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FIND A RATING
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CERAWEEK
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* S&P Global Home
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* Mobility
* Sustainable1
* Market Insights
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* Experts
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Market Insights
SUSTAINABILITY
ECONOMY
CAPITAL MARKETS
GLOBAL TRADE
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TECHNOLOGY & INNOVATION
GEOPOLITICAL RISK
ARTIFICIAL INTELLIGENCE
Events
FEATURED S&P GLOBAL EVENTS
WEBINAR REPLAYS
CERAWEEK
* About S&P Global
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* Corporate Responsibility
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* Diversity, Equity, & Inclusion
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* Investor Relations
--------------------------------------------------------------------------------
ABOUT S&P GLOBAL
--------------------------------------------------------------------------------
Our Purpose & Values
Our People
Our History
Capabilities
CORPORATE RESPONSIBILITY
--------------------------------------------------------------------------------
Overview
Reports & Policies
#ChangePays
ESG
S&P Global Foundation
Focus Areas
DIVERSITY, EQUITY, & INCLUSION
--------------------------------------------------------------------------------
Overview
People Resource Groups
Our Stories
Supplier Diversity
Search for a Job
INVESTOR RELATIONS
--------------------------------------------------------------------------------
Overview (opens in a new tab)
Presentations (opens in a new tab)
Investor Fact Book (opens in a new tab)
News Releases (opens in a new tab)
Quarterly Earnings (opens in a new tab)
SEC Filings & Reports (opens in a new tab)
Executive Committee (opens in a new tab)
Governance (opens in a new tab)
Merger Information (opens in a new tab)
Stocks & Dividends (opens in a new tab)
Shareholder Services (opens in a new tab)
Contact (opens in a new tab)
* S&P Global Home
* Market Intelligence
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* Mobility
* Sustainable1
* About S&P Global
* Corporate Responsibility
* Diversity, Equity, & Inclusion
* Investor Relations
About S&P Global
Our Purpose & Values
Our People
Our History
Capabilities
Corporate Responsibility
Overview
Reports & Policies
#ChangePays
ESG
S&P Global Foundation
Focus Areas
Diversity, Equity, & Inclusion
Overview
People Resource Groups
Our Stories
Supplier Diversity
Search for a Job
Investor Relations
Overview (opens in a new tab)
Presentations (opens in a new tab)
Investor Fact Book (opens in a new tab)
News Releases (opens in a new tab)
Quarterly Earnings (opens in a new tab)
SEC Filings & Reports (opens in a new tab)
Executive Committee (opens in a new tab)
Governance (opens in a new tab)
Merger Information (opens in a new tab)
Stocks & Dividends (opens in a new tab)
Shareholder Services (opens in a new tab)
Contact (opens in a new tab)
* S&P Global Offerings
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* Featured Topics
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* Featured Products
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* Events
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* Careers
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S&P GLOBAL OFFERINGS
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MARKET INTELLIGENCE
RATINGS
COMMODITY INSIGHTS
S&P DOW JONES INDICES
MOBILITY
SUSTAINABLE1
FEATURED TOPICS
--------------------------------------------------------------------------------
Sustainability
Private Markets
Energy Transition
Credit & Risk
Fixed Income
Supply Chain
Technology & AI
FEATURED PRODUCTS
--------------------------------------------------------------------------------
S&P CAPITAL IQ PRO
PLATTS CONNECT
S&P GLOBAL ESG SCORES
AUTOCREDITINSIGHT
RATINGS360
SPICE: THE INDEX SOURCE FOR ESG DATA
(opens in a new tab)
EVENTS
--------------------------------------------------------------------------------
Featured S&P Global Events
Webinar Replays
CERAWeek
S&P Global Market Intelligence
S&P Global Ratings
S&P Dow Jones Indices
S&P Global Mobility
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S&P Global Sustainable1
CAREERS
--------------------------------------------------------------------------------
Overview
Our Culture
Our Commitment
Our Work
Search for a Job
* S&P Global Home
* Market Intelligence
* Ratings
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* Sustainable1
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MARKET INTELLIGENCE
RATINGS
COMMODITY INSIGHTS
S&P DOW JONES INDICES
MOBILITY
SUSTAINABLE1
Featured Topics
Sustainability
Private Markets
Energy Transition
Credit & Risk
Fixed Income
Supply Chain
Technology & AI
Featured Products
S&P CAPITAL IQ PRO
PLATTS CONNECT
S&P GLOBAL ESG SCORES
AUTOCREDITINSIGHT
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SPICE: THE INDEX SOURCE FOR ESG DATA
(opens in a new tab)
Events
Featured S&P Global Events
Webinar Replays
CERAWeek
S&P Global Market Intelligence
S&P Global Ratings
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Look Forward: Multidimensional Transition
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AI in Banking: AI Will Be An Incremental Game Changer
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India's Future: The Quest for High and Stable Growth
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* Terms of Use
TERMS OF USE
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S&P GLOBAL TERMS OF USE
THIS WEB PAGE, TOGETHER WITH THE LEGAL PAGES, DETAILS THE TERMS OF A LEGAL
AGREEMENT (THE "TERMS OF USE") BETWEEN YOU AND S&P GLOBAL INC., ALSO ACTING
ON BEHALF OF ITS SUBSIDIARIES AND AFFILIATES (COLLECTIVELY "S&P GLOBAL"). BY
ACCESSING OR USING THIS WEBSITE, CURRENTLY LOCATED AT SPGLOBAL.COM OR ANY
WEBSITE OR MOBILE APPLICATION REFERRING TO THESE TERMS OF USE AS ITS TERMS
(THE “WEBSITE”), OR ANY CONTENT (AS DEFINED BELOW), YOU ACKNOWLEDGE AND
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YOU VOLUNTARILY AND IRREVOCABLY ACCEPT AND AGREE TO BE BOUND BY THE TERMS OF
USE. YOU ALSO AGREE TO COMPLY WITH ALL LAWS AND REGULATIONS APPLICABLE TO THE
USE OF THIS WEBSITE, THE USE OF THE INTERNET, AND THE ACTIVITIES INVOLVED IN
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IF YOU DO NOT AGREE WITH THESE TERMS OF USE, DO NOT USE THIS WEBSITE. IF YOU,
OR THE ENTITY THROUGH WHICH YOU WERE PROVIDED A LOG-IN ID AND PASSWORD,
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S&P GLOBAL RESERVES THE RIGHT TO VARY, AMEND, REMOVE OR ADD TO THE TERMS OF
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ACKNOWLEDGE AND AGREE THAT (A) YOU MUST BE A QIB TO ACCESS THE QIB
INFORMATION, (B) THE QIB INFORMATION CONTAINED ON THIS WEBSITE MAY ONLY BE
AVAILABLE TO QIBS, (C) YOU WILL NOT TRANSMIT OR USE ANY SUCH QIB INFORMATION
IN VIOLATION OF THE FEDERAL SECURITIES LAWS, AND (D) YOU REPRESENT AND
WARRANT TO S&P GLOBAL (ON BEHALF OF YOURSELF OR YOUR ORGANIZATION) THAT YOU
HAVE SUCH KNOWLEDGE AND EXPERIENCE IN FINANCIAL AND BUSINESS MATTERS SO THAT
YOU ARE CAPABLE OF EVALUATING THE MERITS AND RISKS OF THE SECURITIES FOR
WHICH QIB INFORMATION HAS BEEN MADE AVAILABLE BY THE ISSUERS, AND UTILIZE
EFFECTIVELY THE SOFTWARE, PRODUCTS AND/OR DATA PROVIDED BY S&P GLOBAL AS AN
ANALYTICAL TOOL TO ASSIST IN ANY SUCH EVALUATION. YOU ALSO CONFIRM THAT YOU
ARE SOLELY RESPONSIBLE FOR PERFORMING YOUR OWN EVALUATION OF ANY SUCH
SECURITIES, AND WITH RESPECT TO QIB INFORMATION MADE AVAILABLE BY ISSUERS TO
QIBS IN SECURITIES OFFERINGS AND IN THE QIB SECONDARY MARKET, S&P DOES NOT
MAKE ANY RECOMMENDATIONS AS TO WHETHER TO BUY, SELL OR HOLD ANY SUCH
SECURITIES OR AS TO THE USEFULNESS OF ITS SOFTWARE, PRODUCTS, AND DATA TO YOU
FOR PURPOSES OF MAKING ANY SUCH EVALUATION.
EVENTS. YOU HEREBY REPRESENT AND WARRANT THAT BY REGISTERING, ACCESSING, OR
OTHERWISE ENGAGING IN ANY S&P GLOBAL EVENT THROUGH THIS WEBSITE OR WHICH
OTHERWISE INCORPORATE THESE TERMS OF USE: (I) YOU, YOUR EMPLOYER, DIRECTORS
OR CORPORATE OFFICERS OF EITHER YOUR EMPLOYER OR YOUR EMPLOYER’S AFFILIATES,
ARE NOT THE SUBJECT OF ANY ECONOMIC SANCTIONS OR EXPORT CONTROL MEASURES
ADMINISTERED BY ANY APPLICABLE SANCTIONS OR EXPORT CONTROL AUTHORITY
(INCLUDING, BUT NOT LIMITED TO, (A) THE GOVERNMENT OF THE UNITED STATES,
INCLUDING THOSE ADMINISTERED BY THE OFFICE OF FOREIGN ASSETS CONTROL OF THE
U.S. DEPARTMENT OF THE TREASURY OR THE BUREAU OF INDUSTRY AND SECURITY OF THE
U.S. DEPARTMENT OF COMMERCE, (B) THE EUROPEAN UNION, AND (C) THE GOVERNMENT
OF THE UNITED KINGDOM) WHICH WOULD PROHIBIT YOUR REGISTRATION, ACCESS, OR
PARTICIPATION IN THE EVENT; AND (II) YOU ARE NOT LOCATED IN, AN AGENCY OR
INSTRUMENTALITY OF, OWNED OR CONTROLLED BY, ACTING FOR OR ON BEHALF OF, OR
OTHERWISE ORGANIZED UNDER THE LAWS OF OR RESIDENT IN A COUNTRY OR TERRITORY
THAT IS, OR WHOSE GOVERNMENT IS, THE SUBJECT OF ECONOMIC SANCTIONS THAT
BROADLY PROHIBIT DEALINGS WITH THAT COUNTRY OR TERRITORY WHICH WOULD PROHIBIT
YOUR REGISTRATION, ACCESS, OR PARTICIPATION IN THE EVENT. YOU ACKNOWLEDGE
AND AGREE THAT S&P GLOBAL HAS THE RIGHT TO IMMEDIATELY TERMINATE ALL
APPLICABLE SERVICES OR REMOVE YOU FROM ANY EVENT, IF S&P GLOBAL DETERMINES,
IN ITS SOLE DISCRETION, THAT S&P GLOBAL IS REQUIRED TO DO SO IN ORDER TO
COMPLY WITH APPLICABLE LAW, OR YOU HAVE BREACHED ANY OF THE REPRESENTATIONS
OR WARRANTIES IN THIS PARAGRAPH.
3. ADDITIONAL PRODUCT SPECIFIC RESTRICTIONS ON USE
3.1 S&P GLOBAL RATINGS.
HISTORICAL RATINGS PURSUANT TO SEC RULE 17G-7(B)
HISTORICAL S&P GLOBAL RATINGS CREDIT RATINGS IN EACH CLASS OF CREDIT RATING
FOR WHICH S&P GLOBAL RATINGS IS REGISTERED AS A NATIONALLY RECOGNIZED
STATISTICAL RATING ORGANIZATION ("NRSRO") IS AVAILABLE AT THE REGULATORY TAB
(COLLECTIVELY, THE "RATINGS HISTORY") AT WWW.SPGLOBAL.COM/RATINGS. THE
RATINGS HISTORY IS MADE AVAILABLE FREE OF CHARGE SUBJECT TO APPLICABLE TIME
DELAYS. IT IS INTENDED THAT THE AVAILABILITY OF RATINGS HISTORY ON THIS
WEBSITE WILL ADVANCE THE SECURITIES AND EXCHANGE COMMISSION ("SEC") GOAL OF
FOSTERING ACCOUNTABILITY AND COMPARABILITY AMONG NRSROS WITH RESPECT TO
ISSUER-PAID CREDIT RATINGS. AS SUCH, THE RATINGS HISTORY MAY BE USED TO,
INTER ALIA, PERFORM ANALYSIS COMPARING HOW DIFFERENT NRSROS PERFORM IN THE
CLASS OF CREDIT RATINGS FOR WHICH THEY ARE REGISTERED.
RATINGS HISTORY MAY NOT BE USED OR DISSEMINATED IN A MANNER THAT WOULD SERVE
AS A SUBSTITUTE FOR ANY S&P GLOBAL RATINGS PRODUCT OR SERVICE FOR WHICH A FEE
IS CHARGED. THIS RESTRICTION IS NOT INTENDED TO PREVENT THE USE OF THE
RATINGS HISTORY IN ACCORDANCE WITH THE SEC’S STATED OBJECTIVES FOR SEC RULE
17G-7(B).
NON-HISTORICAL RATINGS
ALL RATINGS ON THIS WEBSITE, EXCLUDING ONLY THE RATINGS HISTORY, ARE REFERRED
TO AS "NON-HISTORICAL RATINGS," REGARDLESS OF THEIR CURRENCY OR DATE OF
ISSUANCE.
EXCEPT AS EXPRESSLY SET FORTH BELOW, YOU AGREE NOT TO COPY, REPRODUCE,
MODIFY, CREATE DERIVATIVE WORKS FROM, OR STORE ANY NON-HISTORICAL RATINGS, IN
WHOLE OR IN PART, FROM THIS WEBSITE OR TO DISPLAY, PERFORM, PUBLISH,
DISTRIBUTE, TRANSMIT, BROADCAST OR CIRCULATE ANY NON-HISTORICAL RATINGS TO
ANYONE, OR USE ANY NON-HISTORICAL RATINGS FOR ANY COMMERCIAL PURPOSE, WITHOUT
THE EXPRESS PRIOR WRITTEN CONSENT OF S&P GLOBAL RATINGS. YOU MAY, (A) ON AN
AD HOC BASIS, USE INDIVIDUAL NON-HISTORICAL RATINGS IN THE ORDINARY COURSE OF
SECURITIES DISCLOSURE ACTIVITIES AND THE DRAFTING OF TRANSACTION DOCUMENTS
INTERNALLY WITHIN YOUR ORGANIZATION OR PUBLISH, ON A NON-COMMERCIAL BASIS,
SELECTED INDIVIDUAL NON-HISTORICAL RATINGS, AND (B) ONLY INSOFAR AS YOU ARE
DIRECTLY COMPELLED BY APPLICABLE LAW OR REGULATION: (1) INCLUDE CREDIT
RATINGS WITHIN A REPORT REQUIRED BY THAT LAW OR REGULATION AND (2) DELIVER
SUCH REPORT ONLY TO SUCH REGULATOR, OR AUTHORITY OR GOVERNMENT AGENCY AS IS
IDENTIFIED BY THAT LAW OR REGULATION AND SOLELY INSOFAR AS TO MEET YOUR OWN
OBLIGATIONS UNDER THAT LAW OR REGULATION AND NOT FOR THE BENEFIT OF ANOTHER
PARTY.
NOTWITHSTANDING THE FOREGOING, NON-HISTORICAL RATINGS MAY NOT (I) BE COMPILED
INTO A DATABASE; (II) BE USED OR DISSEMINATED IN A MANNER THAT WOULD SERVE AS
A SUBSTITUTE FOR ANY S&P GLOBAL PRODUCT OR SERVICE FOR WHICH A FEE IS
CHARGED; OR (III) BE SYSTEMATICALLY DISTRIBUTED OR SHARED.
NARRATIVE AND OTHER CONTENT
YOU MAY ALSO, ON AN OCCASIONAL, AD HOC BASIS, REPRODUCE, DISTRIBUTE, DISPLAY
OR TRANSMIT AN INSUBSTANTIAL PORTION OF OTHER NARRATIVE (NON-RATINGS) CONTENT
("NARRATIVE CONTENT"), FOR A NON-COMMERCIAL PURPOSE AND WITHOUT CHARGE, TO A
LIMITED NUMBER OF INDIVIDUALS, PROVIDED YOU INCLUDE ALL COPYRIGHT AND OTHER
PROPRIETARY RIGHTS NOTICES AND THE S&P GLOBAL RATINGS DISCLAIMER WITH SUCH
PORTION OF THE NARRATIVE CONTENT IN THE SAME FORM IN WHICH THE NOTICES AND
DISCLAIMER APPEAR ON THE WEBSITE, THE ORIGINAL SOURCE ATTRIBUTION, AND THE
PHRASE "USED WITH PERMISSION FROM S&P GLOBAL RATINGS." HOWEVER, YOU MAY NOT
POST NARRATIVE CONTENT FROM THIS WEBSITE TO FORUMS, NEWSGROUPS, LIST SERVES,
MAILING LISTS, ELECTRONIC BULLETIN BOARDS, OR OTHER SITES, WITHOUT THE PRIOR
WRITTEN CONSENT OF S&P GLOBAL RATINGS. TO REQUEST CONSENT FOR USES SUCH AS
LINKING TO NARRATIVE CONTENT OR POSTING NARRATIVE CONTENT ON YOUR WEBSITE,
PLEASE CONTACT S&P GLOBAL RATINGS AT RATINGS.REQUEST@SPGLOBAL.COM.
MATERIAL THAT APPEARS ON THIS WEBSITE THAT IS ENTERED BY YOU OR OTHER
AUTHORIZED USERS, OR THAT IS OTHERWISE MADE ACCESSIBLE BY OTHER THAN S&P
GLOBAL RATINGS, IS REFERRED TO AS "OTHER CONTENT." YOU MAY USE OTHER CONTENT
IN ACCORDANCE WITH THE TERMS SET FORTH ABOVE RELATING TO THE USE OF NARRATIVE
CONTENT.
COUNTRY CONDITIONS AND QUALIFIED INSTITUTIONAL INVESTORS
THE TERMS AND CONDITIONS SET FORTH IN THIS SECTION (THE “COUNTRY CONDITIONS”)
ARE THE RESULT OF VARIOUS REGULATORY AND/OR LEGAL REQUIREMENTS RELATING TO
THE USAGE OF THIS WEBSITE INCLUDING ITS CONTENT. YOUR USE OF THIS WEBSITE IN
THE SPECIFIED JURISDICTIONS IS SUBJECT TO THESE COUNTRY CONDITIONS.
AUSTRALIA. TO THE EXTENT THAT S&P’S GLOBAL RATINGS CREDIT RATINGS (THE
“RATINGS”) ARE INCLUDED AS PART OF ANY CONTENT, S&P GLOBAL RATINGS AUSTRALIA
PTY LIMITED (ABN 62 007 324 852), BEING THE HOLDER OF AUSTRALIAN FINANCIAL
SERVICES LICENSE NO. 337565 ISSUED PURSUANT TO THE CORPORATIONS ACT 2001
(CTH) (“SPA”), WHOSE REGISTERED OFFICE IS LOCATED AT LEVEL 45, 120 COLLINS
STREET, MELBOURNE VIC 3000 AUSTRALIA, SHALL PROVIDE SUCH PORTION OF CONTENT
TO YOU AND SPA SHALL LICENSE YOU THE RIGHT TO USE THE INTELLECTUAL PROPERTY
IN SUCH PORTION OF THE CONTENT AND, AS OWNER OF SUCH INTELLECTUAL PROPERTY,
SHALL RECEIVE ANY FEES WITH RESPECT THERETO. SPA EXPRESSLY AGREES TO BE
BOUND BY THE TERMS AND CONDITIONS OF THESE TERMS OF USE TO THE EXTENT IT
APPLIES TO THE PROVISION OF THE RATINGS. YOU ACCEPT AND ACKNOWLEDGE THAT
SPA’S PROVISION OF THE RATINGS TO YOU THROUGH THE WEBSITE IS BASED ON, AND
CONDITIONAL ON, THE VERACITY AND ACCURACY OF YOUR REPRESENTATION THAT YOU ARE
A “WHOLESALE CLIENT” (AS SUCH IS DEFINED IN CHAPTER 7 OF THE CORPORATIONS ACT
OF 2001 (AUSTRALIA)). IN ADDITION, YOU ACKNOWLEDGE THAT RATINGS AND/OR
RELATED RESEARCH LICENSED TO YOU PURSUANT TO THESE TERMS OF USE OR AN
AGREEMENT, AS APPLICABLE, ARE NOT INTENDED FOR, AND SHOULD NOT BE DISTRIBUTED
TO, ANY PERSON OTHER THAN A WHOLESALE CLIENT (TO THE EXTENT SUCH DISTRIBUTION
IS PERMITTED BY AN AGREEMENT). IN FURTHERANCE OF THE FOREGOING, YOU
UNDERTAKE THAT (A) YOU WILL NOT PASS ON ANY RATING AND/OR RELATED RESEARCH TO
A PARTY WHO IS NOT A WHOLESALE CLIENT AND (B) THAT YOU WILL OBTAIN THE SAME
UNDERTAKING FROM YOUR OWN WHOLESALE CLIENTS (TO THE EXTENT SUCH DISTRIBUTION
IS PERMITTED BY AN AGREEMENT). S&P GLOBAL REPRESENTS THAT IT IS AUTHORIZED
TO BIND SPA TO THE TERMS AND CONDITIONS SET FORTH IN THESE TERMS OF USE TO
THE EXTENT SUCH TERMS AND CONDITIONS PERTAIN TO THE PROVISION OF RATINGS.
ALL COUNTRIES LOCATED IN EUROPE, THE MIDDLE EAST OR AFRICA (“EMEA”). IN THE
EVENT YOUR USE OF THE RATINGS IS IN ANY COUNTRY LOCATED IN EMEA, YOU FURTHER
ACKNOWLEDGE AND AGREE TO THE FOLLOWING: THE RATINGS SHALL NOT IN ANY
CIRCUMSTANCES BE USED BY YOU WHERE, AS PART OF AN EFFORT TO SELL SECURITIES
TO RETAIL INVESTORS (AS DEFINED BELOW), YOU USE THE RATINGS: (A) TO CREATE A
TYPE OF RECOMMENDATION, (B) TO CREATE YOUR OWN INTERPRETATION OF THE RATINGS
OR (C) IN SOME OTHER FORM OF “RISK CLASSIFICATION.” FOR THE PURPOSES OF
THESE TERMS OF USE, “RETAIL INVESTOR” SHALL MEAN AN INDIVIDUAL INVESTOR WHO
BUYS AND SELLS SECURITIES OR OTHER FINANCIAL PRODUCTS FOR HIS/HER PERSONAL
ACCOUNT, AND NOT FOR ANOTHER COMPANY, INDIVIDUAL OR ORGANIZATION.
3.2 S&P DOW JONES INDICES. UNLESS OTHERWISE PERMITTED, S&P DOW JONES INDICES
(“SPDJI”) DATA MAY BE USED SOLELY FOR INTERNAL BUSINESS PURPOSES. YOU
UNDERSTAND AND AGREE THAT YOU SHALL NOT: (I) USE THE SPDJI DATA TO CREATE,
ISSUE, MANAGE, SPONSOR OR DEVELOP ANY FINANCIAL PRODUCTS (INCLUDING, WITHOUT
LIMITATION, DERIVATIVES, FUNDS, STRUCTURED PRODUCTS OR CONTRACTS FOR
DIFFERENCE) OR ASSET MANAGEMENT WHERE THE PRICE, RETURN AND/OR PERFORMANCE OF
SUCH PRODUCT IS BASED ON OR INTENDED TO TRACK ANY INDEX PUBLISHED BY SPDJI
INCLUDING, WITHOUT LIMITATION, CUSTOMIZED VERSIONS THEREOF, SUCH AS DIRECT
INDEXING; (II) USE THE SPDJI DATA TO CREATE OR DEVELOP INDICES, A
CLASSIFICATION SYSTEM OR HISTORICAL DATABASES; (III) CREATE ANY DERIVED DATA
BASED ON THE SPDJI DATA, EXCEPT WITH SPDJI’S EXPRESS WRITTEN CONSENT; (OR)
DISCLOSE, DUPLICATE, DISPLAY, REDISTRIBUTE, RESELL OR OTHERWISE CONVEY THE
SPDJI DATA OR ANY PORTION THEREOF INTERNALLY WITHIN YOUR ORGANIZATION EXCEPT
TO OTHER AUTHORIZED END USERS OF THE RELEVANT SPDJI SERVICES OR EXTERNALLY TO
ANY THIRD PARTY.
SPDJI LICENSES ITS INDICES FOR USE WITH FINANCIAL PRODUCTS AND RECEIVES
COMPENSATION IN CONNECTION WITH SUCH LICENSING. SPDJI DOES NOT MAKE ANY
REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE OWNERS OF SUCH
FINANCIAL PRODUCTS OR ANY MEMBER OF THE PUBLIC REGARDING THE ADVISABILITY OF
INVESTING IN SUCH FINANCIAL PRODUCTS OR THE ABILITY OF SPDJI’S INDICES TO
TRACK MARKET PERFORMANCE. SPDJI IS NOT A FIDUCIARY, INVESTMENT ADVISOR,
COMMODITY TRADING ADVISOR, COMMODITY POOL OPERATOR OR A BROKER DEALER.
INCLUSION OF A SECURITY, COMMODITY, CRYPTOCURRENCY OR OTHER ASSET WITHIN AN
INDEX IS NOT A RECOMMENDATION BY SPDJI TO BUY, SELL, OR HOLD SUCH SECURITY,
COMMODITY, CRYPTOCURRENCY OR OTHER ASSET, NOR IS IT CONSIDERED TO BE
INVESTMENT ADVICE OR COMMODITY TRADING ADVICE. THE OPINIONS, OBSERVATIONS,
AND ANALYSIS OF SPDJI INCLUDED WITHIN THIS WEBSITE ARE STATEMENTS OF OPINION
AS OF THE DATE THEY ARE EXPRESSED AND NOT STATEMENTS OF FACT OR
RECOMMENDATIONS TO PURCHASE, HOLD, OR SELL ANY SECURITIES, OTHER ASSETS OR
MAKE ANY INVESTMENT DECISIONS. SPDJI ASSUMES NO OBLIGATION TO UPDATE ANY
CONTENT INCLUDED WITHIN THIS WEBSITE FOLLOWING PUBLICATION. USERS OF THE
WEBSITE SHOULD NOT RELY ON ANY OF THE CONTENT IN MAKING ANY INVESTMENT
DECISION. SPDJI’S OPINIONS, OBSERVATIONS AND ANALYSES DO NOT ADDRESS THE
SUITABILITY OF ANY SECURITY OR OTHER ASSET. WHILE SPDJI HAS OBTAINED
INFORMATION FROM SOURCES IT BELIEVES TO BE RELIABLE, SPDJI DOES NOT PERFORM
AN AUDIT AND UNDERTAKES NO DUTY OF DUE DILIGENCE OR INDEPENDENT VERIFICATION
OF ANY INFORMATION IT RECEIVES.
PERFORMANCE DISCLOSURE/BACK-TESTED DATA. ALL SPDJI INDEX INFORMATION
PRESENTED ON THE WEBSITE PRIOR TO AN INDEX’S LAUNCH DATE IS HYPOTHETICAL
(BACK-TESTED), NOT ACTUAL PERFORMANCE. THE BACK-TEST CALCULATIONS ARE BASED
ON THE SAME METHODOLOGY THAT WAS IN EFFECT ON THE INDEX LAUNCH DATE. HOWEVER,
WHEN CREATING BACK-TESTED HISTORY FOR PERIODS OF MARKET ANOMALIES OR OTHER
PERIODS THAT DO NOT REFLECT THE GENERAL CURRENT MARKET ENVIRONMENT, INDEX
METHODOLOGY RULES MAY BE RELAXED TO CAPTURE A LARGE ENOUGH UNIVERSE OF
SECURITIES TO SIMULATE THE TARGET MARKET THE INDEX IS DESIGNED TO MEASURE OR
STRATEGY THE INDEX IS DESIGNED TO CAPTURE. FOR EXAMPLE, MARKET CAPITALIZATION
AND LIQUIDITY THRESHOLDS MAY BE REDUCED. COMPLETE INDEX METHODOLOGY DETAILS
ARE AVAILABLE AT WWW.SPDJI.COM(OPENS IN A NEW TAB). PAST PERFORMANCE OF THE
INDEX IS NOT AN INDICATION OF FUTURE RESULTS. BACK-TESTED PERFORMANCE
REFLECTS APPLICATION OF AN INDEX METHODOLOGY AND SELECTION OF INDEX
CONSTITUENTS WITH THE BENEFIT OF HINDSIGHT AND KNOWLEDGE OF FACTORS THAT MAY
HAVE POSITIVELY AFFECTED ITS PERFORMANCE, CANNOT ACCOUNT FOR ALL FINANCIAL
RISK THAT MAY AFFECT RESULTS AND MAY BE CONSIDERED TO REFLECT SURVIVOR/LOOK
AHEAD BIAS. ACTUAL RETURNS MAY DIFFER SIGNIFICANTLY FROM, AND BE LOWER THAN,
BACK-TESTED RETURNS. PAST PERFORMANCE IS NOT AN INDICATION OR GUARANTEE OF
FUTURE RESULTS. PLEASE REFER TO THE METHODOLOGY FOR THE INDEX FOR MORE
DETAILS ABOUT THE INDEX, INCLUDING THE MANNER IN WHICH IT IS REBALANCED, THE
TIMING OF SUCH REBALANCING, CRITERIA FOR ADDITIONS AND DELETIONS, AS WELL AS
ALL INDEX CALCULATIONS. BACK-TESTED PERFORMANCE IS FOR USE WITH INSTITUTIONS
ONLY, NOT FOR USE WITH RETAIL INVESTORS.
SPDJI DEFINES VARIOUS DATES TO ASSIST OUR CLIENTS IN PROVIDING TRANSPARENCY.
THE FIRST VALUE DATE IS THE FIRST DAY FOR WHICH THERE IS A CALCULATED VALUE
(EITHER LIVE OR BACK-TESTED) FOR A GIVEN INDEX. THE BASE DATE IS THE DATE AT
WHICH THE INDEX IS SET TO A FIXED VALUE FOR CALCULATION PURPOSES. THE LAUNCH
DATE DESIGNATES THE DATE WHEN THE VALUES OF AN INDEX ARE FIRST CONSIDERED
LIVE: INDEX VALUES PROVIDED FOR ANY DATE OR TIME PERIOD PRIOR TO THE INDEX’S
LAUNCH DATE ARE CONSIDERED BACK-TESTED. SPDJI DEFINES THE LAUNCH DATE AS THE
DATE BY WHICH THE VALUES OF AN INDEX ARE KNOWN TO HAVE BEEN RELEASED TO THE
PUBLIC, FOR EXAMPLE VIA THE COMPANY’S PUBLIC WEBSITE OR ITS DATA FEED TO
EXTERNAL PARTIES. FOR DOW JONES-BRANDED INDICES INTRODUCED PRIOR TO MAY 31,
2013, THE “LAUNCH DATE” (WHICH PRIOR TO MAY 31, 2013, WAS TERMED “DATE OF
INTRODUCTION”) IS SET AT A DATE UPON WHICH NO FURTHER CHANGES WERE PERMITTED
TO BE MADE TO THE INDEX METHODOLOGY, BUT THAT MAY HAVE BEEN PRIOR TO THE
INDEX’S PUBLIC RELEASE DATE.
TYPICALLY, WHEN SPDJI CREATES BACK-TESTED INDEX DATA, SPDJI USES ACTUAL
HISTORICAL CONSTITUENT-LEVEL DATA (E.G., HISTORICAL PRICE, MARKET
CAPITALIZATION, AND CORPORATE ACTION DATA) IN ITS CALCULATIONS. AS ESG
INVESTING IS STILL IN EARLY STAGES OF DEVELOPMENT, CERTAIN DATAPOINTS USED TO
CALCULATE S&P DJI’S ESG INDICES MAY NOT BE AVAILABLE FOR THE ENTIRE DESIRED
PERIOD OF BACK-TESTED HISTORY. THE SAME DATA AVAILABILITY ISSUE COULD BE TRUE
FOR OTHER INDICES AS WELL. IN CASES WHEN ACTUAL DATA IS NOT AVAILABLE FOR ALL
RELEVANT HISTORICAL PERIODS, SPDJI MAY EMPLOY A PROCESS OF USING “BACKWARD
DATA ASSUMPTION” (OR PULLING BACK) OF ESG DATA FOR THE CALCULATION OF
BACK-TESTED HISTORICAL PERFORMANCE. “BACKWARD DATA ASSUMPTION” IS A PROCESS
THAT APPLIES THE EARLIEST ACTUAL LIVE DATA POINT AVAILABLE FOR AN INDEX
CONSTITUENT COMPANY TO ALL PRIOR HISTORICAL INSTANCES IN THE INDEX
PERFORMANCE. FOR EXAMPLE, BACKWARD DATA ASSUMPTION INHERENTLY ASSUMES THAT
COMPANIES CURRENTLY NOT INVOLVED IN A SPECIFIC BUSINESS ACTIVITY (ALSO KNOWN
AS “PRODUCT INVOLVEMENT”) WERE NEVER INVOLVED HISTORICALLY AND SIMILARLY ALSO
ASSUMES THAT COMPANIES CURRENTLY INVOLVED IN A SPECIFIC BUSINESS ACTIVITY
WERE INVOLVED HISTORICALLY TOO. THE BACKWARD DATA ASSUMPTION ALLOWS THE
HYPOTHETICAL BACK-TEST TO BE EXTENDED OVER MORE HISTORICAL YEARS THAN WOULD
BE FEASIBLE USING ONLY ACTUAL DATA. FOR MORE INFORMATION ON “BACKWARD DATA
ASSUMPTION” PLEASE REFER TO THE FAQ. THE METHODOLOGY AND FACTSHEETS OF ANY
INDEX THAT EMPLOYS BACKWARD ASSUMPTION IN THE BACK-TESTED HISTORY WILL
EXPLICITLY STATE SO. THE METHODOLOGY WILL INCLUDE AN APPENDIX WITH A TABLE
SETTING FORTH THE SPECIFIC DATA POINTS AND RELEVANT TIME PERIOD FOR WHICH
BACKWARD PROJECTED DATA WAS USED.
INDEX RETURNS SHOWN DO NOT REPRESENT THE RESULTS OF ACTUAL TRADING OF
INVESTABLE ASSETS/SECURITIES. SPDJI MAINTAINS THE INDEX AND CALCULATES THE
INDEX LEVELS AND PERFORMANCE SHOWN OR DISCUSSED BUT DOES NOT MANAGE ACTUAL
ASSETS. INDEX RETURNS DO NOT REFLECT PAYMENT OF ANY SALES CHARGES OR FEES AN
INVESTOR MAY PAY TO PURCHASE THE SECURITIES UNDERLYING THE INDEX OR
INVESTMENT FUNDS THAT ARE INTENDED TO TRACK THE PERFORMANCE OF THE INDEX. THE
IMPOSITION OF THESE FEES AND CHARGES WOULD CAUSE ACTUAL AND BACK-TESTED
PERFORMANCE OF THE SECURITIES/FUND TO BE LOWER THAN THE INDEX PERFORMANCE
SHOWN. AS A SIMPLE EXAMPLE, IF AN INDEX RETURNED 10% ON A US $100,000
INVESTMENT FOR A 12-MONTH PERIOD (OR US $10,000) AND AN ACTUAL ASSET-BASED
FEE OF 1.5% WAS IMPOSED AT THE END OF THE PERIOD ON THE INVESTMENT PLUS
ACCRUED INTEREST (OR US $1,650), THE NET RETURN WOULD BE 8.35% (OR US $8,350)
FOR THE YEAR. OVER A THREE-YEAR PERIOD, AN ANNUAL 1.5% FEE TAKEN AT YEAR END
WITH AN ASSUMED 10% RETURN PER YEAR WOULD RESULT IN A CUMULATIVE GROSS RETURN
OF 33.10%, A TOTAL FEE OF US $5,375, AND A CUMULATIVE NET RETURN OF 27.2% (OR
US $27,200).
3.3 S&P GLOBAL ESG SCORES. ALL CONTENT CONTAINED IN THIS WEBSITE IS THE
EXCLUSIVE PROPERTY OF S&P GLOBAL, OR THEIR THIRD PARTY LICENSORS AND MAY NOT
BE COPIED OR REPRODUCED IN ANY FORM EXCEPT WITH THE PRIOR WRITTEN PERMISSION
OF S&P GLOBAL. THE CONTENT, INCLUDING THE ESG SCORES AND RELATED MATERIALS
HAVE BEEN PUBLISHED HERE SOLELY FOR INFORMATIONAL PURPOSES BASED UPON
INFORMATION GENERALLY AVAILABLE TO THE PUBLIC AND FROM SOURCES BELIEVED TO BE
RELIABLE. S&P GLOBAL RESERVES THE RIGHT TO CHANGE A COMPANY’S ESG SCORE FROM
TIME TO TIME, IN ACCORDANCE WITH ITS METHODOLOGIES, POLICIES AND PROCEDURES.
UNLESS EXPLICITLY PERMITTED BY S&P GLOBAL IN WRITING, THE CONTENT OR ANY
PORTION THEREOF MAY NOT BE (I) MODIFIED, REVERSE ENGINEERED, REPRODUCED, OR
DISTRIBUTED IN ANY FORM OR BY ANY MEANS, OR STORED IN A DATABASE OR RETRIEVAL
SYSTEM, (II) USED TO CREATE ANY DERIVATIVE WORKS; (III) USED AS THE INPUT
VALUE OR THE CONSTITUENT FOR THE CREATION, STRUCTURING, DEVELOPMENT,
CALCULATION, MAINTENANCE, PUBLICATION, DISTRIBUTION OR ANY OTHER MEANS TO
DERIVE OR ESTABLISH A FINANCIAL INDEX OR INVESTMENT STRATEGY; OR (IV) USED AS
A COMPONENT OF OR AS THE BASIS FOR CORPORATE FINANCING (INCLUDING, WITHOUT
LIMITATION, ESG-LINKED LOANS, CREDIT FACILITIES) OR USED FOR ANY INVESTMENT
PRODUCT OR FINANCIAL INSTRUMENT TO BE DEVELOPED, ISSUED, TRADED, SOLD,
MARKETED AND/OR PROMOTED, INCLUDING, WITHOUT LIMITATION, A SECURITY WHOSE
CAPITAL AND/OR INCOME VALUE IS CALCULATED BASED ON CHANGES IN VALUE OF ANY
INDEX OR ANY INDEXED FUND BASED ON THE CONTENT IN WHOLE OR IN PART OR
PASSIVELY MANAGED FUNDS.
S&P GLOBAL IS COMMITTED TO PROVIDING TRANSPARENCY TO THE MARKET THROUGH
HIGH-QUALITY INDEPENDENT OPINIONS ON SUSTAINABILITY. SAFEGUARDING THE
QUALITY, INDEPENDENCE AND INTEGRITY OF S&P GLOBAL’S ESG SCORES, INCLUDING BY
IDENTIFYING AND MANAGING POTENTIAL CONFLICTS OF INTEREST, IS EMBEDDED IN ITS
CULTURE AND AT THE CORE OF EVERYTHING S&P GLOBAL DOES. S&P GLOBAL KEEPS
CERTAIN ACTIVITIES OF ITS BUSINESS UNITS SEPARATE FROM EACH OTHER IN ORDER TO
PRESERVE THE INDEPENDENCE AND OBJECTIVITY OF THEIR RESPECTIVE ACTIVITIES. AS
A RESULT, CERTAIN BUSINESS UNITS OF S&P GLOBAL MAY HAVE INFORMATION THAT IS
NOT AVAILABLE TO OTHER S&P GLOBAL UNITS. S&P GLOBAL HAS ESTABLISHED POLICIES
AND PROCEDURES TO MAINTAIN THE CONFIDENTIALITY OF CERTAIN NON-PUBLIC
INFORMATION RECEIVED IN CONNECTION WITH EACH ANALYTICAL PROCESS.
3.4 PLATTS LIVE.
PLATTS LIVE IS A IS A VIRTUAL HUB, CREATED TO ENABLE OUR CLIENTS AND MARKET
PARTICIPANTS TO ENGAGE WITH US, AND EACH OTHER IN RELATION TO MARKETS AND
COMMODITY INSIGHTS. PLATTS LIVE ALSO CONTAINS THE MY LIVE FUNCTIONALITY
WHICH ALLOWS USERS TO POST INFORMATION PUBLICLY WHICH CAN BE VIEWED BY, AND
TO COMMUNICATE VIA MESSAGE WITH, OTHER USERS OF PLATTS LIVE. PLATTS LIVE IS
HOSTED BY S&P GLOBAL.
YOUR PLATTS LIVE ACCOUNT
IN ORDER TO ACCESS PLATTS LIVE, YOU MUST REGISTER FOR A USER ACCOUNT. AS PART
OF THE REGISTRATION PROCESS, YOU MUST CREATE A USER ACCOUNT BY SELECTING A
USERNAME AND PASSWORD AND PROVIDING S&P GLOBAL WITH ACCURATE, COMPLETE, AND
CURRENT INFORMATION. YOU MUST KEEP YOUR PASSWORD SAFE AND SECURE. IF YOU KNOW
OR SUSPECT ANYONE OTHER THAN YOU KNOWS YOUR PASSWORD, PLEASE CHANGE YOUR
PASSWORD IMMEDIATELY. IF YOU ARE ACCESSING PLATTS LIVE WITHIN THE SCOPE OF
YOUR EMPLOYMENT, YOU ARE REQUIRED TO REGISTER USING AN EMAIL ADDRESS
CONTAINING YOUR EMPLOYER'S DOMAIN NAME. FAILURE TO DO SO CONSTITUTES A BREACH
OF THESE TERMS OF USE, WHICH MAY RESULT IN IMMEDIATE TERMINATION OF YOUR
ACCESS TO PLATTS LIVE. S&P GLOBAL MAY SUSPEND, INVALIDATE OR TERMINATE ANY
USER ACCOUNT, AT ANY TIME, WHERE S&P GLOBAL HAS REASON TO BELIEVE THAT YOU
HAVE FAILED TO COMPLY WITH ANY OF THE PROVISIONS OF THESE TERMS OF USE.
USER-GENERATED CONTENT IS NOT APPROVED BY S&P
PLATTS LIVE MAY INCLUDE INFORMATION AND MATERIALS UPLOADED BY OTHER USERS OF
PLATTS LIVE, INCLUDING TO SOCIAL MEDIA PAGES, VIDEO-SHARING SITES, BULLETIN
BOARDS AND CHAT ROOMS. THIS INFORMATION AND THESE MATERIALS HAVE NOT BEEN
VERIFIED OR APPROVED BY US. THE VIEWS EXPRESSED BY OTHER USERS ON OUR SITE DO
NOT REPRESENT S&P GLOBAL VIEWS OR VALUES. SEE ALSO THE SECTION ON THIRD PARTY
CONTENT BELOW.
YOUR CONTENT
SUBJECT TO THESE TERMS OF USE AND APPLICABLE LAW, YOU ACKNOWLEDGE AND AGREE
THAT YOU ARE RESPONSIBLE FOR ANY CONTENT YOU POST OR DISTRIBUTE VIA PLATTS
LIVE AND ANY CONSEQUENCES THAT ARISE OUT OF THE POSTING OR DISTRIBUTION OF
SUCH CONTENT. TO THE EXTENT PERMITTED BY APPLICABLE LAW NEITHER S&P GLOBAL
NOR ANY S&P GLOBAL AFFILIATE IS RESPONSIBLE FOR THE CONSEQUENCES OF POSTING
OR DISTRIBUTING ANY PERSONAL OR OTHER INFORMATION VIA PLATTS LIVE. YOUR
CONTENT WILL BE CONSIDERED NON-CONFIDENTIAL AND NON-PROPRIETARY. AS BETWEEN
YOU AND S&P GLOBAL, YOU OWN THE INTELLECTUAL PROPERTY RIGHTS IN YOUR CONTENT
THAT YOU CREATE AND SHARE ON PLATTS LIVE, BUT YOU ARE REQUIRED TO GRANT US A
LIMITED LICENCE TO USE, STORE AND COPY THAT CONTENT AND TO DISTRIBUTE AND
MAKE IT AVAILABLE TO THIRD PARTIES. SUBJECT TO APPLICABLE LAWS, REGULATIONS
AND COURT ORDERS, YOU HAVE THE RIGHT TO REMOVE ANY OF YOUR CONTENT FROM
PLATTS LIVE. TO DO SO, PLEASE CONTACT US OR, TO THE EXTENT THE FUNCTIONALITY
IS AVAILABLE ON PLATTS LIVE, BY DELETING YOUR PROFILE (GO TO THE PROFILE TAB
IN PLATTS LIVE AND CLICK ON ‘UNSUBSCRIBE’), AND/OR BY CLICKING ON ’DELETE’
NEXT TO YOUR POST ON PLATTS LIVE TO DELETE THAT SPECIFIC POST. SUBJECT TO
APPLICABLE LAWS, REGULATIONS AND COURT ORDERS, YOUR REMOVAL OF YOUR CONTENT
FROM PUBLICLY DISPLAYING ON PLATTS LIVE MAY NOT RESULT IN THE DELETION OF ALL
OF YOUR CONTENT FROM PLATTS LIVE’S SYSTEMS OR BACKUP FILES. WE ALSO HAVE THE
RIGHT TO REMOVE YOUR CONTENT IF, IN OUR OPINION, YOUR POST DOES NOT COMPLY
WITH THE ACCEPTABLE USE STANDARDS SET OUT IN THESE TERMS OF USE, AND TO
DISCLOSE YOUR CONTENT TO ANY LEGAL OR REGULATORY AUTHORITY.
ACCEPTABLE USE OF PLATTS LIVE
YOU SHALL NOT UTILIZE PLATTS LIVE TO POST OR DISTRIBUTE ANY CONTENT THAT
CONTAINS EXPLICIT OR GRAPHIC DESCRIPTIONS OR ACCOUNTS OF SEXUAL ACTS OR THAT
IS THREATENING, MISLEADING, DISCRIMINATORY, INACCURATE, UNTRUE, ABUSIVE,
HARASSING, DEFAMATORY, LIBELOUS, DECEPTIVE, RACIST, FRAUDULENT, INVASIVE OF
ANOTHER PERSON'S PRIVACY, INFRINGING, TORTIOUS OR THAT CONTAINS
UNSUBSTANTIATED RUMORS OR MISREPRESENTATIONS. YOU SHALL NOT POST OR
DISTRIBUTE ANY CONTENT VIA PLATTS LIVE UNLESS YOU OWN SUCH CONTENT OR
OTHERWISE HAVE OBTAINED THE RIGHT TO POST OR DISTRIBUTE SUCH CONTENT. YOU
SHALL NOT TRANSMIT JUNK MAIL, CHAIN LETTERS, SPAM OR UNSOLICITED MAILINGS VIA
PLATTS LIVE AND SHALL NOT USE PLATTS LIVE TO TRANSMIT INSTRUCTIONS REGARDING
ILLEGAL ACTIVITIES. YOU MAY NOT INPUT OR DISTRIBUTE ANY MATERIAL THROUGH
PLATTS LIVE THAT IS PROMOTIONAL IN NATURE, INCLUDING SOLICITATIONS FOR FUNDS
OR BUSINESS.
WE ARE NOT RESPONSIBLE FOR THIRD PARTY CONTENT ON PLATTS LIVE
PLATTS LIVE MAY CONTAIN THIRD PARTY CONTENT (AS DEFINED BELOW IN SECTION 16).
S&P GLOBAL HAS NO RESPONSIBILITY OR LIABILITY WITH RESPECT TO THE THIRD PARTY
CONTENT. YOU ACKNOWLEDGE THAT S&P GLOBAL HAS NO RESPONSIBILITY FOR VERIFYING
THE ACCURACY OR TIMELINESS OF ANY THIRD PARTY CONTENT. YOU ACKNOWLEDGE AND
AGREE THAT WHILST S&P GLOBAL OR ANY S&P GLOBAL AFFILIATE MAY MONITOR THE
CONTENT POSTED OR DISTRIBUTED VIA PLATTS LIVE, YOU ARE SOLELY RESPONSIBLE FOR
VERIFYING THE ACCURACY OF ALL THIRD PARTY CONTENT POSTED OR DISTRIBUTED VIA
PLATTS LIVE. IF YOU BECOME AWARE OF ANY VIOLATION OF THESE TERMS OF USE BY A
THIRD PARTY, YOU SHALL PROMPTLY NOTIFY S&P GLOBAL. YOU MAY ALSO, THROUGH
HYPERTEXT OR OTHER COMPUTER LINKS, GAIN ACCESS TO WEBSITES OPERATED BY
PERSONS OTHER THAN S&P GLOBAL. SUCH HYPERLINKS ARE PROVIDED FOR YOUR
REFERENCE AND CONVENIENCE ONLY, AND ARE THE EXCLUSIVE RESPONSIBILITY OF SUCH
WEBSITES' OWNERS. YOU AGREE THAT S&P GLOBAL IS NOT RESPONSIBLE FOR THE
CONTENT OR OPERATION OF SUCH WEBSITES, AND THAT S&P GLOBAL SHALL HAVE NO
LIABILITY TO YOU OR ANY OTHER PERSON OR ENTITY FOR THE USE OF THIRD PARTY
WEBSITES. EXCEPT AS DESCRIBED BELOW, A HYPERLINK FROM PLATTS LIVE TO ANOTHER
WEBSITE DOES NOT IMPLY OR MEAN THAT S&P GLOBAL ENDORSES THE CONTENT ON THAT
WEBSITE OR THE OPERATOR OR OPERATIONS OF THAT SITE. YOU SOLELY ARE
RESPONSIBLE FOR DETERMINING THE EXTENT TO WHICH YOU MAY USE ANY CONTENT AT
ANY OTHER WEBSITES TO WHICH YOU LINK FROM PLATTS LIVE.
HOW TO COMPLAIN ABOUT OR REPORT CONTENT
S&P GLOBAL ENCOURAGES YOU TO REPORT ANY CONTENT (INCLUDING ANY THIRD PARTY
CONTENT) THAT IS ILLEGAL OR VIOLATES ANY OF THE TERMS OF THESE TERMS OF USE
BY EMAIL TO SPGCILEGALNOTICES@SPGLOBAL.COM .
EVENTS ON PLATTS LIVE
WHERE ONLINE EVENTS ARE ACCESSED BY YOU THROUGH PLATTS LIVE, SUCH ONLINE
EVENTS ARE HOSTED BY A THIRD PARTY VENDOR, ON24. S&P GLOBAL RETAINS NO
RESPONSIBILITY OR LIABILITY TO YOU OR ANY THIRD PARTY FOR THE AVAILABILITY OF
ANY ONLINE EVENT, NOR DOES IT HAVE ANY RESPONSIBILITY OR LIABILITY TO YOU OR
ANY THIRD PARTY FOR THE SECURITY OF ANY ONLINE EVENT. WHERE YOU REGISTER FOR
AN EVENT THAT IS BEING STREAMED THROUGH PLATTS LIVE, VIA ON24, YOU WILL
ADDITIONALLY BE REQUIRED TO REGISTER FOR A PLATTS LIVE ACCOUNT (IF YOU HAVE
NOT ALREADY DONE SO) IN ORDER TO ATTEND THE EVENT. DURING SUCH AN EVENT, YOU
UNDERSTAND THAT PLATTS LIVE MAY BE USED FOR NETWORKING AMONG THE EVENT
ATTENDEES AND THE FACT OF YOUR ATTENDANCE MAY BE RECORDED, AND THE RECORDING
OF THE EVENT MAY BE PUBLISHED ON PLATTS LIVE AFTER THE EVENT. FOR THE
AVOIDANCE OF DOUBT, ALL REGISTERED MEMBERS OF PLATTS LIVE, WHETHER THEY
ATTENDED THE EVENT OR NOT, ARE ABLE TO SIMILARLY NETWORK AFTER THE EVENT AND
YOU MAY BE CONTACTED BY ANY MEMBER OF PLATTS LIVE VIA PLATTS LIVE. YOU ARE
ABLE TO DELETE YOUR PLATTS LIVE ACCOUNT AFTER THE EVENT. HOWEVER, DELETION OF
YOUR PLATTS LIVE ACCOUNT WILL NOT REMOVE ANY RECORD OF THE FACT OF YOUR
ATTENDANCE AT THE EVENT.
YOUR PERSONAL DATA
WE PROCESS YOUR PERSONAL DATA IN CONNECTION WITH PLATTS LIVE IN ACCORDANCE
WITH OUR S&P GLOBAL PRIVACY POLICY. YOUR ATTENTION IS SPECIFICALLY DRAWN TO
THE PLATTS LIVE PRIVACY STATEMENT SECTION.
3.5 CUSIP. THE CUSIP INFORMATION MADE AVAILABLE ON THIS WEBSITE (THE "CUSIP
DATABASE") CONSISTS OF SECURITY IDENTIFIERS AND RELATED DESCRIPTIVE
INFORMATION AND IS PROTECTED UNDER COPYRIGHT LAWS AND IS LICENSED WITH
PERMISSION FROM CUSIP GLOBAL SERVICES ("CGS"), ON BEHALF OF THE AMERICAN
BANKERS ASSOCIATION ("ABA").
USER AGREES AND ACKNOWLEDGES THAT THE CUSIP DATABASE AND THE INFORMATION
CONTAINED THEREIN IS AND SHALL REMAIN VALUABLE INTELLECTUAL PROPERTY OWNED
BY, OR LICENSED TO, CGS AND THE ABA, AND THAT NO PROPRIETARY RIGHTS ARE BEING
TRANSFERRED TO USER IN SUCH MATERIALS OR IN ANY OF THE INFORMATION CONTAINED
THEREIN.
USER AGREES THAT USER 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. ANY USE BY USER OUTSIDE OF THE CLEARING
AND SETTLEMENT OF TRANSACTIONS MAY REQUIRE A LICENSE FROM CGS, AND A POSSIBLE
FEE. USER AGREES THAT MISAPPROPRIATION OR MISUSE OF SUCH MATERIALS WILL CAUSE
SERIOUS DAMAGE TO CGS AND ABA, AND THAT IN SUCH EVENT MONEY DAMAGES MAY NOT
CONSTITUTE SUFFICIENT COMPENSATION TO CGS AND ABA; CONSEQUENTLY, USER AGREES
THAT IN THE EVENT OF ANY MISAPPROPRIATION OR MISUSE, CGS AND ABA SHALL HAVE
THE RIGHT TO OBTAIN INJUNCTIVE RELIEF IN ADDITION TO ANY OTHER LEGAL OR
FINANCIAL REMEDIES TO WHICH CGS AND ABA MAY BE ENTITLED.
USER 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 (EVEN IF
IN CONNECTION WITH THE CLEARING AND SETTLEMENT OF TRANSACTIONS) AND IS NOT
INTENDED TO CREATE AND DOES NOT SERVE IN ANY WAY AS A SUBSTITUTE FOR THE
CUSIP MASTER FILE, DB, INTERNET, ELECTRONIC SERVICES AND/OR ANY OTHER FUTURE
SERVICES DEVELOPED BY CGS .
