THIRD-PARTY PROVIDER ADDITIONAL TERMS · 2020. 8. 18. · Refinitiv | Third-party provider...

THIRD-PARTY PROVIDER ADDITIONAL TERMS

July 2020

Refinitiv | Third-party provider additional terms 2

Refinitiv products may include data and/or software from third parties.In addition to the rights and restrictions set forth in agreement(s) that you have entered into with member(s) of the Refinitiv group (“Refinitiv”), your use of Refinitiv services is subject to the following terms:1. Third-party providers are third-party beneficiaries of Refinitiv’s rights and remedies under the agreement(s) between you

and Refinitiv. You agree to comply with all applicable third-party provider terms. Those terms may be supplied to you within the service or directly by the third-party provider. We are, from time to time, required to provide our client contact details to our third-party providers to the extent that they need such details in order to enable them to execute their contractual responsibilities.

2. You must obtain all prior approval for control and redistribution of third-party provider data, software or services. You are responsible for any and all costs and fees associated with agreements entered into with any such third-party provider. If a third-party provider ceases to make its service available to Refinitiv, or requires Refinitiv to suspend or terminate the provision of all or any part of its services to you, or if Refinitiv terminates its arrangements with the third-party provider, then Refinitiv may suspend or terminate that part of its data or services immediately, without notice or further obligation to you.

3. Except where you have entered into a relevant written agreement directly with a third-party provider, you have no contract with any third-party provider in respect of the supply or use of any third-party data or services. Third-party providers do not owe you any duty of care with respect to their data or services, nor do they accept any responsibility for them. If an implied contract or duty should be held to exist, Refinitiv, as agent for each third-party licensor and solely for the purpose of the following exclusion, disclaims all liability of each third-party licensor for any of your losses, which may arise under that implied contract or duty.

4. Third-party providers do not warrant that the provision of their data, software or services will be uninterrupted, error free, timely, complete or accurate, nor do any of them make any warranties as to the results to be obtained from use of the same. You acknowledge that third-party data, software or services do not constitute a recommendation of any kind and are provided for informational purposes only. You expressly agree that your use of third-party data, software or services is at your own risk. Accordingly, the third-party providers will not in any way be liable to you, or any other entity, for any inaccuracies, errors, omissions, delays, damages, claims, liabilities or losses, regardless of cause, in or arising from the use of the third-party data contained in Refinitiv’s services.


Supplier name Main category Description

Alacra Software Client hereby agrees to comply with any terms and conditions governing the use of any third-party website or content accessed through the Service.

American Petroleum Institute

Restrictions over and above your Refinitiv subscriber agreement

The API Weekly Statistical Bulletin (WSB) and the API Data are protected by law including, but not limited to, United States copyright and trademark law, as well as other state, national, and international laws and regulations. As a condition of being provided with access to the WSB, in addition to your subscription terms with Refinitiv, you agree to retain control over the API Data at all times, and you and your employees or agents shall not, directly or indirectly: Reproduce, distribute, plagiarize, rewrite or reprocess the API Data or any portion thereof in any other form, including, but not limited to, photocopies, facsimile copies, scanned copies in any electronic format, or any photography or electronic imaging; Post the API Data in any form to any website, whether Internet or intranet; Translate, decompile, recompile, disassemble, reverse engineer and/or create any derivative work based on the API Data; Provide third parties access to estimates, analysis or data contained within the API WSB in a manner that could infringe the intellectual property rights of API; Provide any third parties access to estimates, analysis or data contained within the API WSB without prior written permission from API; Construct or facilitate the construction of products which compete with the API Data or any portion thereof. NO WARRANTY PROVIDED. THE WSB IS OFFERED ON AN AS-IS BASIS. ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, (1) THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE FOR ANY MATERIALS PROVIDED UNDER THIS AGREEMENT, AND (2) ANY WARRANTIES AS TO THE AVAILABILITY, ACCURACY OR CONTENT OF ANY SUCH MATERIALS, ARE HEREBY DISCLAIMED BY API. EXPRESS ASSUMPTION OF THE RISK. YOU UNDERSTAND AND AGREE THERE ARE SIGNIFICANT RISKS PRESENTED BY USE OF THE WSB, INCLUDING, BUT NOT LIMITED TO; (1) FAILURE OR DELAY IN THE DELIVERY OF THE WSB, OR (2) MISTAKES, OMISSIONS, DEFECTS, OR INACCURACIES IN THE WSB. YOU HEREBY ACKNOWLEDGE THAT, DUE TO THESE AND OTHER RISKS, BASING INVESTMENT DECISIONS ON THE WSB WOULD ENTAIL SIGNIFICANT RISK OF LOSS, AND YOU EXPRESSLY AGREE TO ASSUME ALL RISK RELATED TO USE OF THE WSB. You further agree to defend, indemnify and hold harmless API, API’s contractors, API’s employees and agents, and API’s member companies for all claims by you, your employees or agents, contractors, customers or any other third parties, alleging that your use of the WSB caused any damages, losses or claims, whether grounded in contract or in tort, including negligence, or for any indirect, consequential or punitive damages, including, but not limited to, loss of profits or anticipated savings. These terms do not replace or supersede the Refinitiv Third-Party restrictions, but in the event of a conflict between these terms and the Refinitiv Third-Party restrictions, you hereby agree to abide by these terms.

ARC Research Limited

Additional information

Clients can redistribute any amount of raw data from ARC Research Limited’s PCI indices provided that such redistribution is in the ordinary course of their business in a manner or circumstances where they do not generate revenue as a direct result of such redistribution, and is not in connection with information vending or commercial publishing activities. For vending or commercial publishing activities, clients need to enter into a direct agreement with ARC Research Limited. Contact Daniel Hurley at [email protected].

Asia Pacific Exchange

Disclaimer and attribution

The market data is the property of Asia Pacific Exchange Pte. Ltd. and its licensors. All rights reserved.

ASX Benchmark Data


This information is proprietary to the ASX Group. All rights are reserved. You may only use this information in accordance with the ASX Benchmark Data Subscriber Agreement. To the fullest extent permitted by law, this information is provided “as is” and you may not rely on it as being accurate or comprehensive. You should independently verify the accuracy and comprehensiveness of this information.

Australian Financial Markets Association Incorporated (AFMA)


The information is proprietary to AFMA and third parties. All rights are reserved. Clients may only use this information in accordance with the Subscriber Agreement. To the fullest extent permitted by law, AFMA provides the information “as is” and clients may not rely on it as being accurate or comprehensive. You should independently verify the accuracy and comprehensiveness of the information.

Australian Securities Exchange (ASX)


Client hereby agrees to comply with any terms and conditions governing the use of any third-party website or content accessed through the Service. Note that all clients must abide by the rules and requirements as per the ASX Market Information Product and Services Guide which can be found in the following link: https://www.asxonline.com/marketinfo/product.shtm.

Data providers

mailto:pci%40assetrisk.co?subject=

https://www.asxonline.com/marketinfo/product.shtm


Supplier name Main category DescriptionBank of America Securities (BOFAS)


Certain content and data provided on the platform and through the services is provided by BOFA Securities, Inc. (“BOFAS”) and is used with permission (“BOFAS content”). BOFAS makes no representations or warranties of any kind, either express or implied, with respect to the BOFAS content, any information or data contained therein or any analysis therefrom, including without limitation, any implied warranty of merchantability, non-infringement or fitness for a particular purpose with respect to the BOFAS content or the investment results to be obtained by any party using the BOFAS content. Any and all such warranties are hereby disclaimed. The BOFAS content is provided “as is.” The BOFAS content shall not be used for purposes of (i) creating, buying or selling any financial product, including determining the timing of purchase or sale of any financial product or selecting any financial product for purchase or sale; or (ii) generating research for sale for public brokerage activities, asset management or investment purposes. BOFAS hereby specifically disclaims any losses whatsoever (including trading losses) arising from your use or reliance on BOFAS content. You expressly agree that use of the foregoing is at your sole risk and subject to any disclaimers and disclosures herein or included with the BOFAS content. If you use less than the entire item of any BOFAS content (for instance, less than an entire research report), you acknowledge that this disclaimer applies to that use, and further, you acknowledge that items of BOFAS content are intended to be read in their entirety and that using less than an entire item of any BOFAS content may distort or materially affect its intended meaning. Moreover, depending on what BOFAS content you use, the BOFAS content may be out of date and not representative of current market conditions. BOFAS does not warrant that the transmission of the BOFAS content will be uninterrupted, undelayed or error free, nor does it make any warranties as to the results to be obtained from use of the BOFAS content or from investment in any of the securities (or any combination thereof) referred to in the BOFAS content. Without limiting the generality of the foregoing, BOFAS expressly disclaims any responsibility or liability for any inaccuracies, delays or inconsistencies in the BOFAS content, or for any reliance thereon by you or any party who obtains BOFAS content from any source. BOFAS does not sponsor, endorse or recommend refinitiv, or any of its products or services. BOFAS content may not be redistributed, retransmitted or disclosed, in whole or in part, or in any form or manner without the express written consent of BOFAS. BOFAS does not have the authority to allow you to use data obtained from third parties that may be included in BOFAS content, and you may not use such third-party data unless you have independently obtained authority to do so. Except as otherwise agreed upon between you and refinitiv, you may only use BOFAS content for your internal business purposes. Receipt and review of BOFAS content constitutes your agreement not to redistribute, retransmit, or disclose to others the content, opinions, conclusions, data or information contained in such BOFAS content without first obtaining express permission from an authorized officer of BOFAS. Provision of the BOFAS content is not intended to provide investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of, and is not directed to, any specific person(s) or other entity(ies). The BOFAS content does not constitute, and should not be considered to constitute, investment advice for purposes of ERISA, the U.S. Tax code, the investment advisers act or otherwise. BOFAS is not acting as a fiduciary with respect to you or your clients.

Barclays Capital (formerly Lehman Brothers)

Restrictions over and above your Refinitiv subscriber agreement/ Disclaimer and attribution

1. Restrictions on Use of Barclays Embargoed Research (the “Research”). Recipient agrees that it shall not, directly or indirectly, (a) modify, copy, translate, decompile, recompile, disassemble, reverse engineer and/or create any derivative work based on the Research; (b) plagiarize, rewrite or reprocess the Research; (c) redistribute the Research or any portions thereof to anyone without prior written consent from Barclays Bank PLC and its affiliates (“Barclays”); (d) grant any rights in or provide access to and/or otherwise distribute the Research in a manner that could infringe the intellectual property rights of Barclays; (e) construct or facilitate the construction of products which compete with the Research; or (f) violate any applicable laws or regulations relating to use of the Research during the term of this Agreement. Notwithstanding anything to the contrary in the foregoing, Recipient may use, on an ad hoc basis, insubstantial portions of the Research in reports and presentations to its clients, prospective clients and its professional advisors, provided that Barclays is cited as the source of the Research. 2. Title Recipient acknowledges and agrees that (a) full title and all proprietary and intellectual property rights of any nature in the Research (including without limitation patents, copyrights and trademarks) and any and all copies, modifications, enhancements and derivative works thereof are owned by Barclays and shall remain the sole property of Barclays; (b) Recipient shall have no right or interest in such Research, except the right to use such Research in accordance with the terms and conditions of this Agreement; (c) the Research as compiled, prepared, selected and arranged by Barclays constitutes an expenditure of substantial time, effort and money by Barclays and constitutes valuable commercial property and/or trade secrets of Barclays; (d) Recipient will not remove any copyright notice disclosure, disclaimer or other notification or trade name or marks of Barclays that may appear in the Research and that any authorized reproduction and/or redistribution of the Research shall contain such notices and/or marks as they appear in the Research. Recipient may not use the Barclays name or trademarks without the prior written consent of Barclays. 3. DISCLAIMER OF REPRESENTATIONS AND WARRANTIES RECIPIENT ACKNOWLEDGES AND AGREES THAT: (A) THE RESEARCH IS PROVIDED “AS IS” WITH ALL FAULTS AND RECIPIENT’S USE OF THE RESEARCH IS AT RECIPIENT’S OWN RISK; (B) ALL REPRESENTATIONS AND WARRANTIES OF ANY KIND WITH REGARD TO THE RESEARCH ARE HEREBY DISCLAIMED, INCLUDING WITHOUT LIMITATION ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, QUALITY, ACCURACY, FITNESS FOR A PARTICULAR PURPOSE, AND/OR WARRANTIES AS TO ANY RESULTS TO BE OBTAINED BY AND/OR FROM THE USE OF THE RESEARCH;


Supplier name Main category DescriptionBarclays Capital (formerly Lehman Brothers) cont.

Restrictions over and above your Refinitiv subscriber agreement/ Disclaimer and attribution

(C) BARCLAYS DOES NOT WARRANT THAT THE RESEARCH WILL BE UNINTERRUPTED, UNDELAYED, COMPLETE, ACCURATE OR ERROR FREE, NOR DOES IT MAKE ANY WARRANTIES AS TO THE RESULTS TO BE OBTAINED FROM USE OF THE RESEARCH; (D) OTHER THAN DISCLOSURES RELATING TO BARCLAYS, THE INFORMATION CONTAINED IN THE RESEARCH HAS BEEN OBTAINED FROM SOURCES THAT BARCLAYS BELIEVES TO BE RELIABLE, BUT BARCLAYS DOES NOT REPRESENT OR WARRANT THAT IT IS ACCURATE OR COMPLETE; AND (E) BARCLAYS IS NOT RESPONSIBLE FOR, AND MAKES NO WARRANTIES WHATSOEVER AS TO, THE CONTENT OF ANY THIRD-PARTY WEBSITE ACCESSED VIA ANY HYPERLINK IN THE RESEARCH AND SUCH INFORMATION IS NOT INCORPORATED BY REFERENCE. 4. Limitation of Liability Without limiting any of the foregoing and to the extent permitted by law, in no event shall Barclays, nor any affiliate, nor any of their respective officers, directors, partners or employees have any liability for (a) any special, punitive, direct, indirect or consequential damages; or (b) any lost profits, lost revenue, loss of anticipated savings or loss of opportunity or other financial loss, even if notified of the possibility of such damages, arising from any use of the Research or its contents. Recipient shall indemnify and hold harmless Barclays and any related third parties for any claims, costs, damages or losses arising out of or related to Recipient’s use of any of the Research. 5. No Investment Adviser or Fiduciary Relationship Recipient acknowledges and agrees that Barclays is not acting as an Investment Adviser (as defined in the Investment Advisers Act of 1940), discretionary manager or fiduciary to the Recipient or any of its clients and none of the Research shall be used by the Recipient in connection with any investment decision by the Recipient or its clients. 6. For Informational Purposes Only The Research is provided for informational purposes only. Under no circumstances should the Research be considered as an offer to sell or a solicitation of any offer to buy the securities or other financial instruments mentioned therein. Opinions expressed in the Research are subject to change without notice. The securities and financial instruments mentioned in the Research may not be eligible for sale in some states or countries and also may not be suitable for all types of investors; their value and the income they produce may fluctuate and/or be adversely affected by exchange rates.

Bangladesh Foreign Exchange Dealer’s Association

Disclaimer & attribution

The concerned information is published by the Bangladesh Foreign Exchange Dealers Association on a daily basis. The information contained on the BAFEDA website is derived from sources we believe to be reliable, but which we have not independently verified. BAFEDA makes no guarantee as to the accuracy or completeness of the information in the website and is not responsible for errors of transmission of factual or analytical data, nor shall it be liable for damages arising out of any person’s reliance upon this information. This information is neither an offer to lend or solicitation of an offer to borrow and is only meant as a reference information.

Bing Software Please access the document by clicking on the link.

Bloomberg Commodities Index


Client is required, as a condition of continued access to information relating to the Bloomberg Commodity Index family (the “Data”) to comply with the terms of use set out below. Client must sign a Refinitiv agreement before accessing the Data. Client agrees that it shall not: (i) distribute the Data externally (except for insubstantial amounts of Data on a non-systematic basis) or (ii) create derivative works from the Data (except that Client may use Analytics provided within the applicable Refinitiv service). “Analytics” means functionalities, charts and analytics as may be generated or customizable by individual users within Client within the applicable Refinitiv service.

https://www.microsoft.com/en-us/maps/product/terms-april-2011


Supplier name Main category DescriptionBloomberg Finance L.P. disclaimer applicable to the Qatar Interbank Offered Rate (QIBOR)


Qatar Interbank Offered Rates (QIBOR) fixings are calculated solely by Bloomberg Finance L.P. (“Bloomberg”) and/or its affiliates (“Bloomberg”) and owned by the Qatar Central Bank (“QCB”). QIBOR fixings are provided here solely for internal business or personal use. By accessing and/or using or downloading QIBOR fixings or any other content of this website, you indicate your agreement not to use QIBOR fixings other than as authorized in the previous paragraph. QIBOR fixings shall not be distributed, licensed, modified, published, re-posted, reproduced, reused, sold, transmitted, used to create a derivative work or otherwise used for public or commercial purposes without the prior written permission of QCB and Bloomberg. The values of QIBOR fixings are derived from sources deemed reliable, but QCB, Bloomberg and their respective affiliates and suppliers do not guarantee the correctness or completeness of the QIBOR fixings, its values or other information furnished in connection with the QIBOR fixings. QCB, Bloomberg and their respective affiliates make no warranty, express or implied, as to results to be obtained by any person or entity from the use of the QIBOR fixings, Bloomberg’s services or any data or values included therein or in connection therewith. QCB, BLOOMBERG AND THEIR RESPECTIVE AFFILIATES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE QIBOR FIXINGS AND ANY DATA OR VALUES INCLUDED THEREIN OR IN CONNECTION THEREWITH. QCB, Bloomberg and their respective affiliates, and their respective partners, employees, subcontractors, agents, suppliers and vendors shall have no liability or responsibility, contingent or otherwise, for any injury or damages, whether caused by the negligence of QCB, Bloomberg or their respective affiliates, or their respective partners, employees, subcontractors, agents, suppliers or vendors or otherwise, arising in connection with the QIBOR fixings or any data or values included therein or in connection therewith and shall not be liable for any lost profits, losses, punitive, incidental or consequential damages. QCB, Bloomberg and their respective affiliates, and their respective partners, employees, subcontractors, agents, suppliers and vendors shall not be responsible for or have any liability for any injuries or damages caused by errors, inaccuracies, omissions or any other failure in, or delays or interruptions of, the QIBOR fixings or any data or values included therein or in connection therewith, from whatever cause. QCB, Bloomberg and their respective affiliates, and their respective partners, employees, subcontractors, agents, suppliers and vendors are not responsible for the selection of or use of the QIBOR fixings or any data or values included therein or in connection therewith, the accuracy and adequacy of the QIBOR fixings or any data or values included therein or in connection therewith or information used by you and the resultant output thereof.

