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Disclaimer
The information provided on this site contains disclaimer information related to GMI Products and Services.
DisclaimerThe information provided on this site or in any communication containing a link to this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Merrill Lynch or its affiliates to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained in this site constitutes a solicitation or offer by Merrill Lynch or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.The information on this site is provided "AS IS". Merrill Lynch does not warrant the accuracy of the materials provided herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. Merrill Lynch will not be responsible for any loss or damage that could result from interception by third parties of any information made available to you via this site. Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, Merrill Lynch cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose. Neither Merrill Lynch, nor any of its affiliates, directors, officers or employees, nor any third party vendor will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this site, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of Merrill Lynch or of any vendor providing software or services support. In no event will Merrill Lynch, its affiliates or any such parties be liable to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if Merrill Lynch or any other party have been advised of the possibility thereof. BroadcortNeither the information nor any opinion contained on the Merrill Lynch Broadcort pages constitute a solicitation or offer by Merrill Lynch to buy or sell any security, futures contract, options contract, financial instrument or service. Certain products and services may not be available to you. The information on this page is not intended for distribution to or use by any person or entity in any jurisdiction where (a) distribution or use of such information would be contrary to law or regulations, or (b) Merrill Lynch would become subject to new or additional legal or regulatory requirements. If you have a contractual relationship with a Merrill Lynch entity that extends to products and services referenced on the Merrill Lynch Global Broadcort pages, the communications made hereby are and shall be deemed made, as the context may require, by such entity.Broadcort is a service mark of Merrill Lynch, Pierce, Fenner & Smith Incorporated. Futures and OptionsThis site is intended for informational purposes only and the opinions set forth herein should not be viewed as an offer or solicitation to buy, sell or otherwise trade futures and/or options. All opinions and information contained in this site constitute Merrill Lynch Pierce Fenner & Smith’s (“Merrill Lynch”) judgment as of the date of this document and are subject to change without notice. Merrill Lynch, persons connected with it, affiliates of Merrill Lynch ("Merrill Lynch Affiliate") and their respective directors and employees may, directly or indirectly, effect or have effected a transaction for their own account in the investments referred to in the material contained herein before or after the material is published to any customer of a Merrill Lynch Affiliate or may give advice to customers which may differ from or be inconsistent with the information and opinions contained herein. While the information contained herein was obtained from sources believed to be reliable, no Merrill Lynch Affiliate accepts any liability whatsoever for any direct, indirect or consequential loss arising from any inaccuracy herein or from any use of this document or its contents. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS ASSOCIATED WITH FUTURES AND OPTIONS TRADING CAN BE SUBSTANTIAL. Outside of the United States, this site is intended solely for distribution to professional investors. Further information may be obtained upon request and for this purpose, persons outside the United States should contact the Merrill Lynch office located in or nearest to the country in which they reside.Special Notice to Clients Regarding SEC Emergency Order Temporarily Banning Short Sales in Financial Stocks (September 22, 2008)On September 18, 2008, the SEC issued an Emergency Order prohibiting the short selling of securities issued by certain financial firms ("Covered Securities"). The Emergency Order, as amended on September 21, 2008, provides an exception to the prohibition for bona fide market makers in derivatives, including over-the-counter market makers, that effect short sales as part of their bona fide market making and hedging activity related directly to bona fide market making in: (a) derivative securities based on Covered Securities, or (b) exchange traded funds and exchange traded notes of which Covered Securities are a component.Importantly, the exception for derivatives market makers does not apply to market maker short sales if the market maker knows the customer's/counterparty's transaction will result in the customer/counterparty establishing or increasing an "economic net short position" in the Covered Securities. In determining an economic net position, a person should include positions in the physical common shares, as well as positions/exposures arising from derivative instruments such as options, convertible bonds, or equity swaps relating to a Covered Security. In its capacity as a market maker in derivatives, Merrill Lynch is relying upon the market maker exception under the amended Emergency Order. Merrill Lynch's derivatives customers/counterparties are hereby advised that Merrill Lynch may not knowingly effect a short sale as part of Merrill Lynch's bona fide market making and hedging activity in a derivative security based on a Covered Security or ETF/ETN, if the transaction will result in the customer/counterparty either establishing or increasing an economic net short position in a Covered