Last update: 26 March 2020
Anyone viewing information on Web pages published by the LGT Bank (Switzerland) Ltd. (hereinafter "LGT") implicitly agrees to the terms and conditions set out below. Any special agreements concerning individual LGT products and services apply in addition to these terms and conditions or, if there is a conflict, take precedence over them.
None of the information on these Web pages is intended for persons or companies from countries in which viewing such information entails any form of registration requirement on LGT's part. Furthermore, persons subject to a jurisdiction that prohibits viewing information on these LGT Web pages are not permitted to view said information.
None of the information on these Web pages in any way constitutes an offer or a solicitation of an offer to buy or sell products or services. It is intended solely for information purposes and for use by the recipient. Accordingly, no orders for financial transactions are submitted via the message window or e-mail will be accepted. Furthermore, none of the information on these Web pages constitutes a recommendation to buy or sell investment products or to enter into transactions of any kind. If you contact us via via the message window or e-mail, we take this as allowance an authorization to contact you in this matter.
Some publications may be advertising material (pursuant to Art. 68 of the Federal Act on Financial Services, Financial Services Act of 15 June 2018) for financial services or for financial instruments. For any financial instruments mentioned, we will be happy to provide you with additional documents at any time and free of charge, such as a key information document pursuant to Art. 58 et seq. of the Financial Services Act, a prospectus pursuant to Art. 35 et seq. of the Financial Services Act or an equivalent foreign product information sheet, e.g. a basic information sheet pursuant to Regulation EU 1286/2014 for packaged investment products for retail investors and insurance investment products (PRIIPS KID).
The information and opinions published on these websites are not to be construed as investment advice or any other kind of advice on legal, tax, financial or other issues. They are not suitable to be used as a basis for decision-making. Please consult a specialized expert before making any decision to take concrete action.
The contents of the LGT Web pages may be amended at any time and without prior notice. The market and investment reports on these Web pages are produced by LGT staff based on information from sources deemed to be reliable. However, LGT offers no guarantee with regard to the content of these reports, which must not be regarded as complete descriptions or summaries of the securities, markets or trends mentioned therein. LGT constantly reviews and updates the information on its Web pages. Despite its best efforts, this information may nevertheless be out of date or based on incorrect data provided by third parties. LGT therefore accepts no liability (including vis-à-vis third parties) for the information provided being up to date, accurate, correct and complete. In particular LGT is not obliged to remove information from its websites that is no longer current or to explicitly identify such information. It is not permitted to retransmit the contents of the websites and pass them on in full or in extract form.
The fact that a user accesses the websites does not make him a client of LGT.
The information contained on the LGT Web pages is not aimed at specific persons; it is intended as general information for readers interested in LGT investment products. Investment products should in any case only be acquired after a detailed study of the current sales prospectuses including the investment regulations and the annual or semi-annual reports. LGT investment products are not licensed for distribution in all countries of the world. The LGT Web pages are not intended for persons who are subject to a jurisdiction that prohibits the publication of or access to LGT Web pages (due to the nationality of the person concerned, his domicile or for other reasons). Persons affected by such restrictions are not permitted to access the LGT Web pages.
In particular LGT investment products have not been registered in accordance with investment companies under the United States Investment Company Act of 1940 (current version) and these securities have not been registered under the United States Securities Act of 1933 (the “Act”). LGT investment products are not offered, sold or delivered in the USA or to US persons (according to the definition in Regulation S of the Act). Nothing herein constitutes an offer or solicitation of an offer to invest in such products in the USA or to US citizens.
Within the meaning of this document the term “USA” includes the United States of America, all its constituent states, territories and possessions as well as all areas under its jurisdiction.
In the United Kingdom only collective investments that are licensed or registered for public distribution in the country may be offered and distributed publicly. LGT investment products are not registered in the United Kingdom. The information on the LGT Web pages is therefore not aimed at British investors (UK residents).
Users must be aware that LGT has no control whatsoever over third-party Web pages linked to or from LGT Web pages and therefore accepts no liability for the content of such Web pages being correct, complete and legally valid or for the products and services offered on such Web pages. LGT's express, written permission must always be sought before including a link to an LGT Web page on a third-party Web page.
LGT reserves the right to make changes and additions to the information provided at any time without prior notice.
