Statement Disclaimer | DBS Vickers Online Trading

Disclaimer for Statements

Disclaimer for StatementsDBS Vickers Securities (Singapore) Pte Ltd and/or its affiliates and related corporations (individually and collectively “DBSV”) may provide you with valuation statements and/or other information from time to time of all outstanding transactions and products entered into by you with DBSV. By receiving this statement, you acknowledge that in consideration of DBSV providing this statement to you, you agree to the following terms and conditions:

This statement and any and all of its valuation and content (collectively, the “Statement”) are provided solely for your information and should be treated as proprietary and confidential and you should not rely on it for any other purposes. If the Statement is sent to you via electronic means, DBSV will not be responsible for any corruption or alteration of the data or any risks related to the electronic communication during its transmission to you.

The Statement is not intended to imply that an actual trading market exists for the transaction or product concerned or that it is appropriate to assume (for accounting or other purposes) that such a trading market exists, and any assumptions used for the valuations are subject to change without notice. Actual trade prices (if any) for entering into new transactions or products or for terminating or assigning existing transactions or products may vary significantly from the valuations provided in the Statement as a result of various factors, which may include (but are not limited to) prevailing credit spreads, market liquidity, position size, transaction and financing costs, hedging costs and risks and use of capital and profit.

The Statement may be based on different dates and times and the valuations (including market data used in deriving such valuations) may be as of an earlier date and/or time than that indicated on the Statement. The prices used for the valuation of your positions may be based on the market closing prices as of the Statement’s date as provided by the relevant exchanges for exchange-traded products, the last available prices obtained from appropriate financial information vendors, market-makers for over-the-counter products or on such other bases as DBSV deems appropriate. For structured products and mutual funds, the prices used may be based on the latest available prices as provided by the fund managers or product issuers or on such other bases as DBSV deems appropriate.

You acknowledge that DBSV has not advised you as to the appropriateness of any particular use of the Statement (in particular the valuations and/or information in the Statement), including in connection with internal financial accounting determinations or in satisfaction of reporting obligations. You should consult your own auditors and such other advisers you deem appropriate as to whether the Statement may be useful to you in connection with the preparation of your financial statements (and, in particular, whether and to what extent the valuations and/or information in the Statement may be treated as being indicative of prices at which trades could be executed) or for any other purpose.

The Statement has been prepared by DBSV in good faith. DBSV does not guarantee their completeness or accuracy or timeliness and expressly disclaims any responsibility for (i) estimates or assumptions used in deriving the valuations, (ii) any errors or omissions in computing or disseminating the valuations, and (iii) any uses to which the valuations may be put. DBSV does not undertake to correct any valuations provided or to notify you of any correction.

DBSV does not accept any liability for any loss or damage (whether direct, indirect, consequential or otherwise) arising from any use of the Statement or otherwise arising in connection herewith or under any legal theory.

You must check the completeness and accuracy of the Statement and inform DBS Group within fourteen (14) calendar days from the date of the Statement of any error or discrepancy. Otherwise, the Statement shall be deemed complete and accurate and you shall not be entitled to object thereto. However, DBSV is entitled at any time to rectify any error on the Statement.

DBSV may, in its sole and absolute discretion, at any time decline to provide statements to you on any product(s), notwithstanding that it may have previously provided such statements to you for the same or similar product(s).

Privacy and Confidentiality NoticeThe Statement is intended for the named recipient only. If you are not the intended recipient you must not copy, distribute or take any action upon them. If you have received the Statement in error, please notify us immediately.General Trading AgreementTo view the complete information on our General Trading Agreement governing your relationship with us, please click here.

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