All rates are quoted on a nominal annual compounded monthly basis for the relevant period. The rates can only be confirmed a the time of dealing. No representation or warranty is made that any return indicated will be achieved in the future. This document is not an official confirmation of term and any transaction that may be concluded pursuant to this document shall be in terms of and confirmed by the signing of appropriate documentation on terms to be agreed between the parties. The information in this document is subject to change without notice. This information is to be used at your own risk and prospective investors should obtain independent advice in respect of any product detailed in this document, as Grindrod Bank Ltd does not provide investment, tax or legal advice and makes no representation or warranty about the suitability of a product for a particular client or circumstance. Grindrod Bank Ltd will only provide investment advice if specifically agreed to by Grindrod Bank Ltd in appropriate documentation, signed by Grindrod Bank Ltd.