Terms of Use

Services and Products
This website does not constitute investment advice or a personal recommendation to any person. In particular, it does not take into account the specific investment objectives, financial situation, or particular needs of any person. Any indication in this document that an investment instrument or investment strategy is “recommended”, “suggested”, or otherwise worthy of consideration is not intended and should not be construed to suggest that it would be a recommended or suitable investment for any particular investor. It is incumbent to seek investment advice as appropriate. Products and services displayed on this Website may not be eligible for sale or available to residents of certain countries or certain categories of investors. The information published by BancTrust & Co. in this website does not constitute an offer or a recommendation nor is intended to provide legal, tax or investment advice, therefore, BancTrust & Co. recommends and advices that all investors independently evaluate and apply their own judgment to each issuer, security or instrument discussed in this publication.

BancTrust & Co. has used all reasonable skill and care in compiling the information contained in this website. The information and opinions have been obtained from or are based upon sources that are believed to be reliable, but the accuracy of the information presented cannot be guaranteed. Moreover, the information presented in this website is as of the date indicated, and neither BancTrust & Co. nor any of its affiliates shall have any obligation to update the information to reflect changes. Neither BancTrust & Co. nor any of its affiliates shall have any liability as a result of typographical or other errors in this document. No responsibility can be accepted for any loss allegedly arising from reliance upon this website.

Information Subject to Local Restrictions
This Website and all information and functionality contained within it are not directed at or intended for use by any person resident or located in any jurisdiction where (1) the distribution of such information or functionality is contrary to the laws of such jurisdiction or (2) such distribution is prohibited without obtaining the necessary licenses or authorizations by the relevant branch, subsidiary or affiliate office of BancTrust & Co. and such licenses or authorizations have not been obtained.

Forward Looking Statements
The BancTrust & Co. website may contain forward-looking statements. Undue reliance should not be placed on these statements. Forward-looking statements include information concerning possible or assumed future results of operations, goals, and objectives for future operations or market developments. These statements are typically identified by words such as “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” and similar expressions. It should be understood that such statements are not guarantees of performance or results, and that they involve risks, uncertainties, and assumptions. BancTrust & Co is under no obligation to (and expressly disclaims any such obligation to) update, adjust or modify its forward looking statements as a result of new information, future events, or otherwise.

No Warranty
The information and materials contained on the BancTrust & Co. Website are provided on an “as is”, “where is” and “where available” basis. BancTrust & Co. makes no representations or warranties of any kind, either expressed or implied, with respect to the information and functionality contained in this Website, including but not limited to warranties of title, non-infringement, merchantability or fitness for a particular purpose. Without limiting the foregoing, BancTrust & Co. does not warrant the accuracy, timeliness, completeness, reliability or availability of the BancTrust & Co. Website or the information or results obtained from use of the BancTrust & Co. Website. BancTrust & Co. makes no warranty as to the results that may be obtained from use of the site or the information published in it, or as to the accuracy, reliability, completeness or content of any information, service, or merchandise provided through the website. BancTrust & Co. does not endorse products or services appearing on linked sites or purchased via linked sites.

Neither BancTrust & Co. its affiliates nor any of their respective employees, agents, third party content providers or licensors warrant that the site or the information published in it, will be uninterrupted or error free; BancTrust & Co. will not be liable for any direct, indirect, special or consequential, economic or other damages arising in any way out of the use of the site, any on-line services or internet browser software, including liability associated with any computer viruses which may infect the user´s computer system.

No Liability
To the fullest extent permitted by law, in no event shall BancTrust & Co. or any of its affiliates, directors, employees or agents have any responsibility or liability whatsoever for any direct, indirect, special, punitive, incidental or consequential damages or any damages whatsoever, loss, or bodily injury, liability, cost, claim, expense or damage of any kind, whether in contract or in tort, including negligence, or otherwise, arising out of or related to the use of all or part of this Webpage or the information published in it, even if BancTrust & Co. has been advised of the possibility of such.

