About VTB Capital

VTB Capital Inc. Information disclosure

Please read these terms and conditions carefully. By accessing this Web site, you agree to be bound by the terms and conditions below. These terms and conditions are subject to change. We will notify you of amendments to these terms and conditions by posting them to this web page. If you do not agree with these terms and conditions, please do not access this website.

Unauthorized use of the VTB Capital’s websites and systems, including but not limited to unauthorized entry into VTB Capital’s systems, misuse of any passwords, or misuse of any information posted to a site, is strictly prohibited.

You acknowledge that VTB Capital may disclose and transfer any information that you provide through this website: (i) in order to provide a service or complete a transaction that you request or authorize, (ii) as otherwise required or permitted by the laws and industry standards that apply to VTB Capital, or (iii) to any company within the VTB Capital’s family of affiliated companies. You consent to the transmission, transfer, or processing of such information as we deem necessary or appropriate and, by using and providing information through this website, you agree to such transfers.

Use of this website may be monitored, tracked, and recorded. Anyone using this website expressly consents to such monitoring, tracking, and recording. 

Web Content and Materials 
The information on this website is for information purposes only. It is believed to be reliable, but VTB Capital does not warrant its completeness, timeliness, or accuracy, nor in providing it does VTB Capital assume any liability. Nothing on this website should be construed as a solicitation or offer or recommendation to acquire or dispose of any security or financial instrument or to engage in any other transaction.

The information and materials contained in this website, and the terms and conditions of the access to and use of such information and materials, are subject to change at any time without notice. Any products and services may differ among geographic locations.

You agree that: (i) you will not engage in any activities related to this website that are contrary to applicable law, regulation or the terms of any agreements you have with VTB Capital, and (ii) in circumstances where locations of this website require identification for access, you will establish commercially reasonable security procedures and controls to limit access to your password or other identifying information to authorized individuals.

VTB Capital or its suppliers may discontinue or make changes in the information, products, or services described herein at any time without prior notice to you and without any liability to you. Any dated information is published as of its date only, and VTB Capital does not undertake any obligation or responsibility to update or amend any such information. VTB Capital reserves the right to terminate any or all website information, offerings, or transmissions without prior notice to the user. Furthermore, by offering this website and information, products, or services via this website, no distribution or solicitation is made by VTB Capital to any person to use this website or such information, products, or services in jurisdictions where the provision of this and such information, products, or services is prohibited by law.

Limitation of Liability 
VTB Capital makes no warranty, express or implied, concerning this service. The services provided by VTB Capital and its third-party providers are on an "AS IS" basis at your sole risk. VTB Capital expressly disclaims any implied warranty of merchantability or fitness for a particular purpose, including without limitation any warranty for the use or the results of the use of the services with respect to their correctness, quality, accuracy, completeness, reliability, performance, timeliness, or continued availability.

Potential Disruption of Service 
As a result of high Internet traffic, transmission problems, systems capacity limitations, and other problems, you may, at times, experience difficulty accessing this website or communicating with VTB Capital through the Internet or other electronic and wireless services. Any computer system or other electronic device, whether it is yours, an Internet service providers, or VTB Capital’s, can experience unanticipated outages or slowdowns, or have capacity limitations.

Copyright Notices 
The works of authorship contained in this website, including but not limited to all design, text, sound recordings, and images, are owned, except as otherwise expressly stated, by VTB Capital or its affiliated companies. Except as otherwise expressly stated herein, they may not be copied, transmitted, displayed, performed, distributed (for compensation or otherwise), licensed, altered, framed, stored for subsequent use, or otherwise used in whole or in part in any manner without VTB Capital’s prior written consent, except to the extent permitted by the Copyright Act of 1976 (17 U.S.C. §107), as amended, and then only with notices of VTB Capital’s proprietary rights, provided that you may download information and print out hard copy for your personal use, so long as you do not remove any copyright or other notice as may be contained in information as downloaded.

Trademark Notices 
"VTB Capital," "CJSC VTB Capital", "VTB Capital Inc", "VTBC", "VTB Capital plc" and the VTB Capital logo are trademarks of VTB Capital. Other featured words or symbols used to identify the source of goods and services may be the trademarks of their respective owners.

Links to Other Sites 
Links to non- VTB Capital websites are provided solely as pointers to information on topics that may be useful to users of the VTB Capital websites, and VTB Capital has no control over the content on such non-VTB Capital websites. If you choose to link to a website that is not controlled by VTB Capital, VTB Capital makes no warranties, either express or implied, concerning the content of such site, including the accuracy, completeness, reliability, or suitability thereof for any particular purpose, nor does VTB Capital warrant that such site or content is free from any claims of copyright, trademark, or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination. VTB Capital does not guarantee the authenticity of documents on the Internet. Links to non-VTB Capital sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information, or services offered at such sites, or any representation regarding the content at such sites.

Investment-related Issues 
The VTB Capital website provides examples of information and services we provide to our customers. Information contained in the website is based on sources we believe to be reliable but it is neither all-inclusive nor guaranteed to be accurate. VTB Capital has not independently verified the facts, assumptions, and estimates contained herein and, accordingly, makes no representation or warranty, express or implied, concerning the fairness, quality, accuracy, completeness, performance, timeliness, or continued availability of the information and opinions contained herein. Opinions reflect our judgment at a particular time and are subject to change due to economic, industry, and firm-specific factors. We do not undertake to any obligation or responsibility to update such opinions. The material provided in our website is for informational purposes only, and should not be construed as an offer or solicitation to buy or sell securities. Investors should obtain individual financial advice based on their own circumstances before making an investment decision. The securities mentioned in this website may not be eligible for sales in some states or countries, nor suitable for all types of investors; their value and the income they produce may fluctuate and/or be adversely affected by exchange rates. Past performance is not a guarantee of future performance of an investment. The value of investments may fall as well as rise, and investors may not get back the amount invested. 
In addition to the relationships disclosed concerning the subject company(ies), VTB Capital may make a market, deal as principal, have managed or co-managed a public offering, acted as initial purchaser or placement agent for a private placement, performed other investment-banking services, or have a principal or employee acting as a director for any company mentioned in this website. For securities discussed in our research reports, VTB Capital and its affiliates, principals or employees, other than the research analyst covering the particular securities, may have a position in such securities or own options, rights, or warrants to purchase such securities.

Additional information is available upon request.


Fair Dissemination of Investment Research Reports 
To the extent reasonably practicable, Investment Research will be disseminated contemporaneously to all of the VTB Capital customers who are entitled to receive the firm's Investment Research. Until such time, Authoring Analysts will not discuss the contents of their Investment Research with Sales and Trading or Investment Banking employees. In addition, upon its dissemination, the most recent Investment Research for each Designated Issuer in the firm's research universe will be posted on the VTB Capital Research Portal and will be available simultaneously for access by all of the VTB Capital’s customers who are entitled to receive the firm's Investment Research.

Compendium Investment Research Disclosures 
To request specific disclosures pertaining to the subject companies of any Compendium Investment Research, please contact us at infony@vtbcapital.com or send a request to: 

VTB Capital Inc 
452 Fifth ave, 23RD Floor 
New York, NY, 10018 

VTB Capital

Federation Tower West, 12, Presnenskaya emb., Moscow, 123100