FAB does not accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to benchmark rates such as IBORS or any alternative rate including, without limitation, whether the composition or characteristics of any alternative rate will be similar to, or produce the same value or economic equivalence as, the original benchmark rates (including IBORs) or whether any alternative rate will have the same volume or liquidity as the original benchmark rate prior to its discontinuance or unavailability. Except where we otherwise agree with you in writing, FAB does not provide advice, or recommendations on the suitability of your product choice or financing solution. You should consider whether you need to obtain professional independent advice (legal, financial or otherwise), prior to entering into any agreement or investing in a product which references a benchmark rate such as an IBOR. FAB does not owe you any duties or have any liability to you in relation to its management of the transition from IBOR benchmark rates to alternative rates. FAB is not under an obligation to update the information in this explanation and general risk warning.
By accessing this webinar session and/ or receiving this document, you agree that neither First Abu Dhabi Bank or Clifford Chance are acting as your advisor (unless otherwise agreed in writing) and each is not providing legal or financial advice or making any recommendation to adhere to the ISDA 2020 IBOR Fallbacks Protocol; it being understood that any information or explanations pertaining to the terms of ISDA 2020 IBOR Fallbacks Protocol provided via this webinar session or this document shall not be considered legal or financial advice or a recommendation to enter into the ISDA 2020 IBOR Fallbacks Protocol. Each person accessing this webinar session and/or recipient of this document should make its own independent decisions regarding whether to adhere to ISDA 2020 IBOR Fallbacks Protocol and as to whether such protocol is appropriate or proper for it based upon its own judgement and upon advice from such advisors as it has deemed necessary.