The LGT websites are not intended for persons subject to a jurisdiction that prohibits the publication of or access to the LGT websites due to their nationality or domicile or for any other reason. Persons subject to such restrictions may not access the LGT websites. Services and products comprised on this websites may be subject to local legal restriction in the transboundary exchange of services. In this regard it might be restricted to LGT to offer all ser-vices and products in all countries.
The content and structure of these Web pages are protected by copyright. Individual pages and/or sections of the LGT websites may be stored or printed out, provided neither the copyright information nor any legally protected trademarks are removed. Anyone saving software or other data provided on the LGT websites or reproducing it in any other way implicitly agrees to the conditions of use. All intellectual property rights remain with LGT. The LGT websites may be reproduced in full or in part, in particular its text and images, forwarded electronically or by any other means, altered, linked to or otherwise used for public or commercial purposes only with LGT's prior approval.
LGT expressly accepts no liability for losses or damages of any kind arising from using or accessing the LGT websites or links to third-party websites or from viewing information on its Web pages. Furthermore, LGT accepts no liability for any unauthorized manipulation of users' IT systems. LGT expressly draws users' attention to the risk of vi-ruses and the threat of hacker attacks. Using the latest browser version and antivirus software is thus strongly recommended. E-mails from unknown senders should not be opened.
LGT expressly draws users' attention to the fact that data are transferred via public networks such as the Internet or e-mail services, which can be accessed by anyone. LGT cannot guarantee the confidentiality of messages or documents sent via such public networks. Anyone sending personal information (such as senders' and recipients' names and addresses) via a public network should be aware that third parties may be able to view, store and use it without their permission. Third parties may thus be able to deduce existing or prospective accounts and business relationships. Even if the sender and recipient are in the same country, data transferred between them often pass through other countries, including countries that do not offer the same level of data protection as the country in question, without being subject to any controls.
Data may be lost or intercepted by unauthorized third parties during the transfer process. LGT accepts no liability for the security of data transferred via the Internet or for direct or indirect data loss. For data protection and security reasons, users are advised to contact LGT via other means of communication.
When accessing the LGT websites, access data is stored (e.g. log files, IP address, date and time of access, name of the file retrieved, access status, page from which access is gained, top-level domain, web browser used, operating system used). LGT and its group companies outside of Switzerland (“LGT Group”) use this data for statistical purposes, for technical analyses, for the purposes of fine-tuning the server infrastructure, to determine how often the website is accessed and to draw conclusions that will enable improving its user-friendliness and functionality.
This website uses Webtrends Analytics, a web analytics service provided by Webtrends Inc., 851 SW 6th Ave. Suite 1600, Portland, OR 97204, U.S.A. (hereinafter referred to as "Webtrends") and Google Analytics, a service by Google LLC (“Google”), 1600 Amphitheatre Parkway, Mountain View, CA 94043, USA, to analyze data. The cookies used by Webtrends and Google Analytics for analytical purposes do not contain any personal data. Your IP address is truncated on your computer before being transmitted to Webtrends Inc. and Google Analytics in this anonymized form. Webtrends and Google Analytics do not associate your IP address with any other information held by Webtrends or Google Analytics and only passes data on to third parties if required to do so by law.
If personal data (e.g. name, address or e-mail address in connection with a contact form or the ordering of publications) has to be collected and processed in order to use the LGT websites, the personal data will be used for authentication purposes and stored on a data carrier of LGT Group in Liechtenstein. Data that you enter into the relevant text or search fields on the LGT websites is also stored and processed by LGT and LGT Group. This data is used according to its intended purpose. If, in specific cases, your express consent is required in order to process data, you will find a note to that effect in the place concerned.
Within LGT Group, personal data will be transmitted and saved in a protected environment. The appropriate measures will be taken by LGT Group to ensure that personal data cannot be seen by unauthorized third parties.
Positive past performance is not a guarantee of positive performance in the future. The risk of price and foreign currency losses and of fluctuations in return as a result of unfavorable exchange rate movements cannot be ruled out. There is a possibility that investors will not recover the full amount they initially invested. The commission and costs levied when units are issued or redeemed are charged to the investor on an individual basis and are therefore not taken into account in the performance illustrated.