Bloomberg Index Services Limited – ISDA Fallback Data

Restrictions over and above your Refinitiv Subscriber agreement

Usage Terms for use of ISDA Fallback Data: 1. License. Client and its Affiliates agree to the following additional terms governing the use of the ISDA Fallback Data provided by Bloomberg Index Services Limited (BISL): (a) The Fallback Rate(s) shall be used solely as a reference rate or fallback reference rate in Financial Products; (b) With respect to such Financial Products, use of the Fallback Rate(s) may include use in valuation and pricing activities, including, but not limited to, use in collateral calculations, interest rate fixings, and the creation of pricing, discount and forward curves; and (c) Use of the mark “Bloomberg” shall be solely to the extent necessary to indicate “calculated by Bloomberg” as the source of the Fallback Rates. Anything to the contrary notwithstanding, prior to the fixing of the Spread Adjustment with respect to a Fallback Rate(s) in accordance with the conventions established for such Spread Adjustment becoming fixed in the ISDA Documentation (each, a “Fixing Event”), use of such Fallback Rate(s) shall be limited to a secondary, fallback reference rate only, and not as a primary reference, within any Financial Product. 2. No Redistribution. The license granted under clause 1 does not permit Client to distribute or re-distribute the Fallback Rates other than to its Affiliates for use in connection with clause 1 above. Notwithstanding the foregoing, Client and/or one of its Affiliates may disclose the Fallback Rate(s) used as a reference rate in a transaction or Financial Product to its counterparty to such transaction or Financial Product solely for the purposes of identifying the reference rate so used. Clients may create charts, tables and graphs using or referring to the Fallback Data; provided such output: (i) does not constitute, and is not intended to create or support a functional substitute for the Fallback Data or any portion thereof; and (ii) is limited to use by individual Clients for individual use and not distributed to other Clients or externally except for insubstantial portions on a non-systematic basis. Except as permitted by the preceding sentence, no derived works are permitted using the Fallbacks Data. 3. Liability. A Client receiving the Fallback Rate(s) from a Vendor hereby acknowledges and agrees that the disclaimers, indemnity obligations, limitations on liability and other such terms for the benefit of Vendor under such Client’s agreement with Vendor shall apply and be for the benefit of BISL and its Affiliates as third party beneficiaries, including for the use of the Fallback Rate(s) as permitted under these additional Usage Terms. 4. Updates. These Usage Terms, including the fees set forth above, may be updated from time to time by BISL and shall take effect upon ninety (90) days after they are posted on the following website: https://www.bloomberg.com/professional/solution/libor-transition/

https://www.bloomberg.com/professional/solution/libor-transition/


Supplier name Main category DescriptionBloomberg SIFMA Municipal Swap Index


The SIFMA Municipal Swap Index (the “Index”) is calculated solely by Bloomberg Finance L.P. (“Bloomberg”) and/or its affiliates (“Bloomberg”) and owned by the Securities Industry and Financial Markets Association (“SIFMA”). The Index is provided here solely for internal business or personal use. By accessing the Index, you indicate your agreement not to use the Index other than as authorized in the previous paragraph. The Index shall not be distributed, licensed, modified, published, re-posted, reproduced, reused, sold, transmitted, used to create a derivative work or otherwise used for public or commercial purposes without the prior written permission of SIFMA and Bloomberg. The values of the Index are derived from sources deemed reliable, but SIFMA, Bloomberg and their respective affiliates and suppliers do not guarantee the correctness or completeness of the Index, its values or other information furnished in connection with the Index. SIFMA, Bloomberg and their respective affiliates make no warranty, express or implied, as to results to be obtained by any person or entity from the use of Index or any data or values included therein or in connection therewith. SIFMA, BLOOMBERG AND THEIR RESPECTIVE AFFILIATES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE INDEX AND ANY DATA OR VALUES INCLUDED THEREIN OR IN CONNECTION THEREWITH. SIFMA, Bloomberg and their respective affiliates, and their respective partners, employees, subcontractors, agents, suppliers and vendors shall have no liability or responsibility, contingent or otherwise, for any injury or damages, whether caused by the negligence of SIFMA, Bloomberg or their respective affiliates, or their respective partners, employees, subcontractors, agents, suppliers or vendors or otherwise, arising in connection with the Index or any data or values included therein or in connection therewith and shall not be liable for any lost profits, losses, punitive, incidental or consequential damages. SIFMA, Bloomberg and their respective affiliates, and their respective partners, employees, subcontractors, agents, suppliers and vendors shall not be responsible for or have any liability for any injuries or damages caused by errors, inaccuracies, omissions or any other failure in, or delays or interruptions of, the Index or any data or values included therein or in connection therewith, from whatever cause. SIFMA, Bloomberg and their respective affiliates, and their respective partners, employees, subcontractors, agents, suppliers and vendors are not responsible for the selection of or use of the Index or any data or values included therein or in connection therewith, the accuracy and adequacy of the Index or any data or values included therein or in connection therewith or information used by you and the resultant output thereof.

Borsa Istanbul Restrictions over and above your Refinitiv subscriber agreement

Where data is distributed via a Datafeed, the Client must have in place an entitlement system: a) whereby each User/Device accesses Borsa Istanbul real-time information through a user ID and confidential password; and b) that is able to report access to the information in accordance with the exchange’s unit of count policy. Entitlement records must be retained for a period of 5 years following the period to which the records relate. Clients in receipt of Borsa Istanbul information are subject to the terms and conditions of the exchange’s data distribution agreement, and use of the exchange’s data must be compliant with those terms and conditions. In the event of an audit by Borsa Istanbul, the Client shall provide the exchange personnel or their representatives full access to its premises, shall provide all the documents and information deemed necessary by the exchange and shall sign the official reports and minutes drawn up by the exchange. Client is not permitted to use Borsa Istanbul information to establish new markets providing opportunities for trading Borsa Istanbul-listed securities through its own system nor to be involved in activities for the distribution of the transaction and prices originated in these new markets.

Budapest Stock Exchange


The BSE shall hold all intellectual property rights of the data.

Buzz Analytics Software 1. Definitions: “Malicious Code” means viruses, worms, time bombs, Trojan horses and other harmful or malicious code, files, scripts, agents or programs. “Analytics” are discrete questions and topics being analyzed with the Services. Opinion Analytics is a single pie chart (and/or other graphical depiction) often analyzing opinions and showing the proportion of documents falling in relevant answer categories. Buzz Analytics is a set of topics for which key word counts are being tracked. 2. Services 2.1 Buzz Analytics User Subscriptions. Unless otherwise specified herein, (i) Buzz Analytics Services are purchased as User subscriptions and may be accessed by no more than the specified number of Users, (ii) additional User subscriptions may be added during the subscription term at an additional cost, and (iii) the added User subscriptions shall terminate on the same date as the pre-existing subscriptions. User subscriptions are for designated Users and cannot be shared or used by more than one User but may be reassigned to new Users replacing former Users who no longer require ongoing use of the Services. 2.2 Opinion Analytics Subscriptions. Unless otherwise specified herein, regarding the Services, (i) Opinion Analytics Services are purchased as access to individual Analytics, and may be accessed by Users designated by Client, (ii) additional Analytics subscriptions may be added during the subscription term at an additional cost as specified in the Addendum, and (iii) the added Analytics subscriptions shall terminate after the contracted period of time. 2.3 User and Analytics Fees. Except as otherwise specified herein or in an Addendum, (i) fees are based on services purchased and not actual usage, (ii) payment obligations are non-cancelable and fees paid are non-refundable, and (iii) the number of User and/or Analytics subscriptions purchased cannot be decreased during the relevant subscription term stated on the Addendum. Subscription fees are based on monthly/annual (as specified herein) periods that begin on the subscription start date and each monthly/annual anniversary thereof; therefore, fees for User or Analytics subscriptions added in the middle of a monthly/annual period will be charged for that full monthly/annual period and the monthly/annual periods remaining in the subscription term.


Supplier name Main category DescriptionBuzz Analytics cont.

Software 3. Use of the Services 3.1. Client’s Responsibilities. Client shall (i) be responsible for Users’ compliance with the Client Agreement and these Supplemental Terms, (ii) be solely responsible for the accuracy, quality, integrity and legality of Client Content and of the means by which Client acquire(d) Client Content, (iii) use commercially reasonable efforts to prevent unauthorized access to or use of the Services, and notify Refinitiv promptly of any such unauthorized access or use, and (iv) use the Services only in accordance with applicable laws and government regulations. Client shall not (a) make the Services available to anyone other than Users, (b) sell, resell, rent or lease the Services unless specifically authorized by Refinitiv in writing, (c) use the Services to store or transmit infringing, libelous, or otherwise unlawful or tortious material, or to store or transmit material in violation of third-party privacy rights, (d) use the Services to store or transmit Malicious Code, (e) interfere with or disrupt the integrity or performance of the Services or third-party data contained therein, (f) attempt to gain unauthorized access to the Services or their related systems or networks, or (g) access the Services for purposes of monitoring their availability, performance or functionality, or for any other benchmarking or competitive purposes. 3.2. Usage Limitations. Services may be subject to other limitations, such as, for example, limits on disk storage space, limits on the number of Buzz Analytics accounts Client may create, or the number of Opinion Analytics user accounts Client may create. Buzz Analytics accounts that have not been accessed for 30 days will be disabled unless mutually agreed otherwise. 4. Proprietary Rights 4.1. Restrictions. Client shall not (i) frame or mirror any part or content of the Services, other than framing on Client’s own intranets or otherwise for Client’s own internal business purposes, or (ii) access the Services in order to (a) build a competitive product or service, or (b) copy any features, functions or graphics of the Services. 4.2. Ownership of Your Data. As between Refinitiv and Client, Client exclusively owns all rights, title and interest in and to all of the data you enter into the Services (such as combinations of keywords and search terms). However, data that is returned via the Services, such as online content (e.g., blogs, forum posts, etc.) or output data from the analysis, such as volume of posts or proportions of documents in an Analytics category are not owned by Client. ANY DATA YOU ENTER INTO THE SERVICES, AND ANY CUSTOMIZATIONS MADE TO THE SERVICES BY OR FOR CLIENT WILL BE PERMANENTLY LOST UPON TERMINATION OF THE SUBSCRIPTION TO THE SERVICES INTO WHICH THE DATA WAS ENTERED. 4.3. License. Refinitiv shall have a royalty-free, worldwide, transferable, sublicensable, irrevocable, perpetual license to use or incorporate into the Services any suggestions, enhancement requests, recommendations or other feedback provided by Client, including Users, relating to the operation of the Services. 4.4. Survival. The provisions of this Section 4 shall survive any termination of the Services or the Client Agreement. 5. Confidentiality 5.1. Client shall receive, hold and use Confidential Information of Refinitiv and Refinitiv suppliers, including without limitation the Services, subject to the terms and conditions of the Agreement. 5.2. Publicity. All media releases, public announcements and public disclosures by either Refinitiv or Client or their respective employees or agents relating to the Services or the relationship of the parties that explicitly reference the other party, including without limitation promotional or marketing material, but not including any announcement intended solely for internal distribution or any disclosure required by legal, accounting or regulatory requirements, shall be coordinated with and approved by the other party in writing prior to the release thereof. Notwithstanding the above, each party agrees that the other may disclose, without approval, the existence of a contractual relationship between the parties and may include the party’s name and logo on lists of parties with whom the other party is conducting business. 6. Indemnification 6.1. Indemnification of Third-Party Providers. Client’s indemnity obligations under the Agreement shall be applicable to Third-Party Providers to the same extent as Refinitiv, and Refinitiv may exercise such rights on behalf of such Third-Party Providers. 7. Limitation of Liability 7.1. Exclusion of Consequential and Related Damages. IN NO EVENT WILL THE THIRD-PARTY PROVIDER OF THE ANALYTICS SERVICES BE LIABLE FOR ANY INDIRECT, CONSEQUENTIAL, PUNITIVE, SPECIAL OR EXEMPLARY DAMAGES (INCLUDING, BUT NOT LIMITED TO, LOSS OF PROFITS OR GOODWILL RESULTING THEREFROM), REGARDLESS OF CAUSE AND REGARDLESS OF WHETHER OR NOT SUCH THIRD-PARTY PROVIDER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 7.2. Survival. The provisions of this Section 7 shall survive any termination of the Services or the Agreement.

Cambridge Associates Private Equity Benchmarking


Please access the documents by clicking on the link.

https://thesource.refinitiv.com/thesource/getfile/index/e408541b-0804-446c-ba24-6fa7646ffad0


Supplier name Main category DescriptionCanadian Dollar Offered Rate (CDOR)


The Canadian Dollar Offered Rate (“CDOR”) is calculated and administered by Refinitiv Benchmark Services Limited (“RBSL”). None of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Toronto-Dominion Bank and any other submitter to CDOR (the “CDOR Submitters”), their respective affiliates, nor any of their or their affiliates’ respective directors, officers, employees or agents (collectively the “Disclaiming Parties”) shall be liable in respect of the accuracy or the completeness of CDOR or the submissions and data related thereto (“CDOR Data”) and none of the Disclaiming Parties shall have any liability for any errors, omissions, delays or interruptions in providing CDOR or CDOR Data. None of the Disclaiming Parties makes any warranty, condition, guarantee or representation, express or implied, as to results to be obtained by use of CDOR or CDOR Data. CDOR and CDOR Data is provided “as is” and no Disclaiming Party makes any express or implied warranties, conditions, guarantees or representations, with respect to CDOR or CDOR Data. No Disclaiming Party shall be responsible or liable for any loss, cost, liability, claim, interest, fine, penalty, assessment, taxes, damages available at law or in equity, expense costs, fees and expenses of legal counsel or diminution in value that any person suffers or incurs as a result of its use of or reliance on CDOR or CDOR Data. Each Disclaiming Party expressly disclaims all warranties and conditions of merchantability or fitness for a particular purpose or use, satisfactory quality or non-infringement with respect to CDOR or CDOR Data or any data related thereto. Without limiting any of the foregoing, in no event shall any Disclaiming Party have any liability for any loss of profit, loss of or anticipated loss of revenue, loss of use, business interruption, loss of use of any equipment, loss of any contract or other business opportunity or goodwill or indirect, punitive, special, incidental, consequential or exemplary damages, even if advised of the possibility of such loss or damages or whether such loss or damages otherwise would have been foreseen. This exclusion and limitation of liability shall not exclude or restrict the liability of the Disclaiming Parties or any other person: (a) in respect of the fraud, bad faith, wilful default or gross negligence of the applicable Disclaiming Party; (b) in respect of personal injury or death resulting from negligence; or (c) otherwise to the extent it cannot be excluded or restricted in accordance with applicable law. The exclusions and limitations of liability contained herein shall apply whether: (a) a claim arises in contract, tort, negligence, strict liability, breach of statutory duty, contribution or otherwise; or (b) a claim is brought directly or as a third-party claim. CDOR and CDOR Data are provided for general information purposes only and the provision of CDOR and CDOR Data does not constitute legal, financial or other professional advice. No Disclaiming Party shall be responsible for any costs or damages resulting from your use of or reliance on CDOR or CDOR Data, (or anybody accessing CDOR or CDOR Data via you), including but not limited to decisions relating to the sale and purchase of instruments or legal, compliance and/or risk management decisions. You agree that you access the content at your own risk in these respects.

Cboe Futures Exchange

Uniform subscriber addenda

Please access the document by clicking on the link.

