Financial inducements. The AIFM reserves the right to pay financial inducements to third parties for the investors acquired and/or services rendered. Such inducements shall normally be calculated on the basis of the fees, com- missions, etc., charged to investors and/or the individual assets or asset portfolios placed with the AIFM. The amount of such inducements shall be equivalent to a percentage of the relevant calculation basis. On request, the AIFM shall at any time disclose to the investors further details of agreements regarding such inducements concluded with third parties. The investor hereby expressly waives any right to obtain information above and beyond such disclosure from the AIFM; in particular, the AIFM shall not be obliged to furnish settlement details concerning the inducements actually paid. The investors duly note and accept that, in connection with the finding of investors and the acquisi- tion/distribution of collective capital investments, certificates, notes, etc. (hereinafter referred to as "prod- ucts"; these include products managed and/or issued by a Group company), the AIFM may receive financial inducements, normally in the form of volume discounts, from third parties (including Group companies). The size of such inducements varies according to the product and the product provider. Volume discounts are normally dependent on the volume of a product or product group held by the AIFM. The amount of such discounts usually corresponds to a percentage of the management fees charged for the product in question and is credited periodically throughout the holding period. Issuers of securities may also pay sales commissions in the form of xxxx-xxxxx (percentage discounts) on the issue price or in the form of one-off payments equivalent to a percentage of the issue price. Save where otherwise provided, investors shall be entitled at any time before or after the service (i.e. purchase of the product) is rendered to obtain further information from the AIFM regarding agreements on such financial induce- ments concluded with third parties. However, the further information to which investors are entitled in respect of transactions already carried out shall be limited to disclosure concerning the preceding 12 months, and investors hereby expressly waive the right to obtain information above and beyond said disclosure. Investors who do not request further information before the service is rendered or who avail themselves of the service after obtaining such further in...
Financial inducements. The Bank reserves the right, within the bounds of applica- ble law, to pay inducements to third parties for the acquisi- tion of Clients and/or the provision of services. Such inducements are generally calculated on the basis of the commissions, fees, etc., charged to the Client and/or the volume of assets placed with the Bank. The amount of the inducement is usually a percentage of the calculation basis applied. The Bank shall disclose the amounts of induce- ments paid for the provision of a particular service. Upon request, the Bank will disclose further particulars of agree- ments made with third parties in this regard at any time. The Client hereby waives any right to demand more exten- sive information from the Bank. If the Bank provides independent investment consulting or asset management, it will not accept financial inducements from third parties or will forward such inducements on to the Client. The Client duly notes and accepts that, in connection with the provision of non-independent investment consulting and/or the execution of orders involving financial instru- ments (execution-only and non-advisory business), the Bank is entitled to receive and retain financial induce- ments, insofar as these improve the quality of the service provided to the Client and do not lead to a conflict of inter- est. The Bank shall disclose the amounts of the induce- ments received for the provision of a particular service. The financial inducements retained may include those paid by third parties (incl. Group companies) in connection with the acquisition/distribution of collective capital investments, certificates, notes, etc. (hereinafter referred to as “products”; these include products managed and/or issued by a Group company), in the form of volume dis- counts and finder’s fees (e.g. from issue and redemption commissions). The size of such remunerations varies according to the product and the provider. Volume dis- counts are usually calculated on the basis of the volume of a product or product group held by the Bank. The amount of such discounts usually corresponds to a percentage of the management fees charged for the product in question and is credited periodically throughout the holding period. Finder’s fees are one-off payments amounting to a per- centage of the issue and/or redemption price concerned. Additionally, sales fees may also be paid by issuers of securities in the form of discounts on the issue price or one-off payments equivalent to a percentag...
