Last update: March 13, 2018
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.
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 Despite its best efforts, this information may nevertheless be out of date or based on incorrect data provided by third parties.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 May 2018
The protection of your personal data is especially important to us. We therefore process your data in accordance with the lawful basis provided by the legal provisions (General Data Protection Regulation "GDPR", Data Protection Act "DPA"). With this data privacy notice we would like to inform you of the most important aspects pertaining to the processing of your personal data which we collect when you use our website, social media profiles, mobile apps or any other web applications. We would also like to explain some of the measures used to ensure the confidentiality of the transmitted data and to protect your privacy.
This data privacy notice applies to the website of the LGT Group. We reserve the right to amend this data privacy notice without prior notice in order to adapt it to changed legal circumstances or changes to our range of services and products or data processing policy. Amendments enter into force when they are published on our website. Some pages may contain links to other providers within and outside the LGT Group, to whom this data privacy notice does not apply. We do not accept any liability whatsoever for the contents of such sites.
If you establish contact with us by e-mail or by using the form provided on the website, the data provided are processed in order to handle the inquiry, to establish contact and for technical administration purposes.
We collect, process and use personal data on our website in order to offer you even better information, products and services, to align our business processes even more to our clients, and to guarantee efficient access to information and online banking applications.
When you use the LGT website, access data (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) are stored. We use these data for statistical purposes, for technical analysis, to improve the server infrastructure, to ascertain the frequency of access, and to draw conclusions about improving the user-friendliness and functionality of the website.
Our website uses what is known as cookies. Cookies are small text files that are saved by the browser on your computer. They do not cause any damage, but serve only to make it easier for you to use and individualize the website.
Some cookies remain stored on your computer until you delete them. They allow us to recognize your browser when you visit our website again. These include, for example, cookies which are technically necessary for the functioning of our website or which offer a service or option requested by you, e.g. a cookie that stores your personal settings, such as the language selected by you.
For this purpose, we use the following third-party service providers on our website:
a. Google Analytics provided by Google LLC, 1600 Amphitheatre Parkway, Mountain View, CA 94043, USA ("Google")
The cookies used for analysis by Google Analytics do not contain any personal data. Your IP address is abbreviated directly on your computer. Your IP address is sent to Google Analytics in this anonymized form. Google Analytics will not link your IP address to other information held by Google Analytics and will only pass on data to third parties where this is provided for by law.
You can refuse permission for Google Analytics cookies to be used in future at any time by clicking on this opt-out link:
- Opt-out Google Analytics: https://support.google.com/analytics/answer/181881?hl=de
b. Webtrends Analytics provided by Webtrends Inc., 851 SW 6th Ave. Suite 1600, Portland, OR 97204, USA (“Webtrends”)
The cookies used for analysis by Webtrends do not contain any personal data. Your IP address is abbreviated directly on your computer. Your IP address is sent to Webtrends in this anonymized form. Webtrends will not link your IP address to other information held by Webtrends and will only pass data on to third parties where this is provided for by law.
You can refuse permission for Webtrends cookies to be used in future at any time by clicking on the following opt-out link:
- Opt-out Webtrends: https://ondemand.webtrends.com/support/optout.asp
When visiting some of our sites, providers of targeting services can store temporary cookies on your computer's hard disk or your mobile device, which will be automatically deleted after a specified period. These cookies contain computer-generated alphanumeric identifiers that do not permit any conclusions about your person or the IP address of your computer. You can prevent the use of targeting cookies by changing your browser settings so that no cookies are stored.
The above cookies are used to collect anonymized data that make it possible to analyze the use of our website.
To enable you to share the contents of our website via social media channels (Facebook, Twitter, etc.), a cookie has to be installed on your computer. Once this function has been activated, the relevant third-party provider is responsible for the further processing of the data.
