The term “Calculation Result” is a collective identifier that refers to Credit Transition Matrix ("CTM"), Probability Default (“PD”) and Loss Given Default (“LGD”)’s calculation results. The term “us”, “we”, and “our” refer to Thai Bond Market Association (“ThaiBMA”), the owner of ThaiBMA website. The term “they” and “their” refer to Users, any person who merely browses and/or uses the Calculation Result. The provision of the Calculation Result is made subject to the following disclaimer:

1. All Calculation Result appearing on this part of our website is for general information purposes only and is not intended to address the specific circumstances of any particular individual or entity.We use our reasonable efforts to produce and publish the Calculation Result and other data provided on this part of our website and we make no warranty, expressed or implied; representation; or guarantee as to the content, sequence, currency, accuracy, timeliness, completeness or merchantability of the data provided or the fitness for a particular purpose.

2. The Calculation Result and other data in this part of our website are provided “as is” and “as available.”The Calculation Result is current only at the date of publication and may change over time. We expressly exclude any warranties and representations that the Calculation Result and other data provided in this part of our website are accurate prediction of current or future performance of the market, sector of the market, the industry or any particular entity.

3. The Calculation Result is an outcome of our studies and our finding in correspondence to the amended TFRS9, which is generated outputs from mathematical models using publicly available data and underlying statistical assumptions, which we at our sole discretion consider fit and sufficient for this purpose. The Calculation Result does not constitute, and shall not be construed as, any form of specific advice or recommendation, and shall not be relied upon in lieu of appropriate professional advice, whether legal, financial, tax, accounting or any other respect.

4. The Calculation Result does not take into account your individual specific circumstances. Users are recommended to exercise their own skill and judgment when considering investment decisions or taking action based on the Calculation Result and seek appropriate professional advice before making any specific or other decisions. Reliance upon the Calculation Result is solely at the Users’ own risk. We accept no responsibility or liability for any direct or indirect loss, damage, expense or claim incurred in connection with any decision made or action or inaction on the Users’ part in reliance upon the Calculation Result.

5. The Calculation Result does not constitute endorsement or recommendation by us. It is your responsibility to verify and investigate our mathematical model and methodology for the Calculation Result and any information used as our source for calculation prior to any reliance thereupon.

6. Some parts of information we use to calculate the Calculation Result are obtained from the sources which we at our sole discretion deem reliable.We do not represent or warrant that we own or control all rights in all data and information from which the Calculation Result derives, and accept no liability for any claims brought against Users by third parties in connection with use of the Calculation Result.

7. We reserve the right in our sole discretion, without notice or obligation to take the needs of any Users into consideration, to change, add to, delete from, modify, terminate, suspend or interrupt the provision of the Calculation Result, the methodology, model and any of (or any part of) our method or technique to create the Calculation Result, and we reserve the right to deny any User access to this part of our website or any portion thereof. We cannot guarantee that the provision of Calculation Result will not be interrupted or otherwise affected by such problems.

8. Users may not represent or imply that we are participating in, or have sponsored, approved or endorsed the manner or purpose of any use of the Calculation Result or the reference made by Users. Use of our logos and official emblems is strictly prohibited without our prior written approval.

9. In spite of this, if any omission, inaccuracy, printing errors or whatsoever cause occur with regard to the Calculation Result and other data contained in this part of our website or transmitted to/received by any User, we will not be held responsible or liable.

10. We accepts no liability (including without limitation, liability in negligence) for any actual, direct or indirect loss, damage, loss of profits, or costs howsoever arising (including consequential damage) suffered by the Users, whether as a result of the User's reliance on the accuracy of Calculation Result or otherwise arising in connection with the Calculation Result or the unavailability, the suspension, the interruption or disruption thereof.

11. All Calculation Result published on this part of our website (including this disclaimer) is subject to Thai Law. Only competent Thai courts are authorised to pass judgement on disputes arising from this part of our website and the Calculation Result it contains.

I accept the terms of this agreement