Danske Bank A/S (“DB” or “We”) is registered as a Swap Dealer with the Commodity Futures Trading Commission (“CFTC”). As a Swap Dealer, under the CFTC’s Business Conduct Standards for Swap Dealers and Major Swap Participants with Counterparties (77 Fed. Reg. 9734), DB has disclosure obligations to certain counterparties and prospective counterparties in connection with CFTC-regulated swaps (a ”Swaps”). These obligations apply only in those instances where DB is entering into a Swap with a U.S. person, as defined by the CFTC’s Final Interpretive Guidance and Policy Statement Regarding Compliance With Certain Swap Regulations (78 Fed. Reg. 45292), who is not a Swap Dealer, Major Swap Participant, Security Based Swap Dealer or Major Security Based Swap Participant (“You”).
This website is accessible to all clients and will be updated regularly with various risk, incentives, conflicts of interest, disclosures and static material economic terms with respect to Swaps offered by DB.
Disclosure Information for Swaps
DB is required to provide disclosure of certain material information prior to entering into a Swap with you, including information relating to:
- Material risks associated with the particular Swap;
- Material characteristics of the particular Swap, including the material economic terms of the Swap, the terms relating to the operation of the Swap and the rights and obligations of the parties during the term of the Swap;
- Material incentives and conflicts of interest in connection with the particular Swap.
- Methodologies and assumptions in connection with certain marks We provide to You.
Provided below are documents that describe certain material characteristics of Swaps that DB may enter into with You, including the material risk of such Swaps and the material incentives and conflicts of interest that We may have with respect to such Swaps. Also provided below are documents that contain certain material economic and operational terms and transactions details, including certain definitions, which We may reference in our description of the terms, rights and obligations in respect of Swaps that We may enter into with You. The documents below also address the methodologies and assumptions that We use to prepare certain marks We are required to provide to You. In order to access certain information, You will need a password that has previously been sent to You. In the event that You require or forgot the password, please contact Your DB representative.
Please note that in respect of each Swap transaction You enter into with DB and all interaction between You and DB in connection with a transaction or proposed transaction, DB is entering into each Swap transaction in its capacity as counterparty and is not undertaking to assess the suitability of any swap transaction or trading strategy involving a Swap for You. This website should not be construed as a recommendation or opinion with respect to any Swap or trading strategy involving a Swap. You will make Your own independent decision to enter into any Swap transaction with DB and as to whether it is appropriate or proper based on Your own judgment and upon advice from such advisers as You deem necessary.
In addition to the present information, You should read carefully any transaction-specific disclosures, material economic terms, and such other information contained in any documentation provided to You in the context of discussing, proposing or entering into a particular Swap or trading strategy with DB. Nothing provided on this website shall amend or supersede the terms of any written or binding oral agreement between the parties, any related documentation or terms of business provided or published by DB. Specifically, any confirmation or other documentation provided directly to You in respect of an actual or potential Swap will supersede the information on this website and, to the extent inconsistent, such confirmation or other documentation will control.