By Francis Chan

DBS Bank has, for the first time, set out its legal case that investors were duly warned about ill-fated DBS High Notes 5 products - but also acknowledged one 'clerical mistake' in the documentation.

The bank has detailed its defence in a civil claim by 204 investors, who are suing the bank in a bid to recover the $17 million they lost on the complex products.

In the legal documents, obtained by The Straits Times yesterday, the bank reiterates its stand that full disclosure was given to all investors in the notes through documents, provided to them by the bank, such as a base prospectus and pricing statements.

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