Terms of Use

NOTICE

Please carefully read these Terms and Conditions of Use (these "Terms"). Your access to or use of this website signifies that you understand and agree to be bound by these Terms. If you do not agree to be bound by or comply with these Terms, do not access or use this website.

This website is owned and operated by Western Asset Management Company Pty Ltd (ABN 41 117 767 923) (defined herein as "Western Asset Australia," "us," or "we"), registered office is located at Level 48, 120 Collins Street, Melbourne Victoria 3000. Western Asset Australia is regulated by the Australian Securities and Investments Commission ("ASIC") and is the holder of Australian Financial Services Licence 303160 pursuant to section 911A(1) of the Corporations Act 2001. Western Asset Australia is an indirect wholly owned subsidiary of Legg Mason, Inc. ("Legg Mason"), a U.S. based financial services holding company.

By accessing this website and other sites through links provided by us, you agree to these Terms, our Privacy Policy, as well as other terms or conditions or disclaimers contained on this website. We may in our sole discretion change or modify the content of this website, including these Terms and our Privacy Policy without notice. Any subsequent access to, or use by you of this website will also be subject to these Terms. Any changes, modifications, or additions to, or deletions from these Terms shall be effective upon posting on this website. If you use this website after we post changes to the Terms, you accept the Terms as changed. Western Asset Australia expressly reserves the right to monitor any use of this website.

INTENDED AUDIENCE

The information on this website and the products and services referred to in it are available only to residents of Australia who are wholesale clients as defined in section 761A of the Corporations Act 2001 (hereinafter "Institutional Investors"). The information provided on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject Western Asset Australia or its affiliates to any registration requirement within such jurisdiction or country. Furthermore, there is no intention to offer or sell products or services referred to on this website in countries or jurisdictions where such offer or sale would be unlawful under the relevant domestic law. All investors accessing this website do so on their own initiative and are responsible for compliance with applicable local laws and regulations. If you access this website from a location outside of Australia, you do so on your own initiative and you are responsible for compliance with any applicable local laws. This website is not directed to any person who is not an Institutional Investor or who is in any jurisdiction where the publication or availability of the website is prohibited, by reason of that person's nationality, residence or otherwise. Persons under these restrictions who are not Institutional Investors must not access this website.

NO OFFER OR ADVICE

This website does not constitute an offer to sell or a solicitation of an offer to buy any security that may be referenced on or through this website. Nor does this website constitute an offering or recommendation by Western Asset Australia or any of its affiliates of any security, investment management service, or advisory service. Western Asset Australia does not provide investment advice, tax advice, or legal advice through this website, and you agree that this website will not be used by you for such purposes. Western Asset Australia does not represent that the securities, products, or services discussed on, or accessible through, this website are suitable for any particular investor. You acknowledge that your requests for information are unsolicited, and the provision of any information through this website shall not constitute or be considered investment advice, or an offer to sell, or a solicitation of an offer to buy any security.

THIRD PARTY CONTENT

Through this website, you may have access to information relating to securities and the securities markets ("Market Data"). Western Asset Australia may obtain this Market Data from third parties who are independent of Western Asset Australia. Even though the sources of the Market Data provided on this website are believed to be reliable, Western Asset Australia is not responsible for, and makes no warranty with respect to the contents, accuracy, completeness, timeliness, suitability, or reliability of the Market Data. The Market Data that may be provided is not a complete summary or statement of all available information or data. WESTERN ASSET AUSTRALIA MAKES NO EXPRESS OR IMPLIED WARRANTIES (INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE) WITH RESPECT TO THE MARKET DATA.

Any Market Data and other information accessible through this website is for personal, non-commercial use. You agree not to reproduce, modify, sell, distribute, broadcast, publish, or use for any commercial or unlawful purpose any Market Data or other information you access through this website.

Any Market Data is provided "as is" and on an "as available" basis. Western Asset Australia will not be responsible for lost profits, trading losses, or any other damages resulting from inaccurate, defective, or unavailable Market Data or other information. Western Asset Australia is not obligated to update or to continue to offer Market Data or other information accessible through this website.

USE OF SECURE PART OF WEBSITE ("THE SECURE WEBSITE")

Users of the Secure Website ("User") will be able to access information, which will be controlled by a User ID and Password. This is to allow us to implement measures to preserve the security of this information.

