Covered Bonds - Terms of Access

Fédération des caisses Desjardins du Québec's Structured Covered Bond Program and Legislative Covered Bond Program - Terms of Access

Please read carefully the following terms and conditions that govern your access to and use of this website. By accessing this website and the information contained herein, you agree to be bound by the terms and conditions below. If you do not agree to these terms and conditions, do not access this website or any of the information contained herein.

Content and purpose

This Website has been created to present certain selected information, and to allow access to certain transaction documents, relating to Fédération des caisses Desjardins du Québec's Structured Covered Bond Program (the "Structured Program"), and its Legislative Covered Bond Program (the "Legislative Program" and collectively with the Structured Program, the "Programs") to existing and bona fide prospective investors in covered bonds issued under the Programs. The Legislative Program is registered under the National Housing Act (Canada). The Structured Program relates to bonds issued prior to the Legislative Program introduced by Canada Mortgage and Housing Corporation. It is not registered under the National Housing Act (Canada), it is not subject to the Legislative Program requirements, and it does not constitute a registered covered bond program for purposes of the National Housing Act (Canada).

No CMHC approval

The covered bonds offered under the programs have not been approved or disapproved by Canada Mortgage and Housing Corporation ("CMHC ") nor has CMHC passed upon the accuracy or adequacy of any of the disclosure contained in the documents posted on this site. The covered bonds offered under the programs are not insured or guaranteed by CMHC or the Government of Canada or any other agency thereof.

Investment professionals

The materials on the website are directed, in the UK and in other EEA countries, to persons regarded as market counterparties and intermediate customers and not to private customers, as defined by the rules of the Financial Conduct Authority, who should not rely on the website. Moreover, any investment or services to which the website may relate will not be made available to such private customers. The materials on the website are intended for use by authorized users only and may not be published, copied or distributed to any other person.

No offer or solicitation

Neither this website nor anything contained or referred to herein shall constitute an invitation or recommendation to invest or otherwise deal in, or an offer to sell or the solicitation of an offer to buy or subscribe for, any security. There shall be no sale of any securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to qualification under the securities laws of such state or jurisdiction.

By accessing the website you confirm that you are either (i) not accessing this website from inside the United States and are not a U.S. person (within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act")) or acting for the account or benefit of a U.S. person and are not located in the United States, its territories and possessions, or the District of Columbia, (ii) a "qualified institutional buyer" (within the meaning of Rule 144A under the U.S. Securities Act) or (iii) an institutional "accredited investor" within the meaning of Rule 501(a)(1), (2), (3) or (7) under the U.S. Securities Act.

Other considerations

By accessing the website, you also acknowledge and agree to the following:

  • The materials on the website are historical in nature and only current as of the date of the materials. None of Desjardins Financial Group, Fédération des caisses Desjardins du Québec ("FCDQ") or any other party has any duty to maintain or update any material on the website. Historic performance information with regard to any security is no indication of its future performance.
  • Desjardins Financial Group or FCDQ may cause the materials available on the website to be removed or changed at any time.
  • The website does not provide, nor purport to provide, any financial, investment, tax, accounting or legal advice or recommendation.
  • If any materials on the website are sourced from third parties, including (without limitation) reports and other materials, they have been obtained from sources believed to be reliable, but neither Desjardins Financial Group nor FCDQ warrants their completeness or accuracy. Neither Desjardins Financial Group nor FCDQ has any obligations in respect of such materials (including as to verifying or correcting any information included therein or publishing materials related thereto). Posting such third party materials on the website does not imply any endorsement, adoption of or responsibility by either Desjardins Financial Group or FCDQ for the information contained therein, or any representation regarding the content of any such materials.

Use of information

The information and data contained herein is confidential and is intended solely for your benefit and for your internal informational use only and may not be reproduced, disseminated or distributed in whole or in part at any time, in any manner or for any purpose, without obtaining the prior written consent of Desjardins Financial Group or FCDQ in each specific instance.

Investment considerations

These documents are posted to provide certain information to investors relating to securities issued under the Structured Program and the Legislative Program. The information contained on this website is not sufficient or complete to make a decision regarding investment in any securities.

Prospective investors should consult their own financial and legal advisors about risks associated with investment in a particular issue of securities and the suitability of investing in such securities in light of their particular circumstances.

Legal considerations

The distribution of material on this website may be restricted by local law in jurisdictions and failure to comply with such restrictions may constitute a violation of the laws of any such jurisdiction. Persons accessing this website should inform themselves about, and observe any such restrictions. In particular, no information contained in this website is for distribution directly or indirectly in Australia or Japan.

No liability

The material on this website has no regard to the specific investment objectives, financial situation or particular needs of any recipient. The information is historical in nature and should not be relied on when making any investment decision.

Neither Desjardins Financial Group nor FCDQ will under any circumstances be liable to the user or any third party, regardless of the form of action, for any lost profits or lost opportunity, or any indirect, special, consequential, incidental or punitive damages whatsoever.

The information contained herein has been obtained and based upon sources (internal and/or external) believed by Desjardins Financial Group or FCDQ to be accurate, without having conducted any independent investigation, and reflects Desjardins Financial Group or FCDQ's views only as of the date of such information. Neither Desjardins Financial Group nor FCDQ makes any representation or warranty, express or implied, in relation to the accuracy, completeness or reliability of the information contained herein, including the future performance of any security, investment or strategy presented and the information contained herein should not be relied upon as such. Past performance, statistical or historical data contained herein should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. Actual outcomes and results may differ materially from what is expressed or implied herein. Neither Desjardins Financial Group nor FCDQ is under any obligation to update or keep current the information on this site or to notify any party in respect thereto. No liability whatsoever is or will be accepted by Desjardins Financial Group or FCDQ for any loss or damage (including the avoidance of any losses) howsoever arising from any use of this site or its contents. Notwithstanding the foregoing, in accordance with Commission Delegated Regulation (EU) 2016/301, article 6(4)(b), this limitation of liability shall not apply to investors in the context of accessing the electronic form of the published covered bond prospectuses in relation to the Legislative Program of la Fédération des caisses Desjardins du Québec through this site.

This agreement is governed by the internal laws of the Province of Quebec.

Your acceptance of these Terms of Access shall be deemed to satisfy any requirement of applicable law that this agreement have a writing.

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