Disclaimer

Persons seeking information published on the Hinduja Bank (Switzerland) Ltd website of the World Wide Web (hereafter the Hinduja Bank website) hereby agree to the following conditions:The Hinduja Bank website is not intended for persons who are subject to a jurisdiction that forbids the publication of, or access to the Hinduja Bank website (on the basis of the nationality of the person concerned, place of residence or for other reasons). Persons to whom such restrictions apply are not permitted access to the Hinduja Bank website.The Hinduja Bank website must not be accessed by persons who (in particular on the basis of their nationality and/or residence) are subject to any jurisdiction prohibiting publication of the contents of the Hinduja Bank website or access to the Hinduja Bank website (for whatever reasons). Persons to whom these restrictions apply are not allowed access to the Hinduja Bank website. Restrictions apply in particular but not exclusively to citizens and/or residents of the United States of America (USA), Canada and Great Britain (GB).The information published on the Hinduja Bank website does not represent an invitation, offer or recommendation to acquire or sell investment instruments or to effect other transactions. The details on the Hinduja Bank website neither represent decision-making aids for legal, fiscal or other consulting questions, nor should investments or other decisions be made on the basis of these details. You should obtain advice from a qualified expert when making investment decisions. The Bank regularly updates the annual report and the capital adequacy disclosure on its website. These are official documents duly approved by the Board of Directors and the Audit Firm of the Bank.Hinduja Bank takes all reasonable measures in order to ensure the reliability of the information presented; however, it makes no promises whatsoever concerning the correctness, reliability or completeness of the information and opinions contained on the Hinduja Bank website. No warranty is assumed for the accuracy of the information and opinions disseminated via the Hinduja Bank website. The information and opinions disseminated on the Hinduja Bank website are provided by Hinduja Bank exclusively for private use and for information purposes; they can be changed at any time and without prior notice. The future performance of the investment asset cannot be predicted on the basis of the previous price changes, i.e. the value of the asset can increase or decrease. The maintenance of invested capital cannot be guaranteed; exchange rate fluctuations for example can result in a reduction of asset value.Under no circumstances, including negligence without restriction, shall Hinduja Bank be liable for losses or damage of whatever kind. This includes direct, specific, indirect and consequential losses resulting from or in connection with access to the use, services or queries sought on the Hinduja Bank website or any link to other websites, even if Hinduja Bank has been informed of the possibility of such losses. Activating certain links on the Hinduja Bank website may cause you to leave the Hinduja Bank website. Hinduja Bank has not checked the other sites linked with the Hinduja Bank website and assumes no responsibility for the contents, products, services or other matters offered thereon.

COMPLIANCE

WOLFSBERG AML PRINCIPLES

Money laundering is the process by which illegally obtained money (from drug trafficking, terrorist activity or other serious crimes) is given the appearance of having originated from a legitimate source. Financial institutions such as Hinduja Bank (Switzerland) Ltd are at the forefront of the battle against this criminal activity, which uses the international financial system to move money around and disguise its true origin. The Swiss Government, alongside many other countries, has passed legislation designed to prevent money laundering and to combat terrorism. This legislation forms the cornerstone of Hinduja Bank's anti-money laundering (AML) obligations, policies and procedures, which apply across our organisation.

For further details, please see the Wolfsberg Group Anti-Money Laundering Questionnaire of Hinduja Bank (Switzerland) Ltd.

US PATRIOT ACT CERTIFICATION

Under the US Patriot Act and the final rules issued by the U.S. Department of the Treasury, a U.S. bank or a U.S. broker-dealer in securities is required to obtain certain information from any non US-Bank to maintain a correspondent account with it. As defined by the final rules, any financial institution can publish a Global Certification on their website. All institutions requiring the US Patriot Act Certification from Hinduja Bank (Switzerland) Ltd can download it on the corresponding website. Consequently, we would appreciate the utilisation of the certification on our website rather than requests directed to our institution.

AUTOMATED EXCHANGE OF INFORMATION

AEOI requires Swiss financial institutions to identify reportable accounts and report them on an annual basis to the Federal Tax Administration (FTA). These common rules are drawn for reporting client's income and assets to their local authorities and to prevent tax evasion. FTA will exchange the information with the reportable person's country of residence solely with partners jurisdictions (please click here for the list of countries).

