This website is sponsored by Greenwich Capital Markets, Inc. ("RBS Greenwich Capital"), member FINRA (http://www.finra.org) and SIPC. RBS Greenwich Capital is the marketing name for the securities business of Greenwich Capital Markets, Inc.. Greenwich Capital Markets, Inc. is a subsidiary of The Royal Bank of Scotland plc.

The material on this website is informational only, and is not intended as an offer or a solicitation to buy or sell any securities. RBS Greenwich Capital is not utilizing this website to provide investment, legal, tax, financial, accounting or other advice to you or any other party. RBS Greenwich Capital is not acting as an advisor or fiduciary in any respect in connection with providing this information and no information or material on this website is to be relied upon for the purpose of making or communicating investment or other decisions nor construed as either projections or predictions. RBS Greenwich Capital transacts business with counterparties on an arm’s length basis and on the basis that each counterparty is sophisticated and capable of independently evaluating the merits and risks of each transaction and that counterparty is making an independent decision regarding any transaction. Investors must make their own independent decisions regarding any securities, financial instruments or strategies mentioned herein. The material on this website is intended for institutional investors only and should not be forwarded to third parties.

RBS Greenwich Capital, its affiliates, or any of their respective employees, clients and officers, including persons involved in the preparation or issuance of the information contained in the material on this website may act as a market-maker or deal as principal in any of the securities mentioned, and may have a long or short position in (including possibly a position that was accumulated on the basis of the material prior to it being disseminated and/or a position inconsistent with the information on this website), engaged in transactions in, or acted as manager or co-manager of a public offering of, any of the securities (or related securities) mentioned on this website, and may have, or be seeking to develop, an investment banking relationship with companies mentioned on this website. Accordingly, information included in or excluded from this website is not independent from the proprietary interests of RBS Greenwich Capital, which may conflict with your interests. Issuers mentioned in any material may be investment banking clients of RBS Greenwich Capital and RBS Greenwich Capital may have provided in the past, and may provide in the future, financing, advice, and securitization and underwriting services to these clients in connection with which it has received or will receive compensation.

Certain transactions, including those involving futures, options, derivatives and high yield securities, give rise to substantial risk and are not suitable for all investors. Foreign currency denominated securities are subject to fluctuations in exchange rates that could have an adverse effect on the value or price of or income derived from any investments discussed herein. Unless otherwise specifically stated, all statements on this website (including any views, opinions or forecasts) are solely those of the individual(s) making the statement, as of the date indicated only, and are subject to change without notice. Changes to assumptions made in the preparation of such materials may have a material impact on returns. RBS Greenwich Capital does not undertake a duty to update these materials or to notify you when or whether the analysis has changed. While the information contained on the website is believed to be reliable, no representation or warranty, whether express or implied, is made and no liability or responsibility is accepted by RBS Greenwich Capital or its affiliates as to the accuracy or completeness thereof.

RBS Greenwich Capital makes no representations that materials on this website are appropriate for use in all locations or that transactions, securities, products, instruments or services discussed on this website are available or appropriate for sale or use in all jurisdictions, or by all investors or counterparties. Users of this site may not necessarily be able to deal directly with RBS Greenwich Capital. Those who access this site do so on their own initiative and are responsible for compliance with applicable local laws or regulations.

The material on this website is made available in the European Economic Area ("EEA") by The Royal Bank of Scotland plc , which is authorized and regulated by the Financial Services Authority (FSA). With respect to the execution of interest rate derivatives, credit derivatives and foreign exchange transactions, RBS Greenwich Capital generally acts as agent for RBS which will be the principal in such transactions.

Exclusion of Liability: RBS Greenwich Capital accepts no liability in either law, equity, contract, tort, negligence, or otherwise arising out of or in connection with the use of or access to this website including, without limitation, any errors or omissions contained in this website or should the website be unavailable. We shall not be liable for any direct or indirect economic losses (including without limitation loss of revenues, data, profits, contracts, use, opportunity, business or anticipated savings); loss of goodwill or reputation; or special, incidental, consequential loss or damage, suffered or incurred arising out of or in connection with your use of this website and these terms and conditions.

Access to and use of this website is at the user's own risk and we do not warrant that the use of this website or any material downloaded from it will not cause damage to any property, or otherwise minimize or eliminate the inherent risks of the internet including but not limited to loss of data, computer virus infection, spyware, malicious software, trojans and worms. Also, we accept no liability in respect of losses or damages arising out of changes made to the content of this website by unauthorized third parties.

To provide increased value to users of this website, we may provide links to other websites or resources (that are not part of RBS Greenwich Capital) for you to access at your sole discretion. You acknowledge and agree that, as you have chosen to enter the linked website we are not responsible for the availability of such external sites or resources, and do not review or endorse and shall not be responsible or liable, directly or indirectly, for (i) the privacy practices of such websites, (ii) the content of such websites, including (without limitation) any advertising, content, products, goods or other materials or services on or available from such websites or resources or (iii) the use that others make of these websites or resources, nor for any damage, loss or offense caused or alleged to be caused by, or in connection with, the use of or reliance on any such advertising, content, products, goods or other materials or services available on such external websites or resources.