Cboe Futures Exchange: Derivative works – limitation of Use of Information



CBOT Uniform subscriber addenda


CFETS (China Foreign Exchange Trade System)


Any CFETS data except the CFETS benchmark and CFETS FX EOD data can only be used for display purposes in Information Terminals/Desktops. Use of CFETS data in applications is strictly prohibited. This excludes the CFETS benchmark and CFETS FX EOD data for users that subscribed to these services. Any subscriber and user of CFETS data should follow the rules hereafter:1) CFETS data except benchmark data and FX EOD can only be used for normal internal business operation purposes. The data shall not be redistributed, retransmitted, resold or re-licensed. Subscribers are only allowed to distribute limited extracts of the data internally and externally in a non-systematic, non regular way which is not via applications. Subscribers cannot use Information Terminals as data servers, or transmit or distribute the data to other systems or any applications or programs. 2) Subscribers/users are only allowed to use and search CFETS data in the Information Terminal/Desktop that the data is permissioned to. 3) If CFETS data is referred to due to any reason or by any means, CFETS (China Foreign Exchange Trade System) shall be explicitly attributed as the data source. 4) Creating derived data is not allowed by CFETS excepting CFETS benchmark and CFETS FX EOD data. The definition of “Derived data” refers to any data developed by using CFETS data through adaptation, translation, modification, addition or deletion, annotation, arrangement or other similar methods, including but not limited to indices, yield curves, interest rate curves, foreign exchange curves and valuations. For CFETS benchmark and FX EOD data, Derived data is allowed for enterprise user but only for their internal usage, and no redistribution of Derived data by clients is allowed. 5) Non-display usage is allowed for CFETS benchmark and CFETS FX EOD enterprise only for client’s internal purpose. Clients cannot redistribute or use the CFETS benchmark and FX EOD data in a non-display way beyond its company definition.

https://thesource.refinitiv.com/thesource/getfile/index/101f6835-d17d-4e7b-a8d5-275f121fcf28

https://www.refinitiv.com/en/policies/third-party-provider-terms/cbo-futures-exchange-derivative-works

https://thesource.refinitiv.com/thesource/getfile/index/d65b6720-1807-454c-b3f8-70b41fd4dadc


Supplier name Main category DescriptionChina Exchanges Services Company Limited (CESC)


China Exchanges Services Company Limited (CESC) endeavors to ensure the accuracy and reliability of the information provided, but does not guarantee its accuracy and reliability and accepts no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon the information provided. CESC is not an investment advisor. Appropriate independent professional advice should be sought where necessary. All of the information, materials and data provided do not constitute any offer or invitation to make any kind of investment. Past performance is also not a guide to future performance and does not guarantee future results.

China Investment Information Services Ltd (CIIS)

Restrictions over and above your Refinitiv subscriber agreement/Audit requirements

The Subscriber is required, as a condition of continued access to Shanghai Stock Exchange and China Indices information (“Information”), to comply with the terms of use set out below. CIIS shall be entitled to conduct, or arrange for a third party to conduct, Information audit of the Subscriber in order to control the compliance with the terms and conditions of use of Information determined by the CIIS. The Subscriber shall maintain, for a period of three years, complete and accurate records or accounts of its user to enable accurate calculations of the fees due to CIIS. No Subscriber shall, without the prior written approval of CIIS, further disseminate the Information or any part thereof to any other person except Subscriber may distribute limited extracts of the Information provided this is done infrequently in a non-systematic manner. However, CIIS should have sole and absolute discretion to define limited, infrequent and non-systematic in this condition. No Subscriber shall use or permit the use of the Information or any part thereof for any illegal purpose. No Subscriber shall use the Information or any part thereof other than in the ordinary course of its own business (which shall not include dissemination to third parties) except Subscriber may distribute limited extracts of the Information provided this is done infrequently in a non-systematic manner. However, CIIS should have sole and absolute discretion to define limited, infrequent and non-systematic in this condition. No Subscriber shall use the Information or any part thereof to establish, maintain or provide or to assist in establishing, maintaining or providing an Off Market. No Subscriber shall decipher the Information or use the Information, without prior written consent of CIIS, for (i) calculation of indices of stocks, securities, commodities, markets, or for (ii) development, issuance, creation or sponsorship of any financial instruments or investment products (including, without limitation, derivatives, structured products, investment funds or exchange-traded funds) where the price, return and/or performance of such instrument or product is based on, related to or intended to track, any element of the Information or a proxy for such element. CIIS shall be able to terminate the Subscriber’s contract at CIIS’s direction at any time should Subscriber be in breach of any of the provisions of such contract and has failed to rectify such breach within 30 days of receipt of written notice of the breach. The Subscriber shall not provide access to the Information to any end user who is not an employee of the Subscriber. The Subscriber shall ensure that the Information is used only by its end users pursuant to the terms and conditions of its contract with Refinitiv using the unique password and secure identification device assigned to that end user. The Subscriber shall ensure that there are effective controls to prevent simultaneous log-in by the same end user account on different Subscriber Units and sharing of Subscriber Units, passwords and secure identification devices by individual end users. Each Subscriber Unit may only be used by one designated end user. If CIIS audit visit discloses that the Subscriber Fees paid by the Subscriber over the period being investigated were more than 5% underreported, in any event, where the audit visit discloses that any of the Subscriber Reports were inaccurate by understatement, the Subscriber shall pay an amount equal to the difference between the amount which should have been previously paid to the CIIS if such reports had been accurate and the amount actually paid to the CIIS plus interest from the original due date up to the date the payment is actually received by Licensor at the monthly rate of 4 percent for the currency of the outstanding amount as at the applicable due date. No Subscriber shall, without the prior written approval of CIIS disseminate the Information or any part thereof to any other person. The guidelines of Reporting, Audit, Non-Display Information Usage, etc. can be found at the following URL: http://www.ciis.com.hk

Chi-X Australia Restrictions over and above your Refinitiv subscriber agreement

Consumer Firms that receive Real-time Chi-X Australia Data are required to retain books and records of access to and use of the Real-time Chi-X Australia Data for 3 years and provide the information to Refinitiv for reporting upon request.

Chi-X Australia Audit requirements

Consumer Firms that receive Real-time Chi-X Australia Data are required to retain books and records of access to and use of the Real-time Chi-X Australia Data for 3 years and provide the information to Refinitiv for reporting upon request.

Citigroup Restrictions over and above your Refinitiv subscriber agreement

You may not authorize or license the use of the index data and/or any of its constituent indexes as components or benchmarks of financial instruments, contracts or securities, whether publicly or privately issued, bought or sold.

CME Uniform subscriber addenda


http://www.ciis.com.hk



Supplier name Main category DescriptionCME Europe Uniform

subscriber addenda


COMEX (div. of NYMEX)



Credit Analysis & Research Limited (CARE)


Clients are advised to refer to the CARE's website at www.careratings.com for the completeness of the original information provided by CARE.

CUSIP Restrictions over and above your Refinitiv subscriber agreement/No insubstantial redistribution allowed

The CUSIP database, when contained in a service, is and shall remain valuable intellectual property owned by or licensed to, CUSIP Service Bureau, Standard & Poor's (“S&P”) and the American Bankers Association (“ABA”), and that no proprietary rights are being transferred to you in such materials or in any of the information contained therein. Misappropriation or misuse of such materials will cause serious damage to S&P and ABA; consequently, in the event of any misappropriation or misuse, S&P and ABA shall have the right to obtain injunctive relief. You shall not publish or distribute in any medium the CUSIP database or any information contained therein or summaries or subsets thereof to any person or entity except in connection with the normal internal processing of security transactions. The use of CUSIP numbers and descriptions is not intended to create or maintain, and does not serve the purpose of the creation or maintenance of, a file of CUSIP descriptions or numbers for any other third-party recipient of such service and is not intended to create and does not serve in any way as a substitute for the CUSIP MASTER TAPE, PRINT, ELECTRONIC AND/OR CD-ROM SERVICES. IN NO EVENT SHALL THE LIABILITY OF S&P, ABA OR ANY OF THEIR AFFILIATE PURSUANT TO ANY CAUSE OF ACTION, WHETHER IN CONTRACT, TORT OR OTHERWISE EXCEED THE FEE PAID BY YOU FOR ACCESS TO SUCH MATERIAL IN THE MONTH IN WHICH SUCH CAUSE OF ACTION IS ALLEGED TO HAVE ARISEN. FURTHERMORE, S&P AND ABA SHALL HAVE NO RESPONSIBILITY OR LIABILITY FOR DELAYS OR FAILURES DUE TO CIRCUMSTANCES BEYOND ITS CONTROL.

Daiwa Institute of Research and Daiwa Securities

Restrictions over and above your Refinitiv subscriber agreement/No insubstantial redistribution allowed

1. Client shall be solely responsible for use of the Daiwa Capital Market Indices (the “Data”), and Daiwa Institute of Research and Daiwa Securities shall not be liable, to Client or any third party (including any user), for anything with regard to content of the Data or use of the Data. 2. Client acknowledges that the Data may contain errors and is provided AS IS, and that Client shall be solely responsible for use of the Data. Daiwa Institute of Research and Daiwa Securities shall be discharged from all responsibilities with regard to the content of the Data (including, without limitation, accuracy, timeliness or fitness for a particular purpose), including loss or damage incurred resulting from use of, or failure to use of the Data or in relation to the Data. 3. Daiwa Institute of Research and Daiwa Securities shall be discharged from all responsibilities, including without limitation, damages, tort liabilities, defect liabilities and third-party claims (including financial compensation). 4. Client may not redistribute the Daiwa Capital Market Indices outside of its organization.

Derivex Restrictions over and above your Refinitiv subscriber agreement

LIMITATION OF UTILIZATION OF THE INFORMATION BY THE USERS: The USERS may utilize the INFORMATION acquired from the PURCHASER in accordance with the following rules: 1. EXTERNAL REDISTRIBUTION BY USERS – USERS that wish to be REDISTRIBUTORS of DELAYED INFORMATION or REAL-TIME INFORMATION, must enter into an agreement with DERIVEX prior to doing so. Once DERIVEX notifies the PURCHASER of the approval in writing, authorizing the USER to become a REDISTRIBUTOR, the approved USER may then become a REDISTRIBUTOR. 2. NON-DISPLAY – DERIVATIVE WORKS LIMITATION – USERS that intend to use the INFORMATION to create indices that will be used as or forms the basis of a tradable instrument in the nature of a security in real time must enter into an agreement with DERIVEX prior to doing so and must report its use directly to DERIVEX. For purposes of this Contract, “indices” shall mean statistical or numerical measure of the value and changes to the value of a representative grouping of securities or other investment vehicles. 3. DERIVEX prohibits the transmission, transfer, reform, publication, reproduction, distribution, sale, leasing or marketing of the INFORMATION without authorization by DERIVEX. Users may view, use and copy the INFORMATION to which they have access and in turn, to distribute and redistribute to any third party in the ordinary course of the USER’s business limited extracts which: (a) have no independent commercial value; and (b) could not be used as a substitute for any service (or a substantial part of it) provided by DERIVEX and (c) in a non-systematic manner. For purposes of this Contract, a “non-systematic manner” means use on an infrequent basis and not automatically generated by machine or regularly created by individual USERS. (d) it is not independently sold by the PURCHASER or by DERIVEX. End Users are allowed to provide insignificant and infrequent amounts of INFORMATION to any third party in the way of graphs or diagrams.



http://www.careratings.com


Supplier name Main category DescriptionDeutsche Börse Restrictions

over and above your Refinitiv subscriber agreement

Deutsche Börse reporting methodology subject to the MDDA (Market Data Dissemination Agreement) may differ from Refinitiv standard datafeed reporting methodology. Deutsche Börse rules as set out in the General Terms and Conditions to the MDDA regarding all Deutsche Börse Information Products shall prevail. The General Terms and Conditions to the MDDA govern the usage of Deutsche Börse Information Products including but not limited to the terms relevant for the Reporting/declaration process, Unit of Count, Audits, use of Information Products in Non Display and CFD license fees:• For Reporting customers should refer to the specific Reporting Guideline section of the Deutsche Börse MDDA

above, which requires customers to report (i.e. declare on a Access Statement/Datafeed Access Declaration) all the users entitled for a specific quarter;

• For Unit of Count customers should refer to the specific Unit of Count guidelines for Deutsche Börse published on MyRefinitiv;

• For Audits customers should refer to the specific Audit Guideline section of the Deutsche Börse MDDA above;• For Non Display use customers should refer to the specific Non Display usage policies for Deutsche Börse

published on MyRefinitiv;• For CFD license fees customers should refer to Section D of the of the Price List to the Deutsche Börse

MDDA above.Effective 1st November 2020, Deutsche Börse introduces a mandatory Data Usage Declaration as part of the MDDA. The Data Usage Declaration can be found at https://www.mds.deutsche-boerse.com/mds-en/data-services/real-time-market-data/how-to-order-data/data-usage-declaration.Customers who receive Real-Time Information via a datafeed and/or API are required to declare the nature of their data usage. Exempted from the declaration are customers that solely receive data for display purposes within desktop software (e.g. Terminal/Front-end solution without API) offered and controlled by Refinitiv and where the data usage is reported to Deutsche Börse by Refinitiv.The updated General Terms and Conditions (Version 8_6) to the MDDA are available for download at https://deutsche-boerse.com/mds-en/data-services/real-time-market-data/agreements.Questions may be directed to Data Services at +49 (0)69 2 1111800 or to [email protected].

Dow Jones Indexes the marketing name of CME Group Index Services LLC (Dow Jones Indexes)


Pursuant to the Third-party Services Schedule, Client is required, as a condition of continued access to Dow Jones Indexes index constituent-level data and/or index values (the “Data”), a Third-party Service, to comply with the terms of use set out below. To the extent that Client would like to use any portion of the Data or data derived there from (Derived Data) for any purpose other than the purposes expressly set forth below, Client must enter into a direct license agreement with Dow Jones Indexes. Inquiries may be directed to [email protected].

https://www.mds.deutsche-boerse.com/mds-en/data-services/real-time-market-data/how-to-order-data/data-usage-declaration

https://www.mds.deutsche-boerse.com/mds-en/data-services/real-time-market-data/how-to-order-data/data-usage-declaration

https://deutsche-boerse.com/mds-en/data-services/real-time-market-data/agreements

