US MTNs — U.S. Medium-Term Notes

Last updated 6 October 2026.

We set two cookies, and neither one until you sign in.

One keeps you signed in. The other remembers what you were doing while you are signed in. There is no advertising cookie, no analytics cookie, and nothing on this site that reports what you do to anybody else. If you read this site without signing in, no cookie is stored on your device — and the only thing stored at all is the Ask conversation, if you have one, which stays in that browser tab.

Neither cookie can be read by any script on the page, and neither is issued without the flag that keeps it off an unencrypted connection — so arriving on an http:// link, before the site moves you to the secure one, does not put your sign-in on the wire. A sign-in token issued before 6 October 2026 gains that the next time you sign in.

What a cookie is here

A cookie is a small file this site asks your browser to keep and send back on your next request. That is the only way a website can recognise that two requests came from the same person: without one, signing in would last exactly one page.

Both of ours are first-party — set by this site, sent only back to this site, and readable by nobody else. We set no third-party cookies, so nothing here can follow you to another website or recognise you arriving from one.

The two cookies

What it is	What it does	How long it lasts
Your sign-in token Set when you sign in	Keeps you signed in as you move between pages, and tells the site which account you are using. It is a signed token: your password is not in it and nothing in it can be read or changed by anything running in your browser.	72 hours, or until you sign out. Signing out deletes it immediately.
Your session connect.sid	Identifies your session on our server, where we keep what you are in the middle of: which part of the site you were last working in, the page to return you to after you sign in, and — for an administrator supporting you — that a support session is in progress. The cookie itself holds only a random identifier; everything it refers to stays on our server.	100 hours, or until you sign out. Signing out ends the session it points at.

Neither is set before you need it. Reading this site signed out — the market page, the league tables, this policy — stores nothing on your device. The session cookie appears the moment there is something to remember: when you sign in, or when you ask for a page that requires signing in and we record where to send you afterwards. The sign-in token appears when you sign in.

What we do not do

No analytics service. There is none, and no page on this site loads a script belonging to one.
We do keep our own record of which pages are opened, on our own servers and shared with nobody. For somebody signed in it is linked to their account. For a visitor who is not signed in there is no cookie, so there is nothing for it to be linked to.
No advertising, and no advertising cookies. We do not sell advertising and we do not carry anybody else's.
No tracking across other websites, and no profiling. We have no way to know what you do anywhere else, because nothing here is shared with a service that does.
No cookie banner, because there is nothing to ask you about: both cookies are necessary for the site to work, and neither is set until you use the part of the site that needs it.

Other things kept on your device

Two kinds, and neither is a cookie — a cookie is sent to our server on every request, and these never leave your browser on their own.

Your own display preferences, kept in your browser's local storage: which optional columns you have turned on, the order you dragged a table into, which venues you last ticked when sending offers, and the book you last chose for a trade download. We cannot read these — they are sent to us only if you act on them — and clearing your browser's site data removes them.
Your Ask conversation, kept in that browser tab only. The Ask box is on every page, signed in or not, and it remembers what you have asked so the conversation survives moving between pages. Closing the tab ends it, and the Clear button in the panel removes it at once. What you ask us is also kept on our side — the privacy policy says for how long, and who reads it.

How to refuse or remove them

Your browser controls this, and the controls vary, so your browser's own help is the best guide. Deleting cookies for this site signs you out; refusing them altogether means you cannot sign in at all, because keeping you signed in is what the token is for. Reading the public pages works either way.

Changes, and who to ask

If we add a cookie, it will be listed here before we set it, and the date at the top of this page will change. If you want to know what any of the above means for your firm, or you think this page does not match what your browser is holding, write to admin@us-mtns.com and we will answer it.