CSCB Index Disclaimers
The "Website" means the website, and all information and materials contained on the Website. Certain sections or pages on the Website may contain separate terms and conditions or disclaimer, which are in addition to these terms and conditions. In the event of a conflict, the additional terms and conditions or disclaimers will govern for those sections or pages.
NON-SOLICITATION, GOVERNING LAW
The information on this website is for information purposes only and is not intended as an offer or solicitation for the purchase or sale of any financial instruments, including but not limited to commodities, futures, or options thereon. This Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law. Not all products and services are available in all geographical areas. The information on this Website is subject to change.
Access to the Website or the retrieval of any information set out on the Website by a user does not mean that the user becomes a client of CS. Further, CS will have no obligations or responsibilities towards any users of the Website.
CS does not accept any responsibility whatsoever to, or as a result of, individuals or entities providing false certification regarding their country of residence.
These terms and conditions, including any non-contractual obligations arising out of or in connection with them, are governed exclusively by English law.
In order to constantly improve our website and better serve our website users, CS may use software tools or "cookies" to gather information about site visitors' browsing activities. A cookie is a piece of technology, sometimes called a text file, that is sent from a web server (a web site) to a web browser (the visitor's computer) to enable the browser to remember certain information. The information held by a cookie can only be read by the person who sent it.
There are two types of cookies - session cookies and persistent cookies.
Session cookies are used, for example, to maintain security on a site and to pass information that has been entered to other pages on the site to prevent further input of the same information. Persistent cookies are used to enable browsing habits to be tracked each time the site that sent the cookie is visited. The information that may be gathered includes date and time of visits, pages viewed, time spent at the site and the site visited just before and just after the CS site.
If you provide any personal data to CS through this site, the collected personal data may be processed by CS or any member of the Credit Suisse group of companies and their affiliates and agents (including companies based in countries where data protection laws might not exist or be of a lower standard than the EU) for the purpose of aiding in the operation, designing and/or marketing of present and future products and services of CS and/or any other company within the CS group structure ("Group").
CS is wholly committed to protecting client privacy and will take all reasonable steps to ensure that your personal data is kept secure against unauthorised access, loss, disclosure or destruction.
If you wish, you may also have a copy of the personal data held in relation to you. We may, as allowed by law, charge you a fee for this.
This Website may contain hyperlinks to websites of third parties and, therefore, allows access to "external content", which has been produced and provided by third parties independent from CS; CS does not have any connection or influence over such websites and only references such websites to provide information on the location and content of such other websites. In providing the hyperlinks, this does not constitute a solicitation, authorisation, promotion or participation of CS with regard to these websites, their owners or the persons responsible for them. CS has not checked the information, software or products of such third party websites. Consequently, CS is not liable for the content of such websites and the respective offeror is responsible for the content of such website. CS will not be liable for losses arising form the use of the offered information.
Certain data accessible on the Website is the intellectual property of the relevant news and information services provider or third parties that provide such data to the relevant service provider, or CS. The data is protected by copyright and other intellectual laws and all ownership rights remain with the information service provider or the third party or CS, as the case may be.
You acknowledge that CS does not give legal advice or tax advice. However, the Website may present general tax and estate planning information and principles. You agree that these principles may not apply to your specific circumstances or take into account your comprehensive tax or estate planning situation.
There are numerous tax issues related to investing. You may want to consult with a tax advisor concerning your particular situation prior to making any investment. The information presented on this Website is not intended to supply tax, legal, or investment advice, any may not be accurate for all persons, securities or transactions.
The presentations of certain tax considerations relevant to the purchase, ownership and disposition of financial instruments is of a general nature only and does not address every potential tax consequence of an investment in derivative securities under all applicable laws. The summaries presented are based on treaties, laws, regulations, rulings and decisions in effect at the date of this writing, all of which are subject to change.
In particular, the precise tax treatment of an investor needs to be determined for each issue with reference to the full terms and the specific instrument. Such terms are specified in the relevant disclosure and are subject to the applicable tax law and practice at the relevant time. Investors should consult their own tax advisors on the tax consequences of the purchase, ownership, exercise and disposition of derivative securities.
In the event of an error or failure of a System, as your sole and exclusive remedy and in lieu of any other remedy hereunder at CS's option, CS may elect to provide an error correction, bug fix, or replacement of the System, but any such error correction, bug fix, or replacement shall be provided under the same terms and conditions set forth under this Agreement including the warranty disclaimers and limitations of liability.
