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Website Terms of Use
The following terms of use apply to your use of the ETF Securities Limited website ("Website"). Each time you access this Website you agree to comply with, and be bound by, the terms of use and acknowledge that we may rely upon your agreement.
Please be advised that access to certain products and services displayed on this web site may be restricted to certain persons in certain countries. ETF Securities Limited and its subsidiaries ("ETFSL") shall not provide information on the products and services displayed in this web site to any persons prohibited by the law in their country of origin or in any other relevant country. ETFSL's products have been registered or authorised in different countries and as such are authorised for public offering (private investors and institutional investors) in those countries. Any information concerning ETFSL's products which has not been authorised for public offering in any particular country identified in this Website shall not be shown to private investors but may be shown to certain types of institutional investors, depending on the country concerned. Users must ensure that they are legally permitted to log on to this site in the country where the connection is based. Such log on is for information purposes only. If you do not wish to be bound by these terms and conditions, please leave this Website.
Information on this Website
Except where stated otherwise, the information and services on this Website (the "Information") are provided by ETF Securities Limited as at the date indicated on the relevant material.
Restricted Investors
The Information is provided for residents of the UK, The Netherlands, Germany, France, Italy and exempt investors only. The Information on this Website complies only with the regulatory requirements of those countries. In particular, ETFSL's products are not offered or aimed at residents in any country in which (a) ETFSL's products are not authorised or registered for distribution and where to do so is contrary to any country's securities laws and (b) the dissemination of information on ETFSL's products via the Internet is forbidden. This Website is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering of ETFSL's products in any country in which to do so is contrary to that country's securities laws.
A number of ETFSL's products have been passported from the United Kingdom into the Netherlands, Germany, France and Italy and have been filed with the Authority Financial Markets (Autoriteit Financiële Markten) Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN) l'Autorité des Marchés
Financiers (AMF) and the la Commissione Nazionale per le Società e la Borsa (CONSOB) respectively. These Securities and the relevant Prospectuses have received permission to be sold to any and all Dutch, German, French and Italian, investors. Copies of all documents (i.e. the Prospectus, any Supplement(s), the latest previous annual reports and the memorandum of incorporation and the articles of association of the relevant issuers) are available in the Netherlands, free of charge, by calling the Dutch Listing Agent, Fortis Bank (Nederland) N.V., on +31 20 527 2467 or faxing a request to +31 20 527 1928 or the German Listing Agent, HSBC Trinkhaus & Burkhardt, AG, Konsortialgeschäft, Königsallee 21/23, 40212 Düsseldorf or the French Listing Agent HSBC France 103, Avenue des Champs Elysées 75008 Paris.
No Financial Product Advice
The information on this Website does not constitute a "financial product advice" for any purpose. The Website is provided as an information service only and the information on it should not be relied upon as a substitute for financial or other professional advice. The Information does not take account of the investment objectives, financial situation and particular needs of any particular person and is not general advice to any class of persons. It is not to be construed as financial advice or a recommendation of securities or other financial products. Before making an investment decision on the basis of the Information, you need to consider, possibly with the assistance of a financial and/or taxation adviser, whether the Information is appropriate in light of your particular investment needs, objectives and financial circumstances.
You may not use any part of the material or Information on the Website to establish, maintain or provide or assist in establishing, maintaining or providing a stock market for trading in securities.
Accuracy and Reliability of Information
The Information is provided in good faith and has been derived from sources believed to be reliable and accurate at the date indicated. However, ETFSL has not verified the Information, which may not be complete or accurate for your purposes. ETFSL may not, and has no obligation to, update the Information or correct any inaccuracy which subsequently becomes apparent. Opinions and estimates in the Information may be changed or withdrawn without notice. Accordingly, ETFSL, its related bodies corporate or the directors or officers of those entities do not make any representation or warranty of reliability, completeness, fitness for purpose or accuracy of the information or any third party website linked to this Website.
