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    This website, its contents and any related communication is issued by Lloyds Bank. It is published exclusively for the consumption of Lloyds Bank's Professional or Eligible Contract Party trading counterparties. It is not for the consumption of Lloyds Bank's trading counterparties categorised by Lloyds Bank as Retail, or for entities who do not have a current relationship with Lloyds Bank. The contents of this website are not being distributed to, and must not be passed on to, any other entity or to the general public.

    The Investment Recommendations information for Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH can be found here.

    The European Market Abuse Regulation (MAR) applies from 3 July 2016 and principally aims to update and strengthen the existing legal framework set out in the Market Abuse Directive (Directive 2003/6/EC).

    The main aim of MAR is to ensure that regulation keeps pace with market developments. It strengthens the fight against market abuse across commodity and related derivative markets.

    MAR requires persons producing or disseminating investment recommendations to ensure information is objectively presented, and to disclose any conflicts of interest. MAR does not change significantly the approach set out in the current Market Abuse Directive (2003) on investment recommendations, establishing that persons who produce or disseminate investment recommendations or other information recommending or suggesting investment strategies should take reasonable care to ensure objective presentation and to disclose their interests or indicate conflicts of interest concerning the financial instruments to which that information relates.

    Any investment recommendation made by Lloyds Bank is only valid when read or received in conjunction with the disclosures found on the 'Disclosures tab'.

    You should not construe the content of any material or disclosures provided on this website as legal, financial, tax, accounting or other advice, and you should consider consulting your professional advisors for such advice. Nothing on this page shall constitute a bid or offer, or a solicitation of a bid or offer, to initiate or conclude any transaction.

    NOTHING IN ANY DISCLOSURE STATEMENT MADE ON THESE PAGES AMENDS OR SUPERSEDES THE EXPRESS TERMS OF ANY TRANSACTION TERMS BETWEEN YOU AND LLOYDS BANK OR ANY RELATED GOVERNING DOCUMENTATION

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc, Lloyds Bank Corporate Markets plc and Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH.

Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is a wholly-owned subsidiary of Lloyds Bank Corporate Markets plc. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH has its registered office at Thurn-und-Taxis Platz 6, 60313 Frankfurt, Germany. The company is registered with the Amtsgericht Frankfurt am Main, HRB 111650. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.