Any information on this Website may include technical, inaccurate or typographical errors. Further, CS explicitly reserves the right to amend, delete or stop the release temporarily or indefinitely of opinions expressed in the Website, single websites or the whole operation of the Website including the services offered, any information, characteristics and functionalities which are accessible within the use of the Website as determined, without prior notice. CS is not obliged to bring or keep up to date the information available on the Website.
HEDGING AND/OR OTHER TRANSACTIONS
CS and/or its affiliates may, from time to time, for hedging or other reasons purchase or sell securities, commodities, futures, options or other financial instruments presented or may act as Market Maker in relation to securities, enter into proprietary trading transactions or Hedging transactions. This might cause CS to hold buy or sell positions in the underlyings of the CS Indices, which might have an impact on the value or price of the CS Indices and may not be in favour of the investors.
USE OF WEBSITE
CS hereby grants you a non-transferable, non-exclusive licence to use, for your internal purposes only, any applications contained on the Website (the "System") in connection with obtaining certain reports and services from CS and otherwise conducting business with CS. You agree not to transfer, sublicense, rent, assign, timeshare, lease, convey, copy, translate, convert to another programming language, decompile, disassemble, modify or change the System for any purpose. You agree to hold in trust for CS and not disclose to any other party, or allow any other party to inspect, copy or use the System or any information contained in, related to, transmitted to or from, or derived from the System (collectively, the "Data"). You consent to and authorize CS to transmit certain confidential Data by means of the System. You acknowledge that the System and Data shall remain the sole property of CS and title and full ownership rights in the System and Data are reserved to and shall remain with CS. Your use of the System, including without limitation any communications with CS, instructions, orders or other transactions conducted by means of the System shall be subject to these terms and conditions as well as applicable law and regulation.
All CS research is subject to a disclaimer included at the end of all research. Any documentation or information which appears on the Website is subject to the terms of the disclaimer.
You agree to comply with the conditions imposed on your use of the services, as set out in these terms and conditions and elsewhere in this Website. These services may be outside CS's control or provided by a third party in which case CS cannot take responsibility for their content, or for any delays, interruptions or errors in the provisions of these additional services.
You may only use the data retrieved from the Website for your own personal and non-commercial purposes while accessing the Website. Such use will be in accordance with these terms and conditions and the requirements set out elsewhere on the Website. You may not copy, distribute or redistribute the data, including by caching, framing or similar means or sell, resell, re-transmit or otherwise make the data retrieved from our Website available in any manner to any third party. The data is provided "as is". Neither CS nor any third party shall be liable to you or any third party for any loss or damage, direct, indirect or consequential, arising from (i) any inaccuracy or incompleteness in, or delays, interruptions, errors or omissions in the delivery of the data or any other information supplied to you through this Website or (ii) any decision made or action taken by you or any third party in reliance upon the data or (iii) your inability to use the Website and/or any other websites which are linked to this Website. Neither a third party nor CS shall be liable for loss of business revenues, lost profits or any punitive, indirect, consequential, special or similar damages whatsoever, whether in contract, tort or otherwise, even if advised of the possibility of such damages incurred by you or any third party.
Unauthorized use of CS's websites and systems including but not limited to unauthorized entry into CS's systems, misuse of passwords, or misuse of any information posted to a site, is strictly prohibited.
THE WEBSITE (INCLUDING ALL INFORMATON, TOOLS AND MATERIALS CONTAINED ON THE WEBSITE) IS PROVIDED "AS IS" "AS AVAILABLE". WE ARE NOT PROVIDING ANY WARRANTIES AND REPRESENTATIONS REGARDING THE WEBSITE. WE DISCLAIM ALL WARRANTIES AND REPRESENTATIONS OF ANY KIND WITH REGARD TO THE WEBSITE, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT OF THIRD PARTY RIGTHS, FREEDOM FROM VIRUSES OR OTHER HARMFUL CODE, OR FITNESS FOR A PARTICULAR PURPOSE. WE DO NOT WARRANT THE ACCURACY, ADEQUACY OR COMPLETENESS OF THE INFORMATION AND MATERIALS CONTAINED ON THE WEBSITE AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OF OMISSIONS IN THE MATERIALS AND INFORMATION. NOTHING HEREIN SHALL BE CONSTRUED AS LIMITED OR REDUCING CS'S RESPONSIBILITIES AND OBLIGATIONS TO CLIENTS IN ACCORDANCE WITH APPLICABLE LAWS AND REGULATION. CS shall not be liable for any action taken, or any delay or failure to take any action, to the extent that the taking of such action, or such delay or failure, arises out of causes beyond CS's reasonable control.