4. MODIFICATION OF WEBSITE AND CONTENT
THIS WEBSITE AND CONTENT ARE SUBJECT TO MODIFICATION BY S&P GLOBAL TO REFLECT
STATISTICAL, TECHNICAL, ADMINISTRATIVE, MARKET BASED OR SIMILAR CHANGES THAT
S&P GLOBAL DETERMINES IN GOOD FAITH ARE REQUIRED OR DESIRABLE. S&P GLOBAL
ALSO MAY MAKE CHANGES TO ANY CONTENT OFFERED ON THIS WEBSITE, OR TO THE
APPLICABLE PRICES FOR SUCH CONTENT, AT ANY TIME, WITHOUT NOTICE.
5. NO ADVICE
ANY CONTENT RELATING TO FINANCIAL INFORMATION IS INTENDED ONLY FOR
PROFESSIONALS IN THE FINANCIAL MARKETS AND IS NOT, AND SHOULD NOT BE
CONSTRUED AS FINANCIAL, LEGAL OR OTHER ADVICE OF ANY KIND, NOR SHOULD IT BE
REGARDED AS AN OFFER OR AS A SOLICITATION OF AN OFFER TO BUY, SELL OR
OTHERWISE DEAL IN ANY INVESTMENT. YOU MAY NOT USE THE CONTENT IN, OR GENERATE
BASED ON THE CONTENT, ANY ADVICE, RECOMMENDATIONS, GUIDANCE, PUBLICATIONS OR
ALERTS MADE AVAILABLE TO YOUR CLIENTS OR OTHER THIRD PARTIES. NOTHING IN THE
CONTENT CONSTITUTES A SOLICITATION BY S&P GLOBAL OF THE PURCHASE OR SALE OF
LOANS, SECURITIES OR ANY INVESTMENT.
A REFERENCE TO A PARTICULAR INVESTMENT, SECURITY, RATING OR ANY OBSERVATION
CONCERNING A SECURITY OR INVESTMENT PROVIDED IN THE S&P GLOBAL INFORMATION IS
NOT A RECOMMENDATION TO BUY, SELL OR HOLD SUCH INVESTMENT OR SECURITY OR MAKE
ANY OTHER INVESTMENT DECISIONS AND DOES NOT ADDRESS THE SUITABILITY OF ANY
INVESTMENT OR SECURITY. NO USER OF THE S&P GLOBAL INFORMATION SHOULD RELY ON
ANY INDEX, BENCHMARK, PRICE ASSESSMENT, OBSERVATION, OPINION OR OTHER
INFORMATION CONTAINED IN THE S&P GLOBAL INFORMATION IN MAKING ANY INVESTMENT
OR OTHER DECISION. THE S&P GLOBAL INFORMATION IS NOT A SUBSTITUTE FOR THE
SKILL, JUDGMENT AND EXPERIENCE OF SUBSCRIBER, ITS MANAGEMENT, EMPLOYEES,
ADVISORS AND/OR CLIENTS IN MAKING INVESTMENT AND OTHER BUSINESS DECISIONS.
6. DELIVERY AND SECURITY
YOU SHALL SOLELY BE RESPONSIBLE FOR ANY AND ALL NECESSARY EQUIPMENT AND
CONNECTIONS FROM YOUR OWN COMPUTER SYSTEMS TO THE S&P GLOBAL SYSTEMS THAT
WILL ALLOW FOR ACCESS TO THIS WEBSITE AND DELIVERY OF THE CONTENT. S&P GLOBAL
SHALL HAVE NO RESPONSIBILITY FOR ANY SUCH EQUIPMENT OR CONNECTIONS. YOU SHALL
ENSURE THAT YOU HAVE IMPLEMENTED SECURITY SYSTEMS AND PROCEDURES TO PREVENT
THE UNAUTHORIZED ACCESS TO OR MISUSE OR DISRUPTION OF THIS WEBSITE OR
CONTENT.
7. INTELLECTUAL PROPERTY
THE OWNERSHIP AND INTELLECTUAL PROPERTY RIGHTS OF THIS WEBSITE INCLUDING ALL
CONTENT, MODELS, SOFTWARE, INFORMATION, DATA, DOCUMENTATION, COMPUTER
PROGRAMS, SYSTEMS, CUSTOMIZATIONS, ENHANCEMENTS THERETO, AND THE DESIGN,
STRUCTURE, SELECTION, COORDINATION, EXPRESSION "LOOK AND FEEL" AND
ARRANGEMENT OF THE CONTENT, AND ENHANCEMENTS, MODIFICATIONS OR ADDITIONAL
CONTENT THERETO SHALL BE THE SOLE AND EXCLUSIVE PROPERTY OF S&P GLOBAL (OR
THE RELEVANT AFFILIATE OF S&P GLOBAL OR DATA PROVIDER (AS DEFINED BELOW), AS
THE CASE MAY BE) AND YOU SHALL NOT: (I) COPY SUCH MATERIAL FOR ANY PURPOSE
(INCLUDING BY REVERSE ENGINEERING) OR DISCLOSE IT TO ANY THIRD PARTY FOR ANY
PURPOSE WHATSOEVER; (II) BY ACT OR OMISSION INFRINGE UPON S&P GLOBAL'S
INTELLECTUAL PROPERTY RIGHTS IN THIS WEBSITE OR CONTENT. YOU ACKNOWLEDGE THAT
THIS WEBSITE, WAS DEVELOPED, COMPILED, PREPARED, REVISED, SELECTED AND
ARRANGED BY S&P GLOBAL AND OTHERS (INCLUDING CERTAIN THIRD PARTY INFORMATION
SOURCES (EACH A "DATA PROVIDER")) THROUGH THE APPLICATION OF METHODS AND
STANDARDS OF JUDGMENT DEVELOPED AND APPLIED THROUGH THE EXPENDITURE OF
SUBSTANTIAL TIME, EFFORT AND MONEY, AND CONSTITUTE VALUABLE INTELLECTUAL
PROPERTY AND TRADE SECRETS OF S&P GLOBAL OR SUCH RELEVANT DATA PROVIDER.
YOU HEREBY AGREE TO USE COMMERCIALLY REASONABLE EFFORTS TO PROTECT THE
PROPRIETARY RIGHTS OF S&P GLOBAL OR THE RELEVANT DATA PROVIDER IN THIS
WEBSITE AND CONTENT. YOU IRREVOCABLY AGREE AND ACKNOWLEDGE THAT, AS BETWEEN
YOU AND S&P GLOBAL, THIS WEBSITE AND CONTENT, AS MAY BE AMENDED FROM TIME TO
TIME, IS THE SOLE AND EXCLUSIVE PROPERTY OF S&P GLOBAL, AND SHALL NOT BE
CONSIDERED WORKS FOR HIRE. YOU SHALL HONOR AND COMPLY WITH ALL REASONABLE
WRITTEN REQUESTS MADE BY S&P GLOBAL TO PROTECT ITS CONTRACTUAL, STATUTORY AND
COMMON LAW RIGHTS IN THIS WEBSITE AND CONTENT. YOU AGREE TO NOTIFY S&P GLOBAL
IN WRITING PROMPTLY UPON BECOMING AWARE OF ANY UNAUTHORIZED USE OF THIS
WEBSITE OR CONTENT OR ANY CLAIM THAT ANY OR ALL OF THIS WEBSITE OR CONTENT
INFRINGES UPON OR CONSTITUTES ANY UNLAWFUL USE OF ANY COPYRIGHT, DATABASE
RIGHT, TRADEMARK, OR OTHER PROPRIETARY, INTELLECTUAL PROPERTY, CONTRACTUAL,
STATUTORY OR COMMON LAW RIGHTS OF A THIRD PARTY.
TRADEMARKS. YOU SHALL NOT USE ANY OF S&P GLOBAL'S TRADEMARKS, TRADE NAMES OR
SERVICE MARKS IN ANY MANNER, AND IN NO EVENT IN A MANNER ACCESSIBLE BY OR
AVAILABLE TO ANY THIRD PARTY. YOU ACKNOWLEDGE THAT YOU HAVE NO OWNERSHIP OR
LICENSE RIGHTS IN OR TO ANY OF THESE NAMES OR MARKS.
COPYRIGHT. THIS WEBSITE AND CONTENT IS PROTECTED AS A COLLECTIVE WORK OR
COMPILATION UNDER UK COPYRIGHT, U.S. COPYRIGHT AND OTHER LAWS AND TREATIES.
ALL DATA, INFORMATION, ARTICLES, COLUMNS AND OTHER ELEMENTS MAKING UP THE
CONTENT ARE COPYRIGHTED WORKS AND S&P GLOBAL HEREBY RESERVES ALL RIGHTS.
COPYRIGHT INFRINGEMENT CLAIMS. WE RESPECT THE INTELLECTUAL PROPERTY RIGHTS OF
OTHERS, AND REQUIRE THAT THE PEOPLE WHO USE THIS WEBSITE DO THE SAME. IF YOU
BELIEVE THAT YOUR WORK HAS BEEN COPIED IN A WAY THAT CONSTITUTES COPYRIGHT
INFRINGEMENT, PLEASE FORWARD THE FOLLOWING INFORMATION TO S&P GLOBAL'S
COPYRIGHT AGENT, DESIGNATED AS SUCH PURSUANT TO THE DIGITAL MILLENNIUM
COPYRIGHT ACT, 17 U.S.C. § 512(C)(2) (THE "DMCA"), NAMED BELOW:
* YOUR ADDRESS, TELEPHONE NUMBER, AND EMAIL ADDRESS;
* A DESCRIPTION OF THE COPYRIGHTED WORK THAT YOU CLAIM HAS BEEN INFRINGED;
* A DESCRIPTION OF WHERE THE ALLEGED INFRINGING MATERIAL IS LOCATED;
* A STATEMENT BY YOU THAT YOU HAVE A GOOD FAITH BELIEF THAT THE DISPUTED USE
IS NOT AUTHORIZED BY THE COPYRIGHT OWNER, ITS AGENT, OR THE LAW;
* AN ELECTRONIC OR PHYSICAL SIGNATURE OF THE PERSON AUTHORIZED TO ACT ON
BEHALF OF THE OWNER OF THE COPYRIGHT INTEREST; AND
* A STATEMENT BY YOU, MADE UNDER PENALTY OF PERJURY, THAT THE ABOVE
INFORMATION IN YOUR NOTICE IS ACCURATE AND THAT YOU ARE THE COPYRIGHT
OWNER OR AUTHORIZED TO ACT ON THE COPYRIGHT OWNER'S BEHALF.
COPYRIGHT AGENT:
S&P GLOBAL
55 WATER STREET
NEW YORK, NY 10041, U.S.A.
ATTENTION: LEGAL DEPARTMENT
LEGAL@SPGLOBAL.COM
8. PRIVACY POLICY
FOR INFORMATION RELATED TO HOW S&P GLOBAL PROCESSES PERSONAL INFORMATION OR
USES COOKIES AND SIMILAR TECHNOLOGIES, PLEASE VISIT OUR PRIVACY
POLICY AND COOKIE NOTICE PAGES.
9. LINKS TO THIRD PARTY WEBSITES
THIS WEBSITE MAY CONTAIN LINKS TO WEBSITES OF THIRD PARTIES. THESE LINKS ARE
PROVIDED TO YOU AS A CONVENIENCE, AND S&P GLOBAL IS NOT RESPONSIBLE FOR THE
CONTENT OF ANY LINKED WEBSITE. IN ADDITION, A LINK TO ANY NON-S&P GLOBAL
WEBSITE DOES NOT IMPLY THAT S&P GLOBAL ENDORSES OR ACCEPTS ANY RESPONSIBILITY
FOR THE CONTENT OR USE OF SUCH A WEBSITE.
10. OTHER S&P GLOBAL SERVICES
S&P GLOBAL MAY PROVIDE YOU WITH ACCESS TO S&P GLOBAL SERVICES THROUGH LINKS
AND/OR DEDICATED FRAMES (COLLECTIVELY, "OTHER S&P GLOBAL SERVICES") FROM THIS
WEBSITE. FOR EXAMPLE, YOU MAY HAVE ACCESS TO A TOOLBAR PROVIDED BY OUR MARKIT
HUB SERVICE THAT ALLOWS YOU, AMONGST OTHER THINGS, TO NAVIGATE DATA AND
CONTENT ON BOTH S&P GLOBAL AND THIRD PARTY WEBSITES.
YOUR USE OF OTHER S&P GLOBAL SERVICES SHALL BE GOVERNED BY ANY APPLICABLE
TERMS OF USE AND PRIVACY POLICIES. WE RECOMMEND YOU REVIEW THOSE BEFORE USING
OTHER S&P GLOBAL SERVICES.
11. LOG-IN
YOU ACKNOWLEDGE THAT LOG-ON ACCESS CODES AND PASSWORDS THAT ARE PROVIDED TO
YOU ARE FOR YOUR USE ONLY AND MAY NOT BE SHARED. YOU SHALL ENSURE THAT YOUR
LOG-ON ACCESS CODE AND PASSWORD IS KEPT CONFIDENTIAL. YOU AGREE TO ACCEPT
SOLE RESPONSIBILITY FOR THE USE AND PROTECTION OF THE LOG-ON ACCESS CODES AND
PASSWORDS PROVIDED TO YOU, INCLUDING PROTECTING THE CONFIDENTIALITY OF SUCH
PASSWORDS. YOU SHALL USE COMMERCIALLY REASONABLE EFFORTS TO PROHIBIT OR CEASE
ANY UNAUTHORIZED ACCESS TO THIS WEBSITE OR CONTENT.
12. DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY
THIS WEBSITE AND CONTENT PROVIDED TO YOU BY S&P GLOBAL SHALL BE ON "AS IS"
BASIS. NEITHER S&P GLOBAL, ITS AFFILIATES NOR ANY DATA PROVIDER MAKE ANY
WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS OR COMPLETENESS
OF THIS WEBSITE OR CONTENT OR AS TO THE RESULTS TO BE ATTAINED BY YOU OR
OTHERS FROM THE USE OF THE CONTENT. YOU HEREBY ACKNOWLEDGE THAT THERE ARE NO
EXPRESS OR IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE OR USE, AND THAT IT HAS NOT RELIED UPON ANY WARRANTY,
GUARANTY OR REPRESENTATION MADE BY S&P GLOBAL, ITS AFFILIATES OR ANY DATA
PROVIDER, EXCEPT THE REPRESENTATIONS MADE BY S&P GLOBAL SPECIFICALLY SET
FORTH IN THIS TERMS OF USE.
NO LIABILITY. NEITHER S&P GLOBAL, ITS AFFILIATES NOR ANY DATA PROVIDER SHALL
IN ANY WAY BE LIABLE TO YOU OR ANY CLIENT OF YOU FOR ANY INACCURACIES, ERRORS
OR OMISSIONS, REGARDLESS OF CAUSE, IN THE CONTENT PROVIDED HEREUNDER OR FOR
ANY DAMAGES (WHETHER DIRECT OR INDIRECT) RESULTING THEREFROM. WITHOUT
LIMITING THE FOREGOING, S&P GLOBAL SHALL HAVE NO LIABILITY WHATSOEVER TO YOU,
WHETHER IN CONTRACT (INCLUDING UNDER AN INDEMNITY), IN TORT (INCLUDING
NEGLIGENCE), UNDER A WARRANTY, UNDER STATUTE OR OTHERWISE, IN RESPECT OF ANY
LOSS OR DAMAGE SUFFERED BY YOU AS A RESULT OF OR IN CONNECTION WITH ANY
OPINIONS, RECOMMENDATIONS, FORECASTS, JUDGMENTS, OR ANY OTHER CONCLUSIONS, OR
ANY COURSE OF ACTION DETERMINED, BY YOU OR ANY CLIENT OF YOU, WHETHER OR NOT
BASED ON THIS WEBSITE OR CONTENT.
TO THE FULLEST EXTENT PERMITTED BY LAW, UNDER NO CIRCUMSTANCES WILL S&P
GLOBAL, ITS AFFILIATES OR ANY DATA PROVIDER HAVE ANY LIABILITY TO YOU OR ANY
THIRD PARTY ACCESSING THIS WEBSITE AND/ OR THE CONTENT THROUGH YOU, ARISING
FROM CONTRACT (INCLUDING UNDER ANY INDEMNITY), IN TORT (INCLUDING
NEGLIGENCE), UNDER ANY WARRANTY (EXPRESS OR IMPLIED) UNDER STATUTE OR
OTHERWISE, IN EACH CASE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL,
SPECIAL, PUNITIVE, OR EXEMPLARY DAMAGES WITH RESPECT TO THE SUBJECT MATTER OF
THE TERMS OF USE, THE CONTENT AND / OR THIS WEBSITE, INCLUDING, BUT NOT
LIMITED TO, IN RESPECT OF ANY LOSS OF PROFITS, LOSS OF REVENUE, LOST
BUSINESS, LOSS OF OPPORTUNITY REGARDLESS OF WHETHER SUCH DAMAGES COULD HAVE
BEEN FORESEEN OR PREVENTED OR ADVISED TO S&P GLOBAL. THE CONTENT CONTAINS
CERTAIN STATEMENTS, ESTIMATES AND FINANCIAL AND OPERATING INFORMATION
("ESTIMATES") THAT CONSTITUTE FORWARD-LOOKING STATEMENTS OR INFORMATION.
FORWARD-LOOKING STATEMENTS OR INFORMATION MAY BE IDENTIFIED BY USING THE
WORDS "TARGETS", "BELIEVES", "ESTIMATES", "EXPECTS", "AIMS", "INTENDS",
"WILL", "CAN", "MAY", "ANTICIPATES", "WOULD", "SHOULD", "COULD" AND SIMILAR
EXPRESSIONS IN SUCH STATEMENTS OR THE NEGATIVE THEREOF. THESE FORWARD-LOOKING
STATEMENTS OR INFORMATION INVOLVE KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES
THAT COULD CAUSE ACTUAL OUTCOMES AND RESULTS TO BE MATERIALLY DIFFERENT FROM
THE ESTIMATES OR RESULTS IMPLIED OR EXPRESSED IN SUCH FORWARD-LOOKING
STATEMENTS. WHILE IN SOME CASES PRESENTED WITH NUMERICAL SPECIFICITY, THE
ESTIMATES ARE BASED UPON (I) CERTAIN ASSUMPTIONS THAT ARE INHERENTLY SUBJECT
TO SIGNIFICANT BUSINESS, ECONOMIC, REGULATORY, ENVIRONMENTAL, SEASONAL,
COMPETITIVE UNCERTAINTIES, CONTINGENCIES AND RISKS AND (II) ASSUMPTIONS WITH
RESPECT TO FUTURE BUSINESS DECISIONS THAT ARE SUBJECT TO CHANGE. FOR MORE
INFORMATION CONCERNING THE RISKS S&P GLOBAL FACES, VISITORS TO THIS WEBSITE
SHOULD REFER TO THE "RISK FACTORS" CONTAINED IN S&P GLOBAL’S FILINGS WITH THE
UNITED STATES SECURITIES AND EXCHANGE COMMISSION.
THERE CAN BE NO ASSURANCE THAT THE ESTIMATES OR THE UNDERLYING ASSUMPTIONS
WILL BE REALIZED AND THAT ACTUAL RESULTS OF OPERATIONS OR FUTURE EVENTS WILL
NOT BE MATERIALLY DIFFERENT FROM THE ESTIMATES. UNDER NO CIRCUMSTANCES SHOULD
THE INCLUSION OF THE ESTIMATES BE REGARDED AS A REPRESENTATION, UNDERTAKING,
WARRANTY OR PREDICTION BY S&P GLOBAL, OR ANY OTHER PERSON WITH RESPECT TO THE
ACCURACY THEREOF OR THE ACCURACY OF THE UNDERLYING ASSUMPTIONS, OR THAT S&P
GLOBAL WILL ACHIEVE OR IS LIKELY TO ACHIEVE ANY PARTICULAR RESULTS. S&P
GLOBAL DISCLAIMS ANY INTENT OR OBLIGATION TO UPDATE PUBLICLY OR TO REVISE ANY
OF THE ESTIMATES, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR
OTHERWISE, EXCEPT AS REQUIRED BY LAW. VISITORS TO THIS WEBSITE ARE CAUTIONED
THAT FORWARD-LOOKING STATEMENTS OR INFORMATION ARE NOT GUARANTEES OF FUTURE
PERFORMANCE AND, ACCORDINGLY, VISITORS ARE EXPRESSLY CAUTIONED NOT TO PUT
UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS OR INFORMATION DUE TO THE
INHERENT UNCERTAINTY THEREIN. EXCEPT AS REQUIRED BY LAW, S&P GLOBAL
UNDERTAKES NO OBLIGATION TO PUBLICLY RELEASE ANY UPDATE OR REVISIONS TO THESE
FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THEIR
TIME OF PUBLICATION.
S&P GLOBAL RATINGS’ CREDIT RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE
BY RETAIL INVESTORS AND IT WOULD BE RECKLESS FOR RETAIL INVESTORS TO CONSIDER
S&P GLOBAL RATINGS OR PUBLICATIONS IN MAKING ANY INVESTMENT DECISION. IF IN
DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER.
THE RATINGS AND CREDIT RELATED ANALYSES OF S&P GLOBAL RATINGS AND ITS
AFFILIATES AND THE OBSERVATIONS CONTAINED IN REPORTS AND ARTICLES PUBLISHED
ON THIS WEBSITE ARE STATEMENTS OF OPINION AS OF THE DATE THEY ARE EXPRESSED
AND NOT STATEMENTS OF FACT OR RECOMMENDATIONS TO PURCHASE, HOLD, OR SELL ANY
SECURITIES OR MAKE ANY INVESTMENT DECISIONS. S&P GLOBAL RATINGS ASSUMES NO
OBLIGATION TO UPDATE ANY INFORMATION FOLLOWING PUBLICATION. USERS OF THE
INFORMATION PROVIDED THROUGH THIS WEBSITE SHOULD NOT RELY ON ANY OF IT IN
MAKING ANY INVESTMENT DECISION. S&P GLOBAL RATINGS’ OPINIONS AND ANALYSES DO
NOT ADDRESS THE SUITABILITY OF ANY SECURITY. S&P GLOBAL RATINGS DOES NOT ACT
AS A FIDUCIARY OR AN INVESTMENT ADVISOR. WHILE S&P GLOBAL RATINGS HAS
OBTAINED INFORMATION FROM SOURCES IT BELIEVES TO BE RELIABLE, S&P GLOBAL
RATINGS DOES NOT PERFORM AN AUDIT AND UNDERTAKES NO DUTY OF DUE DILIGENCE OR
INDEPENDENT VERIFICATION OF ANY INFORMATION IT RECEIVES. S&P GLOBAL RATINGS
KEEPS CERTAIN ACTIVITIES OF ITS BUSINESS UNITS SEPARATE FROM EACH OTHER IN
ORDER TO PRESERVE THE INDEPENDENCE AND OBJECTIVITY OF EACH OF THESE
ACTIVITIES. AS A RESULT, CERTAIN BUSINESS UNITS OF S&P GLOBAL RATINGS MAY
HAVE INFORMATION THAT IS NOT AVAILABLE TO OTHER S&P GLOBAL BUSINESS UNITS.
S&P GLOBAL RATINGS HAS ESTABLISHED POLICIES AND PROCEDURES TO MAINTAIN THE
CONFIDENTIALITY OF CERTAIN NON-PUBLIC INFORMATION RECEIVED IN CONNECTION WITH
EACH ANALYTICAL PROCESS.
THE S&P GLOBAL RATINGS BUSINESS MAY RECEIVE COMPENSATION FOR ASSIGNING CREDIT
RATINGS OR ENGAGING IN OTHER ANALYTICAL ACTIVITIES NORMALLY FROM ISSUERS OF
THE SECURITIES OR THIRD PARTIES PARTICIPATING IN MARKETING THE SECURITIES.
S&P GLOBAL RATINGS RESERVES THE RIGHT TO DISSEMINATE ITS OPINIONS AND
ANALYSES. S&P GLOBAL RATINGS’ PUBLIC RATINGS AND ANALYSES ARE MADE AVAILABLE
ON ITS SITES, WWW.SPGLOBAL.COM/RATINGS (FREE OF CHARGE) AND WWW.CAPITALIQ.COM
(SUBSCRIPTION), AND MAY BE DISTRIBUTED THROUGH OTHER MEANS, INCLUDING VIA S&P
GLOBAL PUBLICATIONS AND THIRD PARTY REDISTRIBUTORS.
13. INDEMNIFICATION
YOU WILL INDEMNIFY, DEFEND AND HOLD HARMLESS S&P GLOBAL AND ITS AFFILIATES,
DIRECTORS, OFFICERS, AGENTS, EMPLOYEES, SUCCESSORS, ASSIGNS AND ALL DATA
PROVIDERS, AND EACH OF THEIR AFFILIATES, DIRECTORS, OFFICERS, AGENTS,
EMPLOYEES, MEMBERS, PARTNERS, SUCCESSORS AND ASSIGNS ("S&P GLOBAL
INDEMNITEES") FROM AND AGAINST ANY AND ALL LOSSES, LIABILITIES, DAMAGES,
COSTS (INCLUDING REASONABLE ATTORNEYS' FEES) AND EXPENSES ARISING AS A RESULT
OF ANY CLAIMS, SUITS OR PROCEEDINGS (COLLECTIVELY, "CLAIMS") BROUGHT BY ANY
THIRD PARTY AGAINST ANY S&P GLOBAL INDEMNITEES ARISING FROM YOUR USE OF THIS
WEBSITE AND/OR CONTENT.
14. VIOLATION OF THESE TERMS OF USE
YOU AGREE THAT S&P GLOBAL MAY, IN ITS SOLE DISCRETION AND WITHOUT PRIOR
NOTICE, TERMINATE YOUR ACCESS TO THIS WEBSITE OR CERTAIN CONTENT AND/OR BLOCK
YOUR FUTURE ACCESS TO THIS WEBSITE OR CERTAIN CONTENT IF S&P GLOBAL
DETERMINES THAT YOU HAVE VIOLATED THESE TERMS OF USE OR OTHER AGREEMENTS OR
GUIDELINES WHICH MAY BE ASSOCIATED WITH YOUR USE OF THIS WEBSITE. YOU ALSO
AGREE THAT ANY VIOLATION BY YOU OF THESE TERMS OF USE WILL CONSTITUTE AN
UNLAWFUL AND UNFAIR BUSINESS PRACTICE, AND WILL CAUSE IRREPARABLE HARM TO S&P
GLOBAL, FOR WHICH MONETARY DAMAGES WOULD BE INADEQUATE, AND YOU CONSENT TO
S&P GLOBAL OBTAINING ANY INJUNCTIVE OR EQUITABLE RELIEF THAT S&P GLOBAL DEEMS
NECESSARY OR APPROPRIATE IN SUCH CIRCUMSTANCES. THESE REMEDIES ARE IN
ADDITION TO ANY OTHER REMEDIES S&P GLOBAL MAY HAVE AT LAW OR IN EQUITY.
YOU AGREE THAT S&P GLOBAL MAY, IN ITS SOLE DISCRETION AND WITHOUT PRIOR
NOTICE, TERMINATE YOUR ACCESS TO THIS WEBSITE, FOR CAUSE, WHICH INCLUDES (BUT
IS NOT LIMITED TO): (I) REQUESTS BY LAW ENFORCEMENT OR OTHER GOVERNMENT
AGENCIES, (II) A REQUEST BY YOU (SELF-INITIATED ACCOUNT DELETIONS), (III)
DISCONTINUANCE OR MATERIAL MODIFICATION OF THIS WEBSITE OR ANY SERVICE
OFFERED ON OR THROUGH THIS WEBSITE, OR (IV) UNEXPECTED TECHNICAL ISSUES OR
PROBLEMS.
IF S&P GLOBAL DOES TAKE ANY LEGAL ACTION AGAINST YOU AS A RESULT OF YOUR
VIOLATION OF THESE TERMS OF USE, S&P GLOBAL WILL BE ENTITLED TO RECOVER FROM
YOU, AND YOU AGREE TO PAY, ALL REASONABLE LEGAL COSTS OF SUCH ACTION, IN
ADDITION TO ANY OTHER RELIEF GRANTED TO S&P GLOBAL. YOU AGREE THAT S&P GLOBAL
WILL NOT BE LIABLE TO YOU OR TO ANY THIRD PARTY FOR TERMINATION OF YOUR
ACCESS TO THIS WEBSITE AS A RESULT OF ANY VIOLATION OF THESE TERMS OF USE.
15. GENERAL
RELATIONSHIP BETWEEN THE PARTIES. THERE IS NO JOINT VENTURE, PARTNERSHIP,
AGENCY OR FIDUCIARY RELATIONSHIP EXISTING BETWEEN YOU AND S&P GLOBAL, AND THE
PARTIES DO NOT INTEND TO CREATE ANY SUCH RELATIONSHIP BY THIS TERMS OF USE.
INVALIDITY. IF ANY PROVISION IN OR ANY PART OF THIS TERMS OF USE SHALL BE
FOUND TO BE ILLEGAL OR UNENFORCEABLE UNDER ANY ENACTMENT OR RULE OF LAW THEN
THAT PROVISION OR PART SHALL TO THAT EXTENT BE DEEMED NOT TO FORM PART OF
THIS TERMS OF USE AND THE REMAINING PROVISIONS SHALL CONTINUE IN FULL FORCE
AND EFFECT.
GOVERNING LAW. YOUR ACCESS TO AND USE OF THIS WEBSITE ARE GOVERNED BY AND
WILL BE CONSTRUED IN ACCORDANCE WITH LAWS OF ENGLAND AND WALES, WITHOUT
REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS OF OTHER JURISDICTIONS. EACH
PARTY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURTS RESIDING IN LONDON,
ENGLAND, UNITED KINGDOM, FOR THE PURPOSES OF DETERMINING ANY DISPUTE ARISING
OUT OF THE TERMS OF USE, ITS CONSTRUCTION OR THE TRANSACTIONS CONTEMPLATED BY
IT.
16. THIRD PARTY RESTRICTIONS
IN ADDITION TO THE RIGHTS AND RESTRICTIONS SET FORTH IN AGREEMENT(S) THAT YOU
HAVE ENTERED INTO WITH S&P GLOBAL, USE OF S&P GLOBAL SERVICES IS SUBJECT TO
THE ADDITIONAL FOLLOWING TERMS: (I) YOU MAY BE REQUIRED TO ENTER INTO, OR TO
COMPLY WITH THE TERMS OF, A THIRD-PARTY LICENSOR AGREEMENT, AND (II) YOU MAY
RECEIVE SUCH TERMS WITHIN THE SERVICE ITSELF OR DIRECTLY BY THE THIRD-PARTY
LICENSOR.
TO THE EXTENT THAT YOU REDISTRIBUTE ANY THIRD-PARTY SERVICES, YOU MUST OBTAIN
ALL REQUIRED APPROVALS FOR CONTROL AND REDISTRIBUTION OF SUCH THIRD-PARTY
SERVICES. YOU ARE RESPONSIBLE FOR ANY AND ALL COSTS AND FEES ASSOCIATED WITH
AGREEMENTS ENTERED INTO WITH ANY SUCH THIRD-PARTY LICENSOR. IF A THIRD-PARTY
LICENSOR CEASES TO MAKE ONE OR MORE OF ITS SERVICES AVAILABLE TO S&P GLOBAL,
OR REQUIRES S&P GLOBAL TO SUSPEND OR TERMINATE THE PROVISION OF ALL OR ANY
PART OF ITS SERVICES TO YOU, OR IF S&P GLOBAL TERMINATES ITS ARRANGEMENTS
WITH THE THIRD-PARTY LICENSOR, THEN S&P GLOBAL MAY SUSPEND OR TERMINATE THAT
PART OF ITS SERVICES IMMEDIATELY WITHOUT NOTICE OR FURTHER OBLIGATION TO YOU.
CONTENT PROVIDED BY THIRD-PARTIES ("THIRD PARTY CONTENT") MAY CONTAIN: (I)
RESTRICTIONS, INCLUDING WITHOUT LIMITATION, AS TO DISCLOSURE AND USE OF THE
THIRD PARTY CONTENT; AND (II) SPECIFIC DISCLAIMERS WITH REGARD TO SUCH THIRD
PARTY CONTENT, INCLUDING WITHOUT LIMITATION DISCLAIMER FOR LIABILITY FOR
INACCURACIES, ERRORS OR OMISSIONS; WHICH MAY BE DISPLAYED IN AND SHALL APPLY
TO THE THIRD PARTY CONTENT.
SUCH THIRD PARTY CONTENT IS PROVIDED BY OTHER, NON-S&P GLOBAL INFORMATION
PROVIDERS AND THEREFORE S&P GLOBAL HAS NO RESPONSIBILITY AND MAKES NO
REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY, TIMELINESS OR COMPLETENESS
OF THE THIRD PARTY CONTENT. S&P GLOBAL SHALL NOT BE HELD LIABLE FOR ANY LOSS
OR DAMAGE CAUSED BY THE INACCURACIES, ERRORS OR OMISSIONS, INCOMPLETE OR LATE
THIRD PARTY CONTENT.
IN ORDER TO PROVIDE THE SERVICES, WE MAY BE REQUIRED TO SHARE CERTAIN
INFORMATION REGARDING OUR AGREEMENT WITH YOU, YOUR USE OF THE S&P GLOBAL
SERVICES OR THIRD PARTY CONTENT OR DETAILS OF THE S&P GLOBAL SERVICES OR
THIRD PARTY CONTENT PROVIDED TO YOU WITH SUCH THIRD-PARTY LICENSOR.
PLEASE CLICK ON ANY OF THE FOLLOWING HYPERLINKS TO SEE THE ADDITIONAL TERMS
AND CONDITIONS IMPOSED BY THE FOLLOWING THIRD-PARTY DATA PROVIDERS REGARDING
USE OF THEIR DATA:
1. FITCH RATINGS LTD.
2. FTSE INTERNATIONAL
3. FTSE – RUSSELLTICK
4. MOODY'S INVESTORS SERVICE
5. MORGAN STANLEY CAPITAL INTERNATIONAL
6. CME
7. DEUTSCHE BOERSE
8. MORNINGSTAR
9. EURONEXT
10. MSRB
11. AUSTRALIAN FINANCIAL MARKETS ASSOCIATION (AFMA)
12. AUSTRALIAN SECURITIES EXCHANGE (ASX)
13. CHINA EXCHANGES SERVICES COMPANY (CESC)
14. CITIGROUP
15. HANG SENG INDICES
16. HEDGE FUND RESEARCH
17. LONDON STOCK EXCHANGE (SEDOL)
18. ROBO GLOBAL LLC
19. SUSTAINALYTICS
20. FACTSET RESEARCH SYSTEMS, INC
21. NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC)
22. TREPP UK LIMITED
23. THOMSON REUTERS MUNICIPAL MARKET DATA (MMD)
24. INTERCONTINENTAL EXCHANGE GROUP (ICE)
25. ECONODAY, INC.
26. SONIA AND SONIA COMPOUNDED INDEX
27. NATIONAL ASSOCIATION OF REALTORS®
28. IBOR FALLBACK RATES DATA - BLOOMBERG
29. FEDERAL RESERVE BANK OF NEW YORK - SOFR DATA
30. EUROPEAN CENTRAL BANK
31. BANK OF JAPAN - TONAR
16.1 FITCH RATINGS LTD. 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 AFFILIATES AND
LICENSORS, AND ALL RIGHTS IN OR TO FITCH INFORMATION NOT GRANTED TO CLIENT
ARE EXPRESSLY RESERVED BY FITCH AND ITS AFFILIATES AND LICENSORS.
DISCLAIMER. ALTHOUGH THE FITCH INFORMATION IS BASED UPON INFORMATION OBTAINED
FROM SOURCES FITCH BELIEVES IN GOOD FAITH TO BE RELIABLE, CLIENT ACKNOWLEDGES
THAT FITCH DOES NOT REPRESENT, WARRANT OR GUARANTEE THE ACCURACY,
CORRECTNESS, INTEGRITY, COMPLETENESS OR TIMELINESS OF ANY PART OF FITCH
INFORMATION AND EXPRESSLY ACKNOWLEDGES FITCH'S DISCLAIMER THAT FITCH DOES NOT
AUDIT OR VERIFY ACCURACY OF THE INFORMATION PROVIDED TO IT BY ISSUERS, THEIR
REPRESENTATIVES, ACCOUNTANTS AND LEGAL ADVISORS AND OTHERS. FITCH ALSO DOES
NOT REPRESENT, WARRANT OR GUARANTEE: (I) THE DESIGN OR PERFORMANCE OF ANY
PART OF THE FITCH INFORMATION OR ANY FITCH WEBSITE, OR (II) THAT THE FITCH
INFORMATION OR ANY FITCH WEB SITE WILL FULFILL ANY OF THE CLIENT'S PARTICULAR
PURPOSES OR NEEDS. FITCH DOES NOT RECOMMEND THE PURCHASE OR SALE OF
SECURITIES, DOES NOT GIVE OPINIONS AS TO THE VALUE OF SECURITIES AND DOES NOT
GIVE INVESTMENT ADVICE. FITCH IS NOT RESPONSIBLE FOR ANY CREDIT, LOAN OR
INVESTMENT DECISIONS, DAMAGES OR OTHER LOSSES RESULTING FROM USE OF THE FITCH
INFORMATION. FITCH SHALL NOT BE RESPONSIBLE FOR ANY DISCREPANCIES THAT MAY
EXIST BETWEEN THE DATABASE FROM THE FITCH INFORMATION SENT TO CLIENT AND
CORRESPONDING DATA CONTAINED IN FITCH'S DATABASE AFTER THE TIME SUCH DATABASE
WAS SENT TO CLIENT. FITCH INFORMATION AND ACCESS TO AND USE OF ANY FITCH WEB
SITE, IF APPLICABLE, IS PROVIDED "AS IS" AND ALL FAULTS AND THE ENTIRE RISK
AS TO SATISFACTORY QUALITY, PERFORMANCE, ACCURACY AND EFFORT IS WITH
SUBSCRIBER. FITCH DISCLAIMS ALL OTHER WARRANTIES OR CONDITIONS, EXPRESS OR
IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES OR CONDITIONS
OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND ABSENCE OF VIRUSES
AND DAMAGING OR DISABLING CODE. FITCH SPECIFICALLY DISCLAIMS ANY WARRANTY OR
REPRESENTATION THAT FITCH PRODUCT WILL MEET SUBSCRIBERS' REQUIREMENTS, THAT
THE OPERATION OF FITCH PRODUCT AND/OR ITS USE WILL BE UNINTERRUPTED OR
ERROR-FREE, THAT DEFECTS IN FITCH PRODUCT, IF ANY, WILL BE CORRECTABLE OR
CORRECTED, OR THAT FITCH PRODUCT IS COMPATIBLE WITH ANY PARTICULAR PLATFORM.
16.2 FTSE INTERNATIONAL S&P GLOBAL IS LICENSED BY FTSE INTERNATIONAL LIMITED
TO PUBLISH CERTAIN FTSE PRODUCTS (“PRODUCTS”) AND MAKE THEM AVAILABLE TO YOU.
FTSE SHALL NOT BE RESPONSIBLE FOR ANY ERROR OR OMISSION IN THESE PRODUCTS.
ALL COPYRIGHT AND DATABASE RIGHTS IN THESE PRODUCTS BELONG TO FTSE OR ITS
LICENSORS. REDISTRIBUTION OF THE DATA COMPRISING THESE PRODUCTS IS NOT
PERMITTED. YOU AGREE TO COMPLY WITH ANY RESTRICTIONS OR CONDITIONS IMPOSED
UPON THE USE, ACCESS, OR STORAGE OF THE DATA AS MAY BE NOTIFIED TO YOU BY
FTSE OR S&P GLOBAL AND YOU MAY BE REQUIRED TO ENTER INTO A SEPARATE AGREEMENT
WITH FTSE OR S&P GLOBAL. "FTSETM", "FT-SETM" AND "FOOTSIETM" ARE TRADEMARKS
OF LONDON STOCK EXCHANGE PLC AND THE FINANCIAL TIMES LIMITED AND ARE USED BY
FTSE INTERNATIONAL LIMITED UNDER LICENSE.
16.3 FTSE - 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 S&P GLOBAL SERVICES. UNLESS EXPRESSLY PERMITTED OTHERWISE UNDER YOUR
OWN 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
S&P GLOBAL 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 S&P GLOBAL 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
OTHER 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, 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 CREATING 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 TRADEMARKS IN A GENERIC WAY OR AS PART OF
YOUR NAME OR THE NAME OF ANY ASSOCIATED COMPANY;(G) USE THE DATA OR INDEX
TRADEMARKS:(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 LICENSE 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 S&P
GLOBAL.
16.4 MOODY'S INVESTORS SERVICE MOODY'S© COPYRIGHT 2021, MOODY'S INVESTORS
SERVICE, INC. ("MOODY'S"). MOODY'S RATINGS ("RATINGS") ARE PROPRIETARY TO
MOODY'S OR ITS AFFILIATES AND ARE PROTECTED BY COPYRIGHT AND OTHER
INTELLECTUAL PROPERTY LAWS. RATINGS ARE LICENSED TO LICENSEE BY MOODY'S.
RATINGS MAY NOT BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER
TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED 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 MOODY'S PRIOR
WRITTEN CONSENT.
MOODY'S® IS A REGISTERED TRADEMARK.
ALL DATA FURNISHED BY MOODY'S ARE PROPRIETARY TO MOODY'S (OR ITS LICENSORS)
AND ARE SO FURNISHED AT MOODY'S' REQUEST AND FOR YOUR EXCLUSIVE USE. NO DATA
SO FURNISHED MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER
TRANSMITTED, TRANSFERRED, DISSEMINATED, DISTRIBUTED, REDISTRIBUTED, SOLD,
RESOLD, LEASED, RENTED, LICENSED, SUBLICENSED, ALTERED, MODIFIED, ADAPTED, 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 YOU OR ANY OTHER PERSON OR
ENTITY, WITHOUT MOODY'S' PRIOR WRITTEN CONSENT.
ALL DATA IS PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND, AND MOODY'S (AND
MOODY'S' LICENSORS AND SERVICE PROVIDERS), IN PARTICULAR, MAKE NO
REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO YOU OR ANY OTHER PERSON OR
ENTITY AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR
FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH DATA. UNDER NO CIRCUMSTANCE
SHALL MOODY'S, OR ITS LICENSORS OR SERVICE PROVIDERS, HAVE ANY LIABILITY
WHATSOEVER TO YOU OR ANY OTHER PERSON OR ENTITY, OR BE LIABLE FOR ANY
INDIRECT, SPECIAL, CONSEQUENTIAL, INCIDENTAL OR COMPENSATORY DAMAGES
RESULTING OR RELATING TO THE USE OF, OR INABILITY TO USE, ANY OF THE DATA.
16.5 MORGAN STANLEY CAPITAL INTERNATIONAL, MSCI INC. COPYRIGHT MSCI 2021. ALL
RIGHTS RESERVED. WITHOUT PRIOR WRITTEN PERMISSION OF MSCI, THIS INFORMATION
AND ANY OTHER MSCI INTELLECTUAL PROPERTY MAY ONLY BE USED FOR YOUR INTERNAL
USE, MAY NOT BE REPRODUCED OR REDISSEMINATED IN ANY FORM AND MAY NOT BE USED
TO CREATE ANY FINANCIAL INSTRUMENTS OR PRODUCTS OR ANY INDICES. THIS
INFORMATION IS PROVIDED ON AN "AS IS" BASIS, AND THE USER OF THIS
INFORMATION, ASSUMES THE ENTIRE RISK OF ANY USE MADE OF THIS INFORMATION.
NEITHER MSCI NOR ANY THIRD PARTY INVOLVED IN OR RELATED TO THE COMPUTING OR
COMPILING OF THE DATA MAKES ANY EXPRESS OR IMPLIED WARRANTIES,
REPRESENTATIONS OR GUARANTEES CONCERNING THE MSCI INDEX-RELATED DATA, AND IN
NO EVENT WILL MSCI OR ANY THIRD PARTY HAVE ANY LIABILITY FOR ANY DIRECT,
INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING
LOST PROFITS) RELATING TO ANY USE OF THIS INFORMATION.
MSCI ESG RESEARCH LLC DATA (“MSCI DATA”) WAS USED BY S&P GLOBAL IN THE
SELECTION PROCESS OF COMPANIES INCLUDED IN THE S&P GLOBAL MSCI ESG INDICES.
MSCI DOES NOT IN ANY WAY SPONSOR, SUPPORT, PROMOTE OR ENDORSE THE INDEX. MSCI
WAS NOT AND IS NOT INVOLVED IN ANY WAY IN THE CREATION, CALCULATION,
MAINTENANCE OR REVIEW OF THE INDEX. FOR THE AVOIDANCE OF DOUBT, MSCI IS NOT
THE BENCHMARK “ADMINISTRATOR” FOR, OR A “CONTRIBUTOR”, “SUBMITTER” OR
“SUPERVISED CONTRIBUTOR” TO, THE INDEX, AND THE MSCI DATA IS NOT CONSIDERED A
“CONTRIBUTION” OR “SUBMISSION” IN RELATION TO THE INDEX, AS THOSE TERMS MAY
BE DEFINED IN ANY RULES, LAWS, REGULATIONS, LEGISLATION OR INTERNATIONAL
STANDARDS. MSCI DATA IS PROVIDED “AS IS” WITHOUT WARRANTY OR LIABILITY AND NO
COPYING OR DISTRIBUTION IS PERMITTED. MSCI DOES NOT MAKE ANY REPRESENTATION
REGARDING THE ADVISABILITY OF ANY INVESTMENT OR STRATEGY AND DOES NOT
SPONSOR, PROMOTE, ISSUE, SELL OR OTHERWISE RECOMMEND OR ENDORSE ANY
INVESTMENT OR STRATEGY, INCLUDING ANY FINANCIAL PRODUCTS OR STRATEGIES BASED
ON, TRACKING OR OTHERWISE UTILIZING ANY MSCI DATA, MODELS, ANALYTICS OR OTHER
MATERIALS OR INFORMATION. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT
SHALL MSCI HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL,
PUNITIVE, CONSEQUENTIAL (INCLUDING, WITHOUT LIMITATION, LOST PROFITS) OR ANY
OTHER DAMAGES IN CONNECTION WITH THE MSCI DATA OR THE INDEX.
16.6 CME OTC INFORMATION, INCLUDING REAL TIME, DELAYED AND/OR END OF DAY
INFORMATION, MAY ONLY BE DISTRIBUTED TO SUBSCRIBERS THAT HAVE EXECUTED A
SUBSCRIBER AGREEMENT. SUBSCRIBERS ACCESSING INFORMATION AND/OR OTC
INFORMATION MAY NOT (I) DISTRIBUTE INFORMATION TO THIRD PARTIES OUTSIDE
SUBSCRIBER'S GROUP AND (II) OTC INFORMATION TO ANY OTHER ENTITY INCLUDING
WITHOUT LIMITATION OTHER ENTITIES WITHIN SUBSCRIBER'S GROUP, EXCEPT FOR: (I)
DELAYED INFORMATION (OTHER THAN OTC INFORMATION), WHEN AVAILABLE AS A
LICENSING OPTION AND SUBJECT TO THE CONDITIONS PUBLISHED BY CME FROM TIME TO
TIME AND PROVIDED ALSO THAT DISTRIBUTOR REPORTS TO CME AND PAYS THE
APPLICABLE DELAYED LICENSE, WEBSITE, AND USER FEES WHERE APPLICABLE, AND AS
OUTLINED IN THE SCHEDULE 4: MARKET DATA POLICIES AND THE SCHEDULE 5: FEE
SCHEDULE. THIS EXCEPTION IS SOLELY FOR INFORMATION AND IS NOT APPLICABLE TO
OTC INFORMATION. (II) INCLUSION OF INFORMATION (OTHER THAN OTC INFORMATION)
IN MEDIA PUBLICATIONS, SUBJECT TO THE CONDITIONS PUBLISHED BY CME FROM TIME
TO TIME AND PROVIDED ALSO THAT THE DISTRIBUTOR REPORTS TO CME AND PAYS THE
APPLICABLE MEDIA REDISTRIBUTION FEE FOR SUBSCRIBERS THAT REDISTRIBUTE
INFORMATION. (III) COMMUNICATION OF LIMITED EXTRACTS OF INFORMATION (OTHER
THAN OTC INFORMATION), SUBJECT TO THE CONDITIONS PUBLISHED BY CME FROM TIME
TO TIME, AND (IV) PUBLIC INTERNET DISPLAY, SUBJECT TO DISTRIBUTOR MEETING THE
APPLICABLE REPORTING AND PAYMENT OBLIGATIONS SPECIFIED IN THIS SCHEDULE,
PROVIDED THAT ALL PERSONS ACCESSING INFORMATION (OTHER THAN OTC INFORMATION)
ON WEB-HOSTED SITES WILL BE REGARDED AS SUBSCRIBERS OF DISTRIBUTOR, EXCEPT
THAT THEY MAY NOT BE ALLOWED TO REDISTRIBUTE INFORMATION (OTHER THAN OTC
INFORMATION) TO THIRD PARTIES.
INCLUSION OF OTC INFORMATION IN MEDIA PUBLICATIONS OR ANY OTHER FORM OF MEDIA
REDISTRIBUTION IS EXPRESSLY PROHIBITED. FOR THE AVOIDANCE OF DOUBT, PLEASE
NOTE THAT THE FOREGOING SUBSECTIONS (I) THROUGH (IV) (THE “EXCEPTIONS”) ARE
APPLICABLE SOLELY TO INFORMATION, AND THE EXCEPTIONS ARE NOT APPLICABLE TO
OTC INFORMATION. PLEASE REFERENCE SCHEDULE 5: FEE SCHEDULE FOR AVAILABILITY
OF ANY OF THE FOREGOING.
CME RESERVES ALL RIGHTS TO DETERMINE WHETHER ANY FORM OF INFORMATION
REDISTRIBUTION BY SUBSCRIBER MAY BE ALLOWED, AND RESERVES THE RIGHT TO CHANGE
THE FOREGOING POLICY AT ANY TIME.
ALL USES OF INFORMATION BY SUBSCRIBER THAT ARE SUBJECT TO REPORTING
REQUIREMENTS AS SPECIFIED IN THIS SCHEDULE MUST BE IDENTIFIED AND MEASURED
WITH AN APPROVED UNIT OF COUNT AND BE SUBJECT TO EFFECTIVE INTERNAL CONTROLS
WHICH RECORD ALL AUTHORIZED USE AND PREVENT (OR IDENTIFY AND RECORD) ANY
UNAUTHORIZED USE.
SUBSCRIBERS ACCESSING INFORMATION, AS DEFINED BELOW, MAY PROCESS INFORMATION
WITH OR WITHOUT OTHER DATA FOR THE PURPOSE OF CREATING NEW ORIGINAL WORKS,
PROVIDED THAT:(I) ANY WORKS SO CREATED, WHICH DISPLAY, REPRESENT OR RECREATE
ANY ITEM OF INFORMATION (INCLUDING ANY WORKS FROM WHICH INFORMATION MAY BE
REASONABLY BE REVERSE-ENGINEERED) WILL BE REGARDED AS INFORMATION FOR THE
PURPOSES OF THIS AGREEMENT AND WILL BE SUBJECT TO APPLICABLE FEES.(II)
SUBSCRIBER MUST OBTAIN PRIOR PERMISSION FROM CME BEFORE USING ANY ELEMENT OF
INFORMATION TO CREATE OR RECALCULATE INDICES OR ANY ORIGINAL WORK THAT DOES
NOT INCLUDE, DISPLAY OR RECREATE INFORMATION. THESE WORKS WILL BE CONSIDERED
DERIVED WORKS AND WILL REQUIRE LICENSING UNDER SEPARATE AGREEMENT WITH CME.
NO USE, CREATION OR DISTRIBUTION OF SUCH WORKS SHALL BE PERMITTED WITHOUT
CME'S EXPRESS APPROVAL WHICH WILL INCLUDE A SEPARATE LICENSE AGREEMENT (III)
CME MAY AT ITS SOLE DISCRETION DENY PERMISSION OR REQUIRE DISTRIBUTOR TO PAY
LICENSE FEES FOR EACH SUBSCRIBER GRANTED THE RIGHT TO CREATE OR RECALCULATE
INDICES OR ANY OTHER WORK FROM INFORMATION, FOR USE IN DERIVED WORKS. (IV)
CME HEREBY GRANTS PERMISSION FOR THE USE OF INFORMATION TO CREATE GRAPHS AND
CHARTS, WHERE THE UNDERLYING VALUE OF ELEMENTS OF INFORMATION CANNOT BE
IDENTIFIED OR CALCULATED (FOR EXAMPLE TO COMPARE PERCENTAGE CHANGE IN
ELEMENTS OF INFORMATION WITH PERCENTAGE CHANGE IN OTHER DATA.)SUCH USE WILL
NOT BE CONSIDERED DERIVED WORKS. NO FEES WILL APPLY TO SUBSCRIBERS WHERE THE
DISTRIBUTOR PROVIDES THIS SERVICE.
SUBSCRIBER MUST NOT MISREPRESENT INFORMATION OR DEFACE OR REMOVE ANY
TRADEMARKS TRANSMITTED WITH INFORMATION.
SUBSCRIBER MUST NOT USE INFORMATION FOR ANY ILLEGAL PURPOSE. SUBSCRIBER MUST
RECOGNIZE ALL INTELLECTUAL PROPERTY RIGHTS AS ACKNOWLEDGED BETWEEN
DISTRIBUTOR AND CME.
SUBSCRIBER MUST MAINTAIN ALL RECORDS AND PROVIDE ALL INFORMATION REQUIRED BY
DISTRIBUTOR TO MEET DISTRIBUTOR'S RECORD-KEEPING, REPORTING AND PAYMENT
OBLIGATIONS TO CME.
SUBSCRIBER MUST ALLOW CME OR ANY AUDITORS ACTING ON BEHALF OF CME TO AUDIT
SUBSCRIBER'S RECORDS AND USE OF INFORMATION.
SUBJECT TO APPLICABLE LAW, SUBSCRIBER SHALL OBTAIN AND PROVIDE ANY CONSENT
NEEDED FOR CME OR ANY AUDITORS ACTING ON BEHALF OF CME TO REVIEW AND RECEIVE
PERSONAL DATA, WHERE NECESSARY FOR THE PURPOSES OF VERIFYING OR ENSURING
COMPLIANCE WITH DISTRIBUTOR'S OBLIGATIONS TO CME.
IN ADDITION TO ANY OTHER REMEDY, DISTRIBUTOR MAY IMMEDIATELY SUSPEND OR
TERMINATE DISTRIBUTION OF INFORMATION TO SUBSCRIBER IF DISTRIBUTOR HAS REASON
TO SUSPECT NON-COMPLIANCE WITH ANY OF THESE TERMS OF IF DISTRIBUTOR IS
REQUIRED TO DO SO BY CME FOR ANY REASON.
CME GROUP MARKET DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR
CERTAIN S&P GLOBAL PRODUCTS. CME GROUP HAS NO OTHER CONNECTION TO S&P GLOBAL
PRODUCTS AND SERVICES AND DOES NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY
S&P GLOBAL PRODUCTS OR SERVICES. CME GROUP HAS NO OBLIGATION OR LIABILITY IN
CONNECTION WITH THE S&P GLOBAL PRODUCTS AND SERVICES. CME GROUP DOES NOT
GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY MARKET DATA LICENSED TO
S&P GLOBAL AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR
INTERRUPTIONS THEREIN. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY
AGREEMENTS OR ARRANGEMENTS BETWEEN CME GROUP AND S&P GLOBAL.