We must explicitly point out that certain investments are subject to a high level of volatility. These types of investments, for instance derivatives, can be exposed to significant price fluctuations, the extent of which corresponds to or even exceeds the amount invested.
Certain special investments may not be directly marketable. It can therefore be difficult for investors to sell such investments, take the profit on them or receive reliable information on their value or risk exposure.
When buying or selling investments entailing a contingent liability you may not only lose the amount you invested, but also be required to pay an additional amount.
Furthermore, prospective investors should inform themselves of the potential tax implications of purchasing, owning and selling investment products in their place of domicile and, if necessary, seek advice locally.
The invalidity, illegality or ineffectiveness of one or more provisions of these terms and conditions of use does not affect the binding nature of the terms and conditions as a whole.
The user’s access to and use of the LGT Web pages and this legal information are governed by Swiss law. Basel shall be the exclusive place of jurisdiction.
Legal information - © LGT Bank (Switzerland) Ltd. - All rights reserved
The OECD agreed to introduce the Common Reporting Standard (CRS) in an effort to create international transparency surrounding relevant account information. Switzerland has laid the necessary legal foundations with the Federal Act of December 18, 2015, on the International Automatic Exchange of Information on Tax Matters (AEIA) (SR 653.1) and the Ordinance of November 23, 2016, on the Automatic International Exchange of Information on Tax Matters (AEIO) (SR 653.11).
The standard makes provision for the mutual exchange of information on financial accounts between states that have agreed to AEOI. Aside from Switzerland, over 100 states, including all major financial centers, have declared their intention to adopt the standard.
Switzerland has been collecting data since January 1, 2017, and will exchange it for the first time in 2018.
The current list of all partner states with which Switzerland has signed an AEOI agreement is published on the website of the State Secretariat for International Financial Matters: list of all partner states
Valid from February 2020
The protection of your personal data is very important to us. We process your data in accordance with the EU General Data Protection Regulation (“GDPR”), and the Data Protection Act. In this data privacy notice we inform you of the most important aspects pertaining to the processing of your data, which we collect when you use our website, social media profiles, mobile apps or any other web applications. This data privacy notice also explains some of the measures used to ensure the confidentiality of the data transmitted and to protect your privacy.
This data privacy notice applies to the website of LGT Group (“Website”). We reserve the right to amend this data privacy notice without prior notice of any changes (e.g. legal circumstances, product or services offering, data processing policy). Any amendments become applicable from the time they are published on the Website. Some pages may contain links to other providers (“Third-party Providers”) within and outside LGT Group, to which this data privacy notice does not apply. The conditions and data privacy notices of the respective Third-party Providers apply for the linked websites and content. We assume no liability in connection with linked third-party websites.
If you establish contact with us by e-mail or by using the contact form provided on the Website, your data are used for processing or post-processing of the inquiry, to establish contact and for technical administration purposes.
We collect and use personal data on the Website in order to improve the information, products and services provided, to further align our business processes with the needs of clients and visitors to the Website (“Visitors”) and to ensure efficient access to information and online banking applications.
When you use the Website, access data are stored (e.g. log files, IP address, date and time of access, name of the requested file, access status, page from which access is gained, top-level domain, web browser used, operating system used). We use these data for statistical purposes, for technical analysis, to optimize the server infrastructure, to ascertain the frequency of access and to improve user-friendliness and functionality.
The Website uses what are known as cookies. Cookies are small text files that are stored by the browser on your end device. They do not cause any damage, and serve only to make it easier for you to use and individualize the Website.
If you do not wish for cookies to be used, you can set up your browser so that it informs you about the setting of cookies and enables you to allow this on a case-by-case basis. In addition, the most commonly-used browsers have a settings option enabling you to block or to disable cookies. Instructions on how to manage cookies on your browser can usually be found under the browser’s help function or in the instruction manual of your end device. For the most commonly-used browsers, instructions on how to disable cookies can also be found at the following links:
- Internet Explorer: https://support.microsoft.com/en-us/help/17442/windows-internet-explorer-delete-manage-cookies
- Firefox: https://support.mozilla.org/en-US/kb/enhanced-tracking-protection-firefox-desktop
- Chrome: https://support.google.com/chrome/answer/95647?hl=en&hlrm=en
- Safari: https://support.apple.com/guide/safari/manage-cookies-and-website-data-sfri11471/mac
- Opera: https://help.opera.com/en/latest/web-preferences/#cookies
Rejecting or disabling cookies, can, however, restrict the functionality of the Website.
