No representation is made as to the reasonableness of the assumptions or the accuracy or completeness of the models or information used. No representation is made that such values could actually be achieved upon disposal of the relevant securities or derivatives by you or that such values are in any way indicative of future performance. The values do not include adjustments for transaction and hedging costs, accounting offsets and provisions, liquidity or credit considerations, counterparty credit risk, Nomura's own credit risk, cost of funding in excess of Libor, or other significant factors external to the Nomura Group’s valuation models and/or prices, which may change the actual values materially.
These valuations are indicative (i.e., not actionable) and are not an offer to purchase or sell any instrument or enter into, transfer or assign, or terminate any transaction. These valuations may differ substantially from an actionable value, particularly in volatile market conditions. The Nomura Group does not represent that any transaction can or could have been effected at such valuations.
The Nomura Group and its affiliates do not provide accounting, tax or legal advice; such matters shall be discussed with your advisors and/or counsel. The Nomura Group is acting in the capacity of an arm’s-length contractual counterparty to you in connection with any transaction the Nomura Group may enter into with you, and not as a financial advisor or fiduciary. You should make your own determination regarding how such products should be valued and/or reflected on your books and records, or for any other purpose. These valuations should not be considered investment advice or any form of recommendation to buy, sell or subscribe for any instruments discussed herein.
The Nomura Group and its affiliates shall not be liable for any losses, costs, expenses or damages (incidental, special, consequential, compensatory or punitive) arising directly or indirectly out of the use of or reliance on the information set out herein. The Nomura Group makes no warranty, express or implied, regarding these valuations including, but not limited to, warranties as to correctness, quality or accuracy of the valuations.
The valuations are provided as a courtesy and without compensation, and are intended solely for your private use only. They may not be reproduced, distributed to any third party or otherwise published (in the case of the information contained herein, insofar as reference is made to the fact that the Nomura Group has provided the information) without the prior written consent of the Nomura Group. The information is intended for the recipient’s internal use only. If you are not the intended recipient, you must not copy distribute or take any action in reliance upon this valuation. If you have received this in error, please notify the Nomura Group.
Please advise our Valuations Department on the email address ClientValuations@uk.nomura.com, clientvalutions1@us.nomura.com or clientvaluationsasia-ap@nomura.com if you no longer require valuations on any of these securities or derivatives, or wish to amend your contact details or requirements on securities or derivatives to be reported.