16.7 DEUTSCHE BOERSE SUBSCRIBERS ARE PERMITTED TO EXCLUSIVELY USE THE
LICENSED INFORMATION INTERNALLY; ONWARD DISSEMINATION OF LICENSED INFORMATION
BY SUBSCRIBERS TO THIRD PARTIES WITHOUT THE EXPRESS PRIOR WRITTEN APPROVAL BY
DEUTSCHE BOERSE AG IS PROHIBITED. THE PROHIBITION OF THE ONWARD DISSEMINATION
IN THE PRIOR SENTENCE DOES NOT APPLY IF THE SUBSCRIBER IS SIMULTANEOUSLY A
VENDOR.
16.8 MORNINGSTAR © 2021 MORNINGSTAR. ALL RIGHTS RESERVED. THE INFORMATION
CONTAINED HEREIN: (1) IS PROPRIETARY TO MORNINGSTAR 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.
SELECT FUNDAMENTALS CONTENT AND OWNERSHIP CONTENT, AND SELECT ETF PRICES
(NYSE CTA TAPE A AND AMEX CTA TAPE B) PROVIDED BY MORNINGSTAR, INC.
© 2021 MORNINGSTAR. ALL RIGHTS RESERVED. THE INFORMATION, DATA, ANALYSES AND
OPINIONS (“INFORMATION”) CONTAINED HEREIN: (1) INCLUDE THE PROPRIETARY
INFORMATION OF MORNINGSTAR AND ITS CONTENT PROVIDERS; (2) MAY NOT BE COPIED
OR REDISTRIBUTED EXCEPT AS SPECIFICALLY AUTHORIZED; (3) DO NOT CONSTITUTE
INVESTMENT ADVICE; (4) ARE PROVIDED SOLELY FOR INFORMATIONAL PURPOSES; (5)
ARE NOT WARRANTED TO BE COMPLETE, ACCURATE OR TIMELY; AND (6) MAY BE DRAWN
FROM FUND DATA PUBLISHED ON VARIOUS DATES. MORNINGSTAR IS NOT RESPONSIBLE FOR
ANY TRADING DECISIONS, DAMAGES OR OTHER LOSSES RELATED TO THE INFORMATION OR
ITS USE. PLEASE VERIFY ALL OF THE INFORMATION BEFORE USING IT AND DON’T MAKE
ANY INVESTMENT DECISION EXCEPT UPON THE ADVICE OF A PROFESSIONAL FINANCIAL
ADVISER. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. THE VALUE AND
INCOME DERIVED FROM INVESTMENTS MAY GO DOWN AS WELL AS UP.
16.9 EURONEXT REDISTRIBUTION OF EURONEXT INFORMATION IS PROHIBITED WITHOUT AN
INDIVIDUAL LICENSE BETWEEN YOU AND EURONEXT. POWERED BY EURONEXT ©.
16.10 MSRB 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 OR MERCHANTABILITY AND FITNESS FOR A PARTICULAR
PURPOSE REGARDING THE SERVICE. YOU 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 UNINTENTIONAL
ERROR, OMISSION, INACCURACY, INCOMPLETENESS OR UNTIMELINESS IN OR WITH
RESPECT TO THE SERVICE. THE MRSB, 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.
16.11 AUSTRALIAN FINANCIAL MARKETS ASSOCIATION (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.
16.12 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://ASXONLINE.COM/MARKETINFO/PRODUCT.SHTM
16.13 CHINA EXCHANGES SERVICES COMPANY (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 ACCEPT NO LIABILITY (WHETHER IN TOR 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.
16.14 CITIGROUP 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.
16.15 HANG SENG INDICES THE 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 S&P GLOBAL
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.
16.16 HEDGE FUND RESEARCH CLIENT RESTRICTION 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 (I) 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, OR (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.
16.17 LONDON STOCK EXCHANGE CUSTOMERS WISHING TO STORE, EXTRACT, DOWNLOAD
AND/OR REPRODUCE STOCK EXCHANGE DAILY OFFICIAL LIST (SEDOL) CODES ARE
REQUIRED TO SIGN A LICENSE AGREEMENT WITH THE LONDON STOCK EXCHANGE. THE
FOLLOWING EXCEPTIONS APPLY:
WHERE THE CUSTOMER HAS STORED OR ARCHIVED OFF SEDOL CODES FOR REGULATORY
PURPOSES, AS LONG AS THE CUSTOMER CAN DEMONSTRATE THAT THERE ARE CONTROLS IN
PLACE TO ENSURE SEDOL CODES THAT ONLY NAMED INDIVIDUALS CAN ACCESS THAT DATA
FOR REGULATORY OR REGULATORY SUPPORT PURPOSES, THEN ALL SEDOL CODES WITHIN
THIS DATABASE CAN BE DISCOUNTED.
WHERE A VENDOR IS UNABLE TO CONTROL OR PERMISSION THE LEVEL OF CODES PROVIDED
TO THE CUSTOMER, CODES WHICH ARE NOT BEING PROCESSED, AS DEFINED ABOVE, MAY
BE DISCOUNTED. IN SUCH CASES, THE VENDOR IS REQUIRED TO PROVIDE TO THE LONDON
STOCK EXCHANGE LISTS OF ALL CUSTOMERS THAT HAVE THE ABILITY TO ACCESS SEDOL
CODES AND THE LONDON STOCK EXCHANGE WILL CONTACT SUCH CUSTOMERS TO ASCERTAIN
WHETHER THEY ARE PROCESSING SEDOL CODES. HOWEVER, THE CUSTOMER WOULD BE
EXPECTED TO TECHNICALLY DEMONSTRATE TO THE LONDON STOCK EXCHANGE THAT THESE
DISCOUNTED CODES ARE BEING DISCARDED AND/OR ARCHIVED FOR REGULATORY PURPOSES.
WHERE SEDOL CODES ARE BEING HELD, BUT NOT BEING PROCESSED (AS PER THE
DEFINITION ABOVE) BECAUSE TRADING HAS OFFICIALLY CEASED (FOR EXAMPLE,
DELISTING OR MATURITY DATE EXPIRED) IN THE SECURITY TO WHICH THEY RELATE,
THEY CAN BE DISCOUNTED.
FOR FURTHER INFORMATION, PLEASE REFER TO THE SEDOL MASTERFILE PRICING AND
POLICY GUIDELINES, OR CONTACT THE LONDON STOCK EXCHANGE SEDOL TEAM: INFO:
SEDOL@LONDONSTOCKEXCHANGE.COM
16.18 ROBO GLOBAL LLC COPYRIGHT ROBO GLOBAL LLC (“RG") 2021. ALL RIGHTS
RESERVED. WITHOUT PRIOR WRITTEN PERMISSION OF RG, THIS INFORMATION AND ANY
OTHER RG INTELLECTUAL PROPERTY MAY ONLY BE USED FOR YOUR INTERNAL USE, MAY
NOT BE REPRODUCED OR REDISSEMINATED IN ANY FORM AND MAY NOT BE USED TO CREATE
ANY FINANCIAL INSTRUMENTS OR PRODUCTS OR ANY INDICES. THIS INFORMATION IS
PROVIDED ON AN “AS IS” BASIS, AND THE USER OF THIS INFORMATION ASSUMES THE
ENTIRE RISK OF ANY USE MADE OF THIS INFORMATION. NEITHER RG NOR ANY THIRD
PARTY INVOLVED IN OR RELATED TO THE COMPUTING OR COMPILING OF THE DATA MAKES
ANY EXPRESS OR IMPLIED WARRANTIES, REPRESENTATIONS OR GUARANTEES CONCERNING
THE RG INDEX-RELATED DATA, AND IN NO EVENT WILL RG OR ANY THIRD PARTY HAVE
ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR
ANY OTHER DAMAGES (INCLUDING LOST PROFITS) RELATING TO ANY USE OF THIS
INFORMATION.
16.19 SUSTAINALYTICS PART OF THIS PUBLICATION MAY CONTAIN SUSTAINALYTICS
PROPRIETARY INFORMATION THAT MAY NOT BE REPRODUCED, USED, DISSEMINATED,
MODIFIED NOR PUBLISHED IN ANY MANNER WITHOUT THE EXPRESS WRITTEN CONSENT OF
SUSTAINALYTICS. NOTHING CONTAINED IN THIS PUBLICATION SHALL BE CONSTRUED AS
TO MAKE A REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, REGARDING THE
MERCHANTABILITY, COMPLETENESS, ACCURACY OR FITNESS FOR A PARTICULAR PURPOSE.
THE INFORMATION HEREIN IS PROVIDED SOLELY FOR INFORMATIONAL PURPOSES AND
THEREFORE IS NOT AN OFFER TO BUY OR SELL A SECURITY. NEITHER SUSTAINALYTICS
NOR ALL ITS THIRD-PARTY SUPPLIERS PROVIDE INVESTMENT ADVICE (AS DEFINED IN
THE APPLICABLE JURISDICTION) OR ANY OTHER FORM OF (FINANCIAL) ADVICE AND
NOTHING WITHIN THIS PUBLICATION/REPORT CONSTITUTES SUCH ADVICE. THE
INFORMATION IS PROVIDED “AS IS” AND, THEREFORE SUSTAINALYTICS ASSUMES NO
RESPONSIBILITY FOR ERRORS OR OMISSIONS. SUSTAINALYTICS CANNOT BE HELD LIABLE
FOR DAMAGE ARISING FROM THE USE OF THIS PUBLICATION OR INFORMATION CONTAINED
HEREIN IN ANY MANNER WHATSOEVER. COPYRIGHT © SUSTAINALYTICS 2021. ALL RIGHTS
RESERVED.
NOTE, CUSTOMERS HEREBY AGREE TO COMPLY WITH ANY TERMS AND CONDITIONS
GOVERNING THE USE OF ANY THIRD PARTY WEBSITE OR CONTENT ACCESSED THROUGH THE
SERVICE. THIRD PARTY TERMS OF USE ARE AVAILABLE
AT: HTTPS://WWW.SUSTAINALYTICS.COM/THIRD-PARTY-TERMS-OF-USE(OPENS IN A NEW
TAB).
16.20 FACTSET RESEARCH SYSTEMS, INC. SELECT EQUITY OWNERSHIP CONTENT PROVIDED
BY FACTSET RESEARCH SYSTEMS, INC. UNDERLYING OWNERSHIP DATA, COPYRIGHT © 2021
FACTSET RESEARCH SYSTEMS INC. ALL RIGHTS RESERVED.
16.21 NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC). CERTAIN LOAN
OWNERSHIP DATA PROVIDED BY NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS
(NAIC). DATA SOURCE: NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS, BY
PERMISSION. THE NAIC DOES NOT ENDORSE ANY ANALYSIS OR CONCLUSIONS BASED UPON
THE USE OF ITS DATA.
16.22 TREPP UK LIMITED. CERTAIN COLLATERALIZED LOAN OBLIGATION DATA PROVIDED
BY TREPP UK LIMITED. ALL RIGHTS RESERVED. TREPP PROVIDED DATA IS “AS IS”
WITHOUT WARRANTY OF ANY KIND AND TREPP EXPRESSLY DISCLAIMS THE IMPLIED
WARRANTY OF MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE.
16.23 THOMSON REUTERS MUNICIPAL MARKET DATA (MMD). SELECT MUNICIPAL MARKET
DATA INFORMATION PROVIDED BY THOMSON REUTERS MUNICIPAL MARKET DATA (MMD)
MUNICIPAL YIELD CURVE AND EARLY READ DATA PROVIDED BY MMD. S&P GLOBAL
RESERVES THE RIGHT TO REMOVE MMD CONTENT FOR NON-SUBSCRIBERS. EMAIL
CLIENTSERVICE@TM3.COM OR CALL 1-800-367-8251 FOR FULL MMD ACCESS. FOR MORE
INFORMATION SEE WWW.TM3.COM.
16.24 INTERCONTINENTAL EXCHANGE GROUP (ICE). SELECT TREASURIES INFORMATION
PROVIDED BY INTERACTIVE DATA CORPORATION, A WHOLLY OWNED SUBSIDIARY OF
INTERCONTINENTAL EXCHANGE GROUP (ICE)
16.25 ECONODAY, INC. CERTAIN BASIC U.S. AND U.S. TREASURIES DATA PROVIDED BY
ECONODAY, INC. IMPORTANT LEGAL NOTICE: ECONODAY HAS ATTEMPTED TO VERIFY THE
INFORMATION CONTAINED IN THIS CALENDAR. HOWEVER, ANY ASPECT OF SUCH INFO MAY
CHANGE WITHOUT NOTICE. ECONODAY DOES NOT PROVIDE INVESTMENT ADVICE, AND DOES
NOT REPRESENT THAT ANY OF THE INFORMATION OR RELATED ANALYSIS IS ACCURATE OR
COMPLETE AT ANY TIME. © 2021 ECONODAY INC. ALL RIGHTS RESERVED.
16.26 SONIA AND SONIA COMPOUNDED INDEX ARE COPYRIGHT THE BANK OF ENGLAND. THE
TRADEMARKS “BANK OF ENGLAND” AND “SONIA” ARE REGISTERED TRADEMARKS OF THE
BANK OF ENGLAND. ALL RIGHTS RESERVED. THE SONIA BENCHMARK AND SONIA
COMPOUNDED INDEX INCLUDE THE PROPRIETARY INFORMATION OF THE BANK OF ENGLAND
AND THE DATA COMPRISING THE SONIA BENCHMARK AND SONIA COMPOUNDED INDEX MAY
NOT BE COPIED OR DISTRIBUTED EXCEPT AS SPECIFICALLY AUTHORIZED. THE SONIA
BENCHMARK AND SONIA COMPOUNDED INDEX ARE NOT INTENDED TO BE RELIED UPON AS
AUTHORITATIVE OR TAKEN IN SUBSTITUTION FOR THE EXERCISE OF JUDGMENT AND DO
NOT CONSTITUTE INVESTMENT ADVICE. THE SONIA BENCHMARK AND SONIA COMPOUNDED
INDEX ARE NOT, AND SHOULD NOT BE CONSTRUED AS, AN OFFER, BID OR SOLICITATION
IN RELATION TO ANY FINANCIAL INSTRUMENT. THE BANK OF ENGLAND DOES NOT
GUARANTEE, AND EXPRESSLY DISCLAIMS ANY LIABILITY FOR, AND MAKES NO
REPRESENTATIONS OR WARRANTIES WHETHER EXPRESS OR IMPLIED, AS TO THE CURRENCY,
ACCURACY, TIMELINESS, COMPLETENESS OR FITNESS FOR ANY PARTICULAR PURPOSE OF
THE SONIA BENCHMARK OR THE SONIA COMPOUNDED INDEX. THE BANK OF ENGLAND
ACCEPTS NO LIABILITY WHATSOEVER FOR ANY LOSS (INCLUDING, BUT NOT LIMITED TO
ANY DIRECT, INDIRECT OR CONSEQUENTIAL LOSS, WHETHER OR NOT SUCH LOSS IS
FORESEEABLE AND WHETHER OR NOT THE BANK OF ENGLAND HAS BEEN APPRAISED OF THE
USE TO WHICH THE SONIA BENCHMARK OR SONIA COMPOUNDED INDEX WILL BE PUT)
HOWSOEVER ARISING FROM THE USE, THE TIMELINESS OF DELIVERY OR THE FAILURE OF
DELIVERY OF THE SONIA BENCHMARK OR SONIA COMPOUNDED INDEX.
16.27 NATIONAL ASSOCIATION OF REALTORS® DATA USED WITH THE PERMISSION OF THE
NATIONAL ASSOCIATION OF REALTORS®. COPYRIGHT 2021 NATIONAL ASSOCIATION OF
REALTORS®. SUCH DATA SHALL NOT BE REDISTRIBUTED IN ANY WAY WITHOUT PERMISSION
OF THE NATIONAL ASSOCIATION OF REALTORS®. INFORMATION HAS BEEN OBTAINED BY
THE NATIONAL ASSOCIATION OF REALTORS® FROM SOURCES BELIEVED TO BE RELIABLE.
HOWEVER, BECAUSE OF THE POSSIBILITY OF HUMAN OR MECHANICAL ERROR BY THE
NATIONAL ASSOCIATION OF REALTORS® OR OTHERS, NATIONAL ASSOCIATION OF
REALTORS® DOES NOT GUARANTEE THE ACCURACY, ADEQUACY, OR COMPLETENESS OF ANY
INFORMATION AND IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS OR THE RESULTS
OBTAINED FROM THE USE OF SUCH INFORMATION AND EXPRESSLY DISCLAIMS ALL
WARRANTIES WITH REGARD TO THE DATA PROVIDED.
16.28 IBOR FALLBACK RATES DATA - BLOOMBERG IS A TRADEMARK AND SERVICE MARK OF
BLOOMBERG FINANCE L.P. ("BFLP"). ISDA IS A TRADEMARK AND SERVICE MARK OF THE
INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC. ("ISDA"). LIBOR® AND
ICE LIBOR® ARE TRADEMARKS OF ICE BENCHMARK ADMINISTRATION LIMITED AND/OR ITS
AFFILIATES (COLLECTIVELY, “ICE”) AND ARE USED WITH PERMISSION UNDER LICENCE
BY ICE. BLOOMBERG INDEX SERVICES LIMITED ("BISL" AND, COLLECTIVELY WITH BFLP
AND THEIR AFFILIATES, "BLOOMBERG") MAINTAINS AND CALCULATES THE ‘FALLBACK’
DATA COMPRISING THE 'ALL IN' FALLBACK RATES AND THEIR COMPONENT PARTS, THE
ADJUSTED ‘RISK-FREE’ REFERENCE RATES AND THE SPREAD ADJUSTMENT (COLLECTIVELY
WITH ANY OTHER DATA OR INFORMATION RELATING THERETO OR CONTAINED THEREIN, THE
“FALLBACK RATES DATA") UNDER AN ENGAGEMENT BETWEEN BISL AND ISDA. TO THE
EXTENT BLOOMBERG USES LIBOR IN THE DETERMINATION OF CERTAIN FALLBACK RATES
DATA, IT DOES SO UNDER LICENCE FROM ICE. NONE OF BLOOMBERG, ISDA OR, WHERE
APPLICABLE, ICE GUARANTEES OR MAKES ANY CLAIM, PREDICTION, WARRANTY OR
REPRESENTATION WHATSOEVER, EXPRESS OR IMPLIED, REGARDING THE TIMELINESS,
ACCURACY, COMPLETENESS OF, OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT
TO, THE FALLBACK RATES DATA AND EACH SHALL HAVE NO LIABILITY IN CONNECTION
WITH THE FALLBACK RATES DATA. WITHOUT LIMITING THE FOREGOING, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, NONE OF BLOOMBERG, ISDA OR, WHERE
APPLICABLE, ICE WILL BE LIABLE IN CONTRACT OR TORT (INCLUDING NEGLIGENCE),
FOR BREACH OF STATUTORY DUTY OR NUISANCE, OR UNDER ANTITRUST LAWS, FOR
MISREPRESENTATION OR OTHERWISE, IN RESPECT OF ANY INACCURACIES, ERRORS,
OMISSIONS, DELAYS, FAILURES, CESSATIONS OR CHANGES (MATERIAL OR OTHERWISE) IN
THE FALLBACK RATES DATA, OR FOR ANY DAMAGE, EXPENSE OR OTHER LOSS (WHETHER
DIRECT OR INDIRECT) SUFFERED BY ANY PERSON ARISING OUT OF OR IN CONNECTION
WITH THE FALLBACK RATES DATA OR ANY RELIANCE PLACED UPON IT BY ANY PERSON,
AND ALL IMPLIED TERMS, CONDITIONS AND WARRANTIES, INCLUDING, WITHOUT
LIMITATION, AS TO QUALITY, MERCHANTABILITY, FITNESS FOR PURPOSE, TITLE OR
NON-INFRINGEMENT, IN RELATION TO THE FALLBACK RATES DATA, ARE HEREBY
EXCLUDED. NONE OF BLOOMBERG, ISDA OR, WHERE APPLICABLE, ICE MAKES ANY
REPRESENTATIONS REGARDING WHETHER THE FALLBACK RATES DATA WOULD BE
APPROPRIATE FOR DERIVATIVE OR NON-DERIVATIVE FINANCIAL INSTRUMENTS, INCLUDING
DERIVATIVES TRANSACTED OUTSIDE OF STANDARD ISDA DOCUMENTATION AND RELATED
PROTOCOLS. MARKET PARTICIPANTS ARE ENCOURAGED TO CONSIDER AND ANALYZE THE
DETAILS OF THE FALLBACK RATES DATA AND DETERMINE INDEPENDENTLY WHETHER THEY
WOULD BE APPROPRIATE FOR ANY SUCH USE. WHERE FALLBACK RATES DATA IS USED BY
IHS MARKIT AS AN INPUT INTO: (I) A TRANSACTION, VALUATION, PAYMENT AMOUNT OR
SETTLEMENT PRICE AND/OR AMOUNT OF AN APPROVED FINANCIAL PRODUCT, OR (II) AN
INDEX OR BENCHMARK, OR CONSTITUENTS IN ANY INDEX OR BENCHMARK, AND SUCH
FALLBACK RATES DATA IS DISCLOSED BY IHS MARKIT TO YOU, YOU MAY ONLY USE IT TO
IDENTIFY HOW THE FALLBACK RATES DATA IS USED IN CONNECTION WITH SUCH USE SET
OUT AT (I) AND (II). “APPROVED FINANCIAL PRODUCT” MEANS ALL FINANCIAL
PRODUCTS (CREATED BY ANY ENTITY) INCORPORATING OR BASED UPON ISDA
DOCUMENTATION FOR WHICH THE FALLBACK RATE(S) ACT AS FALLBACKS AS WELL AS ALL
OTHER DERIVATIVES AS WELL AS CASH SECURITY INSTRUMENTS, INCLUDING, BUT NOT
LIMITED TO, BONDS, FRNS, LOANS AND MORTGAGES THAT HAVE OPTED TO USE THE
FALLBACK RATE(S) AS FALLBACKS IN USE CASES NOT COVERED BY ISDA DOCUMENTATION.
“ISDA DOCUMENTATION” MEANS STANDARD DOCUMENTS PRODUCED AND MAINTAINED BY ISDA
(SUCH AS THE SUPPLEMENT TO THE 2006 ISDA DEFINITIONS AND RELATED PROTOCOLS)
OR INSTRUMENTS THAT INCORPORATE SUCH ISDA-MAINTAINED DOCUMENTS, INCLUDING BY
EXCHANGE, CLEARING OR OTHER RULE OR REFERENCE.
ANY OTHER USAGE OF ANY FALLBACK RATES DATA (INCLUDING PURSUANT TO THE USAGE
TERMS REFERENCED BELOW) IS PROHIBITED WITHOUT A SEPARATE AGREEMENT WITH
BLOOMBERG IN RESPECT OF SUCH USAGE, UNLESS OTHERWISE AGREED IN WRITING.
FOR FURTHER INFORMATION REGARDING THE USAGE TERMS RELATING TO THE FALLBACK
RATES DATA, PLEASE REFER TO WWW.BLOOMBERG.COM/LIBOR(OPENS IN A NEW
TAB) ANDHTTPS://ASSETS.BBHUB.IO/PROFESSIONAL/SITES/27/ISDA-IBOR-FALLBACKS-WEB-TERMS1.PDF(OPENS
IN A NEW TAB) (AS MAY BE UPDATED FROM TIME TO TIME).
16.29 FEDERAL RESERVE BANK OF NEW YORK - SOFR DATA DISCLAIMER: THE SECURED
OVERNIGHT FINANCING RATE - SOFR, IS SUBJECT TO THE TERMS OF USE POSTED AT
NEWYORKFED.ORG. THE NEW YORK FED IS NOT RESPONSIBLE FOR PUBLICATION OF THE
SOFR RATE BY IHS MARKIT, DOES NOT SANCTION OR ENDORSE ANY PARTICULAR
REPUBLICATION, AND HAS NO LIABILITY FOR YOUR USE. FOR ANY REPUBLICATION OF
THIS DATA, YOU MUST INCLUDE THIS COPYRIGHT NOTICE: “SOFR © [YEAR] FEDERAL
RESERVE BANK OF NEW YORK. CONTENT FROM THE NEW YORK FED SUBJECT TO THE TERMS
OF USE AT NEWYORKFED.ORG.”
16.30 EUROPEAN CENTRAL BANK THE EURO SHORT-TERM RATE “€STR ©” IS THE
COPYRIGHT OF THE EUROPEAN CENTRAL BANK. DISCLAIMER: THE EURO SHORT-TERM RATE
– €STR, AND ANY RE-PUBLICATION THEREOF (THE “RATE”) AND ALL OTHER RELATED
DATA AND INFORMATION, INCLUDING THE COMPOUNDED EURO SORT-TERM RATE AVERAGE
RATES AND THE COMPOUNDED EURO SHORT-TERM RATE INDEX, (THE “INFORMATION”) ARE
PUBLISHED BY THE EUROPEAN CENTRAL BANK (ECB) FOR PUBLIC INFORMATION PURPOSES
ONLY. THE ECB AND THE EUROSYSTEM NATIONAL CENTRAL BANKS, IN SO FAR AS THEY
CONTRIBUTE TO THE EURO SHORT-TERM RATE DETERMINATION PROCESS, SHALL NOT BE
LIABLE FOR ANY ERROR OR INACCURACY IN THE RATE OR THE INFORMATION, FOR ANY
DELAY IN UPDATING THE RATE OR THE INFORMATION, NOR SHALL THEY BE LIABLE OR
RESPONSIBLE FOR ANY RELIANCE ON OR USE OF OR INABILITY TO USE THE RATE ON THE
INFORMATION IN ANY FINANCIAL INSTRUMENT, CONTRACT, TRADE OR ANY OTHER
COMMERCIAL ACTIVITY OR INVESTMENT DECISION. THE ECB MAKES NO REPRESENTATIONS
OR WARRANTIES, EXPRESS OR IMPLIED AS TO THE CURRENCY, ACCURACY, TIMELINESS,
COMPLETENESS, MERCHANTABILITY, OR FITNESS FOR PURPOSE OF THE RATE OR THE
INFORMATION. THE ECB ACCEPTS NO LIABILITY OR RESPONSIBILITY FOR ANY LOSS,
DAMAGE, EXPENSE OR CLAIM (INCLUDING, BUT NOT LIMITED TO ANY DIRECT, INDIRECT
OR CONSEQUENTIAL LOSS, WHETHER OR NOT SUCH LOSS IS FORESEEABLE AND WHETHER OR
NOT THE ECB HAS BEEN APPRISED OF THE USE TO WHICH THE RATE OR THE INFORMATION
WILL BE PUT), HOWEVER ARISING, FROM RELIANCE ON, USE OF OR INABILITY TO USE
THE RATE OR THE INFORMATION.
THIS DISCLAIMER IS NOT INTENDED TO LIMIT THE ECB’S NON-CONTRACTUAL LIABILITY
IN CONTRAVENTION OF ANY REQUIREMENT WHICH ACCORD WITH THE GENERAL PRINCIPLES
COMMON TO THE LAWS OF MEMBER STATES OR TO EXCLUDE ITS LIABILITY FOR MATTERS
WHICH CANNOT BE EXCLUDED UNDER SUCH LAWS.
16.31 BANK OF JAPAN - TONAR THE TOKYO OVERNIGHT AVERAGE RATE – TONAR, IS THE
COPYRIGHT OF THE BANK OF JAPAN. DISCLAIMER: THE BANK OF JAPAN TAKES ALL
REASONABLE MEASURES TO ENSURE THE ACCURACY OF THE TONAR RATE. HOWEVER, THE
BANK OF JAPAN ASSUMES NO RESPONSIBILITY FOR CONSEQUENCES ARISING IN
CONNECTION WITH THE USE OF THE TONAR RATE.
COPYRIGHT © 2022 S&P GLOBAL. ALL RIGHTS RESERVED.
LAST UPDATED: MARCH 2022
* Terms and Conditions for the United Kingdom
TERMS OF USE
--------------------------------------------------------------------------------
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STANDARD TERMS AND CONDITIONS
ALL ORDERS BY S&P GLOBAL INTERNATIONAL (U.K.) LIMITED OR A COMPANY WHICH
DIRECTLY OR INDIRECTLY (A) IT WHOLLY OWNS OR CONTROLS (B) WHOLLY OWNS OR
CONTROLS IT (A “PARENT”) AND/OR (C) IS WHOLLY (“BUYER”) ARE SUBJECT TO THE
TERMS SET FORTH IN THIS PURCHASE ORDER (“ORDER”) AND ANY ATTACHMENTS HERETO.
IF AS OF THE DATE OF THIS ORDER, A MASTER OR OTHER AGREEMENT BETWEEN SELLER
AND BUYER IS IN EFFECT (“MASTER AGREEMENT”), THIS ORDER AND SHALL BE GOVERNED
BY AND IS SUBJECT TO THE TERMS OF THAT MASTER AGREEMENT, AND IN THE EVENT OF
ANY INCONSISTENCY BETWEEN THIS ORDER AND THE MASTER AGREEMENT, THE TERMS OF
THE MASTER AGREEMENT SHALL SUPERSEDE ANY INCONSISTENT TERMS IN THIS ORDER.
NO MODIFICATIONS OR CHANGES TO THESE TERMS AND CONDITIONS WILL BE BINDING
UPON BUYER UNLESS MADE IN WRITING, AND SIGNED BY BUYER’S AUTHORIZED
REPRESENTATIVE. NOTICE IS HEREBY GIVEN THAT ANY ADDITIONAL OR DIFFERENT TERM
PROPOSED BY SELLER IS OBJECTED TO AND HEREBY REJECTED.
APPLICABLE LAW
THE AGREEMENT ARISING PURSUANT TO THIS ORDER AND ALL MATTERS, ISSUES AND
DISPUTES ARISING HOWSOEVER IN CONNECTION WITH SUCH ORDER AND ITS PERFORMANCE
OR NON PERFORMANCE IN CONTRACT OR TORT OR OTHERWISE SHALL BE GOVERNED BY THE
LAWS OF ENGLAND AND WALES.
INFRINGEMENT
SELLER WILL INDEMNIFY AND HOLD HARMLESS BUYER FROM AND AGAINST ANY AND ALL
CLAIMS, DEMANDS AND ACTIONS AGAINST BUYER, ITS SUBSIDIARIES AND AFFILIATES
AND THEIR RESPECTIVE CUSTOMERS, FOR INFRINGEMENT OR ALLEGED INFRINGEMENT OF
ANY INTELLECTUAL PROPERTY, PERSONAL OR OTHER RIGHT OF ANY THIRD PARTY BY THE
MATERIALS OR SERVICES FURNISHED UNDER THIS ORDER, OR ANY PART OR USE THEREOF.
IF SELLER INCLUDES IN THE MATERIALS COVERED BY THIS ORDER ANY CONTENT OWNED
BY THIRD PARTIES, FOR WHICH PERMISSION IS REQUIRED FOR USE IN, AND/OR
PUBLICATION OF, THE MATERIALS, SELLER WILL OBTAIN ALL SUCH PERMISSIONS AT
SELLER’S EXPENSE.
PRICE
IF THE PRICE IS NOT STATED ON THIS ORDER OR INCLUDED IN THE MASTER AGREEMENT
OR CORRESPONDING STATEMENT OF WORK, SELLER AGREES TO INVOICE AT LOWEST
PREVAILING MARKET PRICE.
QUALITY
IF APPLICABLE, SELLER SHALL OBTAIN FROM BUYER WRITTEN APPROVAL OF ALL
OFF-SPECIFICATIONS WORK MATERIALS ARE SUBJECT TO BUYER’S INSPECTION AND
APPROVAL WITHIN A REASONABLE TIME AFTER DELIVERY. IF SPECIFICATIONS ARE NOT
MET, OR SELLER IS OTHERWISE UNABLE TO PRODUCE THE DELIVERABLES AND/OR PERFORM
THE SERVICES OUTLINED IN THIS ORDER, ACCORDING TO SPECIFICATIONS AND TO
BUYER’S SATISFACTION, IN ADDITION TO OTHER REMEDIES AVAILABLE TO BUYER, AND
AT BUYER’S OPTION, MATERIAL MAY BE RETURNED AT SELLER’S EXPENSE AND RISK FOR
ALL DAMAGES INCIDENTAL TO THE REJECTION, OR BUYER MAY ACCEPT THE WORK AND
REDUCE THE ENTIRE PAYMENT DUE UNDER THIS ORDER SUBJECT TO NEGOTIATION.
PAYMENT SHALL NOT CONSTITUTE AN ACCEPTANCE OF THE MATERIAL NOR IMPAIR BUYER’S
RIGHT TO INSPECT OR ANY OF ITS REMEDIES.
QUANTITIES
THE SPECIFIC QUANTITY ORDERED MUST BE DELIVERED IN FULL AND NOT BE CHANGED
WITHOUT BUYER’S WRITTEN CONSENT.
TERMINATION
IN ADDITION TO ANY OTHER RIGHTS AVAILABLE TO BUYER, BUYER MAY TERMINATE THE
ORDER, IN WHOLE OR IN PART, FOR ITS CONVENIENCE BY NOTICE TO SELLER AT ANY
TIME PRIOR TO SHIPMENT BY SELLER.
SHIPMENT AND IMPORTATION
SHIPMENT OR DELIVERY OF GOODS OR ITEMS IN ACCEPTABLE FORM MUST BE MADE WITHIN
THE TIME STATED ON THIS ORDER, FAILING WHICH BUYER RESERVES THE RIGHT TO
CANCEL ALL OR ANY PART OF THIS ORDER, WITHOUT OBLIGATION TO SELLER. IF THE
PRODUCTS COVERED BY THIS ORDER ARE IMPORTED FROM OTHER COUNTRIES, SELLER WILL
BE RESPONSIBLE FOR ALL LEGAL, ADMINISTRATIVE AND REGULATORY REQUIREMENTS
ASSOCIATED THEREWITH AND THE PAYMENT OF ANY APPLICABLE DUES, TAXES AND FEES.
TAXES
SELLER AGREES TO PAY ANY TAXES IMPOSED BY LAW UPON OR ON ACCOUNT OF THE
MATERIAL ORDERED OR SERVICES PROVIDED HEREUNDER UNLESS OTHERWISE AGREED.
COMPLIANCE WITH LAWS AND REGULATIONS
SELLER AGREES AT ALL TIMES TO COMPLY WITH ALL APPLICABLE FEDERAL, FTATE AND
LOCAL LAWS, RULES AND REGULATIONS. TO THE EXTENT REQUIRED BY LAW, THE TERMS
OF ALL APPLICABLE LAWS AND REGULATIONS ARE INCORPORATED INTO THIS ORDER,
INCLUDING THE FOLLOWING, ALL OF WHICH HAVE THE SAME FORCE AND EFFECT AS IF
THEY WERE STATED IN THEIR FULL TEXT:
THE SELLER WARRANTS AND REPRESENTS THAT IT IS AN EQUAL OPPORTUNITIES EMPLOYER
UNDER ALL APPLICABLE LAWS AND REGULATIONS..
WAGES AND HOURS
SELLER WARRANTS AND REPRESENTS THAT IN THE PERFORMANCE OF THIS ORDER SELLER
HAS COMPLIED WITH ALL APPLICABLE LAWS AND REGULATIONS REGARDING THE (A)
PAYMENT OF MINIMUM WAGES AND/OR SALARIES TO ITS EMPLOYEES AND (B) DAYS AND
HOURS WHICH EMPLOYEES ARE PERMITTED TO WORK OR BE COMPELLED TO WORK INCLUDING
WITHOUT LIMITATION THE EUROPEAN WORKING TIME DIRECTIVE..
BRIBERY & CORRUPTION
THE SELLER WARRANTS AND REPRESENTS THAT NEITHER IT NOR ITS EMPLOYEES NOR
THOSE ACTING ON ITS BEHALF HAVE DONE OR OMITTED TO ANY ACT MATTER OR THING IN
NEGOTIATING OR OBTAINING THIS ORDER THAT ARE (OR WOULD IF THE SELLER WAS A
PERSON RESIDENT IN ENGLAND AND WALES) IN BREACH OF THE UNITED KINGDOM’S
BRIBERY ACT 2010.
SELLER LABOR ON PREMISES
IF THIS ORDER REQUIRES THE PERFORMANCE OF LABOR ON BUYER’S PREMISES THE
SELLER AGREES TO INDEMNIFY AND PROTECT BUYER AGAINST ALL LIABILITIES, CLAIMS
OR DEMANDS FOR INJURIES OR DAMAGES TO PERSON OR PROPERTY ARISING FROM THE
PERFORMANCE OF THIS ORDER.
WARRANTY FOR MATERIALS
IN ADDITION TO COMPLIANCE WITH ALL SPECIFICATIONS CONCERNING THIS ORDER,
SELLER EXPRESSLY WARRANTS THAT THE MATERIALS AND ARTICLES COVERED BY THIS
ORDER SHALL BE FREE FROM DEFECTS IN MATERIAL AND/OR WORKMANSHIP, AND SHALL BE
MERCHANTABLE. SUCH WARRANTY SHALL SURVIVE DELIVERY AND ACCEPTANCE.
INTELLECTUAL PROPERTY RIGHTS/WARRANTY
IF THIS ORDER IS FOR THE CREATION OF CONTENT FOR BUYER OR ANY PROVISION OF
SERVICES, SELLER GRANTS AND ASSIGNS TO BUYER ALL INTELLECTUAL PROPERTY RIGHTS
TO THE WORK PERFORMED OR CONTENT DEVELOPED HEREUNDER, UNLESS OTHERWISE
SPECIFIED. IF APPLICABLE, ANY MATERIALS CREATED HEREUNDER BY THE SELLER FOR
THE BUYER ARE WORK MADE FOR HIRE, UNLESS OTHERWISE SPECIFIED, PROVIDED THAT
IF ANY OF SUCH WORK CREATED FOR BUYER MAY NOT, BY OPERATION OF LAW, BE A WORK
MADE FOR HIRE, SELLER HEREBY ASSIGNS TO BUYER ALL OWNERSHIP RIGHTS,
INCLUDING, WITHOUT LIMITATION, COPYRIGHT TO SUCH WORK UNLESS OTHERWISE
EXPRESSLY AGREED IN WRITING BETWEEN BUYER AND SELLER AND SELLER WAIVES ALL
RIGHTS IN OR RELATING TO SUCH WORK INSOFAR AS SUCH RIGHTS CANNOT BE ASSIGNED
(INCLUDING WITHOUT LIMITATION MORAL RIGHTS) .
IF THIS ORDER IS FOR THE CREATION OF CONTENT FOR BUYER, THE SELLER WARRANTS
THAT THE MATERIALS DELIVERED HEREUNDER WILL CONTAIN NO MATERIAL (A) CREATED
OR DERIVED FROM OTHER COPYRIGHTED WORKS (B) CREATED OR AUTHORED AND DESIGNED
BY PERSONS WHO ARE NOT THE EMPLOYEES OF THE SELLER, WITHOUT THE WRITTEN
PERMISSION OF THE OWNER OF SUCH COPYRIGHTED MATERIAL. THE SELLER WILL OBTAIN
AT SELLER’S SOLE EXPENSE AND BEAR ALL COST FOR SUCH PERMISSION AND DELIVER
THEM IN WRITING TO BUYER ON OR BEFORE DELIVERY OF THE MATERIALS. THE SELLER
WARRANTS THAT THE WORK DOES NOT AND WILL NOT INFRINGE UPON ANY COPYRIGHT,
VIOLATE ANY PROPRIETARY RIGHTS, OR CONTAIN ANY LIBELOUS, INJURIOUS OR
UNLAWFUL MATTER. IN THE EVENT OF CLAIM, DEMAND OR SUIT AGAINST THE BUYER BY
REASON OF ANY VIOLATION OF PROPRIETARY RIGHT OR COPYRIGHT, OR BY REASON OF
ANY LIBELOUS, UNLAWFUL OR OTHERWISE INJURIOUS MATERIAL, CONTAINED IN THE
MATERIALS DELIVERED UNDER THIS ORDER, THE BUYER MAY TAKE ANY ACTION IT DEEMS
APPROPRIATE FOR THE RESOLUTION OF SUCH DISPUTE, AND UNLESS AND UNTIL SUCH
CLAIM, DEMAND, OR SUIT HAS BEEN FAVORABLY SETTLED OR WITHDRAWN, THE BUYER MAY
WITHHOLD ANY SUMS DUE THE SELLER UNDER THIS ORDER.
PAYMENT
UNLESS OTHERWISE AGREED IN WRITING, THE PAYMENT TERMS OF THIS ORDER ARE NET
60 DAYS AFTER THE LATER OF RECEIPT OF SELLER’S VALID INVOICE OR RECEIPT BY
BUYER OF ACCEPTABLE PRODUCTS, MATERIALS OR SERVICES. ALL INVOICES AGAINST
THIS ORDER NEED TO BE RECEIVED BY BUYER NO LATER THAN THIRTY (30) DAYS AFTER
THE PRODUCTS, MATERIALS AND/OR SERVICES COVERED BY THIS ORDER HAVE BEEN
FINALIZED OR DELIVERED. FAILURE TO SUBMIT BILLING DURING THIS TIME PERIOD OR
FAILURE TO NOTIFY BUYER, IN WRITING, ABOUT ANY OVERAGES, MAY REDUCE THE
AMOUNT PAID BY BUYER TOWARDS THE MATERIALS AND/OR SERVICES COVERED BY THIS
ORDER. BUYER WILL BE RELEASED FROM ANY OBLIGATION TO PAY SELLER ANY AMOUNTS
SET FORTH IN ANY INVOICES UNDER THIS ORDER RECEIVED BY BUYER LATER THAN
NINETY (90) DAYS AFTER THE MATERIALS AND/OR SERVICES COVERED BY THIS ORDER
HAVE BEEN FINALIZED OR DELIVERED.
LIMITATION OF LIABILITY
TO THE EXTENT PERMITTED BY LOCAL LAW, IN NO EVENT WILL BUYER BE LIABLE FOR
ANY LOST REVENUES, LOST PROFITS, INCIDENTAL, INDIRECT, CONSEQUENTIAL, SPECIAL
OR PUNITIVE DAMAGES. ANY LIMITATION OR EXCLUSION OF LIABILITY UNDER THIS
ORDER SHALL NOT LIMIT OR EXCLUDE ANY LIABILITY FOR (A) DEATH OR PERSONAL
INJURY AND/OR (B) FRAUD.
* Purchase Order Terms and Conditions
TERMS OF USE
--------------------------------------------------------------------------------
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| French | Hebrew | German | Italian | Japanese | Korean
| Portuguese | Russian | Spanish | Spanish - Mexican
PURCHASE ORDER TERMS CONDITIONS
STANDARD PURCHASE ORDER
TERMS AND CONDITIONS
ALL ORDERS BY S&P GLOBAL INC. A NEW YORK CORPORATION, WITH A PRINCIPLE PLACE
OF BUSINESS AT 55 WATER STREET, NEW YORK, NEW YORK 10041 (“S&P,” OR “BUYER")
ARE SUBJECT TO THE TERMS SET FORTH IN THIS PURCHASE ORDER ("ORDER") AND ANY
ATTACHMENTS HERETO. THIS ORDER IS BUYER'S OFFER TO SELLER AND IS NOT AN
ACCEPTANCE BY BUYER OF ANY OFFER TO SELL BY SELLER OR OF ANY TERMS AND
CONDITIONS CONTAINED IN ANY SUCH OFFER. ACCEPTANCE OF THIS OFFER BY SELLER
SHOULD BE MADE BY (A) EXECUTING AND RETURNING THE ASSOCIATED SOW, OR (B)
DELIVERING ANY OF THE GOODS ORDERED HEREIN OR (C) RENDERING ANY OF THE
SERVICES ORDERED HEREIN. ANY ADDITIONAL OR DIFFERENT TERMS PROPOSED BY SELLER
ARE OBJECTED TO AND REJECTED UNLESS EXPRESSLY ASSENTED TO IN WRITING BY
BUYER.
IF AS OF THE DATE OF THIS ORDER, A MASTER OR OTHER AGREEMENT BETWEEN SELLER
AND BUYER IS IN EFFECT ("MASTER AGREEMENT"), THIS ORDER AND SHALL BE GOVERNED
BY AND IS SUBJECT TO THE TERMS OF THAT MASTER AGREEMENT, AND IN THE EVENT OF
ANY INCONSISTENCY BETWEEN THIS ORDER AND THE MASTER AGREEMENT, THE TERMS OF
THE MASTER AGREEMENT SHALL SUPERSEDE ANY INCONSISTENT TERMS IN THIS ORDER. NO
MODIFICATIONS OR CHANGES TO THESE TERMS AND CONDITIONS WILL BE BINDING UPON
BUYER UNLESS MADE IN WRITING, AND SIGNED BY BUYER'S AUTHORIZED
REPRESENTATIVE. NOTICE IS HEREBY GIVEN THAT ANY ADDITIONAL OR DIFFERENT TERM
PROPOSED BY SELLER IS OBJECTED TO AND HEREBY REJECTED.
INVOICE AND PAYMENT
UNLESS OTHERWISE AGREED IN WRITING, THE PAYMENT TERMS OF THIS ORDER ARE NET
60 DAYS AFTER THE RECEIPT OF SELLER'S VALID INVOICE . ALL INVOICES AGAINST
THIS ORDER NEED TO BE RECEIVED BY BUYER NO LATER THAN THIRTY (30) DAYS AFTER
THE PRODUCTS, MATERIALS AND/OR SERVICES COVERED BY THIS ORDER HAVE BEEN
FINALIZED OR DELIVERED. FAILURE TO SUBMIT BILLING DURING THIS TIME PERIOD OR
FAILURE TO NOTIFY BUYER, IN WRITING, ABOUT ANY OVERAGES, MAY REDUCE THE
AMOUNT PAID BY BUYER TOWARDS THE MATERIALS AND/OR SERVICES COVERED BY THIS
ORDER. BUYER WILL BE RELEASED FROM ANY OBLIGATION TO PAY SELLER ANY AMOUNTS
SET FORTH IN ANY INVOICES UNDER THIS ORDER RECEIVED BY BUYER LATER THAN
NINETY (90) DAYS AFTER THE MATERIALS AND/OR SERVICES COVERED BY THIS ORDER
HAVE BEEN FINALIZED OR DELIVERED.
UNLESS OTHERWISE SPECIFIED ON THIS ORDER, NO INVOICE SHALL BE ISSUED PRIOR TO
SHIPMENT OF THE PRODUCTS, MATERIALS OR SERVICES AND NO PAYMENT SHALL BE MADE
PRIOR TO RECEIPT OF BOTH THE PRODUCTS, MATERIALS OR SERVICES AND A CORRECT
INVOICE
CANCELLATION
TIME IS OF THE ESSENCE IN THIS ORDER. BUYER RESERVES THE RIGHT TO CANCEL THIS
ORDER, OR ANY PORTION OF THIS ORDER, WITHOUT LIABILITY, IF: (1) DELIVERY IS
NOT MADE WHEN AND AS SPECIFIED; (B) SELLER FAILS TO MEET CONTRACT COMMITMENTS
AS TO EXACT TIME, PRICE, QUALITY OR QUANTITY; (C) SELLER CEASES TO CONDUCT
ITS OPERATION IN THE NORMAL COURSE OF BUSINESS; (D) SELLER IS UNABLE TO MEET
ITS OBLIGATIONS AS THEY MATURE; (E) PROCEEDINGS ARE INSTITUTED AGAINST SELLER
UNDER THE BANKRUPTCY LAWS OR ANY OTHER LAWS RELATING TO THE RELIEF OF
CREDITORS; (F) A RECEIVER IS APPOINTED OR APPLIED FOR BY SELLER; OR (G) ANY
ASSIGNMENT IS MADE BY SELLER FOR THE BENEFIT OF CREDITORS. BUYER MAY
TERMINATE ALL OR ANY PART OF THIS ORDER FOR CONVENIENCE AT ANY TIME BY
WRITTEN NOTICE TO SELLER. UPON SUCH TERMINATION, BUYER'S LIABILITY WILL BE
LIMITED TO REASONABLE TERMINATION CHARGES MUTUALLY AGREED BY SELLER AND
BUYER, PROVIDED THAT SELLER MUST SPECIFY ANY PROPOSED CHARGES IN WRITING
WITHIN FIFTEEN (15) DAYS AFTER TERMINATION. THIS ORDER SHALL TERMINATE
AUTOMATICALLY, WITHOUT NOTICE, IF SELLER BECOMES INSOLVENT OR THE SUBJECT OF
ANY PROCEEDING UNDER THE LAWS RELATING TO BANKRUPTCY OR THE RELIEF OF
DEBTORS.
WARRANTY
SELLER EXPRESSLY WARRANTS THAT ALL GOODS OR SERVICES FURNISHED UNDER THIS
ORDER SHALL CONFORM TO ALL SPECIFICATIONS AND APPROPRIATE STANDARDS, WILL BE
NEW, AND WILL BE FREE FROM DEFECTS IN MATERIAL OR WORKMANSHIP. SELLER
WARRANTS THAT ALL SUCH GOODS OR SERVICES WILL CONFORM TO ANY STATEMENTS MADE
ON THE CONTAINERS OR LABELS OR ADVERTISEMENTS FOR SUCH GOODS, OR SERVICES,
AND THAT ANY GOODS WILL BE ADEQUATELY CONTAINED, PACKAGED, MARKED AND
LABELED. SELLER WARRANTS THAT ALL GOODS OR SERVICES FURNISHED HEREUNDER WILL
BE MERCHANTABLE, AND WILL BE SAFE AND APPROPRIATE FOR THE PURPOSE FOR WHICH
GOODS OR SERVICES OF THAT KIND ARE NORMALLY USED. IF SELLER KNOWS OR HAS
REASON TO KNOW THE PARTICULAR PURPOSE FOR WHICH BUYER INTENDS TO USE THE
GOODS OR SERVICES, SELLER WARRANTS THAT SUCH GOODS OR SERVICES WILL BE FIT
FOR SUCH PARTICULAR PURPOSE. SELLER WARRANTS THAT GOODS OR SERVICES FURNISHED
WILL CONFORM IN ALL RESPECTS TO SAMPLES. INSPECTION, TEST, ACCEPTANCE OR USE
OF THE GOODS OR SERVICES FURNISHED HEREUNDER SHALL NOT AFFECT THE SELLER'S
OBLIGATION UNDER THIS WARRANTY, AND SUCH WARRANTIES SHALL SURVIVE INSPECTION,
TEST, ACCEPTANCE AND USE. SELLER'S WARRANTY SHALL RUN TO BUYER, ITS
SUCCESSORS, ASSIGNS AND CUSTOMERS, AND USERS OF GOODS SOLD BY BUYER. SELLER
AGREES TO REPLACE OR CORRECT DEFECTS OF ANY GOODS OR SERVICES NOT CONFORMING
TO THE FOREGOING WARRANTY PROMPTLY, WITHOUT EXPENSE TO BUYER, WHEN NOTIFIED
OF SUCH NONCONFORMITY BY BUYER, PROVIDED BUYER ELECTS TO PROVIDE SELLER WITH
THE OPPORTUNITY TO DO SO. IN THE EVENT OF FAILURE OF SELLER TO CORRECT
DEFECTS IN OR REPLACE NONCONFORMING GOODS OR SERVICES PROMPTLY, BUYER, AFTER
REASONABLE NOTICE TO SELLER, MAY MAKE SUCH CORRECTIONS OR REPLACE SUCH GOODS
AND SERVICES AND CHARGE SELLER FOR THE COST INCURRED BY BUYER IN DOING SO.
FORCE MAJURE
BUYER MAY DELAY DELIVERY OR ACCEPTANCE OCCASIONED BY CAUSES BEYOND ITS
CONTROL. SELLER SHALL HOLD SUCH GOODS AT THE DIRECTION OF THE BUYER AND SHALL
DELIVER THEM WHEN THE CAUSE AFFECTING THE DELAY HAS BEEN REMOVED. BUYER SHALL
BE RESPONSIBLE ONLY FOR SELLER'S DIRECT ADDITIONAL COSTS IN HOLDING THE GOODS
OR DELAYING PERFORMANCE OF THIS AGREEMENT AT BUYER'S REQUEST. CAUSES BEYOND
BUYER'S CONTROL SHALL INCLUDE GOVERNMENTAL ACTION OR FAILURE OF THE
GOVERNMENT TO ACT WHERE SUCH ACTION IS REQUIRED, STRIKE OR OTHER LABOR
TROUBLE, FIRE, TERRORIST EVENT, PANDEMIC OR UNUSUALLY SEVERE WEATHER.
ASSIGNMENTS
NO ASSIGNMENT OF ANY RIGHTS, INCLUDING RIGHTS TO MONEY DUE OR TO BECOME DUE
HEREUNDER, OR DELEGATION OF ANY DUTIES UNDER THIS ORDER SHALL BE BINDING UPON
BUYER UNTIL ITS WRITTEN CONSENT HAS BEEN OBTAINED. NO PART OF THIS ORDER MAY
BE ASSIGNED OR SUBCONTRACTED WITHOUT THE PRIOR WRITTEN APPROVAL OF BUYER.
INSPECTION/TESTING
PAYMENT FOR THE GOODS DELIVERED HEREUNDER SHALL NOT CONSTITUTE ACCEPTANCE
THEREOF. BUYER SHALL HAVE THE RIGHT TO INSPECT SUCH GOODS AND TO REJECT ANY
OR ALL OF SAID GOODS THAT ARE IN BUYER'S JUDGMENT DEFECTIVE OR NONCONFORMING.
GOODS REJECTED AND GOODS SUPPLIED IN EXCESS OF QUANTITIES CALLED FOR HEREIN
MAY BE RETURNED TO SELLER AT ITS EXPENSE AND, IN ADDITION TO BUYER'S OTHER
RIGHTS, BUYER MAY CHARGE SELLER ALL EXPENSES OF UNPACKING, EXAMINING,
REPACKING, AND RESHIPPING SUCH GOODS. IN THE EVENT BUYER RECEIVES GOODS WHOSE
DEFECTS OR NONCONFORMITY IS NOT APPARENT ON EXAMINATION, BUYER RESERVES THE
RIGHT TO REQUIRE REPLACEMENT, AS WELL AS PAYMENT OF DAMAGES. NOTHING
CONTAINED IN THIS PURCHASE ORDER SHALL RELIEVE IN ANY WAY THE SELLER FROM THE
OBLIGATION OF TESTING, INSPECTION AND QUALITY CONTROL.
ADVANCE SHIPPING NOTICE
DEFINITION:
ADVANCED SHIPPING NOTICE (ASN): DETAILED SHIPMENT INFORMATION TRANSMITTED IN
ADVANCE OF DELIVERY, DESIGNATING THE CONTENTS, SERIAL NUMBERS OR IN THE CASE
OF SOFTWARE, LICENSE ENTITLEMENT INFORMATION AS WELL AS INDIVIDUAL PRODUCTS
AND QUANTITIES OF EACH AND NATURE OF THE SHIPMENT.
SELLER AGREES TO PROVIDE TO BUYER AN ADVANCE SHIPPING NOTICE (ASN) PRIOR TO
THE RELEASE OF ANY SHIPMENT TO BUYER FOR PURPOSES OF BUYER’S ASSET MANAGEMENT
PROTOCOLS. SELLER AGREES TO EMAIL THE ASN TO SPGI_ASSET@SPGLOBAL.COM NO LATER
THAN THREE (3) BUSINESS DAYS PRIOR TO THE ACTUAL SHIPMENT. IF SELLER IS USING
A DISTRIBUTION CHANNEL TO DELIVERY THEIR GOODS TO BUYER, SELLER IS
ACCOUNTABLE TO ENSURE THE ASN IS DELIVERED TO BUYER BY THE DISTRIBUTION
PARTNER OF RECORD.