mailto:djivendors%40djindexes.com?subject=


Supplier name Main category DescriptionDPC Data Inc. Disclaimer &

attributionSubscribers may only (a) use the Information for their internal business purposes and (b) redistribute externally to their clients copies of Information retrieved from the Services related to specific municipal bonds, only within the scope of the services the Subscriber provides to such clients related to such municipal bonds, and provided that Subscribers may not create or redistribute externally any such materials for profit or in bulk. MSRB Disclaimers: WE ARE PROVIDING CERTAIN DATA SUPPLIED TO US BY THE MUNICIPAL SECURITIES RULEMAKING BOARD (‘”THE SERVICE’”) WITHOUT WARRANTIES OR REPRESENTATIONS AND ON AN ‘”AS IS’” BASIS. WE HEREBY DISCLAIM ALL REPRESENTATIONS AND WARRANTIES (EXPRESS OR IMPLIED), INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE REGARDING THE SERVICE. SUBSCRIBER (REFERRED TO HEREIN AS “YOU” OR “YOUR”) SHALL BEAR ALL RISK, RELATED COSTS AND LIABILITY AND BE RESPONSIBLE FOR YOUR USE OF THE SERVICE. WE ASSUME NO RESPONSIBILITY FOR THE CONSEQUENCES OF ANY INTENTIONAL OR UNINTENTINAL ERROR, OMISSION, INACCURACY, INCOMPLETENESS OR UNTIMELINESS IN OR WITH RESPECT TO THE SERVICE. The MSRB, its officers, directors, employees, agents, consultants and licensors shall not be liable or responsible to you or anyone else for any losses, injuries, damages, costs, expenses or claims caused by, arising out of or relating to the following: (a) acts, omissions, occurrences or contingencies beyond their control; (b) service interruptions or performance failures, such as those that result from the use of telecommunications facilities that are outside their control, including the Internet; (c) negligence, gross negligence or willful misconduct in procuring, compiling, interpreting, editing, writing, reporting or delivering any of the content and material; (d) lost, stolen, late, corrupted, misdirected, failed, incomplete or delayed transmissions by anyone using the Service, including, but not limited to, any technical malfunctions, human error, computer viruses, lost data transmissions, omissions, interruptions, deletions, defects, hyperlink failures or line failures of any telephone network, computer equipment, software or any combination thereof; (e) damage to your computer systems, equipment, software, data or other tangible or intangible property resulting from or sustained in connection with your use of the Service; and/or (f) any disruption of business, lost sales or lost profits or any punitive, exemplary, indirect, special, incidental or consequential damages associated or in connection with, resulting from or arising out of any use of the Service or the content and material in the Service. The MSRB and its officers, directors, employees, agents, consultants and licensors shall have no liability in tort, contract or otherwise (and as permitted by law, product liability) to you or anyone else for any reason associated or in connection with, resulting from or arising out of your use of the Service. The MSRB, its officers, directors, employees, agents, consultants and licensors make, and have made, no recommendations regarding any of the securities or other investment vehicles identified, referred to or described in the Service. The Service is reproduced by permission of the MSRB under a non-exclusive limited license. The MSRB accepts no responsibility or liability for the accuracy of the reproduction of the Service or that such Service is current. MuniGUARD News Content: The Information contains news content (“MuniGUARD News Content”) from Supplier’s third party information provider (“News Content Provider”). All MuniGUARD News Content is the sole and exclusive property of the News Content Provider. Subscribers will not sell or in any way make MuniGUARD News Content available to any entity other than a Subscriber’s end-users; provided, however, that inconsequential portions of MuniGUARD News Content may be made available to Subscriber’s customers in the ordinary course of Subscriber’s business. This provision is for the benefit of the News Content Provider, and the News Content Provider shall have the right to enforce its rights hereunder directly and on its own behalf. Subscribers shall not use or permit the use of any MuniGUARD News Content in any way that compromises the integrity thereof, which violates any copyrights or other intellectual property rights, contracts or proprietary interests, or which defames, commercially disparages, or libels a third-party. THE NEWS CONTENT PROVIDER DOES NOT MAKE ANY REPRESENTATIONS OR WARRANTIES, EXPRESSED OR IMPLIED, WITH REGARD TO MUNIGUARD NEWS CONTENT, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES AS TO THE ACCURACY OF ANY MUNIGUARD NEWS CONTENT, ANY WARRANTIES OF MERCHANTABILITY, WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE OR ANY WARRANTIES OF NON-INFRINGEMENT. IN NO EVENT SHALL THE NEWS CONTENT PROVIDER BE LIABLE FOR (A) ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, INCLUDING, BUT NOT LIMITED TO, ANY LOSS OF PROFITS OR INCOME, WHETHER ARISING FROM ANY ACT OR FAILURE TO ACT BY THE NEWS CONTENT PROVIDER OR ANY OTHER CAUSE OR CLAIM, AND WHETHER OR NOT THE NEWS CONTENT PROVIDER HAD ANY KNOWLEDGE, ACTUAL OR CONSTRUCTIVE, THAT SUCH DAMAGES MIGHT BE INCURRED, OR (B) WITHOUT LIMITING ANY OF THE FOREGOING, ANY DAMAGES CAUSED BY ANY FAILURE OF PERFORMANCE, MISTAKES, OMISSIONS, INTERRUPTIONS, DELETIONS OF FILES, DEFECTS, DELAYS IN OPERATION OR TRANSMISSION, COMMUNICATIONS LINES FAILURE, THEFT, DESTRUCTION OR UNAUTHORIZED ACCESS TO OR USE OF MUNIGUARD NEWS CONTENT AND/OR ANY MUNIGUARD NEWS CONTENT. The News Content Provider will not be liable for delay or default in the performance of its obligations if such delay or default is caused by conditions beyond its control, including, but not limited to, fire, flood, accident, storm, acts of war, riot, government interference, power failures, internet or other communications systems outages, strikes and/or walkouts. Each Subscriber that accesses the MuniGUARD News Content (each, an “Indemnifying Party”) will indemnify and hold the News Content Provider harmless against any claim, damage, loss, liability or expense (including attorney’s fees) of the Indemnifying Party or its end users or of any third-party arising out of the Indemnifying Party’s use of any MuniGUARD News Content. CUSIP Service Bureau (“CSB”) Required Terms Each Subscriber that accesses the Information (each, an “Accessing Party”) agrees and acknowledges the CUSIP database (the “CUSIP Database”) and the information contained therein is and shall remain valuable intellectual property owned by, or licensed to, CSB and the American Bankers Association (“ABA”), and that no proprietary rights are being transferred to Accessing Party in such materials or in any of the information contained therein.


Supplier name Main category DescriptionDPC Data Inc. cont.

Disclaimer & attribution

Any use by Accessing Party outside of the clearing and settlement of transactions requires a license from CSB, along with an associated fee based on usage. Accessing Party agrees that misappropriation or misuse of such materials will cause serious damage to CSB and ABA, and that in such event money damages may not constitute sufficient compensation to CSB and ABA; consequently, Accessing Party agrees that in the event of any misappropriation or misuse, CSB and ABA shall have the right to obtain injunctive relief in addition to any other legal or financial remedies to which CSB and ABA may be entitled. Accessing Party agrees that it shall not publish or distribute in any medium the CUSIP Database or any information contained therein or summaries or subsets thereof to any person or entity except in connection with the normal clearing and settlement of security transactions. Accessing Party further agrees that the use of CUSIP numbers and descriptions is not intended to create or maintain, and does not serve the purpose of the creation or maintenance of, a master file or database of CUSIP descriptions or numbers for itself or any third party recipient of such service and is not intended to create and does not serve in any way as a substitute for the CUSIP MASTER TAPE, PRINT, DB, INTERNET, ELECTRONIC, CD-ROM Services and/or any other future services developed by the CSB. Neither CSB, ABA nor any of their affiliates make any warranties, express or implied, as to the accuracy, adequacy or completeness of any of the information contained in the CUSIP database. All such materials are provided to Accessing Party on an “As Is” basis, without any warranties as to merchantability or fitness for a particular purpose or use nor with respect to the results which may be obtained from the use of such materials. Neither CSB, ABA nor their affiliates shall have any responsibility or liability for any errors or omissions nor shall they be liable for any damages, whether direct or indirect, special or consequential, even if they have been advised of the possibility of such damages. In no event shall the liability of CSB, ABA or any of their affiliates pursuant to any cause of action, whether in contract, tort, or otherwise, exceed the fee paid by Subscriber for access to such materials in the month in which such cause of action is alleged to have arisen. Furthermore, CSB and ABA shall have no responsibility or liability for delays or failures due to circumstances beyond their control. Accessing Party agrees that the foregoing terms and conditions shall survive any termination of its right of access to the materials identified above.

DTCC – Depository Trust & Clearing Corporation


Effective January 1, 2017 entities redistributing Depository Trust & Clearing Corporation (DTCC) sourced Money Market data and Collateralized Mortgage Obligation data require a redistribution license directly from DTCC. Irrespective of any redistribution rights granted in Client’s existing agreement with Refinitiv, any redistribution of the DTCC data requires a direct license agreement between the Client and DTCC, provided however, that Client may solely redistribute de minimis amounts of the data on an ad hoc basis in presentations, graphs, other publications and in support of Client customer queries, provided that (i) any such incorporated data is in a graphical format only for viewing and are not reproduced or republished in a format that would enable the Client’s customer to copy, download or incorporate the data in a database of their own; (ii) such reports, presentations, graphs and other publications are only of supportive nature to Client’s services; and (iii) no charge is made for or in relation to the data or the reports. Client shall be responsible for all such redistribution. To inquire about or obtain the relevant license from DTCC, please contact Patrice Lott at DTCC. Her contact info is: Patrice Lott, Director, DTCC Data Sales, (212) 855-4215, [email protected].

Dubai Mercantile Exchange (DME)



mailto:Plott%40dtcc.com?subject=



Supplier name Main category DescriptionDun & Bradstreet® Restrictions

over and above your Refinitiv subscriber agreement/ No insubstantial redistribution allowed

1. All information (the “Information”) furnished to you is licensed for the exclusive use of End Users. Regardless of the form or format in which the Information is furnished, none of the Information may be made available in whole or in part to any third party. You agree that the Information will not be reproduced, revealed or made available to anyone else, it being understood that the Information is licensed for your internal use only, except that you may make one copy solely for backup purposes. 2. You are expressly prohibited from using the Information as a factor in establishing an individual's eligibility for (i) credit or insurance to be used primarily for personal, family or household purposes, or (ii) employment. 3. Information furnished hereunder may be used throughout the term of the Agreement between End User and COMPANY. Upon expiration or termination the license period, you shall immediately destroy all originals and copies of any D&B Information, unless you are otherwise instructed by COMPANY: and upon request, provide COMPANY with certification thereof. You represent and warrant that your use of any Information shall in all cases comply with all applicable federal, state and local laws and regulations. 4. YOU ACKNOWLEDGE THAT D&B AND ITS THIRD-PARTY INFORMATION PROVIDERS MAKE NO REPRESENTATIONS OR WARRANTIES OF ANY KIND WITH RESPECT TO THE ACCURACY, COMPLETENESS, TIMELINESS, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE INFORMATION OR OF THE MEDIA ON WHICH THE INFORMATION IS PROVIDED. YOU ALSO ACKNOWLEDGE THAT EVERY BUSINESS DECISION INVOLVES THE ASSUMPTION OF A RISK AND THAT D&B, IN FURNISHING THE INFORMATION TO YOU, DOES NOT AND WILL NOT UNDERWRITE THAT RISK, IN ANY MANNER WHATSOEVER. YOU THEREFORE AGREE THAT D&B AND ITS THIRD-PARTY INFORMATION PROVIDERS WILL NOT BE LIABLE TO YOU FOR ANY LOSS, DAMAGE OR INJURY ARISING OUT OF OR CAUSED IN WHOLE OR IN PART BY D&B'S NEGLIGENT ACTS OR OMISSIONS IN PROCURING, COMPILING, COLLECTING, INTERPRETING, REPORTING, COMMUNICATING OR DELIVERING THE INFORMATION. 5. YOU AGREE THAT D&B AND ITS THIRD-PARTY INFORMATION PROVIDERS WILL NEVER BE LIABLE FOR CONSEQUENTIAL, INCIDENTAL, SPECIAL, PUNITIVE OR OTHER INDIRECT DAMAGES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. YOU ALSO AGREE THAT D&B'S AND ITS THIRD-PARTY INFORMATION PROVIDERS' AGGREGATE LIABILITY, IF ANY, FOR ANY AND ALL LOSSES, DAMAGES OR INJURIES WHICH YOU SUFFER OR INCUR ARISING OUT OF ANY ACTS OR OMISSIONS OF D&B IN CONNECTION WITH ANYTHING TO BE DONE OR FURNISHED HEREUNDER, REGARDLESS OF THE CAUSE OF THE LOSS, DAMAGE OR INJURY (INCLUDING NEGLIGENCE) AND REGARDLESS OF THE NATURE OF THE LEGAL OR EQUITABLE RIGHT CLAIMED TO HAVE BEEN VIOLATED, SHALL NEVER EXCEED fees paid under the agreement. 6. You acknowledge and agree that the copyright to the Information is and shall remain with D&B. You acknowledge that the Information, regardless of form or format, is proprietary to D&B and comprises: (a) works of original authorship, including compiled information containing D&B's selection, arrangement and coordination and expression of such information or preexisting material it has created, gathered or assembled; (b) confidential and trade secret information; and (c) information that has been created, developed and maintained by D&B at great expense of time and money, such that misappropriation or unauthorized use by others for commercial gain would unfairly and irreparably harm D&B. You agree that you will not commit or permit any act or omission by your agents, employees or any third party that would impair D&B's copyright or other proprietary and intellectual property rights in the Information. You agree to notify D&B immediately upon obtaining any information regarding a threatened or actual infringement of D&B's rights. You also agree that you will not use any D&B trade name, trademark, service mark, logo or copyrighted materials in listings or advertising in any manner without the prior written approval of D&B. You shall reproduce D&B's copyright notice and proprietary rights legend on all authorized copies of such Information.

Euroclear Restrictions over and above your Refinitiv subscriber agreement

Irrespective of any redistribution rights granted to you under your agreement with Refinitiv, the redistribution of Eurobonds Corporate Actions by you for data vending purposes is prohibited. If you want to redistribute all or part of such data for data vending purposes, you shall prior to starting such redistribution, purchase a redistribution license directly from Euroclear. You further agree that Euroclear or any agent appointed by Euroclear may enter Your premises for audit purposes in order to verify Your compliance with this requirement and that Euroclear may take direct action against You to enforce its rights. For more info on the Eurobonds Corporate Actions Data or in order to obtain a redistribution license from Euroclear, please contact [email protected].

Fannie Mae Restrictions over and above your Refinitiv subscriber agreement/ No insubstantial redistribution allowed

No External Redistribution of the Data or Creation of Derived Products for External Commercial Purposes by End Users. Effective October 1, 2014. End Users License Agreements are granted in furtherance and in support of End Users’ internal business purposes only. FANNIE MAE and Licensee/Refinitiv strictly prohibits End Users from reselling, disclosing or redistributing the Data externally and from creating and offering any Derived Products for external commercial purposes. Any such uses would be subject to the terms and conditions of this Agreement as executed by and between End User and FANNIE MAE, and payment of the License Fee by such End User to FANNIE MAE.

mailto:eis%40euroclear.com?subject=


Supplier name Main category DescriptionFinancial Benchmarks India Pvt Ltd (FBIL)


With effect from October 1, 2018, redistribution and use of the Financial Benchmarks India Pvt. Ltd. (FBIL) benchmarks data MIBOR, MROR, Term MIBOR, US dollar/Indian Rupee Forwards, MIFOR, MIBOR-OIS, CD Curve, T-Bills Curve and FC-India Rupee Options Volatility will be subject to payment of usage fee. Any usage of the above benchmarks for the below stated purposes will require user license from FBIL and applicable usage fee: a) Valuation of portfolio and assets b) Pricing of products or contracts c) Interest Rate fixing d) Loan servicing e) Pricing Curves f) Use of FBIL Benchmark rates as reference rates in financial transactions and products like swaps, FRAs and any other derivatives g) Use of FBIL Benchmark rates for similar other purposes. Clients can reach out to following FBIL Contact Details: [email protected], [email protected], [email protected]

Financial Supervisory Service (FSS) Korea


This data is subject to the following copyright notice: Financial Supervisory Service (FSS) Korea and therefore subject to all applicable laws. The FSS took no role in the supply of this information and is not liable for any of the information presented by Refinitiv or the manner in which the information is presented. This information is freely available at http://english.fss.or.kr.

FINRA Uniform subscriber addenda

The FINRA Professional/Non-Professional Subscriber Agreement appears below. You are required to comply with all terms of the FINRA Professional/Non-Professional Subscriber agreement. By signing any Refinitiv agreement for the receipt of any FINRA related service, you also agree to terms and conditions of the below FINRA Professional/Non-Professional Subscriber Agreement and any additional terms as put forth by FINRA at http://www.finra.org/Industry/ContentLicensing/TRACE/P085331. These terms are supplied to you below and/or directly by FINRA. To the extent that you redistribute any third-party services, you must obtain all required approvals for control and redistribution of such FINRA services, and upon request provide a copy to Refinitiv. You are responsible for any and all costs and fees associated with agreements entered into with FINRA. Link.

FISCO News Cancellation policy for specialist data

Certain Third-party Providers require a specified notice period for the cancellation of their Service. Accordingly, for FISCO News Service, you will continue to be billed for 90 days after ceasing to declare entitled Users on your Access Statement.

FISCO R Selection

Cancellation policy for specialist data

Certain Third-party Providers require a specified notice period for the cancellation of their Service. Accordingly, for FISCO R Selection Service you will continue to be billed for 90 days after ceasing to declare entitled Users on your Access Statement.

Fitch Disclaimer and attribution

To the extent that you allow persons within or without of your organization to have access to Fitch Data, clients are responsible for ensuring their compliance with the following terms and conditions. 1. Ownership. Fitch Information (including but not limited to the collection and presentation of the information contained in any database) is owned by or licensed to Fitch, and contains the valuable copyrighted and proprietary material of Fitch or its licensors, and all rights in or to Fitch Information not granted to Subscriber are expressly reserved by Fitch and its licensors. 2. Disclaimer. End users of Refinitiv Limited’s clients (“End Users”) are granted the right to extract limited data from the data and other information provided by Fitch Ratings Limited (“Fitch”) and its affiliates (together, the “Fitch Information”) onto such End Users’ desktop computers. Fitch retains sole ownership of and proprietary rights in the Fitch Information. Any Fitch Information extracted by End Users may only be used and/or maintained on such End Users’ desktop computers. However, End Users are permitted to redistribute an insubstantial amount of the Fitch Information on an occasional and incidental basis only. EXCEPT AS EXPRESSLY PERMITTED ABOVE, NONE OF THE FITCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED, SOLD OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT FITCH’S PRIOR WRITTEN CONSENT. The Fitch Information is derived from sources believed to be accurate and reliable. SUCH INFORMATION IS PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND AND NEITHER REFINITIV LIMITED NOR FITCH MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH INFORMATION. Under no circumstances shall Refinitiv Limited, Fitch or any of its affiliates have any liability to any End User or any other legal entity (whether incorporated or unincorporated) or any person for (a) any loss or damage in whole or in part caused by, resulting from or relating to, any error or other circumstance or contingency within or outside the control of Fitch or any of its affiliates, or any of its or their respective directors, officers, employees or agents in connection with the procurement, collection, compilation, analysis, interpretation, editing, transcription, transmission, communication, publication or delivery of any such information, or (b) any direct, indirect, special, consequential, compensatory or incidental damages whatsoever (including, without limitation, lost profits and/or loss of opportunity). In addition to the above terms and conditions, access to and use of Fitch Information is subject to the following terms of use (the “Terms”): In issuing and maintaining its ratings, Fitch relies on factual information it receives from issuers and underwriters and from other sources Fitch believes to be credible. Fitch conducts a reasonable investigation of the factual information relied upon by it in accordance with its ratings methodology, and obtains reasonable verification of that information from independent sources, to the extent such sources are available for a given security or in a given jurisdiction.

mailto:fbil%40fbil.org.in?subject=

mailto:forex%40fbil.org.in?subject=

mailto:mibor%40fbil.org.in?subject=

http://english.fss.or.kr

http://www.finra.org/Industry/ContentLicensing/TRACE/P085331

https://thesource.refinitiv.com/thesource/getfile/index/10d5daa1-4815-47f7-ad45-154c19f50172


