Please read the following disclaimer carefully.
You are connected to www.hsbcprivatebankfrance.com, the website managed by:
HSBC Private Bank,
HSBC France, a limited company with an authorized capital of 337.189.135 euros
SIREN 775 670 284 RCS Paris
Bank and insurance brokerage company registered with the Insurance Intermediary Registry Organism under number 07 005 894 (www.ORIAS.fr)
Intracommunity VAT : FR 707 756 702 84.
APE Code / 6419 Z
 
HSBC France is approved as a credit institution and investment service provider by the French Prudential Control Authority (61, rue Taitbout, 75 436 Paris Cedex 09).

Functions
Publishing Manager: M. Antoine Cahuzac.
Editorial Manager: M. Thierry Luyer.

HSBC Private Bank,
HSBC France, bank and insurance brokerage company registered with the Insurance Intermediary Registry Organism under number 07 005 894 (www.ORIAS.fr).

Applicable law
Use of this site is subject to current French regulations and to these terms and conditions of use. Since these are regularly updated, please check this page every time you connect to the site. Everyone who uses this site is responsible for verifying that he/she is entitled, under the terms of local legislations, to access this site and/or to use it. HSBC France cannot be held responsible under any circumstances in the event of any local regulations being broken.
 
Intellectual property
The whole of this site, including the images, texts, logos, tables, iconographic and photographic representations and documents downloadable from the site, are subject to French and international law on copyright and intellectual property.
The reproduction or representation of any or all of this site, on any medium whatsoever, are therefore strictly forbidden unless otherwise approved in writing by the publishing manager
(contact.hsbcprivatebankfrance@hsbc.fr).
 
Nature of the information appearing on the site
The information that appears on this site is of an indicative nature. Therefore, HSBC France does not give any explicit or implicit guarantees regarding the reliability of the information provided and declines all responsibility for any decisions that may be taken on the basis of this information.
This information is provided exclusively for personal use and may be amended without notice.
 
Topic files
Documents distributed electronically on this site may be updated between the time you download them and the time you actually read them.
You should therefore verify their validity.
 
Browsing the Internet site
Use of the website is subject to the regulations in force and the terms of the following disclaimer. This disclaimer is updated regularly, so please consult this page every time you access the site.

Your login and password are confidential. You are responsible for keeping them safe and you should not divulge them to third parties.

HSBC France cannot be held responsible in the event a third party uses your login details or for information that may be accessed using them.

The opinions and items published on this site in no way constitute a contractual undertaking either by HSBC France or by its information providers. In no way can the contents of this site be construed as a recommendation or solicitation to buy or sell.

The information contained in these pages has not been reviewed in light of your personal circumstances. If you have concerns about any investment or are uncertain about the suitability of an investment decision, please contact your Relationship Manager or, seek advice from your financial, legal or professional tax consultants. These pages should not be regarded as an offer or solicitation to sell investments or make deposits in any jurisdiction to any person to whom it is unlawful to make such invitation or solicitation in such jurisdictions.

This document from HSBC France is based on information obtained from sources it believes to be reliable but which has not been independently verified. Although this information has been prepared in good faith, no representation or warranty, express or implied, has been or shall be made by, and no responsibility or liability has been or shall be accepted by HSBC France or the HSBC Group or by any of their respective officers, employees or agents concerning the accuracy or completeness of the information contained in these pages. The information given, the opinions expressed and the valuations provided represent the information known at the time of publication and are subject to change without prior notice.
 
HSBC Private Bank is the principal private banking division of the HSBC Group in France. Private banking may be carried out internationally by different HSBC legal entities according to local regulatory requirements. The products and services described in these pages may be provided by different HSBC Private Bank companies or by other members of the HSBC Group. Some services are not available from certain locations. Some HSBC offices may act only as representatives of HSBC Private Bank, and therefore are not permitted to sell products and services or to offer advice to clients. These serve as points of contact only. Further details are available on request.
 
A complete list of private banking entities is available on our website, www.hsbcprivatebank.com.
 
You must not consult or use any information published on this site where this would infringe the laws and regulations in force in your country of residence. The site is not intended for use by nationals of countries in which access to certain financial products is prohibited by law or governed by specific regulations.

Information regarding “cookies”
We would like to install a cookie on your computer. A cookie does not allow us to identify you, but it does record information about how your computer browses our site (the pages you have viewed, the date and time at which you viewed them, etc.), which we will be able to read when you visit the site again.
 
We would like to inform you that you can object to cookies being installed by configuring your browser as follows:

For Mozilla Firefox :

 
For Microsoft Internet Explorer 6.0 :

 
For Microsoft Internet Explorer 5 :

For Netscape 6.X and 7. X :

For Opéra 6.0 and above :

Limitation of liability
HSBC France, its subsidiaries, information providers and suppliers accept no responsibility whatsoever, be it express or tacit, concerning the accuracy or exhaustive and current nature of information contained in or published on HSBC France's website. HSBC France, its subsidiaries, information providers and suppliers shall not be held liable in the event of any direct or indirect loss or damage, such as financial losses, viruses and document destruction, arising from the connection to or use of its website or information and data contained therein or in linked sites or services.

Moreover, HSBC France, its subsidiaries, information providers and suppliers shall not be held liable for the release of false information when this is due to reasons beyond their control.
 
Miscellaneous
The content and functionalities of HSBC France's internet service may be partially or completely modified or upgraded at any time and without prior notice. In this respect, some services, in particular information services, may be partially or totally suspended on a temporary or permanent basis.

Users must acquire the technical facilities required to access HSBC France's website (hardware, software, internet access, etc.), at their own expense, and keep abreast of means of upgrading these facilities.

HSBC France draws your attention to the limits of the internet and, in particular, to the fact that:

Hypertext links and viruses
It is expressly stated that HSBC France has no control over, or responsibility for, links to external sites. Users must take the necessary precautions to ensure that any sites accessed via links are not contaminated by a virus or any other destructive component. HSBC France can in no way be held liable for direct or indirect damage caused by the use of this website.
 
Information divulged by users
Confidentiality 
The confidentiality of information sent via the internet cannot be guaranteed. We draw your attention to the following:

Data protection
Information gathered during your connection to the site shall only be used for statistical purposes and shall not be published externally, except to fulfil legal or regulatory obligations.
Where applicable, under the French data protection act (law no. 78-17 dated January 6th 1978), you can exercise your right to access, amend, delete or rectify personal data held in our files by contacting the Senior Editor.
 
In consulting this site, users acknowledge that they have read the disclaimer and agreed to its terms.

No part of these pages may be reproduced, stored in a retrieval system, or transmitted, for any purpose or by any means whatsoever (electronic, mechanical, photocopy, recording or other) without the prior written permission of HSBC France.
 
In France, HSBC France is regulated to conduct investment business by the AMF (Autorité des Marchés Financiers / French Financial Markets Authority).