chartered Bank and may not be reproduced, distributed, amended, modified, adapted, transmitted in any form, or translated in any way without the prior written consent of Standard Chartered Bank.

Trade Exposure Report Disclaimer

This document is provided by Standard Chartered Bank or any of its affiliates (SCB), and is confidential and may also be privileged. If you are not the intended recipient, please delete all copies and notify the sender immediately.

Information herein may not reflect our internal records or our theoretical valuation models. Nothing herein constitutes any indicative quotation of the price at which we would agree to replace, buy, unwind or terminate any product. Such value may not reflect all or any factors which could be relevant in establishing a firm price quotation. Nothing herein constitutes any offer or solicitation of any offer. No representation or warranty is made as to the value other dealers might ascribe to any products. Margin / collateral top-up or return notices may not be based on such information.

Information herein may reflect the individual components of a structured product and the values of those individual components. Nothing herein implies that these components or any part or parts thereof can be treated as individual or separate transactions.

This document is provided for information purposes only, and is not intended to be relied upon by any party for any purposes. Information herein is provided in good faith. We believe that the methodologies and models used to determine the information are accurate and reasonable but we make no representation or warranty as to their accuracy or appropriateness. We expressly disclaim any responsibility or liability for the accuracy of such information and any errors or omissions, and any uses or purported usage of such information.

Only the Collateral Management or Valuations team of SCB may provide documents of this type. You should promptly bring any discrepancy to our notice. SCB and its directors, officers, employees or agents shall not be responsible or liable for any losses or damages whatsoever which any person may suffer or incur as a result of such documents.

 

Additional Notes:

The value shown represents our current indicative daily mark which is the mid-price of the marked-to-market product (the “DM”) (including as relevant, any underlying or related transactions or securities) as at the date shown and at the close of business in London or for locally traded products at the close of business in that trading centre. The value is based on the notional/nominal amount of the product rather than on a per unit basis. This DM excludes amounts for profits, credit reserves, hedging, funding, liquidity, collateral or any other costs or adjustments. In addition to these exclusions, specifically in the case of Notes issued by SCB, this DM does not take account of our replacement costs for funding and liquidity. Such costs may be material to the transaction. The DM was determined by using our standard methodology for valuing transactions or securities of this kind or we have sourced such DM from third parties. That methodology may involve models, empirical data and assumptions. Vanilla products (e.g. FX forwards, NDF, IRS, CCS) are in general priced from zero coupon discounting cashflow based methodologies or screen quotations, however products with optionality or path dependency would use the bank’s more complex proprietary models in most cases. All values used to: i) directly mark a product or ii) mark a product as an input to the model are deemed to be at mid-market and are based on our view of the market at that particular time.

This statement may also contain information other than DM details (such as a sensitivity analysis, cash flow analysis, etc) (the “Additional Transactional Information”).

 

Margin Call, Collateral Movement and Interest Movement Report Disclaimer

This document is provided by Standard Chartered Bank or any of its affiliates (SCB), and is confidential and may also be privileged. If you are not the intended recipient, please delete all copies and notify the sender immediately.

This document is provided in good faith and for collateral related purposes only. It is also subject to change. It should not be relied on for any other purpose (including any valuations for the purpose of your financial books and records, or as a basis for making any trading, hedging or investment decision).

Any valuations shown herein represent our current indicative valuation of the relevant transactions and/or collateral as at the date shown for the sole purpose of determining collateral requirements. Valuations have been derived from our own methodology (which is subject to change), or sourced from third parties.

Nothing herein constitutes an offer (or solicitation of any offer) by us, or represents the price or terms at which we would be willing to transact, unwind or terminate any transaction.

We make no representation or warranty as to the adequacy or reasonableness of the information herein. We expressly disclaim any responsibility or liability for the accuracy of content herein and any errors or omissions, any uses or purported usage of such content, and the calculation methodology used.

Regulatory compliance statements

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