Supplier name Main category DescriptionFitch cont. Disclaimer and

attributionThe manner of Fitch’s factual investigation and the scope of the third-party verification it obtains will vary depending on the nature of the rated security and its issuer, the requirements and practices in the jurisdiction in which the rated security is offered and sold and/or the issuer is located, the availability and nature of relevant public information, access to the management of the issuer and its advisers, the availability of preexisting third-party verifications such as audit reports, agreed-upon procedures letters, appraisals, actuarial reports, engineering reports, legal opinions and other reports provided by third parties, the availability of independent and competent third-party verification sources with respect to the particular security or in the particular jurisdiction of the issuer, and a variety of other factors. Users of Fitch’s ratings should understand that neither an enhanced factual investigation nor any third-party verification can ensure that all of the information Fitch relies on in connection with a rating will be accurate and complete. Ultimately, the issuer and its advisers are responsible for the accuracy of the information they provide to Fitch and to the market in offering documents and other reports. In issuing its ratings, Fitch must rely on the work of experts, including independent auditors with respect to financial statements and attorneys with respect to legal and tax matters. Further, ratings are inherently forward-looking and embody assumptions and predictions about future events that by their nature cannot be verified as facts. As a result, despite any verification of current facts, ratings can be affected by future events or conditions that were not anticipated at the time a rating was issued or affirmed. Fitch seeks to continuously improve its ratings criteria and methodologies, and periodically updates the descriptions on the Fitch website (www.fitchratings.com) (the “Fitch Website”) of its criteria and methodologies for securities of a given type. The criteria and methodology used to determine a rating action are those in effect at the time the rating action is taken, which is the date of the related rating action commentary. Each rating action commentary provides information about the criteria and methodology used to arrive at the stated rating, which may differ from the general criteria and methodology for the applicable security type posted on the Fitch Website at a given time. For this reason, End Users should always consult the applicable rating action commentary for the most accurate information on the basis of any given rating. Each End User acknowledges that a Fitch rating is an opinion as to the creditworthiness of a security. This opinion is based on established criteria and methodologies that Fitch is continuously evaluating and updating. Therefore, ratings are the collective work product of Fitch and no individual, or group of individuals, is solely responsible for a rating. The rating does not address the risk of loss due to risks other than credit risk, unless such risk is specifically mentioned. Fitch is not engaged in the offer or sale of any security. All Fitch reports have shared authorship. Individuals identified in a Fitch report were involved in, but are not solely responsible for, the opinions stated therein. The individuals are named for contact purposes only. A report providing a Fitch rating is neither a prospectus nor a substitute for the information assembled, verified and presented to investors by the issuer and its agents in connection with the sale of the securities. Ratings may be changed or withdrawn at anytime for any reason in the sole discretion of Fitch. Fitch does not provide investment advice of any sort. Fitch is not responsible for any underwriting, credit, loan, purchase, strategic or investment decision. In issuing and/or maintaining a rating, Fitch is not making any recommendation or suggestion, directly or indirectly to End Users, or any other person, to buy, sell, make or hold any investment, loan or security or to undertake any investment strategy with respect to any investment, loan or security of any issuer. Ratings do not comment on the adequacy of market price, the suitability of any investment, loan or security for a particular investor (including, without limitation, any accounting and/or regulatory treatment), or the tax-exempt nature or taxability of payments made in respect to any investment, loan or security. ANY PERSON OR ENTITY WHO USES A RATING DOES SO ENTIRELY AT HIS, HER OR ITS OWN RISK. SHOULD ANY SUCH PERSON OR ENTITY BE ENTITLED TO RECOVER DAMAGES FROM FITCH UNDER ANY LEGAL THEORY, SUCH PERSON OR ENTITY AGREES, TO THE EXTENT PERMITTED BY LAW, THAT THE TOTAL LIABILITY OF FITCH IN CONNECTION WITH SUCH RATING IS LIMITED TO ACTUAL DIRECT DAMAGES THAT CAN BE PROVEN UP TO AN AMOUNT NOT TO EXCEED THREE TIMES THE NET FEES RECEIVED BY FITCH WITH RESPECT TO SUCH RATING. Fitch receives fees from issuers, insurers, guarantors, other obligors and underwriters for rating securities. Such fees generally vary from US$1,000 to US$750,000 (or the applicable currency equivalent) per issue. In certain cases, Fitch will rate all or a number of issues issued by a particular issuer, or insured or guaranteed by a particular insurer or guarantor, for a single annual fee. Such fees are expected to vary from US$10,000 to US$1,500,000 (or the applicable currency equivalent). The assignment, publication or dissemination of a rating by Fitch shall not constitute consent by Fitch to use its name as an expert in connection with any registration statement filed under the United States securities laws, the Financial Services and Markets Act of 2000 of Great Britain, or the securities laws of any particular jurisdiction. Due to the relative efficiency of electronic publishing and distribution, Fitch research may be available to electronic subscribers up to three days earlier than to print subscribers. End Users should read the Terms carefully (including the limitations and disclaimers contained in the Terms) before accessing the Fitch Information furnished to it by Refinitiv Limited. Each End User shall be deemed to have agreed to be legally bound by the Terms (including its limitations and disclaimers) from the date on which it first accesses any Fitch Information.

FMC Asia Oil Swaps Marker


Certain Third-party Providers require a specified notice period for the cancellation of their Service. Accordingly, for FMC Asia Oil Swaps Marker Service, you will continue to be billed for 90 days after ceasing to declare entitled Users on your Access Statement.

www.fitchratings.com


Supplier name Main category DescriptionFTSE Russell – RussellTick


You are required to enter into a separate license agreement (which may be subject to additional charges) with The Frank Russell Company (“Russell”) in order to access and/or use indices, index values, data or other information relating to or derived from any Russell index (“Data”) via the Refinitiv services. Unless expressly permitted otherwise under your written agreement with Russell, you may use the Data solely for your own internal business purposes (if you are a business) or individual purposes (if you are an individual), and you shall not, and shall not permit any third party to, do any of the following. To the extent there is a conflict between the Data usage rights and restrictions as set forth in your agreement with Refinitiv and those set forth in your agreement with Russell, the terms of your agreement with Russell shall control. (a) copy, sell, license, distribute, transmit or duplicate the Data (or any part thereof) to any third party or to any person or other entity in your organization (unless such entity is expressly licensed under your agreement with Refinitiv to receive such Data) in any form or by any means; (b) derive or create derivative works of, recalculate, combine with other data or otherwise modify, the Data (except that you may reprocess Data and perform calculations using the Data for your own internal business use subject to the other restrictions herein), and/or distribute such derived, recalculated, combined or modified Data to any third party; (c) remove any copyright or other proprietary notice accompanying or incorporated into the Data; (d) use the Data for the purpose of: (i) creating and/or operating (whether for your own purposes or on behalf of any third party) any financial product, index or service which seeks to match the performance of or whose capital and/or income value is related to the Data or any part thereof; (ii) creating and/or operating (whether for your own purposes or on behalf of any third party) any financial product, index or service the performance of which is linked to the performance of a third party’s product, index or service which, in turn, seeks to match the performance of or whose capital and/or income value is related to the Data or any part thereof (and whether or not such third party is licensed by Russell to do so); or (iii) generally exploit the Data in a manner designed to benefit you or any third party (including the creation of any additional service). (e) make the Data available on any website or in an application, or to the public via the Internet; (f) use the index trade marks in a generic way or as part of your name or the name of any associated company; (g) use the Data or index trade marks: (i) in a way that might cause confusion as to the person responsible for preparing or disseminating the Data; (ii) for any unlawful or illegal purpose in any jurisdiction; or (iii) for or in connection with any contracts for difference service, spread betting service or any other purpose related to betting or gaming; (h) use the Data on behalf of, or for the benefit of, anyone else; or (i) use the Data in any way or for any purpose that would require a separate licence from Russell or a third-party information provider. You acknowledge that Russell and/or any relevant third-party information providers are the owners of the intellectual property rights in the Data, and that the Data is provided subject to the terms of your agreement with Refinitiv. Client hereby agrees to comply with any terms and conditions governing the use of any third-party website or content accessed through the Service.

FTSE TMX Fixed Income Indices


“You are required to enter into a separate license agreement (which may be subject to additional charges) with FTSE TMX Global Debt Capital Markets Inc. (“FTSE TMX”) in order to access and/or use index values, data or other information relating to or derived from any FTSE TMX index (“Data”) via the Refinitiv services. Unless expressly permitted under your written agreement with FTSE TMX, you shall not, and shall not permit any third party to, do any of the following. To the extent there is a conflict between the Data usage rights and restrictions as set forth in your agreement with Refinitiv and those set forth in your agreement with FTSE TMX, the terms of your agreement with FTSE TMX shall control. (a) copy, sell, license, distribute, transmit or duplicate the Data (or any part thereof) to any third party or to any other entity in your organization not expressly licensed under your agreement with Refinitiv in any form or by any means; (b) derive, recalculate, combine with other data or otherwise modify the Data, and/or distribute such derived, recalculated, combined or modified Data to any third-party; (c) remove any proprietary notice accompanying the Data; (d) use the Data for the purpose of: (i) creating and/or operating (whether by you or by any of your agents) any financial product, index or service which seeks to match the performance of or whose capital and/or income value is related to the Data or any part thereof; (ii) creating and/or operating (whether by you or by any of your agents) any financial product, index or service the performance of which is linked to the performance of a third party’s product, index or service which, in turn, seeks to match the performance of or whose capital and/or income value is related to the Data or any part thereof (and whether or not such third party is licensed by FTSE TMX to do so); or (iii) generally exploit the Data, and/or indices in a manner designed to benefit you or any third party (including the creation of any additional service); (e) make the Data available on any website or in an application, or to the public via the Internet; (f) use the Data on any platform other than the Refinitiv platform through which you are authorized to receive the Data; (g) use the index trade marks in a generic way or as part of your name or the name of any associated company; (h) use the Data or index trade marks: (i) in a way that might cause confusion as to the person responsible for preparing or disseminating the indices or the index values; (ii) for any unlawful or illegal purpose in any jurisdiction; or (iii) for or in connection with any contracts for difference service, spread betting service or any other purpose related to betting or gaming; or (iv) specifically identify or attribute any Data or present any Data in a manner which has the effect of identifying or attributing any Data to any other information provider, unless Data is presented to you in such manner.”

FX Analytics Cancellation policy for specialist data

Certain Third-party Providers require a specified notice period for the cancellation of their Service. Accordingly, for FX Analytics Service you will continue to be billed for 90 days after ceasing to declare entitled Users on your Access Statement.


Supplier name Main category DescriptionGlobal Industry Classification Standard (GICS)


The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard and Poor's. GICS is a service mark of MSCI and S&P and has been licensed for use by Refinitiv. In connection with GICS, neither MSCI nor S&P makes any express or implied warranties or representations and each hereby expressly disclaims all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose. GICS may be used by you solely in connection with the services. You may not use GICS to create a securities classification designation or system or to create any financial products or indices. Client hereby agrees to comply with any terms and conditions governing the use of any third-party website or content accessed through the Service.

Global Relay Disclaimer and attribution

Compliance Hosted Archiving – Custom SMTP 1. This Service allows Client to ingest data from a third party network (“Source Data”) into Compliance Hosted Archiving that is not a data type that Global Relay handles natively (“Custom SMTP Delivery”). 2. For the Custom SMTP Delivery to be activated, Client must comply with the following: 2.1 Client is responsible for the delivery of Source Data to Global Relay and will provide this delivery either (i) directly; (ii) via the Source Data vendor; or (iii) other third party acceptable to Global Relay. 2.2 Source Data is to be delivered (pushed) to Global Relay via authenticated SMTP over Transport Layer Security (TLS). 2.3 Client has an existing archive with Global Relay with TLS over SMTP configuration already in place for email that this Custom SMTP Delivery will leverage. 2.4 Source Data is from a legitimate source, there are no viruses or malicious code, and the Custom SMTP Delivery is for an acceptable use related to Client’s archiving requirements. 3. Client will setup, configure, and test the Custom SMTP Delivery in Client’s environment, including: 3.1 Set GR X-headers. In order to identify and index Client’s Source Data via Custom SMTP Delivery, Client must ensure the Source Data is formatted with an email header (X-GlobalRelay-MsgType), with a unique value specified by Global Relay during the configuration process. 3.2 Deliver via SMTP. For the Source Data to be received properly by Compliance Hosted Archiving, Client must ensure Source Data messages are delivered to the destination archive email address specified by Global Relay during the configuration process. Note, the To: field in the content of the message should not be modified. The delivery must use the destination Archive email address as the SMTP recipient. 3.3 Data Flow. Client must verify with Global Relay provisioning team the secure and proper end-to-end connection and message flow, including the sending, receipt, and archiving of the Source Data in Compliance Hosted Archiving. 4. Provisioning: Global Relay will setup, activate, and perform a basic verification of the Custom SMTP Delivery of the Source Data as follows: 4.1 Information for Configuration. Global Relay will assign and provide Client the value for the GR X-header and the destination archive email address referenced above. 4.2 Provisioning. Global Relay will provision Client’s archive to receive the specific GR X-header and destination archive email address referenced above. 4.3 Verification of GR X-Headers. Global Relay will allocate up to one hour of support time to verify that a Source Data message was received properly in Compliance Hosted Archiving with the GR X-header referenced above and assigned during the configuration process. 5. The following capabilities are excluded from this Service: 5.1 No customized converter or delivery mechanism provided by Global Relay. 5.2 No Professional Services or development assistance by Global Relay for Custom SMTP Delivery beyond providing provisioning described above and a configuration guide. 5.3 No Quality Assurance (QA) testing by Global Relay. 5.4 No Project Manager (PM) required. 5.5 No POC or test environment provided by Global Relay. 5.6 No Source Data icon image in Client’s archive user interface. Source Data will only be identified in Client’s archive by the GR X-header specified for this Source Data. 5.7 No reconciliation or reporting for this Source Data. 5.8 No whitelisting of IP addresses. 6. Where Client ingests Source Data from multiple third party data sources, via Custom SMTP, a separate monthly archive charge is payable per third party data source. If Client combines multiple third party data sources into a single SMTP feed, without Global Relay’s explicit written permission, Global Relay may charge Client (via Refinitiv) an additional monthly archive charge per third party data source, at prevailing list price, billable from the date of ingestion and separate from any existing monthly archive subscription fee for approved Source Data. 7. Disclaimer: Client acknowledges that the Source Data is a third party network and is not a data type that Global Relay handles natively. Accordingly, its actual performance, commercial availability, and quality are unknown to Global Relay. Global Relay does not control and is not responsible for the Source Data, nor its Custom SMTP Delivery to Compliance Hosted Archiving. Source Data vendor may change the Source Data’s formats, APIs, delivery methods, or posting times without notice to Client or Global Relay, or the Source Data may have inaccuracies in format schemas or time-date stamps, or have corruptions or other changes which may affect the security, availability, performance or interoperability of the Global Relay Services or the Custom SMTP Delivery of the Source Data. Global Relay does not and cannot warrant the security, availability, performance of or interoperability with this Source Data, nor the quality and accuracy of the data being delivered via SMTP to Compliance Hosted Archiving, and Global Relay expressly disclaims any and all liability related to, connected with, or arising from the Custom SMTP Delivery, this Source Data, the Source Data vendor including any outages, delivery delays, corruption of data, processing failures, inability to reconcile data, failure to format data in accordance with such third party network’s data schema, changed or discontinued or failed services, or termination of service by the Source Data vendor. Global Relay reserves the right to discontinue support for this Custom SMTP Delivery and its Source Data if, in Global Relay’s reasonable discretion, it determines there is abuse or misuse of this Service or if the Source Data is deemed to otherwise be unacceptable.


Supplier name Main category DescriptionHang Seng Indexes Company Limited (HSIL)


The disclaimer as set out below is delivered to each of the Vendor's or the Relevant Companies' subscribers in a manner to be discussed with the Vendor and acceptable to HSIL: “Data File referred to in this section is provided by Hang Seng Indexes Company Limited. Neither Hang Seng Indexes Company Limited nor any of its holding companies and subsidiaries nor [Vendor/Relevant Company] provides any warranties of any kind in relation to such Data File (including, without limitation, that the Data File is fit for a particular purpose) or accepts any responsibilities for its accuracy, completeness and/or consistency, or for any loss or damage whatsoever and howsoever suffered or incurred by any party. With the use of or the access to the Data File referred to in this section, the subscriber or any party irrevocably and unconditionally accepts and agrees to be bound by this disclaimer.”

Hedge Fund Research Indices


Client Restrictions On Usage/Distribution Client's use of the HFR Indices is solely limited to internal usage only. No redistribution by any means is permitted by the client or client’s group. Clients are strictly prohibited from any form of onward distribution of Hedge Fund Research Indices, up to and including any and all derivative works. Additional Restrictions Client will not copy or manufacture the Index Dataset or any portion thereof for any use prohibited under this Agreement, (ii) translate, modify, adapt, enhance, decompile, disassemble or reverse engineer the Index Dataset, except as to render the Index Dataset in a format compatible with the Licensee’s software and to the extent permitted under applicable law despite this restriction, (iii) use the Index Dataset to create an index or populate any other commercial Database or index dataset, (iv) use the Index Dataset in the operation of its own data or index business, (v) use the Index Dataset, Resultant Data and/or HFR trademarks, including HFR Index names, ticker symbols or graphically representative HFR Index performance in any manner in association with products which are created as investable index products.

