Important notice concerning copyright protection.
The International Swaps and Derivatives Association (“ISDA”) owns the copyright in the document appearing in this web posting. This instrument may not be revised, reproduced, displayed or distributed except for participants documenting their own commercial transactions, in which case ISDA's underlying copyright notice shall not be removed.
This instrument's use should be undertaken only after securing appropriate legal advice on its provisions. ISDA makes no warranty or assurance, express or implied, concerning this instrument's suitability for use in any particular transaction and therefore bears no responsibility or liability whatsoever, whether in tort or in contract, in respect of any use of this instrument.
If you choose to display, reproduce or link this document on your website or otherwise to transmit it to third parties, you must provide prominent written notice on your website and in all external communications to third parties that: (a) in no event may any copyright or trademark notice from the International Swaps and Derivatives Association, Inc. be removed; and (b) this instrument's use should be undertaken only after securing appropriate legal advice on its provisions and ISDA makes no warranty or assurance, express or implied, concerning this instrument's suitability for use in any particular transaction and bears no responsibility or liability whatsoever, whether in tort or in contract, in respect of any use of this instrument.
In general, ISDA documents are protected by federal copyright law and international copyright treaties. The unauthorized reproduction and/or distribution of copyrighted documents may violate U.S. copyright law and international agreements. Violations may be punishable by statutory fines of up to $150,000 and other severe civil and/or criminal penalties. Please click here for the 'Memorandum on Frequently Asked Questions on Copyright'. Contact the ISDA Legal Department at isda@isda.org or 212-901-6000 for more information if you have any questions.
From time to time the derivatives sales & trading personnel of Capital One, N.A., its affiliates or subsidiaries (“CONA”) distribute commentary on economic, political and/or market conditions (“Market Commentary”). Market Commentary is not intended to be objective analysis and advice, nor should it be construed as tax, legal, financial, accounting or other advice. Market Commentary is not a solicitation, offer, recommendation or opinion with respect to entering into any Swap, derivative and/or foreign exchange transaction, or trading strategy involving a Swap, derivative and/or foreign exchange transaction, for purposes of CFTC Part 23 Regulations, and is not a “research report” as defined in CFTC Regulation 23.605. Views expressed in Market Commentary reflect the views of the CONA Sales and Trading Personnel who prepare or provide the Market Commentary and may differ from the views or opinions of others at CONA, including any Capital One research analyst or research team. Swaps, options, futures, foreign exchange transactions and other derivatives are complex instruments, may involve a high degree of risk, and may be appropriate only for sophisticated customers who are capable of understanding and assuming the risks involved. Market Commentary is condensed and incomplete, does not include all risk factors or other material matters, and should not serve as the basis for any investment or hedging decision. Market Commentary does not take into account the investment objectives, financial conditions, risk management or hedging needs of any individual party, and is not intended as advice regarding, or recommendations of, particular risk management strategies, trading strategies or investments, or as a basis to consider CONA to be a fiduciary, municipal advisor or other type of advisor, or to serve as a basis for entering into a Swap, derivative and/or foreign exchange transaction or to suggest, in any manner, that a party should enter into a particular Swap, derivative and/or foreign exchange transaction, or trading strategy involving a Swap, derivative and/or foreign exchange transaction. Any price levels, terms or conditions contained in Market Commentary are indicative and for discussion purposes only. Final terms and conditions are subject to further discussion and negotiation. All charts and graphs are illustrative only. The information contained in Market Commentary has been prepared in good faith and is obtained from sources believed to be reliable, but it is not represented or warranted to be accurate, complete, objective or up to date, and no independent verification of the information has been made. In providing Market Commentary, neither CONA nor any affiliate of CONA is acting as your agent, broker, advisor or fiduciary, or is offering any tax, accounting, legal, financial or other advice regarding these instruments or transactions. CONA may have current positions or strategies and may enter into conflicting activities, including trading as principal in swaps, options, futures, foreign exchange transactions and other derivatives that are the subject of Market Commentary before or after disseminating the Market Commentary, as well as market making, lending or other services related to the instruments mentioned. Further, CONA’s trading desks may make trading decisions that may be inconsistent with any views expressed in Market Commentary. You should consult your own advisors for opinions and advice regarding the legal, tax, accounting, financial and other aspects of whether to enter into any Swap, derivatives and/or foreign exchange transaction or trading strategy involving a Swap, derivative and/or foreign exchange transaction.
When you provide your email address, we may use it to send you important information about your application and account(s), as well as other useful products and services.