Some cookies are necessary in order for the Website to function. Technically essential cookies remain stored on your end device for the intended duration (see table) or until you delete them.
You can delete technically essential cookies from your browser after using the Website.
We use the following cookies:
|Cookie name (type)||Provider||Description||Duration|
|AL_SESS_PR-S (HTTP)||LGT||Stores an identifier to assign page views to a specific user session (Session ID).||Session|
|jmaCPVideo (HTTP)||LGT||Stores the domicile selected to prevent certain citizens from viewing the footage.||30 days|
|lgtdomicil (HTTP)||LGT||Stores the domicile selected.||30 days|
|LGT-Cookie (HTTP)||LGT||Stores the cookie banner settings and the settings for external content (maps, videos).||365 days|
|lgtInternetQueryMedian (HTTP)||LGT||Used to store the user’s search history.||Session|
|lgtInternetQueryOldest (HTTP)||LGT||Used to store the user’s search history.||Session|
|lgtInternetQueryRecent (HTTP)||LGT||Used to store the user’s search history.||Session|
We strive to continuously improve the Website. To this end, cookies are used for website and performance analysis. These are cookies that provide us with overall statistics on the number of Visitors, the pages visited, etc. As a result, we receive statistical analyses, which we use to establish whether the Website is designed to meet the intended needs. Our providers are not able to identify you or to establish a connection with your person during this process.
We use the following cookies:
|Cookie name (type)||Provider||Description||Duration|
|_ga (HTTP)||Google Analytics||Serves to distinguish between users. Registers a unqiue ID to generate statistical data on how a visitor uses the website.||2 years|
|_gat (HTTP)||Google Analytics||Used to restrict the frequency of queries to Google Analytics.||1 minute|
|_gid (HTTP)||Google Analytics||Stores an identifier to associate requests with a particular logged-in user session.||24 hours|
|__hssrc (HTTP)||assessfirst.com||Enables visitors and traffic sources to be counted and to thus improve the performance of our website. This cookie helps to determine which pages are the most and least visited and how visitors move around the website. All information collected by this cookie is anonymous.||Session|
You can prevent the use of statistic cookies by not selecting “Statistics” in the “Cookie information” pop-up that appears when you visit the Website and clicking on “Confirm selection”
When you visit some of our pages, targeting service providers may store temporary cookies on your mobile end device that are automatically deleted after a specified period of time. Targeting refers to processes that enable the display of target group-specific or individualized content on websites. These cookies contain a machine-generated alphanumeric identifier that does not allow any conclusions to be drawn about your person or your end device’s IP address.
We use the following cookies:
|Cookie name (type)||Provider||Description||Duration|
|_sp_id.2b40 (HTTP)||Wistia.com||Used by Wistia to generate anonymized statistics on the use of videos.||1 year|
You can prevent the use of marketing cookies by not selecting “Marketing” in the “Cookie information” pop-up that appears when you visit the Website and clicking on “Confirm selection”.
Third-party content and services may be incorporated into the Website (known as externally embedded components or plugins/widgets). These always require that the Third-party Providers of such content use Visitors’ IP addresses, as no content can be sent to the Visitor's browser without the IP address.
In order to share website content via social media channels (Facebook, Twitter, etc.), a cookie must be installed on your end device. Once you have used this function, the responsibility for further data processing lies with the respective Third-party Provider. By clicking on the symbol, you consent to communication with the relevant platform and the transmission of information to the third-party provider in question.
We have no control over the amount of information that these Third-party Providers collect by means of the button or as a result of your use of pages that incorporate certain third-party services. If you use the services of Third-party Providers, the responsibility for the further processing of data lies with the respective third-party provider.
On the Website, we use the following third-party products for these purposes:
4.1 Google Analytics provided by Google LLC, 1600 Amphitheatre Parkway, Mountain View, CA 94043, USA ("Google").
4.2 Wistia-Videos provided by Wistia Inc., 17 Tudor Street, Cambridge, MA 02139, USA
4.3 Google Maps provided by Google Maps (API) of Google LLC., 1600 Amphitheatre Parkway, Mountain View, CA 94043, USA (“Google”) shows our locations and makes it easier to find your way to us.
