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LIBOR and other IBORs are coming to an end


Please note all of the contents contained in these publication, materials, documents and/or webpages (collectively the “Materials”) are provided for your general guidance purposes only. ADCB or any of its officers, employees or related parties (collectively the “ADCB Group”) do not make any representation or warranty of any kind, whether expressed or implied, as to the currency, availability, completeness and reliability of the information contained in the Materials. The information and all things provided herein may be inaccurate, incomplete or out of date by its time of publication or be corrupted, lost, destroyed, in part or in whole. Accordingly, we do not accept any responsibility arising in any way (including negligence) for any risks associated with use of anything provided in these Materials, in particular without limitation, the technical errors in the information contained in the Materials. The use of the Materials and any platform which publishes these Materials is at your sole risk. We are not be liable for any losses or damages or expenses (including legal costs) whatsoever arising out of or referable to the Materials or accessed through the platform containing the Materials. To the extent that it does not satisfy the laws of the country in which you reside or from which you are accessing the Materials, then the Materials are not directed to you. We do not represent or warrant that the Materials will be available and meet your requirements, that access will be uninterrupted, that there will be no delays, failures, errors or loss of transmitted information, and where delivered electronically that no viruses or other contaminating or destructive software properties that may be transmitted or that no damage will occur to your computer system. You have sole responsibility for adequate protection and back up of data and/or equipment and to undertake reasonable and appropriate precautions to scan for computer viruses or other destructive properties.

ADCB Group is not acting as a fiduciary or advisor to you on any matter related to benchmark rates such as IBORs, any discontinuation or replacement of any benchmark rate, the operation of any fallbacks to a benchmark rate or any change in methodology to the calculation of any benchmark rate. ADCB Group does not owe you any duties or have any liability to you in relation to its management of the transition from benchmark rates (including IBORs) to alternative rates.

ADCB Group does not accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to benchmark rates such as IBORs or any alternative rate including, without limitation, whether the composition or characteristics of any alternative rate will be similar to, or produce the same value or economic equivalence as, the original benchmark rates (including IBORs) or whether any alternative rate will have the same volume or liquidity as the original benchmark rate prior to its discontinuance or unavailability.