ESISUISSE

Are my deposits protected under the deposit insurance esisuisse?

Yes, like any bank and any securities firm in Switzerland, Hinduja Bank is required to sign the Self-regulation “Agreement between esisuisse and its members”. This means clients’ deposits are protected up to a maximum of CHF 100,000 per client. Medium-term notes held in the name of the bearer at the issuing bank are also considered deposits. Depositor protection in Switzerland is provided by esisuisse, and the depositor protection system is explained in detail at www.esisuisse.ch

How does deposit insurance work?

When FINMA initiates liquidation proceedings against a bank or securities firm in the event of its insolvency, the available liquid assets of the institution are used for the immediate payment of preferential deposits (immediate payment). The deposit insurance (esisuisse) is set in motion if the available liquid assets are not sufficient to immediately repay the protected client deposits. esisuisse will make the funds available to ensure that the assets that are protected in the event of insolvency can be paid out by the statutory deadline, irrespective of the state of the institution’s assets. esisuisse requests the required funds from its members and forwards these to FINMA or the liquidator appointed by FINMA within 20 working days. The funds are then transferred according to your instructions.

esisuisse Members

All banks and securities firms with branches in Switzerland must be members of esisuisse. The deposit insurance scheme ensures that the clients of an insolvent institution receive prompt payment of their protected deposits.

Which deposits are paid out in the event of insolvency?

PREFERENTIAL DEPOSITS

In the event of insolvency, deposits of up to CHF 100,000 per depositor and institution are given preferential treatment. Preferential treatment means that these deposits are assigned to the second creditor class. This is an important advantage when it comes to distributing the institution’s liquidity, as first and second-class creditor claims are paid out before third-class claims.

PROTECTED DEPOSITS

esisuisse protects preferential deposits held with a Swiss branch of up to CHF 100,000 per client, per institution in the event of insolvency and if the institution would be unable to repay the client deposits. As such, these deposits enjoy the advantage of preferential repayment as well as protection by esisuisse.

PENSION AND VESTED BENEFITS ASSETS

Pension deposits (Pillar 3a) and deposits in vested benefits foundations held with institutions are preferential but not covered by the deposit insurance. However, regardless of other assets of the same client, they are given preferential treatment up to the amount of CHF 100,000 per client and assigned to the second creditor class.‍

SECURITIES

Securities deposited with a institution do not fall under the deposit insurance, as they are merely held in custody by the institution. In the event of an insolvency, they are separated out and placed directly at the disposal of the client.

AMOUNT PROTECTED

If in the event of insolvency an institution has sufficient available liquid assets, these are repaid to clients accordingly (immediate payment). The maximum amount of this immediate payment is CHF 100,000.

If, however, the available liquid assets are insufficient, esisuisse steps in and pays the difference. Once again, the maximum payment per client, per institution is CHF 100,000. If you have multiple deposits with the same institution (or with multiple subsidiaries of the institution), these will be added together. esisuisse has a maximum of CHF 6 billion available.

WHICH ACCOUNTS ARE PROTECTED?

Protected deposits are balances held in private, savings, investment, salary, numbered, deposit, joint, current,association or rental deposit accounts. Medium-term notes held in the name of the bearer at the issuing institution are also classed as protected deposits. Only deposits held with Swiss branches are protected, i.e. deposits with subsidiaries of Swiss institutions in other countries are treated as preferential, but are not covered by esisuisse.

HOW WILL I GET MY MONEY?

All accounts registered at the institution are automatically considered to be reported claims. In the event of insolvency, you will be contacted by your institution and your assets will be transferred as part of the liquidation process as soon as you provide details of an account with another institution.

CURRENCY

The protection applies irrespective of the currency in which the deposit is held. Your payment will be made in Swiss francs (CHF). Amounts will be converted at the rate prevailing on the day that insolvency proceedings are initiated.

FURTHER INFORMATION

You can find further information on deposit insurance at www.esisuisse.ch or from your bank or securities firm.

DISCLOSURES

Disclosures Basel III Pillar 3 Circ 2016-1