INDEMNIFICATION
SELLER SHALL DEFEND, INDEMNIFY AND HOLD HARMLESS BUYER AGAINST ALL DAMAGES,
CLAIMS OR LIABILITIES AND EXPENSES (INCLUDING ATTORNEY'S FEES) ARISING OUT OF
OR RESULTING IN ANY WAY FROM ANY DEFECT IN THE GOODS OR SERVICES PURCHASED
HEREUNDER, ANY BREACH OF THE TERMS AND CONDITIONS OF THIS ORDER, OR FROM ANY
ACT OR OMISSION OF SELLER, ITS AGENTS, EMPLOYEES OR SUBCONTRACTORS. THIS
INDEMNIFICATION SHALL BE IN ADDITION TO THE WARRANTY OBLIGATIONS OF SELLER.
INSURANCE
IN THE EVENT THAT SELLER'S OBLIGATIONS HEREUNDER REQUIRE OR CONTEMPLATE
PERFORMANCE OF SERVICES BY SELLER'S EMPLOYEES, OR PERSONS UNDER CONTRACT TO
SELLER, TO BE DONE ON BUYER'S PROPERTY, OR PROPERTY OF BUYER'S CUSTOMERS, THE
SELLER AGREES THAT ALL SUCH WORK SHALL BE DONE AS AN INDEPENDENT CONTRACTOR
AND THAT THE PERSONS DOING SUCH WORK SHALL NOT BE CONSIDERED EMPLOYEES OF THE
BUYER. SELLER SHALL MAINTAIN ALL NECESSARY INSURANCE COVERAGES, INCLUDING
PUBLIC LIABILITY AND WORKMAN'S COMPENSATION INSURANCE. SELLER SHALL INDEMNIFY
AND SAVE HARMLESS AND DEFEND BUYER FROM ANY AND ALL CLAIMS OR LIABILITIES
ARISING OUT OF THE WORK COVERED BY THIS PARAGRAPH.
CONFIDENTIAL OR PROPRIETARY INFORMATION
NOTWITHSTANDING ANY DOCUMENT MARKING TO THE CONTRARY, ANY KNOWLEDGE OR
INFORMATION THAT THE SELLER HAS DISCLOSED OR MAY LATER DISCLOSE TO BUYER, AND
WHICH IN ANY WAY RELATES TO THE GOODS OR SERVICES COVERED BY THIS ORDER WILL
NOT, UNLESS OTHERWISE SPECIFICALLY AGREED TO IN WRITING BY BUYER, BE DEEMED
TO BE CONFIDENTIAL OR PROPRIETARY INFORMATION, AND WILL BE ACQUIRED BY BUYER,
FREE FROM ANY RESTRICTIONS. SELLER WILL NOT TRANSMIT TO BUYER ANY SENSITIVE
PERSONAL INFORMATION, INCLUDING, BUT NOT LIMITED TO, IDENTIFIED HEALTH
INFORMATION, FINANCIAL INFORMATION, SOCIAL SECURITY NUMBERS, BIOMETRICS OR
OTHER PERSONALLY IDENTIFIED OR IDENTIFIABLE INFORMATION OF LIKE SENSITIVITY.
SELLER WILL KEEP CONFIDENTIAL ANY TECHNICAL, PROCESS, ECONOMIC, OR OTHER
INFORMATION DERIVED FROM DRAWINGS, SPECIFICATIONS AND OTHER DATA FURNISHED BY
BUYER IN CONNECTION WITH THIS ORDER (IN WHATEVER FORM OR FORMAT) AND WILL NOT
DIVULGE, EXPORT, OR USE, DIRECTLY OR INDIRECTLY, SUCH INFORMATION FOR THE
BENEFIT OF ANY OTHER PARTY WITHOUT OBTAINING BUYER'S PRIOR WRITTEN CONSENT.
EXCEPT AS REQUIRED FOR THE EFFICIENT PERFORMANCE OF THIS ORDER, SELLER WILL
NOT USE SUCH INFORMATION OR MAKE COPIES OR PERMIT COPIES TO BE MADE OF SUCH
DRAWINGS, SPECIFICATIONS, OR OTHER DATA WITHOUT THE PRIOR WRITTEN CONSENT OF
BUYER. IF ANY REPRODUCTION IS MADE WITH PRIOR CONSENT, THIS NOTICE WILL BE
PROVIDED. UPON COMPLETION OR TERMINATION OF THIS ORDER, SELLER WILL PROMPTLY
RETURN TO BUYER ALL MATERIALS INCORPORATING ANY SUCH INFORMATION AND ANY
COPIES, EXCEPT FOR ONE RECORD COPY. SELLER AGREES THAT NO ACKNOWLEDGMENT OR
OTHER INFORMATION CONCERNING THIS ORDER AND THE GOODS OR SERVICES PROVIDED
WILL BE MADE PUBLIC BY SELLER WITHOUT THE PRIOR WRITTEN AGREEMENT OF BUYER.
WORK ON BUYER'S PREMISES
IF SELLER'S WORK UNDER THIS ORDER REQUIRES SELLER TO BE ON THE PREMISES OF
BUYER OR AT BUYER’S DIRECTION, SELLER WILL TAKE ALL NECESSARY PRECAUTIONS TO
PREVENT ANY INJURY TO PERSONS OR DAMAGE TO PROPERTY, INCLUDING FOLLOWING ANY
RULES, PROCEDURES OR OTHER REQUIREMENTS OF BUYER.
COMPLIANCE WITH LAWS AND REGULATIONS
SELLER'S PERFORMANCE OF THE SERVICES SHALL AT ALL TIMES BE IN COMPLIANCE WITH
APPLICABLE LAW, STATUTE, RULE OR REGULATION (“LAW”) AND ANY APPLICABLE
COMPLIANCE REGULATION (AS DEFINED BELOW), INCLUDING THE LAWS REGARDING DATA
PROTECTION AND DATA PRIVACY, INCLUDING THE GENERAL DATA PROTECTION REGULATION
(EU) 2016/679 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 27 APRIL 2016,
AS AMENDED, OR ANY OTHER SIMILAR LAWS IN ANY OTHER COUNTRY, AS AMENDED OR
REPLACED FROM TIME TO TIME. SELLER SHALL MONITOR, AT ITS OWN COST AND
EXPENSE, CHANGES IN APPLICABLE LAW AND COMPLIANCE REGULATIONS THAT MAY AFFECT
SELLER'S PROVISION OF THE SERVICES AND SHALL MODIFY ITS SERVICES AS NECESSARY
TO REMAIN IN COMPLIANCE WITH LAW AND COMPLIANCE REGULATIONS. IF S&P
IDENTIFIES ANY NON-COMPLIANCE WITH LAW OR COMPLIANCE REGULATION OR DETERMINES
THAT A PARTICULAR CHANGE IN LAW OR COMPLIANCE REGULATION WILL REQUIRE A
CHANGE OR MODIFICATION OF THE SERVICES, S&P SHALL NOTIFY SELLER AND SELLER
WILL COOPERATE WITH S&P TO MODIFY THE SERVICES WITHIN A REASONABLE TIME
PERIOD TO COMPLY WITH SUCH LAW OR COMPLIANCE REGULATION. IN THE EVENT CHANGES
IN LAWS OR COMPLIANCE REGULATIONS PREVENT OR IMPAIR SELLER FROM DELIVERING
THE SERVICES UNDER AN APPLICABLE SOW, SELLER SHALL USE COMMERCIALLY
REASONABLE EFFORTS TO DEVELOP AND, UPON S&P'S APPROVAL (SUCH APPROVAL NOT TO
BE UNREASONABLY WITHHELD), IMPLEMENT A SUITABLE WORK-AROUND UNTIL SUCH TIME
AS SELLER CAN PERFORM THE SERVICES UNDER SUCH SOW WITHOUT SUCH WORK-AROUND.
THIS CONTRACTOR AND SUBCONTRACTOR SHALL ABIDE BY THE REQUIREMENTS OF 41 CFR
60–1.4(A), 60–300.5(A) AND 60–741.5(A). THESE REGULATIONS PROHIBIT
DISCRIMINATION AGAINST QUALIFIED INDIVIDUALS BASED ON THEIR STATUS AS
PROTECTED VETERANS OR INDIVIDUALS WITH DISABILITIES AND PROHIBIT
DISCRIMINATION AGAINST ALL INDIVIDUALS BASED ON THEIR RACE, COLOR, RELIGION,
SEX, SEXUAL ORIENTATION, GENDER IDENTITY OR NATIONAL ORIGIN. MOREOVER, THESE
REGULATIONS REQUIRE THAT COVERED PRIME CONTRACTORS AND SUBCONTRACTORS TAKE
AFFIRMATIVE ACTION TO EMPLOY AND ADVANCE IN EMPLOYMENT INDIVIDUALS WITHOUT
REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY,
NATIONAL ORIGIN, DISABILITY OR VETERAN STATUS.
A “COMPLIANCE REGULATION” MEANS ANY LAW APPLICABLE TO BUYER OR SELLER
RELATING TO MONEY LAUNDERING OR TERRORIST FINANCING, INCLUDING CURRENCY
TRANSACTION REPORTING AND CURRENCY TRANSACTION LIMITS; THE OECD CONVENTION ON
COMBATING BRIBERY OF FOREIGN PUBLIC OFFICIALS IN INTERNATIONAL BUSINESS
TRANSACTIONS, 1997 (THE “OECD CONVENTION”); THE FOREIGN CORRUPT PRACTICES ACT
OF 1977 OF THE UNITED STATES OF AMERICA, AS AMENDED OR SUPPLEMENTED (“THE
FCPA”); THE BRIBERY ACT 2010 OF THE UNITED KINGDOM, AS AMENDED OR
SUPPLEMENTED (THE "BRIBERY ACT"); AND ANY OTHER LAW APPLICABLE TO SUCH PARTY
WHICH IS SUBSTANTIALLY EQUIVALENT TO THE FCPA OR THE BRIBERY ACT OR WAS
INTENDED TO ENACT THE PROVISIONS OF THE OECD CONVENTION AND/OR OTHER ECONOMIC
SANCTIONS ADMINISTERED OR ENFORCED BY ANY OTHER RELEVANT SANCTIONS AUTHORITY
HAVING JURISDICTION OVER A PARTY.
SEVERABILITY/SURVIVAL
SHOULD ANY PROVISION OF THESE GENERAL TERMS AND CONDITIONS OR ANY PURCHASE
ORDER ISSUED HEREUNDER OR ANY REMEDY PROVIDED FOR HEREIN BE HELD INVALID OR
UNENFORCEABLE BY ANY COURT OR ARBITRATION PANEL OF COMPETENT JURISDICTION,
THE REMAINING PROVISIONS AND REMEDIES SHALL REMAIN IN FULL FORCE AND EFFECT.
ANY PROVISION OF THESE GENERAL TERMS AND CONDITIONS OR ANY PURCHASE ORDER
WHICH, BY ITS NATURE, WOULD SURVIVE TERMINATION OR EXPIRATION OF THESE
GENERAL TERMS AND CONDITIONS OR SUCH PURCHASE ORDER WILL SURVIVE ANY SUCH
TERMINATION OR EXPIRATION OF THIS AGREEMENT.
SUBCONTRACTING
CONSULTANT SHALL NOT SUBCONTRACT OR DELEGATE ANY OF ITS OBLIGATIONS HEREUNDER
TO ANY THIRD PARTY WITHOUT S&P’S PRIOR WRITTEN CONSENT. IN THE EVENT THAT S&P
APPROVES ANY SUCH SUBCONTRACTING, CONSULTANT SHALL REMAIN LIABLE FOR ALL OF
ITS OBLIGATIONS HEREUNDER AND UNDER ANY SOW AND SHALL BE LIABLE FOR THE ACTS
AND OMISSIONS OF ANY SUBCONTRACTOR. FURTHER, CONSULTANT SHALL ENSURE THAT ALL
SUB-CONTRACTORS HAVE BEEN ADVISED OF THE TERMS OF THIS AGREEMENT AND HAVE
AGREED IN WRITING TO COMPLY WITH SAME. S&P SHALL HAVE THE RIGHT AT ANY TIME
TO IMMEDIATELY REQUIRE THAT CONSULTANT TERMINATE OR REMOVE ANY THIRD PARTY
SUBCONTRACTORS FROM PROVIDING THE SERVICES WITHOUT ANY PENALTY OR COST TO S&P
IF S&P REASONABLY BELIEVES SUCH THIRD PARTY’S ACTS OR OMISSIONS ARE OR MAY
CAUSE HARM TO S&P.
* Purchase Order Terms and Conditions - French (Français)
TERMS OF USE
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BON DE COMMANDE STANDARD CONDITIONS GÉNÉRALES
TOUTES LES COMMANDES PASSÉES PAR S&P GLOBAL INC., UNE SOCIÉTÉ NEW-YORKAISE,
DONT LE SIÈGE PRINCIPAL EST 55 WATER STREET, NEW YORK, NEW YORK 10041
(CI-APRÈS, « S&P » « ACHETEUR ») SONT ASSUJETTIES AUX CONDITIONS ÉNONCÉES
DANS LE PRÉSENT BON DE COMMANDE (CI-APRÈS, « COMMANDE ») AINSI QU'À TOUTE
PIÈCE JOINTE AUX PRÉSENTES. A MOINS QUE L'ACHETEUR ET LE VENDEUR N'EN SOIT
CONVENU AUTREMENT PAR ÉCRIT, ET EU ÉGARD AUX CONDITIONS GÉNÉRALES DE VENTE DU
VENDEUR, TOUTE COMMANDE ACCEPTÉE PAR LE VENDEUR IMPLIQUE L'APPLICATION DES
PRÉSENTES CONDITIONS GÉNÉRALES DE L'ACHETEUR. LE VENDEUR DOIT ACCEPTER CETTE
OFFRE PAR (A) L'EXÉCUTION DE LA COMMANDE ASSOCIÉE, OU (B) LA LIVRAISON DE
L'UNE DES BIENS COMMANDÉES AUX PRÉSENTES, OU (C) LA FOURNITURE DES SERVICES
COMMANDÉS AUX PRÉSENTES.
SI, À LA DATE DE LA PRÉSENTE COMMANDE, UN CONTRAT-CADRE OU AUTRE ACCORD ENTRE
LE VENDEUR ET L'ACHETEUR EST EN VIGUEUR (CI-APRÈS, « CONTRAT-CADRE »), CETTE
COMMANDE SERA RÉGIE PAR LES CONDITIONS DE CE CONTRAT-CADRE ET SERA SUJETTE À
CELLES-CI. EN CAS DE CONTRADICTION ENTRE CETTE COMMANDE ET LE CONTRAT-CADRE,
LES TERMES DU CONTRAT-CADRE REMPLACERONT TOUTES LES DISPOSITIONS
CONTRADICTOIRES DE LA PRÉSENTE COMMANDE. AUCUNE MODIFICATION OU CHANGEMENT DE
CES CONDITIONS GÉNÉRALES NE LIERA L'ACHETEUR À MOINS D'ÊTRE FAIT PAR ÉCRIT ET
SIGNÉ PAR LE REPRÉSENTANT AUTORISÉ DE L'ACHETEUR.
FACTURATION ET PAIEMENT
SAUF ACCORD ÉCRIT CONTRAIRE, LES CONDITIONS DE PAIEMENT DE LA COMMANDE SONT
DE SOIXANTE (60) JOURS NETS À COMPTER DE LA DATE D'ÉMISSION DE LA FACTURE
VALIDE DU VENDEUR.TOUTES LES FACTURES RELATIVES À CETTE COMMANDE DOIVENT ÊTRE
REÇUES PAR L'ACHETEUR DÈS LA RÉALISATION DE LA VENTE OU LA PRESTATION DU
SERVICE. EN CAS DE RETARD DE PAIEMENT, DES PÉNALITÉS DE RETARD CORRESPONDANT
À UN TAUX D'INTÉRÊT ÉGAL À TROIS FOIS LE TAUX D'INTÉRÊT LÉGAL EN VIGUEUR
SERONT DUES AU CRÉANCIER, AINSI QU'E UNE INDEMNITÉ FORFAITAIRE D'UN MONTANT
DE 40 EUROS POUR FRAIS DE RECOUVREMENT.
SAUF INDICATION CONTRAIRE SUR CETTE COMMANDE, AUCUNE FACTURE NE SERA ÉMISE
AVANT L'EXPÉDITION DES PRODUITS, MATÉRIELS OU LA RÉALISATION DES SERVICES, ET
AUCUN PAIEMENT NE SERA EFFECTUÉ AVANT LA RÉCEPTION DES PRODUITS, MATÉRIELS OU
SERVICES, AINSI QU'UNE FACTURE CORRECTE. CES FACTURES DOIVENT COMPORTER
TOUTES LES MENTIONS OBLIGATOIRES PRÉVUES À L'ARTICLE L. 441-3 DU CODE DE
COMMERCE FRANÇAIS.
ANNULATION
L'EXÉCUTION DE CETTE COMMANDE EST SOUMISE À DES DÉLAIS STRICTS. L'ACHETEUR SE
RÉSERVE LE DROIT D'ANNULER TOUT OU PARTIE DE CETTE COMMANDE, SANS ENGAGER SA
RESPONSABILITÉ, SI, SAUF CAS DE FORCE MAJEURE : (A) LA LIVRAISON N'EST PAS
EFFECTUÉE AU MOMENT SPÉCIFIÉ ET DE LA MANIÈRE SPÉCIFIÉE ; (B) LE VENDEUR NE
RESPECTE PAS LES ENGAGEMENTS CONTRACTUELS QUANT AU DÉLAI, AU PRIX, LA QUALITÉ
OU LA QUANTITÉ EXACTE ; (C) LE VENDEUR CESSE D'EXERCER SES ACTIVITÉS DANS LE
COURS NORMAL DES AFFAIRES ; (D) LE VENDEUR N'EST PAS EN MESURE DE REMPLIR SES
OBLIGATIONS À LEUR ÉCHÉANCE. L'ACHETEUR PEUT METTRE FIN EN TOUT OU PARTIE À
CETTE COMMANDE À TOUT MOMENT POUR DES RAISONS DE COMMODITÉ EN ADRESSANT UNE
NOTIFICATION ÉCRITE AU VENDEUR. DANS LE CAS D'UNE TELLE RÉSILIATION, LA
RESPONSABILITÉ DE L'ACHETEUR SERA LIMITÉE AUX FRAIS DE RÉSILIATION
RAISONNABLEMENT ENGAGÉS PAR LE VENDEUR À LA DATE DE RÉSILIATION TELS QUE
CONVENUS D'UN COMMUN ACCORD ENTRE LE VENDEUR ET L'ACHETEUR, À CONDITION QUE
LE VENDEUR PRÉCISE PAR ÉCRIT TOUS LES FRAIS PROPOSÉS DANS LES QUINZE (15)
JOURS SUIVANT LA RÉSILIATION.
GARANTIE
LE VENDEUR GARANTIT EXPRESSÉMENT QUE TOUS LES BIENS OU SERVICES FOURNIS DANS
LE CADRE DU PRÉSENT CONTRAT SERONT CONFORMES À TOUTES LES SPÉCIFICATIONS ET
NORMES APPROPRIÉES, QU'ILS SERONT NEUFS ET QU'ILS SERONT EXEMPTS DE DÉFAUTS
DE MATÉRIAUX OU DE FABRICATION. LE VENDEUR GARANTIT QUE TOUS CES BIENS OU
SERVICES SERONT CONFORMES À TOUTE DÉCLARATION FIGURANT SUR LES CONTENANTS,
LES ÉTIQUETTES OU LES PUBLICITÉS POUR CES BIENS OU SERVICES, ET QUE LES BIENS
SERONT CONVENABLEMENT CONDITIONNÉS, EMBALLÉS, MARQUÉS ET ÉTIQUETÉS. LE
VENDEUR GARANTIT QUE TOUS LES BIENS OU SERVICES FOURNIS EN VERTU DES
PRÉSENTES SERONT COMMERCIALISABLES, SANS DANGER ET APPROPRIÉS POUR L'USAGE
AUQUEL LES BIENS OU SERVICES DE CE TYPE SONT NORMALEMENT UTILISÉS. SI LE
VENDEUR SAIT OU A DES RAISONS DE SAVOIR À QUELLE FIN PARTICULIÈRE L'ACHETEUR
À L'INTENTION D'UTILISER LES BIENS OU LES SERVICES, IL GARANTIT QUE CES BIENS
OU SERVICES SERONT ADAPTÉS À CETTE FIN PARTICULIÈRE. LE VENDEUR GARANTIT QUE
LES BIENS OU SERVICES FOURNIS SERONT CONFORMES À TOUS ÉGARDS AUX
ÉCHANTILLONS. L'INSPECTION, L'ESSAI, L'ACCEPTATION OU L'UTILISATION DES BIENS
OU DES SERVICES FOURNIS DANS LE CADRE DES PRÉSENTES SONT SANS INCIDENCE SUR
LES OBLIGATIONS DU VENDEUR DÉCOULANT DE LA PRÉSENTE GARANTIE, ET CES
GARANTIES RESTERONT EN VIGUEUR APRÈS L'INSPECTION, L'ESSAI, L'ACCEPTATION ET
L'UTILISATION DES BIENS OU SERVICES. LA GARANTIE DU VENDEUR S'APPLIQUE À
L'ACHETEUR, SES SUCCESSEURS, SES AYANTS-DROIT, SES CLIENTS ET LES
UTILISATEURS DES BIENS VENDUS PAR L'ACHETEUR. LE VENDEUR S'ENGAGE À REMPLACER
OU À CORRIGER LES DÉFAUTS DE TOUT BIEN OU SERVICE NON CONFORME À LA GARANTIE
SUSMENTIONNÉE ET CE SANS DÉLAI ET SANS FRAIS POUR L'ACHETEUR, DÈS LORS QUE
L'ACHETEUR NOTIFIE CETTE NON-CONFORMITÉ AU VENDEUR, À CONDITION QUE
L'ACHETEUR CHOISISSE DE DONNER AU VENDEUR L'OCCASION DE LE FAIRE. SI LE
VENDEUR NE CORRIGE PAS LES DÉFAUTS OU NE REMPLACE PAS LES BIENS OU LES
SERVICES NON CONFORMES RAPIDEMENT, L’ACHETEUR PEUT, APRÈS AVOIR DONNÉ UN
PRÉAVIS RAISONNABLE AU VENDEUR, EFFECTUER DE TELLES CORRECTIONS OU REMPLACER
CES BIENS ET SERVICES, ET FACTURER AU VENDEUR LES FRAIS ENGAGÉS PAR
L'ACHETEUR À CET EFFET.
FORCE MAJEURE
LES PARTIES PEUVENT RETARDER LA LIVRAISON OU LA RÉCEPTION POUR DES RAISONS
INDÉPENDANTES DE LEUR VOLONTÉ. LE VENDEUR DOIT CONSERVER CES BIENS À LA
DEMANDE DE L’ACHETEUR ET LES NE LES LIVRER QUE LORSQUE LA CAUSE AYANT
ENTRAÎNÉ LE RETARD AURA DISPARU. L'ACHETEUR NE SERA RESPONSABLE QUE DES FRAIS
SUPPLÉMENTAIRES DIRECTS SUBIS PAR LE VENDEUR ET LIÉS À LA DÉTENTION DES BIENS
OU AU REPORT DE L'EXÉCUTION DU PRÉSENT CONTRAT DEMANDÉ PAR L'ACHETEUR. LES
CAUSES INDÉPENDANTES DE LA VOLONTÉ DES PARTIES COMPRENDRONT L'ACTION OU
L'INACTION DU GOUVERNEMENT LORSQU'UNE TELLE ACTION EST NÉCESSAIRE, UNE GRÈVE
OU TOUT AUTRE PROBLÈME LIÉ AU TRAVAIL, UN INCENDIE OU DES CONDITIONS
MÉTÉOROLOGIQUES EXCEPTIONNELLEMENT EXTRÊMES.
CESSIONS
AUCUNE CESSION DE DROITS, NI AUCUNE DÉLÉGATION D'OBLIGATION EN VERTU DE LA
PRÉSENTE COMMANDE NE LIERA L'ACHETEUR TANT QUE SON CONSENTEMENT ÉCRIT N'AURA
PAS ÉTÉ OBTENU.AUCUNE PARTIE DE CETTE COMMANDE NE PEUT ÊTRE CÉDÉE OU
SOUS-TRAITÉE SANS L'ACCORD ÉCRIT PRÉALABLE DE L'ACHETEUR.
INSPECTION/ESSAI
LE PAIEMENT DES BIENS LIVRÉS EN VERTU DES PRÉSENTES NE CONSTITUE PAS LEUR
ACCEPTATION. L'ACHETEUR AURA LE DROIT D'INSPECTER CES BIENS ET DE REFUSER
TOUT OU PARTIE DESDITS BIENS QUI SONT, SELON SON APPRÉCIATION, DÉFECTUEUX OU
NON CONFORMES. APRÈS VÉRIFICATION DU VENDEUR, LES BIENS REFUSÉS ET LES BIENS
FOURNIS EN EXCÈS DES QUANTITÉS DEMANDÉES DANS LES PRÉSENTES PEUVENT ÊTRE
RENVOYÉS AU VENDEUR À SES FRAIS ET, OUTRE LES AUTRES DROITS DE L'ACHETEUR, CE
DERNIER PEUT FACTURER AU VENDEUR TOUS LES FRAIS DE DÉBALLAGE, D'EXAMEN, DE
RECONDITIONNEMENT ET DE RÉEXPÉDITION DE CES BIENS. DANS LE CAS OÙ L'ACHETEUR
REÇOIT DES BIENS DONT LES DÉFAUTS OU LA NON-CONFORMITÉ NE SONT PAS APPARENTS
LORS DE LA VÉRIFICATION, IL SE RÉSERVE LE DROIT D'EXIGER LE REMPLACEMENT
AINSI QUE LE PAIEMENT DE DOMMAGES ET INTÉRÊTS. RIEN DANS LE PRÉSENT BON DE
COMMANDE NE DISPENSE LE VENDEUR DE L'OBLIGATION DE TEST, D'INSPECTION ET DE
CONTRÔLE DE QUALITÉ.
INDEMNISATION
LE VENDEUR DÉFENDRA, INDEMNISERA ET GARANTIRA L’ACHETEUR CONTRE TOUT DOMMAGE,
POURSUITE OU RESPONSABILITÉ ET DÉPENSES (Y COMPRIS LES FRAIS D'AVOCAT)
DÉCOULANT OU RÉSULTANT DE QUELQUE MANIÈRE QUE CE SOIT DE TOUT DÉFAUT DES
BIENS OU SERVICES ACHETÉS EN VERTU DES PRÉSENTES, DE TOUTE VIOLATION DES
CONDITIONS GÉNÉRALES DE CETTE COMMANDE, OU DE TOUTE ACTION OU OMISSION DU
VENDEUR, DE SES AGENTS, EMPLOYÉS OU SOUS-TRAITANTS. CETTE INDEMNISATION
S'AJOUTE AUX OBLIGATIONS DE GARANTIE DU VENDEUR.
ASSURANCE
DANS LE CAS OÙ SES OBLIGATIONS EN VERTU DES PRÉSENTES EXIGENT OU PRÉVOIENT
QUE LES SERVICES DES EMPLOYÉS DU VENDEUR, OU DES PERSONNES SOUS CONTRAT AVEC
LE VENDEUR, SOIENT EXÉCUTÉS SUR LA PROPRIÉTÉ DE L'ACHETEUR OU LA PROPRIÉTÉ
DES CLIENTS DE L'ACHETEUR, LE VENDEUR CONVIENT QUE TOUT TRAVAIL DE CE TYPE
SERA EFFECTUÉ EN TANT QU'ENTREPRENEUR INDÉPENDANT ET QUE LES PERSONNES
EFFECTUANT CE TRAVAIL NE SERONT PAS CONSIDÉRÉES COMME DES EMPLOYÉS DE
L'ACHETEUR. LE VENDEUR DOIT SOUSCRIRE TOUTESASSURANCES NÉCESSAIRES, Y COMPRIS
ASSURANCE RESPONSABILITÉ CIVILE (LAQUELLE DEVRA COUVRIR TOUS LES RISQUES D'
ACCIDENTS DU TRAVAIL. L'ACHETEUR PEUT ÉGALEMENT EXIGER DU VENDEUR QU'IL
SOUSCRIVE UNE ASSURANCE RESPONSABILITÉ PROFESSIONNELLE ET / OU UNE ASSURANCE
RESPONSABILITÉ CIVILE PRODUIT. L'ACHETEUR DOIT ÊTRE DÉSIGNÉ COMME ASSURÉ
ADDITIONNEL EN VERTU DES POLICES D'ASSURANCE DE RESPONSABILITÉ DU VENDEUR.
LES ATTESTATIONS D'ASSURANCE DOIVENT ÊTRE DÉLIVRÉS À LA SIGNATURE DU PRÉSENT
CONTRAT ET DANS LES 10 JOURS SUIVANT LE RENOUVELLEMENT DE CHAQUE POLICE.
TOUTES LES ASSURANCES EXIGÉES EN VERTU DU PRÉSENT CONTRAT DOIVENT ÊTRE ÉMISES
PAR UNE OU DES SOCIÉTÉS D'ASSURANCE AYANT OBTENU UNE NOTATION AM BEST A-IX OU
SUPÉRIEURE. LE VENDEUR DOIT FOURNIR UN PRÉAVIS ÉCRIT D'AU MOINS TRENTE (30)
JOURS À SON CONTACT COMMERCIAL CHEZ S&P GLOBAL ET SES FILIALES EN CAS DE
MODIFICATION IMPORTANTE À SON INITIATIVE, D'ANNULATION/NON-RENOUVELLEMENT À
SON INITIATIVE DE LA COUVERTURE. LES ATTESTATIONS D'ASSURANCE ET LES AVIS
D'ANNULATION/NON RENOUVELLEMENT DOIVENT ÊTRE ENVOYÉS À : S&P GLOBAL BUYING
CENTER À CONTRACTS.HELPDESK@SPGLOBAL.COM.
INFORMATIONS CONFIDENTIELLES OU EXCLUSIVES, DONNEES PERSONNELLES
NONOBSTANT TOUT DOCUMENT INDIQUANT LE CONTRAIRE, TOUTE CONNAISSANCE OU
INFORMATION QUE LE VENDEUR A DIVULGUÉE OU POURRAIT DIVULGUER ULTÉRIEUREMENT À
L'ACHETEUR, ET QUI SE RAPPORTE DE QUELQUE MANIÈRE AUX BIENS OU SERVICES
COUVERTS PAR LA PRÉSENTE COMMANDE, NE SERA PAS, SAUF ACCORD ÉCRIT CONTRAIRE
DE L’ACHETEUR, CONSIDÉRÉ COMME UNE INFORMATION CONFIDENTIELLE OU EXCLUSIVE,
ET SERA ACQUISE PAR L’ACHETEUR, SANS AUCUNE RESTRICTION. LE VENDEUR NE
TRANSMETTRA À L'ACHETEUR AUCUNE INFORMATION PERSONNELLE SENSIBLE, Y COMPRIS,
MAIS SANS LIMITATION, DES INFORMATIONS DE SANTÉ IDENTIFIÉES, DES INFORMATIONS
FINANCIÈRES, DES NUMÉROS DE SÉCURITÉ SOCIALE, DES DONNÉES BIOMÉTRIQUES OU
TOUTE AUTRE DONNÉE IDENTIFIÉE OU IDENTIFIABLE DE MÊME SENSIBILITÉ. LE VENDEUR
S'ENGAGE À GARDER CONFIDENTIELLE TOUTE INFORMATION TECHNIQUE, DE PROCESSUS,
ÉCONOMIQUES OU AUTRE DÉRIVÉE DES DESSINS, SPÉCIFICATIONS ET AUTRES DONNÉES
FOURNIES PAR L'ACHETEUR EN RAPPORT AVEC LA PRÉSENTE COMMANDE (SOUS QUELQUE
FORME OU FORMAT QUE CE SOIT) ET À NE PAS DIVULGUER, EXPORTER OU UTILISER,
DIRECTEMENT OU INDIRECTEMENT, CES INFORMATIONS AU PROFIT DE TOUTE AUTRE
PARTIE SANS LE CONSENTEMENT ÉCRIT PRÉALABLE DE L’ACHETEUR. SAUF DANS LA
MESURE OÙ CELA SERAIT NÉCESSAIRE À L'EXÉCUTION EFFICACE DE LA PRÉSENTE
COMMANDE, LE VENDEUR N'UTILISERA PAS CES INFORMATIONS OU N'EN FERA PAS DE
COPIES OU NE PERMETTRA PAS QUE DES COPIES DE CES DESSINS, SPÉCIFICATIONS OU
AUTRES DONNÉES SOIENT FAITES SANS LE CONSENTEMENT ÉCRIT PRÉALABLE DE
L'ACHETEUR. SI UNE REPRODUCTION EST FAITE AVEC LE CONSENTEMENT PRÉALABLE, CET
ACCORD SERA FOURNI. UNE FOIS LA COMMANDE TERMINÉE OU RÉSILIÉE, LE VENDEUR
RETOURNERA PROMPTEMENT À L’ACHETEUR TOUS LES DOCUMENTS CONTENANT CES
INFORMATIONS ET TOUTES LES COPIES, À L’EXCEPTION D’UN EXEMPLAIRE. LE VENDEUR
ACCEPTE QU'AUCUNE INFORMATION CONCERNANT CETTE COMMANDE ET LES BIENS OU
SERVICES FOURNIS NE SOIT RENDUE PUBLIQUE PAR LUI SANS L'ACCORD ÉCRIT
PRÉALABLE DE L'ACHETEUR.
LE VENDEUR DOIT ÉTABLIR ET MAINTENIR DES MESURES DE PROTECTION
ORGANISATIONNELLES, TECHNIQUES ET PHYSIQUES APPROPRIÉES QUI NE SOIENT PAS
MOINS PROTECTRICES DES DONNÉES PERSONNELLES QUE LES NORMES DE POINTE EN
MATIÈRE DE CYBERSÉCURITÉ ET QUI SOIENT EN CONFORMITÉ AVEC LES LOIS SUR LA
PROTECTION DES DONNÉES, Y COMPRIS LE RÈGLEMENT (UE) 2016/679 DU PARLEMENT
EUROPÉEN ET DU CONSEIL DU 27 AVRIL 2016 ET LA LOI N°78-17 DITE «INFORMATIQUE
ET LIBERTÉS», TELLE QU'AMENDÉE (CI-APRÈS LES «LOIS SUR LA PROTECTION DES
DONNÉES». S&P OU LA PERSONNE QU'ELLE DÉSIGNE AURA LE DROIT DE VÉRIFIER ET/OU
D’EXAMINER LES MESURES DE PROTECTION SUSMENTIONNÉES.
LE VENDEUR DOIT VEILLER À CE QUE TOUS LES SOUS-TRAITANTS AUTORISÉS SE
CONFORMENT AUX LOIS SUR LA PROTECTION DES DONNÉES ET AUX NORMES DE POINTE EN
MATIÈRE DE CYBERSÉCURITÉ. LE VENDEUR DOIT VEILLER À CE QUE TOUS LES
SOUS-TRAITANTS AUTORISÉS NE FASSENT PAS OU N'OMETTENT PAS DE FAIRE QUELQUE
CHOSE QUI POURRAIT CAUSER OU POURRAIT RAISONNABLEMENT AMENER S&P OU SES
SOCIÉTÉS AFFILIÉES À ENFREINDRE OU À VIOLER TOUTE DISPOSITION DES LOIS SUR LA
PROTECTION DES DONNÉES.
INCIDENT DE CYBERSÉCURITÉ
SI LE VENDEUR EST CONFRONTÉ À UN INCIDENT DE CYBERSÉCURITÉ RÉEL OU PRÉSUMÉ
(DÉFINI CI-DESSOUS) :
1. LE VENDEUR INFORMERA IMMÉDIATEMENT S&P AU +1 866 810 0436 (OU DIRECTEMENT
AU + 44 207 176 7999) ET PAR E-MAIL À S&PGLOBALCIRT@SPGLOBAL.COM AU PLUS
TARD 24 HEURES (OU TOUTE AUTRE PÉRIODE ANTÉRIEURE, CONFORMÉMENT AUX LOIS
SUR LA PROTECTION DES DONNÉES) APRÈS QU'IL AIT EU CONNAISSANCE DE
L'INCIDENT DE CYBERSÉCURITÉ ;
2. DÈS QU'IL EST RAISONNABLEMENT POSSIBLE DE LE FAIRE, LE VENDEUR ATTÉNUERA,
DOCUMENTERA ET RECTIFIERA L'INCIDENT DE CYBERSÉCURITÉ ET, LE CAS ÉCHÉANT,
SES PROCÉDURES D'INTERVENTION EN CAS D'INCIDENTS ET LES POLITIQUES ET
PROCÉDURES DE S&P ;
3. SAUF SI LA LOI L'EXIGE, LE VENDEUR NE FERA AUCUNE DÉCLARATION PUBLIQUE À
L'ÉGARD DE S&P CONCERNANT UN INCIDENT DE CYBERSÉCURITÉ SANS
L'AUTORISATION ÉCRITE PRÉALABLE DE S&P ;
4. LE VENDEUR DOIT AIDER S&P À RESPECTER SES OBLIGATIONS EN VERTU DES LOIS
SUR LA PROTECTION DES DONNÉES DÉCOULANT DE L'INCIDENT DE CYBERSÉCURITÉ,
EN FACILITANT NOTAMMENT LES ENTRETIENS AVEC LE PERSONNEL DU VENDEUR ET EN
FOURNISSANT DES INFORMATIONS SUR DEMANDE ;
5. LE VENDEUR S'ENGAGE PAR AILLEURS À COOPÉRER À SES FRAIS AVEC S&P ET SES
AGENTS À LA DEMANDE DE S&P.
LA NOTIFICATION COMPORTE AU MOINS LES INFORMATIONS SUIVANTES :
1. LA DATE ET L'HEURE APPROXIMATIVE DE L'INCIDENT DE CYBERSÉCURITÉ ;
2. UN RÉSUMÉ DE TOUS LES FAITS PERTINENTS CONNUS CONCERNANT L'INCIDENT DE
CYBERSÉCURITÉ, Y COMPRIS LES DONNÉES, LES SYSTÈMES OU LES INFORMATIONS
CONFIDENTIELLES DE S&P SUSCEPTIBLES DE PRÉSENTER UN RISQUE, AINSI QUE LA
MÉTHODOLOGIE UTILISÉE POUR UNE TELLE INVESTIGATION PAR LE VENDEUR ;
3. LES MESURES PRISES OU PROPOSÉES PAR LE VENDEUR POUR REMÉDIER À L'INCIDENT
DE CYBERSÉCURITÉ ; ET
4. TOUTE MESURE TECHNIQUE QUI, SELON LE VENDEUR, DEVRAIT ÊTRE PRISE PAR S&P
POUR ATTÉNUER LES EFFETS DE L’INCIDENT DE CYBERSÉCURITÉ.
APRÈS LA SURVENANCE D'UN INCIDENT DE CYBERSÉCURITÉ, LE VENDEUR PRÉPARERA ET
FOURNIRA À S&P UN RAPPORT ÉCRIT DE L’INCIDENT DE CYBERSÉCURITÉ, COMPRENANT,
LE CAS ÉCHÉANT, LES MESURES VISANT À EMPÊCHER QUE L’IINCIDENT DE
CYBERSÉCURITÉ NE SE REPRODUISE ET LES DÉLAIS MUTUELLEMENT ACCEPTABLES POUR Y
REMÉDIER.
SI LE TRAVAIL DU VENDEUR EN VERTU DE LA PRÉSENTE COMMANDE EXIGE QU'IL SOIT
PRÉSENT DANS LES LOCAUX DE L'ACHETEUR OU SI CELA RÉSULTE D'UNE DEMANDE DE
L'ACHETEUR, LE VENDEUR PRENDRA TOUTES LES PRÉCAUTIONS NÉCESSAIRES POUR ÉVITER
TOUT DOMMAGE CORPOREL OU MATÉRIEL, EN RESPECTANT LES RÈGLES, PROCÉDURES OU
AUTRES EXIGENCES DE L'ACHETEUR.
CONFORMITÉ AUX LOIS ET AUX RÈGLEMENTS
L'EXÉCUTION DES SERVICES PAR LE VENDEUR DOIT À TOUT MOMENT ÊTRE CONFORME AUX
LOIS, ORDONNANCES, RÈGLES OU RÈGLEMENTATIONS APPLICABLES (CI-APRÈS, LA « LOI
»), Y COMPRIS LES LOIS RELATIVES À L'EXÉCUTION D'ANALYSES D'IMPACT SUR LA VIE
PRIVÉE ET AU TRANSFERT DES DONNÉES À CARACTÈRE PERSONNEL DES PERSONNES
CONCERNÉES DE L’UNION EUROPÉENNE, ET À L’EXÉCUTION DES CONTRATS TYPES Y
AFFÉRENTS, AINSI QU'À TOUTE RÈGLEMENTATION DE CONFORMITÉ APPLICABLE. LE
VENDEUR SURVEILLERA, À SES PROPRES FRAIS, LES MODIFICATIONS DANS LES LOIS ET
LES RÈGLEMENTATIONS DE CONFORMITÉ APPLICABLES QUI POURRAIENT AFFECTER LA
FOURNITURE DE SES SERVICES, ET MODIFIERA SES SERVICES SI NÉCESSAIRE POUR
RESTER EN CONFORMITÉ AVEC LES LOIS ET RÈGLEMENTATIONS DE CONFORMITÉ EN
VIGUEUR. SI S&P IDENTIFIE UNE NON-CONFORMITÉ À LA LOI OU À LA RÈGLEMENTATION
DE CONFORMITÉ OU DÉTERMINE QU'UNE MODIFICATION PARTICULIÈRE DANS LA LOI OU LA
RÈGLEMENTATION DE CONFORMITÉ NÉCESSITERA UN CHANGEMENT OU UNE MODIFICATION
DES SERVICES, S&P INFORMERA LE VENDEUR ET CE DERNIER COLLABORERA AVEC S&P
POUR MODIFIER LES SERVICES DANS UN DÉLAI RAISONNABLE AFIN DE SE CONFORMER À
LA LOI OU À LA RÈGLEMENTATION DE CONFORMITÉ. DANS L'ÉVENTUALITÉ OÙ DES
CHANGEMENTS DANS LES LOIS OU LES RÈGLEMENTATIONS DE CONFORMITÉ EMPÊCHENT OU
COMPROMETTENT LE VENDEUR DE FOURNIR LES SERVICES EN VERTU D'UN EDT
APPLICABLE, LE VENDEUR DEVRA DÉPLOYER DES EFFORTS COMMERCIALEMENT
RAISONNABLES POUR DÉVELOPPER ET, AVEC L'APPROBATION DE S&P (CETTE APPROBATION
NE DEVANT PAS ÊTRE REFUSÉE SANS MOTIF RAISONNABLE), METTRE EN ŒUVRE UNE
SOLUTION DE REMPLACEMENT APPROPRIÉE JUSQU'AU MOMENT OÙ IL POURRA EXÉCUTER LES
SERVICES EN VERTU DUDIT EDT SANS UNE TELLE SOLUTION.
LE VENDEUR ET LE SOUS-TRAITANT DOIVENT SE CONFORMER AUX EXIGENCES DES
ARTICLES 225-1 ET SUIVANTS DU CODE PÉNAL AINSI QU'AUX EXIGENCES DES ARTICLES
L 1132-1 ET L 1133-1 ET SUIVANTS DU CODE DU TRAVAIL. CES RÈGLEMENTS
DISPOSITIONS LÉGALES INTERDISENT NOTAMMENT LA DISCRIMINATION À L’ÉGARD DE
PERSONNES HANDICAPÉES, ET INTERDISENT NOTAMMENT TOUTE DISCRIMINATION À
L’ÉGARD DE TOUTE PERSONNE EN RAISON NOTAMMENT DE SA RACE, DE SA COULEUR, DE
SA RELIGION, DE SON SEXE, DE SON ORIENTATION SEXUELLE, DE SON IDENTITÉ DE
GENRE OU DE SON ORIGINE. DE PLUS, CES RÈGLEMENTS DISPOSITIONS EXIGENT QUE LES
VENDEURS PRINCIPAUX ET LES SOUS-TRAITANTS CONCERNÉS PRENNENT DES MESURES
POSITIVES POUR EMBAUCHER ET PROMOUVOIR L'EMBAUCHE DES PERSONNES SANS
CONSIDÉRATION DE LEUR RACE, COULEUR, RELIGION, SEXE, ORIENTATION SEXUELLE,
IDENTITÉ DE GENRE, ORIGINE, OU HANDICAP.
UNE « RÈGLEMENTATION DE CONFORMITÉ » DÉSIGNE, À L'ÉGARD DE TOUTE PARTIE,
TOUTE LOI LUI ÉTANT APPLICABLE EN MATIÈRE DE BLANCHIMENT DE FONDS OU DE
FINANCEMENT DU TERRORISME, Y COMPRIS LA DÉCLARATION DES TRANSACTIONS EN
DEVISES ET LES LIMITES DES TRANSACTIONS EN DEVISES ; LA LOI N° 2016-1691 DU 9
DÉCEMBRE 2016 RELATIVE À LA TRANSPARENCE, À LA LUTTE CONTRE LA CORRUPTION ET
À LA MODERNISATION DE LA VIE ÉCONOMIQUE (LOI SAPIN II) ; LA CONVENTION DE
L'OCDE SUR LA LUTTE CONTRE LA CORRUPTION D'AGENTS PUBLICS ETRANGERS DANS LES
TRANSACTIONS COMMERCIALES INTERNATIONALES DE 1997 (CI-APRÈS, LA « CONVENTION
DE L'OCDE ») ; LE FOREIGN CORRUPT PRACTICES ACT OF 1977 DES ÉTATS-UNIS
D’AMÉRIQUE (LOI SUR LA CORRUPTION DANS LES TRANSACTIONS À L'ÉTRANGER), TEL
QUE MODIFIÉ OU COMPLÉTÉ (CI-APRÈS, « LE FCPA ») ; LE BRIBERY ACT 2010 DU
ROYAUME-UNI, TEL QUE MODIFIÉ OU COMPLÉTÉ (CI-APRÈS, LE « BRIBERY ACT ») ; ET
TOUTE AUTRE LOI APPLICABLE À CETTE PARTIE QUI EST SUBSTANTIELLEMENT
ÉQUIVALENTE AU FCPA OU AU BRIBERY ACT OU QUI ÉTAIT DESTINÉE À PROMULGUER LES
DISPOSITIONS DE LA CONVENTION DE L'OCDE ET/OU D'AUTRES SANCTIONS ÉCONOMIQUES
ADMINISTRÉES OU APPLIQUÉES PAR TOUTE AUTRE AUTORITÉ DE SANCTION COMPÉTENTE
AYANT COMPÉTENCE SUR UNE PARTIE.
DIVISIBILITÉ/SURVIE
SI L'UNE DES DISPOSITIONS DES PRÉSENTES CONDITIONS GÉNÉRALES OU TOUT BON DE
COMMANDE ÉMIS EN VERTU DES PRÉSENTES OU SI L'UN DES REMÈDES PRÉVUS AUX
PRÉSENTES EST JUGÉ INVALIDE OU INEXÉCUTABLE PAR UN TRIBUNAL OU UN PANEL
D'ARBITRAGE COMPÉTENT, LES DISPOSITIONS ET LES REMÈDES RESTANTS DEMEURERONT
PLEINEMENT EN VIGUEUR ET APPLICABLES. TOUTE DISPOSITION DES PRÉSENTES
CONDITIONS GÉNÉRALES OU DE TOUT BON DE COMMANDE QUI, DE PAR SA NATURE,
SURVIVRAIT À LA RÉSILIATION OU À L'EXPIRATION DES PRÉSENTES CONDITIONS
GÉNÉRALES, OU DUDIT BON DE COMMANDE, SURVIVRA À LA RÉSILIATION OU À
L'EXPIRATION DU PRÉSENT CONTRAT.
SOUS-TRAITANCE
LE VENDEUR NE DOIT NI SOUS-TRAITER NI DÉLÉGUER AUCUNE DE SES OBLIGATIONS EN
VERTU DES PRÉSENTES À UN TIERS SANS LE CONSENTEMENT ÉCRIT PRÉALABLE DE
L'ACHETEUR. DANS L'ÉVENTUALITÉ OÙ L'ACHETEUR APPROUVE UNE TELLE
SOUS-TRAITANCE, LE VENDEUR RESTERA RESPONSABLE DE TOUTES SES OBLIGATIONS EN
VERTU DES PRÉSENTES ET DE TOUT EDT ET SERA RESPONSABLE DES ACTES ET DES
OMISSIONS DE TOUT SOUS-TRAITANT. DE PLUS, LE VENDEUR VEILLERA À CE QUE TOUS
LES SOUS-TRAITANTS AIENT ÉTÉ INFORMÉS DES TERMES DE CE CONTRAT ET AIENT
ACCEPTÉ PAR ÉCRIT DE S'Y CONFORMER. L'ACHETEUR AURA LE DROIT, À TOUT MOMENT,
D’EXIGER IMMÉDIATEMENT QUE LE VENDEUR METTE FIN OU RETIRE TOUT SOUS-TRAITANT
TIERS DE LA FOURNITURE DES SERVICES SANS AUCUNE PÉNALITÉ OU FRAIS POUR
L'ACHETEUR SI CE DERNIER A DES MOTIFS RAISONNABLES DE CROIRE QUE LES ACTES OU
OMISSIONS DE CE TIERS LUI CAUSENT OU POURRAIENT LUI CAUSER UN PRÉJUDICE.
* Purchase Order Terms and Conditions - German (Deutsche)
TERMS OF USE
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PURCHASE ORDER TERMS AND CONDITIONS - GERMAN (DEUTSCHE)
1. ALLGEMEINES, GELTUNGSBEREICH
1.1 DIE VORLIEGENDEN ALLGEMEINEN EINKAUFSBEDINGUNGEN ("AEB") GELTEN FÜR ALLE
GESCHÄFTSBEZIEHUNGEN MIT UNSEREN GESCHÄFTSPARTNERN UND LIEFERANTEN
(NACHFOLGEND: "LIEFERANTEN"). SIE GELTEN IN IHRER JEWEILIGEN FASSUNG ALS
RAHMENVEREINBARUNG AUCH FÜR ZUKÜNFTIGE VERTRAGE MIT DEMSELBEN LIEFERANTEN,
OHNE DASS WIR IN JEDEM EINZELFALL WIEDER AUF SIE HINWEISEN MÜSSTEN; ÜBER
ÄNDERUNGEN UNSERER AEB WERDEN WIR DEN LIEFERANTEN IN DIESEM FALL UNVERZÜGLICH
INFORMIEREN.
1.2 UNSERE AEB GELTEN AUSSCHLIESSLICH. ENTGEGENSTEHENDE ODER VON UNSEREN AEB
ODER VON GESETZLICHEN BESTIMMUNGEN ABWEICHENDE BEDINGUNGEN DES LIEFERANTEN
ERKENNEN WIR NICHT AN, ES SEI DENN WIR HABEN AUSDRÜCKLICH SCHRIFTLICH IHRER
GELTUNG ZUGESTIMMT. DIES GILT AUCH DANN, WENN WIR NICHT AUSDRÜCKLICH
WIDERSPROCHEN HABEN ODER IN KENNTNIS DER ALLGEMEINEN GESCHÄFTSBEDINGUNGEN DES
LIEFERANTEN DESSEN LIEFERUNGEN VORBEHALTLOS ANNEHMEN.
1.3 ALLE VEREINBARUNGEN, DIE ZWISCHEN UNS UND DEM LIEFERANTEN ZWECKS
AUSFÜHRUNG DIESES VERTRAGS GETROFFEN WERDEN, SIND IN DIESEM VERTRAG
SCHRIFTLICH NIEDERGELEGT. RECHTSERHEBLICHE ERKLÄRUNGEN UND ANZEIGEN, DIE NACH
VERTRAGSSCHLUSS VOM LIEFERANTEN UNS GEGENÜBER ABZUGEBEN SIND (Z.B.
FRISTSETZUNGEN, MAHNUNGEN, ERKLÄRUNG VON RÜCKTRITT), BEDÜRFEN ZU IHRER
WIRKSAMKEIT DER SCHRIFTFORM.
1.4 IM EINZELFALL GETROFFENE, INDIVIDUELLE VEREINBARUNGEN (EINSCHLIESSLICH
NEBENABREDEN, ERGÄNZUNGEN, ÄNDERUNGEN) HABEN IN JEDEM FALL VORRANG VOR DIESEN
AEB. FÜR DEN INHALT DERARTIGER VEREINBARUNGEN IST EIN SCHRIFTLICHER VERTRAG
BZW. UNSERE SCHRIFTLICHE BESTÄTIGUNG MASSGEBEND.
1.5 HINWEISE AUF DIE GELTUNG GESETZLICHER VORSCHRIFTEN HABEN NUR
KLARSTELLENDE BEDEUTUNG. AUCH OHNE EINE DERARTIGE KLARSTELLUNG GELTEN DAHER
DIE GESETZLICHEN VORSCHRIFTEN, SOWEIT SIE IN DIESEN AEB NICHT UNMITTELBAR
ABGEÄNDERT ODER AUSDRÜCKLICH AUSGESCHLOSSEN WERDEN.
1.6 UNSERE AEB GELTEN NUR GEGENÜBER UNTERNEHMERN GEMÄSS § 14 BGB, SOWIE
GEGENÜBER JURISTISCHEN PERSONEN DES ÖFFENTLICHEN RECHTS ODER GEGENÜBER
ÖFFENTLICH-RECHTLICHEM SONDERVERMÖGEN.
2. BESTELLUNG UND AUFTRAGSBESTÄTIGUNG, VERTRAGSSCHLUSS
2.1 UNSERE BESTELLUNG GILT FRÜHESTENS MIT SCHRIFTLICHER ABGABE ODER
BESTÄTIGUNG ALS VERBINDLICH. AUF OFFENSICHTLICHE IRRTÜMER (Z.B. SCHREIB- UND
RECHENFEHLER) UND UNVOLLSTÄNDIGKEITEN DER BESTELLUNG EINSCHLIESSLICH DER
BESTELLUNTERLAGEN HAT UNS DER LIEFERANT ZUM ZWECK DER KORREKTUR BZW.
VERVOLLSTÄNDIGUNG VOR ANNAHME HINZUWEISEN; ANSONSTEN GILT DER VERTRAG ALS
NICHT GESCHLOSSEN.
3. PREISE UND ZAHLUNGSBEDINGUNGEN, RECHNUNGSANGABEN
3.1 DER IN DER BESTELLUNG ANGEGEBENE PREIS IST BINDEND. ALLE PREISE VERSTEHEN
SICH EINSCHLIESSLICH GESETZLICHER UMSATZSTEUER, WENN DIESE NICHT GESONDERT
AUSGEWIESEN IST.
