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The information on this website is not directed at and must not be acted upon by persons inside the United States of America. By accessing this website you confirm whether you are a professional or retail client within the meaning of Annex II of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments as well as any local transpositions.

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A professional client possesses the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs. The following should all be regarded as professionals in all investment services and activities and financial instruments for the purposes of the directive:

1) Entities which are required to be authorised or regulated to operate in the financial markets such as credit institutions, investment firms, other authorised or regulated financial institutions or insurance companies.

2) Large undertakings meeting two of the following size requirements on a company basis:
◾ balance sheet total: EUR 20 000 000
◾ net turnover: EUR 40 000 000
◾ own funds: EUR 2 000 000

3) National and regional governments, including public bodies that manage public debt at national or regional level, Central Banks, international and supranational institutions.

4) Other institutional investors whose main activity is to invest in financial instruments, including entities dedicated to the securitisation of assets or other financing transactions.

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