Risk Disclosure for Investment Services

NRD Menkul Değerler A.Ş. ("NRD") is a brokerage licensed by the relevant regulator of Türkiye, conducting capital-markets activities under the relevant regulator regulations. Investments in capital-markets instruments carry a range of risks, including the partial or total loss of the principal amount invested. We strongly recommend reading this disclosure carefully before making any investment decision.

2.1 Market risk

The prices of capital-markets instruments may fluctuate due to economic, political and sector-specific developments. Such fluctuations may reduce the value of your investment.

2.2 Liquidity risk

You may not be able to buy or sell a capital-markets instrument at the time and price you wish. This risk increases for instruments with low trading volumes.

2.3 Counterparty and credit risk

There is a risk that the issuer of an instrument or the counterparty to a transaction may fail to fulfil its obligations.

2.4 Currency risk

For investments denominated in foreign currencies, exchange-rate movements may adversely affect the return profile of the investment.

2.5 Interest-rate risk

Changes in interest rates may affect the value of fixed-income securities.

2.6 Operational risk

Losses may arise from system, process or human errors.

Transactions on the Derivatives Market (VİOP / Vadeli İşlem ve Opsiyon Piyasası) and other leveraged derivative products carry high risk. Leverage allows you to take large positions with relatively small margin deposits; however, adverse market movements may result in the loss of all of your margin and even amounts in excess of it. Such products are therefore appropriate only for investors who understand these risks and whose financial situation is suitable for sustaining potential losses.

Structured products may combine several risk factors. In structured products without principal protection, part or all of the principal may be lost depending on the performance of the underlying asset.

Past performance is not a guarantee of future returns. Backward-looking data based on modelling or simulation do not represent actual transactions.

Before investing, take account of the appropriateness (uygunluk) and suitability (yerindelik) tests required of you under capital-markets legislation. Investments made without consideration of your risk and return needs, liquidity requirements and financial situation may not meet your expectations.

The content on our website and any general market commentary is provided for information purposes only and does not constitute investment advice. Investment advice is a personalised service, provided only under an investment-advisory agreement signed between investor and intermediary, taking into account the investor's risk and return preferences.

NRD Menkul Değerler A.Ş. operates under relevant regulatory supervision (the relevant regulator) within the framework of the Capital Markets Law No. 6362 (6362 sayılı Sermaye Piyasası Kanunu) and related secondary legislation. Up-to-date information about the activities for which we are licensed is available on the official the relevant regulator website.