Cayman Branch are temp:ore* nposed to the sovereign risk of the Cipmen lia-ds, and there is no guarantee or other otegabon of UBS AG to repay t e Dalaxes %Nita' the UE6 Cayman Branch's books. D•POtks a LBS Birk L6A and each UBS AG Bench are non protected by 51K. Monty Fund shires we protected by SIPC