Product Risk Information. Citi may provide you with services in relation to all types of financial instruments. The following is a list of such instruments based on the list set out in Annex 1 of MiFID. For the avoidance of doubt, the product risk information contained in this paragraph 6 is only given insofar as the following financial instruments are relevant to this Agreement: • transferable securities • money market instruments • units in collective investment undertakings • options, futures, swaps, forward rate agreements and any other derivatives contracts relating to: • commodities, whether cash and/or physical settled and whether or not traded on a regulated market and/or multilateral trading facility • climatic variables, freight rates, commission allowances or inflation rates or other official economic statistics • derivative instruments for the transfer of credit risk • financial contracts for differences • other derivative contracts In deciding to deal with Citi in such products generally, and in any particular case, you will have already assessed the risks involved in those products and in any related services and strategies which, in any particular case may (as relevant) include any of, or a combination of any of, the following: • credit risk • market risk • liquidity risk • interest rate risk • FX risk, business, operational and insolvency risk • the risks of OTC, as opposed to on-exchange, trading, in terms of issues like the clearing house “guarantee”, transparency of prices and ability to close out positions • contingent liability risk • regulatory and legal risk In relation to any particular product or service there may be particular risks which are drawn to your attention in the relevant terms sheet, offering memorandum or prospectus. You must not rely on the above as investment advice based on your personal circumstances, nor as a recommendation to enter into any of the services or invest in any of the products listed above. Where you are unclear as to the meaning of any of the above disclosures or warnings, we would strongly recommend that you seek independent legal or financial advice.
Product Risk Information. The services provided to you under the Custody Terms may relate to financial instruments (as listed in Section C of Annex I of Directive 2014/65/EU). Investing in financial instruments involves a degree of risk and some financial instruments are more risky than others. Prices can fall as well as rise and there is a risk you may lose some or all of your investment in a financial instrument. Before deciding to transact in any financial instrument generally, and in any particular case, you will have assessed the risks inherent in those financial instruments and in any related services and strategies which include but are not limited to the following: · credit risk; · market risk (including the impact of positive and negative market conditions); · liquidity risk; · volatility risk; · limitations on the available market; · impediments or restrictions on divestment (including possible exit methods and their consequences, possible constraints on and the estimated timeframe for sale); · interest rate risk; · stabilisation risk; · dividend risk; · risks relating to leverage; · margin requirements or similar obligations; · FX risk, business, operational and insolvency risk (including related events such as bail-in); · issuer risk · the risks of OTC, as opposed to on-exchange trading (such as the nature of clearing house “guarantees”, transparency of prices and ability to close out positions); · contingent liability risk; · tax, regulatory and legal risk; and · whether you may assume, as the result of the investment, financial commitments or other additional obligations, including contingent liabilities additional to the cost of acquiring the investment. You should also read any relevant documentation, for example term sheets and offering memoranda, which may highlight a non-exhaustive set of additional risks particular to the financial instruments. You should not rely on such highlighted risks as being the only risks in relation to a financial instrument. The Custodian may provide services in respect of financial instruments for which the identified target market for those financial instruments is limited to professional clients as well as those for which the target market for those financial instruments is professional and retail clients. Some of these financial instruments may be unsecured financial instruments issued or entered into by “BRRD Entities” (i.e. EU entities within the scope of Directive 2014/59/EU (the “BRRD”), including EU credit institutions, certai...
