【正文】
you are not relying on any remendation or statement by us. Before entering into any transaction, you should ensure that you independently assess these things and fully understand the transaction. You should also consider seeking advice from your own advisers in making this assessment. In particular, we are not acting as your adviser or assuming any duty of care in this respect.To the extent permitted by applicable law, none of Deutsche Bank AG, its affiliates, or any officer or employee of Deutsche Bank AG or any of its affiliates, accepts any liability whatsoever for any direct or consequential loss arising from any use of this presentation or its contents, including for negligence.Trading in futures, options, modities, currencies or derivatives can be risky and not appropriate for all persons. Under some market conditions it may be impossible to liquidate a position. Losses incurred in trading can be substantial and can exceed the funds deposited. The use of leverage in futures trading can lead to large losses as well as large gains. Markets referred to in this presentation can be highly volatile.Copyright protection exists in this presentation. The contents of this presentation are strictly confidential and it may not be disclosed, reproduced, distributed or published by any person for any purpose without our written consent.Clients should contact and execute transactions through a Deutsche Bank branch or group entity in their home jurisdiction unless local regulations permit otherwise.This material was prepared by a Sales or Trading function within Deutsche Bank AG or one of its affiliates (collectively “Deutsche Bank”), and was not produced, reviewed or edited by the Research Department. Any opinions expressed herein may differ from the opinions expressed by other Deutsche Bank departments including the Research Department. This material is intended for your personal use and Deutsche Bank is not soliciting the purchase or sale of any security or transaction, or participation in any particular trading strategy. This material, and the information contained therein, does not constitute the provision of investment advice. Sales and Trading functions are subject to additional potential conflicts of interest which the Research Department does not face. Deutsche Bank may engage in transactions in a manner inconsistent with the views discussed herein. Deutsche Bank trades or may trade as principal in the instruments (or related derivatives), and may have proprietary positions in the instruments (or related derivatives) discussed herein. Deutsche Bank may make a market in the instruments (or related derivatives) discussed herein. Sales and Trading personnel are pensated in part based on the volume of transactions effected by them. Assumptions, estimates and opinions expressed constitute the author’s judgement as of the date of this material and are subject to change without notice. Past performance is not necessarily indicative of future results. This material is based upon information that Deutsche Bank considers reliable as of the date hereof, but Deutsche Bank does not represent that it is accurate and plete. Certain transactions or securities mentioned herein, including derivative products, give rise to substantial risk, including currency and volatility risk, and are not suitable for all investors. Deutsche Bank transacts business with counterparties on an arm’s length basis and on the assumption that each counterparty is sophisticated and capable of independently evaluating the merits and risks of each transaction and that the counterparty is making an independent decision regarding any transaction. Unless governing law provides otherwise, all transactions should be executed through the Deutsche Bank entity in the investor’s home jurisdiction. In the . this material is approved and/or distributed by Deutsche Bank Securities Inc. In the United Kingdom this material is approved and/or municated by Deutsche Bank AG London, a member of the London Stock Exchange. This material is distributed in Hong Kong by Deutsche Bank AG, Hong Kong Branch, in Singapore by Deutsche Bank AG, Singapore Branch, in Japan by Deutsche Bank AG Tokyo, and in Australia by Deutsche Bank AG, Sydney Branch. Please cite source when quoting. Copyright169。 2022 Deutsche Bank AG. [Copyright169。 2022 Deutsche Bank AG.]