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US: General and product specific risk disclosures in over-the-counter derivative transactions may have been provided to you during the account opening process of becoming a customer of Commerzbank. Please review the ISDA General Disclosure Statement for Transactions for a description of generic risks as well as specific material risks, conflicts of interest and material incentives related to entering into a transaction. Product specific risk disclosures can be found in the ISDA disclosure annex materials. If you would like another copy of these disclosures, please request them from your Commerzbank contact. Banking services in the US will be provided by Commerzbank AG, New York Branch. Securities activities in the US are conducted through Commerz Markets LLC, a wholly owned broker-dealer of Commerzbank AG, and member of FINRA and SIPC, and swap transaction with Commerzbank AG. Commerzbank AG is not a member of SIPC and is a provisionally registered swap dealer with the CFTC. Any derivatives transaction with US persons must be effected in accordance with the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Some products or services may be unavailable in the United States. The US does not conduct business with special entities.
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Information about credit transfers
Payment data of cross border credit transfers and other urgent payments are transferred to the beneficiary’s bank via SWIFT (Society for Worldwide Interbank Financial Telecommunication), the only worldwide acting provider of financial messaging services and which is based in Belgium. For data security reasons, SWIFT stores the transaction data temporarily in their data processing centres in the Netherlands and in Switzerland.
The occasion of this information is the resolution of the EU-Council in November 2009 to grant US-authorities access to credit transfer data from February 1st, 2010 until October 31st, 2010 in the data processing centre in Switzerland in order to fight international terrorism.
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