3.2 SOFERN IM EINZELFALL NICHT ETWAS ANDERES VEREINBART IST, SCHLIESST DER
PREIS ALLE LEISTUNGEN UND NEBENLEISTUNGEN DES LIEFERANTEN (Z.B. MONTAGE,
EINBAU) SOWIE ALLE NEBENKOSTEN (Z.B. ORDNUNGSGEMÄSSE VERPACKUNG,
TRANSPORTKOSTEN EINSCHLIESSLICH EVENTUELLER TRANSPORT- UND
HAFTPFLICHTVERSICHERUNG) EIN. VERPACKUNGSMATERIAL HAT DER LIEFERANT AUF UNSER
VERLANGEN ZURÜCKZUNEHMEN.
3.3 IN SÄMTLICHEN RECHNUNGEN, AUFTRAGSBESTÄTIGUNGEN UND LIEFERPAPIEREN SIND
UNSERE BESTELLNUMMER DIE ARTIKEL-NR., LIEFERMENGE UND LIEFERANSCHRIFT
ANZUGEBEN. SOLLTEN EINE ODER MEHRERE DIESER ANGABEN FEHLEN UND SICH DADURCH
IM RAHMEN UNSERES NORMALEN GESCHÄFTSVERKEHRS DIE BEARBEITUNG DURCH UNS
VERZÖGERN, VERLÄNGERN SICH DIE IN ZIFFER 3.5 GENANNTEN ZAHLUNGSFRISTEN UM DEN
ZEITRAUM DER VERZÖGERUNG. RECHNUNGSZWEITSCHRIFTEN SIND ALS DUPLIKATE ZU
KENNZEICHNEN. DER LIEFERANT SOLL DIE RECHNUNG INNERHALB VON ZEHN WERKTAGEN
NACH VERTRAGSSCHLUSS AN UNS ÜBERMITTELN.
3.4 JEDE RECHNUNG DES LIEFERANTEN MUSS DIE VORAUSSETZUNGEN DES § 15 ABS. 4
USTG, WIE Z.B. DIE GESONDERTE AUSWEISUNG DER GESETZLICHEN MEHRWERTSTEUER,
ERFÜLLEN. ANDERNFALLS IST DER VORSTEUERABZUG AUS DEM RECHNUNGSBETRAG NICHT
MÖGLICH. IN DIESEN FÄLLEN GERATEN WIR NICHT IN ZAHLUNGSVERZUG.
3.5 SOFERN IM EINZELFALL NICHT ETWAS ANDERES VEREINBART IST, IST DER
VEREINBARTE PREIS INNERHALB VON 60 KALENDERTAGEN AB VOLLSTÄNDIGER LIEFERUNG
UND LEISTUNG (EINSCHLIESSLICH EINER ETWA VEREINBARTEN ABNAHME) SOWIE ZUGANG
EINER ORDNUNGSGEMÄSSEN RECHNUNG ZUR ZAHLUNG FÄLLIG. SOWEIT DER LIEFERANT
MATERIALTESTS, PRÜFPROTOKOLLE, QUALITÄTSDOKUMENTE ODER ANDERE UNTERLAGEN ZUR
VERFÜGUNG ZU STELLEN HAT, SETZT DIE VOLLSTÄNDIGKEIT DER LIEFERUNG AUCH DEN
EINGANG DIESER UNTERLAGEN BEI UNS VORAUS.
3.6 WIR SCHULDEN KEINE FÄLLIGKEITSZINSEN (§ 353 HGB). DER ANSPRUCH DES
LIEFERANTEN AUF ZAHLUNG VON VERZUGSZINSEN BLEIBT UNBERÜHRT. FÜR DEN EINTRITT
UNSERES VERZUGS GELTEN DIE GESETZLICHEN VORSCHRIFTEN. IN JEDEM FALL IST ABER
EINE MAHNUNG DURCH DEN LIEFERANTEN ERFORDERLICH.
3.7 AUFRECHNUNGS- UND ZURÜCKBEHALTUNGSRECHTE SOWIE DIE EINREDE DES NICHT
ERFÜLLTEN VERTRAGS STEHEN UNS IN GESETZLICHEM UMFANG ZU. WIR SIND
INSBESONDERE BERECHTIGT, FÄLLIGE ZAHLUNGEN ZURÜCKZUHALTEN, SOLANGE UNS NOCH
ANSPRÜCHE AUS UNVOLLSTÄNDIGEN ODER MANGELHAFTEN LEISTUNGEN GEGEN DEN
LIEFERANTEN ZUSTEHEN.
3.8 DER LIEFERANT HAT EIN AUFRECHNUNGS- ODER ZURÜCKBEHALTUNGSRECHT NUR WEGEN
RECHTSKRÄFTIG FESTGESTELLTER ODER UNBESTRITTENER GEGENFORDERUNGEN.
3.9 ZAHLUNGEN BEDEUTEN KEINE ANERKENNUNG DER LIEFERUNGEN ODER LEISTUNGEN DES
LIEFERANTEN ALS VERTRAGSGEMÄSS.
4. LIEFERZEIT UND LIEFERVERZUG
4.1 DIE IN DER BESTELLUNG ANGEGEBENE LIEFERZEIT (LIEFERTERMIN ODER -FRIST)
IST BINDEND. VORZEITIGE LIEFERUNGEN SIND NICHT ZULÄSSIG. WENN DIE LIEFERZEIT
IN DER BESTELLUNG NICHT ANGEGEBEN WURDE UND AUCH NICHT ANDERWEITIG VEREINBART
WURDE, BETRÄGT DIE LIEFERZEIT VIER WOCHEN AB VERTRAGSSCHLUSS.
4.2 DER LIEFERANT IST VERPFLICHTET, UNS UNVERZÜGLICH SCHRIFTLICH ZU
INFORMIEREN, WENN UMSTÄNDE EINTRETEN ODER ERKENNBAR WERDEN, WONACH DIE
LIEFERZEIT NICHT EINGEHALTEN WERDEN KANN.
4.3 IM FALLE DES LIEFERVERZUGS STEHEN UNS UNEINGESCHRÄNKT DIE GESETZLICHEN
ANSPRÜCHE ZU, EINSCHLIESSLICH DES RÜCKTRITTSRECHTS UND DES ANSPRUCHS AUF
SCHADENSERSATZ STATT DER LEISTUNG NACH FRUCHTLOSEM ABLAUF EINER ANGEMESSENEN
NACHFRIST. DIE REGELUNGEN IN ZIFFER 4.4 BLEIBEN UNBERÜHRT.
4.4 IM FALLE DES LIEFERVERZUGS SIND WIR BERECHTIGT, EINE VERTRAGSSTRAFE IN
HÖHE VON 0,5 % DES LIEFERWERTS PRO VOLLENDETE KALENDERWOCHE ZU VERLANGEN,
NICHT JEDOCH MEHR ALS 5 % DES LIEFERWERTES. WIR SIND BERECHTIGT, EINE
VERTRAGSSTRAFE NEBEN DER ERFÜLLUNG GELTEND ZU MACHEN. NEHMEN WIR DIE
VERSPÄTETE LEISTUNG AN, MÜSSEN WIR DIE VERTRAGSSTRAFE SPÄTESTENS MIT DER
SCHLUSSZAHLUNG GELTEND MACHEN. WEITERGEHENDE ANSPRÜCHE UND RECHTE BLEIBEN
VORBEHALTEN. VERLANGEN WIR SCHADENSERSATZ, STEHT DEM LIEFERANTEN DAS RECHT
ZU, NACHZUWEISEN, DASS UNS ÜBERHAUPT KEIN SCHADEN ENTSTANDEN IST.
5. LIEFERUNG, GEFAHRÜBERGANG, ANNAHMEVERZUG
5.1 DER LIEFERANT IST OHNE UNSERE VORHERIGE SCHRIFTLICHE ZUSTIMMUNG NICHT
BERECHTIGT, DIE VON IHM GESCHULDETE LEISTUNG DURCH DRITTE (Z.B.
SUBUNTERNEHMER) ERBRINGEN ZU LASSEN.
5.2 DIE LIEFERUNG ERFOLGT, SOFERN NICHTS ANDERES SCHRIFTLICH VEREINBART IST,
"FREI HAUS" AN DEN IN DER BESTELLUNG ANGEGEBENEN ORT. IST DER BESTIMMUNGSORT
NICHT ANGEGEBEN UND NICHTS ANDERES VEREINBART, SO HAT DIE LIEFERUNG AN
UNSEREN GESCHÄFTSSITZ IN FRANKFURT ZU ERFOLGEN. DER JEWEILIGE BESTIMMUNGSORT
IST AUCH DER ERFÜLLUNGSORT (BRINGSCHULD). WIRD LIEFERUNG "AB WERK"
VEREINBART, HAT DER LIEFERANT ZU DEN JEWEILS NIEDRIGSTEN KOSTEN ZU VERSENDEN,
SOWEIT KEINE BESTIMMTE BEFÖRDERUNGSART VEREINBART IST.
5.3 DER LIEFERUNG IST EIN LIEFERSCHEIN UNTER ANGABE VON DATUM (AUSSTELLUNG
UND VERSAND), INHALT DER LIEFERUNG (ARTIKELNUMMER UND ANZAHL) SOWIE UNSERER
VOLLSTÄNDIGEN BESTELLKENNZEICHEN (DATUM UND NUMMER) BEIZULEGEN. FEHLT DER
LIEFERSCHEIN ODER IST ER UNVOLLSTÄNDIG, SO SIND DIE DADURCH ENTSTEHENDEN
VERZÖGERUNGEN IN DER BEARBEITUNG NICHT VON UNS ZU VERTRETEN. GETRENNT VOM
LIEFERSCHEIN IST UNS EINE ENTSPRECHENDE VERSANDANZEIGE MIT DEM GLEICHEN
INHALT ZUZUSENDEN.
5.4 DIE GEFAHR DES ZUFÄLLIGEN UNTERGANGS UND DER ZUFÄLLIGEN VERSCHLECHTERUNG
DES LIEFERGEGENSTANDS GEHT MIT ÜBERGABE AM ERFÜLLUNGSORT AUF UNS ÜBER. SOWEIT
EINE ABNAHME VEREINBART IST, IST DIESE FÜR DEN GEFAHRÜBERGANG MASSGEBEND.
AUCH IM ÜBRIGEN GELTEN BEI EINER ABNAHME DIE GESETZLICHEN VORSCHRIFTEN DES
WERKVERTRAGSRECHTS. DER ÜBERGABE BZW. ABNAHME STEHT ES GLEICH, WENN WIR UNS
IM ANNAHMEVERZUG BEFINDEN.
5.5 FÜR DEN EINTRITT UNSERES ANNAHMEVERZUGES GELTEN DIE GESETZLICHEN
VORSCHRIFTEN. DER LIEFERANT MUSS UNS SEINE LEISTUNG ABER AUCH DANN
AUSDRÜCKLICH ANBIETEN, WENN FÜR EINE HANDLUNG ODER MITWIRKUNG UNSERERSEITS
(Z.B. BEREITSTELLUNG VON MATERIAL) EINE BESTIMMTE ODER BESTIMMBARE
KALENDERZEIT VEREINBART IST. GERATEN WIR IN ANNAHMEVERZUG, SO KANN DER
LIEFERANT NACH DEN GESETZLICHEN VORSCHRIFTEN ERSATZ SEINER MEHRAUFWENDUNGEN
VERLANGEN. BETRIFFT DER VERTRAG EINE VOM LIEFERANTEN HERZUSTELLENDE,
UNVERTRETBARE SACHE (EINZELANFERTIGUNG), SO STEHEN DEM LIEFERANTEN
WEITERGEHENDE RECHTE NUR ZU, WENN WIR UNS ZUR MITWIRKUNG VERPFLICHTET UND DAS
UNTERBLEIBEN DER MITWIRKUNG ZU VERTRETEN HABEN.
5.6 SOFERN NICHTS ANDERES SCHRIFTLICH VEREINBART IST, SIND TEIL-, MEHR- ODER
MINDERLIEFERUNGEN NICHT ZULÄSSIG.
6. ERFÜLLUNGSGEHILFEN
6.1 ZUM EINSATZ VON SUBUNTERNEHMERN ODER SONSTIGEN ERFÜLLUNGSGEHILFEN FÜR DIE
ERBRINGUNG DER VERTRAGSGEGENSTÄNDLICHEN LEISTUNGEN IST DER LIEFERANT NUR NACH
UNSERER VORIGEREN SCHRIFTLICHEN ZUSTIMMUNG BERECHTIGT. DIES GILT NICHT FÜR
FREIE MITARBEITER DES LIEFERANTEN, DIE IN DIE ARBEITS- UND
ORGANISATIONSSTRUKTUR DES LIEFERANTEN EINGEBUNDEN SIND.
6.2 AUCH NACH UNSERER ZUSTIMMUNG IM SINNE VON ZIFFER 6.1 HAT DER LIEFERANT
SICHERZUSTELLEN, DASS SUBUNTERNEHMER ODER SONSTIGE ERFÜLLUNGSGEHILFEN UND
FREIE MITARBEITER DIE VORGABEN DIESER AEB EINHALTEN.
6.3 SOWEIT DER LIEFERANT IM RAHMEN DER ZURVERFÜGUNGSTELLUNG ALLER ZUR
DURCHFÜHRUNG EINES PROJEKTS ERFORDERLICHEN PERSONELLEN UND SACHLICHEN MITTEL
VEREINBARUNGEN MIT DRITTEN ABSCHLIESST, ERFOLGT DIES IM EIGENEN NAMEN UND AUF
EIGENE RECHNUNG.
7. EIGENTUMSSICHERUNG, BEISTELLUNG, WERKZEUGE
7.1 AN ABBILDUNGEN, PLÄNEN, ZEICHNUNGEN, BERECHNUNGEN,
AUSFÜHRUNGSANWEISUNGEN, PRODUKTBESCHREIBUNGEN UND SONSTIGEN UNTERLAGEN UND
INFORMATIONEN BEHALTEN WIR UNS EIGENTUMS- UND URHEBERRECHTE VOR. DERARTIGE
UNTERLAGEN UND INFORMATIONEN SIND AUSSCHLIESSLICH FÜR DIE VERTRAGLICHE
LEISTUNG ZU VERWENDEN UND NACH ERFÜLLUNG DES VERTRAGS AN UNS ZURÜCKZUGEBEN.
GEGENÜBER DRITTEN SIND DIE UNTERLAGEN GEHEIM ZU HALTEN, UND ZWAR AUCH NACH
BEENDIGUNG DES VERTRAGS. DIE GEHEIMHALTUNGSVERPFLICHTUNG ERLISCHT ERST, WENN
UND SOWEIT DAS IN DEN ÜBERLASSENEN UNTERLAGEN ENTHALTENE WISSEN ALLGEMEIN
BEKANNT GEWORDEN IST.
7.2 ZIFFER 7.1 GILT ENTSPRECHEND FÜR STOFFE UND MATERIALIEN DIE WIR DEM
LIEFERANTEN ZUR HERSTELLUNG BEISTELLEN. DERARTIGE GEGENSTÄNDE SIND – SOLANGE
SIE NICHT VERARBEITET WERDEN – AUF KOSTEN DES LIEFERANTEN GESONDERT ZU
VERWAHREN, ZU BEZEICHNEN UND ZU VERWALTEN SOWIE IN ÜBLICHEM UMFANG GEGEN
ZERSTÖRUNG UND VERLUST ZU VERSICHERN. BEI WERTMINDERUNG ODER VERLUST IST VOM
LIEFERANTEN ERSATZ ZU LEISTEN.
7.3 SOFERN WIR STOFFE UND MATERIALIEN BEIM LIEFERANTEN BEISTELLEN, WIRD DIE
VERARBEITUNG ODER UMBILDUNG DURCH DEN LIEFERANTEN FÜR UNS VORGENOMMEN. WIRD
UNSERE VORBEHALTSWARE MIT ANDEREN, UNS NICHT GEHÖRENDEN GEGENSTÄNDEN
VERARBEITET, SO ERWERBEN WIR DAS MITEIGENTUM AN DER NEUEN SACHE IM VERHÄLTNIS
DES WERTES UNSERER SACHE ZU DEN ANDEREN VERARBEITETEN GEGENSTÄNDEN ZUR ZEIT
DER VERARBEITUNG.
7.4 WERDEN VON UNS BEIGESTELLTE STOFFE UND MATERIALIEN MIT ANDEREN, UNS NICHT
GEHÖRENDEN GEGENSTÄNDEN UNTRENNBAR VERMISCHT, SO ERWERBEN WIR DAS MITEIGENTUM
AN DER NEUEN SACHE IM VERHÄLTNIS DES WERTES DER VORBEHALTSSACHE ZU DEN
ANDEREN VERMISCHTEN GEGENSTÄNDEN ZUM ZEITPUNKT DER VERMISCHUNG. ERFOLGT DIE
VERMISCHUNG IN DER WEISE, DASS DIE SACHE DES LIEFERANTEN ALS HAUPTSACHE
ANZUSEHEN IST, SO GILT ALS VEREINBART, DASS DER LIEFERANT UNS ANTEILMÄSSIG
MITEIGENTUM ÜBERTRÄGT; DER LIEFERANT VERWAHRT DAS ALLEINEIGENTUM ODER DAS
MITEIGENTUM UNENTGELTLICH FÜR UNS MIT DER SORGFALT EINES ORDENTLICHEN
KAUFMANNS.
7.5 WERKZEUGE, FORMEN, MUSTER, MODELLE, PROFILE, ZEICHNUNGEN, NORMENBLÄTTER,
DRUCKVORLAGEN UND LEHREN, DIE WIR DEM LIEFERANTEN ZUR VERFÜGUNG STELLEN ODER
DIE ZU VERTRAGSZWECKEN GEFERTIGT UND UNS DURCH DEN LIEFERANTEN GESONDERT
BERECHNET WERDEN, BLEIBEN UNSER EIGENTUM ODER GEHEN IN UNSER EIGENTUM ÜBER.
DER LIEFERANT IST VERPFLICHTET, DIESE GEGENSTÄNDE AUSSCHLIESSLICH FÜR DIE
HERSTELLUNG DER VON UNS BESTELLTEN LIEFERGEGENSTÄNDE EINZUSETZEN. SIE SIND
DURCH DEN LIEFERANTEN ALS UNSER EIGENTUM KENNTLICH ZU MACHEN UND GEGEN
UNBEFUGTE EINSICHTNAHME ODER VERWENDUNG ZU SICHERN. DER LIEFERANT IST
VERPFLICHTET, DIE UNS GEHÖRENDEN WERKZEUGE ZUM NEUWERT AUF EIGENE KOSTEN
GEGEN FEUER-, WASSER- UND DIEBSTAHLSCHADEN ZU VERSICHERN. GLEICHZEILIG TRITT
ER UNS SCHON JETZT ALLE ENTSCHÄDIGUNGSANSPRÜCHE AUS DIESER VERSICHERUNG AB;
WIR NEHMEN DIE ABTRETUNG HIERMIT AN. DER LIEFERANT IST FERNER VERPFLICHTET,
ETWA ERFORDERLICHE WARTUNGS UND INSPEKTIONSARBEITEN AN UNSEREN WERKZEUGEN
SOWIE ALLE INSTANDHALTUNGS- UND INSTANDSETZUNGSARBEITEN AUF EIGENE KOSTEN
RECHTZEITIG DURCHZUFÜHREN. ETWAIGE STÖRFÄLLE HAT ER UNS SOFORT ANZUZEIGEN;
UNTERLÄSST ER DIES SCHULDHAFT, SO BLEIBEN SCHADENERSATZANSPRÜCHE UNBERÜHRT.
DER LIEFERANT IST NACH AUFFORDERUNG VERPFLICHTET, DIE WERKZEUGE UND ANDERE
GEGENSTÄNDE IN ORDNUNGSGEMÄSSEN ZUSTAND AN UNS HERAUSZUGEBEN, WENN SIE VON
IHM NICHT MEHR ZUR ERFÜLLUNG DER MIT UNS GESCHLOSSENEN VERTRÄGE BENÖTIGT
WERDEN.
7.6 DIE ÜBEREIGNUNG DER VOM LIEFERANTEN GELIEFERTEN LIEFERGEGENSTÄNDE AN UNS
ERFOLGT UNBEDINGT UND OHNE RÜCKSICHT AUF DIE ZAHLUNG DES PREISES.
AUSGESCHLOSSEN SIND JEDENFALLS ALLE FORMEN DES ERWEITERTEN ODER VERLÄNGERTEN
EIGENTUMSVORBEHALTS, SO DASS EIN VOM LIEFERANTEN GGF. WIRKSAM ERKLÄRTER
EIGENTUMSVORBEHALT NUR BIS ZUR BEZAHLUNG DER AN UNS GELIEFERTEN WARE UND FÜR
DIESE GILT.
8. MÄNGELUNTERSUCHUNG
8.1 FÜR UNSERE RECHTE BEI SACH- UND RECHTSMÄNGELN DER LIEFERGEGENSTÄNDE
(EINSCHLIESSLICH FALSCH- UND MINDERLIEFERUNG SOWIE UNSACHGEMÄSSER MONTAGE,
MANGELHAFTER MONTAGE-, BETRIEBS- ODER BEDIENUNGSANLEITUNG) UND BEI SONSTIGEN
PFLICHTVERLETZUNGEN DURCH DEN LIEFERANTEN GELTEN DIE GESETZLICHEN
VORSCHRIFTEN, SOWEIT NACHFOLGEND NICHTS ANDERES BESTIMMT IST.
8.2 NACH DEN GESETZLICHEN VORSCHRIFTEN HAFTET DER LIEFERANT INSBESONDERE
DAFÜR, DASS DIE LIEFERGEGENSTÄNDE BEI GEFAHRÜBERGANG AUF UNS DIE VEREINBARTE
BESCHAFFENHEIT HABEN. ALS VEREINBARUNG ÜBER DIE BESCHAFFENHEIT GELTEN
JEDENFALLS DIEJENIGEN PRODUKTBESCHREIBUNGEN, DIE – INSBESONDERE DURCH
BEZEICHNUNG ODER BEZUGNAHME IN UNSERER BESTELLUNG – GEGENSTAND DES JEWEILIGEN
VERTRAGS SIND ODER IN GLEICHER WEISE WIE DIESE AEB IN DEN VERTRAG EINBEZOGEN
WURDEN. ES MACHT DABEI KEINEN UNTERSCHIED, OB DIE PRODUKTBESCHREIBUNG VON
UNS, VOM LIEFERANTEN ODER VOM HERSTELLER STAMMT.
8.3 ABWEICHEND VON § 442 ABS. 1 SATZ 2 BGB STEHEN UNS MÄNGELANSPRÜCHE
UNEINGESCHRÄNKT AUCH DANN ZU, WENN UNS DER MANGEL BEI VERTRAGSSCHLUSS INFOLGE
GROBER FAHRLÄSSIGKEIT UNBEKANNT GEBLIEBEN IST.
8.4 FÜR DIE KAUFMÄNNISCHE UNTERSUCHUNGS- UND RÜGEPFLICHT GELTEN, SOFERN
NICHTS ANDERES SCHRIFTLICH VEREINBART IST (Z.B.
QUALITÄTSSICHERUNGSVEREINBARUNG), DIE GESETZLICHEN VORSCHRIFTEN (§§ 377, 381
HGB) MIT FOLGENDER MASSGABE: UNSERE UNTERSUCHUNGSPFLICHT BESCHRÄNKT SICH AUF
MÄNGEL, DIE BEI UNSERER WARENEINGANGSKONTROLLE UNTER ÄUSSERLICHER
BEGUTACHTUNG EINSCHLIESSLICH DER LIEFERPAPIERE SOWIE BEI UNSERER
QUALITÄTSKONTROLLE IM STICHPROBENVERFAHREN OFFEN ZU TAGE TRETEN (Z.B.
TRANSPORTBESCHÄDIGUNGEN, FALSCH- UND MINDERLIEFERUNG). SOWEIT EINE ABNAHME
VEREINBART IST, BESTEHT KEINE UNTERSUCHUNGSPFLICHT. IM ÜBRIGEN KOMMT ES
DARAUF AN, INWIEWEIT EINE UNTERSUCHUNG UNTER BERÜCKSICHTIGUNG DER UMSTÄNDE
DES EINZELFALLS NACH ORDNUNGSGEMÄSSEM GESCHÄFTSGANG TUNLICH IST. UNSERE
RÜGEPFLICHT FÜR SPÄTER ENTDECKTE MÄNGEL BLEIBT UNBERÜHRT. IN ALLEN FÄLLEN
GILT UNSERE RÜGE (MÄNGELANZEIGE) ALS UNVERZÜGLICH UND RECHTZEITIG, WENN SIE
INNERHALB VON FÜNF ARBEITSTAGEN, GERECHNET AB WARENEINGANG ODER BEI
VERSTECKTEN MÄNGELN AB ENTDECKUNG, BEIM LIEFERANTEN EINGEHT.
8.5 DIE ZUM ZWECK DER PRÜFUNG UND NACHBESSERUNG VOM LIEFERANTEN AUFGEWENDETEN
KOSTEN TRÄGT DIESER AUCH DANN, WENN SICH HERAUSSTELLT, DASS TATSÄCHLICH KEIN
MANGEL VORLAG. UNSERE SCHADENSERSATZHAFTUNG BEI UNBERECHTIGTEM
MÄNGELBESEITIGUNGSVERLANGEN BLEIBT UNBERÜHRT; INSOWEIT HAFTEN WIR JEDOCH NUR,
WENN WIR ERKANNT ODER GROB FAHRLÄSSIG NICHT ERKANNT HABEN, DASS KEIN MANGEL
VORLAG.
8.6 KOMMT DER LIEFERANT SEINER VERPFLICHTUNG ZUR NICHTERFÜLLUNG – NACH
UNSERER WAHL DURCH BESEITIGUNG DES MANGELS (NACHBESSERUNG) ODER DURCH
LIEFERUNG EINER MANGELFREIEN SACHE (ERSATZLIEFERUNG) – INNERHALB EINER VON
UNS GESETZTEN, ANGEMESSENEN FRIST NICHT NACH, SO KÖNNEN WIR DEN MANGEL SELBST
BESEITIGEN UND VOM LIEFERANTEN ERSATZ DER HIERFÜR ERFORDERLICHEN AUFWENDUNGEN
BZW. EINEN ENTSPRECHENDEN VORSCHUSS VERLANGEN. IST DIE NICHTERFÜLLUNG DURCH
DEN LIEFERANTEN FEHLGESCHLAGEN ODER FÜR UNS UNZUMUTBAR (Z.B. WEGEN BESONDERER
DRINGLICHKEIT GEFÄHRDUNG DER BETRIEBSSICHERHEIT ODER DROHENDEM EINTRITT
UNVERHÄLTNISMÄSSIGER SCHADEN) BEDARF ES KEINER FRISTSETZUNG; DER LIEFERANT
IST UNVERZÜGLICH, NACH MÖGLICHKEIT VORHER, ZU UNTERRICHTEN.
8.7 IM ÜBRIGEN SIND WIR BEI EINEM SACH- ODER RECHTSMANGEL NACH DEN
GESETZLICHEN VORSCHRIFTEN ZUR MINDERUNG DES KAUFPREISES ODER ZUM RÜCKTRITT
VOM VERTRAG BERECHTIGT. AUSSERDEM HABEN WIR NACH DEN GESETZLICHEN
VORSCHRIFTEN ANSPRUCH AUF SCHADENS- UND AUFWENDUNGSERSATZ.
8.8 DURCH ABNAHME ODER DURCH BILLIGUNG VON VORGELEGTEN MUSTERN ODER PROBEN
VERZICHTEN WIR NICHT AUF GEWÄHRLEISTUNGSANSPRÜCHE.
9. COMPLIANCE-GRUNDSÄTZE FÜR DIE ZUSAMMENARBEIT
9.1 DER LIEFERANT, SEINE MITARBEITER UND VON IHM MÖGLICHERWEISE BEAUFTRAGTE
SUBUNTERNEHMER ODER SONSTIGE ERFÜLLUNGSGEHILFEN WERDEN DIE
VERTRAGSGEGENSTÄNDLICHEN LEISTUNGEN IM EINKLANG MIT DEN ANWENDBAREN
NATIONALEN UND INTERNATIONALEN RECHTSVORSCHRIFTEN ERBRINGEN. DAS GILT
INSBESONDERE, JEDOCH NICHT AUSSCHLIESSLICH, FÜR DIE ANWENDBAREN
RECHTSVORSCHRIFTEN DER FOLGENDEN LÄNDER: • DEUTSCHLAND; • USA; • IRLAND; UND
• UK.
9.2 FERNER GILT DIES INSBESONDERE, JEDOCH NICHT AUSSCHLIESSLICH, FÜR DIE
ANWENDBAREN RECHTSVORSCHRIFTEN IN DEN FOLGENDEN RECHTSGEBIETEN: •
ANTIKORRUPTIONSRECHT; • KARTELL- UND WETTBEWERBSRECHT; •
AUSSENWIRTSCHAFTSRECHT; • UMWELTRECHT; • DATENSCHUTZRECHT.
9.3 DER LIEFERANT SICHERT ZU, DASS SEINE MITARBEITER UND VON IHR
MÖGLICHERWEISE BEAUFTRAGTE SUBUNTERNEHMER ODER SONSTIGE ERFÜLLUNGSGEHILFEN
MIT DEN GEBOTEN UND VERBOTEN DER RECHTSVORSCHRIFTEN VERTRAUT SIND, DIE AUF
DIE VERTRAGSGEGENSTÄNDLICHEN LEISTUNGEN ANWENDBAR SIND.
9.4 DER LIEFERANT, SEINE MITARBEITER UND VON IHM MÖGLICHERWEISE BEAUFTRAGTE
SUBUNTERNEHMER ODER SONSTIGE ERFÜLLUNGSGEHILFEN WERDEN DIE
VERTRAGSGEGENSTÄNDLICHEN LEISTUNGEN INSBESONDERE IM EINKLANG MIT DEN
ANWENDBAREN RECHTSVORSCHRIFTEN ZUR BEKÄMPFUNG VON KORRUPTION ERBRINGEN. SIE
WERDEN WEDER SELBST NOCH ÜBER DRITTE GELD, GESCHENKE, EINLADUNGEN ODER ANDERE
UNZULÄSSIGE VORTEILE PERSONEN GEWAHREN ODER VERSPRECHEN, DIE ENTSCHEIDUNGEN
IM HINBLICK AUF UNS TREFFEN. SIE KÖNNEN SOLCHEN PERSONEN NUR DANN GESCHENKE,
BEWIRTUNGEN ODER SONSTIGE VORTEILE ANBIETEN ODER GEWAHREN, WENN WIR VORHER
SCHRIFTLICH ZUGSTIMMT HAT.
9.5 DER LIEFERANT VERPFLICHTET SICH, NACH JEDEM VOLLEN JAHR DER
VERTRAGSLAUFZEIT INNERHALB VON VIERZEHN TAGEN EINE SCHRIFTLICHE BESTÄTIGUNG
AN UNS ZU SCHICKEN, DASS ER, SEINE MITARBEITER SOWIE VON IHM MÖGLICHERWEISE
BEAUFTRAGTE SUBUNTERNEHMER ODER SONSTIGE ERFÜLLUNGSGEHILFEN BEI ALLEN
VERTRAGSGEGENSTÄNDLICHEN LEISTUNGEN DIE BESTIMMUNGEN DER ZIFFERN 9.1, 9.2,
9.3 UND 6.1 – SUBUNTERNEHMER BEFOLGT HABEN. SOLANGE DER LIEFERANT DIE
BESTÄTIGUNG NICHT GESCHICKT HAT, HABEN WIR DAS RECHT, ALLE AUSSTEHENDEN
ZAHLUNGEN ZURÜCKZUHALTEN.
9.6 WENN DER LIEFERANT, SEINE MITARBEITER UND VON IHM MÖGLICHERWEISE
BEAUFTRAGTE SUBUNTERNEHMEN ODER SONSTIGE ERFÜLLUNGSGEHILFEN GEGEN
BESTIMMUNGEN DER ZIFFERN 9.1, 9.2, 9.3 UND 6.1 - SUBUNTERNEHMER VERSTOSSEN,
SIND WIR BERECHTIGT DIE VERTRAGLICHE BEZIEHUNG MIT DEM LIEFERANTEN
AUSSERORDENTLICH FRISTLOS ZU KÜNDIGEN.
9.7 DER LIEFERANT IST VERPFLICHTET, UNS DEN SCHADEN, INSBESONDERE
EINSCHLIESSLICH MEHRSTEUERN, HOHEITLICHER SANKTIONEN,
RECHTSVERTEIDIGUNGSKOSTEN ETC.) ZU ERSETZEN.
10. PRODUKTHAFTUNG, FREISTELLUNG, HAFTPFLICHTVERSICHERUNG
10.1 DER LIEFERANT HAFTET DAFÜR, DASS DIE GELIEFERTE WARE DEN VEREINBARTEN
PRODUKTSPEZIFIKATIONEN SOWIE DEN AKTUELLEN GESETZLICHEN BESTIMMUNGEN DES
JEWEILIGEN LANDES, IN ERMANGELUNG SOLCHER ZUMINDEST DEN HANDELSÜBLICHEN
QUALITÄTSBESTIMMUNGEN, ENTSPRICHT UND DARÜBER HINAUS FREI VON MÄNGELN ODER
FEHLERN IM SINNE DES PRODUKTHAFTUNGSGESETZES IST.
10.2 SOWEIT DER LIEFERANT FÜR EINEN PRODUKTSCHADEN VERANTWORTLICH IST, IST ER
VERPFLICHTET, UNS INSOWEIT VON SCHADENERSATZANSPRÜCHEN DRITTER AUF ERSTES
ANFORDERN FREIZUSTELLEN, ALS DIE URSACHE IN SEINEM HERRSCHAFTS- UND
ORGANISATIONSBEREICH GESETZT IST UND ER IM AUSSENVERHÄLTNIS SELBST HAFTET.
10.3 BEI ROHSTOFFEN UND PRIMÄR-PACKSTOFFEN GARANTIERT DER LIEFERANT DIE
JEDERZEITIGE LÜCKENLOSE RÜCKVERFOLGBARKEIT DER JEWEILIGEN PRODUKTE.
10.4 IM RAHMEN SEINER HAFTUNG FÜR SCHADENSFÄLLE IM SINN VON ZIFFER 10.1 IST
DER LIEFERANT AUCH VERPFLICHTET, ETWAIGE AUFWENDUNGEN GEMÄSS §§ 683, 670 BGB
ODER GEMÄSS §§ 830, 840, 426 BGB ZU ERSTATTEN, DIE SICH AUS ODER IM
ZUSAMMENHANG MIT EINER VON UNS DURCHGEFÜHRTEN RÜCKRUFAKTION ERGEBEN. ÜBER
INHALT UND UMFANG DER DURCHZUFÜHRENDEN RÜCKRUFMASSNAHMEN WERDEN WIR DEN
LIEFERANTEN – SOWEIT MÖGLICH UND ZUMUTBAR – UNTERRICHTEN UND IHM GELEGENHEIT
ZUR STELLUNGNAHME GEBEN. UNBERÜHRT BLEIBEN SONSTIGE GESETZLICHE ANSPRÜCHE.
10.5 DER LIEFERANT VERPFLICHTET SICH, EINE PRODUKTHAFTPFLICHT-VERSICHERUNG
MIT EINER DECKUNGSSUMME VON MINDESTENS EUR 1.000.000 PRO PERSONENSCHADEN /
SACHSCHADEN – PAUSCHAL – ZU UNTERHALTEN; STEHEN UNS WEITERGEHENDE
SCHADENERSATZANSPRÜCHE ZU, SO BLEIBEN DIESE UNBERÜHRT.
10.6 WIR SIND BERECHTIGT, IM RAHMEN DURCHZUFÜHRENDER BEWERTUNGEN DES
VEREINBARTEN QUALITÄTSSTANDARDS WÄHREND DER ÜBLICHEN BETRIEBS- UND
GESCHÄFTSSTUNDEN NACH VORHERIGER ANMELDUNG DAS WERK DES LIEFERANTEN ZU
BETRETEN.
11. SCHUTZRECHTE DRITTER
11.1 DER LIEFERANT GEWÄHRLEISTET, DASS IM ZUSAMMENHANG MIT SEINER LIEFERUNG
KEINE SCHUTZRECHTE DRITTER IN LÄNDERN DER EUROPÄISCHEN UNION, NORDAMERIKA
ODER ANDEREN LÄNDERN, IN DENEN ER DIE PRODUKTE HERSTELLT ODER HERSTELLEN
LÄSST, VERLETZT WERDEN.
11.2 WERDEN WIR VON EINEM DRITTEN WEGEN DER IN ZIFFER 11.1 GENANNTEN
VERLETZUNG VON SCHUTZRECHTEN IN ANSPRUCH GENOMMEN, SO IST DER LIEFERANT
VERPFLICHTET, UNS VON DIESEN ANSPRÜCHEN FREIZUSTELLEN SOFERN DIESE ANSPRÜCHE
NICHT OFFENSICHTLICH UNBEGRÜNDET SIND.
11.3 WIR SIND NICHT BERECHTIGT, MIT DEM DRITTEN – OHNE ZUSTIMMUNG DES
LIEFERANTEN – IRGENDWELCHE VEREINBARUNGEN ZU TREFFEN, INSBESONDERE EINEN
VERGLEICH ABZUSCHLIESSEN.
11.4 DIE FREISTELLUNGSPFLICHT DES LIEFERANTEN BEZIEHT SICH AUF ALLE
AUFWENDUNGEN, DIE UNS AUS ODER IM ZUSAMMENHANG MIT DER INANSPRUCHNAHME DURCH
EINEN DRITTEN NOTWENDIGERWEISE ERWACHSEN.
12. NUTZUNGSRECHTE AN SOFTWARE
12.1 DER LIEFERANT GEWÄHRT UNS DAS NICHTAUSSCHLIESSLICHE, ÜBERTRAGBARE,
WELTWEITE, INHALTLICH UND ZEITLICH UNBEGRENZTE RECHT,
12.1.1 SOFTWARE UND DIE DAZUGEHÖRIGE DOKUMENTATION (ZUSAMMEN IM FOLGENDEN
"SOFTWARE" GENANNT) ZU NUTZEN ODER NUTZEN ZU LASSEN;
12.1.2 DAS NUTZUNGSRECHT GEMÄSS ZIFFER 12.1.1 AN MIT UNS VERBUNDENE
UNTERNEHMEN I.S.V. § 15 AKTG, AN DISTRIBUTOREN UND AN ENDKUNDEN ZU
UNTERLIZENZIEREN;
12.1.3 MIT UNS VERBUNDENEN UNTERNEHMEN I.S.V. § 15 AKTG UND ANDEREN
DISTRIBUTOREN DAS RECHT EINZURÄUMEN, ENDKUNDEN DAS NUTZUNGSRECHT GEMÄSS
ZIFFER 12.1.1 ZU LIZENSIEREN;
12.1.4 DIE SOFTWARE ZU KOPIEREN ODER DURCH MIT UNS VERBUNDENE UNTERNEHMEN
I.S.V. § 15 AKTG ODER ANDERE DISTRIBUTOREN KOPIEREN ZU LASSEN, SOWEIT DIES
FÜR DIE NUTZUNG, ÜBERTRAGUNG, UNTERLIZENSIERUNG ODER ALS SICHERUNGSKOPIE
ERFORDERLICH IST.
12.2 WIR, UNSERE VERBUNDENEN UNTERNEHMEN I.S.V. § 15 AKTG UND ANDERE
DISTRIBUTOREN SIND ZUSÄTZLICH ZU DEN NACH ZIFFER 12.1 EINGERÄUMTEN RECHTEN
BEFUGT, ENDKUNDEN DIE ÜBERTRAGUNG DER SOFTWARELIZENZEN ZU GESTATTEN.
12.3 ALLE VON UNS GEWÄHRTEN UNTERLIZENZEN MÜSSEN ANGEMESSENEN SCHUTZ FÜR DAS
GEISTIGE EIGENTUM DES LIEFERANTEN AN DER SOFTWARE VORSEHEN, INDEM GEGENÜBER
DEN UNTERLIZENZNEHMERN / ÜBERTRAGUNGSEMPFÄNGERN DIESELBEN VERTRAGLICHEN
BESTIMMUNGEN VERWENDET WERDEN, DIE DER LIEFERANT ZUM SCHUTZ DES EIGENEN
GEISTIGEN EIGENTUMS VERWENDET.
13. ABTRETUNG, INSOLVENZ DES LIEFERANTEN
13.1 DER LIEFERANT IST NICHT BERECHTIGT, SEINE FORDERUNGEN AUS DEM
VERTRAGSVERHÄLTNIS MIT UNS AN DRITTE ABZUTRETEN. DIES GILT NICHT, SOWEIT ES
SICH UM GELDFORDERUNGEN HANDELT.
13.2 WIR KÖNNEN VOM VERTRAG ZURÜCKTRETEN, WENN DER LIEFERANT SEINE ZAHLUNGEN
EINSTELLT ODER DAS INSOLVENZVERFAHREN ODER EIN VERGLEICHBARES GESETZLICHES
VERFAHREN BEANTRAGT ODER EIN SOLCHES VERFAHREN ERÖFFNET WIRD ODER DESSEN
ERÖFFNUNG MANGELS MASSE ABGELEHNT WIRD.
14. KÜNDIGUNG, CHANGE OF CONTROL
14.1 WIR SIND BERECHTIGT, DIE VERTRAGLICHE BEZIEHUNG ZUM LIEFERANTEN
JEDERZEIT DURCH SCHRIFTLICHE ERKLÄRUNG UNTER ANGABE DES GRUNDES ZU KÜNDIGEN,
WENN WIR DIE BESTELLTEN PRODUKTE IN UNSEREM GESCHÄFTSBETRIEB AUFGRUND BEI
VERTRAGSSCHLUSS NICHT ERKENNBAREN UMSTÄNDEN NICHT MEHR VERWENDEN KÖNNEN. DEM
LIEFERANTEN WERDEN WIR IN DIESEM FALL DIE VON IHM ERBRACHTE TEILLEISTUNG
VERGÜTEN.
14.2 IM FALLE EINES KONTROLLWECHSELS IM SINNE VON ZIFFER 14.3 HABEN WIR EIN
EINMALIGES SONDERKÜNDIGUNGSRECHT, DIE VERTRAGLICHE BEZIEHUNG MIT DEM
LIEFERANTEN MIT EINER KÜNDIGUNGSFRIST VON VIER WOCHEN ZUM MONATSENDE ZU
KÜNDIGEN. DAS SONDERKÜNDIGUNGSRECHT BESTEHT INNERHALB VON DREI MONATEN,
NACHDEM DEM UNS DER KONTROLLWECHSEL BEKANNT GEWORDEN IST. DEM LIEFERANTEN
WERDEN WIR IN DIESEM FALL DIE VON IHM ERBRACHTE TEILLEISTUNG VERGÜTEN.
14.3 EIN KONTROLLWECHSEL LIEGT VOR, WENN EIN DRITTER ODER MEHRERE GEMEINSAM
HANDELNDE DRITTE MEHR ALS 50 % DER GESCHÄFTSANTEILE DES LIEFERANTEN ERWERBEN.
15. VERTRAULICHKEIT
15.1 DER LIEFERANT IST VERPFLICHTET, DEN INHALT UNSERER GESCHÄFTSBEZIEHUNG
VERTRAULICH ZU BEHANDELN UND DRITTEN NICHT ZU OFFENBAREN ODER SONST
UNMITTELBAR ODER MITTELBAR ZUGANGLICH ZU MACHEN.
15.2 DER LIEFERANT WIRD GESCHÄFTS- UND BETRIEBSGEHEIMNISSE, DIE IHM IM
ZUSAMMENHANG MIT UNSERER VERTRAGLICHEN BEZIEHUNG ANVERTRAUT ODER BEKANNT
GEWORDEN SIND ("GEHEIME INFORMATIONEN"), GEHEIM HALTEN UND VERTRAULICH
BEHANDELN, NICHT WEITERGEBEN, AUSSCHLIESSLICH ZUR DURCHFÜHRUNG UNSERER
GESCHÄFTSBEZIEHUNG VERWENDEN UND AUCH NACH BEENDIGUNG UNSERER
GESCHÄFTSBEZIEHUNG WEDER FÜR SICH NOCH FÜR ANDERE VERWERTEN.
15.3 DER LIEFERANT DARF GEHEIME INFORMATIONEN AN SEINE MITARBEITER ODER AN
DRITTE, SOWEIT DIESE IN DIE DURCHFÜHRUNG UNSERER GESCHÄFTSBEZIEHUNG
EINGEBUNDEN SIND UND DIE GEHEIMEN INFORMATIONEN KENNEN MÜSSEN, WEITERGEBEN.
SOWEIT EINE WEITERGABE GEHEIMER INFORMATIONEN HIERNACH ZULÄSSIG IST,
VERPFLICHTET DER LIEFERANT, DIE INFORMATIONSWEITERGABE AN SOLCHE MITARBEITER
ODER DRITTE AUF DEN FÜR DIE DURCHFÜHRUNG UNSERER GESCHÄFTSBEZIEHUNG
ERFORDERLICHEN UMFANG ZU BEGRENZEN. DER LIEFERANT VERPFLICHTET SICH, SOLCHE
MITARBEITER ODER DRITTE ÜBER DIE AUFGRUND UNSERER GESCHÄFTSBEZIEHUNG
BESTEHENDE GEHEIMHALTUNGSVERPFLICHTUNG VOR BEKANNTGABE EINER GEHEIMEN
INFORMATION ZU INFORMIEREN UND ENTSPRECHEND ZUR GEHEIMHALTUNG ZU
VERPFLICHTEN, BEVOR DIE MITARBEITER ODER DRITTE ZUGANG ZU GEHEIMEN
INFORMATIONEN ERHALTEN. DER LIEFERANT STEHT FÜR DIE EINHALTUNG DER
VERPFLICHTUNGEN GEMÄSS DIESEN AEB DURCH DIE VORGENANNTEN PERSONEN EIN.
15.4 DIE VERPFLICHTUNG ZUR GEHEIMHALTUNG UND NICHT-WEITERGABE FINDET NUR
ANWENDUNG AUF INFORMATIONEN, DIE • NICHT BEREITS ALLGEMEIN BEKANNT SIND ODER
• DER DIE GEHEIMEN INFORMATIONEN EMPFANGENDEN LIEFERANTEN NICHT BEREITS
VORHER VON UNS ODER AUF NICHT VERTRAULICHER BASIS GEWAHRT WORDEN WAREN ODER •
DER DIE GEHEIMEN INFORMATIONEN EMPFANGENDEN PARTEI NICHT VON DRITTEN AUF
NICHT VERTRAULICHER BASIS ZUGÄNGLICH GEMACHT WURDEN, ES SEI DENN, DASS DER
DIE GEHEIMEN INFORMATIONEN EMPFANGENDEN PARTEI BEKANNT WAR, DASS DIESER
DRITTE SEINERSEITS DURCH DIE WEITERGABE EINE GEHEIMHALTUNGSVEREINBARUNG MIT
DER ANDEREN PARTEI VERLETZT HAT.
15.5 EINE GEHEIMHALTUNGSPFLICHT BESTEHT NICHT, SOWEIT DIE DIE GEHEIMEN
INFORMATIONEN EMPFANGENDE PARTEI GESETZLICH VERPFLICHTET IST, GEHEIME
INFORMATIONEN IN GERICHTLICHEN, BEHÖRDLICHEN ODER SONSTIGEN VERFAHREN ZU
OFFENBAREN.
15.6 DER LIEFERANT VERPFLICHTET SICH, AUF SCHRIFTLICHE ANFORDERUNG VON UNS,
JEDENFALLS ABER SPÄTESTENS MIT BEENDIGUNG DER VERTRAGLICHEN BEZIEHUNG,
SÄMTLICHE IHR IM ZUSAMMENHANG DER VERTRAGLICHEN BEZIEHUNG ÜBERLASSENEN
UNTERLAGEN, DATEIEN UND DATENTRÄGER (GLEICH WELCHER ART) SOWIE SÄMTLICHE
KOPIEN ODER TEILE HIERVON, DIE SICH NOCH IN SEINEM BESITZ BEFINDEN UND
GEHEIME INFORMATIONEN BEINHALTEN ODER SICH AUF SOLCHE BEZIEHEN, AN UNS
ZURÜCKZUGEBEN ODER ZU ZERSTÖREN UND DIE ZERSTÖRUNG SCHRIFTLICH ZU BESTÄTIGEN
SOWEIT NICHT AUS GRÜNDEN ZWINGENDEN RECHTS ODER ZUR WAHRUNG BERECHTIGTER
INTERESSEN DER DIE GEHEIMEN INFORMATIONEN EMPFANGENDEN LIEFERANTEN OHNE
GEFÄHRDUNG DER VERTRAULICHKEIT EIN VERBLEIB SOLCHER UNTERLAGEN ODER KOPIEN
HIERVON BEI IHR ERFORDERLICH IST.
15.7 OHNE UNSERE VORHERIGE SCHRIFTLICHE ZUSTIMMUNG DARF DER LIEFERANT IN
WERBEMATERIAL, BROSCHÜREN, ETC. NICHT AUF DIE GESCHÄFTSVERBINDUNG MIT UNS
HINWEISEN UND FÜR UNS GEFERTIGTE LIEFERGEGENSTÄNDE NICHT AUSSTELLEN.
16. VERJÄHRUNG
16.1 DIE WECHSELSEITIGEN ANSPRÜCHE DER VERTRAGSPARTEIEN VERJÄHREN NACH DEN
GESETZLICHEN VORSCHRIFTEN, SOWEIT NACHFOLGEND NICHTS ANDERES BESTIMMT IST.
16.2 ABWEICHEND VON § 438 ABS. 1 NR. 3 BGB BETRÄGT DIE ALLGEMEINE
VERJÄHRUNGSFRIST FÜR MÄNGELANSPRÜCHE DREI JAHRE AB GEFAHRÜBERGANG. SOWEIT
EINE ABNAHME VEREINBART IST, BEGINNT DIE VERJÄHRUNG MIT DER ABNAHME. DIE
3-JÄHRIGE VERJÄHRUNGSFRIST GILT ENTSPRECHEND AUCH FÜR ANSPRÜCHE AUS
RECHTSMÄNGELN, WOBEI DIE GESETZLICHE VERJÄHRUNGSFRIST FÜR DINGLICHE
HERAUSGABEANSPRÜCHE DRITTER (§ 438 ABS. 1 NR. 1 BGB) UNBERÜHRT BLEIBT;
ANSPRÜCHE AUS RECHTSMÄNGELN VERJÄHREN DARÜBER HINAUS IN KEINEM FALL, SOLANGE
DER DRITTE DAS RECHT – INSBESONDERE MANGELS VERJÄHRUNG – NOCH GEGEN UNS
GELTEND MACHEN KANN.
16.3 DIE VERJÄHRUNGSFRISTEN DES KAUFRECHTS EINSCHLIESSLICH VORSTEHENDER
VERLÄNGERUNG GELTEN – IM GESETZLICHEN UMFANG – FÜR ALLE VERTRAGLICHEN
MÄNGELANSPRÜCHE. SOWEIT UNS WEGEN EINES MANGELS AUCH AUSSERVERTRAGLICHE
SCHADENERSATZANSPRÜCHE ZUSTEHEN, GILT HIERFÜR DIE REGELMÄSSIGE GESETZLICHE
VERJÄHRUNG (§§ 195, 199 BGB), WENN NICHT DIE ANWENDUNG DER VERJÄHRUNGSFRISTEN
DES KAUFRECHTS IM EINZELFALL ZU EINER LÄNGEREN VERJÄHRUNGSFRIST FÜHRT.
16.4 BEI ERSATZLIEFERUNG UND MÄNGELBESEITIGUNG BEGINNT DIE
GEWÄHRLEISTUNGSFRIST FÜR ERSETZTE UND NACHGEBESSERTE TEILE ERNEUT, ES SEI
DENN, WIR MUSSTEN NACH DEM VERHALTEN DES LIEFERANTEN DAVON AUSGEHEN, DASS
DIESER SICH NICHT ZU DER MASSNAHME VERPFLICHTET SAH, SONDERN DIE
ERSATZLIEFERUNG ODER MÄNGELBESEITIGUNG NUR AUS KULANZGRÜNDEN ODER ÄHNLICHEN
GRÜNDEN VORNAHM.
17. SCHLUSSBESTIMMUNGEN
17.1 SOWEIT DER VERTRAG ODER DIESE AEB REGELUNGSLÜCKEN ENTHALTEN, GELTEN ZUR
AUSFÜLLUNG DIESER LÜCKEN DIEJENIGEN RECHTLICH WIRKSAMEN REGELUNGEN ALS
VEREINBART, WELCHE DIE VERTRAGSPARTNER NACH DEN WIRTSCHAFTLICHEN
ZIELSETZUNGEN DES VERTRAGS UND DEM ZWECK DIESER AEB VEREINBART HATTEN, WENN
SIE DIE REGELUNGSLÜCKE GEKANNT HATTEN.
17.2 AUSSCHLIESSLICHER GERICHTSSTAND FÜR ALLE RECHTSSTREITIGKEITEN AUS DER
GESCHÄFTSBEZIEHUNG ZWISCHEN UNS UND DEM LIEFERANTEN IST FRANKFURT AM MAIN;
WIR SIND JEDOCH AUCH BERECHTIGT, KLAGE AM ALLGEMEINEN GERICHTSSTAND DES
LIEFERANTEN ZU ERHEBEN.
17.3 FÜR ALLE RECHTSBEZIEHUNGEN ZWISCHEN UNS UND DEM LIEFERANTEN GILT
AUSSCHLIESSLICH DAS RECHT DER BUNDESREPUBLIK DEUTSCHLAND UNTER AUSSCHLUSS DES
ÜBEREINKOMMENS DER VEREINTEN NATIONEN ÜBER VERTRÄGE ÜBER DEN INTERNATIONALEN
WARENEINKAUF (UNKAUFRECHT/CISG) VOM 1. APRIL 1980.
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WHICH WOULD PROHIBIT YOUR REGISTRATION, ACCESS, OR PARTICIPATION IN THE EVENT;
AND (II) YOU ARE NOT LOCATED IN, AN AGENCY OR INSTRUMENTALITY OF, OWNED OR
CONTROLLED BY, ACTING FOR OR ON BEHALF OF, OR OTHERWISE ORGANIZED UNDER THE LAWS
OF OR RESIDENT IN A COUNTRY OR TERRITORY THAT IS, OR WHOSE GOVERNMENT IS, THE
SUBJECT OF ECONOMIC SANCTIONS THAT BROADLY PROHIBIT DEALINGS WITH THAT COUNTRY
OR TERRITORY WHICH WOULD PROHIBIT YOUR REGISTRATION, ACCESS, OR PARTICIPATION IN
THE EVENT. YOU ACKNOWLEDGE AND AGREE THAT S&P GLOBAL HAS THE RIGHT TO
IMMEDIATELY TERMINATE ALL APPLICABLE SERVICES OR REMOVE YOU FROM ANY EVENT, IF
S&P GLOBAL DETERMINES, IN ITS SOLE DISCRETION, THAT S&P GLOBAL IS REQUIRED TO DO
SO IN ORDER TO COMPLY WITH APPLICABLE LAW, OR YOU HAVE BREACHED ANY OF THE
REPRESENTATIONS OR WARRANTIES IN THIS PARAGRAPH.
