Terms and Conditions

The following Terms and Conditions of Use apply to use of the "Deutsche Bank AG CEDEAR/CEVA Website" (the "Website"). By gaining access to the Website you agree to comply with and be bound by them.

Registration and Access

Access to the Website is password protected. Each user's User Name and Password should be kept strictly confidential.

Accordingly, none of the following is permitted:

  • any disclosure to or use by any third party of any user's User Name or Password
  • any communication to any other fellow employees of a user of his/her User Name
  • any part of the Website being accessed by persons who have not been registered with us as users of the Website
  • access being made available to third parties or multiple users through any user's User Name or Password on a network or through any other means
  • use of any user's User Name or Password in, or access to the Website being gained from, any location or jurisdiction other than the location and jurisdiction designated at the time of assignment of his/her User Name and Password
  • any reproduction, distribution, publication, transmission by any means to any third party or use of any of the information contained in the Website by any user through the use of User Names or Passwords in any manner or form other than as described above, without our express permission.
On leaving the employment or service of any company in whose employment or service a user's User Name and Password has been assigned such user should cease immediately to use that User Name and Password to access the Website. If we believe that any User Name or Password is being used in any of these ways or there is any other breach of these Terms and Conditions of Use, we reserve the right to cancel access rights immediately without notice and to block access to the Website.


Deutsche Bank AG has authorised this Web Site On each occasion you access this Web Site, you acknowledge and agree to be bound by the following conditions.

Accuracy and Reliability of information

The information in this Web Site has been derived from sources believed to be accurate and reliable. Other than for information on the Deutsche Bank Group, neither Deutsche Bank AG nor any other member of the Deutsche Bank Group has independently verified any information on this Web Site. Accordingly, neither Deutsche Bank AG nor any other member of the Deutsche Bank Group gives any representation or warranty of reliability, completeness or accuracy of such information.

Any views expressed reflect the current views of Deutsche Bank AG and do not necessarily represent the view of any of its affiliates. The views expressed may change without notice.

No Securities Recommendation

This Web Site provides general information only. It may not be complete and up to date for your purposes. It is not intended as financial advice or as an offer or recommendation of securities or other financial products. You should obtain independent financial advice that addresses your particular investment objectives, financial situation and needs before making investment decisions.

Local Restrictions

There are legal requirements in various countries which may restrict the information which we can lawfully provide to you. Accordingly, the information contained in some sections of this Web Site may be provided for residents of certain countries only. Persons into whose possession the information in this Web Site comes should inform themselves about and observe any restrictions imposed in the jurisdiction in which the Web Site is accessed. You may require a password to access such information.

Exclusion of Liability

Except to the extent that liability under any applicable law or regulation cannot be excluded, neither Deutsche Bank AG nor any other member of the Deutsche Bank Group is liable for loss or damage of any kind whatsoever arising as a result of any opinion or information expressly or implicitly published in this Web Site not with standing negligence, default or lack of care by it or that such loss or damage was foreseeable. Neither Deutsche Bank AG nor any other member of the Deutsche Bank Group accepts responsibility arising in any way (including by reason of negligence) for errors in, or omissions from, the information in this Web Site.

Disclosure of Interests

Deutsche Bank AG, its affiliates and their respective officers, directors and employees, including persons involved in the preparation of this Web Site, may from time to time deal in, hold or act as market-makers or act as advisors, brokers or commercial and/or investment bankers in relation to the securities, or derivatives thereof, of persons mentioned on this Web Site or be represented on the board of such persons.

Deutsche Bank AG and its affiliates are under no obligation to disclose or take account of the information on this Web Site when advising or dealing with or for their clients and may have acted upon or made use of the information on this Web Site prior to its publication.


If you have been granted a password to access restricted sections of this Web Site, you are responsible for protecting the confidentiality of your password, including preventing unauthorised use.


Copyright in this Web Site is owned by Deutsche Bank AG. Important information on the legal and regulatory position when using the Website is contained on the Website page following these Terms and Conditions of Use. It is each user's responsibility to be familiar with it when using the Website. When a user accesses certain links on the Website he/she may leave the Website. Neither we nor Deutsche Bank A.G. nor any subsidiary or affiliate of Deutsche Bank A.G. accepts any responsibility for information provided on any other website accessed through these links.


We reserve the right to vary or amend these Terms and Conditions of Use in any way. Any amendments to these Terms and Conditions of Use will be made available at the Website and will be effective at the time of posting irrespective of when or whether they are seen by a user. Users will be deemed to have accepted any change if they continue to access the Website after that time. Users will not challenge the admissibility of any of our logs or records of information placed on the Website and our record of the Website is conclusive evidence of its contents. It is the responsibility of any user to familiarise himself/herself with these Terms and Conditions of Use on accessing the Website.


These Terms and Conditions of Use will apply to any access by users to the Website and to use of User Names and Passwords. On termination any relevant assigned User Name and Password will no longer provide access to the Website. Termination of any agreement regarding access to the Website can be made for any reason at any time.

Governing Law and Jurisdiction

These Terms and Conditions of Use will be governed by New York law. The New York courts will have exclusive jurisdiction over any disputes arising under them.

Deutsche Bank AG 31 West 52nd Street, New York, NY 10019 [Version December 1998]

Terms and Conditions

The following Terms and Conditions of Use apply to use of the "Deutsche Bank AG CEDEAR Website" (the "Website"). more

The following questions and answers were developed based on the most common inquiries received at Deutsche Bank as CEDEAR Issuer and Custodian. The answers should increase the understanding of the CEDEAR as a new Argentine security. more


This glossary of terms is provided as an attachment for additional assistance in understanding the CEDEAR structure and dynamics. more


Deutsche Bank CEDEAR/CEVA professionals will be pleased to discuss with investors and their brokers the material contained herein and to answer any questions that may arise related to CEDEARs/CEVAs, their features, uses and requirements. more

Agente de Liquidación y Compensación Integral y Agente de Negociación – Integral registrado bajo el N° 38 de la Comisión Nacional de Valores
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Last Update: July 14, 2010
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