HKEx Information Services Limited (HKEx)


Refinitiv will incorporate the following disclaimer notice in its English or Chinese (traditional or simplified) version (or a disclaimer notice to equivalent effect) into all contracts with Subscribers that are required to have a subsisting contract with Refinitiv: “HKEx INFORMATION SERVICES LIMITED, ITS HOLDING COMPANIES AND/OR ANY SUBSIDIARIES OF SUCH HOLDING COMPANIES ENDEAVOR TO ENSURE THE ACCURACY AND RELIABILITY OF THE INFORMATION PROVIDED BUT DO NOT GUARANTEE ITS ACCURACY OR RELIABILITY AND ACCEPT NO LIABILITY (WHETHER IN TORT OR CONTRACT OR OTHERWISE) FOR ANY LOSS OR DAMAGE ARISING FROM ANY INACCURACIES OR OMISSIONS.”

ICB Additional information

Customers wishing to store/download more than a whole country or sector at any one time and more than an insubstantial amount of ICB data are required to sign a license agreement with FTSE and pay fees directly to FTSE. For further details, customers should contact: [email protected]. More information about the Industry Classification Benchmark is available at www.icbenchmark.com.

ICE Endex Uniform subscriber addenda


ICE Futures Canada



ICE Futures Europe



ICE Futures U.S. Uniform subscriber addenda


IDEAglobal Cancellation policy for specialist data

Certain Third-party Providers require a specified notice period for the cancellation of their Service. Accordingly, for IDEAglobal Service you will continue to be billed for 365 days after ceasing to declare entitled Users on your Access Statement.

Interactive Data Corporation


Except as expressly agreed in writing, you may not use this data for investment accounting purposes. Clients of Beta Services may only use this data in connection with Beta Services and may not redistribute further.

Interfax Information Services BV


Clients shall neither multiply the News Wire in any manner whatsoever, nor deliver, sell, exchange, transfer in any other way the News Wire (including publication thereof in the Internet or into corporate networks) in part or as a whole, nor use the News Wire entirely or partially for creation of databases or archives, nor keep them on its electric carriers for longer than thirty days.

Japan Credit Rating Agency, Ltd.


Use of Rating information outside of Refinitiv desktop requires a separate agreement with JCR. Please contact with JCR directly to establish a commercial relationship.

mailto:Joanna.Wolff%40ftse.com?subject=

www.icbenchmark.com

https://thesource.refinitiv.com/thesource/getfile/index/1b087171-cf2a-4bf0-9a8c-d0f16063ad85





Supplier name Main category DescriptionJIJI News for TRKD Premium


Use of Rating information outside of Refinitiv desktop requires a separate agreement with JCR. Please contact with JCR directly to establish a commercial relationship.

JIJI Press Limited Cancellation policy for specialist data

Certain Third-party Providers require a specified notice period for the cancellation of their Service. Accordingly, for JIJI Press Limited Service you will continue to be billed pursuant to the terms of your applicable contract for JIJI Press Limited Service.

JP Morgan Embargoed Research


1. Your Use of JP Morgan’s research (the Material): You may not, either directly or indirectly: (i) modify, copy, translate, recompile, decompile, disassemble, reverse engineer and/or make, distribute any other form of and/or any derivative work from the Material, (ii) access, distribute and/or otherwise use the Material in connection with any service bureau work and/or (iii) grant any rights in, permit, provide access to and/or otherwise distribute, whatsoever, the Material in a manner that could infringe the intellectual property rights of JP Morgan or any third party or violate any applicable laws, tariffs, rules and/or regulations. 2. Non-Use of JP Morgans Names: You will not furnish the name, trademark or proprietary indicia of JP Morgan, JPMorgan Chase & Co. or any affiliate thereof as a reference or utilize the name, trademark or proprietary indicia of JP Morgan, JPMorgan Chase & Co. or any affiliate thereof, in any customer lists, advertising, announcement, press release or promotional materials, including testimonials, quotations, case studies and other endorsements. No exceptions are granted without the prior written consent of the Brand Administration Group, Marketing and Communications, of JPMorgan Chase & Co., such consent to be granted or withheld in the sole and absolute discretion of JPMorgan Chase & Co. 3. Title: You acknowledge and agree as follows: (a) the Material is protected by copyright and trade secret rights and is and will remain the sole property of JP Morgan, (b) all title and full ownership in and to the Material is reserved to and will remain with JP Morgan, (c) the Material was developed, compiled, prepared and arranged by JP Morgan through expenditure of substantial time, effort and money and constitute valuable intellectual property of JP Morgan, (d) all proprietary and intellectual property rights of any nature, including patents, copyrights and trademarks regarding the Material, and any and all copies, modifications, enhancements and derivative works thereof, are and/or will be owned by and will remain the property of JP Morgan. 4. DISCLAIMER OF REPRESENTATIONS & WARRANTIES. YOU EXPRESSLY ACKNOWLEDGE AND AGREE THAT: (A) THE MATERIAL IS PROVIDED AS IS WITH ALL FAULTS, (B) ALL WARRANTIES AND REPRESENTATIONS OF ANY KIND WITH REGARD TO THE MATERIAL ARE DISCLAIMED INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, QUALITY, ACCURACY, FITNESS FOR A PARTICULAR PURPOSE AND/OR AGAINST INFRINGEMENT AND/OR WARRANTIES AS TO ANY RESULTS TO BE OBTAINED BY AND/OR FROM THE USE OF THE MATERIAL, (C) THERE ARE NO REPRESENTATIONS OR WARRANTIES WHICH EXTEND BEYOND THE DESCRIPTION ON THE FACE OF THIS AGREEMENT, IF ANY, (D) JP MORGAN DOES NOT GUARANTEE THE AVAILABILITY, SEQUENCE, TIMELINESS, ACCURACY OR COMPLETENESS OF THE MATERIAL AND (E) JP MORGAN MAY DISCONTINUE GENERATING THE MATERIAL AT ANY TIME WITHOUT PRIOR NOTICE. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, JP MORGAN WILL NOT BE LIABLE (IN CONTRACT, TORT OR OTHERWISE) FOR ANY ORDINARY, DIRECT, INDIRECT, CONSEQUENTIAL, SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES IN CONNECTION WITH THE MATERIAL AND/OR YOUR USE THEREOF, EVEN IF JP MORGAN HAS BEEN APPRISED OF THE LIKELIHOOD OF SUCH DAMAGES OCCURRING.

Kabushiki Shimbun


Certain Third-party Providers require a specified notice period for the cancellation of their Service. Accordingly, for Kabdas Express Service you will continue to be billed for 90 days after ceasing to declare entitled Users on your Access Statement.

Korea Money Brokerage Company (KMBC)


Restriction rules for the data usage: The interbank rates from SMBS (Seoul Money Brokerage Company) and KMBC (Korea Money Brokerage Company) is a restricted set of data and any misuse of the data is subject to penalty. For any clients using DACS Permissioning system, PDP code ‘WWPRPKFTRDS’ must be only granted to direct market participants in South Korea – i.e., banks, interbank dealers. Users outside Korea or customer market participants – i.e., corporate, offshore must not access the interbank rates. According to 'Improvement of pricing and quoting system and strategies for advancement of Seoul Foreign Exchange Market' issued in 2005, the following applies: Only direct participants in the Korean interbank market (banks, interbank dealer) will be granted an access authority for the real-time information about the market. Exchange rates (quoted rate by each banks or random rate notified rate by market information services providers) that participants of interbank market provide will be provided to the participants of customer market (like corporate, offshore, etc.) via information vendor.


Supplier name Main category DescriptionKOSCOM Audit

requirements/No insubstantial redistribution allowed

Please note the following details relating to KOSCOM delayed information: 1. Information is provided with a time delay of at least 20 minutes; 2. KOSCOM and Information Owner accept no liability for the accuracy or reliability of the Information or any loss or claims arising from use of the Information; and 3. recipient of the Information is permitted to use the Information exclusively for the recipient’s own internal use; any commercial licensing or redistribution of Information to any third party is not permitted without the prior written agreement of KOSCOM. Please note the following details relating to the distribution of KOSCOM Information to Subscribers by Refinitiv: Subscriber Agreement shall provide that Subscriber is permitted to exclusively use the Information internally and that redistribution of Information to third parties is not permitted without prior approval of KOSCOM unless otherwise provided in writing. Subscribers are not permitted to redistribute the Information without prior approval from KOSCOM. Subscribers shall notify KOSCOM their Non-Display Usage and shall pay Non-Display Purpose Fees directly to KOSCOM in accordance with Policy. KOSCOM or any independent agent acting on behalf of KOSCOM may, on at least 30 days’ notice, inspect systems, equipments, control procedures, records of Refinitiv (including systems, equipments, control procedures, records installed at the premise of Subscriber, and as per Clause 9.4) insofar as they relate to the purpose of verifying compliance with this Agreement. For avoidance of doubt, there is no limit on the number of inspections on a Subscriber, which may include inspections on Refinitiv equipment installed at Subscriber’s premises. Subscriber acknowledges that delays, interruptions, omissions or inaccuracies of Information which are not caused by KOSCOM’s wilful misconduct or gross negligence may take place, and agrees that KOSCOM shall not have any obligation or liability to Subscriber or any other party for any direct, indirect or consequential damages related to such delays, interruptions, omissions or inaccuracies.

Land Transport Authority Singapore


The data sets provided by the Singapore Government and its Statutory Boards via Data.gov.sg are governed by the Terms of Use available at https://www.lta.gov.sg/content/ltaweb/en/terms-of-use.html. To the fullest extent permitted by law, the Singapore Government and its Statutory Boards are not liable for any damage or loss of any kind caused directly or indirectly by the use of the data sets or any derived analyses or applications.

Lehman Brothers Research (still known under this name)


1. Recipient acknowledges that all proprietary rights in the Research that are owned by Lehman Brothers Inc. (Lehman shall remain the property of Lehman and Recipient shall have no right or interest in such Research except the rights to use such Research upon the terms and conditions of this Agreement. Recipient acknowledges that the Research as compiled, prepared, selected and arranged by Lehman constitute an expenditure of substantial time, effort and money by Lehman and constitute valuable commercial property and/or trade secrets of Lehman. Recipient agrees that it will not remove any copyright notice disclosure, disclaimer or other notification or trade name or marks of Lehman that may appear in the Research and that any permitted reproduction and/or distribution of the Research shall contain such notices and/or marks as they appear in the Research. Recipient may not use the Lehman name or trademarks without the prior written consent of Lehman. 2. Recipient shall not modify the Research; create derivative works based on the Research; rewrite or reprocess the Research; or redistribute the Research or any portions thereof to anyone without Lehman’s prior written consent. Recipient agrees that it shall not construct or facilitate the construction of products which compete with the Research. 3. Recipient shall comply with all applicable laws and regulations relating to use of the Research during the term of this Agreement 4. RECIPIENT ACKNOWLEDGES AND AGREES THAT THE RESEARCH IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. UNDER NO CIRCUMSTANCES SHOULD THE RESEARCH BE USED OR CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION OF ANY OFFER TO BUY THE SECURITIES OR OTHER INSTRUMENTS MENTIONED IN IT. THE RESEARCH HAS BEEN OBTAINED FROM VARIOUS SOURCES, AND LEHMAN DOES NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. OPINIONS EXPRESSED IN THE RESEARCH ARE SUBJECT TO CHANGE WITHOUT NOTICE. THE PRODUCTS MENTIONED IN THE RESEARCH MAY NOT BE ELIGIBLE FOR SALE IN SOME STATES OR COUNTRIES, NOR SUITABLE FOR ALL TYPES OF INVESTORS; THEIR VALUE AND THE INCOME THEY PRODUCE MAY FLUCTUATE AND/OR BE ADVERSELY AFFECTED BY EXCHANGE RATES. RECIPIENT further acknowledges that LEHMAN is not acting in a fiduciary capacity with respect to RECIPIENT and that LEHMAN is not assuming any duties or obligations other than those expressly set forth herein. 5. LEHMAN makes no representations or warranties, either express or implied, with respect to the Research, including without limitation, any implied warranty of merchantability or fitness for a particular use with respect to THE RESEARCH. The RESEARCH IS provided as is and RECIPIENT expressly agrees that use of the RESEARCH is at RECIPIENT’S sole risk. LEHMAN does not warrant that the RESEARCH will not be uninterrupted, delayed or error free, nor does it make any warranties as to the results to be obtained from use of the RESEARCH. Without limiting the generality of the foregoing, LEHMAN expressly disclaims any responsibility or liability for any inaccuracies or inconsistencies in the Research.

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Supplier name Main category DescriptionLBMA Silver Price Disclaimer and

attributionLBMA Silver Price (“Benchmark”) is owned by The London Bullion Market Association (“LBMA”), calculated by CME Benchmark Europe Ltd. (“CMEBEL”) and administered by Refinitiv Benchmark Services Ltd. (“RBSL”). None of LBMA, CMEBEL, TRBSL, their group companies, nor any of their or their group companies’ respective directors, officers, employees or agents (collectively the “Disclaiming Parties”) shall be liable in respect of the accuracy or the completeness of the Benchmark or the market data related thereto (“Market Data”) and none of the disclaiming parties shall have any liability for any errors, omissions, delays or interruptions in providing the Benchmark or market data. No disclaiming party makes any warranty, express or implied, as to results to be obtained by use of the Benchmark or Market Data. The Benchmark and Market Data is provided “as is” and no disclaiming party makes any express or implied warranties, conditions, guarantees or representations, with respect to the Benchmark or the Market Data and the Disclaiming Parties expressly disclaim all warranties, of merchantability or fitness for a particular purpose or use, satisfactory quality or non-infringement with respect to the Benchmark or Market Data or any data related thereto. Without limiting any of the foregoing, in no event shall any disclaiming party have any liability for any loss of profit, loss of or anticipated loss of revenue, loss of use, business interruption, loss of use of any equipment, loss of any contract or other business opportunity or goodwill or indirect, punitive, special, incidental or consequential damages, even if advised of the possibility of such loss or whether such loss otherwise would have been foreseen. This limitation of liability shall not exclude or restrict the liability of the Disclaiming Parties or any other person: (a) in respect of the fraud, bad faith, wilful default or gross negligence of the applicable disclaiming party; (b) in respect of personal injury or death resulting from negligence; or (c) otherwise to the extent it cannot be excluded or restricted in accordance with applicable law. The exclusions and limitations of liability contained herein shall apply whether: (a) a claim arises in contract, tort, negligence, strict liability, breach of statutory duty, contribution or otherwise; or (b) a claim is brought directly or as a third-party claim. No Advice. The Benchmark and Market Data are provided for general information purposes only and provision of the Benchmark and Market Data does not constitute legal, financial or other professional advice. No Disclaiming Party shall be responsible for any costs or damages resulting from your use or reliance of the Benchmark or Market Data, (or anybody accessing the Benchmark or Market Data via you), including but not limited to decisions relating to the sale and purchase of instruments or legal, compliance and/or risk management decisions. You agree that you access the content at your own risk in these respects.

LBMA Silver Price (CME)


NEITHER CME BENCHMARK EUROPE LTD. (“CMEBEL”) NOR ANY OF ITS GROUP COMPANIES, NOR ANY OF THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES OR AGENTS (COLLECTIVELY WITH CMEBEL, THE “CMEBEL PARTIES”) SHALL BE LIABLE IN RESPECT OF THE ACCURACY AND/OR THE COMPLETENESS OF THE LBMA SILVER PRICE (“BENCHMARK”) OR OF ANY MARKET DATA RELATED THERETO (“MARKET DATA”) AND NONE OF THE CMEBEL PARTIES SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, DELAYS OR INTERRUPTIONS IN PROVIDING THE BENCHMARK OR MARKET DATA. NO CMEBEL PARTY MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY USE OF THE BENCHMARK OR MARKET DATA. CMEBEL IS PROVIDING THE BENCHMARK AND MARKET DATA “AS IS” AND NO CMEBEL PARTY MAKES ANY EXPRESS OR IMPLIED WARRANTIES, CONDITIONS, GUARANTEES OR REPRESENTATIONS, WITH RESPECT TO THE BENCHMARK OR THE MARKET DATA AND THE CMEBEL PARTIES EXPRESSLY DISCLAIM ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, SATISFACTORY QUALITY OR NON-INFRINGEMENT WITH RESPECT TO THE BENCHMARK OR MARKET DATA OR ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ANY CMEBEL PARTY HAVE ANY LIABILITY FOR ANY LOSS OF PROFIT, LOSS OF OR ANTICIPATED LOSS OF REVENUE, LOSS OF USE, BUSINESS INTERRUPTION, LOSS OF USE OF ANY EQUIPMENT, LOSS OF ANY CONTRACT OR OTHER BUSINESS OPPORTUNITY OR GOODWILL OR INDIRECT, PUNITIVE, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH LOSS OR WHETHER SUCH LOSS OTHERWISE WOULD HAVE BEEN FORESEEN. THIS LIMITATION OF LIABILITY SHALL NOT EXCLUDE OR RESTRICT THE LIABILITY OF THE CMEBEL PARTIES OR ANY OTHER PERSON: (A) IN RESPECT OF THE FRAUD, BAD FAITH, WILFUL DEFAULT OR GROSS NEGLIGENCE OF THE APPLICABLE CMEBEL PARTY; (B) IN RESPECT OF PERSONAL INJURY OR DEATH RESULTING FROM NEGLIGENCE; OR (C) OTHERWISE TO THE EXTENT IT CANNOT BE EXCLUDED OR RESTRICTED IN ACCORDANCE WITH APPLICABLE LAW. THE EXCLUSIONS AND LIMITATIONS OF LIABILITY CONTAINED HEREIN SHALL APPLY WHETHER: (A) A CLAIM ARISES IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, BREACH OF STATUTORY DUTY, CONTRIBUTION OR OTHERWISE; OR (B) A CLAIM IS BROUGHT DIRECTLY OR AS A THIRD-PARTY CLAIM. No Advice. The Benchmark and Market Data are provided for general information purposes only and provision of the Benchmark and Market Data does not constitute legal, financial or other professional advice. No CMEBEL Party shall be responsible for any costs or damages resulting from your use or reliance of the Benchmark or Market Data, (or anybody accessing the Benchmark or Market Data via you), including but not limited to decisions relating to the sale and purchase of instruments or legal, compliance and/or risk management decisions. You agree that you access the content at your own risk in these respects.


