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 Limited (defined herein as "WAMCL," "us," or "we"), whose registered office is located at 10 Exchange Square, London, EC2A 2EN, United Kingdom. WAMCL is authorised and regulated by the Financial Services Authority ("FSA") under Registration No. 145930. WAMCL is also a registered investment adviser under the Investment Advisers Act of 1940, as amended, and, as such, is regulated by the United States Securities and Exchange Commission. WAMCL 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.

Electronic Recording

WAMCL expressly reserves the right to monitor any use of this website. In connection with your use of this website, you acknowledge and consent to the taping or any form of electronic recording of any communication, electronic or otherwise, between you and WAMCL and its affiliates or their representatives or agents. You acknowledge and consent to the recording, retention and use by WAMCL and its affiliates (and their employees, representatives and agents) of all information and data that you input during your use of the website, including without limitation, all selections and uses of software, calculators and other tools therein.

Intended Audience

The information contained in this website concerning WAMCL and its products and services has been created for and intended for use only by authorized dealers and institutional investors that qualify as "intermediate customers" or "market counterparties" (hereinafter "Institutional Investors") under the FSA Conduct of Business Rules (the "Rules"), is for information purposes only and is not intended to be accessed or used by members of the general public. 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 WAMCL, its affiliates or any of their Funds 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. This website is not directed to any person who is not an Institutional Investor (i.e., a private client as defined under the Rules) 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 WAMCL or any of its affiliates of any security, investment management service, or advisory service. WAMCL 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. WAMCL does not represent that the securities, products, or services discussed on, or accessible through, this website are suitable for any particular investor.

Information concerning the Western Asset Funds plc and Citi Institutional Liquidity Funds plc

This website contains information concerning the Western Asset Funds plc and the Citi Institutional Liquidity Funds plc ¹, two Ireland domiciled investment companies in which WAMCL serves as investment manager and distributor (collectively referred to as the "Companies"). The Companies have been authorised by the Irish Financial Services Regulatory Authority as undertakings for collective investment in transferable securities ("UCITS") pursuant to the European Communities (Undertaking for Collective Investment in Transferable Securities) Regulation 2003 (Statutory Instrument No. 211 of 2003), as amended. The Companies are structured as umbrella funds and offer a full range of fixed income sub-funds (hereinafter the "Funds").

The Companies and the Funds are not registered as investment companies in the United States under the U.S. Investment Company Act of 1940, as amended, and the Shares of the Funds are not registered under the U.S. Securities Act of 1933, as amended. Shares of the Funds are, therefore, not available for sale to or purchase by "U.S. persons" as that term is defined in the current prospectus of the relevant Fund (the "Prospectus"). The information provided on this website concerning the Funds is not intended for distribution to, or use by, any U.S. person, any person or entity in the United States, or in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject the Funds, to any registration requirement within such jurisdiction or country. If you are not an authorised dealer or Institutional Investor or if you are a U.S. person, please do not continue to access this website. Any continued use by you of this website is unauthorised by the Funds and WAMCL.

Nothing on this website shall be considered an offer or solicitation to buy or sell shares of the Funds to any person. WAMCL does not claim that the Funds referenced in this site are available in any particular jurisdiction or appropriate for any particular investor. If you choose to access this website, you do so on your own initiative, and you are responsible for compliance with any applicable local laws.

The content of the Website is the property of WAMCL and its affiliates or their licensors and are protected by applicable copyright, patent, trademark or other intellectual property law. Except as expressly authorised herein, you may not reproduce, transmit, sell, display, distribute, publish, broadcast, circulate, modify, disseminate, or commercially exploit any of the information or content on this website without the written consent of WAMCL and its affiliates. You also agree not to use the information on this website for any unlawful purpose and you shall comply with any request of WAMCL and its affiliates or any of the third parties providers or licensors to protect their respective rights.

WAMCL may use, store, transfer or otherwise process information about the users of the site or its employees, agents or representatives for the purpose of fulfilling WAMCL's obligations as an investment manager and global distributor of the Fund, to comply with record keeping obligations, and as reasonably necessary for management of the client relationship. This may include transfer of data to affiliates (including outside of the European Union). You acknowledge that you freely consent to the foregoing on behalf of yourself, your employees, agents and representatives.

Third Party Content

Through this website, you may have access to information relating to securities and the securities markets ("Market Data"). WAMCL may obtain this Market Data from third parties who are independent of WAMCL. Even though the sources of the Market Data provided on this website is published in good faith and believed to be reliable, WAMCL 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.

WAMCL 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. WAMCL will not be responsible for lost profits, trading losses, or any other damages resulting from inaccurate, defective, or unavailable Market Data or other information. WAMCL 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 Personal Identifier 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. 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 Personal Identifier and Password to any other person and notify you immediately of any unauthorised access to, or use of my Personal Identifier and Password.
3. I agree to be responsible for the use by others of my Personal Identifier 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 Personal Identifier 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 Personal Identifier and Password is accurate.
6. I acknowledge that my access to the Secure Website may be revoked by WAMCL or any of its affiliates at any time without notice.
7. I agree to indemnify WAMCL and its affiliates and all other Users of the Secure Website against any claim, loss, cost, damage, action or expense which WAMCL, 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 Personal Identifier and 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. WAMCL 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 WAMCL can confirm your instructions or obtain appropriate written documentation where necessary.

WAMCL and its affiliates shall use reasonable precautions to maintain the confidentiality of the information you may provide to WAMCL and its affiliates and information you have created, input or developed in connection with your use of the website, but because such information can be accessed through the Internet, you hereby acknowledge and agree that there can be no assurance that the information and information provided to you through the website will remain secure. In addition, WAMCL and its affiliates may disclose such information to their employees, representatives, officer, agents and affiliates, as well as a governmental entity, WAMCL or any other third party, agent or service provider a) for any purpose relating to the conduct of WAMCL and its affiliates' business or to the offering, providing or maintaining of the website, b) to comply with applicable rules, orders, subpoenas or other legal process, or in order to give information to any government agency or official requesting such information, or c) for any other legitimate business purpose.

Disclaimers

WAMCL 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 noninfringement. Use of this website is at your own risk.

WAMCL 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 WAMCL 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 WAMCL or any of its affiliates or within the control of any other party providing software or services support for this website.

Neither WAMCL 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 WAMCL, you, or any third party.

In no event will WAMCL 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 should not be seen as an indication of future performance. The value of investments and the income from them may go down as well as up, are not guaranteed and it is possible that an investor could incur losses, including the loss of principle invested.

Linked Websites

WAMCL and its affiliates are 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 WAMCL, its affiliates or by a third party. In addition, Western Asset and its affiliates are 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 WAMCL or its affiliates, and WAMCL and its affiliates have not and will not review or update the information contained in any linked website. WAMCL and its affiliates are 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.

Governing law and severability

These Terms will be governed and construed under the laws of England without giving effect to principles conflicts of law. Nothing in these Terms creates any rights or protections that you are not already entitled to by law. If any provision of these Terms is declared invalid or unenforceable, such declaration shall not be deemed to affect the validity of any of the other provisions.