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Legal Information
IMPORTANT
This site, www.arbresearch.com (the "Site"), and/or on any other Nomura linked web sites and any content, contains information produced by Nomura Group Companies ("Nomura") some of which operate within different regulatory regimes. The research reports included on the Site itself have been published by Nomura Securities International, Inc. ("NSI"). Appropriate disclaimers are displayed and should be read. All references in these terms and conditions to "Nomura Group" are references to Nomura Holdings Inc and any company controlled, directly or indirectly, by it, including NSI.
INFORMATION PURPOSES ONLY
The Site has been prepared solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent advice should be sought where appropriate. All information and opinions expressed herein are current as of publication, are subject to change without notice and may not constitute the most recent published information and opinions of Nomura with respect to the subject matter thereof.
LIMITATIONS ON ACCESS
The contents of this website are intended solely for sophisticated institutional investor customers of NSI and no other person or entity shall place reliance on its contents.
NO RELIANCE
While Nomura has endeavored to ensure the accuracy of the information at this Site, Nomura does not guarantee or give any warranty as to the accuracy, timeliness or completeness of any information or material at this Site.
NO WARRANTY
The materials at this Site are provided "as is" without warranty of any kind, either express or implied, to the fullest extent permissible pursuant to applicable law, including but not limited to implied warranties of merchantability, satisfactory quality or fitness for a particular purpose. Nomura further accepts no responsibility or liability for, and makes no warranties that, functions contained at this Site will not be interrupted or error-free or that defects will be corrected. Please note that some jurisdictions do not allow the exclusions of implied warranties, so some or all of the above exclusions may not apply to you. In no event will any of Nomura be liable to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if Nomura has been advised of the possibility thereof. Applicable law may not allow the limitation or exclusion of liability for consequential or incidental damages, so the limitation or exclusion may not apply to you.
LOCAL LAWS AND REGULATIONS
This Site is not directed at any person in any jurisdiction where for any reason the publication or availability of this Site is prohibited. Those in respect of whom such prohibitions apply must not access this Site. Nomura does not represent that (i) any of the materials at this Site; (ii) any investment services that may be deemed to be available on this Site; or (iii) anything else on this Site, are appropriate for use or permitted by local laws in all jurisdictions. Those who access this Site do so on their own initiative, and are responsible for compliance with applicable local laws or regulations; legal advice should be sought in cases of doubt. Those who access this Site may not necessarily be able to deal directly with all or any Nomura entities. None of the materials or investment services at or referred to at this Site are available to persons resident in any jurisdiction where this would be contrary to local law or regulation. Without limitation, none of the materials or investment services at or referred to at this site are available to persons resident in Australia.
UNITED STATES OF AMERICA
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NOMURA INTERESTS
Nomura, its shareholders, directors, officers and employees may make a market or deal as principal in the securities, commodities or instruments mentioned in materials at the Site or in options or other derivative instruments based thereon. In addition, any member of or individual within a Nomura Group company, may from time to time have long or short positions in such securities or in options, future or other derivative instruments based thereon. Any member of or individual within Nomura may be a director of the issuer of the securities mentioned at the Site. Any member of the Nomura Group may have managed or co-managed a public offering of, or acted as initial purchaser or placement agent for a private placement of, any of the securities of any issuer mentioned at the Site. Any member of the Nomura Group may from time to time perform investment banking or other services for, or solicit investment banking or other business from the aforementioned companies.
COPYRIGHT
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VALUATIONS
The valuations contained herein may be based on historical data and should not be substituted for information derived from real time market data. These valuations are not a commitment by Nomura to enter into any transaction. They may not reflect Nomura's internal theoretical valuation models and may vary significantly from indicative valuations available from other sources. There may be certain factors that have not been assessed for the purposes of these valuations that may substantially affect a stated valuation. While Nomura has obtained the information on which these valuations are based from sources that it believes to be reliable, Nomura makes no representations or warranties with respect to any indicative valuations.
LINKS TO AND FROM THE SITE
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