Bonds & Credit (bespoke audit service)

Using Audits to Meet FSA's Training Requirement

Using CBs for PF Deficit Management

2006 CB New Issue Report

Disclaimer

Disclaimer
DISCLAIMER (Amended 15 January 2007)

CUSTOMERS. The work appearing on the  CONV.BIZ website  and the work forming part of the CONV.BIZ library is intended primarily for contractual customers and potential customers of the proprietor(s) of the CONV.BIZ website. These contractual customers are assumed by the proprietor(s) of the CONV.BIZ website to be regulated individuals with a relevant knowledge of securities of a complex nature and access to Bloomberg or Reuters.  

FOR INFORMATION PURPOSES ONLY.  CONV.BIZ is a URL and has no corporate personality. CONV.BIZ Ltd, a profitable research company, has been voluntarily liquidated. Any written material on CONV.BIZ or forming part of the CONV.BIZ prospectus audit library does
not contain any solicitation or implied solicitation to buy or an offer to sell any
securities, nor is it an official confirmation of terms nor a recommendation to convert or exchange securities. This applies both to prospectus audits and the CONV.BIZ website. The research is not, and may not be used for the marketing of market-making services nor of underwriting. For the avoidance of doubt, the clear intent and belief of the proprietor(s) of the CONV.BIZ website and/or any of the proprietor{s)' associates is that any business conducted would only be done if it is conducted on an unregulated basis, compliant with prevailing regulations. Work is prepared solely for informational purposes and the content is not and should not be deemed to constitute "investment advice" within the meaning of the First Schedule of Malta's Investment Services Act of 1994 or the equivalent in alternative jurisdictions, nor are the prospectus risk audits within the working remit of the Audit Practices Board. The website may or may not have content of an "advertorial" nature. RJ Grantham is a sub-3%shareholder in Updata plc, a provider of software and financial information services.

 

SCOPE. The written work of CONV.BIZ Ltd was based on carefully selected sources, and on information generally available to the public from sources believed to be reliable.  No representation is made by the current proprietor(s) that it is accurate or complete, (indeed the nature of a Prospectus Audit demands a degree of selectivity and summarisation) nor that any returns, interest payments or repayment of mionies, if indicated, would be achieved. Changes to assumptions may have a material impact on any "returns" referred to, or the likely operation of certain prospectus provisions, especially those embodying a degree of optionality. Any opinions expressed in work reflect judgement at the date of the work and are conveyed as such, and no representation is made that the work is based upon any other assumption. The opinions expressed in any work are or were subject to change without notice.

 

JURISDICTIONS. Details of new issues may be written about and readers should be aware of the laws in relevant jurisdictions to ensure compliance. The proprietor(s) of CONV.BIZ and the former CONV.BIZ Ltd attach and attached importance to compliance with regulatory requirements and ask(s( for co-operation in helping it to achieve a high standard or compliance in any relevant jurisdictions outside the Republic of Malta, EU. Observation of the spirit of international protocols which recognise and respect the integrity of the regulatory authorities in different jurisdictions of the EU is respectfully and courteously requested.

 

FUNDAMENTAL EXCLUSION OF LIABILITY. The proprietor(s) of the CONV.BIZ website and/or its affiliates and/or officers and any business or persons  at all times disclaim all liability for losses on account of any errors and omissions in the research work, whether incurred by the reader or any third party, and if this is not acceptable to the recipient, the content of such should be disregarded in its entirety (except the disclaimer). This exclusion liability is fundamental to the contract to provide any services in a business activity designated by the proprietor(s) of the CONV.BIZ website as trading as CONV.BIZ.  For the avoidance of doubt, the exclusion from liablity also relates to any work provided by consultancy businesses and/or their officers for the proprietor of the CONV.BIZ website and the former CONV.BIZ Ltd. The proprietor(s) of the CONV.BIZ website and/or its affiliates may from time to time, have a consulting relationship with a company being reported upon.

 

POTENTIAL UNSUITABILITY. The investments discussed on the CONV.BIX website or mentioned in the work of the CONV.BIZ prospectus audit library may be unsuitable for investors depending on their specific investment objectives and financial position. Private investors, for whom the written information is not intended in the first instance on the basis of privity of contract, should obtain the advice of their banker/ broker about the investments concerned prior to making them.

 

ANY SERVICE CONTRACTS will be shown to customers prior to the agreed start date of paid work, and the starting of work shall be deemed to constitute offer and acceptance of the terms and conditions and, for the avoidance of any doubt, to inlude the duration of the contract, shall contitute a legally binding agreement. In the event of any one party proposing any amendment to such legally binding contract, the proposer of the amendment is required under FSA rules to provide full relevant disclosure about the facts relating to the proposed change of the legally binding terms and, in the event of a dispute, there is an onus of proof on the proposer of any prejudicial amendment.

 

COPYRIGHT (2005) CONV.BIZ Ltd. Unauthorized copyright infingement will be monitored electronically and will be reported to Compliance Officers, even if discovered months later. To reward those who do not infringe copyright, CONV.BIZ Ltd is prepared to make available a small number of Prospectus Audits to  previously nominated personnel who move to a new firm, subject to certain provisos.

 

 

 

SITE UNDER CONSTRUCTION