Security. Therefore, any customer/counterparty seeking to transact in a manner inconsistent with this limitation should NOT contact or solicit Merrill Lynch for quotes or prices. For transactions in which Merrill Lynch acts as a derivatives market maker, customers/counterparties should presume that Merrill Lynch will effect short sales in the underlying securities to hedge its exposure. Therefore, customers/counterparties to Merrill Lynch market maker transactions in Covered Securities will be deemed to have represented and warranted that the transaction will NOT result in the customer/counterparty establishing or increasing an "economic net short position" in the Covered Securities and that the customer/counterparty is complying with the terms of the SEC's Emergency Order, as amended In addition, customers/counterparties entering into any derivative transaction with Merrill Lynch will be deemed to have represented and warranted that: (i) on or prior to the date of the derivative transaction in Covered Securities, customer/counterparty has consulted with its legal advisors regarding the SEC Emergency Order requiring the disclosure of short positions in certain publicly traded securities (the "Disclosure Order"); and (ii) customer/counterparty is not entering into the derivative transaction with the intent to avoid or circumvent the disclosure obligations imposed by the Disclosure Order. Customers/counterparties to derivative transactions will also be deemed to have acknowledged that Merrill Lynch may determine to: (i) disclose sales of Covered Securities sold short to hedge the Merrill Lynch exposure related to the derivative transaction on any disclosure form provided under the Disclosure Order; (ii) identify in such disclosure form that any short position in the Covered Securities is a hedge for Merrill Lynch’s exposure under a derivative transaction; and (iii) notwithstanding any other agreement between or among customer/counterparty and Merrill Lynch to the contrary, if requested by a regulator having jurisdiction over Merrill Lynch or the Disclosure Order, provide such other information related to such short position or disclosure as such regulator may request. The amended Emergency Order may be found at http://www.sec.gov/rules/other/2008/34-58611.pdf. The Disclosure Order may be found at http://www.sec.gov/rules/other/2008/34-58591a.pdf We encourage you to consult your own legal counsel regarding the scope and application of the Emergency Order and the Disclosure Order. Please contact your Merrill Lynch representative if you have any questions regarding this Special Notice. Global CommoditiesNeither the information nor any opinion contained on the Merrill Lynch Global Commodities pages constitute a solicitation or offer by Merrill Lynch to buy or sell any security, futures contract, options contract, financial instrument or service. Certain products and services may not be available to you. The information on this page is not intended for distribution to or use by any person or entity in any jurisdiction where (a) distribution or use of such information would be contrary to law or regulations, or (b) Merrill Lynch would become subject to new or additional legal or regulatory requirements. If you have a contractual relationship with a Merrill Lynch entity that extends to products and services referenced on the Merrill Lynch Global Commodities pages, the communications made hereby are and shall be deemed made, as the context may require, by such entity.Execution ServicesNeither the information nor any opinion contained on the Execution Services pages constitutes a solicitation or offer by Merrill Lynch to buy or sell any security, futures contract, options contract, financial instrument or service. Certain products and services may not be available to you. The information on this page is not intended for distribution to or use by any person or entity in any jurisdiction where (a) distribution or use of such information would be contrary to law or regulations, or (b) Merrill Lynch would become subject to new or additional legal or regulatory requirements. If you have a contractual relationship with a Merrill Lynch entity that extends to products and services referenced on the Execution Services pages, the communications made hereby are and shall be deemed made, as the context may require, by such entity. For further details, please click "Privacy Statement" and "Legal Information" below.Global Commission ManagementNeither the information nor any opinion contained on the Global Commission Managementpages constitute a solicitation or offer by Merrill Lynch to buy or sell any security, futures contract, options contract, financial instrument or service. Certain products and services may not be available to you. The information on this page is not intended for distribution to or use by any person or entity in any jurisdiction where (a) distribution or use of such information would be contrary to law or regulations, or (b) Merrill Lynch would become subject to new or additional legal or regulatory requirements. If you have a contractual relationship with a Merrill Lynch entity that extends to products and services referenced on the Global Commission Managementpages, the communications made hereby are and shall be deemed made, as the context may require, by such entity.The Professional Traders Services Group (PTSG)Merrill Lynch International offers clients a single point multi-asset class global prime brokerage and clearing platform. We support clients that become on-exchange members of the MTFs or incumbent exchanges globally, with MLI acting as general clearing member, or via a global clearing and DMA solution. We understand and support the unique needs of proprietary trading, high frequency, Arbitrage, Market Making and Clearing only clients via excellent STP technology, dedicated client service, operational & business support.
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