Our website can also be used without cookies. However, the functionality of our website may be limited if you do not allow or disable cookies. If you do not wish any cookies, you can change your browser settings to notify you when a cookie should be set, which will allow you to approve cookies on an ad hoc basis only. You can also set your web browser to automatically disable cookies. Please note that most browsers offer different options for protecting your privacy. As a rule, instructions for managing cookies in your browser are available in the browser's Help function or in the instruction manual for your computer. Instructions for disabling cookies in the most common browsers can be found at the following links:
- Internet Explorer: http://windows.microsoft.com/de-DE/windows-vista/Block-or-allow-cookies
- Firefox: https://support.mozilla.org/de/kb/cookies-erlauben-und-ablehnen
- Chrome: http://support.google.com/chrome/bin/answer.py?hl=de&hlrm=en&answer=95647
- Safari: https://support.apple.com/kb/ph21411?locale=de_DE
- Opera: http://help.opera.com/Windows/10.20/de/cookies.html
Third-party contents and services can be incorporated into our website (known as externally embedded components or plugins/widges). These always require that the third-party providers of these contents use the visitor’s IP address, as no contents can be sent to the visitor's browser without the IP address.
If you click on the relevant symbol, you consent to communication with the relevant platform and the transmission of information to the third-party provider in question. This does not apply to the following services, where data are transmitted to the relevant third-party provider without you having to click on the relevant symbol:
a. Youtube videos provided by Google LLC., 1600 Amphitheatre Parkway, Mountain View, CA 94043, USA (“Google”)
If you click on pages incorporating YouTube videos, a connection is established to Google's “DoubleClick” network.
As soon as you go to a site incorporating a Youtube video, cookies are activated to collect information on user behavior. Google uses these data to create and analyze user profiles. If you have a Google account and are logged in to this account, your data are also linked to your Google account. You have the right to object against the creation of user profiles, which you can exercise towards Google.
b. Google Maps provided by Google Maps (API) of Google LLC., 1600 Amphitheatre Parkway, Mountain View, CA 94043, USA (“Google”) to show our locations and to make it easier to find your way to us
If you click on pages incorporating maps provided by Google Maps, data (e.g. IP address) are transmitted to and stored on Google's systems in the US. Google uses these data to create and analyze user profiles. If you have a Google account and are logged in to this account, your data are also linked to your Google account. You have the right to object against the creation of user profiles, which you can exercise towards Google.
You can prevent the future transmission of your data when you use Google Maps by disabling the web service of Google Maps in your browser.
We have no control over the scope of the data that are collected by the relevant third-party providers with the help of their plugins or your use of websites that incorporate certain services offered by third-party providers. If you use the services of third-party providers, the relevant third-party provider is responsible for the further processing of the data.
You can subscribe to our newsletter on our website. To this end we need your e-mail address and your confirmation that you agree to the newsletter subscription.
To provide you with targeted information, we also collect and process information on your areas of interest, date of birth, place of residence, etc. that are voluntarily provided by you.
Once you have registered for the newsletter, we send you a confirmation e-mail with a link that must be used to confirm the registration.
You can cancel your newsletter subscription at any time. Please send your cancellation to the following e-mail address: firstname.lastname@example.org, or click on the link provided in the newsletter. We will immediately delete your data collected in connection with the newsletter subscription, unless you explicitly consent to the continued use of your data or we have reserved a legally permitted right to continue to use your data.
The newsletter is sent out by internal LGT units.
When you visit our website, please note that the IP data of the telephone subscriber are stored in connection with cookies. Under certain circumstances, personal data such as the name and address of the visitor can also be collected (via input screens).
In accordance with the provisions of data protection law, visitors to our website are informed of every use of personal data collected on the website that goes beyond targeting. We collect, use and process personal data that are needed for the performance of a contract or the initiation of business contact or on the basis of your explicit consent, which can also be given electronically (e.g. when ordering brochures).
We collect, use and process personal data for the purposes indicated and in accordance with the following lawful basis. Where the processing of the data is based on your explicit consent (e.g. subscription to a newsletter), you can withdraw your consent at any time with future effect. Personal data provided to us via our website are only stored until the purpose for which they were provided has been achieved. If a contract is concluded, the data relating to the contractual relationship are stored until the expiry of the statutory safekeeping or limitation periods.