3. ADDITIONAL PRODUCT SPECIFIC RESTRICTIONS ON USE
3.1 S&P GLOBAL RATINGS.
HISTORICAL RATINGS PURSUANT TO SEC RULE 17G-7(B)
HISTORICAL S&P GLOBAL RATINGS CREDIT RATINGS IN EACH CLASS OF CREDIT RATING FOR
WHICH S&P GLOBAL RATINGS IS REGISTERED AS A NATIONALLY RECOGNIZED STATISTICAL
RATING ORGANIZATION ("NRSRO") IS AVAILABLE AT THE REGULATORY TAB (COLLECTIVELY,
THE "RATINGS HISTORY") AT WWW.SPGLOBAL.COM/RATINGS. THE RATINGS HISTORY IS MADE
AVAILABLE FREE OF CHARGE SUBJECT TO APPLICABLE TIME DELAYS. IT IS INTENDED THAT
THE AVAILABILITY OF RATINGS HISTORY ON THIS WEBSITE WILL ADVANCE THE SECURITIES
AND EXCHANGE COMMISSION ("SEC") GOAL OF FOSTERING ACCOUNTABILITY AND
COMPARABILITY AMONG NRSROS WITH RESPECT TO ISSUER-PAID CREDIT RATINGS. AS SUCH,
THE RATINGS HISTORY MAY BE USED TO, INTER ALIA, PERFORM ANALYSIS COMPARING HOW
DIFFERENT NRSROS PERFORM IN THE CLASS OF CREDIT RATINGS FOR WHICH THEY ARE
REGISTERED.
RATINGS HISTORY MAY NOT BE USED OR DISSEMINATED IN A MANNER THAT WOULD SERVE AS
A SUBSTITUTE FOR ANY S&P GLOBAL RATINGS PRODUCT OR SERVICE FOR WHICH A FEE IS
CHARGED. THIS RESTRICTION IS NOT INTENDED TO PREVENT THE USE OF THE RATINGS
HISTORY IN ACCORDANCE WITH THE SEC’S STATED OBJECTIVES FOR SEC RULE 17G-7(B).
NON-HISTORICAL RATINGS
ALL RATINGS ON THIS WEBSITE, EXCLUDING ONLY THE RATINGS HISTORY, ARE REFERRED TO
AS "NON-HISTORICAL RATINGS," REGARDLESS OF THEIR CURRENCY OR DATE OF ISSUANCE.
EXCEPT AS EXPRESSLY SET FORTH BELOW, YOU AGREE NOT TO COPY, REPRODUCE, MODIFY,
CREATE DERIVATIVE WORKS FROM, OR STORE ANY NON-HISTORICAL RATINGS, IN WHOLE OR
IN PART, FROM THIS WEBSITE OR TO DISPLAY, PERFORM, PUBLISH, DISTRIBUTE,
TRANSMIT, BROADCAST OR CIRCULATE ANY NON-HISTORICAL RATINGS TO ANYONE, OR USE
ANY NON-HISTORICAL RATINGS FOR ANY COMMERCIAL PURPOSE, WITHOUT THE EXPRESS PRIOR
WRITTEN CONSENT OF S&P GLOBAL RATINGS. YOU MAY, (A) ON AN AD HOC BASIS, USE
INDIVIDUAL NON-HISTORICAL RATINGS IN THE ORDINARY COURSE OF SECURITIES
DISCLOSURE ACTIVITIES AND THE DRAFTING OF TRANSACTION DOCUMENTS INTERNALLY
WITHIN YOUR ORGANIZATION OR PUBLISH, ON A NON-COMMERCIAL BASIS, SELECTED
INDIVIDUAL NON-HISTORICAL RATINGS, AND (B) ONLY INSOFAR AS YOU ARE DIRECTLY
COMPELLED BY APPLICABLE LAW OR REGULATION: (1) INCLUDE CREDIT RATINGS WITHIN A
REPORT REQUIRED BY THAT LAW OR REGULATION AND (2) DELIVER SUCH REPORT ONLY TO
SUCH REGULATOR, OR AUTHORITY OR GOVERNMENT AGENCY AS IS IDENTIFIED BY THAT LAW
OR REGULATION AND SOLELY INSOFAR AS TO MEET YOUR OWN OBLIGATIONS UNDER THAT LAW
OR REGULATION AND NOT FOR THE BENEFIT OF ANOTHER PARTY.
NOTWITHSTANDING THE FOREGOING, NON-HISTORICAL RATINGS MAY NOT (I) BE COMPILED
INTO A DATABASE; (II) BE USED OR DISSEMINATED IN A MANNER THAT WOULD SERVE AS A
SUBSTITUTE FOR ANY S&P GLOBAL PRODUCT OR SERVICE FOR WHICH A FEE IS CHARGED; OR
(III) BE SYSTEMATICALLY DISTRIBUTED OR SHARED.
NARRATIVE AND OTHER CONTENT
YOU MAY ALSO, ON AN OCCASIONAL, AD HOC BASIS, REPRODUCE, DISTRIBUTE, DISPLAY OR
TRANSMIT AN INSUBSTANTIAL PORTION OF OTHER NARRATIVE (NON-RATINGS) CONTENT
("NARRATIVE CONTENT"), FOR A NON-COMMERCIAL PURPOSE AND WITHOUT CHARGE, TO A
LIMITED NUMBER OF INDIVIDUALS, PROVIDED YOU INCLUDE ALL COPYRIGHT AND OTHER
PROPRIETARY RIGHTS NOTICES AND THE S&P GLOBAL RATINGS DISCLAIMER WITH SUCH
PORTION OF THE NARRATIVE CONTENT IN THE SAME FORM IN WHICH THE NOTICES AND
DISCLAIMER APPEAR ON THE WEBSITE, THE ORIGINAL SOURCE ATTRIBUTION, AND THE
PHRASE "USED WITH PERMISSION FROM S&P GLOBAL RATINGS." HOWEVER, YOU MAY NOT POST
NARRATIVE CONTENT FROM THIS WEBSITE TO FORUMS, NEWSGROUPS, LIST SERVES, MAILING
LISTS, ELECTRONIC BULLETIN BOARDS, OR OTHER SITES, WITHOUT THE PRIOR WRITTEN
CONSENT OF S&P GLOBAL RATINGS. TO REQUEST CONSENT FOR USES SUCH AS LINKING TO
NARRATIVE CONTENT OR POSTING NARRATIVE CONTENT ON YOUR WEBSITE, PLEASE CONTACT
S&P GLOBAL RATINGS AT RATINGS.REQUEST@SPGLOBAL.COM.
MATERIAL THAT APPEARS ON THIS WEBSITE THAT IS ENTERED BY YOU OR OTHER AUTHORIZED
USERS, OR THAT IS OTHERWISE MADE ACCESSIBLE BY OTHER THAN S&P GLOBAL RATINGS, IS
REFERRED TO AS "OTHER CONTENT." YOU MAY USE OTHER CONTENT IN ACCORDANCE WITH THE
TERMS SET FORTH ABOVE RELATING TO THE USE OF NARRATIVE CONTENT.
COUNTRY CONDITIONS AND QUALIFIED INSTITUTIONAL INVESTORS
THE TERMS AND CONDITIONS SET FORTH IN THIS SECTION (THE “COUNTRY CONDITIONS”)
ARE THE RESULT OF VARIOUS REGULATORY AND/OR LEGAL REQUIREMENTS RELATING TO THE
USAGE OF THIS WEBSITE INCLUDING ITS CONTENT. YOUR USE OF THIS WEBSITE IN THE
SPECIFIED JURISDICTIONS IS SUBJECT TO THESE COUNTRY CONDITIONS.
AUSTRALIA. TO THE EXTENT THAT S&P’S GLOBAL RATINGS CREDIT RATINGS (THE
“RATINGS”) ARE INCLUDED AS PART OF ANY CONTENT, S&P GLOBAL RATINGS AUSTRALIA PTY
LIMITED (ABN 62 007 324 852), BEING THE HOLDER OF AUSTRALIAN FINANCIAL SERVICES
LICENSE NO. 337565 ISSUED PURSUANT TO THE CORPORATIONS ACT 2001 (CTH) (“SPA”),
WHOSE REGISTERED OFFICE IS LOCATED AT LEVEL 45, 120 COLLINS STREET, MELBOURNE
VIC 3000 AUSTRALIA, SHALL PROVIDE SUCH PORTION OF CONTENT TO YOU AND SPA SHALL
LICENSE YOU THE RIGHT TO USE THE INTELLECTUAL PROPERTY IN SUCH PORTION OF THE
CONTENT AND, AS OWNER OF SUCH INTELLECTUAL PROPERTY, SHALL RECEIVE ANY FEES WITH
RESPECT THERETO. SPA EXPRESSLY AGREES TO BE BOUND BY THE TERMS AND CONDITIONS
OF THESE TERMS OF USE TO THE EXTENT IT APPLIES TO THE PROVISION OF THE RATINGS.
YOU ACCEPT AND ACKNOWLEDGE THAT SPA’S PROVISION OF THE RATINGS TO YOU THROUGH
THE WEBSITE IS BASED ON, AND CONDITIONAL ON, THE VERACITY AND ACCURACY OF YOUR
REPRESENTATION THAT YOU ARE A “WHOLESALE CLIENT” (AS SUCH IS DEFINED IN CHAPTER
7 OF THE CORPORATIONS ACT OF 2001 (AUSTRALIA)). IN ADDITION, YOU ACKNOWLEDGE
THAT RATINGS AND/OR RELATED RESEARCH LICENSED TO YOU PURSUANT TO THESE TERMS OF
USE OR AN AGREEMENT, AS APPLICABLE, ARE NOT INTENDED FOR, AND SHOULD NOT BE
DISTRIBUTED TO, ANY PERSON OTHER THAN A WHOLESALE CLIENT (TO THE EXTENT SUCH
DISTRIBUTION IS PERMITTED BY AN AGREEMENT). IN FURTHERANCE OF THE FOREGOING,
YOU UNDERTAKE THAT (A) YOU WILL NOT PASS ON ANY RATING AND/OR RELATED RESEARCH
TO A PARTY WHO IS NOT A WHOLESALE CLIENT AND (B) THAT YOU WILL OBTAIN THE SAME
UNDERTAKING FROM YOUR OWN WHOLESALE CLIENTS (TO THE EXTENT SUCH DISTRIBUTION IS
PERMITTED BY AN AGREEMENT). S&P GLOBAL REPRESENTS THAT IT IS AUTHORIZED TO BIND
SPA TO THE TERMS AND CONDITIONS SET FORTH IN THESE TERMS OF USE TO THE EXTENT
SUCH TERMS AND CONDITIONS PERTAIN TO THE PROVISION OF RATINGS.
ALL COUNTRIES LOCATED IN EUROPE, THE MIDDLE EAST OR AFRICA (“EMEA”). IN THE
EVENT YOUR USE OF THE RATINGS IS IN ANY COUNTRY LOCATED IN EMEA, YOU FURTHER
ACKNOWLEDGE AND AGREE TO THE FOLLOWING: THE RATINGS SHALL NOT IN ANY
CIRCUMSTANCES BE USED BY YOU WHERE, AS PART OF AN EFFORT TO SELL SECURITIES TO
RETAIL INVESTORS (AS DEFINED BELOW), YOU USE THE RATINGS: (A) TO CREATE A TYPE
OF RECOMMENDATION, (B) TO CREATE YOUR OWN INTERPRETATION OF THE RATINGS OR (C)
IN SOME OTHER FORM OF “RISK CLASSIFICATION.” FOR THE PURPOSES OF THESE TERMS OF
USE, “RETAIL INVESTOR” SHALL MEAN AN INDIVIDUAL INVESTOR WHO BUYS AND SELLS
SECURITIES OR OTHER FINANCIAL PRODUCTS FOR HIS/HER PERSONAL ACCOUNT, AND NOT FOR
ANOTHER COMPANY, INDIVIDUAL OR ORGANIZATION.
3.2 S&P DOW JONES INDICES. UNLESS OTHERWISE PERMITTED, S&P DOW JONES INDICES
(“SPDJI”) DATA MAY BE USED SOLELY FOR INTERNAL BUSINESS PURPOSES. YOU UNDERSTAND
AND AGREE THAT YOU SHALL NOT: (I) USE THE SPDJI DATA TO CREATE, ISSUE, MANAGE,
SPONSOR OR DEVELOP ANY FINANCIAL PRODUCTS (INCLUDING, WITHOUT LIMITATION,
DERIVATIVES, FUNDS, STRUCTURED PRODUCTS OR CONTRACTS FOR DIFFERENCE) OR ASSET
MANAGEMENT WHERE THE PRICE, RETURN AND/OR PERFORMANCE OF SUCH PRODUCT IS BASED
ON OR INTENDED TO TRACK ANY INDEX PUBLISHED BY SPDJI INCLUDING, WITHOUT
LIMITATION, CUSTOMIZED VERSIONS THEREOF, SUCH AS DIRECT INDEXING; (II) USE THE
SPDJI DATA TO CREATE OR DEVELOP INDICES, A CLASSIFICATION SYSTEM OR HISTORICAL
DATABASES; (III) CREATE ANY DERIVED DATA BASED ON THE SPDJI DATA, EXCEPT WITH
SPDJI’S EXPRESS WRITTEN CONSENT; (OR) DISCLOSE, DUPLICATE, DISPLAY,
REDISTRIBUTE, RESELL OR OTHERWISE CONVEY THE SPDJI DATA OR ANY PORTION THEREOF
INTERNALLY WITHIN YOUR ORGANIZATION EXCEPT TO OTHER AUTHORIZED END USERS OF THE
RELEVANT SPDJI SERVICES OR EXTERNALLY TO ANY THIRD PARTY.
SPDJI LICENSES ITS INDICES FOR USE WITH FINANCIAL PRODUCTS AND RECEIVES
COMPENSATION IN CONNECTION WITH SUCH LICENSING. SPDJI DOES NOT MAKE ANY
REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE OWNERS OF SUCH FINANCIAL
PRODUCTS OR ANY MEMBER OF THE PUBLIC REGARDING THE ADVISABILITY OF INVESTING IN
SUCH FINANCIAL PRODUCTS OR THE ABILITY OF SPDJI’S INDICES TO TRACK MARKET
PERFORMANCE. SPDJI IS NOT A FIDUCIARY, INVESTMENT ADVISOR, COMMODITY TRADING
ADVISOR, COMMODITY POOL OPERATOR OR A BROKER DEALER. INCLUSION OF A SECURITY,
COMMODITY, CRYPTOCURRENCY OR OTHER ASSET WITHIN AN INDEX IS NOT A RECOMMENDATION
BY SPDJI TO BUY, SELL, OR HOLD SUCH SECURITY, COMMODITY, CRYPTOCURRENCY OR OTHER
ASSET, NOR IS IT CONSIDERED TO BE INVESTMENT ADVICE OR COMMODITY TRADING
ADVICE. THE OPINIONS, OBSERVATIONS, AND ANALYSIS OF SPDJI INCLUDED WITHIN THIS
WEBSITE ARE STATEMENTS OF OPINION AS OF THE DATE THEY ARE EXPRESSED AND NOT
STATEMENTS OF FACT OR RECOMMENDATIONS TO PURCHASE, HOLD, OR SELL ANY SECURITIES,
OTHER ASSETS OR MAKE ANY INVESTMENT DECISIONS. SPDJI ASSUMES NO OBLIGATION TO
UPDATE ANY CONTENT INCLUDED WITHIN THIS WEBSITE FOLLOWING PUBLICATION. USERS OF
THE WEBSITE SHOULD NOT RELY ON ANY OF THE CONTENT IN MAKING ANY INVESTMENT
DECISION. SPDJI’S OPINIONS, OBSERVATIONS AND ANALYSES DO NOT ADDRESS THE
SUITABILITY OF ANY SECURITY OR OTHER ASSET. WHILE SPDJI HAS OBTAINED
INFORMATION FROM SOURCES IT BELIEVES TO BE RELIABLE, SPDJI DOES NOT PERFORM AN
AUDIT AND UNDERTAKES NO DUTY OF DUE DILIGENCE OR INDEPENDENT VERIFICATION OF ANY
INFORMATION IT RECEIVES.
PERFORMANCE DISCLOSURE/BACK-TESTED DATA. ALL SPDJI INDEX INFORMATION PRESENTED
ON THE WEBSITE PRIOR TO AN INDEX’S LAUNCH DATE IS HYPOTHETICAL (BACK-TESTED),
NOT ACTUAL PERFORMANCE. THE BACK-TEST CALCULATIONS ARE BASED ON THE SAME
METHODOLOGY THAT WAS IN EFFECT ON THE INDEX LAUNCH DATE. HOWEVER, WHEN CREATING
BACK-TESTED HISTORY FOR PERIODS OF MARKET ANOMALIES OR OTHER PERIODS THAT DO NOT
REFLECT THE GENERAL CURRENT MARKET ENVIRONMENT, INDEX METHODOLOGY RULES MAY BE
RELAXED TO CAPTURE A LARGE ENOUGH UNIVERSE OF SECURITIES TO SIMULATE THE TARGET
MARKET THE INDEX IS DESIGNED TO MEASURE OR STRATEGY THE INDEX IS DESIGNED TO
CAPTURE. FOR EXAMPLE, MARKET CAPITALIZATION AND LIQUIDITY THRESHOLDS MAY BE
REDUCED. COMPLETE INDEX METHODOLOGY DETAILS ARE AVAILABLE AT WWW.SPDJI.COM(OPENS
IN A NEW TAB). PAST PERFORMANCE OF THE INDEX IS NOT AN INDICATION OF FUTURE
RESULTS. BACK-TESTED PERFORMANCE REFLECTS APPLICATION OF AN INDEX METHODOLOGY
AND SELECTION OF INDEX CONSTITUENTS WITH THE BENEFIT OF HINDSIGHT AND KNOWLEDGE
OF FACTORS THAT MAY HAVE POSITIVELY AFFECTED ITS PERFORMANCE, CANNOT ACCOUNT FOR
ALL FINANCIAL RISK THAT MAY AFFECT RESULTS AND MAY BE CONSIDERED TO REFLECT
SURVIVOR/LOOK AHEAD BIAS. ACTUAL RETURNS MAY DIFFER SIGNIFICANTLY FROM, AND BE
LOWER THAN, BACK-TESTED RETURNS. PAST PERFORMANCE IS NOT AN INDICATION OR
GUARANTEE OF FUTURE RESULTS. PLEASE REFER TO THE METHODOLOGY FOR THE INDEX FOR
MORE DETAILS ABOUT THE INDEX, INCLUDING THE MANNER IN WHICH IT IS REBALANCED,
THE TIMING OF SUCH REBALANCING, CRITERIA FOR ADDITIONS AND DELETIONS, AS WELL AS
ALL INDEX CALCULATIONS. BACK-TESTED PERFORMANCE IS FOR USE WITH INSTITUTIONS
ONLY, NOT FOR USE WITH RETAIL INVESTORS.
SPDJI DEFINES VARIOUS DATES TO ASSIST OUR CLIENTS IN PROVIDING TRANSPARENCY. THE
FIRST VALUE DATE IS THE FIRST DAY FOR WHICH THERE IS A CALCULATED VALUE (EITHER
LIVE OR BACK-TESTED) FOR A GIVEN INDEX. THE BASE DATE IS THE DATE AT WHICH THE
INDEX IS SET TO A FIXED VALUE FOR CALCULATION PURPOSES. THE LAUNCH DATE
DESIGNATES THE DATE WHEN THE VALUES OF AN INDEX ARE FIRST CONSIDERED LIVE: INDEX
VALUES PROVIDED FOR ANY DATE OR TIME PERIOD PRIOR TO THE INDEX’S LAUNCH DATE ARE
CONSIDERED BACK-TESTED. SPDJI DEFINES THE LAUNCH DATE AS THE DATE BY WHICH THE
VALUES OF AN INDEX ARE KNOWN TO HAVE BEEN RELEASED TO THE PUBLIC, FOR EXAMPLE
VIA THE COMPANY’S PUBLIC WEBSITE OR ITS DATA FEED TO EXTERNAL PARTIES. FOR DOW
JONES-BRANDED INDICES INTRODUCED PRIOR TO MAY 31, 2013, THE “LAUNCH DATE” (WHICH
PRIOR TO MAY 31, 2013, WAS TERMED “DATE OF INTRODUCTION”) IS SET AT A DATE UPON
WHICH NO FURTHER CHANGES WERE PERMITTED TO BE MADE TO THE INDEX METHODOLOGY, BUT
THAT MAY HAVE BEEN PRIOR TO THE INDEX’S PUBLIC RELEASE DATE.
TYPICALLY, WHEN SPDJI CREATES BACK-TESTED INDEX DATA, SPDJI USES ACTUAL
HISTORICAL CONSTITUENT-LEVEL DATA (E.G., HISTORICAL PRICE, MARKET
CAPITALIZATION, AND CORPORATE ACTION DATA) IN ITS CALCULATIONS. AS ESG INVESTING
IS STILL IN EARLY STAGES OF DEVELOPMENT, CERTAIN DATAPOINTS USED TO CALCULATE
S&P DJI’S ESG INDICES MAY NOT BE AVAILABLE FOR THE ENTIRE DESIRED PERIOD OF
BACK-TESTED HISTORY. THE SAME DATA AVAILABILITY ISSUE COULD BE TRUE FOR OTHER
INDICES AS WELL. IN CASES WHEN ACTUAL DATA IS NOT AVAILABLE FOR ALL RELEVANT
HISTORICAL PERIODS, SPDJI MAY EMPLOY A PROCESS OF USING “BACKWARD DATA
ASSUMPTION” (OR PULLING BACK) OF ESG DATA FOR THE CALCULATION OF BACK-TESTED
HISTORICAL PERFORMANCE. “BACKWARD DATA ASSUMPTION” IS A PROCESS THAT APPLIES THE
EARLIEST ACTUAL LIVE DATA POINT AVAILABLE FOR AN INDEX CONSTITUENT COMPANY TO
ALL PRIOR HISTORICAL INSTANCES IN THE INDEX PERFORMANCE. FOR EXAMPLE, BACKWARD
DATA ASSUMPTION INHERENTLY ASSUMES THAT COMPANIES CURRENTLY NOT INVOLVED IN A
SPECIFIC BUSINESS ACTIVITY (ALSO KNOWN AS “PRODUCT INVOLVEMENT”) WERE NEVER
INVOLVED HISTORICALLY AND SIMILARLY ALSO ASSUMES THAT COMPANIES CURRENTLY
INVOLVED IN A SPECIFIC BUSINESS ACTIVITY WERE INVOLVED HISTORICALLY TOO. THE
BACKWARD DATA ASSUMPTION ALLOWS THE HYPOTHETICAL BACK-TEST TO BE EXTENDED OVER
MORE HISTORICAL YEARS THAN WOULD BE FEASIBLE USING ONLY ACTUAL DATA. FOR MORE
INFORMATION ON “BACKWARD DATA ASSUMPTION” PLEASE REFER TO THE FAQ. THE
METHODOLOGY AND FACTSHEETS OF ANY INDEX THAT EMPLOYS BACKWARD ASSUMPTION IN THE
BACK-TESTED HISTORY WILL EXPLICITLY STATE SO. THE METHODOLOGY WILL INCLUDE AN
APPENDIX WITH A TABLE SETTING FORTH THE SPECIFIC DATA POINTS AND RELEVANT TIME
PERIOD FOR WHICH BACKWARD PROJECTED DATA WAS USED.
INDEX RETURNS SHOWN DO NOT REPRESENT THE RESULTS OF ACTUAL TRADING OF INVESTABLE
ASSETS/SECURITIES. SPDJI MAINTAINS THE INDEX AND CALCULATES THE INDEX LEVELS AND
PERFORMANCE SHOWN OR DISCUSSED BUT DOES NOT MANAGE ACTUAL ASSETS. INDEX RETURNS
DO NOT REFLECT PAYMENT OF ANY SALES CHARGES OR FEES AN INVESTOR MAY PAY TO
PURCHASE THE SECURITIES UNDERLYING THE INDEX OR INVESTMENT FUNDS THAT ARE
INTENDED TO TRACK THE PERFORMANCE OF THE INDEX. THE IMPOSITION OF THESE FEES AND
CHARGES WOULD CAUSE ACTUAL AND BACK-TESTED PERFORMANCE OF THE SECURITIES/FUND TO
BE LOWER THAN THE INDEX PERFORMANCE SHOWN. AS A SIMPLE EXAMPLE, IF AN INDEX
RETURNED 10% ON A US $100,000 INVESTMENT FOR A 12-MONTH PERIOD (OR US $10,000)
AND AN ACTUAL ASSET-BASED FEE OF 1.5% WAS IMPOSED AT THE END OF THE PERIOD ON
THE INVESTMENT PLUS ACCRUED INTEREST (OR US $1,650), THE NET RETURN WOULD BE
8.35% (OR US $8,350) FOR THE YEAR. OVER A THREE-YEAR PERIOD, AN ANNUAL 1.5% FEE
TAKEN AT YEAR END WITH AN ASSUMED 10% RETURN PER YEAR WOULD RESULT IN A
CUMULATIVE GROSS RETURN OF 33.10%, A TOTAL FEE OF US $5,375, AND A CUMULATIVE
NET RETURN OF 27.2% (OR US $27,200).
3.3 S&P GLOBAL ESG SCORES. ALL CONTENT CONTAINED IN THIS WEBSITE IS THE
EXCLUSIVE PROPERTY OF S&P GLOBAL, OR THEIR THIRD PARTY LICENSORS AND MAY NOT BE
COPIED OR REPRODUCED IN ANY FORM EXCEPT WITH THE PRIOR WRITTEN PERMISSION OF S&P
GLOBAL. THE CONTENT, INCLUDING THE ESG SCORES AND RELATED MATERIALS HAVE BEEN
PUBLISHED HERE SOLELY FOR INFORMATIONAL PURPOSES BASED UPON INFORMATION
GENERALLY AVAILABLE TO THE PUBLIC AND FROM SOURCES BELIEVED TO BE RELIABLE. S&P
GLOBAL RESERVES THE RIGHT TO CHANGE A COMPANY’S ESG SCORE FROM TIME TO TIME, IN
ACCORDANCE WITH ITS METHODOLOGIES, POLICIES AND PROCEDURES.
UNLESS EXPLICITLY PERMITTED BY S&P GLOBAL IN WRITING, THE CONTENT OR ANY PORTION
THEREOF MAY NOT BE (I) MODIFIED, REVERSE ENGINEERED, REPRODUCED, OR DISTRIBUTED
IN ANY FORM OR BY ANY MEANS, OR STORED IN A DATABASE OR RETRIEVAL SYSTEM, (II)
USED TO CREATE ANY DERIVATIVE WORKS; (III) USED AS THE INPUT VALUE OR THE
CONSTITUENT FOR THE CREATION, STRUCTURING, DEVELOPMENT, CALCULATION,
MAINTENANCE, PUBLICATION, DISTRIBUTION OR ANY OTHER MEANS TO DERIVE OR ESTABLISH
A FINANCIAL INDEX OR INVESTMENT STRATEGY; OR (IV) USED AS A COMPONENT OF OR AS
THE BASIS FOR CORPORATE FINANCING (INCLUDING, WITHOUT LIMITATION, ESG-LINKED
LOANS, CREDIT FACILITIES) OR USED FOR ANY INVESTMENT PRODUCT OR FINANCIAL
INSTRUMENT TO BE DEVELOPED, ISSUED, TRADED, SOLD, MARKETED AND/OR PROMOTED,
INCLUDING, WITHOUT LIMITATION, A SECURITY WHOSE CAPITAL AND/OR INCOME VALUE IS
CALCULATED BASED ON CHANGES IN VALUE OF ANY INDEX OR ANY INDEXED FUND BASED ON
THE CONTENT IN WHOLE OR IN PART OR PASSIVELY MANAGED FUNDS.
S&P GLOBAL IS COMMITTED TO PROVIDING TRANSPARENCY TO THE MARKET THROUGH
HIGH-QUALITY INDEPENDENT OPINIONS ON SUSTAINABILITY. SAFEGUARDING THE QUALITY,
INDEPENDENCE AND INTEGRITY OF S&P GLOBAL’S ESG SCORES, INCLUDING BY IDENTIFYING
AND MANAGING POTENTIAL CONFLICTS OF INTEREST, IS EMBEDDED IN ITS CULTURE AND AT
THE CORE OF EVERYTHING S&P GLOBAL DOES. S&P GLOBAL KEEPS CERTAIN ACTIVITIES OF
ITS BUSINESS UNITS SEPARATE FROM EACH OTHER IN ORDER TO PRESERVE THE
INDEPENDENCE AND OBJECTIVITY OF THEIR RESPECTIVE ACTIVITIES. AS A RESULT,
CERTAIN BUSINESS UNITS OF S&P GLOBAL MAY HAVE INFORMATION THAT IS NOT AVAILABLE
TO OTHER S&P GLOBAL UNITS. S&P GLOBAL HAS ESTABLISHED POLICIES AND PROCEDURES TO
MAINTAIN THE CONFIDENTIALITY OF CERTAIN NON-PUBLIC INFORMATION RECEIVED IN
CONNECTION WITH EACH ANALYTICAL PROCESS.
3.4 PLATTS LIVE.
PLATTS LIVE IS A IS A VIRTUAL HUB, CREATED TO ENABLE OUR CLIENTS AND MARKET
PARTICIPANTS TO ENGAGE WITH US, AND EACH OTHER IN RELATION TO MARKETS AND
COMMODITY INSIGHTS. PLATTS LIVE ALSO CONTAINS THE MY LIVE FUNCTIONALITY WHICH
ALLOWS USERS TO POST INFORMATION PUBLICLY WHICH CAN BE VIEWED BY, AND TO
COMMUNICATE VIA MESSAGE WITH, OTHER USERS OF PLATTS LIVE. PLATTS LIVE IS HOSTED
BY S&P GLOBAL.
YOUR PLATTS LIVE ACCOUNT
IN ORDER TO ACCESS PLATTS LIVE, YOU MUST REGISTER FOR A USER ACCOUNT. AS PART OF
THE REGISTRATION PROCESS, YOU MUST CREATE A USER ACCOUNT BY SELECTING A USERNAME
AND PASSWORD AND PROVIDING S&P GLOBAL WITH ACCURATE, COMPLETE, AND CURRENT
INFORMATION. YOU MUST KEEP YOUR PASSWORD SAFE AND SECURE. IF YOU KNOW OR SUSPECT
ANYONE OTHER THAN YOU KNOWS YOUR PASSWORD, PLEASE CHANGE YOUR PASSWORD
IMMEDIATELY. IF YOU ARE ACCESSING PLATTS LIVE WITHIN THE SCOPE OF YOUR
EMPLOYMENT, YOU ARE REQUIRED TO REGISTER USING AN EMAIL ADDRESS CONTAINING YOUR
EMPLOYER'S DOMAIN NAME. FAILURE TO DO SO CONSTITUTES A BREACH OF THESE TERMS OF
USE, WHICH MAY RESULT IN IMMEDIATE TERMINATION OF YOUR ACCESS TO PLATTS LIVE.
S&P GLOBAL MAY SUSPEND, INVALIDATE OR TERMINATE ANY USER ACCOUNT, AT ANY TIME,
WHERE S&P GLOBAL HAS REASON TO BELIEVE THAT YOU HAVE FAILED TO COMPLY WITH ANY
OF THE PROVISIONS OF THESE TERMS OF USE.
USER-GENERATED CONTENT IS NOT APPROVED BY S&P
PLATTS LIVE MAY INCLUDE INFORMATION AND MATERIALS UPLOADED BY OTHER USERS OF
PLATTS LIVE, INCLUDING TO SOCIAL MEDIA PAGES, VIDEO-SHARING SITES, BULLETIN
BOARDS AND CHAT ROOMS. THIS INFORMATION AND THESE MATERIALS HAVE NOT BEEN
VERIFIED OR APPROVED BY US. THE VIEWS EXPRESSED BY OTHER USERS ON OUR SITE DO
NOT REPRESENT S&P GLOBAL VIEWS OR VALUES. SEE ALSO THE SECTION ON THIRD PARTY
CONTENT BELOW.
YOUR CONTENT
SUBJECT TO THESE TERMS OF USE AND APPLICABLE LAW, YOU ACKNOWLEDGE AND AGREE THAT
YOU ARE RESPONSIBLE FOR ANY CONTENT YOU POST OR DISTRIBUTE VIA PLATTS LIVE AND
ANY CONSEQUENCES THAT ARISE OUT OF THE POSTING OR DISTRIBUTION OF SUCH CONTENT.
TO THE EXTENT PERMITTED BY APPLICABLE LAW NEITHER S&P GLOBAL NOR ANY S&P GLOBAL
AFFILIATE IS RESPONSIBLE FOR THE CONSEQUENCES OF POSTING OR DISTRIBUTING ANY
PERSONAL OR OTHER INFORMATION VIA PLATTS LIVE. YOUR CONTENT WILL BE CONSIDERED
NON-CONFIDENTIAL AND NON-PROPRIETARY. AS BETWEEN YOU AND S&P GLOBAL, YOU OWN THE
INTELLECTUAL PROPERTY RIGHTS IN YOUR CONTENT THAT YOU CREATE AND SHARE ON PLATTS
LIVE, BUT YOU ARE REQUIRED TO GRANT US A LIMITED LICENCE TO USE, STORE AND COPY
THAT CONTENT AND TO DISTRIBUTE AND MAKE IT AVAILABLE TO THIRD PARTIES. SUBJECT
TO APPLICABLE LAWS, REGULATIONS AND COURT ORDERS, YOU HAVE THE RIGHT TO REMOVE
ANY OF YOUR CONTENT FROM PLATTS LIVE. TO DO SO, PLEASE CONTACT US OR, TO THE
EXTENT THE FUNCTIONALITY IS AVAILABLE ON PLATTS LIVE, BY DELETING YOUR PROFILE
(GO TO THE PROFILE TAB IN PLATTS LIVE AND CLICK ON ‘UNSUBSCRIBE’), AND/OR BY
CLICKING ON ’DELETE’ NEXT TO YOUR POST ON PLATTS LIVE TO DELETE THAT SPECIFIC
POST. SUBJECT TO APPLICABLE LAWS, REGULATIONS AND COURT ORDERS, YOUR REMOVAL OF
YOUR CONTENT FROM PUBLICLY DISPLAYING ON PLATTS LIVE MAY NOT RESULT IN THE
DELETION OF ALL OF YOUR CONTENT FROM PLATTS LIVE’S SYSTEMS OR BACKUP FILES. WE
ALSO HAVE THE RIGHT TO REMOVE YOUR CONTENT IF, IN OUR OPINION, YOUR POST DOES
NOT COMPLY WITH THE ACCEPTABLE USE STANDARDS SET OUT IN THESE TERMS OF USE, AND
TO DISCLOSE YOUR CONTENT TO ANY LEGAL OR REGULATORY AUTHORITY.
ACCEPTABLE USE OF PLATTS LIVE
YOU SHALL NOT UTILIZE PLATTS LIVE TO POST OR DISTRIBUTE ANY CONTENT THAT
CONTAINS EXPLICIT OR GRAPHIC DESCRIPTIONS OR ACCOUNTS OF SEXUAL ACTS OR THAT IS
THREATENING, MISLEADING, DISCRIMINATORY, INACCURATE, UNTRUE, ABUSIVE, HARASSING,
DEFAMATORY, LIBELOUS, DECEPTIVE, RACIST, FRAUDULENT, INVASIVE OF ANOTHER
PERSON'S PRIVACY, INFRINGING, TORTIOUS OR THAT CONTAINS UNSUBSTANTIATED RUMORS
OR MISREPRESENTATIONS. YOU SHALL NOT POST OR DISTRIBUTE ANY CONTENT VIA PLATTS
LIVE UNLESS YOU OWN SUCH CONTENT OR OTHERWISE HAVE OBTAINED THE RIGHT TO POST OR
DISTRIBUTE SUCH CONTENT. YOU SHALL NOT TRANSMIT JUNK MAIL, CHAIN LETTERS, SPAM
OR UNSOLICITED MAILINGS VIA PLATTS LIVE AND SHALL NOT USE PLATTS LIVE TO
TRANSMIT INSTRUCTIONS REGARDING ILLEGAL ACTIVITIES. YOU MAY NOT INPUT OR
DISTRIBUTE ANY MATERIAL THROUGH PLATTS LIVE THAT IS PROMOTIONAL IN NATURE,
INCLUDING SOLICITATIONS FOR FUNDS OR BUSINESS.
WE ARE NOT RESPONSIBLE FOR THIRD PARTY CONTENT ON PLATTS LIVE
PLATTS LIVE MAY CONTAIN THIRD PARTY CONTENT (AS DEFINED BELOW IN SECTION 16).
S&P GLOBAL HAS NO RESPONSIBILITY OR LIABILITY WITH RESPECT TO THE THIRD PARTY
CONTENT. YOU ACKNOWLEDGE THAT S&P GLOBAL HAS NO RESPONSIBILITY FOR VERIFYING THE
ACCURACY OR TIMELINESS OF ANY THIRD PARTY CONTENT. YOU ACKNOWLEDGE AND AGREE
THAT WHILST S&P GLOBAL OR ANY S&P GLOBAL AFFILIATE MAY MONITOR THE CONTENT
POSTED OR DISTRIBUTED VIA PLATTS LIVE, YOU ARE SOLELY RESPONSIBLE FOR VERIFYING
THE ACCURACY OF ALL THIRD PARTY CONTENT POSTED OR DISTRIBUTED VIA PLATTS LIVE.
IF YOU BECOME AWARE OF ANY VIOLATION OF THESE TERMS OF USE BY A THIRD PARTY, YOU
SHALL PROMPTLY NOTIFY S&P GLOBAL. YOU MAY ALSO, THROUGH HYPERTEXT OR OTHER
COMPUTER LINKS, GAIN ACCESS TO WEBSITES OPERATED BY PERSONS OTHER THAN S&P
GLOBAL. SUCH HYPERLINKS ARE PROVIDED FOR YOUR REFERENCE AND CONVENIENCE ONLY,
AND ARE THE EXCLUSIVE RESPONSIBILITY OF SUCH WEBSITES' OWNERS. YOU AGREE THAT
S&P GLOBAL IS NOT RESPONSIBLE FOR THE CONTENT OR OPERATION OF SUCH WEBSITES, AND
THAT S&P GLOBAL SHALL HAVE NO LIABILITY TO YOU OR ANY OTHER PERSON OR ENTITY FOR
THE USE OF THIRD PARTY WEBSITES. EXCEPT AS DESCRIBED BELOW, A HYPERLINK FROM
PLATTS LIVE TO ANOTHER WEBSITE DOES NOT IMPLY OR MEAN THAT S&P GLOBAL ENDORSES
THE CONTENT ON THAT WEBSITE OR THE OPERATOR OR OPERATIONS OF THAT SITE. YOU
SOLELY ARE RESPONSIBLE FOR DETERMINING THE EXTENT TO WHICH YOU MAY USE ANY
CONTENT AT ANY OTHER WEBSITES TO WHICH YOU LINK FROM PLATTS LIVE.
HOW TO COMPLAIN ABOUT OR REPORT CONTENT
S&P GLOBAL ENCOURAGES YOU TO REPORT ANY CONTENT (INCLUDING ANY THIRD PARTY
CONTENT) THAT IS ILLEGAL OR VIOLATES ANY OF THE TERMS OF THESE TERMS OF USE BY
EMAIL TO SPGCILEGALNOTICES@SPGLOBAL.COM .
EVENTS ON PLATTS LIVE
WHERE ONLINE EVENTS ARE ACCESSED BY YOU THROUGH PLATTS LIVE, SUCH ONLINE EVENTS
ARE HOSTED BY A THIRD PARTY VENDOR, ON24. S&P GLOBAL RETAINS NO RESPONSIBILITY
OR LIABILITY TO YOU OR ANY THIRD PARTY FOR THE AVAILABILITY OF ANY ONLINE EVENT,
NOR DOES IT HAVE ANY RESPONSIBILITY OR LIABILITY TO YOU OR ANY THIRD PARTY FOR
THE SECURITY OF ANY ONLINE EVENT. WHERE YOU REGISTER FOR AN EVENT THAT IS BEING
STREAMED THROUGH PLATTS LIVE, VIA ON24, YOU WILL ADDITIONALLY BE REQUIRED TO
REGISTER FOR A PLATTS LIVE ACCOUNT (IF YOU HAVE NOT ALREADY DONE SO) IN ORDER TO
ATTEND THE EVENT. DURING SUCH AN EVENT, YOU UNDERSTAND THAT PLATTS LIVE MAY BE
USED FOR NETWORKING AMONG THE EVENT ATTENDEES AND THE FACT OF YOUR ATTENDANCE
MAY BE RECORDED, AND THE RECORDING OF THE EVENT MAY BE PUBLISHED ON PLATTS LIVE
AFTER THE EVENT. FOR THE AVOIDANCE OF DOUBT, ALL REGISTERED MEMBERS OF PLATTS
LIVE, WHETHER THEY ATTENDED THE EVENT OR NOT, ARE ABLE TO SIMILARLY NETWORK
AFTER THE EVENT AND YOU MAY BE CONTACTED BY ANY MEMBER OF PLATTS LIVE VIA PLATTS
LIVE. YOU ARE ABLE TO DELETE YOUR PLATTS LIVE ACCOUNT AFTER THE EVENT. HOWEVER,
DELETION OF YOUR PLATTS LIVE ACCOUNT WILL NOT REMOVE ANY RECORD OF THE FACT OF
YOUR ATTENDANCE AT THE EVENT.
YOUR PERSONAL DATA
WE PROCESS YOUR PERSONAL DATA IN CONNECTION WITH PLATTS LIVE IN ACCORDANCE WITH
OUR S&P GLOBAL PRIVACY POLICY. YOUR ATTENTION IS SPECIFICALLY DRAWN TO THE
PLATTS LIVE PRIVACY STATEMENT SECTION.
3.5 CUSIP. THE CUSIP INFORMATION MADE AVAILABLE ON THIS WEBSITE (THE "CUSIP
DATABASE") CONSISTS OF SECURITY IDENTIFIERS AND RELATED DESCRIPTIVE INFORMATION
AND IS PROTECTED UNDER COPYRIGHT LAWS AND IS LICENSED WITH PERMISSION FROM CUSIP
GLOBAL SERVICES ("CGS"), ON BEHALF OF THE AMERICAN BANKERS ASSOCIATION ("ABA").
USER AGREES AND ACKNOWLEDGES THAT THE CUSIP DATABASE AND THE INFORMATION
CONTAINED THEREIN IS AND SHALL REMAIN VALUABLE INTELLECTUAL PROPERTY OWNED BY,
OR LICENSED TO, CGS AND THE ABA, AND THAT NO PROPRIETARY RIGHTS ARE BEING
TRANSFERRED TO USER IN SUCH MATERIALS OR IN ANY OF THE INFORMATION CONTAINED
THEREIN.
USER AGREES THAT USER 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. ANY USE BY USER OUTSIDE OF THE CLEARING AND
SETTLEMENT OF TRANSACTIONS MAY REQUIRE A LICENSE FROM CGS, AND A POSSIBLE FEE.
USER AGREES THAT MISAPPROPRIATION OR MISUSE OF SUCH MATERIALS WILL CAUSE SERIOUS
DAMAGE TO CGS AND ABA, AND THAT IN SUCH EVENT MONEY DAMAGES MAY NOT CONSTITUTE
SUFFICIENT COMPENSATION TO CGS AND ABA; CONSEQUENTLY, USER AGREES THAT IN THE
EVENT OF ANY MISAPPROPRIATION OR MISUSE, CGS AND ABA SHALL HAVE THE RIGHT TO
OBTAIN INJUNCTIVE RELIEF IN ADDITION TO ANY OTHER LEGAL OR FINANCIAL REMEDIES TO
WHICH CGS AND ABA MAY BE ENTITLED.
USER 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 (EVEN IF IN CONNECTION
WITH THE CLEARING AND SETTLEMENT OF TRANSACTIONS) AND IS NOT INTENDED TO CREATE
AND DOES NOT SERVE IN ANY WAY AS A SUBSTITUTE FOR THE CUSIP MASTER FILE, DB,
INTERNET, ELECTRONIC SERVICES AND/OR ANY OTHER FUTURE SERVICES DEVELOPED BY CGS
.
4. MODIFICATION OF WEBSITE AND CONTENT
THIS WEBSITE AND CONTENT ARE SUBJECT TO MODIFICATION BY S&P GLOBAL TO REFLECT
STATISTICAL, TECHNICAL, ADMINISTRATIVE, MARKET BASED OR SIMILAR CHANGES THAT S&P
GLOBAL DETERMINES IN GOOD FAITH ARE REQUIRED OR DESIRABLE. S&P GLOBAL ALSO MAY
MAKE CHANGES TO ANY CONTENT OFFERED ON THIS WEBSITE, OR TO THE APPLICABLE PRICES
FOR SUCH CONTENT, AT ANY TIME, WITHOUT NOTICE.
5. NO ADVICE
ANY CONTENT RELATING TO FINANCIAL INFORMATION IS INTENDED ONLY FOR PROFESSIONALS
IN THE FINANCIAL MARKETS AND IS NOT, AND SHOULD NOT BE CONSTRUED AS FINANCIAL,
LEGAL OR OTHER ADVICE OF ANY KIND, NOR SHOULD IT BE REGARDED AS AN OFFER OR AS A
SOLICITATION OF AN OFFER TO BUY, SELL OR OTHERWISE DEAL IN ANY INVESTMENT. YOU
MAY NOT USE THE CONTENT IN, OR GENERATE BASED ON THE CONTENT, ANY ADVICE,
RECOMMENDATIONS, GUIDANCE, PUBLICATIONS OR ALERTS MADE AVAILABLE TO YOUR CLIENTS
OR OTHER THIRD PARTIES. NOTHING IN THE CONTENT CONSTITUTES A SOLICITATION BY S&P
GLOBAL OF THE PURCHASE OR SALE OF LOANS, SECURITIES OR ANY INVESTMENT.
A REFERENCE TO A PARTICULAR INVESTMENT, SECURITY, RATING OR ANY OBSERVATION
CONCERNING A SECURITY OR INVESTMENT PROVIDED IN THE S&P GLOBAL INFORMATION IS
NOT A RECOMMENDATION TO BUY, SELL OR HOLD SUCH INVESTMENT OR SECURITY OR MAKE
ANY OTHER INVESTMENT DECISIONS AND DOES NOT ADDRESS THE SUITABILITY OF ANY
INVESTMENT OR SECURITY. NO USER OF THE S&P GLOBAL INFORMATION SHOULD RELY ON
ANY INDEX, BENCHMARK, PRICE ASSESSMENT, OBSERVATION, OPINION OR OTHER
INFORMATION CONTAINED IN THE S&P GLOBAL INFORMATION IN MAKING ANY INVESTMENT OR
OTHER DECISION. THE S&P GLOBAL INFORMATION IS NOT A SUBSTITUTE FOR THE SKILL,
JUDGMENT AND EXPERIENCE OF SUBSCRIBER, ITS MANAGEMENT, EMPLOYEES, ADVISORS
AND/OR CLIENTS IN MAKING INVESTMENT AND OTHER BUSINESS DECISIONS.
6. DELIVERY AND SECURITY
YOU SHALL SOLELY BE RESPONSIBLE FOR ANY AND ALL NECESSARY EQUIPMENT AND
CONNECTIONS FROM YOUR OWN COMPUTER SYSTEMS TO THE S&P GLOBAL SYSTEMS THAT WILL
ALLOW FOR ACCESS TO THIS WEBSITE AND DELIVERY OF THE CONTENT. S&P GLOBAL SHALL
HAVE NO RESPONSIBILITY FOR ANY SUCH EQUIPMENT OR CONNECTIONS. YOU SHALL ENSURE
THAT YOU HAVE IMPLEMENTED SECURITY SYSTEMS AND PROCEDURES TO PREVENT THE
UNAUTHORIZED ACCESS TO OR MISUSE OR DISRUPTION OF THIS WEBSITE OR CONTENT.
7. INTELLECTUAL PROPERTY
THE OWNERSHIP AND INTELLECTUAL PROPERTY RIGHTS OF THIS WEBSITE INCLUDING ALL
CONTENT, MODELS, SOFTWARE, INFORMATION, DATA, DOCUMENTATION, COMPUTER PROGRAMS,
SYSTEMS, CUSTOMIZATIONS, ENHANCEMENTS THERETO, AND THE DESIGN, STRUCTURE,
SELECTION, COORDINATION, EXPRESSION "LOOK AND FEEL" AND ARRANGEMENT OF THE
CONTENT, AND ENHANCEMENTS, MODIFICATIONS OR ADDITIONAL CONTENT THERETO SHALL BE
THE SOLE AND EXCLUSIVE PROPERTY OF S&P GLOBAL (OR THE RELEVANT AFFILIATE OF S&P
GLOBAL OR DATA PROVIDER (AS DEFINED BELOW), AS THE CASE MAY BE) AND YOU SHALL
NOT: (I) COPY SUCH MATERIAL FOR ANY PURPOSE (INCLUDING BY REVERSE ENGINEERING)
OR DISCLOSE IT TO ANY THIRD PARTY FOR ANY PURPOSE WHATSOEVER; (II) BY ACT OR
OMISSION INFRINGE UPON S&P GLOBAL'S INTELLECTUAL PROPERTY RIGHTS IN THIS WEBSITE
OR CONTENT. YOU ACKNOWLEDGE THAT THIS WEBSITE, WAS DEVELOPED, COMPILED,
PREPARED, REVISED, SELECTED AND ARRANGED BY S&P GLOBAL AND OTHERS (INCLUDING
CERTAIN THIRD PARTY INFORMATION SOURCES (EACH A "DATA PROVIDER")) THROUGH THE
APPLICATION OF METHODS AND STANDARDS OF JUDGMENT DEVELOPED AND APPLIED THROUGH
THE EXPENDITURE OF SUBSTANTIAL TIME, EFFORT AND MONEY, AND CONSTITUTE VALUABLE
INTELLECTUAL PROPERTY AND TRADE SECRETS OF S&P GLOBAL OR SUCH RELEVANT DATA
PROVIDER.
YOU HEREBY AGREE TO USE COMMERCIALLY REASONABLE EFFORTS TO PROTECT THE
PROPRIETARY RIGHTS OF S&P GLOBAL OR THE RELEVANT DATA PROVIDER IN THIS WEBSITE
AND CONTENT. YOU IRREVOCABLY AGREE AND ACKNOWLEDGE THAT, AS BETWEEN YOU AND S&P
GLOBAL, THIS WEBSITE AND CONTENT, AS MAY BE AMENDED FROM TIME TO TIME, IS THE
SOLE AND EXCLUSIVE PROPERTY OF S&P GLOBAL, AND SHALL NOT BE CONSIDERED WORKS FOR
HIRE. YOU SHALL HONOR AND COMPLY WITH ALL REASONABLE WRITTEN REQUESTS MADE BY
S&P GLOBAL TO PROTECT ITS CONTRACTUAL, STATUTORY AND COMMON LAW RIGHTS IN THIS
WEBSITE AND CONTENT. YOU AGREE TO NOTIFY S&P GLOBAL IN WRITING PROMPTLY UPON
BECOMING AWARE OF ANY UNAUTHORIZED USE OF THIS WEBSITE OR CONTENT OR ANY CLAIM
THAT ANY OR ALL OF THIS WEBSITE OR CONTENT INFRINGES UPON OR CONSTITUTES ANY
UNLAWFUL USE OF ANY COPYRIGHT, DATABASE RIGHT, TRADEMARK, OR OTHER PROPRIETARY,
INTELLECTUAL PROPERTY, CONTRACTUAL, STATUTORY OR COMMON LAW RIGHTS OF A THIRD
PARTY.
TRADEMARKS. YOU SHALL NOT USE ANY OF S&P GLOBAL'S TRADEMARKS, TRADE NAMES OR
SERVICE MARKS IN ANY MANNER, AND IN NO EVENT IN A MANNER ACCESSIBLE BY OR
AVAILABLE TO ANY THIRD PARTY. YOU ACKNOWLEDGE THAT YOU HAVE NO OWNERSHIP OR
LICENSE RIGHTS IN OR TO ANY OF THESE NAMES OR MARKS.
COPYRIGHT. THIS WEBSITE AND CONTENT IS PROTECTED AS A COLLECTIVE WORK OR
COMPILATION UNDER UK COPYRIGHT, U.S. COPYRIGHT AND OTHER LAWS AND TREATIES. ALL
DATA, INFORMATION, ARTICLES, COLUMNS AND OTHER ELEMENTS MAKING UP THE CONTENT
ARE COPYRIGHTED WORKS AND S&P GLOBAL HEREBY RESERVES ALL RIGHTS.
COPYRIGHT INFRINGEMENT CLAIMS. WE RESPECT THE INTELLECTUAL PROPERTY RIGHTS OF
OTHERS, AND REQUIRE THAT THE PEOPLE WHO USE THIS WEBSITE DO THE SAME. IF YOU
BELIEVE THAT YOUR WORK HAS BEEN COPIED IN A WAY THAT CONSTITUTES COPYRIGHT
INFRINGEMENT, PLEASE FORWARD THE FOLLOWING INFORMATION TO S&P GLOBAL'S COPYRIGHT
AGENT, DESIGNATED AS SUCH PURSUANT TO THE DIGITAL MILLENNIUM COPYRIGHT ACT, 17
U.S.C. § 512(C)(2) (THE "DMCA"), NAMED BELOW:
* YOUR ADDRESS, TELEPHONE NUMBER, AND EMAIL ADDRESS;
* A DESCRIPTION OF THE COPYRIGHTED WORK THAT YOU CLAIM HAS BEEN INFRINGED;
* A DESCRIPTION OF WHERE THE ALLEGED INFRINGING MATERIAL IS LOCATED;
* A STATEMENT BY YOU THAT YOU HAVE A GOOD FAITH BELIEF THAT THE DISPUTED USE IS
NOT AUTHORIZED BY THE COPYRIGHT OWNER, ITS AGENT, OR THE LAW;
* AN ELECTRONIC OR PHYSICAL SIGNATURE OF THE PERSON AUTHORIZED TO ACT ON BEHALF
OF THE OWNER OF THE COPYRIGHT INTEREST; AND
* A STATEMENT BY YOU, MADE UNDER PENALTY OF PERJURY, THAT THE ABOVE INFORMATION
IN YOUR NOTICE IS ACCURATE AND THAT YOU ARE THE COPYRIGHT OWNER OR AUTHORIZED
TO ACT ON THE COPYRIGHT OWNER'S BEHALF.
COPYRIGHT AGENT:
S&P GLOBAL
55 WATER STREET
NEW YORK, NY 10041, U.S.A.
ATTENTION: LEGAL DEPARTMENT
LEGAL@SPGLOBAL.COM
8. PRIVACY POLICY
FOR INFORMATION RELATED TO HOW S&P GLOBAL PROCESSES PERSONAL INFORMATION OR USES
COOKIES AND SIMILAR TECHNOLOGIES, PLEASE VISIT OUR PRIVACY POLICY AND COOKIE
NOTICE PAGES.
9. LINKS TO THIRD PARTY WEBSITES
THIS WEBSITE MAY CONTAIN LINKS TO WEBSITES OF THIRD PARTIES. THESE LINKS ARE
PROVIDED TO YOU AS A CONVENIENCE, AND S&P GLOBAL IS NOT RESPONSIBLE FOR THE
CONTENT OF ANY LINKED WEBSITE. IN ADDITION, A LINK TO ANY NON-S&P GLOBAL WEBSITE
DOES NOT IMPLY THAT S&P GLOBAL ENDORSES OR ACCEPTS ANY RESPONSIBILITY FOR THE
CONTENT OR USE OF SUCH A WEBSITE.