Except where ETFSL has published disclosure documents on this Website, the Information is not intended as an offer or solicitation, or as the basis for any contract, for the purchase or sale of commodities or any commodity related or other product, security or investment.
The Information is assembled from material prepared by ETFSL or its related bodies corporate but may not include Information made known to ETFSL's officers subsequent to the date of publication of the Information indicated on the Website. If you use the Information, you do so at your own risk and you should consult ETFSL as to whether or not more recent Information is available which will effect your investment decision. Please recognise that the previous performance of securities, commodities or other instruments does not guarantee or predict future performance.
Exclusion of Liability
Nothing in these terms excludes, restricts or modifies any condition, warranty or liability which may at any time be implied by statute or any other applicable law where to do so is illegal or would render any provision of an agreement void. Subject to this qualification, all express or implied conditions or warranties, statutory or otherwise, in respect of the information supplied is expressly negated and excluded.
You agree that ETFSL will not be liable for any damages or loss of any kind whatever (including, without limitation, any liability for consequential loss) arising out of the use by you of, or reliance by any person on the information supplied whether arising from any act, omission, error, misstatement or failure (and whether negligent or not) of ETFSL, its officers, servants, agents or independent contractors or otherwise.
Copyright
Copyright in the Information is owned by ETFSL. The Information may not be reproduced, distributed or published by anyone for any purpose without ETFSL's prior written consent.
Disclosure of Interests
ETFSL, its related bodies corporate and their respective officers, directors and employees may from time to time purchase, sell, make a market in, or engage in transactions involving the securities or their related derivatives. ETFSL or its related bodies corporate may also act as advisers or brokers in relation to oil and other commodities, the shares or other investments. ETFSL's related bodies corporate may be entitled to receive or may have received a fee for the provision of such services. The directors and officers of ETFSL or its related bodies corporate may hold directorships in any company referred to in the Information.
ETFSL or its related bodies corporate are under no obligation to disclose or take account of the Information when advising or conducting business with its clients. ETFSL and its related bodies corporate may act upon or make use of the Information prior to its publication on this Website.
Third party information
Any third-party advertising, information and referral buttons containing hyperlinks are not recommendations or endorsements by ETFSL or its respective directors, affiliates or employees. The user is referred to the relevant third party for all relevant information, including complete information on that entity's investment adviser or dealer licensing status and license number (if applicable).
Stock Exchange Prices, Oil Price, Commodity Price and Exchange Rates
The prices/values shown in this Website in relation to different underlying securities are based on the prices notified to ETFSL as the last sale price of the relevant securities on the stock exchange on which they are traded (delayed up to 30 minutes) as at the time and date shown. ETFSL has not verified any of the stock exchange or other information contained on this Website and it should be verified separately before relying on it. The prices and exchange rate information displayed and used to calculate Net Security Values (NAV) is supplied by third party vendors who hold distribution licenses with the various exchanges and may be delayed by up to 30 minutes. Prices and values shown on the Website may vary throughout the course of, and between, stock exchange trading days, commodity market trading times and business days in general.
