X-markets Home

Welcome to the X-markets website. It provides information (including technical specifications) about warrants, WAVEs, Certificates and Notes and fund products and allows the user to order information material and identify investment opportunities. Through its different product lines, X-markets gives you access to global financial markets.

Acceptance of General Terms & Conditions
Copyright © 2008 Deutsche Bank AG

  1. No offer
    The information contained on the X-markets Website does not constitute or form part of any offer, or invitation, to buy or to sell, or solicitation of any offer to subscribe for or to buy or to sell, the Warrants or other securities of the Issuer (together referred to as “the securities”). Pricing levels and valuations published on the X-markets Website are indicative and they and other information displayed thereon are for information purposes only.

  2. Programme Memorandum and Supplemental Listing Document
    In respect of each issue of the securities, the terms and conditions of the securities, together with financial and other information on the Issuer, are set out in the Programme Memorandum dated 14 December 2001, as amended (“the Programme Memorandum”)and the relevant Supplemental Listing Document. These documents may be obtained from the offices of the Sponsor, Deutsche Securities (Proprietary) Limited, at 3 Exchange Square, 87 Maude Street, Sandton (telephone +27 11 775 7282 or e-mail x-markets@db.co.za. Users should carefully read the information contained therein before making any investment decision. Your attention is drawn to the sections headed "Risk Factors" and "Taxation" in the Programme Memorandum. The investment value of certain securities is not guaranteed and potential investors should carefully read the product conditions in the Programme Memorandum.

  3. No investment advice
    Information made available on the X-markets Website should not be considered as investment advice or any form of recommendation to purchase or sell products described thereon.

  4. Historical performance
    Past performance information contained on the X-markets Website is not indicative of future results. The price of the securities may fall in value as rapidly as it may rise and you may sustain a total loss of your investment. You should therefore ensure that you understand the nature of the securities and carefully study the risk factors set out in the Programme Memorandum and the relevant Supplemental Listing Document and, where necessary, seek professional advice before you invest in the securities. Information contained on the X-markets Webiste is provided for illustrative purposes only and any illustration, forecast or hypothetical data is not guaranteed.

  5. Liquidity
    You should note that the Issuer acting through its appointed liquidity provider may be the only market participant in respect of the securities and the secondary market for the securities may be limited.

  6. No warranties for contents
    Although best efforts have been used to ensure that the information set out on the X-markets Website is reliable or reproduced from sources which we believe to be reliable as at the date of publication, no warranty is made as to its accuracy, completeness and adequacy. Any opinions expressly stated to be from Deutsche Bank AG or its affiliates may change without notice. Deutsche Bank has no obligation to update, modify or amend any information on the X-markets Website or correct any inaccuracy which subsequently becomes apparent.

  7. Use of the X-markets Website
    1. Changes of the X-markets Website
      1. Deutsche Bank AG reserves the right to partly or completely change the X-markets Website at any time and to restrict, interrupt or terminate its service.
    2. Changes of General Terms and Conditions of Use
      Deutsche Bank AG reserves the right to modify or amend these terms and conditions at any time.


  8. Copyright
    Content and design of the X-markets Website are protected by copyright. Any copying of the X-markets Website or of its content requires the prior written consent of Deutsche Bank AG.

  9. Privacy Policy
    Deutsche Bank AG respects your privacy. Any personal information supplied by you through the X-markets Website will be kept strictly confidential and will be used to provide you with the service you applied for and not used in ways that you have not consented to. The personal information collected from you will be used for the purposes of (i) processing your request for brochures or other information and (ii)compiling aggregate statistics about individuals visiting the X-markets Website. We will not disclose this information to any third party unless disclosure is required or authorised by law.

  10. Safety of Communication
    Communications over the Internet and by e-mail cannot be guaranteed to be secure. There is a risk that information contained within an e-mail communication and any attachment thereto, including potentially confidential information, may be intercepted, lost, destroyed or delayed in transmission. Although Deutsche Bank AG will use reasonable efforts to minimise such risk, it does not warrant that any communication or e-mail or any attachments thereto, that is sent out, will be free from viruses, worms or other harmful components.

  11. Hyperlinks
    Certain hypertext links on the X-markets Website may lead the user to websites that are not under the control or charge of Deutsche Bank AG. When the user clicks on such a link, he leaves the X-markets Website. Deutsche Bank AG is not responsible with respect to any material contained on any other website.

  12. Governing Law; Jurisdiction
    1. Governing Law
      These terms and conditions are exclusively governed by and shall be construed in accordance with South African law.
    2. Jurisdiction
      Each user is subject to the exclusive jurisdiction of the courts of South Africa in respect of any disputes arising under these terms and conditions.


  13. Other agreements
    If at any time any provision (or part of any provision) of these terms and conditions is, or becomes, illegal, invalid or unenforceable in any respect under the law of any jurisdiction, that shall not affect the legality, validity or enforceability in that or any other jurisdiction of any other provision (or any other part of this provision) of these terms and conditions.

  14. Selling restrictions
    The products described on the X-markets Website are not eligible for sale in all countries and in any event may only be sold to qualified investors. The Programme Memorandum contains information as to the selling restrictions applicable to any particular product and the user should read them carefully

    In particular, the following restrictions apply:

    Residents of the United States of America:
    The information set out in the X-markets Website is not directed to the United States. US citizens (as defined in Regulation S under the US Securities Act 1933) and persons resident in the US may not enter the X-markets Website. Information from the X-markets Website may not be distributed or redistributed into the United States or into any jurisdiction where it is not permitted. The securities have not been and will not be registered under the US Securities Act of 1933 and trading in the securities has not been approved for purposes of the US Commodities Exchange Act of 1936. The securities may not be offered or sold in the United States, to US citizens or US residents.

    The products described on the X-markets Website are only offered or sold to persons in any other jurisdiction, if applicable law permits this.

  15. Publication
    The information in the X-markets Website is deemed to be published by Deutsche Bank AG Group for distribution to the residents of South Africa only.
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