IBVAL Front Office

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BVAL, IBVAL and BVAL Derivatives (collectively, “BVAL”) are services provided by Bloomberg Finance L.P. and its affiliates (“Bloomberg”). BVAL valuations do not express an opinion on the future or projected value of any instrument and are not investment recommendations (i.e., recommendations as to whether or not to “buy,” “sell,” “hold,” or to enter or not to enter into any other transaction involving any specific interest), a recommendation as to an investment or other strategy, or commodity trading advice. No aspect of the BVAL valuation or other data is based on the consideration of a customer’s individual circumstances and information available via BVAL should not be considered as information sufficient upon which to base an investment decision. Customers should determine on their own whether they agree with BVAL valuations. BVAL may not be available in certain jurisdictions. BVAL is not recognized or licensed as an official pricing provider in any jurisdiction, and should not be relied upon to comply with any laws or regulations that prescribe the use of prices issued by authorized pricing providers. BVAL should not be construed as tax, accounting, legal or regulatory advice or opinions, or sufficient to satisfy any tax, accounting, legal or regulatory requirements. Customers are solely responsible for the selection and use of appropriate parameters, inputs, models, formulas and data for meeting their tax, accounting, legal or regulatory requirements. Bloomberg believes that the information it uses in providing the BVAL services comes from reliable sources, but does not guarantee BVAL’s accuracy. Employees involved in the BVAL services may hold positions in the securities included in the BVAL services.
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