SKIP TO SITE NAVIGATION  |  SWITCH TO GRAPHICAL VERSION

Roles & Rights

Role of Wachovia

Wachovia Bank, National Association ("Wachovia") offers its swaps and other derivative products, services, and transactions solely as principal, and not as an agent, broker, advisor, or fiduciary for its customers. Any agency, brokerage, advisory, or fiduciary service that Wachovia (or any of its affiliates) may otherwise provide to its customers or to their affiliates does not include swaps and other derivative products, services and transactions unless otherwise expressly agreed in writing signed by Wachovia (or the relevant Wachovia affiliate).

Role of the Customer

For any swaps and other derivative products, services and transactions described in these materials, Wachovia would be acting arms-length as a party to the contract, not as a financial advisor. Therefore, customers are responsible for making their own evaluations of these products, services, and transactions and the risks involved based upon the advice of their own financial, legal, tax, accounting, and other professional advisors. Before entering into swaps or other derivatives, customers should consider whether they are appropriate for them in light of their individual objectives, experience, and other circumstances. While customers can use swaps and other derivatives as an effective hedging tool to reduce or eliminate certain risks associated with an asset or liability, this presumes holding these hedges to maturity and not disposing of the asset or liability during the term of the hedge. Whether they use them for hedging or another purpose, customers should be satisfied that they sufficiently understand the risks, including the risk of loss in the event of early termination of the swap and the risk associated with an early repayment or other disposition of the underlying asset or liability prior to the swap's maturity.

Reservation of Rights

Wachovia reserves all rights with respect to the materials on this Web site. These materials may not be copied, disseminated, reproduced, or used without the prior written consent of Wachovia (or when Wachovia, with permission, has included copyrighted materials belonging to others, without their prior written consent). Wachovia does not guarantee the accuracy or completeness of any information or opinions on this Web site, nor does Wachovia assume any liability for any loss resulting from reliance thereon. Such information and opinions are subject to change without notice.

Email this article

Wachovia Securities is the trade name for the corporate and investment banking services of Wachovia Corporation and its subsidiaries, including Wachovia Capital Markets, LLC ("WCM"), member FINRA/SIPC.

Debt and equity underwriting, trading, research and sales, loan syndications agent services, and corporate finance and M&A advisory services are offered by WCM.

Mezzanine capital, private equity, municipal securities trading and sales, cash management, credit, international, leasing and risk management products and services are offered by various non-broker dealer subsidiaries of Wachovia Corporation.

Access Accounts
Corporate & Institutional Login

Related Products and Services
Wachovia HedgeWise

Corporate & Institutional Customer Service

Corporate & Institutional Contacts
Risk Management FAQs
Corporate & Institutional FAQs
Site Map
Glossary
Search


Navigation

Corporate & Institutional Section Navigation

Main Sections of the Site

Search