10. OTHER S&P GLOBAL SERVICES
S&P GLOBAL MAY PROVIDE YOU WITH ACCESS TO S&P GLOBAL SERVICES THROUGH LINKS
AND/OR DEDICATED FRAMES (COLLECTIVELY, "OTHER S&P GLOBAL SERVICES") FROM THIS
WEBSITE. FOR EXAMPLE, YOU MAY HAVE ACCESS TO A TOOLBAR PROVIDED BY OUR MARKIT
HUB SERVICE THAT ALLOWS YOU, AMONGST OTHER THINGS, TO NAVIGATE DATA AND CONTENT
ON BOTH S&P GLOBAL AND THIRD PARTY WEBSITES.
YOUR USE OF OTHER S&P GLOBAL SERVICES SHALL BE GOVERNED BY ANY APPLICABLE TERMS
OF USE AND PRIVACY POLICIES. WE RECOMMEND YOU REVIEW THOSE BEFORE USING OTHER
S&P GLOBAL SERVICES.
11. LOG-IN
YOU ACKNOWLEDGE THAT LOG-ON ACCESS CODES AND PASSWORDS THAT ARE PROVIDED TO YOU
ARE FOR YOUR USE ONLY AND MAY NOT BE SHARED. YOU SHALL ENSURE THAT YOUR LOG-ON
ACCESS CODE AND PASSWORD IS KEPT CONFIDENTIAL. YOU AGREE TO ACCEPT SOLE
RESPONSIBILITY FOR THE USE AND PROTECTION OF THE LOG-ON ACCESS CODES AND
PASSWORDS PROVIDED TO YOU, INCLUDING PROTECTING THE CONFIDENTIALITY OF SUCH
PASSWORDS. YOU SHALL USE COMMERCIALLY REASONABLE EFFORTS TO PROHIBIT OR CEASE
ANY UNAUTHORIZED ACCESS TO THIS WEBSITE OR CONTENT.
12. DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY
THIS WEBSITE AND CONTENT PROVIDED TO YOU BY S&P GLOBAL SHALL BE ON "AS IS"
BASIS. NEITHER S&P GLOBAL, ITS AFFILIATES NOR ANY DATA PROVIDER MAKE ANY
WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS OR COMPLETENESS OF
THIS WEBSITE OR CONTENT OR AS TO THE RESULTS TO BE ATTAINED BY YOU OR OTHERS
FROM THE USE OF THE CONTENT. YOU HEREBY ACKNOWLEDGE THAT THERE ARE NO EXPRESS OR
IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE
OR USE, AND THAT IT HAS NOT RELIED UPON ANY WARRANTY, GUARANTY OR REPRESENTATION
MADE BY S&P GLOBAL, ITS AFFILIATES OR ANY DATA PROVIDER, EXCEPT THE
REPRESENTATIONS MADE BY S&P GLOBAL SPECIFICALLY SET FORTH IN THIS TERMS OF USE.
NO LIABILITY. NEITHER S&P GLOBAL, ITS AFFILIATES NOR ANY DATA PROVIDER SHALL IN
ANY WAY BE LIABLE TO YOU OR ANY CLIENT OF YOU FOR ANY INACCURACIES, ERRORS OR
OMISSIONS, REGARDLESS OF CAUSE, IN THE CONTENT PROVIDED HEREUNDER OR FOR ANY
DAMAGES (WHETHER DIRECT OR INDIRECT) RESULTING THEREFROM. WITHOUT LIMITING THE
FOREGOING, S&P GLOBAL SHALL HAVE NO LIABILITY WHATSOEVER TO YOU, WHETHER IN
CONTRACT (INCLUDING UNDER AN INDEMNITY), IN TORT (INCLUDING NEGLIGENCE), UNDER A
WARRANTY, UNDER STATUTE OR OTHERWISE, IN RESPECT OF ANY LOSS OR DAMAGE SUFFERED
BY YOU AS A RESULT OF OR IN CONNECTION WITH ANY OPINIONS, RECOMMENDATIONS,
FORECASTS, JUDGMENTS, OR ANY OTHER CONCLUSIONS, OR ANY COURSE OF ACTION
DETERMINED, BY YOU OR ANY CLIENT OF YOU, WHETHER OR NOT BASED ON THIS WEBSITE OR
CONTENT.
TO THE FULLEST EXTENT PERMITTED BY LAW, UNDER NO CIRCUMSTANCES WILL S&P GLOBAL,
ITS AFFILIATES OR ANY DATA PROVIDER HAVE ANY LIABILITY TO YOU OR ANY THIRD PARTY
ACCESSING THIS WEBSITE AND/ OR THE CONTENT THROUGH YOU, ARISING FROM CONTRACT
(INCLUDING UNDER ANY INDEMNITY), IN TORT (INCLUDING NEGLIGENCE), UNDER ANY
WARRANTY (EXPRESS OR IMPLIED) UNDER STATUTE OR OTHERWISE, IN EACH CASE FOR ANY
DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE, OR EXEMPLARY
DAMAGES WITH RESPECT TO THE SUBJECT MATTER OF THE TERMS OF USE, THE CONTENT AND
/ OR THIS WEBSITE, INCLUDING, BUT NOT LIMITED TO, IN RESPECT OF ANY LOSS OF
PROFITS, LOSS OF REVENUE, LOST BUSINESS, LOSS OF OPPORTUNITY REGARDLESS OF
WHETHER SUCH DAMAGES COULD HAVE BEEN FORESEEN OR PREVENTED OR ADVISED TO S&P
GLOBAL. THE CONTENT CONTAINS CERTAIN STATEMENTS, ESTIMATES AND FINANCIAL AND
OPERATING INFORMATION ("ESTIMATES") THAT CONSTITUTE FORWARD-LOOKING STATEMENTS
OR INFORMATION. FORWARD-LOOKING STATEMENTS OR INFORMATION MAY BE IDENTIFIED BY
USING THE WORDS "TARGETS", "BELIEVES", "ESTIMATES", "EXPECTS", "AIMS",
"INTENDS", "WILL", "CAN", "MAY", "ANTICIPATES", "WOULD", "SHOULD", "COULD" AND
SIMILAR EXPRESSIONS IN SUCH STATEMENTS OR THE NEGATIVE THEREOF. THESE
FORWARD-LOOKING STATEMENTS OR INFORMATION INVOLVE KNOWN AND UNKNOWN RISKS AND
UNCERTAINTIES THAT COULD CAUSE ACTUAL OUTCOMES AND RESULTS TO BE MATERIALLY
DIFFERENT FROM THE ESTIMATES OR RESULTS IMPLIED OR EXPRESSED IN SUCH
FORWARD-LOOKING STATEMENTS. WHILE IN SOME CASES PRESENTED WITH NUMERICAL
SPECIFICITY, THE ESTIMATES ARE BASED UPON (I) CERTAIN ASSUMPTIONS THAT ARE
INHERENTLY SUBJECT TO SIGNIFICANT BUSINESS, ECONOMIC, REGULATORY, ENVIRONMENTAL,
SEASONAL, COMPETITIVE UNCERTAINTIES, CONTINGENCIES AND RISKS AND (II)
ASSUMPTIONS WITH RESPECT TO FUTURE BUSINESS DECISIONS THAT ARE SUBJECT TO
CHANGE. FOR MORE INFORMATION CONCERNING THE RISKS S&P GLOBAL FACES, VISITORS TO
THIS WEBSITE SHOULD REFER TO THE "RISK FACTORS" CONTAINED IN S&P GLOBAL’S
FILINGS WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.
THERE CAN BE NO ASSURANCE THAT THE ESTIMATES OR THE UNDERLYING ASSUMPTIONS WILL
BE REALIZED AND THAT ACTUAL RESULTS OF OPERATIONS OR FUTURE EVENTS WILL NOT BE
MATERIALLY DIFFERENT FROM THE ESTIMATES. UNDER NO CIRCUMSTANCES SHOULD THE
INCLUSION OF THE ESTIMATES BE REGARDED AS A REPRESENTATION, UNDERTAKING,
WARRANTY OR PREDICTION BY S&P GLOBAL, OR ANY OTHER PERSON WITH RESPECT TO THE
ACCURACY THEREOF OR THE ACCURACY OF THE UNDERLYING ASSUMPTIONS, OR THAT S&P
GLOBAL WILL ACHIEVE OR IS LIKELY TO ACHIEVE ANY PARTICULAR RESULTS. S&P GLOBAL
DISCLAIMS ANY INTENT OR OBLIGATION TO UPDATE PUBLICLY OR TO REVISE ANY OF THE
ESTIMATES, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE,
EXCEPT AS REQUIRED BY LAW. VISITORS TO THIS WEBSITE ARE CAUTIONED THAT
FORWARD-LOOKING STATEMENTS OR INFORMATION ARE NOT GUARANTEES OF FUTURE
PERFORMANCE AND, ACCORDINGLY, VISITORS ARE EXPRESSLY CAUTIONED NOT TO PUT UNDUE
RELIANCE ON FORWARD-LOOKING STATEMENTS OR INFORMATION DUE TO THE INHERENT
UNCERTAINTY THEREIN. EXCEPT AS REQUIRED BY LAW, S&P GLOBAL UNDERTAKES NO
OBLIGATION TO PUBLICLY RELEASE ANY UPDATE OR REVISIONS TO THESE FORWARD-LOOKING
STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THEIR TIME OF PUBLICATION.
S&P GLOBAL RATINGS’ CREDIT RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY
RETAIL INVESTORS AND IT WOULD BE RECKLESS FOR RETAIL INVESTORS TO CONSIDER S&P
GLOBAL RATINGS OR PUBLICATIONS IN MAKING ANY INVESTMENT DECISION. IF IN DOUBT
YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER.
THE RATINGS AND CREDIT RELATED ANALYSES OF S&P GLOBAL RATINGS AND ITS AFFILIATES
AND THE OBSERVATIONS CONTAINED IN REPORTS AND ARTICLES PUBLISHED ON THIS WEBSITE
ARE STATEMENTS OF OPINION AS OF THE DATE THEY ARE EXPRESSED AND NOT STATEMENTS
OF FACT OR RECOMMENDATIONS TO PURCHASE, HOLD, OR SELL ANY SECURITIES OR MAKE ANY
INVESTMENT DECISIONS. S&P GLOBAL RATINGS ASSUMES NO OBLIGATION TO UPDATE ANY
INFORMATION FOLLOWING PUBLICATION. USERS OF THE INFORMATION PROVIDED THROUGH
THIS WEBSITE SHOULD NOT RELY ON ANY OF IT IN MAKING ANY INVESTMENT DECISION. S&P
GLOBAL RATINGS’ OPINIONS AND ANALYSES DO NOT ADDRESS THE SUITABILITY OF ANY
SECURITY. S&P GLOBAL RATINGS DOES NOT ACT AS A FIDUCIARY OR AN INVESTMENT
ADVISOR. WHILE S&P GLOBAL RATINGS HAS OBTAINED INFORMATION FROM SOURCES IT
BELIEVES TO BE RELIABLE, S&P GLOBAL RATINGS DOES NOT PERFORM AN AUDIT AND
UNDERTAKES NO DUTY OF DUE DILIGENCE OR INDEPENDENT VERIFICATION OF ANY
INFORMATION IT RECEIVES. S&P GLOBAL RATINGS KEEPS CERTAIN ACTIVITIES OF ITS
BUSINESS UNITS SEPARATE FROM EACH OTHER IN ORDER TO PRESERVE THE INDEPENDENCE
AND OBJECTIVITY OF EACH OF THESE ACTIVITIES. AS A RESULT, CERTAIN BUSINESS UNITS
OF S&P GLOBAL RATINGS MAY HAVE INFORMATION THAT IS NOT AVAILABLE TO OTHER S&P
GLOBAL BUSINESS UNITS. S&P GLOBAL RATINGS HAS ESTABLISHED POLICIES AND
PROCEDURES TO MAINTAIN THE CONFIDENTIALITY OF CERTAIN NON-PUBLIC INFORMATION
RECEIVED IN CONNECTION WITH EACH ANALYTICAL PROCESS.
THE S&P GLOBAL RATINGS BUSINESS MAY RECEIVE COMPENSATION FOR ASSIGNING CREDIT
RATINGS OR ENGAGING IN OTHER ANALYTICAL ACTIVITIES NORMALLY FROM ISSUERS OF THE
SECURITIES OR THIRD PARTIES PARTICIPATING IN MARKETING THE SECURITIES. S&P
GLOBAL RATINGS RESERVES THE RIGHT TO DISSEMINATE ITS OPINIONS AND ANALYSES. S&P
GLOBAL RATINGS’ PUBLIC RATINGS AND ANALYSES ARE MADE AVAILABLE ON ITS
SITES, WWW.SPGLOBAL.COM/RATINGS (FREE OF CHARGE) AND WWW.CAPITALIQ.COM
(SUBSCRIPTION), AND MAY BE DISTRIBUTED THROUGH OTHER MEANS, INCLUDING VIA S&P
GLOBAL PUBLICATIONS AND THIRD PARTY REDISTRIBUTORS.
13. INDEMNIFICATION
YOU WILL INDEMNIFY, DEFEND AND HOLD HARMLESS S&P GLOBAL AND ITS AFFILIATES,
DIRECTORS, OFFICERS, AGENTS, EMPLOYEES, SUCCESSORS, ASSIGNS AND ALL DATA
PROVIDERS, AND EACH OF THEIR AFFILIATES, DIRECTORS, OFFICERS, AGENTS, EMPLOYEES,
MEMBERS, PARTNERS, SUCCESSORS AND ASSIGNS ("S&P GLOBAL INDEMNITEES") FROM AND
AGAINST ANY AND ALL LOSSES, LIABILITIES, DAMAGES, COSTS (INCLUDING REASONABLE
ATTORNEYS' FEES) AND EXPENSES ARISING AS A RESULT OF ANY CLAIMS, SUITS OR
PROCEEDINGS (COLLECTIVELY, "CLAIMS") BROUGHT BY ANY THIRD PARTY AGAINST ANY S&P
GLOBAL INDEMNITEES ARISING FROM YOUR USE OF THIS WEBSITE AND/OR CONTENT.
14. VIOLATION OF THESE TERMS OF USE
YOU AGREE THAT S&P GLOBAL MAY, IN ITS SOLE DISCRETION AND WITHOUT PRIOR NOTICE,
TERMINATE YOUR ACCESS TO THIS WEBSITE OR CERTAIN CONTENT AND/OR BLOCK YOUR
FUTURE ACCESS TO THIS WEBSITE OR CERTAIN CONTENT IF S&P GLOBAL DETERMINES THAT
YOU HAVE VIOLATED THESE TERMS OF USE OR OTHER AGREEMENTS OR GUIDELINES WHICH MAY
BE ASSOCIATED WITH YOUR USE OF THIS WEBSITE. YOU ALSO AGREE THAT ANY VIOLATION
BY YOU OF THESE TERMS OF USE WILL CONSTITUTE AN UNLAWFUL AND UNFAIR BUSINESS
PRACTICE, AND WILL CAUSE IRREPARABLE HARM TO S&P GLOBAL, FOR WHICH MONETARY
DAMAGES WOULD BE INADEQUATE, AND YOU CONSENT TO S&P GLOBAL OBTAINING ANY
INJUNCTIVE OR EQUITABLE RELIEF THAT S&P GLOBAL DEEMS NECESSARY OR APPROPRIATE IN
SUCH CIRCUMSTANCES. THESE REMEDIES ARE IN ADDITION TO ANY OTHER REMEDIES S&P
GLOBAL MAY HAVE AT LAW OR IN EQUITY.
YOU AGREE THAT S&P GLOBAL MAY, IN ITS SOLE DISCRETION AND WITHOUT PRIOR NOTICE,
TERMINATE YOUR ACCESS TO THIS WEBSITE, FOR CAUSE, WHICH INCLUDES (BUT IS NOT
LIMITED TO): (I) REQUESTS BY LAW ENFORCEMENT OR OTHER GOVERNMENT AGENCIES, (II)
A REQUEST BY YOU (SELF-INITIATED ACCOUNT DELETIONS), (III) DISCONTINUANCE OR
MATERIAL MODIFICATION OF THIS WEBSITE OR ANY SERVICE OFFERED ON OR THROUGH THIS
WEBSITE, OR (IV) UNEXPECTED TECHNICAL ISSUES OR PROBLEMS.
IF S&P GLOBAL DOES TAKE ANY LEGAL ACTION AGAINST YOU AS A RESULT OF YOUR
VIOLATION OF THESE TERMS OF USE, S&P GLOBAL WILL BE ENTITLED TO RECOVER FROM
YOU, AND YOU AGREE TO PAY, ALL REASONABLE LEGAL COSTS OF SUCH ACTION, IN
ADDITION TO ANY OTHER RELIEF GRANTED TO S&P GLOBAL. YOU AGREE THAT S&P GLOBAL
WILL NOT BE LIABLE TO YOU OR TO ANY THIRD PARTY FOR TERMINATION OF YOUR ACCESS
TO THIS WEBSITE AS A RESULT OF ANY VIOLATION OF THESE TERMS OF USE.
15. GENERAL
RELATIONSHIP BETWEEN THE PARTIES. THERE IS NO JOINT VENTURE, PARTNERSHIP, AGENCY
OR FIDUCIARY RELATIONSHIP EXISTING BETWEEN YOU AND S&P GLOBAL, AND THE PARTIES
DO NOT INTEND TO CREATE ANY SUCH RELATIONSHIP BY THIS TERMS OF USE.
INVALIDITY. IF ANY PROVISION IN OR ANY PART OF THIS TERMS OF USE SHALL BE FOUND
TO BE ILLEGAL OR UNENFORCEABLE UNDER ANY ENACTMENT OR RULE OF LAW THEN THAT
PROVISION OR PART SHALL TO THAT EXTENT BE DEEMED NOT TO FORM PART OF THIS TERMS
OF USE AND THE REMAINING PROVISIONS SHALL CONTINUE IN FULL FORCE AND EFFECT.
GOVERNING LAW. YOUR ACCESS TO AND USE OF THIS WEBSITE ARE GOVERNED BY AND WILL
BE CONSTRUED IN ACCORDANCE WITH LAWS OF ENGLAND AND WALES, WITHOUT REGARD TO THE
PRINCIPLES OF CONFLICTS OF LAWS OF OTHER JURISDICTIONS. EACH PARTY SUBMITS TO
THE EXCLUSIVE JURISDICTION OF THE COURTS RESIDING IN LONDON, ENGLAND, UNITED
KINGDOM, FOR THE PURPOSES OF DETERMINING ANY DISPUTE ARISING OUT OF THE TERMS OF
USE, ITS CONSTRUCTION OR THE TRANSACTIONS CONTEMPLATED BY IT.
16. THIRD PARTY RESTRICTIONS
IN ADDITION TO THE RIGHTS AND RESTRICTIONS SET FORTH IN AGREEMENT(S) THAT YOU
HAVE ENTERED INTO WITH S&P GLOBAL, USE OF S&P GLOBAL SERVICES IS SUBJECT TO THE
ADDITIONAL FOLLOWING TERMS: (I) YOU MAY BE REQUIRED TO ENTER INTO, OR TO COMPLY
WITH THE TERMS OF, A THIRD-PARTY LICENSOR AGREEMENT, AND (II) YOU MAY RECEIVE
SUCH TERMS WITHIN THE SERVICE ITSELF OR DIRECTLY BY THE THIRD-PARTY LICENSOR.
TO THE EXTENT THAT YOU REDISTRIBUTE ANY THIRD-PARTY SERVICES, YOU MUST OBTAIN
ALL REQUIRED APPROVALS FOR CONTROL AND REDISTRIBUTION OF SUCH THIRD-PARTY
SERVICES. YOU ARE RESPONSIBLE FOR ANY AND ALL COSTS AND FEES ASSOCIATED WITH
AGREEMENTS ENTERED INTO WITH ANY SUCH THIRD-PARTY LICENSOR. IF A THIRD-PARTY
LICENSOR CEASES TO MAKE ONE OR MORE OF ITS SERVICES AVAILABLE TO S&P GLOBAL, OR
REQUIRES S&P GLOBAL TO SUSPEND OR TERMINATE THE PROVISION OF ALL OR ANY PART OF
ITS SERVICES TO YOU, OR IF S&P GLOBAL TERMINATES ITS ARRANGEMENTS WITH THE
THIRD-PARTY LICENSOR, THEN S&P GLOBAL MAY SUSPEND OR TERMINATE THAT PART OF ITS
SERVICES IMMEDIATELY WITHOUT NOTICE OR FURTHER OBLIGATION TO YOU.
CONTENT PROVIDED BY THIRD-PARTIES ("THIRD PARTY CONTENT") MAY CONTAIN: (I)
RESTRICTIONS, INCLUDING WITHOUT LIMITATION, AS TO DISCLOSURE AND USE OF THE
THIRD PARTY CONTENT; AND (II) SPECIFIC DISCLAIMERS WITH REGARD TO SUCH THIRD
PARTY CONTENT, INCLUDING WITHOUT LIMITATION DISCLAIMER FOR LIABILITY FOR
INACCURACIES, ERRORS OR OMISSIONS; WHICH MAY BE DISPLAYED IN AND SHALL APPLY TO
THE THIRD PARTY CONTENT.
SUCH THIRD PARTY CONTENT IS PROVIDED BY OTHER, NON-S&P GLOBAL INFORMATION
PROVIDERS AND THEREFORE S&P GLOBAL HAS NO RESPONSIBILITY AND MAKES NO
REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY, TIMELINESS OR COMPLETENESS OF
THE THIRD PARTY CONTENT. S&P GLOBAL SHALL NOT BE HELD LIABLE FOR ANY LOSS OR
DAMAGE CAUSED BY THE INACCURACIES, ERRORS OR OMISSIONS, INCOMPLETE OR LATE THIRD
PARTY CONTENT.
IN ORDER TO PROVIDE THE SERVICES, WE MAY BE REQUIRED TO SHARE CERTAIN
INFORMATION REGARDING OUR AGREEMENT WITH YOU, YOUR USE OF THE S&P GLOBAL
SERVICES OR THIRD PARTY CONTENT OR DETAILS OF THE S&P GLOBAL SERVICES OR THIRD
PARTY CONTENT PROVIDED TO YOU WITH SUCH THIRD-PARTY LICENSOR.
PLEASE CLICK ON ANY OF THE FOLLOWING HYPERLINKS TO SEE THE ADDITIONAL TERMS AND
CONDITIONS IMPOSED BY THE FOLLOWING THIRD-PARTY DATA PROVIDERS REGARDING USE OF
THEIR DATA:
1. FITCH RATINGS LTD.
2. FTSE INTERNATIONAL
3. FTSE – RUSSELLTICK
4. MOODY'S INVESTORS SERVICE
5. MORGAN STANLEY CAPITAL INTERNATIONAL
6. CME
7. DEUTSCHE BOERSE
8. MORNINGSTAR
9. EURONEXT
10. MSRB
11. AUSTRALIAN FINANCIAL MARKETS ASSOCIATION (AFMA)
12. AUSTRALIAN SECURITIES EXCHANGE (ASX)
13. CHINA EXCHANGES SERVICES COMPANY (CESC)
14. CITIGROUP
15. HANG SENG INDICES
16. HEDGE FUND RESEARCH
17. LONDON STOCK EXCHANGE (SEDOL)
18. ROBO GLOBAL LLC
19. SUSTAINALYTICS
20. FACTSET RESEARCH SYSTEMS, INC
21. NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC)
22. TREPP UK LIMITED
23. THOMSON REUTERS MUNICIPAL MARKET DATA (MMD)
24. INTERCONTINENTAL EXCHANGE GROUP (ICE)
25. ECONODAY, INC.
26. SONIA AND SONIA COMPOUNDED INDEX
27. NATIONAL ASSOCIATION OF REALTORS®
28. IBOR FALLBACK RATES DATA - BLOOMBERG
29. FEDERAL RESERVE BANK OF NEW YORK - SOFR DATA
30. EUROPEAN CENTRAL BANK
31. BANK OF JAPAN - TONAR
16.1 FITCH RATINGS LTD. 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 AFFILIATES AND LICENSORS, AND ALL RIGHTS IN
OR TO FITCH INFORMATION NOT GRANTED TO CLIENT ARE EXPRESSLY RESERVED BY FITCH
AND ITS AFFILIATES AND LICENSORS.
DISCLAIMER. ALTHOUGH THE FITCH INFORMATION IS BASED UPON INFORMATION OBTAINED
FROM SOURCES FITCH BELIEVES IN GOOD FAITH TO BE RELIABLE, CLIENT ACKNOWLEDGES
THAT FITCH DOES NOT REPRESENT, WARRANT OR GUARANTEE THE ACCURACY, CORRECTNESS,
INTEGRITY, COMPLETENESS OR TIMELINESS OF ANY PART OF FITCH INFORMATION AND
EXPRESSLY ACKNOWLEDGES FITCH'S DISCLAIMER THAT FITCH DOES NOT AUDIT OR VERIFY
ACCURACY OF THE INFORMATION PROVIDED TO IT BY ISSUERS, THEIR REPRESENTATIVES,
ACCOUNTANTS AND LEGAL ADVISORS AND OTHERS. FITCH ALSO DOES NOT REPRESENT,
WARRANT OR GUARANTEE: (I) THE DESIGN OR PERFORMANCE OF ANY PART OF THE FITCH
INFORMATION OR ANY FITCH WEBSITE, OR (II) THAT THE FITCH INFORMATION OR ANY
FITCH WEB SITE WILL FULFILL ANY OF THE CLIENT'S PARTICULAR PURPOSES OR NEEDS.
FITCH DOES NOT RECOMMEND THE PURCHASE OR SALE OF SECURITIES, DOES NOT GIVE
OPINIONS AS TO THE VALUE OF SECURITIES AND DOES NOT GIVE INVESTMENT ADVICE.
FITCH IS NOT RESPONSIBLE FOR ANY CREDIT, LOAN OR INVESTMENT DECISIONS, DAMAGES
OR OTHER LOSSES RESULTING FROM USE OF THE FITCH INFORMATION. FITCH SHALL NOT BE
RESPONSIBLE FOR ANY DISCREPANCIES THAT MAY EXIST BETWEEN THE DATABASE FROM THE
FITCH INFORMATION SENT TO CLIENT AND CORRESPONDING DATA CONTAINED IN FITCH'S
DATABASE AFTER THE TIME SUCH DATABASE WAS SENT TO CLIENT. FITCH INFORMATION AND
ACCESS TO AND USE OF ANY FITCH WEB SITE, IF APPLICABLE, IS PROVIDED "AS IS" AND
ALL FAULTS AND THE ENTIRE RISK AS TO SATISFACTORY QUALITY, PERFORMANCE, ACCURACY
AND EFFORT IS WITH SUBSCRIBER. FITCH DISCLAIMS ALL OTHER WARRANTIES OR
CONDITIONS, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED
WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE
AND ABSENCE OF VIRUSES AND DAMAGING OR DISABLING CODE. FITCH SPECIFICALLY
DISCLAIMS ANY WARRANTY OR REPRESENTATION THAT FITCH PRODUCT WILL MEET
SUBSCRIBERS' REQUIREMENTS, THAT THE OPERATION OF FITCH PRODUCT AND/OR ITS USE
WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS IN FITCH PRODUCT, IF ANY, WILL
BE CORRECTABLE OR CORRECTED, OR THAT FITCH PRODUCT IS COMPATIBLE WITH ANY
PARTICULAR PLATFORM.
16.2 FTSE INTERNATIONAL S&P GLOBAL IS LICENSED BY FTSE INTERNATIONAL LIMITED TO
PUBLISH CERTAIN FTSE PRODUCTS (“PRODUCTS”) AND MAKE THEM AVAILABLE TO YOU. FTSE
SHALL NOT BE RESPONSIBLE FOR ANY ERROR OR OMISSION IN THESE PRODUCTS. ALL
COPYRIGHT AND DATABASE RIGHTS IN THESE PRODUCTS BELONG TO FTSE OR ITS LICENSORS.
REDISTRIBUTION OF THE DATA COMPRISING THESE PRODUCTS IS NOT PERMITTED. YOU AGREE
TO COMPLY WITH ANY RESTRICTIONS OR CONDITIONS IMPOSED UPON THE USE, ACCESS, OR
STORAGE OF THE DATA AS MAY BE NOTIFIED TO YOU BY FTSE OR S&P GLOBAL AND YOU MAY
BE REQUIRED TO ENTER INTO A SEPARATE AGREEMENT WITH FTSE OR S&P GLOBAL.
"FTSETM", "FT-SETM" AND "FOOTSIETM" ARE TRADEMARKS OF LONDON STOCK EXCHANGE PLC
AND THE FINANCIAL TIMES LIMITED AND ARE USED BY FTSE INTERNATIONAL LIMITED UNDER
LICENSE.
16.3 FTSE - 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
S&P GLOBAL SERVICES. UNLESS EXPRESSLY PERMITTED OTHERWISE UNDER YOUR OWN 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 S&P GLOBAL 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 S&P GLOBAL 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 OTHER 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, 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 CREATING 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 TRADEMARKS IN A GENERIC WAY OR AS PART OF YOUR NAME
OR THE NAME OF ANY ASSOCIATED COMPANY;(G) USE THE DATA OR INDEX TRADEMARKS:(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 LICENSE
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 S&P
GLOBAL.
16.4 MOODY'S INVESTORS SERVICE MOODY'S© COPYRIGHT 2021, MOODY'S INVESTORS
SERVICE, INC. ("MOODY'S"). MOODY'S RATINGS ("RATINGS") ARE PROPRIETARY TO
MOODY'S OR ITS AFFILIATES AND ARE PROTECTED BY COPYRIGHT AND OTHER INTELLECTUAL
PROPERTY LAWS. RATINGS ARE LICENSED TO LICENSEE BY MOODY'S. RATINGS MAY NOT BE
COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED,
DISSEMINATED, REDISTRIBUTED 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 MOODY'S PRIOR WRITTEN CONSENT.
MOODY'S® IS A REGISTERED TRADEMARK.
ALL DATA FURNISHED BY MOODY'S ARE PROPRIETARY TO MOODY'S (OR ITS LICENSORS) AND
ARE SO FURNISHED AT MOODY'S' REQUEST AND FOR YOUR EXCLUSIVE USE. NO DATA SO
FURNISHED MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER
TRANSMITTED, TRANSFERRED, DISSEMINATED, DISTRIBUTED, REDISTRIBUTED, SOLD,
RESOLD, LEASED, RENTED, LICENSED, SUBLICENSED, ALTERED, MODIFIED, ADAPTED, 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 YOU OR ANY OTHER PERSON OR ENTITY,
WITHOUT MOODY'S' PRIOR WRITTEN CONSENT.
ALL DATA IS PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND, AND MOODY'S (AND
MOODY'S' LICENSORS AND SERVICE PROVIDERS), IN PARTICULAR, MAKE NO REPRESENTATION
OR WARRANTY, EXPRESS OR IMPLIED, TO YOU OR ANY OTHER PERSON OR ENTITY AS TO THE
ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY
PARTICULAR PURPOSE OF ANY SUCH DATA. UNDER NO CIRCUMSTANCE SHALL MOODY'S, OR ITS
LICENSORS OR SERVICE PROVIDERS, HAVE ANY LIABILITY WHATSOEVER TO YOU OR ANY
OTHER PERSON OR ENTITY, OR BE LIABLE FOR ANY INDIRECT, SPECIAL, CONSEQUENTIAL,
INCIDENTAL OR COMPENSATORY DAMAGES RESULTING OR RELATING TO THE USE OF, OR
INABILITY TO USE, ANY OF THE DATA.
16.5 MORGAN STANLEY CAPITAL INTERNATIONAL, MSCI INC. COPYRIGHT MSCI 2021. ALL
RIGHTS RESERVED. WITHOUT PRIOR WRITTEN PERMISSION OF MSCI, THIS INFORMATION AND
ANY OTHER MSCI INTELLECTUAL PROPERTY MAY ONLY BE USED FOR YOUR INTERNAL USE, MAY
NOT BE REPRODUCED OR REDISSEMINATED IN ANY FORM AND MAY NOT BE USED TO CREATE
ANY FINANCIAL INSTRUMENTS OR PRODUCTS OR ANY INDICES. THIS INFORMATION IS
PROVIDED ON AN "AS IS" BASIS, AND THE USER OF THIS INFORMATION, ASSUMES THE
ENTIRE RISK OF ANY USE MADE OF THIS INFORMATION.
NEITHER MSCI NOR ANY THIRD PARTY INVOLVED IN OR RELATED TO THE COMPUTING OR
COMPILING OF THE DATA MAKES ANY EXPRESS OR IMPLIED WARRANTIES, REPRESENTATIONS
OR GUARANTEES CONCERNING THE MSCI INDEX-RELATED DATA, AND IN NO EVENT WILL MSCI
OR ANY THIRD PARTY HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL,
PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST PROFITS) RELATING
TO ANY USE OF THIS INFORMATION.
MSCI ESG RESEARCH LLC DATA (“MSCI DATA”) WAS USED BY S&P GLOBAL IN THE SELECTION
PROCESS OF COMPANIES INCLUDED IN THE S&P GLOBAL MSCI ESG INDICES. MSCI DOES NOT
IN ANY WAY SPONSOR, SUPPORT, PROMOTE OR ENDORSE THE INDEX. MSCI WAS NOT AND IS
NOT INVOLVED IN ANY WAY IN THE CREATION, CALCULATION, MAINTENANCE OR REVIEW OF
THE INDEX. FOR THE AVOIDANCE OF DOUBT, MSCI IS NOT THE BENCHMARK “ADMINISTRATOR”
FOR, OR A “CONTRIBUTOR”, “SUBMITTER” OR “SUPERVISED CONTRIBUTOR” TO, THE INDEX,
AND THE MSCI DATA IS NOT CONSIDERED A “CONTRIBUTION” OR “SUBMISSION” IN RELATION
TO THE INDEX, AS THOSE TERMS MAY BE DEFINED IN ANY RULES, LAWS, REGULATIONS,
LEGISLATION OR INTERNATIONAL STANDARDS. MSCI DATA IS PROVIDED “AS IS” WITHOUT
WARRANTY OR LIABILITY AND NO COPYING OR DISTRIBUTION IS PERMITTED. MSCI DOES NOT
MAKE ANY REPRESENTATION REGARDING THE ADVISABILITY OF ANY INVESTMENT OR STRATEGY
AND DOES NOT SPONSOR, PROMOTE, ISSUE, SELL OR OTHERWISE RECOMMEND OR ENDORSE ANY
INVESTMENT OR STRATEGY, INCLUDING ANY FINANCIAL PRODUCTS OR STRATEGIES BASED ON,
TRACKING OR OTHERWISE UTILIZING ANY MSCI DATA, MODELS, ANALYTICS OR OTHER
MATERIALS OR INFORMATION. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT
SHALL MSCI HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL,
PUNITIVE, CONSEQUENTIAL (INCLUDING, WITHOUT LIMITATION, LOST PROFITS) OR ANY
OTHER DAMAGES IN CONNECTION WITH THE MSCI DATA OR THE INDEX.
16.6 CME OTC INFORMATION, INCLUDING REAL TIME, DELAYED AND/OR END OF DAY
INFORMATION, MAY ONLY BE DISTRIBUTED TO SUBSCRIBERS THAT HAVE EXECUTED A
SUBSCRIBER AGREEMENT. SUBSCRIBERS ACCESSING INFORMATION AND/OR OTC INFORMATION
MAY NOT (I) DISTRIBUTE INFORMATION TO THIRD PARTIES OUTSIDE SUBSCRIBER'S GROUP
AND (II) OTC INFORMATION TO ANY OTHER ENTITY INCLUDING WITHOUT LIMITATION OTHER
ENTITIES WITHIN SUBSCRIBER'S GROUP, EXCEPT FOR: (I) DELAYED INFORMATION (OTHER
THAN OTC INFORMATION), WHEN AVAILABLE AS A LICENSING OPTION AND SUBJECT TO THE
CONDITIONS PUBLISHED BY CME FROM TIME TO TIME AND PROVIDED ALSO THAT DISTRIBUTOR
REPORTS TO CME AND PAYS THE APPLICABLE DELAYED LICENSE, WEBSITE, AND USER FEES
WHERE APPLICABLE, AND AS OUTLINED IN THE SCHEDULE 4: MARKET DATA POLICIES AND
THE SCHEDULE 5: FEE SCHEDULE. THIS EXCEPTION IS SOLELY FOR INFORMATION AND IS
NOT APPLICABLE TO OTC INFORMATION. (II) INCLUSION OF INFORMATION (OTHER THAN OTC
INFORMATION) IN MEDIA PUBLICATIONS, SUBJECT TO THE CONDITIONS PUBLISHED BY CME
FROM TIME TO TIME AND PROVIDED ALSO THAT THE DISTRIBUTOR REPORTS TO CME AND PAYS
THE APPLICABLE MEDIA REDISTRIBUTION FEE FOR SUBSCRIBERS THAT REDISTRIBUTE
INFORMATION. (III) COMMUNICATION OF LIMITED EXTRACTS OF INFORMATION (OTHER THAN
OTC INFORMATION), SUBJECT TO THE CONDITIONS PUBLISHED BY CME FROM TIME TO TIME,
AND (IV) PUBLIC INTERNET DISPLAY, SUBJECT TO DISTRIBUTOR MEETING THE APPLICABLE
REPORTING AND PAYMENT OBLIGATIONS SPECIFIED IN THIS SCHEDULE, PROVIDED THAT ALL
PERSONS ACCESSING INFORMATION (OTHER THAN OTC INFORMATION) ON WEB-HOSTED SITES
WILL BE REGARDED AS SUBSCRIBERS OF DISTRIBUTOR, EXCEPT THAT THEY MAY NOT BE
ALLOWED TO REDISTRIBUTE INFORMATION (OTHER THAN OTC INFORMATION) TO THIRD
PARTIES.
INCLUSION OF OTC INFORMATION IN MEDIA PUBLICATIONS OR ANY OTHER FORM OF MEDIA
REDISTRIBUTION IS EXPRESSLY PROHIBITED. FOR THE AVOIDANCE OF DOUBT, PLEASE NOTE
THAT THE FOREGOING SUBSECTIONS (I) THROUGH (IV) (THE “EXCEPTIONS”) ARE
APPLICABLE SOLELY TO INFORMATION, AND THE EXCEPTIONS ARE NOT APPLICABLE TO OTC
INFORMATION. PLEASE REFERENCE SCHEDULE 5: FEE SCHEDULE FOR AVAILABILITY OF ANY
OF THE FOREGOING.
CME RESERVES ALL RIGHTS TO DETERMINE WHETHER ANY FORM OF INFORMATION
REDISTRIBUTION BY SUBSCRIBER MAY BE ALLOWED, AND RESERVES THE RIGHT TO CHANGE
THE FOREGOING POLICY AT ANY TIME.
ALL USES OF INFORMATION BY SUBSCRIBER THAT ARE SUBJECT TO REPORTING REQUIREMENTS
AS SPECIFIED IN THIS SCHEDULE MUST BE IDENTIFIED AND MEASURED WITH AN APPROVED
UNIT OF COUNT AND BE SUBJECT TO EFFECTIVE INTERNAL CONTROLS WHICH RECORD ALL
AUTHORIZED USE AND PREVENT (OR IDENTIFY AND RECORD) ANY UNAUTHORIZED USE.
SUBSCRIBERS ACCESSING INFORMATION, AS DEFINED BELOW, MAY PROCESS INFORMATION
WITH OR WITHOUT OTHER DATA FOR THE PURPOSE OF CREATING NEW ORIGINAL WORKS,
PROVIDED THAT:(I) ANY WORKS SO CREATED, WHICH DISPLAY, REPRESENT OR RECREATE ANY
ITEM OF INFORMATION (INCLUDING ANY WORKS FROM WHICH INFORMATION MAY BE
REASONABLY BE REVERSE-ENGINEERED) WILL BE REGARDED AS INFORMATION FOR THE
PURPOSES OF THIS AGREEMENT AND WILL BE SUBJECT TO APPLICABLE FEES.(II)
SUBSCRIBER MUST OBTAIN PRIOR PERMISSION FROM CME BEFORE USING ANY ELEMENT OF
INFORMATION TO CREATE OR RECALCULATE INDICES OR ANY ORIGINAL WORK THAT DOES NOT
INCLUDE, DISPLAY OR RECREATE INFORMATION. THESE WORKS WILL BE CONSIDERED DERIVED
WORKS AND WILL REQUIRE LICENSING UNDER SEPARATE AGREEMENT WITH CME. NO USE,
CREATION OR DISTRIBUTION OF SUCH WORKS SHALL BE PERMITTED WITHOUT CME'S EXPRESS
APPROVAL WHICH WILL INCLUDE A SEPARATE LICENSE AGREEMENT (III) CME MAY AT ITS
SOLE DISCRETION DENY PERMISSION OR REQUIRE DISTRIBUTOR TO PAY LICENSE FEES FOR
EACH SUBSCRIBER GRANTED THE RIGHT TO CREATE OR RECALCULATE INDICES OR ANY OTHER
WORK FROM INFORMATION, FOR USE IN DERIVED WORKS. (IV) CME HEREBY GRANTS
PERMISSION FOR THE USE OF INFORMATION TO CREATE GRAPHS AND CHARTS, WHERE THE
UNDERLYING VALUE OF ELEMENTS OF INFORMATION CANNOT BE IDENTIFIED OR CALCULATED
(FOR EXAMPLE TO COMPARE PERCENTAGE CHANGE IN ELEMENTS OF INFORMATION WITH
PERCENTAGE CHANGE IN OTHER DATA.)SUCH USE WILL NOT BE CONSIDERED DERIVED WORKS.
NO FEES WILL APPLY TO SUBSCRIBERS WHERE THE DISTRIBUTOR PROVIDES THIS SERVICE.
SUBSCRIBER MUST NOT MISREPRESENT INFORMATION OR DEFACE OR REMOVE ANY TRADEMARKS
TRANSMITTED WITH INFORMATION.
SUBSCRIBER MUST NOT USE INFORMATION FOR ANY ILLEGAL PURPOSE. SUBSCRIBER MUST
RECOGNIZE ALL INTELLECTUAL PROPERTY RIGHTS AS ACKNOWLEDGED BETWEEN DISTRIBUTOR
AND CME.
SUBSCRIBER MUST MAINTAIN ALL RECORDS AND PROVIDE ALL INFORMATION REQUIRED BY
DISTRIBUTOR TO MEET DISTRIBUTOR'S RECORD-KEEPING, REPORTING AND PAYMENT
OBLIGATIONS TO CME.
SUBSCRIBER MUST ALLOW CME OR ANY AUDITORS ACTING ON BEHALF OF CME TO AUDIT
SUBSCRIBER'S RECORDS AND USE OF INFORMATION.
SUBJECT TO APPLICABLE LAW, SUBSCRIBER SHALL OBTAIN AND PROVIDE ANY CONSENT
NEEDED FOR CME OR ANY AUDITORS ACTING ON BEHALF OF CME TO REVIEW AND RECEIVE
PERSONAL DATA, WHERE NECESSARY FOR THE PURPOSES OF VERIFYING OR ENSURING
COMPLIANCE WITH DISTRIBUTOR'S OBLIGATIONS TO CME.
IN ADDITION TO ANY OTHER REMEDY, DISTRIBUTOR MAY IMMEDIATELY SUSPEND OR
TERMINATE DISTRIBUTION OF INFORMATION TO SUBSCRIBER IF DISTRIBUTOR HAS REASON TO
SUSPECT NON-COMPLIANCE WITH ANY OF THESE TERMS OF IF DISTRIBUTOR IS REQUIRED TO
DO SO BY CME FOR ANY REASON.
CME GROUP MARKET DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR
CERTAIN S&P GLOBAL PRODUCTS. CME GROUP HAS NO OTHER CONNECTION TO S&P GLOBAL
PRODUCTS AND SERVICES AND DOES NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY
S&P GLOBAL PRODUCTS OR SERVICES. CME GROUP HAS NO OBLIGATION OR LIABILITY IN
CONNECTION WITH THE S&P GLOBAL PRODUCTS AND SERVICES. CME GROUP DOES NOT
GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY MARKET DATA LICENSED TO
S&P GLOBAL AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR
INTERRUPTIONS THEREIN. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS
OR ARRANGEMENTS BETWEEN CME GROUP AND S&P GLOBAL.
16.7 DEUTSCHE BOERSE SUBSCRIBERS ARE PERMITTED TO EXCLUSIVELY USE THE LICENSED
INFORMATION INTERNALLY; ONWARD DISSEMINATION OF LICENSED INFORMATION BY
SUBSCRIBERS TO THIRD PARTIES WITHOUT THE EXPRESS PRIOR WRITTEN APPROVAL BY
DEUTSCHE BOERSE AG IS PROHIBITED. THE PROHIBITION OF THE ONWARD DISSEMINATION IN
THE PRIOR SENTENCE DOES NOT APPLY IF THE SUBSCRIBER IS SIMULTANEOUSLY A VENDOR.
16.8 MORNINGSTAR © 2021 MORNINGSTAR. ALL RIGHTS RESERVED. THE INFORMATION
CONTAINED HEREIN: (1) IS PROPRIETARY TO MORNINGSTAR 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.
SELECT FUNDAMENTALS CONTENT AND OWNERSHIP CONTENT, AND SELECT ETF PRICES (NYSE
CTA TAPE A AND AMEX CTA TAPE B) PROVIDED BY MORNINGSTAR, INC.
© 2021 MORNINGSTAR. ALL RIGHTS RESERVED. THE INFORMATION, DATA, ANALYSES AND
OPINIONS (“INFORMATION”) CONTAINED HEREIN: (1) INCLUDE THE PROPRIETARY
INFORMATION OF MORNINGSTAR AND ITS CONTENT PROVIDERS; (2) MAY NOT BE COPIED OR
REDISTRIBUTED EXCEPT AS SPECIFICALLY AUTHORIZED; (3) DO NOT CONSTITUTE
INVESTMENT ADVICE; (4) ARE PROVIDED SOLELY FOR INFORMATIONAL PURPOSES; (5) ARE
NOT WARRANTED TO BE COMPLETE, ACCURATE OR TIMELY; AND (6) MAY BE DRAWN FROM FUND
DATA PUBLISHED ON VARIOUS DATES. MORNINGSTAR IS NOT RESPONSIBLE FOR ANY TRADING
DECISIONS, DAMAGES OR OTHER LOSSES RELATED TO THE INFORMATION OR ITS USE. PLEASE
VERIFY ALL OF THE INFORMATION BEFORE USING IT AND DON’T MAKE ANY INVESTMENT
DECISION EXCEPT UPON THE ADVICE OF A PROFESSIONAL FINANCIAL ADVISER. PAST
PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. THE VALUE AND INCOME DERIVED FROM
INVESTMENTS MAY GO DOWN AS WELL AS UP.
16.9 EURONEXT REDISTRIBUTION OF EURONEXT INFORMATION IS PROHIBITED WITHOUT AN
INDIVIDUAL LICENSE BETWEEN YOU AND EURONEXT. POWERED BY EURONEXT ©.
16.10 MSRB 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
OR MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE REGARDING THE SERVICE.
YOU 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 UNINTENTIONAL ERROR, OMISSION, INACCURACY, INCOMPLETENESS OR
UNTIMELINESS IN OR WITH RESPECT TO THE SERVICE. THE MRSB, 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.
16.11 AUSTRALIAN FINANCIAL MARKETS ASSOCIATION (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.
16.12 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://ASXONLINE.COM/MARKETINFO/PRODUCT.SHTM
16.13 CHINA EXCHANGES SERVICES COMPANY (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
ACCEPT NO LIABILITY (WHETHER IN TOR 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.
16.14 CITIGROUP 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.
16.15 HANG SENG INDICES THE 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 S&P GLOBAL 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.
16.16 HEDGE FUND RESEARCH CLIENT RESTRICTION 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 (I) 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, OR (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.
16.17 LONDON STOCK EXCHANGE CUSTOMERS WISHING TO STORE, EXTRACT, DOWNLOAD AND/OR
REPRODUCE STOCK EXCHANGE DAILY OFFICIAL LIST (SEDOL) CODES ARE REQUIRED TO SIGN
A LICENSE AGREEMENT WITH THE LONDON STOCK EXCHANGE. THE FOLLOWING EXCEPTIONS
APPLY:
WHERE THE CUSTOMER HAS STORED OR ARCHIVED OFF SEDOL CODES FOR REGULATORY
PURPOSES, AS LONG AS THE CUSTOMER CAN DEMONSTRATE THAT THERE ARE CONTROLS IN
PLACE TO ENSURE SEDOL CODES THAT ONLY NAMED INDIVIDUALS CAN ACCESS THAT DATA FOR
REGULATORY OR REGULATORY SUPPORT PURPOSES, THEN ALL SEDOL CODES WITHIN THIS
DATABASE CAN BE DISCOUNTED.
WHERE A VENDOR IS UNABLE TO CONTROL OR PERMISSION THE LEVEL OF CODES PROVIDED TO
THE CUSTOMER, CODES WHICH ARE NOT BEING PROCESSED, AS DEFINED ABOVE, MAY BE
DISCOUNTED. IN SUCH CASES, THE VENDOR IS REQUIRED TO PROVIDE TO THE LONDON STOCK
EXCHANGE LISTS OF ALL CUSTOMERS THAT HAVE THE ABILITY TO ACCESS SEDOL CODES AND
THE LONDON STOCK EXCHANGE WILL CONTACT SUCH CUSTOMERS TO ASCERTAIN WHETHER THEY
ARE PROCESSING SEDOL CODES. HOWEVER, THE CUSTOMER WOULD BE EXPECTED TO
TECHNICALLY DEMONSTRATE TO THE LONDON STOCK EXCHANGE THAT THESE DISCOUNTED CODES
ARE BEING DISCARDED AND/OR ARCHIVED FOR REGULATORY PURPOSES. WHERE SEDOL CODES
ARE BEING HELD, BUT NOT BEING PROCESSED (AS PER THE DEFINITION ABOVE) BECAUSE
TRADING HAS OFFICIALLY CEASED (FOR EXAMPLE, DELISTING OR MATURITY DATE EXPIRED)
IN THE SECURITY TO WHICH THEY RELATE, THEY CAN BE DISCOUNTED.
FOR FURTHER INFORMATION, PLEASE REFER TO THE SEDOL MASTERFILE PRICING AND POLICY
GUIDELINES, OR CONTACT THE LONDON STOCK EXCHANGE SEDOL TEAM: INFO:
SEDOL@LONDONSTOCKEXCHANGE.COM
16.18 ROBO GLOBAL LLC COPYRIGHT ROBO GLOBAL LLC (“RG") 2021. ALL RIGHTS
RESERVED. WITHOUT PRIOR WRITTEN PERMISSION OF RG, THIS INFORMATION AND ANY OTHER
RG INTELLECTUAL PROPERTY MAY ONLY BE USED FOR YOUR INTERNAL USE, MAY NOT BE
REPRODUCED OR REDISSEMINATED IN ANY FORM AND MAY NOT BE USED TO CREATE ANY
FINANCIAL INSTRUMENTS OR PRODUCTS OR ANY INDICES. THIS INFORMATION IS PROVIDED
ON AN “AS IS” BASIS, AND THE USER OF THIS INFORMATION ASSUMES THE ENTIRE RISK OF
ANY USE MADE OF THIS INFORMATION. NEITHER RG NOR ANY THIRD PARTY INVOLVED IN OR
RELATED TO THE COMPUTING OR COMPILING OF THE DATA MAKES ANY EXPRESS OR IMPLIED
WARRANTIES, REPRESENTATIONS OR GUARANTEES CONCERNING THE RG INDEX-RELATED DATA,
AND IN NO EVENT WILL RG OR ANY THIRD PARTY HAVE ANY LIABILITY FOR ANY DIRECT,
INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST
PROFITS) RELATING TO ANY USE OF THIS INFORMATION.
16.19 SUSTAINALYTICS PART OF THIS PUBLICATION MAY CONTAIN SUSTAINALYTICS
PROPRIETARY INFORMATION THAT MAY NOT BE REPRODUCED, USED, DISSEMINATED, MODIFIED
NOR PUBLISHED IN ANY MANNER WITHOUT THE EXPRESS WRITTEN CONSENT OF
SUSTAINALYTICS. NOTHING CONTAINED IN THIS PUBLICATION SHALL BE CONSTRUED AS TO
MAKE A REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, REGARDING THE
MERCHANTABILITY, COMPLETENESS, ACCURACY OR FITNESS FOR A PARTICULAR PURPOSE. THE
INFORMATION HEREIN IS PROVIDED SOLELY FOR INFORMATIONAL PURPOSES AND THEREFORE
IS NOT AN OFFER TO BUY OR SELL A SECURITY. NEITHER SUSTAINALYTICS NOR ALL ITS
THIRD-PARTY SUPPLIERS PROVIDE INVESTMENT ADVICE (AS DEFINED IN THE APPLICABLE
JURISDICTION) OR ANY OTHER FORM OF (FINANCIAL) ADVICE AND NOTHING WITHIN THIS
PUBLICATION/REPORT CONSTITUTES SUCH ADVICE. THE INFORMATION IS PROVIDED “AS IS”
AND, THEREFORE SUSTAINALYTICS ASSUMES NO RESPONSIBILITY FOR ERRORS OR OMISSIONS.
SUSTAINALYTICS CANNOT BE HELD LIABLE FOR DAMAGE ARISING FROM THE USE OF THIS
PUBLICATION OR INFORMATION CONTAINED HEREIN IN ANY MANNER WHATSOEVER. COPYRIGHT
© SUSTAINALYTICS 2021. ALL RIGHTS RESERVED.
NOTE, CUSTOMERS HEREBY AGREE TO COMPLY WITH ANY TERMS AND CONDITIONS GOVERNING
THE USE OF ANY THIRD PARTY WEBSITE OR CONTENT ACCESSED THROUGH THE SERVICE.
THIRD PARTY TERMS OF USE ARE AVAILABLE
AT: HTTPS://WWW.SUSTAINALYTICS.COM/THIRD-PARTY-TERMS-OF-USE(OPENS IN A NEW TAB).
16.20 FACTSET RESEARCH SYSTEMS, INC. SELECT EQUITY OWNERSHIP CONTENT PROVIDED BY
FACTSET RESEARCH SYSTEMS, INC. UNDERLYING OWNERSHIP DATA, COPYRIGHT © 2021
FACTSET RESEARCH SYSTEMS INC. ALL RIGHTS RESERVED.
16.21 NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC). CERTAIN LOAN
OWNERSHIP DATA PROVIDED BY NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS
(NAIC). DATA SOURCE: NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS, BY
PERMISSION. THE NAIC DOES NOT ENDORSE ANY ANALYSIS OR CONCLUSIONS BASED UPON THE
USE OF ITS DATA.
16.22 TREPP UK LIMITED. CERTAIN COLLATERALIZED LOAN OBLIGATION DATA PROVIDED BY
TREPP UK LIMITED. ALL RIGHTS RESERVED. TREPP PROVIDED DATA IS “AS IS” WITHOUT
WARRANTY OF ANY KIND AND TREPP EXPRESSLY DISCLAIMS THE IMPLIED WARRANTY OF
MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE.