Supplier name Main category DescriptionLiberum Capital Limited Research


1. You expressly agree and acknowledge that all proprietary rights in the research are the property of Liberum Capital Limited (“Liberum”) and that the research is provided for information purposes only and should not be regarded as an offer or solicitation to buy or sell any security or other financial instrument. The research has no regard for the specific investment objectives, financial situation and needs of any specific person or entity. All expressions of opinions and estimates constitute a judgement and are those of the author and the research department of Liberum only and are subject to change without notice. The research is based on materials and sources that are believed to be reliable; however, they are not independently verified and are not guaranteed as being accurate. The research is not guaranteed to be a complete statement or summary of any securities, markets, reports or developments referred to therein. No representation or warranty either expressed or implied, is made nor responsibility of any kind is accepted by Liberum, its directors, officers, employees or agents either as to the accuracy or completeness of any information contained in this communication nor should it be relied on as such. 2. You have no right or interest in the research except the rights to use it subject to the terms and conditions set out herein and in the research. The recipient acknowledges that the research requires a considerable amount of time, effort and money by Liberum. The recipient agrees that it will not remove any copyright notice disclosure, disclaimer or other notification or trade name or marks of Liberum that may appear in the research and that any permitted distribution of the research shall information as they appear in the research. 3. Recipient shall comply with all applicable laws and regulations relating to use of the Research during the term of this Agreement. 4. Please refer to www.liberumcapital.com for detailed disclosures relating to the research and Liberum.

LIFFE Uniform subscriber addenda


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Information from the Louisiana Department of Insurance contained within Refinitiv’s services may be accessed free of charge at the Louisiana Department of Insurance website.

Markit – Credit and Structured Finance Indices


You may not redistribute – without Markit's permission – any of Markit's Credit Derivative Indices and Structured Finance Indices data or any derived data created by You from Markit's Credit Derivative Indices and Structured Finance Indices, save however that You may redistribute an insubstantial amount only of the Markit Credit Derivative Indices and Structured Finance Indices data to third parties. Certain Third-party Providers require a specified notice period for the cancellation of their Service. Accordingly, for Markit CDS Service you will continue to be billed for 90 days after ceasing to declare entitled Users on your Access Statement.

http://www.liberumcapital.com


mailto:sedol%40londonstockexchange.com?subject=


Supplier name Main category DescriptionMarkit – iBoxx Indices


Except as otherwise permitted by Markit, You shall only be allowed to use the Markit iBoxx data internally in the course of your business, and shall not: use the Markit iBoxx data to create books of records or for position level valuation purposes, redistribute, transfer, sub-license, rent, lend, transmit, sell, resell, re-circulate, repackage, lease, publish or otherwise re-distribute, or make available all or any portion of the Markit iBoxx data, save however that You may redistribute an insubstantial amount only of the Markit iBoxx data; and use the Markit iBoxx data to develop, create, support or directly price any index (e.g., any composite financial index) or for any other databases, products or services. Certain Third-party Providers require a specified notice period for the cancellation of their Service. Accordingly, for Markit iBoxx Service you will continue to be billed for 90 days after ceasing to declare entitled Users on your Access Statement.

Merrill Lynch Indices


Merrill Lynch, Pierce, Fenner & Smith Incorporated and its affiliates (“BofAML”) indices and related information, the name “Bank of America Merrill Lynch,” and related trademarks, are intellectual property licensed from BofAML, and may not be copied, used or distributed without BofAML’s prior written approval. BofA Merrill Lynch index constituent reference and pricing data can only be used internally for purposes of benchmarking, performance attribution, research, analysis and risk/compliance reporting related activities performed solely in connection with the BofA Merrill Lynch indices. For avoidance of doubt, index constituent pricing data may not be used as a source for valuing a fund/portfolio unless you have entered into a direct agreement with the relevant primary pricing source that BofAML has used to compile the index which permits such use. Index constituent reference and pricing data may not be used to enhance or validate your own bond or other reference data or bond pricing product or service. The licensee’s products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold or promoted by BofAML. BofAML is not an investment advisor and has no fiduciary obligation to you; your use of the indices, index data, any related data, BofAML’s trademarks and Licensee’s products shall not constitute BofAML acting as an investment advisor or fiduciary to you or any other party. BOFAML MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE INDICES, INDEX DATA, ANY RELATED DATA, ITS TRADEMARKS OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, THEIR QUALITY, ACCURACY, SUITABILITY AND/OR COMPLETENESS).

Metal Bulletin Limited


FURTHER USAGE RESTRICTIONS Customer agrees that it shall not knowingly or negligently license, or allow access to the Information to, any third party for use in any product that displaces a service directly supplied by the Supplier which includes the Information, or for any other commercial purposes other than use as part of the Refinitiv Services. DISCLAIMER WITHOUT PREJUDUCE TO THE REMAINING PROVISIONS OF THIS CLAUSE, CUSTOMER AGREES THAT THEIR USE OF ANY CONTENT IS AT THEIR SOLE RISK AND ACKNOWLEDGE THAT ALL INFORMATION IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE CONTENT IS MADE AVAILABLE AS GENERAL INFORMATION AND ANY ADVICE, OPINION, STATEMENT OR OTHER INFORMATION FORMING PART OF THE INFORMATION IS NOT INTENDED FOR TRADING OR TO ADDRESS YOUR PARTICULAR REQUIREMENTS. THE INFORMATION DOES NOT CONSTITUTE ANY FORM OF ADVICE, RECOMMENDATION OR ARRANGEMENT BY THE SUPPLIER (INCLUDING, WITHOUT LIMITATION, INVESTMENT ADVICE OR AN OFFER OR SOLICITATION TO BUY OR SELL ANY SECURITY, FINANCIAL PRODUCT OR OTHER INVESTMENT) AND IS NOT INTENDED TO BE RELIED UPON BY USERS IN MAKING (OR REFRAINING FROM MAKING) ANY SPECIFIC INVESTMENT OR OTHER DECISIONS. APPROPRIATE INDEPENDENT ADVICE SHOULD BE OBTAINED BEFORE MAKING ANY SUCH DECISION. THE INFORMATION MAY INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS. CHANGES ARE PERIODICALLY MADE TO THE INFORMATION. SAVE AS PROVIDED IN THESE TERMS, NEITHER THE SUPPLIER NOR THEIR LICENSORS AND/OR REPRESENTATIVES MAKE ANY REPRESENTATIONS OR WARRANTIES AND, TO THE FULLEST EXTENT ALLOWED BY LAW, EXCLUDE ALL IMPLIED WARRANTIES (INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF SATISFACTORY QUALITY, TITLE AND FITNESS FOR A PARTICULAR PURPOSE) REGARDING (A) THE SUITABILITY OF THE INFORMATION; (B) THE ACCURACY, AVAILABILITY, RELIABILITY, COMPLETENESS OR TIMELINESS OF THE INFORMATION; OR (C) THE RESULTS OBTAINED FROM ACCESSING AND USING THE INFORMATION. FURTHER, THE SUPPLIER DOES NOT REPRESENT OR WARRANT THAT (A) THE FUNCTIONS CONTAINED IN THE SITES OR SERVICES WILL BE UNINTERRUPTED OR ERROR-FREE; (B) DEFECTS WILL BE CORRECTED; NOR (C) THE SITES, THE SERVICES OR THE SERVERS THAT MAKE THEM AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. Neither the Supplier, Refinitiv and the Refinitiv Group, or any of their representatives will be liable to the Customer for any incidental, punitive, indirect, special or consequential damage, loss or expenses, including but not limited to any loss of business, contracts, revenue or profits, any business interruption, security breach, loss of data, loss of goodwill or reputation or other pecuniary loss suffered by a Customer, even if such Customer or any of their representatives have been advised of their possible existence. Neither the Supplier, nor any of their representatives will be liable to Refinitiv nor to the Customer(s) for any direct damage loss or expenses arising from loss of customers, loss of profits, loss of anticipated profits or loss of savings security breach or loss of data. Neither the Supplier nor their representatives shall be liable to Refinitiv and its Customer(s) for any direct or indirect damage, loss or expenses suffered by Refinitiv or its Customer(s) as a result of: i. any viruses, worms, “Trojan horses” or similar programs, denial of service attack, spamming or hacking or consequential damages or any claim against the Supplier by any other party; or ii. any fault, inaccuracy, omission, delay or any other failure in the delivery of the Information caused by Refinitiv’s or the Customer’s computer equipment or arising from the use of the Services on such equipment; or iii. any inaccuracies or errors in or omissions from any information including, but not limited to, quotes and financial data; or iv. any delays, interruptions or short-term or immaterial


Supplier name Main category DescriptionMetal Bulletin Limited cont.


errors in the transmission or delivery of the information; or v. any additions, deletions or changes made to the information at any time. To the extent that the provisions of any applicable law shall impose restrictions on the extent to which liability can be excluded under this Agreement including, for the avoidance of doubt, the provisions of sections 3, 6 and 11 of the Unfair Contract Terms Act 1977 in the UK (and its equivalent in any other jurisdiction) relating to the requirement of reasonableness, the exclusions set out in this Clause shall be limited in accordance with such restrictions. However, any exclusions of liability that are not affected by such restrictions shall remain in full force and effect. PRICING DISCLAIMER Prices and other information contained in the Service have been obtained by the Supplier from various sources believed to be reliable. This information has not been independently verified by the Supplier. Those prices and price indices that are evaluated or calculated by the Supplier represent an approximate evaluation of current levels based upon dealings (if any) that may have been disclosed prior to publication to the Supplier. Such prices are collated through regular contact with producers, traders, dealers, brokers and purchasers although not all market segments may be contacted prior to the evaluation, calculation or publication of any specific price or index. Actual transaction prices will reflect quantities, grades and qualities, credit terms and many other parameters. The prices are in no sense comparable to the quoted prices of commodities in which a formal futures market exists. Evaluations or calculations of prices and price indices by the Supplier are based upon certain market assumptions and evaluation methodologies, and may not conform to prices or information available from third parties. There may be errors or defects in such assumptions or methodologies that cause resultant evaluations to be inappropriate for use. Customer’s use or reliance on any prices or other information published by the Supplier is at Customer’s sole risk. Neither the Supplier nor their providers of information make any representations or warranties, express or implied as to the accuracy, completeness or reliability of any advice, opinion, statement or other information forming any part of the published information or its fitness or suitability for a particular purpose or use. Neither the Supplier, nor any of their officers, employees or representatives shall be liable to any person for any losses or damages incurred, suffered or arising as a result of use or reliance on the prices or other information contained in this publication, howsoever arising, including but not limited to any direct, indirect, consequential, punitive, incidental, special or similar damage, losses or expenses. The Supplier is not an investment adviser, a financial adviser or a securities broker. The information published has been prepared solely for informational and educational purposes and is not intended for trading purposes or to address Customer’s particular requirements. The information provided is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, commodity, financial product, instrument or other investment or to participate in any particular trading strategy. Such information is intended to be available for Customer’s general information and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. Customer’s investment actions should be solely based upon Customer’s own decisions and research and appropriate independent advice should be obtained from a suitably qualified independent adviser before any such decision is made. The Supplier will not be liable in contract or tort or otherwise for: a) any indirect, consequential or special losses of the Customer, or third party even if such party has been advised of the possibility of such indirect, consequential or special losses; b) the acts or omissions of third parties.

Microsoft Software Please access the document by clicking on the link.

Moody’s Embargoed Research


“Client may redistribute insubstantial portions of Data to Client’s clients in its own business applications, reports, presentations, graphs and other publications without Moody’s prior written consent, provided, however, that the Data utilized is only supportive and incidental in nature to the substance of such presentations, reports and exhibits, (ii) Client agrees that Client will assume full liability for any such redistribution of the Data, (iii) Client may not redistribute Data supplied by Moody’s third-party licensors absent the separate written consent of such third-party licensor; and (iv) Client agrees not to use the limited right to redistribute the Data granted hereunder either (a) on a recurrent basis; (b) to develop for sale and/or distribution or otherwise a product that competes with any product or service of Moody’s or its Affiliates, or in the case of CUSIP Numbers and Standard Descriptions a product that substitutes for CUSIP Master Tape, Print, Electronic and/or CD-ROM Services; or (c) in connection with a prospectus or other offering document. Client shall give appropriate credit to Moody’s or the appropriate third-party licensor (where permitted) for the use of insubstantial portions of Data.”

Morningstar® Document Research and Morningstar Data


(i) Certain of the information contained in the Refinitiv service: (1) is proprietary to Morningstar Inc. and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. (ii) Users of the Refinitiv service may not use programs, bots, spiders or the like to programmatically search, extract and/or download the Morningstar information from the Refinitiv service. Any portion of the Morningstar information that is downloaded from the Refinitiv service may not be used for commercial purposes. (iii) Clients who utilize the Morningstar information within any Refinitiv service may only utilize such information as outlined in their direct agreement with Refinitiv. Unless Clients have a direct agreement with Morningstar, they shall have no additional rights to use and/or distribute the information apart from the Refinitiv service which is providing such information.

https://thesource.refinitiv.com/thesource/getfile/index/718ce8f3-c59f-490e-8783-3a515a46518f


Supplier name Main category DescriptionMoscow Exchange (MOEX) – previously MICEX & RTS

Restrictions over and above your Refinitiv subscriber agreement/ No insubstantial redistribution allowed

Subscribers must pay the fees for Real Time Market Data per each Access Point. Access Point is identification mean including code, log-in, password used for the granting of an individual authorized access to a particular Information product, containing the Real Time Market Data for the purpose to display the information on computer, tablet computer, mobile phone, other technical devices or for the purpose to use the information in Non-display System excluding the possibility of the simultaneous access to the information through more than one technical device or through more than one Non-display System. Subscribers are entitled to individual use, store and process the Market Data received from the Refinitiv, including use in Non-display Systems (e.g., algorithmic trading and risk management systems), but excluding systems for calculation of the Derived Data (defined as digital data including indexes and indicators calculated on the basis of the Market Data provided that they differ from the values of the initial Market Data used for their calculation and to the extent that the Derived Data calculation algorithm ensures the impossibility of the reverse display of the initial Market Data) intended for further public distribution. To avoid any doubts, calculating Derived Data (including Indexes) in Non-display Systems is allowed provided that such Derived Data are intended for personal internal usage and not intended for further external distribution or licensing. Subscribers are not entitled without prior written consent of the Exchange to perform the further distribution/transmission of the Market Data in any form and by any means including electronic, mechanic, photocopying, recording and other (including with a remote mobile (wireless) access), TV and radio broadcasting, displaying at Websites, as well as to use the data in test/training/simulator-based and others system publicly accessible for external audience and purposed for display and/or transmission of the data and to use the data for calculation of the Derived Data intended for the further public distribution. Moscow Exchange shall be entitled to conduct (including by engaging third parties) information audits of the Subscribers in order to control the compliance with the terms and conditions of use of Market Data determined by the Moscow Exchange.

MSCI RiskMetrics Solution


Client shall not use the ‘RiskMetrics Solutions on Eikon’ service (“Service”) to verify or correct data or other information in any index or other compilation of data or information. Client shall not use the Service or any portion thereof in connection with the writing, creating, managing, trading, marketing or promotion of any securities or other financial instruments or products, including, without limitation, funds, synthetic or derivative securities (e.g., options, warrants, swaps and futures), whether listed on an exchange or traded over the counter or on a private placement basis or otherwise or to create, market or promote any indices (custom or otherwise). Client may redistribute limited extracts/insubstantial portions of the Service to its investors and/or regulators so long as such redistribution is non-systematic and non-commercial. Regarding the Service, in the event of any conflict between Client’s direct agreement with RiskMetrics Solutions (“RMS”) and Client’s agreement with Refinitiv, Client’s agreement with RMS shall control with respect to Client’s use of the Service, including but not limited to, Client’s use of the Portfolio Risk Analytics Data.

