Legal Disclaimer

General

The terms of this disclaimer (hereinafter referred to as 'Disclaimer') apply to this web site ("www.maxtrad.com") of RBS. The Royal Bank of Scotland plc is registered with Company number 083026 and has its registered office at 36 St Andrew Square, Edinburgh EH2 2YB. The Royal Bank of Scotland N.V. is located in Amsterdam and registered at Amsterdam Trade Registry, number 33002587. The Royal Bank of Scotland N.V. and The Royal Bank of Scotland plc are authorised agents of each other in certain jurisdictions.

Please read this Disclaimer carefully.

By accessing the web site and or using the information provided on or via these web sites you agree to be bound by this Disclaimer. In the event of any conflict between the terms and conditions of specific products and services and this Disclaimer, the conditions specific to such products and services shall prevail.

Use of these web sites

The information provided on or via the web site should not be used as a substitute for any form of advice. Decisions based on this information are for your own account and risk.

Although RBS attempts to provide accurate, complete and up-to-date information, which has been obtained from sources that are considered reliable, RBS makes no warranties or representations, express or implied, as to whether information provided on or via these web sites is accurate, complete or up-to-date. RBS controls and maintains these web sites from The United Kingdom and makes no representation that the information provided on or via these web sites is appropriate or available for use in other locations. If you use these web sites from other locations, you are responsible for compliance with applicable local laws.

RBS does not represent or warrant that these web sites functions without error or interruption.

Use of these web sites that may hinder the use of other Internet users, that can endanger/jeopardise the functioning of these web sites and/or affect the information provided on or via these web sites or the underlying software, is not permitted.

Third party information, products and services where RBS provides hypertext links to third party web sites, such links are not an endorsement by RBS of any products or services provided on or via such web sites. The use of such links is entirely at your own risk and RBS accepts no responsibility or liability for the content, use or availability of such web sites. RBS has not verified the truth, accuracy, reasonability, reliability, completeness of any content of such web sites.

Intellectual Property

RBS, or the relevant owner, retains all rights (including copyrights, trademarks, patents as well as any other intellectual property right) in relation to all information provided on or via these web sites (including all texts, graphics and logos). You may not copy, download, publish, distribute or reproduce any of the information contained on these web sites in any form without the prior written consent of RBS or the appropriate consent of the owner. However, you may print out and/or download information contained on these web sites for your own personal use.

Links to RBS Sites are not permitted without the prior written consent of RBS.

Communication on line

Messages that you send to RBS by e-mail may not be secure. RBS recommends that you do not send any confidential information to RBS by e-mail. If you choose to send any messages to RBS via e-mail, you accept the risk that they may be intercepted, misused and modified by a third party.

Exclusion of liability

Neither RBS nor any of its agents or subcontractors shall be liable for any direct, indirect, special, incidental, consequential, punitive, or exemplary damages, including but not limited to financial losses, lost profits or breach of the brand image (even if RBS is advised of the possibility thereof) arising in any way from, including but not limited to, (i) any defects, viruses, or other malfunctions caused to any equipment and other software in connection with access or use of these web sites, (ii) the information provided on or via these web sites, (iii) the interception, modification or misuse of information transmitted to RBS or transmitted to you, (iv) the functioning or non-availability of these web sites, (v) the misuse of these web sites, (vi) the loss of data, (vii) downloading or use of any software made available by these web sites, or (viii) claims of third parties in connection with the use of these web sites.

The exclusion of liability is also made for the benefit of directors and employees of RBS.

Applicable law

While we have taken all reasonable steps to ensure the accuracy and completeness of the content of the website, we exclude any warranties, undertakings or representations (either express or implied) to the full extent permitted under applicable law, that the website or (including without limitation) all or any part of the content or materials, accuracy, availability or completeness of the content of the website or any part of the content or materials are appropriate or available for use either in the United Kingdom or in other jurisdictions. If you use this website from other jurisdictions, you are responsible for compliance with applicable local laws.

Important information for US Persons!

The offering, sale and/or distribution of many of the products or services described on this website is not intended in any jurisdiction to any person to whom it is unlawful to make such an offer, sale and/or distribution, including the United States. If you intend to obtain any product or service from RBS that is described on this web site, you must first inform RBS whether you are a US Person or if you would not be allowed to obtain such products or services from RBS in your home jurisdiction.

This website and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or a solicitation of any offer to sell any securities or any other banking product or service to US Persons. Any brokerage and investment advisory services described herein are not intended for U.S. Persons. Furthermore, any solicitation on this web site of retail banking services (including accepting and/or soliciting deposits), insurance services, mortgage and/or consumer lending services or credit card services is not intended for U.S. Persons.

"US Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.

Neither RBS nor any of its affiliates accepts any liability whatsoever for any loss howsoever arising from any use of this website or its respective contents or otherwise arising in connection therewith. RBS cannot be held responsible for any damages or losses that occur from transactions and/or services in defiance of the relevant rules of the purchaser's home jurisdiction.

Amendments

RBS reserves the right to change the information provided on or via these web sites, including the terms of this Disclaimer, at any time and without notice. It is recommended that you review the information provided on or via these web sites, including the terms of this Disclaimer, periodically for changes.