UNDER NO CIRCUMSTANCES WILL CS BE LIABLE FOR ANY CONSEQUENTIAL, INCIDENTAL, SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES ARISING OUT OF ANY USE OF OR INABILITY TO USE THE WEBSITE OR ANY PORTION THEROF, REGARDLESS OF WHETHER CS HAS BEEN APPRISED OF THE LIKELIHOOD OF SUCH DAMAGES OCCURING AND REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING NEGLIEGENCE), STRICT LIABILITY, OR OTHERWISE.
THE CS INDICES ARE THE exclusive property of and currently sponsored by CS as Index Creator which has contracted with the relevant Index Calculation Agent to maintain and calculate the CS INDICES. Neither the Index Creator nor the relevant Index Calculation Agent has any obligation to take the needs of any person into consideration in composing, determining or calculating the CS Indices (or causing the CS Indices to be calculated). In addition, neither the Index Creator nor the Index Calculation Agent makes any warranty or representation whatsoever, express or implied, as to the results to be obtained from the use of the CS Indices and/or the level at which any of the CS Indices stands at any particular time on any particular day or otherwise, and neither the Index Creator nor the relevant Index Calculation Agent shall be liable, whether in negligence or otherwise, to any person for any errors or omissions in the Index or in the calculation of the Index or under any obligation to advise any person of any errors or omissions therein.
WE OR A COMPANY OR PERSON CONNECTED OR ASSOCIATED WITH US MAY BE AN UNDERWRITER OR DISTRIBUTOR OF, OR A MARKET MAKER OR OTHERWISE HOLD A LONG OR SHORT POSITION AS A PRINCIPAL IN, A SECURITY OR A FINANCIAL INSTRUMENT WHICH IS AN UNDERLYNG FOR PURPOSES OF THE CS INDICES. FEES MAY BE SHARED WITH THIRD PARTIES AND/OR AFFILIATES.
Figures showing the performance of the CS INDICES refer to simulated past performance up to A PARTICULAR DATE INDICATED IN RESPECT OF EACH INDEX WITHIN THIS WEBSITE, and real performance thereafter. Past performance is not a reliable indicator of future performance.
The CS Indices published on this Website are the exclusive property of CS, which has contracted with Standard & Poor's ("S&P") to maintain and calculate certain of the Indices. S&P shall have no liability for any errors or omissions in calculating any of the Indices. You agree that (i) you will not engage in any activities related to the Website that are contrary to applicable law, regulation or the terms of any agreements you have with CS and (ii) in circumstances where locations of the Website require identification for access, you will establish commercially reasonable security procedures and controls to limit access to your password or other identifying information to authorized individuals.
In the event any of the terms or provisions of these terms and conditions shall be held to be unenforceable, the remaining terms and provisions shall be unimpaired and the unenforceable terms of provisions shall be replaced by such enforceable term or provision as comes closest to the intention underlying the unenforceable term or provision. these terms and conditions shall be subject to any other agreements you have entered into with CS.
UK rules and legislation (the "E-Commerce Rules") implementing the European Union's Electronic Commerce Directive requires us to make certain disclosures to recipients of certain electronic communications and services. Certain of these disclosures are set out below. The information set out below is given by CS (which is regulated by the FSA) in relation to all of the services within the scope of the E-Commerce Rules which may be provided to you:
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This site includes certain commercial communications. By accessing this site you shall not regard such commercial communications as unsolicited.
Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. Historical performance prior to start of live calculation does not include the effect of market disruption events. Performance data is USD Excess Return unless otherwise stated.
The Credit Suisse Indices are the exclusive property of Credit Suisse. "Credit Suisse", the Credit Suisse logo, "Credit Suisse Commodity Benchmark“, "CSCB“ are trademarks or service marks or registered trademarks or service marks of Credit Suisse Group AG or one of its affiliates.