Upon capture by you, the information collected on this website is forwarded to the competent unit within the LGT Group. The data remain confidential during this process. The data are not disclosed to third parties, unless this is required to meet a request (e.g. the sending of brochures or newsletters by a service provider). Personal data are only used for the purpose given on the relevant page of our website where your data were collected. 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 safeguards 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.
Regardless of the measures taken to protect your data, it is true that data protection and confidentiality in data processing can be limited for media that are universally accessible. When using the Internet to send transmissions from a computer, mobile phone or another device, it cannot by its nature be excluded that third parties can obtain access to your data and can draw inferences concerning a possible business relationship, or that personal data are transmitted to third countries without our support or knowledge.
We also have to point out that very sensitive information and data, in particular personal or account data, should only be transmitted via secure communication channels. The capture and/or transmission of personal or business data on our website or in the context of another digital service is done voluntarily, without any assurances and in full knowledge of the associated risks. We do not accept any liability whatsoever for direct and indirect damage or loss incurred as a result of using our website, the digital services or their contents.
Your data are processed for the purposes of a legitimate interest (Art. 6 para. 1 (f) GDPR):
- pursued by us, in processing your request, achieving the highest degree of stability and functionality for our website, effectively designing our website, preparing statistical analyses of visitor behavior for optimization and marketing purposes, ensuring the secure and user-friendly dispatch of our newsletter, engaging in targeted advertising or personalized direct advertising, or
- pursued by a third-party provider (e.g. Google, Youtube) in incorporating 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 necessary, 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 protection rights with regard to your personal data (Art. 15 to 21 GDPR):
5.1 Right of access
You can request information from us on whether and to what extent your personal data concerning you are being processed (e.g. categories of personal data concerned, purpose of processing, etc.)
5.2 Right to rectification, erasure and restriction of processing
You have the right to obtain without undue delay the rectification of inaccurate or incomplete personal data concerning you. In addition, your personal data must be erased if these data are no longer necessary in relation to the purposes for which they were collected or processed, you have withdrawn your consent or these data are being unlawfully processed. Furthermore, you have the right to obtain restriction of processing.
5.3 Right of withdrawal
You have the right to withdraw your consent for the processing of your personal data for one or more specific purposes at any time if processing is based on your explicit consent. This shall also apply to the withdrawal of declarations of consent that were submitted before the GDPR came into effect, i.e. before 25 May 2018. Please note that the withdrawal of consent is only effective for the future. Processing that was carried out before the withdrawal is not affected. The withdrawal does not have any effect on data processing based on other legal bases either.
5.4 Right to data portability
You have the right to receive your personal data, which you have provided to us, in a structured, commonly used and machine-readable format and to have these data transmitted to another controller (e.g. another bank).
5.5 Right to lodge a complaint
You have the right to lodge a complaint with the competent supervisory authority. You may also contact another supervisory authority of an EU or EEA member state, for example in your habitual residence, place of work or the place of an infringement of the GDPR.
The contact data for the competent supervisory authority are:
Data Protection Office Liechtenstein
Phone: +423 236 60 90
5.6 Right to object
In individual cases
If the processing of your personal data is carried out in the public interest or to safeguard the legitimate interests of LGT or a third party, you have the right to object, on grounds relating to your particular situation, at any time to this processing.
You have the right to object informally to the use of your personal data for direct marketing purposes at any time. Where you object to this type of processing, we shall no longer process your personal data for such purposes.
You can contact us at the following address if you have any questions regarding individual data processing activities or wish to exercise your rights:
LGT Group Holding Ltd.
Data Protection Officer
Phone: +423 235 11 22
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.
Are my deposits covered by the deposit insurance scheme? Yes, like any bank or securities dealer in Switzerland, LGT Bank (Switzerland) Ltd. is required to sign the Agreement by Swiss Banks and Securities Dealers on Deposit Insurance and as such is a member of esisuisse. Client deposits held with Swiss branches of the bank are protected for up to CHF 100,000 per client, per bank. Deposits also include medium-term notes held in the name of the depositor at the issuing bank. All relevant information on the deposit insurance can be found at www.esisuisse.ch.