Third Party Links
BancTrust & Co. Website may contain third party content or links to third party websites. These content and links are provided solely for your convenience and information, therefore you access to them at your own risk. BancTrust & Co. has no control over such third party websites, which shall be governed by their own and independent terms and conditions. BancTrust & Co. does not assume any responsibility or liability for and does not make any warranties or representations as to, any third party content or websites, including but not limited to, the accuracy, subject matter, quality or timeliness. BancTrust & Co. shall have no liability for third party content or websites or websites linking to or framing the BancTrust & Co. Website.

Intellectual Property Rights; Personal And Non-Commercial Use Limitation.
BancTrust & Co. retains all right, title and interest (including copyrights, trademarks, patents, as well as any other intellectual property or other right) in all information and content (including but not limited to all text, data, source code, graphics and logos) on the BancTrust & Co. Website. Individual pages and/or sections of the BancTrust & Co. Website may be printed for personal or internal use only, and provided that such print outs retain all applicable copyright or other proprietary notices. All users must not, without limitation, modify, copy, transmit, distribute, display, perform, reproduce, publish, license, frame, create derivative works from, transfer or otherwise use in any other way for commercial or public purposes in whole or in part, included but not limited to any information, text, graphics, images, video clips, directories, databases, listings or software obtained from the BancTrust & Co. website without the prior written permission of BancTrust & Co. Systematic retrieval of content from the BancTrust & Co. Website to create or compile, directly or indirectly, a collection, compilation, database or directory (whether through robots, spiders, automatic devices or manual processes) or creating links to the BancTrust & Co. Website without written permission from BancTrust & Co. is prohibited.

Severability Clause
To the extent that any provision of these Terms and Conditions is found by any competent court or authority to be invalid, unlawful or unenforceable in any jurisdiction, that provision shall be deemed not to be part of this Terms and Conditions but such finding shall not affect the validity, lawfulness or enforceability of the remainder of these Terms and Conditions in that jurisdiction, nor shall it affect the validity, lawfulness or enforceability of these Terms and Conditions in any other jurisdiction.

Indemnification
You agree to indemnify, defend, and hold harmless BancTrust & Co. its affiliates, officers, directors, employees, agents, licensors and suppliers (collectively the “Provider”) from and against all losses, expenses, damages and costs, including reasonable attorneys’ fees, resulting from any violation of these terms and conditions or any activity related to your Internet account (including negligent or wrongful conduct), by you or any other person accessing this Website using your Internet account.

These Terms and Conditions as well as the information and materials contained in this Website are subject to change without notice.

 

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  • Wednesday, November 15 2017

    Venezuela:

    - Amid uncertainty after the investors meeting, the attention continues to be on the interest payments which grace period expired this week (PDV’27, VENZ’19 and VENZ’24) and the call for default for both Venezuela and PdVSA. In this sense, the ISDA which is in charge since last week of assessing a credit default decision over the PDV’17 payment (which also arrived later than the day expected) said that they will meet again on Thursday with a deadline until Friday to make any decision on

    Read More >>
  • Tuesday, November 7 2017

    Venezuela:

    - The selloff in sovereign and quasi-sovereign curves continued yesterday, with the first leading with an average 11.47% drop – thanks mostly to the whopping correction of both VENZ’18, as the old fell 51.73% and the new decreasing 48.64%. Meanwhile, the PDVSA curve closed the day with a -4% average result. This situation is likely to continue, in our view, for as long as payments of coupons in grace period are not being made, situation aggravated by the closeness of the deadlines of each gr

    Read More >>
  • Thursday, November 2 2017

    Venezuela:

    - After yesterday’s comments of the Depository Trust Company of Venezuela’s bond payments, confirming the transaction and extra official information about some holders that already received payment on 2020 bond, the Venezuelan bonds showed positive movements. In this sense, we can use the PDV’20 experience to expect a similar process for the funds of the PDVSA 2017N to matured today for a total amount of USD1.170mn between principal and interest, with an announcement of the payment during

    Read More >>
  • Wednesday, November 1 2017

    Venezuela:

    - Until today 01 January 2017, will be held the process to postulate for the municipal elections, which are expected for around 10 December. However, there is no clear information on the ongoing process and the opposition response has not been clear either. In detail, seven opposition parties has decided to not participate in the next electoral process, however we do not discard that some of its member could –at the very last minute- decide that they will participate as an independent candidat

    Read More >>

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