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 firstname.lastname@example.org or 212-901-6000 for more information if you have any questions.
From time to time the derivatives sales & trading personnel of CONA distributes commentary on economic, political and/or market conditions (“Market Commentary”) that, in some cases, may be considered to be a general solicitation for entering into derivatives and/or foreign exchange transactions, as contemplated under CFTC Regulation 23.605, but is never a “research report” as defined therein. Market Commentary is not to be construed as a recommendation or opinion with respect to any Swap or derivative, or trading strategy involving a Swap or derivative, for purposes of CFTC Part 23 Regulations. Market Commentary does not take into account the investment objectives, financial conditions or needs of any individual party, and is not intended to serve as a basis for entering into a Swap or derivatives transaction or to suggest, in any manner, that a party should enter into a particular Swap or derivative transaction, or trading strategy involving a Swap or derivative. The information contained in Market Commentary is obtained from sources believed to be reliable, but it is not represented to be accurate, complete or objective. 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 or legal advice regarding these instruments or transactions. CONA may have current positions or strategies that may be inconsistent with any views expressed in Market Commentary. You should consult your own advisors for opinions and advice on whether to enter into any Swap or derivatives transaction or trading strategy involving a Swap or derivative.