Content from Google Maps is blocked on the Website by default. You can prevent Google Maps from using cookies by not clicking on the “Load Map” button that appears on the maps. By clicking on the “Load Map” symbol or the “Always allow Google Maps” box, you consent to the setting of cookies and the transfer of personal data to Google Maps.
You can subscribe to our newsletter on the Website. To this end, we require your e-mail address and potentially further information for personalization purposes as well as your confirmation that you agree to the newsletter subscription.
Once you have subscribed to the newsletter, you will receive a confirmation e-mail containing a link to confirm the subscription.
You can cancel your newsletter subscription at any time by clicking on the corresponding link in the newsletter. Your data collected in connection with the mailing of the newsletter will then be deleted, unless you have granted explicit consent to the continued use of your data or we have reserved the legal right to continue to use your data.
The mailing of our newsletters and the processing of the data of the newsletter recipients is carried out by contracted providers based in the EU, who are obligated to comply with the GDPR.
Due to cookies, the IP data of the owner of the connection is stored when visiting the Website. Under certain circumstances, personal data such as the Visitor's name and address may also be collected via input masks.
Visitors to the Website are informed of the collection of personal data on the respective pages. We use personal data for whose processing you have granted us consent (e.g. when subscribing to newsletters or ordering brochures) or that are necessary for the performance of a contract or the initiation of business contact.
Personal data that we collect via the Website are only used in accordance with the purpose that results from the page in question and will be stored until this purpose has been fulfilled. In the event of the conclusion of a contract, the data from the contractual relationship will be stored until the statutory retention or limitation periods have expired.
The data collected on the Website that have been entered by you are forwarded to the competent unit within LGT Group. The data remain confidential during this process. The data are not disclosed to third parties, unless required (e.g. the mailing of newsletters or brochures by a provider).
The use of state-of-the-art security software and certified encoder and encryption procedures ensure that our IT infrastructure complies with international security standards. We have also implemented additional comprehensive security measures and technical as well as organizational measures to protect your data against loss, unauthorized access and misuse in accordance with state-of-the-art technology for Internet access to accounts and custody accounts.
Irrespective of the measures taken to protect your data, data protection and confidentiality may be limited when data is processed via universally accessible media. When using the Internet to send transmissions from a computer, mobile phone or another end device, it cannot by its nature be excluded that third parties can obtain access to your data and in so doing, can draw inferences concerning possible business relationships, or that personal data are transmitted to third countries without our cooperation or knowledge.
We recommend that particularly sensitive data, especially personal data and data relating to client relationships (account, custody account, transactions, etc.), be transmitted only via secure communication channels. Due to the risks involved, your entry or transmission of personal or business data within the scope of the Website or other digital services is done voluntarily and without any assurances. We do not accept any liability for direct and indirect damages arising in connection with the use of the Website, digital services or their contents.
Your data are processed on the basis of a legitimate interest (Art. 6 para. 1 (f) GDPR) for the following purposes:
- As the operator of the Website, we have a legitimate interest in the effective design of the Website, the highest degree of stability and functionality of the Website, the statistical analysis of visitor behavior for optimization and marketing purposes, the targeted advertising or personalized direct advertising and the secure, user-friendly mailing of newsletters.
- Due to the legitimate interest of a Third-party Provider (e.g. Google, Wistia) to incorporate personalized advertising based on Visitors’ surfing behavior or on market research. The Third-party Providers have undertaken to observe the Privacy Shield Framework between the EU and the US regarding the collection, use and storage of personal data from EU member states.
Where required, your data can also be processed for the purposes of performance of a contract or the initiation of business contact or on the basis of your explicit consent.
You have the following data subject rights with regard to your personal data (Art. 15 to 21 GDPR):
- The right to information: you can request information about whether and to what extent we process your personal data.
- The right to rectification, erasure and restriction of processing: you can have inaccurate or incomplete personal data rectified or you can demand that your data be erased (e.g. if they are no longer necessary, you have withdrawn your consent, or these data are being unlawfully processed) or that the processing thereof be restricted.
