This website, its contents and any related communication (altogether, the ‘Communication’) is issued by Makor Securities London Ltd. (“Makor”), it is published exclusively for the consumption of Makor’s trading counterparties falling within the classification of being US Persons under the Dodd–Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”). It is not being distributed to, and must not be passed on to, any other entity or to the general public. For further information about “Dodd-Frank” rules and requirements please see the CFTC website.

Introduction

Makor Securities London Ltd (“Makor”) (LEI number: 549300IQTYC8XXQ6C338) is provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a non-U.S. swap dealer pursuant to the Commodity Exchange Act (“CEA”), as amended by Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”). 

The CEA and the CFTC rules promulgated thereunder impose regulatory requirements on swap dealers, including business conduct standards with respect to the execution of swaps with certain counterparties.

These business conduct standards mandate that Makor provide certain disclosures of material information to certain counterparties and prospective counterparties prior to entering into a CFTC-regulated “swap”, a “foreign exchange forward” or a “foreign exchange swap”, each as defined in the U.S. Commodity Exchange Act, as amended, and the rules and regulations promulgated thereunder (the “CEA” and each such transaction, a “swap transaction”). CFTC Regulation 23.431 (a)(3).

Disclosures

Certain of the disclosures contained on this website may not be relevant to all recipients. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions.

Specifically, the disclosures and notices are relevant only where all of the following apply:

a) You are a “U.S. person”, as defined by the CFTC¹

b) You are not a “swap dealer”, “major swap participant”, “security-based swap dealer”, or “major security-based swap participant”, in each case as defined in the CEA; and

c) You are entering into or contemplating entry into a “swap transaction” with Makor Securities London Ltd.

You should not construe the content of any material or disclosures provided on this website as legal, financial, tax, accounting or other advice, and you should consider consulting your professional advisors for such advice. Nothing on this page shall constitute a bid or offer, or a solicitation of a bid or offer, to initiate or conclude any transaction.

NOTHING IN THE DISCLOSURE STATEMENT AMENDS OR SUPERSEDES THE EXPRESS TERMS OF ANY SWAP TRANSACTION BETWEEN YOU AND MAKOR SECURITIES LONDON LTD. OR ANY RELATED GOVERNING DOCUMENTATION.

By transacting with Makor Securities London Ltd, you are deemed to acknowledge that you have read and accepted the information provided on this Website. The information on this Website may be updated from time to time and so we encourage you to review the content prior to entering into any Transaction.

Rates and Inflation Swaps

FX Swaps

Commodity Swaps