Futures trading carries a high degree of risk.

As such transactions are highly leveraged or geared, relatively small market movements will have a proportionately larger impact on the funds deposited; this may work both for and against you.

You may sustain a total loss of initial margin funds and any additional funds deposited to maintain your position, and may face calls to top up your margin at short notice, failing which your position may be liquidated at a loss.

Other risks include possible illiquid market conditions, cross-jurisdictional risks affecting any margin deposited by you, currency risks and the inherent risks of electronic trading facilities.

This brief statement does not disclose all the material risks of futures trading.

Potential investors may wish to seek their own legal, financial and other advice from qualified professionals.

The above is not to be used or considered as an offer, or invitation to offer, to trade in any of the products or markets referred to herein, and does not constitute a recommendation by the Bank or UOB Bullion and Futures to enter into any transaction or any form of commitment to enter into any transaction.

The Bank and UOB Bullion and Futures have not taken any steps to ensure that futures trading is suitable for you and unless the Bank or UOB Bullion and Futures otherwise agrees, the Bank and UOB Bullion and Futures are not acting as your adviser or in any fiduciary capacity in respect of any proposed transaction.

Nothing herein constitutes investment, legal, accounting or tax advice, or a representation that futures trading is suitable for or appropriate to your investment objectives, financial situation and particular needs, or otherwise constitutes a personal recommendation to you.

The above does not purport to identify or suggest all the risks or material considerations which may be associated with futures trading.

As such, it is recommended that before entering into any transaction, you should take steps to ensure, without reference to the Bank or UOB Bullion and Futures, that you have a full understanding of the terms, conditions and risks thereof and are capable of and willing to assume those risks in the light of your own investment objectives, financial situation and particular needs.

In particular, you are advised to read the Margin Trading Agreement carefully, especially the Risk Disclosure Statement contained therein.

If you are in doubt as to any aspect of futures trading, please consult your own legal, regulatory, tax, business, investment, financial and accounting advisers.

While based on information believed to be reliable, the above information and all downloadable documents are provided on an "as is" basis.

The Bank and UOB Bullion and Futures do not make any representation or warranty as to the accuracy, timeliness or completeness of the information contained therein.

The Bank and its affiliates, connected or related companies, directors, employees or clients may have an interest in the above product or its related products or other financial instruments, or derivatives (collectively, the "Products") including, in relation to the Products, marketing, dealing, holding, acting as market-makers, performing financial or advisory services, acting as a manager or co-manager of a public offering.

The Bank, its affiliates, connected or related companies, directors or employees may also have alliances, contractual agreements, or broking, investment banking or other relationships for the provision of financial services, with any product provider mentioned in this document.

This product is not a deposit and is not covered under the Singapore Government's guarantee on all Singapore Dollar and foreign currency deposits of individuals and non-bank customers in banks, finance companies and merchant banks licensed by the MAS(which is in effect until 31 December 2010).