Legal Notices

The information on this internet portal is subject to continuous review and updating by Commerzbank AG. However, some details may have changed since first published. We therefore accept no liability or guarantees for the accuracy, completeness or topicality of the information provided on this site or any other site to which hyperlinks are provided. Commerzbank AG is not responsible for the content of any external websites linked to in this way.

The content and structure of this portal are protected by copyright. Any reproduction of information or data, particularly the use of texts, text extracts or images is prohibited without the express prior consent of Commerzbank AG.

Data protection

Cookies

Our websites occasionally use cookies when you visit them. Cookies are small text files which are stored on your computer and saved by your browser. They help to make the service we provide user-friendly, effective and secure. We use a cookie to solely remember your preferred language setting. Passwords are not stored in cookies. Most of the cookies we use are session cookies. They are automatically reset at the end of your visit, once you log out. If you end the session by closing your browser, the cookie is saved for a certain amount of time and is subsequently overwritten or deleted by the client (e.g. your PC or tablet). Our cookies do not cause any damage to your computer and do not contain any viruses.

Webtracking

Data on our websites are collected and stored pseudonymously using web-controlling technologies, solely for optimisation purposes. These data are used to create user profiles under a pseudonym. Cookies can also be used for this purpose; however, the data are collected and stored solely in pseudonymised form. The data are not used to identify visitors to the website personally and will not be linked to data relating to the bearer of the pseudonym. You can configure your browser in such a way that you are informed as soon as cookies are created, so that you can refuse them if necessary. You can also prevent the installation of cookies by selecting the appropriate settings on your browser. However, this might mean that you cannot make full use of all the functions on this website. No personal data whatsoever is stored. The user’s IP address will be obscured and will not enable any inferences to be made about visitors to the website.

Processing personal data with your consent

We will ask you to provide your name, address and e-mail address in an order form, so that we can send you the publications or newsletters that you have ordered from our website. These data are stored and used solely for the purpose of sending you the desired information. They will not be passed on to third parties. By entering your data (name, address, e-mail address) in the form and putting a cross in the box, you give us your consent to store and use the data to send you the requested information. Consent is given voluntarily. Withholding consent will have no influence on the execution of the contract. The personal data you enter to receive the newsletter will be stored until you cancel your subscription. You can revoke your consent given to Commerzbank AG at any time with future effect.

Processing personal data based on legitimate interests

In the event that you have not provided us with your consent to store, use and disclose your data, we may still process your personal data if it is in the legitimate interests of the Bank or another person and such legitimate interests outweigh any adverse effect on the individual. In this regard, we process personal data of our customers, employees and other persons (where relevant) to provide our services and to conduct our business, to perform credit analysis, to improve and optimise our services, products, business processes and environment (including through the engagement of cloud service partners or otherwise), for marketing and business development purposes, for research and development purposes, to lodge and manage legal claims and other disputes, to ensure security of business assets and individuals at premises, to prevent, detect and investigate fraud, misuse of services and other criminal acts and for risk management within the Commerzbank Group. We use advanced technology with the highest security standards from our cloud service partners to provide the services, based on the purposes above, for the individuals as fast as possible in a high-quality manner, so that we are convinced that these legitimate interest outweigh any adverse effect on the individual.

Disclaimer

Commerzbank AG provides you through Corporate Banking portal content, informaton and the accesss to different bank service applications.

a)

The content on this website has been created and published by the Commerzbank AG, Frankfurt/Main or the group companies mentioned in the document ("Commerzbank").

This is a financial promotion/marketing communication (together “communication”). It is not “investment research” or “financial analysis” as these terms are defined in applicable regulations and has not been prepared by a research analyst. The views in this communication may differ from the published views of Commerzbank Corporate Clients Research Department and the communication has been prepared separately of such department.

This communication may contain short term trading ideas. Any returns or future expectations referred to are not intended to forecast or predict future events. Any prices provided herein (other than those that are identified as being historical) are indicative only, and do not represent firm quotes as to either size or price.

This communication is for information purposes only. The information contained herein does not constitute the provision of investment advice. It is not intended to be nor should it be construed as an offer or solicitation to acquire, or dispose of, any of the financial instruments and/or securities mentioned in this communication and will not form the basis or a part of any contract. Potential counterparties/ distributors should review independently and/or obtain independent professional advice and draw their own conclusions regarding the suitability/appropriateness of any transaction including the economic benefit and risks and the legal, regulatory, credit, tax and accounting aspects in relation to their particular circumstances. Levels, bases and relief from taxation may change from time to time.

Any information in this communication is based on data obtained from sources believed by Commerzbank to be reliable, but no representations, guarantees or warranties are made by Commerzbank with regard to the accuracy, completeness or suitability of the data.

The past performance of financial instruments is not indicative of future results. No assurance can be given that any financial instrument or issuer described herein would yield favourable investment results.

This communication is intended solely for distribution to Professional Clients and/or Eligible Counterparties of Commerzbank. It is not intended to be distributed to Retail Clients or potential Retail Clients. Neither Commerzbank nor any of its respective directors, officers or employees accepts any responsibility or liability whatsoever for any expense, loss or damages arising out of or in any way connected with the use of all or any part of this communication.

Commerzbank and/or its principals or employees may have a long or short position or may transact in financial instrument(s) and/or securities referred to herein or may trade in such financial instruments with other customers on a principal basis. The information may have been discussed between various Commerzbank personnel and such personnel may have already acted on the basis of this information (including trading for Commerzbank’s own account or communication of the information to other customers of Commerzbank). Commerzbank may act as a market maker in the financial instruments or companies discussed herein and may also perform or seek to perform investment banking services for those companies.

No part of this communication may be reproduced, distributed or transmitted in any manner without prior written permission of Commerzbank. This communication or the manner of its distribution may be restricted by law or regulation in certain countries. Persons into whose possession this content may come are required to inform themselves about, and to observe any such restriction.

By accepting this communication, a recipient hereof agrees to be bound by the foregoing limitations.

Copyright © Commerzbank AG 2020. All rights reserved.

b)

Dubai (DIFC): The content on the website has been approved for distribution in or from the DIFC, Dubai, United Arab Emirates (the U.A.E) under the applicable Regulatory Law 2004 and the DFSA Rules by Commerzbank AG DIFC Branch. This document may only be received in or from the DIFC, Dubai U.A.E by Market Counterparties and Professional Clients as defined in the DFSA Rulebook Conduct of Business Module Section 2.3. Commerzbank AG DIFC Branch is regulated by The Dubai Financial Services Authority (The ‘DFSA’). Commerzbank AG DIFC Branch Suite 11-15, Gate Village 05 4th Floor, Dubai International Financial Centre PO Box 506596, Dubai, United Arab Emirates Tel.: +971 4 428 4999