Emerging Markets Research Database

The Bankers Trust Research page has been moved. For an updated page click here.

Please note: To view these files you need to first open Adobe Acrobat Reader and then download them.

1. This document may permit you to access reports and/or databases based in whole or in part on information or analytical or statistical data which is proprietary to third parties. Without limiting the foregoing, this document may enable users to access third-party Internet sites via "hyperlinks". The locator contained in the hyperlink is for your information only, and does not constitute an encouragement to visit the site: Bankers Trust has no control over the material appearing on sites owned or sponsored by third parties which may be accessed by such hyperlinks. Neither BT Securities Corporation nor any other member of the Bankers Trust organization warrants, or assumes any responsibility for, the accuracy, completeness, quality or legality anywhere of any information which is proprietary to or prepared or derived from any third party source or information contained in any third-party Internet or other site which is available via a "hyperlink". Neither BT Securities Corporation nor any other member of the Bankers Trust organization can give any assurance or guarantee as to the security or confidentiality of any connection made by use of any such hyperlink.

2. BT Securities Corporation and its affiliates submits reports to BradyNet for dissemination through its Web site on the understanding that subscribers use such reports for academic, statistical and research purposes. Securities or other instruments described in these reports involve a very high degree of investment risk, and may not be appropriate investments for many investors. Reports submitted though [Brady Net] are not intended as investment recommendations to subscribers. These reports are written for large and experienced institutional investors, assuming that the reader is the highest degree of financial sophistication and capacity to bear losses. The reports do not attempt to describe all of the economic, political, competitive and other factors that underlay any estimates, forecasts or opinions, or potential changes that could affect the assumptions on which such estimates forecasts and opinions are premised. Reports are available through [Brady Net] long after they have been released to clients of BT Securities Corporation and its affiliates, clients, and information, estimates, forecasts and opinions contained therein may be stale by time of such release. BT Securities Corporation and its affiliates may have acted upon information for propreitary or client accounts before any report has been released through [Brady Net]. BT Securities Corporation and its affiliates assume no obligation to update through Investext any report, or any estimate, forecast or opinion. Please refer to the important notice and disclaimer on the last page of each report. Views expressed in reports are solely those of the Latin Amercia Merchant Banking area of Bankers Trust Global Research at the time of publication, and different areas within the Bankers Trust organization may hold different views.

The information and opinions contained herein do not necessarily express the opinions of BradyNet, Inc. This report has been prepared solely for informational purposes and is not a solicitation of any transaction in the securities with which it deals or an offer to enter into any such transaction. Prices and/or other information in this report are subject to change without prior notice.

Please read our disclaimer.

General Correspondence: bradynet@bradynet.com Questions/Problems? support@bradynet.com