Bloomberg & UBS Disclaimer
The Investment Products are not sponsored, endorsed, sold or promoted by Bloomberg, UBS AG, UBS Securities LLC (“UBS Securities”) or any of their subsidiaries or affiliates. None of Bloomberg, UBS AG, UBS Securities or any of their subsidiaries or affiliates makes any representation or warranty, express or implied, to the owners of or counterparties to the Investment Product(s) or any member of the public regarding the advisability of investing in securities or commodities generally or in the Investment Product(s) particularly. The only relationship of Bloomberg, UBS AG, UBS Securities or any of their subsidiaries or affiliates to the Licensee is the licensing of certain trademarks, trade names and service marks and of the Bloomberg Commodities IndexSM, which is determined, composed and calculated by Bloomberg in conjunction with UBS Securities without regard to the Licensee or the Investment Product(s). Bloomberg and UBS Securities have no obligation to take the needs of the Licensee or the owners of the Investment Product(s) into consideration in determining, composing or calculating Bloomberg Commodities IndexSM. None of Bloomberg, UBS AG, UBS Securities 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 Investment Product(s) to be issued or in the determination or calculation of the equation by which the Investment Product(s) are to be converted into cash. None of Bloomberg, UBS AG, UBS Securities or any of their subsidiaries or affiliates shall have any obligation or liability, including, without limitation, to Investment Products customers, in connection with the administration, marketing or trading of the Investment Product(s). Notwithstanding the foregoing, UBS AG, UBS Securities and their respective subsidiaries and affiliates may independently issue and/or sponsor financial products unrelated to the Investment Products currently being issued by Licensee, but which may be similar to and competitive with the Investment Products. In addition, UBS AG, UBS Securities and their subsidiaries and affiliates actively trade commodities, commodity indexes and commodity futures (including the Bloomberg Commodity IndexSM and Bloomberg 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 Bloomberg Commodity IndexSM and Investment Products.
NONE OF BLOOMBERG, UBS AG, UBS SECURITIES OR ANY OF THEIR SUBSIDIARIES OR AFFILIATES GUARANTEES THE ACCURACY AND/OR THE COMPLETENESS OF THE BLOOMBERG COMMODITY INDEXSM OR ANY DATA RELATED THERETO AND NONE OF BLOOMBERG, UBS AG, UBS SECURITIES OR ANY OF THEIR SUBSIDIARIES OR AFFILIATES SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS THEREIN. NONE OF BLOOMBERG, UBS AG, UBS SECURITIES OR ANY OF THEIR SUBSIDIARIES OR AFFILIATES MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE LICENSEE, OWNERS OF THE INVESTMENT PRODUCT(S) OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE BLOOMBERG COMMODITY INDEXSM OR ANY DATA RELATED THERETO. NONE OF BLOOMBERG, UBS AG, UBS SECURITIES 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 BLOOMBERG COMMODITY INDEXSM OR ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, TO THE MAXIMUM EXTENT ALLOWED BY LAW, BLOOMBERG, ITS LICENSORS (INCLUDING UBS), AND ITS AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, AGENTS, SUPPLIERS, AND VENDORS SHALL HAVE NO LIABILITY OR RESPONSIBILITY WHATSOEVER FOR ANY INJURY OR DAMAGES—WHETHER DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, PUNITIVE OR OTHERWISE—ARISING IN CONNECTION WITH THE INVESTMENT PRODUCT OR THE BLOOMBERG COMMODITY INDEXSM OR ANY DATA OR VALUES RELATING THERETO—WHETHER ARISING FROM THEIR NEGLIGENCE OR OTHERWISE, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS AMONG BLOOMBERG, UBS SECURITIES AND THE LICENSEE, OTHER THAN UBS AG.
S&P Dow Jones Disclaimer
The "S&P GSCI" (the "Index") is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Credit Suisse International ("Licensee"). Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Licensee. Licensee's Product(s) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the Licensee's Product(s) or any member of the public regarding the advisability of investing in securities generally or in Licensee's Product(s) particularly or the ability of the Index to track general market performance. S&P Dow Jones Indices' only relationship to the Licensee with respect to the Indexes is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The Index is determined, composed and calculated by S&P Dow Jones Indices without regard to Licensee or the Licensee's Product(s). S&P Dow Jones Indices have no obligation to take the needs of the Licensee or the owners of Licensee's Product(s) into consideration in determining, composing or calculating the Index. S&P Dow Jones Indices are not responsible for and have not participated in the determination of the prices, and amount of Licensee's Product(s) or the timing of the issuance or sale of Licensee's Product(s) or in the determination or calculation of the equation by which Licensee's Product(s) is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing or trading of Licensee's Product(s). There is no assurance that investment products based on the Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.
S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE LICENSEE'S PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBLITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND LICENSEE, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.
"Standard & Poor's" is a trademark of The McGraw-Hill Companies, Inc.
This information has been issued by Credit Suisse International ("CS"), which is authorised by the Prudential Regulation Authority ("PRA") and regulated by the Financial Conduct Authority ("FCA") and the PRA. This information is private and confidential and should not be disclosed without CS' consent.
This is provided to you solely for your information and is not an offer to buy or sell, or a solicitation or an offer to buy or sell, any security or other financial instrument. Any information including facts, opinions or quotations, may be condensed or summarised and is expressed as of the date of writing. The information may change without notice and CS is under no obligation to ensure that such updates are brought to your attention.
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