Disclaimer VP Bank e-banking —

Terms of use and legal notices

Detailed information about the risks involved in securities trading can be found in the Liechtenstein Bankers’ Association brochure (2008 edition).

Stock exchange trades in general

Stock exchange trades are subject to the opening hours of VP Bank and of the other institutions and systems involved, such as stock exchanges, settlement and clearing systems, etc. The client bears sole responsibility for the completeness and accuracy of all data relating to a stock exchange trade. The client bears the full risk of misdirected or returned orders and of the resulting non-execution of a stock exchange trade. 

The client assumes responsibility for monitoring stock exchange orders (e. g. limited orders). VP Bank does not warrant the actual execution of orders issued by the client. SMS contract notes regarding stock exchange orders will only be sent for orders that have been wholly or partially executed. The client acknowledges that the sending of such contract notes may be subject to delay. No acknowledgement will be sent regarding cancelled or expired stock exchange orders.

VP Bank accepts no liability for the accuracy and completeness of the data, information and communications which it transmits. These and all other statements regarding information in the public domain, such as stock exchange prices and exchange rates, are provisional and non-binding.

Trading hours

Stock exchange orders issued via e-banking cannot be processed either directly or at all times, as the trading days and hours on the relevant stock exchanges and the Bank’s trading hours (8 to 22 hours) must be taken into account in mind.

Stock exchange orders issued outside trading hours will be processed as follows:

• Same-day orders will not be executed.
• Orders which are valid for several days will be placed on thenext trading day of the relevant stock exchange.

Other orders will be executed in accordance with stock exchange dealing practice. All times indicated are Central European Time (CET).

Stock exchange orders

The client acknowledges that no advice is given on stock exchange orders placed via e-banking and, in placing an order in this way, waives any such advisory service by VP Bank. The client shall ensure that all stock exchange orders are commensurate with his personal financial status and shall bear the potential risk of loss associated with the investment instruments he has chosen. The Bank does not verify that stock exchange orders placed via e-banking are consistent any investment goals agreed upon and accepts no liability for any damages arising from the client’s investment activity via e-banking. 

VP Bank is entitled to reject or cancel stock exchange orders placed by the client if they are not consistent with the relevant standards which apply to the transaction and stock exchange in question or with the other provisions and agreements between VP Bank and the client.