- Right of revocation: you can revoke your consent for the processing of your data at any time. The revocation of consent is only effective for the future and does not have any impact on the lawfulness of the data processed until the time of revocation. Revocation also has no impact on data processing conducted based on a different legal basis.
- Right of data portability: you can have the data which you have provided to us transmitted in a structured, commonly-used and machine-readable format.
- Right to lodge a complaint: if you feel that your rights have been violated by our data processing, you can lodge a complaint with the Liechtenstein Data Protection Office or another supervisory authority of an EU or EEA member state (e.g. in your place of residence or work or in the place where the GDPR was violated).
The contact details of the competent supervisory authority are:
Office of the Federal Data Protection
and Information Commissioner FDPIC
Phone: +41 58 462 43 95
- In individual cases: if the processing of your data is carried out in the public interest or to safeguard legitimate interests by us or a third party, you can object to this processing at any time on grounds relating to your particular situation.
- Direct marketing: you can object informally to the use of your data for direct marketing purposes. In the case of such an objection from you, we shall no longer process your data for such purposes.
Please contact us at the following address if you have any questions regarding data protection or wish to exercise your rights:
LGT Group Holding Ltd.
Data Protection Officer
Phone: +423 235 11 22
Update: May 22, 2019
Please find the current version of the data privacy notice for natural persons (hereinafter referred to as the “Data Privacy Notice”) below. The Data Privacy Notice provides an overview of the processing of personal data in private banking and as part of the recruitment process and the resulting rights of the natural persons concerned in accordance with the provisions of the EU General Data Protection Regulation.
The document also contains the contact details of our data protection officer and the relevant data protection authority.
We reserve the right to amend or update the Data Privacy Notice from time to time and to publish it on the aforementioned website (the respective date of update can be found at the top of the Data Privacy Notice).
If you have any questions, please do not hesitate to contact your relationship manager. You can find information on the controller and the contact details of the data protection officer in the Data Privacy Notice.
The new Swiss Financial Services Act (FinSA) came into force on 1 January 2020. Its main purpose is to strengthen client protection in the Swiss financial market, which at the same time enhances the competitiveness of the Swiss financial center.
Please note that LGT Bank (Switzerland) AG makes use of the transitional periods granted by law to implement the conduct and organizational obligations under FIDLEG.
LGT Bank (Switzerland) AG and its supervisory authority
LGT Bank (Switzerland) AG is a Swiss private bank and part of the LGT Group. The bank is subject to the Swiss Banking Act (BankG) and is supervised by the Swiss Financial Market Supervisory Authority (FINMA).
LGT Bank (Switzerland) AG
Swiss Financial Market Supervisory Authority FINMA
Phone: +41 31 327 98 88
Further details on the individual branches of LGT Bank (Switzerland) AG can be found under the following link:
Risks Involved in Trading Financial Instruments and further documents
The Swiss Bankers Association has provided general information on typical financial services in the investment field and the risks involved in trading, buying, selling and safekeeping financial instruments, as well as a relevant glossary, clearly presented in the brochure "Risks Involved in Trading Financial Instruments" of November 2019. This new brochure replaces the publication "Special Risks in Securities Trading" from 2008.
Risks Involved in Trading Financial Instruments (November 2019)
You will also find various additional documents on the subject of investor protection on our website. If you have any questions, please contact your Relationship Manager.
Information on the Swiss Banking Ombudsman
We make it our mission to ensure that our clients are satisfied.
Nevertheless, please do not hesitate to contact your relationship manager directly if you do have
cause to complain about a service.
You as our client may also contact the out-of-court arbitration body in the financial services sector, the Swiss Banking Ombudsman.
Swiss Banking Ombudsman
Are my deposits protected under the deposit insurance esisuisse? Yes, like any bank and any securities firm in Switzerland, LGT Bank (Switzerland) Ltd. is required to sign the Self-regulation "Agreement between esisuisse and its members". This means clients’ deposits are protected up to a maximum of CHF 100,000 per client. Medium-term notes held in the name of the bearer at the issuing bank are also considered deposits. Depositor protection in Switzerland is provided by esisuisse, and the depositor protection system is explained in detail at www.esisuisse.ch.