Index Disclaimers
The Securities are not sponsored, endorsed, sold or promoted by Dow Jones & Company, Inc. ("Dow Jones"), American International Group, Inc. ("American International Group"), AIG Financial Products Corp. ("AIG-FP") or any of their subsidiaries or affiliates. None of Dow Jones, American International Group, AIG-FP or any of their subsidiaries or affiliates makes any representation or warranty, express or implied, to the owners of or counterparts to the Securities or any member of the public regarding the advisability of investing in securities or commodities generally or in the Securities particularly. The only relationship of Dow Jones, American International Group, AIG-FP or any of their subsidiaries or affiliates to the Licensee is the licensing of certain trademarks, trade names and service marks and of the DJ-AIGCISM, which is determined, composed and calculated by Dow Jones in conjunction with AIG-FP without regard to ETFSL or the Securities. Dow Jones and AIG-FP have no obligation to take the needs of ETFSL or the owners of the Securities into consideration in determining, composing or calculating DJ-AIGCISM. None of Dow Jones, American International Group, AIG-FP or any of their respective subsidiaries or affiliates is responsible for or has participated in the determination of the timing of, prices at, or quantities of the Securities to be issued or in the determination or calculation of the equation by which the Securities are to be converted into cash. None of Dow Jones, American International Group, AIG-FP or any of their subsidiaries or affiliates shall have any obligation or liability, including, without limitation, to Securities' customers, in connection with the administration, marketing or trading of the Securities. Notwithstanding the foregoing, AIG-FP, American International Group and their respective subsidiaries and affiliates may independently issue and/or sponsor financial products unrelated to the Securities currently being issued by Licensee, but which may be similar to and competitive with the Securities. In addition, American International Group, AIG-FP and their subsidiaries and affiliates actively trade commodities, commodity indexes and commodity futures (including the Dow Jones-AIG Commodity IndexSM and Dow Jones-AIG Commodity Index Total ReturnSM), as well as swaps, options and derivatives which are linked to the performance of such commodities, commodity indexes and commodity futures. It is possible that this trading activity will affect the value of the Dow Jones-AIG Commodity IndexSM, and the Securities.
Purchasers of the Securities should not conclude that the inclusion of a futures contract in the Dow Jones-AIG Commodity IndexSM is any form of investment recommendation of the futures contract or the underlying exchange-traded physical commodity by Dow Jones, American International Group, AIG-FP or any of their subsidiaries or affiliates. The information in the Website regarding the Dow Jones-AIG Commodity IndexSM components has been derived solely from publicly available documents. None of Dow Jones, American International Group, AIG-FP or any of their subsidiaries or affiliates has made any due diligence inquiries with respect to the Dow Jones-AIG Commodity IndexSM components in connection with the Securities. None of Dow Jones, American International Group, AIG-FP or any of their subsidiaries or affiliates makes any representation that these publicly available documents or any other publicly available information regarding the Dow Jones-AIG Commodity IndexSM components, including without limitation a description of factors that affect the prices of such components, are accurate or complete.
NONE OF DOW JONES, AMERICAN INTERNATIONAL GROUP, AIG-FP OR ANY OF THEIR SUBSIDIARIES OR AFFILIATES GUARANTEES THE ACCURACY AND/OR THE COMPLETENESS OF THE DOW JONES-AIG COMMODITY INDEXSM OR ANY DATA INCLUDED THEREIN AND NONE OF DOW JONES, AMERICAN INTERNATIONAL GROUP, AIG-FP OR ANY OF THEIR SUBSIDIARIES OR AFFILIATES SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. NONE OF DOW JONES, AMERICAN INTERNATIONAL GROUP, AIG-FP OR ANY OF THEIR SUBSIDIARIES OR AFFILIATES MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY ETFSL, OWNERS OF THE SECURITIES OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE DOW JONES-AIG COMMODITY INDEXSM OR ANY DATA INCLUDED THEREIN. NONE OF DOW JONES, AMERICAN INTERNATIONAL GROUP, AIG-FP OR ANY OF THEIR SUBSIDIARIES OR AFFILIATES MAKES ANY EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE DOW JONES-AIG COMMODITY INDEXSM OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL DOW JONES, AMERICAN INTERNATIONAL GROUP, AIG-FP OR ANY OF THEIR SUBSIDIARIES OR AFFILIATES HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES OR LOSSES, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS AMONG DOW JONES, AIG-FP AND ETFSL, OTHER THAN AMERICAN INTERNATIONAL GROUP
Governing Law
These terms of use are governed by the laws of England and Wales and the courts of England and Wales will have exclusive jurisdiction over any disputes arising under them.
Acceptance of Terms of Use
By moving on to any other part of this Website you agree that you have read, understood and will be bound by the Terms of Use and that you will carefully read the disclaimers and notices appearing at other parts of this Website.
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