National Association of Real Estate Investment Trusts


Client hereby agrees to comply with any terms and conditions governing the use of any third-party website or content accessed through the Service.

National Oilseed Processors Association (NOPA)


RESTRICTION in use of NOPA reports and content. It is strictly PROHIBITED for subscribers of the NOPA service to engage in any manner of UNAUTHORIZED REDISTRIBUTION of the NOPA reports, and the data. The NOPA reports and the data contained therein (a) are proprietary to Refinitiv and NOPA, (b) are made available only to licensed subscribers and solely for their internal use, and (c) any unauthorized disclosure or redistribution of such reports and data is strictly prohibited and a violation of Refinitiv’s and NOPA’s protected intellectual property rights.

Newspaper Licensing Agency (NLA)


Clients accessing UK newspaper content via Refinitiv must hold a Web End User Licence with the NLA. For more information visit: link.

New York Stock Exchange (NYSE) – Corporate Actions


Effective January 1, 2017 entities redistributing NYSE Corporate Actions data require a redistribution license directly from NYSE. Irrespective of any redistribution rights granted in Client’s existing agreement with Refinitiv, any redistribution of the NYSE Corporate Actions data requires a direct license agreement between the Client and NYSE. For more information on the NYSE Group Corporate Actions or to obtain a license, please contact [email protected].

New York Stock Exchange (NYSE) – Security Master File Reference Data


Effective April 1, 2016, a direct agreement is required by clients who redistribute NYSE Group Security Master File Reference Data based on new price schedule. Data Feed clients who distribute the NYSE Security Master File data outside of their organization to their external clients are required to obtain a Redistribution License for the data from NYSE. Please contact your Refinitiv account rep to initiate this process.

http://www.nla.co.uk/default.aspx?tabid=41.

mailto:Sales-PDP%40TheIce.com?subject=


Supplier name Main category DescriptionNew York Stock Exchange (NYSE) – Short Interest Data


Effective January 1, 2016, a direct agreement is required by clients who redistribute NYSE Group Short Interest data based on new price schedule. Data Feed clients who distribute the NYSE Short Interest data outside of their organization to their external clients are required to obtain a Redistribution License for the data from NYSE. Please contact your Refinitiv account rep to initiate this process. Client hereby agrees to comply with any terms and conditions governing the use of any third-party website or content accessed through the Service.

Nikkei Indices Additional information

Nikkei shall hold all intellectual property rights on any data derived from data for which Nikkei is the original source.

Nomura BPI Index (Nomura Research Institute Ltd.)


Use of Nomura BPI Index information outside of Refinitiv Desktop requires a separate agreement with Nomura Institute of Research Ltd. Please contact with NRI http://fis.nri.co.jp/en/index.html, and send an email request to [email protected] for subscription. Client hereby agrees to comply with any terms and conditions governing the use of any third-party website or content accessed through the Service.

Nordic Growth Market


Real Time data, although not subject to end user fees, may only be distributed within a Closed User Group, accessible via a personal User ID. This does not mean that there must be separate entitlements for this data set, rather that the data can only be accessed, for example, by logging into the organization's IT infrastructure, or logging into a workstation. This would constitute a Closed User Group. Client hereby agrees to comply with any terms and conditions governing the use of any third-party website or content accessed through the Service.

NYMEX Uniform subscriber addenda


OECD Disclaimer and attribution

Permitted use Except where additional restrictions apply as shown on http://www.oecd.org/termsandconditions/, you can extract from, download, copy, adapt, print, distribute, share and embed Data for any purpose, even for commercial use. You must give appropriate credit to the OECD by using the citation associated with the relevant Data, or, if no specific citation is available, you must cite the source information using the following format: Dataset name: Data source: DOI or URL. Accessed on (date). When sharing or licensing work created using the Data, you agree to include the same acknowledgment requirement in any sub-licenses that you grant, along with the requirement that any further sub-licensees do the same.

OneChicago Uniform subscriber addenda


Platts (PCL Services)



Platts (Collateral License Agreement)



QUICK Corp Disclaimer and attribution

Copyright in and to the content (hereinafter “Content”) provided by QUICK Corp. (hereinafter “QUICK”) shall vest in QUICK or QUICK’s designee. The republication or redistribution of Content outside of Refinitiv desktop is prohibited. Content may not be duplicated, translated, adapted, broadcast, published, sold or lent without permission. Disclaimers Content is not intended to solicit investment. Users shall exercise their own judgment and responsibility in the use of information obtained from Content. Content is created based on data and information which is believed to be reliable at the time of creation, but QUICK and QUICK’s designee are not responsible for the accuracy, reliability, timeliness or completeness of Content. Neither QUICK nor QUICK’s designee shall bare any responsibility for damages incurred as a result of relying on Content. Also, no responsibility shall be accepted, regardless of the cause, for any lack of accuracy or reliability of Content of articles, or for any delays of interruptions in their provision.

Rating and Investment Information, Inc.


Use of Rating information outside of Refinitiv desktop requires a separate agreement with R & I. Please contact with R & I directly to establish a commercial relationship.

RIM Intelligence Co. Limited


Certain Third-party Providers require a specified notice period for the cancellation of their Service. Accordingly, for RIM Intelligence Co. Limited Service you will continue to be billed for 90 days after ceasing to declare entitled Users on your Access Statement.

Sankei Online News


Storage and display period shall be restricted for 7 days (as of April 1, 2015).

http://fis.nri.co.jp/en/index.html

mailto:bpi-admin%40nri.co.jp?subject=


http://www.oecd.org/termsandconditions/

https://thesource.refinitiv.com/thesource/getfile/index/101f6835-d17d-4e7b-a8d5-275f121fcf28

https://thesource.refinitiv.com/thesource/getfile/index/53dbd31a-0845-4f5f-9edf-f147f60751ca

https://thesource.refinitiv.com/thesource/getfile/index/e3d080ed-d306-49f3-9ad9-adcefd3aca00


Supplier name Main category DescriptionSCRIPTS Asia Inc. Additional

information1. All information (the “Information”) shall be viewed only by entitled users (the “User”). 2. User shall not: – create derived data from the Information; – distribute any part of the Information (regardless of the form or format) within its organization, in any way; – redistribute any part of the Information (regardless of the form or format) externally, in any way (including without limitation making it publicly available); – reverse engineer, disassemble, decompile, decode, adapt, or otherwise attempt to derive or gain access to the source code of the Information, in whole or in part; nor – use the Information in any manner or for any purpose that infringes, misappropriates, or otherwise violates any intellectual property right or other right of any person, or that violates any applicable law.

Seoul Money Brokerage Company (SMBC)


Restriction rules for the data usage: The interbank rates from SMBS (Seoul Money Brokerage Company) and KMBC (Korea Money Brokerage Company) is a restricted set of data and any misuse of the data is subject to penalty. For any clients using DACS Permissioning system, PDP code ‘WWPRPKFTRDS’ must be only granted to direct market participants in South Korea – i.e., banks, interbank dealers. Users outside Korea or customer market participants – i.e., corporate, offshore must not access the interbank rates. According to 'Improvement of pricing and quoting system and strategies for advancement of Seoul Foreign Exchange Market' issued in 2005, the following applies: Only direct participants in the Korean interbank market (banks, interbank dealer) will be granted an access authority for the real-time information about the market. Exchange rates (quoted rate by each banks or random rate notified rate by market information services providers) that participants of interbank market provide will be provided to the participants of customer market (like corporate, offshore, etc.) via information vendor.

Solactive and LGIM


This index data (the “Data”) is strictly private and confidential and should not be disclosed to any third party without the prior written consent of Legal & General. The Data is provided “as is” and “as available.” To the extent permitted by law, Legal & General do not guarantee the accuracy, completeness or reliability of such Data and do not accept any liability whatsoever in respect of such Data. Legal & General are not soliciting any action based on the Data and any reliance is at your own risk. To the extent permitted by law, Legal & General does not owe or accept any duty of care to you or any third party for any loss or damage arising out of or in connection with the Data, howsoever arising, whether arising in or for breach of contract, tort (including negligence), misrepresentation, misstatement, breach of statutory duty or otherwise in respect of or arising out of the preparation and/or disclosure of the Data.

Standard & Poor's Disclaimer and attribution

Copyright 2011, Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. All rights reserved. Standard & Poor's including its subsidiary corporations ("S&P") is a division of The McGraw-Hill Companies, Inc. Reproduction of any S&P products in any form is prohibited except with the prior written permission of S&P. Because of the possibility of human or mechanical error by S&P's sources, S&P or others, S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. S&P GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any indirect, special or consequential damages in connection with subscriber's or others' use of its products. You may not create an index or tradeable security using this data.

S&P Ratings Restrictions over and above your Refinitiv subscriber agreement/ No insubstantial redistribution allowed

Copyright © 201*, Standard & Poor's Financial Services LLC ("S&P"). Reproduction of RatingsXpress-Credit Ratings in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and is not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of ratings. S&P GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. S&P SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTIAL, EXEMPLARY, COMPENSATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES or LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS) IN CONNECTION WITH ANY USE OF RATINGS. S&P's ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the market value of securities or the suitability of securities for investment purposes, and should not be relied on as investment advice.

TASS Database Software Pursuant to the restrictions imposed by the contributors to the Lipper® TASS® Database, the information in the TASS Database may only be viewed by Accredited Investors, as such term is defined in Rule 501 of Regulation D under the United States Securities Act of 1933. Third-party data contributors may require that any Client receiving information from the Lipper-TASS Database warrant and represent that it is an Accredited Investor.

Technical Research


Certain Third-party Providers require a specified notice period for the cancellation of their Service. Accordingly, for Technical Research Service, you will continue to be billed for 90 days after ceasing to declare entitled Users on your Access Statement.


Supplier name Main category DescriptionThai Bond Market Association (ThaiBMA)


In addition to any other terms, conditions or restrictions of usage set out in the Agreement, Client agrees that the following with respect to ThaiBMA provided Information: (a) Client may only use the data for its internal business purposes. (b) Client may not Distribute or Redistribute any part of the Information in any form or manner. For the avoidance of doubt, Client acknowledges that this restriction will apply even if such Distribution or Redistribution is done in an infrequent or non-systematic manner. (c) Client acknowledges that as a condition of access to Information provided by ThaiBMA, ThaiBMA has expressly disclaimed liability for any loss or damage that Client may suffer in any manner relating to Client's use (or non-use) of such Information. Client may therefore not hold ThaiBMA liable for any loss or damage which Client may suffer or incur directly or indirectly due to Client's use of the Information provided by ThaiBMA. (d) Client shall not in any manner, directly or indirectly, reverse engineer or modify (or attempt to do so) any part of the Information provided by ThaiBMA. (e) As between ThaiBMA and Client, ThaiBMA owns all rights including intellectual property rights in the Information provided by ThaiBMA or any related documentation provided by ThaiBMA. (f) To the maximum extent permitted by law, ThaiBMA excludes any and all liability to Client for any damages or losses caused by delays or interruptions in the provision of the Information provided by ThaiBMA. (g) Client acknowledges that ThaiBMA may rely on the foregoing as a third-party beneficiary without being considered to have a contractual relationship with Client. In the provisions stated above, “Client” refers to the party which has subscribed to the Refinitiv services that include Thai Bond Market Association rates.

The Bank of Canada – Canadian Overnight Repo Rate Average (CORRA)


The Canadian Overnight Repo Rate Average (“CORRA”) is Canada’s risk-free overnight rate. It measures the cost of overnight general collateral funding in Canadian dollars using Government of Canada treasury bills and bonds as collateral for repurchase transactions. The Bank of Canada is the administrator of CORRA and provides the data and calculation methodology on its website at no cost. You must attribute the Bank of Canada as the source of the content, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests that the Bank endorses you or your use of the content.

Totan Information Cancellation policy for specialist data

Certain Third-party Providers require a specified notice period for the cancellation of their Service. Accordingly, for Totan Information Service you will continue to be billed for 90 days after ceasing to declare entitled Users on your Access Statement.

Tradeweb® Europe – Gilts Reference Prices



Tradeweb® Europe – MiFID II APA & MTF



Trendsetter Financial Services


Certain Third-party Providers require a specified notice period for the cancellation of their Service. Accordingly, for Trendsetter Financial Services, you will continue to be billed for 90 days after ceasing to declare entitled Users on your Access Statement.

UBS AG (Australia) Disclaimer and attribution

Client hereby agrees to comply with any terms and conditions governing the use of any third-party website or content accessed through the Service.

Wilshire Indices Disclaimer and attribution

License is for internal use only via the Datastream® suite of products or such other similar products. For the avoidance of doubt, any distribution, retransmission, publication or broadcast of any Wilshire Index Values will be for the third party's internal use only and any such third party must agree to be bound by these terms. As a condition of your right to use the Wilshire Index Values, you may not use any Wilshire Index or any Wilshire Marks, with the issuance, marketing or promotion of investment products (e.g., derivatives, structured products, investment funds, investment portfolios) where the price, return and/or performance of the investment product is based on or related to one or more Wilshire Indexes, except as provided for in a separate written agreement with Wilshire. Nothing in the Wilshire Index may be construed as granting any license or right to use any Wilshire Index or average (or element or subset of it), except as provided in a separate written agreement with Wilshire. You may not use the Wilshire Index Values to supplement or extend the index history of any non-Wilshire Index.

https://thesource.refinitiv.com/thesource/getfile/index/4d162ab5-811f-440c-b4c0-419e4eb28b68

https://thesource.refinitiv.com/thesource/getfile/index/bd022ceb-4734-4e78-960d-e122144f3dac


Supplier name Main category DescriptionWood Mackenzie Disclaimer and

attribution1. Where the Client receives identical material to the Information under a separate written contract with Wood Mackenzie, the terms of that contract shall apply to the supply of the Information to which identical material is provided instead of the Client's subscription agreement with a Refinitiv entity (the "Master Terms") and these Third-party Provider Restrictions (other than this clause 1). In all other circumstances, the Client shall ensure that any person using the Information is made aware of and complies with the Master Terms and these Third-party Provider Restrictions. 2. The Client hereby indemnifies Wood Mackenzie against any loss, damage or expense suffered or incurred by it in relation to a breach of these Third-party Provider Restrictions. 3. The Client shall use the Information for its internal business purposes only, and shall not include Information in, or supply such Information for inclusion in, any public document relating to a financial transaction, including a prospectus, circular, memorandum or report, without obtaining prior written consent from Wood Mackenzie (which may be subject to payment of a fee or other conditions for such use of Information). 4. The Client shall not alter, obscure, remove, interfere with or add to any of the trade marks, trade names, markings or notices affixed to or contained in the Information, and shall ensure that all those trade marks, trade names, markings and notices are reproduced completely and legibly on all copies of the Information, and if it excerpts any portion of the Information or uses any information contained in it in any document (which the Licensee is entitled to do only to the extent expressly permitted herein), shall accompany such excerpt or information with an attribution as follows: "Source: Wood Mackenzie. All Rights Reserved." 5. The Client acknowledges that no representations or warranties of any kind are given as to the Information and, to the extent permitted by law, any representations, warranties or conditions of any kind (whether express or implied) are hereby expressly excluded. 6. The Information and the information therein does not include, nor shall it be construed as including, advice, guidance or recommendations to take, or not to take, any actions or decisions in relation to any matter, including in relation to investments or the purchase or sale of any securities, shares or other assets of any kind. Should the Client (or any person) take any such action or decision based on information in the Information, it does so entirely at its own risk. 7. Promptly upon termination of the Client's subscription to the Information, the Client shall delete any electronic or other copies of the Information. Wood Mackenzie may require the Client to provide it with a letter, signed by an authorized officer of the Client, certifying that this has been done. The Client shall comply with any such request by Wood Mackenzie within fourteen (14) days. 8. References to "Wood Mackenzie" above shall be to Wood Mackenzie Limited, and/or any entity that, from time to time, directly or indirectly Controls, is Controlled by or is under common Control with Wood Mackenzie Limited (including its successors and assigns), where “Control” means the power to direct or cause the direction of the management or policies of an entity, whether through the ownership of voting securities, by contract or otherwise. 9. If Client receives or wishes to receive Wood Mackenzie Information via Refinitiv, then Wood Mackenzie has the right to confirm to Refinitiv, Client’s eligibility to receive the Information.

Yieldbroker Pty Ltd.


Clients must purge their system of the Supplier's Information on the termination of their agreement.

UBS Embargoed Research


If and to the extent a User uses, includes quotes from and/or references any Research Materials in any external publication, it shall refer to or reproduce those Research Materials accurately and without amendment, with correct attribution, and shall ensure that any disclaimer included in the relevant Research Materials is incorporated in, placed adjacent to or cross-referenced from the place in which the User publishes the Research Materials or reference to the Research Materials. Any reference to the disclaimer must direct the reader to an easily accessible full version of the disclaimer.

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THIRD-PARTY PROVIDER ADDITIONAL TERMS · 2020. 8. 18. · Refinitiv | Third-party provider...

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Transcript of THIRD-PARTY PROVIDER ADDITIONAL TERMS · 2020. 8. 18. · Refinitiv | Third-party provider...