SAP and Goldman Sachs Innovate to Offer
Global Payments on Ariba Network
Terms & Conditions
Transaction Banking services will be offered by Goldman Sachs Bank USA (“GS Bank”) and its affiliates. GS Bank is a New York State chartered bank and a member of the Federal Reserve System and Member FDIC, as well as a swap dealer registered with the CFTC. It is a wholly-owned subsidiary of The Goldman Sachs Group, Inc. (together with its subsidiaries, “Goldman Sachs”) and leverages the resources of Goldman Sachs subject to legal, internal and regulatory restrictions. Information contained herein does not constitute an offer by GS Bank or any of its affiliates. Goldman Sachs is not providing any financial, economic, legal, accounting, investment, tax advice or recommendations. No part of this material may, without Goldman Sachs’ prior written consent, be (i) copied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorized agent of the recipient. Subject to FDIC rules, regulations, and limitations. For more information on how FDIC insurance coverage works visit www.fdic.gov. © 2019 Goldman Sachs. All rights reserved.
This document is confidential and may have been prepared by personnel in the Investment Banking Division of one or more affiliates of The Goldman Sachs Group, Inc.
("Goldman Sachs", “We” or “us”) and is not the product of the Global Investment Research Division. It is not a research report and is not intended as such.
Non-Reliance and Risk Disclosure: This material should not be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. We are not soliciting any action based on this material. It is for the general information of our clients and the terms and conditions of any transaction if between us, if any were to take place, would be subject to further discussion and negotiation between us. It does not constitute a recommendation and may not take into account the particular investment objectives, financial conditions, or needs of individual clients. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. We do not provide tax, accounting, or legal advice to our clients, and all investors are advised to consult with their tax, accounting, or legal advisers regarding any potential investment. This material is for the general information of our clients. The material is based on information that we consider reliable, but we do not represent that it is accurate, complete and/or up to date, and it should not be relied on as such and Goldman Sachs shall not be responsible for errors or omissions that may occur. We will not update or amend or be obligated to update or amend such information following the date it was delivered to you. Goldman Sachs shall have no liability, contingent or otherwise, to any recipient or to third parties, for the quality, accuracy, timeliness, continued availability or completeness of, or otherwise in connection with, any information provided to you.
The receipt of this document by any recipient is not to be taken as constituting the giving of financial, investment or any other advice by Goldman Sachs to that recipient, nor to constitute such person a client of Goldman Sachs. No person shall be treated as a client of Goldman Sachs, or be entitled to the protections afforded to clients of Goldman Sachs, solely by virtue of having received this document.
Information Not for Further Dissemination: You are notified that any unauthorized use, dissemination, distribution or copying of this communication or its contents, including pricing information, in whole or in part, is strictly prohibited. Further, unless prohibited by local law, any use, review or acceptance of this information is subject to and manifests your agreement with Goldman Sachs to use such information only in accordance with the terms set forth above. Goldman Sachs has caused its proprietary information to be delivered to you in reliance upon such agreement.
Risk Disclosure Regarding futures, options, equity swaps, and other derivatives as well as non-investment-grade securities and ADRs: If you have any questions about whether you are eligible to enter into these transactions with Goldman Sachs, please contact your banker. This material is not intended for distribution to consumer or retail clients, as such terms are defined under applicable law, including U.S. federal and New York state law, and The European Union Markets in Financial Instruments Directive (2004/39/EC) and any investments, including derivatives, mentioned in this material will not be made available by us to any such consumer or retail client.
Receipt of Orders: An order sent to Goldman Sachs by email or instant message is not deemed to be received by Goldman Sachs until a Goldman Sachs representative verifies the order details with a phone call to the client or acknowledges receipt of the order via email or instant message to the client. Goldman Sachs does not accept client orders sent via fax or voicemail systems.
Full Service Firm Disclosure: As you know, Goldman Sachs is a full service financial institution engaged, either directly or indirectly, in a broad array of activities, including trading, commercial and investment banking, financial advisory, market making and trading, investment management (both public and private investing), investment research, principal investment, financial planning, benefits counselling, risk management, hedging, financing, brokerage and other financial and non-financial activities and services globally. In the ordinary course of their various business activities, Goldman Sachs and funds or other entities in which Goldman Sachs invests or with which Goldman Sachs co-invests may at any time purchase, sell, hold or vote long or short positions and investments in securities, derivatives, loans, commodities, currencies, credit default swaps and other financial instruments for their own account and for the accounts of customers and clients. In addition, Goldman Sachs may at any time communicate independent recommendations and/or publish or express independent research views in respect of such assets, securities or instruments. Any of the aforementioned activities may involve or relate to assets, securities and/or instruments referred to herein. In addition, Goldman Sachs may provide investment banking, commercial banking, underwriting and financial advisory services to such other entities and persons.
The professionals who prepared this material are paid in part based on the profitability of The Goldman Sachs Group, Inc., which includes earnings from the firm's trading, capital markets, investment banking and other business. They, along with other salespeople, traders, and other professionals may provide oral or written market commentary or trading strategies to our clients that reflect opinions that are contrary to the opinions expressed herein or the opinions expressed in research reports issued by our research departments, and our trading and investment businesses may make investment decisions that are inconsistent with the views expressed herein.