Use of the Secure Website is subject to specific terms and conditions in addition to the general terms and conditions set out in these Terms. By accessing the Secure Website you are deemed to have read, understood and agreed to the following terms and conditions:

  1. I acknowledge that I have read these Terms and the Privacy Policy;
  2. I agree not to disclose my User ID or Password to any other person and notify you immediately of any unauthorised access to, or use of my User ID or Password.
  3. I agree to be responsible for the use by others of my User ID and Password.
  4. I acknowledge that information in the Secure Website relating to me or my clients (where relevant) will be disclosed to any User using a valid User ID and Password whether or not such use is authorised by me. Once access is granted, all actions will be deemed to be made by me.
  5. I warrant that any information entered by me using my User ID and Password is accurate.
  6. I acknowledge that my access to the Secure Website may be revoked by Western Asset Australia or any of its affiliates at any time without notice.
  7. I agree to indemnify Western Asset Australia and its affiliates and all other Users of the Secure Website against any claim, loss, cost, damage, action or expense which Western Asset Australia, or any other User of the Secure Website may experience arising from:
    (a) my use of the Secure Website,
    (b) my failure to keep my Password confidential, and
    (c) the use of the Secure Website by any other person on my behalf.
USE OF E-MAIL

The security of electronic mail sent through the Internet is not guaranteed. Do not send sensitive or confidential information to us via electronic mail. Delivery, and timely delivery, of electronic mail is also not guaranteed. Western Asset Australia therefore recommends that you do not send time-sensitive or action-oriented messages to us via electronic mail. Such requests, orders, or instructions will not be processed until Western Asset Australia can confirm your instructions or obtain appropriate written documentation where necessary.

DISCLAIMERS

Western Asset Australia does not warrant this website (including the Market Data or other information that may be accessible on or through this website) for any particular purpose. It is provided "as is" and on an "as available" basis. Western Asset disclaims, to the fullest extent of the law, any warranty of any kind, whether express or implied, as to any matter relating to this website, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. Use of this website is at your own risk.

Western Asset Australia and its affiliates and any of their directors, officers, or employees will not be liable or have any responsibility of any kind for any loss or damage that you incur arising from or in connection with:

  1. any delay, termination, failure, defect, or interruption in the transmission of this website or any Market Data;
  2. any inaccuracy, error, unavailability, or incompleteness in the transmission of this website or any Market Data;
  3. any termination or interruption of your access to this website;
  4. your reliance on or use of this website or any Market Data;
  5. any e-mail requests, orders, or instructions you send, or the interception by third parties of any requests, orders, or instructions you send via e-mail;
  6. any act or omission of Western Asset Australia or any of its affiliates in making this website or Market Data available to you; or
  7. any other cause relating to your access to or use of this website, whether or not the circumstances giving rise to such cause may have been within the control of Western Asset Australia or any of its affiliates or within the control of any other party providing software or services support for this website.

Neither Western Asset Australia nor any of its affiliates warrant that this website, or the functions contained in this website, will be uninterrupted or error-free, that defects will be corrected, or that this website, or the servers that make it available, are free from viruses or other harmful components. You assume the entire cost of any necessary servicing, repairing, or correcting of your property or operations as a result of using this website. You accept at your own risk that the Internet or other online communications medium may not perform as intended as a result of human, mechanical, or other error, despite the efforts of Western Asset, you, or any third party.

In no event will Western Asset or its affiliates or any of their directors, officers, or employees be liable to you for any direct, indirect, special, consequential, or incidental damages related in any way to your use of this website, even if: (a) such damages are reasonably foreseeable; or (b) Western Asset or any of its affiliates or any other party has been advised of the possibility of such damages.

PERFORMANCE FIGURES

All performance figures contained in this website are sourced from internal and other sources as appropriate. Past performance is not a reliable indicator of future performance. The value of investments and the income from them may go down as well as up and are not guaranteed.

LINKED WEBSITES

Western Asset is in no way responsible for the content of any website, owned or operated by a third party, that may be linked to this website via hyperlink, whether such hyperlink is provided by Western Asset or by a third party. In addition, Western Asset is in no way responsible for the content of any website to which this website may link. The information to which the user links is neither prepared nor maintained by Western Asset, and Western Asset has not and will not review or update the information contained in any linked website. Western Asset is not responsible for, and makes no warranty with respect to the contents, accuracy, completeness, timeliness, suitability, or reliability of the linked website. Use of any website hyperlinked to or from this website shall be at your own risk.

TERMINATION

Western Asset reserves the right to terminate your access to this website at any time, without notice, for any reason whatsoever.