By opening and/or using the information, services, links, functions, applications or programmes (hereinafter: "contents") offered on this website, the user hereby agrees to be bound by the terms and conditions set out below:

Copyright law:

The contents offered on this website and subsites (hereinafter: the RBI-Website) are protected by copyright law. The downloading or storage of applications or programmes contained on the RBI-Website and the (complete or partial) reproduction, transmission, modification or linking of the contents of the RBI-Website shall only be permitted with the express and written consent of Raiffeisen Bank International AG ("RBI").
Users are, however, entitled to print, download or store individual pages or segments of this website under the provisions of Austrian copyright law and only if the copyright notices or other designations protected by law are neither removed nor changed. Authorised users of e.Custody are also entitled to use and to store the applications or programmes on the pages of e.Custody used for handling or processing their transaction or custody account data.

No solicitation or investment recommendation:

The contents of the RBI-Website shall serve only information purposes and shall not be considered a solicitation or an offer to buy or sell any type of investment instrument under Austrian capital market laws or under capital market laws of other jurisdictions. All concrete investment decisions should be preceded by an appointment with an investment advisor, and we would be pleased to offer our services in this respect.

Information content, timeliness of information:

RBI has made every effort to ensure reliability in researching the information published on this Website or sent via SMS within the scope of Markets.online as well as in selecting the source of information used. Nonetheless, RBI does not assume any liability whatsoever for the correctness, completeness, timeliness or uninterrupted availability of the information made available on its Website or as regards the sources of information used.

The market analyses, price and company analyses as well as forecasts published on the RBI-Website are based on the information available and the market assessment at the point in time stated in the respective publications. The company analyses may rely in part on information taken directly from the respective company's own sources. We do not assume and hereby expressly exclude any liability for the correctness, completeness or actual occurrence of the events described in the forecasts.

Certain financial data (e.g. stock exchange prices) may in some cases only be published after a certain interval of time has lapsed as defined by the data vendor (usually about 15 minutes). Furthermore, please note that many of the times are given in Greenwich Mean Time (GMT).

Restricted access due to local regulations:

Due to the laws applicable in some jurisdictions or regulations imposed by capital market or securities authorities, some of the information published on the RBI-Website (e.g. stock analyses) is not addressed to private individuals. In order to ensure the enforcement of such local access restrictions, RBI retains the right to take any (technical) measures it may deem suitable for restricting such information or segments of information subject to the aforementioned restrictions. The passing on of information contained on the RBI-Website, which is subject to local access restrictions valid in certain countries, to the persons stated in the relevant restrictions may constitute a breach of securities law or of other laws of said countries.

The distribution or dissemination of information published on the RBI-Website as well as the purchase and offering of the respective products in certain jurisdictions may be subject to restrictions or additional requirements. Persons who retrieve such information from the RBI-Website or into whose possession such information comes are required to inform themselves about and to observe such restrictions. In particular the products to which such information published on the RBI-Website refers may generally not be purchased or held by U.S. persons (the term “U.S. person” refers to any legal/natural person having its seat/residence in the U.S.A and any other person within the meaning given to it by Regulation S under the Securities Act 1933 as amended).

Links to websites or URLs of third-party providers:

With the exception of the cases regulated under § 17 of the Austrian E-Commerce Act, RBI does not assume any liability for the content of websites or URLs of other providers to which links are provided. Neither does RBI assume any liability for the uninterrupted availability or full functionality of the links to websites or URLs of third parties.

Exclusion of liability:

RBI makes no warranty and will accept no liability for any damages whatsoever (including consequential or indirect damages, or lost profits) relating to the access to the RBI-Website, the opening, use or querying of the contents on the Website or relating to the links set up on the RBI-Website to websites or URLs of third parties. This applies also in cases in which RBI points out the possibility of incurring such damages.
Furthermore, RBI shall not be liable for technical disruptions such as server breakdowns, operating disruptions or failures of the telecommunications links and other similar events, which could lead to the (temporary) unavailability of the RBI-Website as a whole or parts of it and/or result in the (temporary) unavailability or in faulty transactions or securities account data at e.Custody.

Data Protection, Use of Cookies:

Please note our information on "Data Protection and Use of Cookies" of our Website

Storage of registration data:

Certain areas of the RBI-Website (e.g. 'fundbroker.at', 'e.Custody' or 'Markets.Online') are only available to registered users. By sending the completed online registration form, the user confirms the completeness and correctness of the data given and also confirms having truthfully answered the questions asked. Furthermore, by sending the completed online form, the user hereby declares his or her consent to the electronic processing of his or her registration data by RBI for both internal banking organisational purposes and for transmission to other credit institutions within the Raiffeisen Banking Group, which may in turn also process, pass on or use such data.

For further information please see the notice "Data Protection and Use of Cookies" on our Website

Changes to the RBI-Website:

RBI retains the right to change and to remove the RBI-Website at any time (if necessary also without prior notice), in particular as regards changing existing contents (in full or in part) and adding new contents.

General terms and conditions of business:

For (authorised) users who use the services of RBI provided on the RBI-Website, the General Terms and Conditions of Business, as amended, of RBI shall apply in addition to the terms and conditions of this Disclaimer.

Special notice for authorised users of e.Custody:

Deviations between the online display of the statement of account and the written statement of account:

For technical reasons, deviations may occur as regards the values stated for the securities account between the statement of account produced online and the statement of account produced in writing using as value date the last day of the respective month. In any case, the written statement of account giving the value of the securities account sent to the authorised user shall be the only one deemed valid and legally binding.

Display of orders and transactions:

Please note that only such orders or transactions can be queried or displayed via e.Custody that have been settled through GEOS.

Special notice for authorised users of Markets.Online:

SMS information service:

Depending on the available technical capability and/or capacity of the respective mobile network and insofar as permissible by the respective network operator, RBI may, from time to time, send selected information to the authorised users of Markets.Online via SMS. The selection of the information to be sent via SMS, the intervals and any extension, restriction or entire discontinuation of this SMS information service shall solely be at the discretion of RBI and shall not give rise to any claims by the user in respect of the provision (or non-provision) of such SMS information. Pursuant to § 107 of the Austrian Telecommunications Act, the authorised user of Markets.Online hereby declares his or her express consent – which can be revoked at any time – to the regular sending of SMS information to the mobile phone number the user has provided upon registration with Markets.Online.

Please also take note of the general information provided pursuant to § 5 of the E-Commerce Act!


Thomas Sternbach

Legal Services
Raiffeisen Bank International AG
Am Stadtpark 9, 1030 Wien
Tel: +43-1-71707-1541
Fax: +43-1-71707-761541