Disclosures required under Article 37 of Japan’s Financial Instruments and Exchange Law (see https://www.gs.com/disclaimer/ibd-mbd-japanese.html for disclosures in Japanese)
When transactions involving financial instruments are being discussed in conjunction with this document, you should thoroughly read the all the materials on financial instrument transactions in addition to this document. When entering into a transaction involving financial instruments, you may be required to pay a predetermined commission fee on specific instruments (for example, in the case of equities, a brokerage commission based on the commission rate agreed between you and Goldman Sachs plus consumption tax, and in the case of investment trusts, sales commission fees predetermined per individual product and general fees such as trust fees). All financial instruments entail particular risks, and holders of these instruments can incur significant losses or payment obligations as a result of changes in domestic or overseas political, economic, or financial conditions, foreign exchange markets, equities markets, commodity markets, interest rate levels, the creditworthiness of the issuer, and other underlying assets designated as reference indices. Furthermore, in the case of transactions involving derivatives, Goldman Sachs will require you to deposit an agreed sum as a security deposit, and may require additional security deposits, and the amount of the transaction may exceed the amount of the security deposit. (The proportion of the security deposit relative to the notional amount of the transaction could not be calculated unless the terms and conditions of the transaction have been determined) Changes in the underlying assets designated as reference indices mentioned above may result in losses or payment obligations in excess of the security deposit. Furthermore, difference may exist between the equivalent of bid price and offer price described under Article 6-1, No. 6 of the Enforcement Order for the Financial Instruments and Exchange Law, depending on the type of transaction. Inherent risks and commission fees differ for each instrument. Please read the pre-trade documentation, prospectus or customer information thoroughly. Some instruments carry rights which could be exercised during a specific period. Please remember that the period during which rights could be exercised is limited. In the case of instruments with early cancellation, automatic or other early termination clauses, the transaction may terminate before the original maturity date. Goldman Sachs Japan Co., Ltd. is a Financial Instrument Dealer registered with the Kanto Financial Bureau under registration number Kinsho 69, and a member of Japan Securities Dealers Association, Financial Futures Association of Japan and Type II Financial Instruments Firms Association.
Notice to Specified Investors (tokutei toushika) Who Can Opt To Be Reclassified as General Investors (ippan toushika)
If you are a specified investor who can opt to be reclassified as a general investor, you are entitled to apply to be treated as a general investor in respect of the contracts regarding financial instruments business for each of the following contract categories: (1) contracts for securities transactions, etc., (2) contracts for derivatives transactions, etc. (Note: If you intend to apply to be classified and treated as a General Investor, please notify your GSJCL salesperson accordingly so that we may deliver to you the application form.)
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