16.23 THOMSON REUTERS MUNICIPAL MARKET DATA (MMD). SELECT MUNICIPAL MARKET DATA
INFORMATION PROVIDED BY THOMSON REUTERS MUNICIPAL MARKET DATA (MMD) MUNICIPAL
YIELD CURVE AND EARLY READ DATA PROVIDED BY MMD. S&P GLOBAL RESERVES THE RIGHT
TO REMOVE MMD CONTENT FOR NON-SUBSCRIBERS. EMAIL CLIENTSERVICE@TM3.COM OR CALL
1-800-367-8251 FOR FULL MMD ACCESS. FOR MORE INFORMATION SEE WWW.TM3.COM.
16.24 INTERCONTINENTAL EXCHANGE GROUP (ICE). SELECT TREASURIES INFORMATION
PROVIDED BY INTERACTIVE DATA CORPORATION, A WHOLLY OWNED SUBSIDIARY OF
INTERCONTINENTAL EXCHANGE GROUP (ICE)
16.25 ECONODAY, INC. CERTAIN BASIC U.S. AND U.S. TREASURIES DATA PROVIDED BY
ECONODAY, INC. IMPORTANT LEGAL NOTICE: ECONODAY HAS ATTEMPTED TO VERIFY THE
INFORMATION CONTAINED IN THIS CALENDAR. HOWEVER, ANY ASPECT OF SUCH INFO MAY
CHANGE WITHOUT NOTICE. ECONODAY DOES NOT PROVIDE INVESTMENT ADVICE, AND DOES NOT
REPRESENT THAT ANY OF THE INFORMATION OR RELATED ANALYSIS IS ACCURATE OR
COMPLETE AT ANY TIME. © 2021 ECONODAY INC. ALL RIGHTS RESERVED.
16.26 SONIA AND SONIA COMPOUNDED INDEX ARE COPYRIGHT THE BANK OF ENGLAND. THE
TRADEMARKS “BANK OF ENGLAND” AND “SONIA” ARE REGISTERED TRADEMARKS OF THE BANK
OF ENGLAND. ALL RIGHTS RESERVED. THE SONIA BENCHMARK AND SONIA COMPOUNDED INDEX
INCLUDE THE PROPRIETARY INFORMATION OF THE BANK OF ENGLAND AND THE DATA
COMPRISING THE SONIA BENCHMARK AND SONIA COMPOUNDED INDEX MAY NOT BE COPIED OR
DISTRIBUTED EXCEPT AS SPECIFICALLY AUTHORIZED. THE SONIA BENCHMARK AND SONIA
COMPOUNDED INDEX ARE NOT INTENDED TO BE RELIED UPON AS AUTHORITATIVE OR TAKEN IN
SUBSTITUTION FOR THE EXERCISE OF JUDGMENT AND DO NOT CONSTITUTE INVESTMENT
ADVICE. THE SONIA BENCHMARK AND SONIA COMPOUNDED INDEX ARE NOT, AND SHOULD NOT
BE CONSTRUED AS, AN OFFER, BID OR SOLICITATION IN RELATION TO ANY FINANCIAL
INSTRUMENT. THE BANK OF ENGLAND DOES NOT GUARANTEE, AND EXPRESSLY DISCLAIMS ANY
LIABILITY FOR, AND MAKES NO REPRESENTATIONS OR WARRANTIES WHETHER EXPRESS OR
IMPLIED, AS TO THE CURRENCY, ACCURACY, TIMELINESS, COMPLETENESS OR FITNESS FOR
ANY PARTICULAR PURPOSE OF THE SONIA BENCHMARK OR THE SONIA COMPOUNDED INDEX. THE
BANK OF ENGLAND ACCEPTS NO LIABILITY WHATSOEVER FOR ANY LOSS (INCLUDING, BUT NOT
LIMITED TO ANY DIRECT, INDIRECT OR CONSEQUENTIAL LOSS, WHETHER OR NOT SUCH LOSS
IS FORESEEABLE AND WHETHER OR NOT THE BANK OF ENGLAND HAS BEEN APPRAISED OF THE
USE TO WHICH THE SONIA BENCHMARK OR SONIA COMPOUNDED INDEX WILL BE PUT)
HOWSOEVER ARISING FROM THE USE, THE TIMELINESS OF DELIVERY OR THE FAILURE OF
DELIVERY OF THE SONIA BENCHMARK OR SONIA COMPOUNDED INDEX.
16.27 NATIONAL ASSOCIATION OF REALTORS® DATA USED WITH THE PERMISSION OF THE
NATIONAL ASSOCIATION OF REALTORS®. COPYRIGHT 2021 NATIONAL ASSOCIATION OF
REALTORS®. SUCH DATA SHALL NOT BE REDISTRIBUTED IN ANY WAY WITHOUT PERMISSION OF
THE NATIONAL ASSOCIATION OF REALTORS®. INFORMATION HAS BEEN OBTAINED BY THE
NATIONAL ASSOCIATION OF REALTORS® FROM SOURCES BELIEVED TO BE RELIABLE. HOWEVER,
BECAUSE OF THE POSSIBILITY OF HUMAN OR MECHANICAL ERROR BY THE NATIONAL
ASSOCIATION OF REALTORS® OR OTHERS, NATIONAL ASSOCIATION OF REALTORS® DOES NOT
GUARANTEE THE ACCURACY, ADEQUACY, OR COMPLETENESS OF ANY INFORMATION AND IS NOT
RESPONSIBLE FOR ANY ERRORS OR OMISSIONS OR THE RESULTS OBTAINED FROM THE USE OF
SUCH INFORMATION AND EXPRESSLY DISCLAIMS ALL WARRANTIES WITH REGARD TO THE DATA
PROVIDED.
16.28 IBOR FALLBACK RATES DATA - BLOOMBERG IS A TRADEMARK AND SERVICE MARK OF
BLOOMBERG FINANCE L.P. ("BFLP"). ISDA IS A TRADEMARK AND SERVICE MARK OF THE
INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC. ("ISDA"). LIBOR® AND ICE
LIBOR® ARE TRADEMARKS OF ICE BENCHMARK ADMINISTRATION LIMITED AND/OR ITS
AFFILIATES (COLLECTIVELY, “ICE”) AND ARE USED WITH PERMISSION UNDER LICENCE BY
ICE. BLOOMBERG INDEX SERVICES LIMITED ("BISL" AND, COLLECTIVELY WITH BFLP AND
THEIR AFFILIATES, "BLOOMBERG") MAINTAINS AND CALCULATES THE ‘FALLBACK’ DATA
COMPRISING THE 'ALL IN' FALLBACK RATES AND THEIR COMPONENT PARTS, THE ADJUSTED
‘RISK-FREE’ REFERENCE RATES AND THE SPREAD ADJUSTMENT (COLLECTIVELY WITH ANY
OTHER DATA OR INFORMATION RELATING THERETO OR CONTAINED THEREIN, THE “FALLBACK
RATES DATA") UNDER AN ENGAGEMENT BETWEEN BISL AND ISDA. TO THE EXTENT BLOOMBERG
USES LIBOR IN THE DETERMINATION OF CERTAIN FALLBACK RATES DATA, IT DOES SO UNDER
LICENCE FROM ICE. NONE OF BLOOMBERG, ISDA OR, WHERE APPLICABLE, ICE GUARANTEES
OR MAKES ANY CLAIM, PREDICTION, WARRANTY OR REPRESENTATION WHATSOEVER, EXPRESS
OR IMPLIED, REGARDING THE TIMELINESS, ACCURACY, COMPLETENESS OF, OR FITNESS FOR
A PARTICULAR PURPOSE WITH RESPECT TO, THE FALLBACK RATES DATA AND EACH SHALL
HAVE NO LIABILITY IN CONNECTION WITH THE FALLBACK RATES DATA. WITHOUT LIMITING
THE FOREGOING, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, NONE OF
BLOOMBERG, ISDA OR, WHERE APPLICABLE, ICE WILL BE LIABLE IN CONTRACT OR TORT
(INCLUDING NEGLIGENCE), FOR BREACH OF STATUTORY DUTY OR NUISANCE, OR UNDER
ANTITRUST LAWS, FOR MISREPRESENTATION OR OTHERWISE, IN RESPECT OF ANY
INACCURACIES, ERRORS, OMISSIONS, DELAYS, FAILURES, CESSATIONS OR CHANGES
(MATERIAL OR OTHERWISE) IN THE FALLBACK RATES DATA, OR FOR ANY DAMAGE, EXPENSE
OR OTHER LOSS (WHETHER DIRECT OR INDIRECT) SUFFERED BY ANY PERSON ARISING OUT OF
OR IN CONNECTION WITH THE FALLBACK RATES DATA OR ANY RELIANCE PLACED UPON IT BY
ANY PERSON, AND ALL IMPLIED TERMS, CONDITIONS AND WARRANTIES, INCLUDING, WITHOUT
LIMITATION, AS TO QUALITY, MERCHANTABILITY, FITNESS FOR PURPOSE, TITLE OR
NON-INFRINGEMENT, IN RELATION TO THE FALLBACK RATES DATA, ARE HEREBY EXCLUDED.
NONE OF BLOOMBERG, ISDA OR, WHERE APPLICABLE, ICE MAKES ANY REPRESENTATIONS
REGARDING WHETHER THE FALLBACK RATES DATA WOULD BE APPROPRIATE FOR DERIVATIVE OR
NON-DERIVATIVE FINANCIAL INSTRUMENTS, INCLUDING DERIVATIVES TRANSACTED OUTSIDE
OF STANDARD ISDA DOCUMENTATION AND RELATED PROTOCOLS. MARKET PARTICIPANTS ARE
ENCOURAGED TO CONSIDER AND ANALYZE THE DETAILS OF THE FALLBACK RATES DATA AND
DETERMINE INDEPENDENTLY WHETHER THEY WOULD BE APPROPRIATE FOR ANY SUCH USE.
WHERE FALLBACK RATES DATA IS USED BY IHS MARKIT AS AN INPUT INTO: (I) A
TRANSACTION, VALUATION, PAYMENT AMOUNT OR SETTLEMENT PRICE AND/OR AMOUNT OF AN
APPROVED FINANCIAL PRODUCT, OR (II) AN INDEX OR BENCHMARK, OR CONSTITUENTS IN
ANY INDEX OR BENCHMARK, AND SUCH FALLBACK RATES DATA IS DISCLOSED BY IHS MARKIT
TO YOU, YOU MAY ONLY USE IT TO IDENTIFY HOW THE FALLBACK RATES DATA IS USED IN
CONNECTION WITH SUCH USE SET OUT AT (I) AND (II). “APPROVED FINANCIAL PRODUCT”
MEANS ALL FINANCIAL PRODUCTS (CREATED BY ANY ENTITY) INCORPORATING OR BASED UPON
ISDA DOCUMENTATION FOR WHICH THE FALLBACK RATE(S) ACT AS FALLBACKS AS WELL AS
ALL OTHER DERIVATIVES AS WELL AS CASH SECURITY INSTRUMENTS, INCLUDING, BUT NOT
LIMITED TO, BONDS, FRNS, LOANS AND MORTGAGES THAT HAVE OPTED TO USE THE FALLBACK
RATE(S) AS FALLBACKS IN USE CASES NOT COVERED BY ISDA DOCUMENTATION. “ISDA
DOCUMENTATION” MEANS STANDARD DOCUMENTS PRODUCED AND MAINTAINED BY ISDA (SUCH AS
THE SUPPLEMENT TO THE 2006 ISDA DEFINITIONS AND RELATED PROTOCOLS) OR
INSTRUMENTS THAT INCORPORATE SUCH ISDA-MAINTAINED DOCUMENTS, INCLUDING BY
EXCHANGE, CLEARING OR OTHER RULE OR REFERENCE.
ANY OTHER USAGE OF ANY FALLBACK RATES DATA (INCLUDING PURSUANT TO THE USAGE
TERMS REFERENCED BELOW) IS PROHIBITED WITHOUT A SEPARATE AGREEMENT WITH
BLOOMBERG IN RESPECT OF SUCH USAGE, UNLESS OTHERWISE AGREED IN WRITING.
FOR FURTHER INFORMATION REGARDING THE USAGE TERMS RELATING TO THE FALLBACK RATES
DATA, PLEASE REFER TO WWW.BLOOMBERG.COM/LIBOR(OPENS IN A NEW
TAB) ANDHTTPS://ASSETS.BBHUB.IO/PROFESSIONAL/SITES/27/ISDA-IBOR-FALLBACKS-WEB-TERMS1.PDF(OPENS
IN A NEW TAB) (AS MAY BE UPDATED FROM TIME TO TIME).
16.29 FEDERAL RESERVE BANK OF NEW YORK - SOFR DATA DISCLAIMER: THE SECURED
OVERNIGHT FINANCING RATE - SOFR, IS SUBJECT TO THE TERMS OF USE POSTED AT
NEWYORKFED.ORG. THE NEW YORK FED IS NOT RESPONSIBLE FOR PUBLICATION OF THE SOFR
RATE BY IHS MARKIT, DOES NOT SANCTION OR ENDORSE ANY PARTICULAR REPUBLICATION,
AND HAS NO LIABILITY FOR YOUR USE. FOR ANY REPUBLICATION OF THIS DATA, YOU MUST
INCLUDE THIS COPYRIGHT NOTICE: “SOFR © [YEAR] FEDERAL RESERVE BANK OF NEW YORK.
CONTENT FROM THE NEW YORK FED SUBJECT TO THE TERMS OF USE AT NEWYORKFED.ORG.”
16.30 EUROPEAN CENTRAL BANK THE EURO SHORT-TERM RATE “€STR ©” IS THE COPYRIGHT
OF THE EUROPEAN CENTRAL BANK. DISCLAIMER: THE EURO SHORT-TERM RATE – €STR, AND
ANY RE-PUBLICATION THEREOF (THE “RATE”) AND ALL OTHER RELATED DATA AND
INFORMATION, INCLUDING THE COMPOUNDED EURO SORT-TERM RATE AVERAGE RATES AND THE
COMPOUNDED EURO SHORT-TERM RATE INDEX, (THE “INFORMATION”) ARE PUBLISHED BY THE
EUROPEAN CENTRAL BANK (ECB) FOR PUBLIC INFORMATION PURPOSES ONLY. THE ECB AND
THE EUROSYSTEM NATIONAL CENTRAL BANKS, IN SO FAR AS THEY CONTRIBUTE TO THE EURO
SHORT-TERM RATE DETERMINATION PROCESS, SHALL NOT BE LIABLE FOR ANY ERROR OR
INACCURACY IN THE RATE OR THE INFORMATION, FOR ANY DELAY IN UPDATING THE RATE OR
THE INFORMATION, NOR SHALL THEY BE LIABLE OR RESPONSIBLE FOR ANY RELIANCE ON OR
USE OF OR INABILITY TO USE THE RATE ON THE INFORMATION IN ANY FINANCIAL
INSTRUMENT, CONTRACT, TRADE OR ANY OTHER COMMERCIAL ACTIVITY OR INVESTMENT
DECISION. THE ECB MAKES NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED AS
TO THE CURRENCY, ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY, OR FITNESS
FOR PURPOSE OF THE RATE OR THE INFORMATION. THE ECB ACCEPTS NO LIABILITY OR
RESPONSIBILITY FOR ANY LOSS, DAMAGE, EXPENSE OR CLAIM (INCLUDING, BUT NOT
LIMITED TO ANY DIRECT, INDIRECT OR CONSEQUENTIAL LOSS, WHETHER OR NOT SUCH LOSS
IS FORESEEABLE AND WHETHER OR NOT THE ECB HAS BEEN APPRISED OF THE USE TO WHICH
THE RATE OR THE INFORMATION WILL BE PUT), HOWEVER ARISING, FROM RELIANCE ON, USE
OF OR INABILITY TO USE THE RATE OR THE INFORMATION.
THIS DISCLAIMER IS NOT INTENDED TO LIMIT THE ECB’S NON-CONTRACTUAL LIABILITY IN
CONTRAVENTION OF ANY REQUIREMENT WHICH ACCORD WITH THE GENERAL PRINCIPLES COMMON
TO THE LAWS OF MEMBER STATES OR TO EXCLUDE ITS LIABILITY FOR MATTERS WHICH
CANNOT BE EXCLUDED UNDER SUCH LAWS.
16.31 BANK OF JAPAN - TONAR THE TOKYO OVERNIGHT AVERAGE RATE – TONAR, IS THE
COPYRIGHT OF THE BANK OF JAPAN. DISCLAIMER: THE BANK OF JAPAN TAKES ALL
REASONABLE MEASURES TO ENSURE THE ACCURACY OF THE TONAR RATE. HOWEVER, THE BANK
OF JAPAN ASSUMES NO RESPONSIBILITY FOR CONSEQUENCES ARISING IN CONNECTION WITH
THE USE OF THE TONAR RATE.
COPYRIGHT © 2022 S&P GLOBAL. ALL RIGHTS RESERVED.
LAST UPDATED: MARCH 2022
TERMS OF USE
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STANDARD TERMS AND CONDITIONS
ALL ORDERS BY S&P GLOBAL INTERNATIONAL (U.K.) LIMITED OR A COMPANY WHICH
DIRECTLY OR INDIRECTLY (A) IT WHOLLY OWNS OR CONTROLS (B) WHOLLY OWNS OR
CONTROLS IT (A “PARENT”) AND/OR (C) IS WHOLLY (“BUYER”) ARE SUBJECT TO THE TERMS
SET FORTH IN THIS PURCHASE ORDER (“ORDER”) AND ANY ATTACHMENTS HERETO.
IF AS OF THE DATE OF THIS ORDER, A MASTER OR OTHER AGREEMENT BETWEEN SELLER AND
BUYER IS IN EFFECT (“MASTER AGREEMENT”), THIS ORDER AND SHALL BE GOVERNED BY AND
IS SUBJECT TO THE TERMS OF THAT MASTER AGREEMENT, AND IN THE EVENT OF ANY
INCONSISTENCY BETWEEN THIS ORDER AND THE MASTER AGREEMENT, THE TERMS OF THE
MASTER AGREEMENT SHALL SUPERSEDE ANY INCONSISTENT TERMS IN THIS ORDER. NO
MODIFICATIONS OR CHANGES TO THESE TERMS AND CONDITIONS WILL BE BINDING UPON
BUYER UNLESS MADE IN WRITING, AND SIGNED BY BUYER’S AUTHORIZED REPRESENTATIVE.
NOTICE IS HEREBY GIVEN THAT ANY ADDITIONAL OR DIFFERENT TERM PROPOSED BY SELLER
IS OBJECTED TO AND HEREBY REJECTED.
APPLICABLE LAW
THE AGREEMENT ARISING PURSUANT TO THIS ORDER AND ALL MATTERS, ISSUES AND
DISPUTES ARISING HOWSOEVER IN CONNECTION WITH SUCH ORDER AND ITS PERFORMANCE OR
NON PERFORMANCE IN CONTRACT OR TORT OR OTHERWISE SHALL BE GOVERNED BY THE LAWS
OF ENGLAND AND WALES.
INFRINGEMENT
SELLER WILL INDEMNIFY AND HOLD HARMLESS BUYER FROM AND AGAINST ANY AND ALL
CLAIMS, DEMANDS AND ACTIONS AGAINST BUYER, ITS SUBSIDIARIES AND AFFILIATES AND
THEIR RESPECTIVE CUSTOMERS, FOR INFRINGEMENT OR ALLEGED INFRINGEMENT OF ANY
INTELLECTUAL PROPERTY, PERSONAL OR OTHER RIGHT OF ANY THIRD PARTY BY THE
MATERIALS OR SERVICES FURNISHED UNDER THIS ORDER, OR ANY PART OR USE THEREOF. IF
SELLER INCLUDES IN THE MATERIALS COVERED BY THIS ORDER ANY CONTENT OWNED BY
THIRD PARTIES, FOR WHICH PERMISSION IS REQUIRED FOR USE IN, AND/OR PUBLICATION
OF, THE MATERIALS, SELLER WILL OBTAIN ALL SUCH PERMISSIONS AT SELLER’S EXPENSE.
PRICE
IF THE PRICE IS NOT STATED ON THIS ORDER OR INCLUDED IN THE MASTER AGREEMENT OR
CORRESPONDING STATEMENT OF WORK, SELLER AGREES TO INVOICE AT LOWEST PREVAILING
MARKET PRICE.
QUALITY
IF APPLICABLE, SELLER SHALL OBTAIN FROM BUYER WRITTEN APPROVAL OF ALL
OFF-SPECIFICATIONS WORK MATERIALS ARE SUBJECT TO BUYER’S INSPECTION AND APPROVAL
WITHIN A REASONABLE TIME AFTER DELIVERY. IF SPECIFICATIONS ARE NOT MET, OR
SELLER IS OTHERWISE UNABLE TO PRODUCE THE DELIVERABLES AND/OR PERFORM THE
SERVICES OUTLINED IN THIS ORDER, ACCORDING TO SPECIFICATIONS AND TO BUYER’S
SATISFACTION, IN ADDITION TO OTHER REMEDIES AVAILABLE TO BUYER, AND AT BUYER’S
OPTION, MATERIAL MAY BE RETURNED AT SELLER’S EXPENSE AND RISK FOR ALL DAMAGES
INCIDENTAL TO THE REJECTION, OR BUYER MAY ACCEPT THE WORK AND REDUCE THE ENTIRE
PAYMENT DUE UNDER THIS ORDER SUBJECT TO NEGOTIATION. PAYMENT SHALL NOT
CONSTITUTE AN ACCEPTANCE OF THE MATERIAL NOR IMPAIR BUYER’S RIGHT TO INSPECT OR
ANY OF ITS REMEDIES.
QUANTITIES
THE SPECIFIC QUANTITY ORDERED MUST BE DELIVERED IN FULL AND NOT BE CHANGED
WITHOUT BUYER’S WRITTEN CONSENT.
TERMINATION
IN ADDITION TO ANY OTHER RIGHTS AVAILABLE TO BUYER, BUYER MAY TERMINATE THE
ORDER, IN WHOLE OR IN PART, FOR ITS CONVENIENCE BY NOTICE TO SELLER AT ANY TIME
PRIOR TO SHIPMENT BY SELLER.
SHIPMENT AND IMPORTATION
SHIPMENT OR DELIVERY OF GOODS OR ITEMS IN ACCEPTABLE FORM MUST BE MADE WITHIN
THE TIME STATED ON THIS ORDER, FAILING WHICH BUYER RESERVES THE RIGHT TO CANCEL
ALL OR ANY PART OF THIS ORDER, WITHOUT OBLIGATION TO SELLER. IF THE PRODUCTS
COVERED BY THIS ORDER ARE IMPORTED FROM OTHER COUNTRIES, SELLER WILL BE
RESPONSIBLE FOR ALL LEGAL, ADMINISTRATIVE AND REGULATORY REQUIREMENTS ASSOCIATED
THEREWITH AND THE PAYMENT OF ANY APPLICABLE DUES, TAXES AND FEES.
TAXES
SELLER AGREES TO PAY ANY TAXES IMPOSED BY LAW UPON OR ON ACCOUNT OF THE MATERIAL
ORDERED OR SERVICES PROVIDED HEREUNDER UNLESS OTHERWISE AGREED.
COMPLIANCE WITH LAWS AND REGULATIONS
SELLER AGREES AT ALL TIMES TO COMPLY WITH ALL APPLICABLE FEDERAL, FTATE AND
LOCAL LAWS, RULES AND REGULATIONS. TO THE EXTENT REQUIRED BY LAW, THE TERMS OF
ALL APPLICABLE LAWS AND REGULATIONS ARE INCORPORATED INTO THIS ORDER, INCLUDING
THE FOLLOWING, ALL OF WHICH HAVE THE SAME FORCE AND EFFECT AS IF THEY WERE
STATED IN THEIR FULL TEXT:
THE SELLER WARRANTS AND REPRESENTS THAT IT IS AN EQUAL OPPORTUNITIES EMPLOYER
UNDER ALL APPLICABLE LAWS AND REGULATIONS..
WAGES AND HOURS
SELLER WARRANTS AND REPRESENTS THAT IN THE PERFORMANCE OF THIS ORDER SELLER HAS
COMPLIED WITH ALL APPLICABLE LAWS AND REGULATIONS REGARDING THE (A) PAYMENT OF
MINIMUM WAGES AND/OR SALARIES TO ITS EMPLOYEES AND (B) DAYS AND HOURS WHICH
EMPLOYEES ARE PERMITTED TO WORK OR BE COMPELLED TO WORK INCLUDING WITHOUT
LIMITATION THE EUROPEAN WORKING TIME DIRECTIVE..
BRIBERY & CORRUPTION
THE SELLER WARRANTS AND REPRESENTS THAT NEITHER IT NOR ITS EMPLOYEES NOR THOSE
ACTING ON ITS BEHALF HAVE DONE OR OMITTED TO ANY ACT MATTER OR THING IN
NEGOTIATING OR OBTAINING THIS ORDER THAT ARE (OR WOULD IF THE SELLER WAS A
PERSON RESIDENT IN ENGLAND AND WALES) IN BREACH OF THE UNITED KINGDOM’S BRIBERY
ACT 2010.
SELLER LABOR ON PREMISES
IF THIS ORDER REQUIRES THE PERFORMANCE OF LABOR ON BUYER’S PREMISES THE SELLER
AGREES TO INDEMNIFY AND PROTECT BUYER AGAINST ALL LIABILITIES, CLAIMS OR DEMANDS
FOR INJURIES OR DAMAGES TO PERSON OR PROPERTY ARISING FROM THE PERFORMANCE OF
THIS ORDER.
WARRANTY FOR MATERIALS
IN ADDITION TO COMPLIANCE WITH ALL SPECIFICATIONS CONCERNING THIS ORDER, SELLER
EXPRESSLY WARRANTS THAT THE MATERIALS AND ARTICLES COVERED BY THIS ORDER SHALL
BE FREE FROM DEFECTS IN MATERIAL AND/OR WORKMANSHIP, AND SHALL BE MERCHANTABLE.
SUCH WARRANTY SHALL SURVIVE DELIVERY AND ACCEPTANCE.
INTELLECTUAL PROPERTY RIGHTS/WARRANTY
IF THIS ORDER IS FOR THE CREATION OF CONTENT FOR BUYER OR ANY PROVISION OF
SERVICES, SELLER GRANTS AND ASSIGNS TO BUYER ALL INTELLECTUAL PROPERTY RIGHTS TO
THE WORK PERFORMED OR CONTENT DEVELOPED HEREUNDER, UNLESS OTHERWISE SPECIFIED.
IF APPLICABLE, ANY MATERIALS CREATED HEREUNDER BY THE SELLER FOR THE BUYER ARE
WORK MADE FOR HIRE, UNLESS OTHERWISE SPECIFIED, PROVIDED THAT IF ANY OF SUCH
WORK CREATED FOR BUYER MAY NOT, BY OPERATION OF LAW, BE A WORK MADE FOR HIRE,
SELLER HEREBY ASSIGNS TO BUYER ALL OWNERSHIP RIGHTS, INCLUDING, WITHOUT
LIMITATION, COPYRIGHT TO SUCH WORK UNLESS OTHERWISE EXPRESSLY AGREED IN WRITING
BETWEEN BUYER AND SELLER AND SELLER WAIVES ALL RIGHTS IN OR RELATING TO SUCH
WORK INSOFAR AS SUCH RIGHTS CANNOT BE ASSIGNED (INCLUDING WITHOUT LIMITATION
MORAL RIGHTS) .
IF THIS ORDER IS FOR THE CREATION OF CONTENT FOR BUYER, THE SELLER WARRANTS THAT
THE MATERIALS DELIVERED HEREUNDER WILL CONTAIN NO MATERIAL (A) CREATED OR
DERIVED FROM OTHER COPYRIGHTED WORKS (B) CREATED OR AUTHORED AND DESIGNED BY
PERSONS WHO ARE NOT THE EMPLOYEES OF THE SELLER, WITHOUT THE WRITTEN PERMISSION
OF THE OWNER OF SUCH COPYRIGHTED MATERIAL. THE SELLER WILL OBTAIN AT SELLER’S
SOLE EXPENSE AND BEAR ALL COST FOR SUCH PERMISSION AND DELIVER THEM IN WRITING
TO BUYER ON OR BEFORE DELIVERY OF THE MATERIALS. THE SELLER WARRANTS THAT THE
WORK DOES NOT AND WILL NOT INFRINGE UPON ANY COPYRIGHT, VIOLATE ANY PROPRIETARY
RIGHTS, OR CONTAIN ANY LIBELOUS, INJURIOUS OR UNLAWFUL MATTER. IN THE EVENT OF
CLAIM, DEMAND OR SUIT AGAINST THE BUYER BY REASON OF ANY VIOLATION OF
PROPRIETARY RIGHT OR COPYRIGHT, OR BY REASON OF ANY LIBELOUS, UNLAWFUL OR
OTHERWISE INJURIOUS MATERIAL, CONTAINED IN THE MATERIALS DELIVERED UNDER THIS
ORDER, THE BUYER MAY TAKE ANY ACTION IT DEEMS APPROPRIATE FOR THE RESOLUTION OF
SUCH DISPUTE, AND UNLESS AND UNTIL SUCH CLAIM, DEMAND, OR SUIT HAS BEEN
FAVORABLY SETTLED OR WITHDRAWN, THE BUYER MAY WITHHOLD ANY SUMS DUE THE SELLER
UNDER THIS ORDER.
PAYMENT
UNLESS OTHERWISE AGREED IN WRITING, THE PAYMENT TERMS OF THIS ORDER ARE NET 60
DAYS AFTER THE LATER OF RECEIPT OF SELLER’S VALID INVOICE OR RECEIPT BY BUYER OF
ACCEPTABLE PRODUCTS, MATERIALS OR SERVICES. ALL INVOICES AGAINST THIS ORDER NEED
TO BE RECEIVED BY BUYER NO LATER THAN THIRTY (30) DAYS AFTER THE PRODUCTS,
MATERIALS AND/OR SERVICES COVERED BY THIS ORDER HAVE BEEN FINALIZED OR
DELIVERED. FAILURE TO SUBMIT BILLING DURING THIS TIME PERIOD OR FAILURE TO
NOTIFY BUYER, IN WRITING, ABOUT ANY OVERAGES, MAY REDUCE THE AMOUNT PAID BY
BUYER TOWARDS THE MATERIALS AND/OR SERVICES COVERED BY THIS ORDER. BUYER WILL BE
RELEASED FROM ANY OBLIGATION TO PAY SELLER ANY AMOUNTS SET FORTH IN ANY INVOICES
UNDER THIS ORDER RECEIVED BY BUYER LATER THAN NINETY (90) DAYS AFTER THE
MATERIALS AND/OR SERVICES COVERED BY THIS ORDER HAVE BEEN FINALIZED OR
DELIVERED.
LIMITATION OF LIABILITY
TO THE EXTENT PERMITTED BY LOCAL LAW, IN NO EVENT WILL BUYER BE LIABLE FOR ANY
LOST REVENUES, LOST PROFITS, INCIDENTAL, INDIRECT, CONSEQUENTIAL, SPECIAL OR
PUNITIVE DAMAGES. ANY LIMITATION OR EXCLUSION OF LIABILITY UNDER THIS ORDER
SHALL NOT LIMIT OR EXCLUDE ANY LIABILITY FOR (A) DEATH OR PERSONAL INJURY AND/OR
(B) FRAUD.
TERMS OF USE
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PURCHASE ORDER TERMS CONDITIONS
STANDARD PURCHASE ORDER
TERMS AND CONDITIONS
ALL ORDERS BY S&P GLOBAL INC. A NEW YORK CORPORATION, WITH A PRINCIPLE PLACE OF
BUSINESS AT 55 WATER STREET, NEW YORK, NEW YORK 10041 (“S&P,” OR “BUYER") ARE
SUBJECT TO THE TERMS SET FORTH IN THIS PURCHASE ORDER ("ORDER") AND ANY
ATTACHMENTS HERETO. THIS ORDER IS BUYER'S OFFER TO SELLER AND IS NOT AN
ACCEPTANCE BY BUYER OF ANY OFFER TO SELL BY SELLER OR OF ANY TERMS AND
CONDITIONS CONTAINED IN ANY SUCH OFFER. ACCEPTANCE OF THIS OFFER BY SELLER
SHOULD BE MADE BY (A) EXECUTING AND RETURNING THE ASSOCIATED SOW, OR (B)
DELIVERING ANY OF THE GOODS ORDERED HEREIN OR (C) RENDERING ANY OF THE SERVICES
ORDERED HEREIN. ANY ADDITIONAL OR DIFFERENT TERMS PROPOSED BY SELLER ARE
OBJECTED TO AND REJECTED UNLESS EXPRESSLY ASSENTED TO IN WRITING BY BUYER.
IF AS OF THE DATE OF THIS ORDER, A MASTER OR OTHER AGREEMENT BETWEEN SELLER AND
BUYER IS IN EFFECT ("MASTER AGREEMENT"), THIS ORDER AND SHALL BE GOVERNED BY AND
IS SUBJECT TO THE TERMS OF THAT MASTER AGREEMENT, AND IN THE EVENT OF ANY
INCONSISTENCY BETWEEN THIS ORDER AND THE MASTER AGREEMENT, THE TERMS OF THE
MASTER AGREEMENT SHALL SUPERSEDE ANY INCONSISTENT TERMS IN THIS ORDER. NO
MODIFICATIONS OR CHANGES TO THESE TERMS AND CONDITIONS WILL BE BINDING UPON
BUYER UNLESS MADE IN WRITING, AND SIGNED BY BUYER'S AUTHORIZED REPRESENTATIVE.
NOTICE IS HEREBY GIVEN THAT ANY ADDITIONAL OR DIFFERENT TERM PROPOSED BY SELLER
IS OBJECTED TO AND HEREBY REJECTED.
INVOICE AND PAYMENT
UNLESS OTHERWISE AGREED IN WRITING, THE PAYMENT TERMS OF THIS ORDER ARE NET 60
DAYS AFTER THE RECEIPT OF SELLER'S VALID INVOICE . ALL INVOICES AGAINST THIS
ORDER NEED TO BE RECEIVED BY BUYER NO LATER THAN THIRTY (30) DAYS AFTER THE
PRODUCTS, MATERIALS AND/OR SERVICES COVERED BY THIS ORDER HAVE BEEN FINALIZED OR
DELIVERED. FAILURE TO SUBMIT BILLING DURING THIS TIME PERIOD OR FAILURE TO
NOTIFY BUYER, IN WRITING, ABOUT ANY OVERAGES, MAY REDUCE THE AMOUNT PAID BY
BUYER TOWARDS THE MATERIALS AND/OR SERVICES COVERED BY THIS ORDER. BUYER WILL BE
RELEASED FROM ANY OBLIGATION TO PAY SELLER ANY AMOUNTS SET FORTH IN ANY INVOICES
UNDER THIS ORDER RECEIVED BY BUYER LATER THAN NINETY (90) DAYS AFTER THE
MATERIALS AND/OR SERVICES COVERED BY THIS ORDER HAVE BEEN FINALIZED OR
DELIVERED.
UNLESS OTHERWISE SPECIFIED ON THIS ORDER, NO INVOICE SHALL BE ISSUED PRIOR TO
SHIPMENT OF THE PRODUCTS, MATERIALS OR SERVICES AND NO PAYMENT SHALL BE MADE
PRIOR TO RECEIPT OF BOTH THE PRODUCTS, MATERIALS OR SERVICES AND A CORRECT
INVOICE
CANCELLATION
TIME IS OF THE ESSENCE IN THIS ORDER. BUYER RESERVES THE RIGHT TO CANCEL THIS
ORDER, OR ANY PORTION OF THIS ORDER, WITHOUT LIABILITY, IF: (1) DELIVERY IS NOT
MADE WHEN AND AS SPECIFIED; (B) SELLER FAILS TO MEET CONTRACT COMMITMENTS AS TO
EXACT TIME, PRICE, QUALITY OR QUANTITY; (C) SELLER CEASES TO CONDUCT ITS
OPERATION IN THE NORMAL COURSE OF BUSINESS; (D) SELLER IS UNABLE TO MEET ITS
OBLIGATIONS AS THEY MATURE; (E) PROCEEDINGS ARE INSTITUTED AGAINST SELLER UNDER
THE BANKRUPTCY LAWS OR ANY OTHER LAWS RELATING TO THE RELIEF OF CREDITORS; (F) A
RECEIVER IS APPOINTED OR APPLIED FOR BY SELLER; OR (G) ANY ASSIGNMENT IS MADE BY
SELLER FOR THE BENEFIT OF CREDITORS. BUYER MAY TERMINATE ALL OR ANY PART OF THIS
ORDER FOR CONVENIENCE AT ANY TIME BY WRITTEN NOTICE TO SELLER. UPON SUCH
TERMINATION, BUYER'S LIABILITY WILL BE LIMITED TO REASONABLE TERMINATION CHARGES
MUTUALLY AGREED BY SELLER AND BUYER, PROVIDED THAT SELLER MUST SPECIFY ANY
PROPOSED CHARGES IN WRITING WITHIN FIFTEEN (15) DAYS AFTER TERMINATION. THIS
ORDER SHALL TERMINATE AUTOMATICALLY, WITHOUT NOTICE, IF SELLER BECOMES INSOLVENT
OR THE SUBJECT OF ANY PROCEEDING UNDER THE LAWS RELATING TO BANKRUPTCY OR THE
RELIEF OF DEBTORS.
WARRANTY
SELLER EXPRESSLY WARRANTS THAT ALL GOODS OR SERVICES FURNISHED UNDER THIS ORDER
SHALL CONFORM TO ALL SPECIFICATIONS AND APPROPRIATE STANDARDS, WILL BE NEW, AND
WILL BE FREE FROM DEFECTS IN MATERIAL OR WORKMANSHIP. SELLER WARRANTS THAT ALL
SUCH GOODS OR SERVICES WILL CONFORM TO ANY STATEMENTS MADE ON THE CONTAINERS OR
LABELS OR ADVERTISEMENTS FOR SUCH GOODS, OR SERVICES, AND THAT ANY GOODS WILL BE
ADEQUATELY CONTAINED, PACKAGED, MARKED AND LABELED. SELLER WARRANTS THAT ALL
GOODS OR SERVICES FURNISHED HEREUNDER WILL BE MERCHANTABLE, AND WILL BE SAFE AND
APPROPRIATE FOR THE PURPOSE FOR WHICH GOODS OR SERVICES OF THAT KIND ARE
NORMALLY USED. IF SELLER KNOWS OR HAS REASON TO KNOW THE PARTICULAR PURPOSE FOR
WHICH BUYER INTENDS TO USE THE GOODS OR SERVICES, SELLER WARRANTS THAT SUCH
GOODS OR SERVICES WILL BE FIT FOR SUCH PARTICULAR PURPOSE. SELLER WARRANTS THAT
GOODS OR SERVICES FURNISHED WILL CONFORM IN ALL RESPECTS TO SAMPLES. INSPECTION,
TEST, ACCEPTANCE OR USE OF THE GOODS OR SERVICES FURNISHED HEREUNDER SHALL NOT
AFFECT THE SELLER'S OBLIGATION UNDER THIS WARRANTY, AND SUCH WARRANTIES SHALL
SURVIVE INSPECTION, TEST, ACCEPTANCE AND USE. SELLER'S WARRANTY SHALL RUN TO
BUYER, ITS SUCCESSORS, ASSIGNS AND CUSTOMERS, AND USERS OF GOODS SOLD BY BUYER.
SELLER AGREES TO REPLACE OR CORRECT DEFECTS OF ANY GOODS OR SERVICES NOT
CONFORMING TO THE FOREGOING WARRANTY PROMPTLY, WITHOUT EXPENSE TO BUYER, WHEN
NOTIFIED OF SUCH NONCONFORMITY BY BUYER, PROVIDED BUYER ELECTS TO PROVIDE SELLER
WITH THE OPPORTUNITY TO DO SO. IN THE EVENT OF FAILURE OF SELLER TO CORRECT
DEFECTS IN OR REPLACE NONCONFORMING GOODS OR SERVICES PROMPTLY, BUYER, AFTER
REASONABLE NOTICE TO SELLER, MAY MAKE SUCH CORRECTIONS OR REPLACE SUCH GOODS AND
SERVICES AND CHARGE SELLER FOR THE COST INCURRED BY BUYER IN DOING SO.
FORCE MAJURE
BUYER MAY DELAY DELIVERY OR ACCEPTANCE OCCASIONED BY CAUSES BEYOND ITS CONTROL.
SELLER SHALL HOLD SUCH GOODS AT THE DIRECTION OF THE BUYER AND SHALL DELIVER
THEM WHEN THE CAUSE AFFECTING THE DELAY HAS BEEN REMOVED. BUYER SHALL BE
RESPONSIBLE ONLY FOR SELLER'S DIRECT ADDITIONAL COSTS IN HOLDING THE GOODS OR
DELAYING PERFORMANCE OF THIS AGREEMENT AT BUYER'S REQUEST. CAUSES BEYOND BUYER'S
CONTROL SHALL INCLUDE GOVERNMENTAL ACTION OR FAILURE OF THE GOVERNMENT TO ACT
WHERE SUCH ACTION IS REQUIRED, STRIKE OR OTHER LABOR TROUBLE, FIRE, TERRORIST
EVENT, PANDEMIC OR UNUSUALLY SEVERE WEATHER.
ASSIGNMENTS
NO ASSIGNMENT OF ANY RIGHTS, INCLUDING RIGHTS TO MONEY DUE OR TO BECOME DUE
HEREUNDER, OR DELEGATION OF ANY DUTIES UNDER THIS ORDER SHALL BE BINDING UPON
BUYER UNTIL ITS WRITTEN CONSENT HAS BEEN OBTAINED. NO PART OF THIS ORDER MAY BE
ASSIGNED OR SUBCONTRACTED WITHOUT THE PRIOR WRITTEN APPROVAL OF BUYER.
INSPECTION/TESTING
PAYMENT FOR THE GOODS DELIVERED HEREUNDER SHALL NOT CONSTITUTE ACCEPTANCE
THEREOF. BUYER SHALL HAVE THE RIGHT TO INSPECT SUCH GOODS AND TO REJECT ANY OR
ALL OF SAID GOODS THAT ARE IN BUYER'S JUDGMENT DEFECTIVE OR NONCONFORMING. GOODS
REJECTED AND GOODS SUPPLIED IN EXCESS OF QUANTITIES CALLED FOR HEREIN MAY BE
RETURNED TO SELLER AT ITS EXPENSE AND, IN ADDITION TO BUYER'S OTHER RIGHTS,
BUYER MAY CHARGE SELLER ALL EXPENSES OF UNPACKING, EXAMINING, REPACKING, AND
RESHIPPING SUCH GOODS. IN THE EVENT BUYER RECEIVES GOODS WHOSE DEFECTS OR
NONCONFORMITY IS NOT APPARENT ON EXAMINATION, BUYER RESERVES THE RIGHT TO
REQUIRE REPLACEMENT, AS WELL AS PAYMENT OF DAMAGES. NOTHING CONTAINED IN THIS
PURCHASE ORDER SHALL RELIEVE IN ANY WAY THE SELLER FROM THE OBLIGATION OF
TESTING, INSPECTION AND QUALITY CONTROL.
ADVANCE SHIPPING NOTICE
DEFINITION:
ADVANCED SHIPPING NOTICE (ASN): DETAILED SHIPMENT INFORMATION TRANSMITTED IN
ADVANCE OF DELIVERY, DESIGNATING THE CONTENTS, SERIAL NUMBERS OR IN THE CASE OF
SOFTWARE, LICENSE ENTITLEMENT INFORMATION AS WELL AS INDIVIDUAL PRODUCTS AND
QUANTITIES OF EACH AND NATURE OF THE SHIPMENT.
SELLER AGREES TO PROVIDE TO BUYER AN ADVANCE SHIPPING NOTICE (ASN) PRIOR TO THE
RELEASE OF ANY SHIPMENT TO BUYER FOR PURPOSES OF BUYER’S ASSET MANAGEMENT
PROTOCOLS. SELLER AGREES TO EMAIL THE ASN TO SPGI_ASSET@SPGLOBAL.COM NO LATER
THAN THREE (3) BUSINESS DAYS PRIOR TO THE ACTUAL SHIPMENT. IF SELLER IS USING A
DISTRIBUTION CHANNEL TO DELIVERY THEIR GOODS TO BUYER, SELLER IS ACCOUNTABLE TO
ENSURE THE ASN IS DELIVERED TO BUYER BY THE DISTRIBUTION PARTNER OF RECORD.
INDEMNIFICATION
SELLER SHALL DEFEND, INDEMNIFY AND HOLD HARMLESS BUYER AGAINST ALL DAMAGES,
CLAIMS OR LIABILITIES AND EXPENSES (INCLUDING ATTORNEY'S FEES) ARISING OUT OF OR
RESULTING IN ANY WAY FROM ANY DEFECT IN THE GOODS OR SERVICES PURCHASED
HEREUNDER, ANY BREACH OF THE TERMS AND CONDITIONS OF THIS ORDER, OR FROM ANY ACT
OR OMISSION OF SELLER, ITS AGENTS, EMPLOYEES OR SUBCONTRACTORS. THIS
INDEMNIFICATION SHALL BE IN ADDITION TO THE WARRANTY OBLIGATIONS OF SELLER.
INSURANCE
IN THE EVENT THAT SELLER'S OBLIGATIONS HEREUNDER REQUIRE OR CONTEMPLATE
PERFORMANCE OF SERVICES BY SELLER'S EMPLOYEES, OR PERSONS UNDER CONTRACT TO
SELLER, TO BE DONE ON BUYER'S PROPERTY, OR PROPERTY OF BUYER'S CUSTOMERS, THE
SELLER AGREES THAT ALL SUCH WORK SHALL BE DONE AS AN INDEPENDENT CONTRACTOR AND
THAT THE PERSONS DOING SUCH WORK SHALL NOT BE CONSIDERED EMPLOYEES OF THE BUYER.
SELLER SHALL MAINTAIN ALL NECESSARY INSURANCE COVERAGES, INCLUDING PUBLIC
LIABILITY AND WORKMAN'S COMPENSATION INSURANCE. SELLER SHALL INDEMNIFY AND SAVE
HARMLESS AND DEFEND BUYER FROM ANY AND ALL CLAIMS OR LIABILITIES ARISING OUT OF
THE WORK COVERED BY THIS PARAGRAPH.
CONFIDENTIAL OR PROPRIETARY INFORMATION
NOTWITHSTANDING ANY DOCUMENT MARKING TO THE CONTRARY, ANY KNOWLEDGE OR
INFORMATION THAT THE SELLER HAS DISCLOSED OR MAY LATER DISCLOSE TO BUYER, AND
WHICH IN ANY WAY RELATES TO THE GOODS OR SERVICES COVERED BY THIS ORDER WILL
NOT, UNLESS OTHERWISE SPECIFICALLY AGREED TO IN WRITING BY BUYER, BE DEEMED TO
BE CONFIDENTIAL OR PROPRIETARY INFORMATION, AND WILL BE ACQUIRED BY BUYER, FREE
FROM ANY RESTRICTIONS. SELLER WILL NOT TRANSMIT TO BUYER ANY SENSITIVE PERSONAL
INFORMATION, INCLUDING, BUT NOT LIMITED TO, IDENTIFIED HEALTH INFORMATION,
FINANCIAL INFORMATION, SOCIAL SECURITY NUMBERS, BIOMETRICS OR OTHER PERSONALLY
IDENTIFIED OR IDENTIFIABLE INFORMATION OF LIKE SENSITIVITY. SELLER WILL KEEP
CONFIDENTIAL ANY TECHNICAL, PROCESS, ECONOMIC, OR OTHER INFORMATION DERIVED FROM
DRAWINGS, SPECIFICATIONS AND OTHER DATA FURNISHED BY BUYER IN CONNECTION WITH
THIS ORDER (IN WHATEVER FORM OR FORMAT) AND WILL NOT DIVULGE, EXPORT, OR USE,
DIRECTLY OR INDIRECTLY, SUCH INFORMATION FOR THE BENEFIT OF ANY OTHER PARTY
WITHOUT OBTAINING BUYER'S PRIOR WRITTEN CONSENT. EXCEPT AS REQUIRED FOR THE
EFFICIENT PERFORMANCE OF THIS ORDER, SELLER WILL NOT USE SUCH INFORMATION OR
MAKE COPIES OR PERMIT COPIES TO BE MADE OF SUCH DRAWINGS, SPECIFICATIONS, OR
OTHER DATA WITHOUT THE PRIOR WRITTEN CONSENT OF BUYER. IF ANY REPRODUCTION IS
MADE WITH PRIOR CONSENT, THIS NOTICE WILL BE PROVIDED. UPON COMPLETION OR
TERMINATION OF THIS ORDER, SELLER WILL PROMPTLY RETURN TO BUYER ALL MATERIALS
INCORPORATING ANY SUCH INFORMATION AND ANY COPIES, EXCEPT FOR ONE RECORD COPY.
SELLER AGREES THAT NO ACKNOWLEDGMENT OR OTHER INFORMATION CONCERNING THIS ORDER
AND THE GOODS OR SERVICES PROVIDED WILL BE MADE PUBLIC BY SELLER WITHOUT THE
PRIOR WRITTEN AGREEMENT OF BUYER.
WORK ON BUYER'S PREMISES
IF SELLER'S WORK UNDER THIS ORDER REQUIRES SELLER TO BE ON THE PREMISES OF BUYER
OR AT BUYER’S DIRECTION, SELLER WILL TAKE ALL NECESSARY PRECAUTIONS TO PREVENT
ANY INJURY TO PERSONS OR DAMAGE TO PROPERTY, INCLUDING FOLLOWING ANY RULES,
PROCEDURES OR OTHER REQUIREMENTS OF BUYER.
COMPLIANCE WITH LAWS AND REGULATIONS
SELLER'S PERFORMANCE OF THE SERVICES SHALL AT ALL TIMES BE IN COMPLIANCE WITH
APPLICABLE LAW, STATUTE, RULE OR REGULATION (“LAW”) AND ANY APPLICABLE
COMPLIANCE REGULATION (AS DEFINED BELOW), INCLUDING THE LAWS REGARDING DATA
PROTECTION AND DATA PRIVACY, INCLUDING THE GENERAL DATA PROTECTION REGULATION
(EU) 2016/679 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 27 APRIL 2016, AS
AMENDED, OR ANY OTHER SIMILAR LAWS IN ANY OTHER COUNTRY, AS AMENDED OR REPLACED
FROM TIME TO TIME. SELLER SHALL MONITOR, AT ITS OWN COST AND EXPENSE, CHANGES IN
APPLICABLE LAW AND COMPLIANCE REGULATIONS THAT MAY AFFECT SELLER'S PROVISION OF
THE SERVICES AND SHALL MODIFY ITS SERVICES AS NECESSARY TO REMAIN IN COMPLIANCE
WITH LAW AND COMPLIANCE REGULATIONS. IF S&P IDENTIFIES ANY NON-COMPLIANCE WITH
LAW OR COMPLIANCE REGULATION OR DETERMINES THAT A PARTICULAR CHANGE IN LAW OR
COMPLIANCE REGULATION WILL REQUIRE A CHANGE OR MODIFICATION OF THE SERVICES, S&P
SHALL NOTIFY SELLER AND SELLER WILL COOPERATE WITH S&P TO MODIFY THE SERVICES
WITHIN A REASONABLE TIME PERIOD TO COMPLY WITH SUCH LAW OR COMPLIANCE
REGULATION. IN THE EVENT CHANGES IN LAWS OR COMPLIANCE REGULATIONS PREVENT OR
IMPAIR SELLER FROM DELIVERING THE SERVICES UNDER AN APPLICABLE SOW, SELLER SHALL
USE COMMERCIALLY REASONABLE EFFORTS TO DEVELOP AND, UPON S&P'S APPROVAL (SUCH
APPROVAL NOT TO BE UNREASONABLY WITHHELD), IMPLEMENT A SUITABLE WORK-AROUND
UNTIL SUCH TIME AS SELLER CAN PERFORM THE SERVICES UNDER SUCH SOW WITHOUT SUCH
WORK-AROUND.
THIS CONTRACTOR AND SUBCONTRACTOR SHALL ABIDE BY THE REQUIREMENTS OF 41 CFR
60–1.4(A), 60–300.5(A) AND 60–741.5(A). THESE REGULATIONS PROHIBIT
DISCRIMINATION AGAINST QUALIFIED INDIVIDUALS BASED ON THEIR STATUS AS PROTECTED
VETERANS OR INDIVIDUALS WITH DISABILITIES AND PROHIBIT DISCRIMINATION AGAINST
ALL INDIVIDUALS BASED ON THEIR RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION,
GENDER IDENTITY OR NATIONAL ORIGIN. MOREOVER, THESE REGULATIONS REQUIRE THAT
COVERED PRIME CONTRACTORS AND SUBCONTRACTORS TAKE AFFIRMATIVE ACTION TO EMPLOY
AND ADVANCE IN EMPLOYMENT INDIVIDUALS WITHOUT REGARD TO RACE, COLOR, RELIGION,
SEX, SEXUAL ORIENTATION, GENDER IDENTITY, NATIONAL ORIGIN, DISABILITY OR VETERAN
STATUS.
A “COMPLIANCE REGULATION” MEANS ANY LAW APPLICABLE TO BUYER OR SELLER RELATING
TO MONEY LAUNDERING OR TERRORIST FINANCING, INCLUDING CURRENCY TRANSACTION
REPORTING AND CURRENCY TRANSACTION LIMITS; THE OECD CONVENTION ON COMBATING
BRIBERY OF FOREIGN PUBLIC OFFICIALS IN INTERNATIONAL BUSINESS TRANSACTIONS, 1997
(THE “OECD CONVENTION”); THE FOREIGN CORRUPT PRACTICES ACT OF 1977 OF THE UNITED
STATES OF AMERICA, AS AMENDED OR SUPPLEMENTED (“THE FCPA”); THE BRIBERY ACT 2010
OF THE UNITED KINGDOM, AS AMENDED OR SUPPLEMENTED (THE "BRIBERY ACT"); AND ANY
OTHER LAW APPLICABLE TO SUCH PARTY WHICH IS SUBSTANTIALLY EQUIVALENT TO THE FCPA
OR THE BRIBERY ACT OR WAS INTENDED TO ENACT THE PROVISIONS OF THE OECD
CONVENTION AND/OR OTHER ECONOMIC SANCTIONS ADMINISTERED OR ENFORCED BY ANY OTHER
RELEVANT SANCTIONS AUTHORITY HAVING JURISDICTION OVER A PARTY.
SEVERABILITY/SURVIVAL
SHOULD ANY PROVISION OF THESE GENERAL TERMS AND CONDITIONS OR ANY PURCHASE ORDER
ISSUED HEREUNDER OR ANY REMEDY PROVIDED FOR HEREIN BE HELD INVALID OR
UNENFORCEABLE BY ANY COURT OR ARBITRATION PANEL OF COMPETENT JURISDICTION, THE
REMAINING PROVISIONS AND REMEDIES SHALL REMAIN IN FULL FORCE AND EFFECT. ANY
PROVISION OF THESE GENERAL TERMS AND CONDITIONS OR ANY PURCHASE ORDER WHICH, BY
ITS NATURE, WOULD SURVIVE TERMINATION OR EXPIRATION OF THESE GENERAL TERMS AND
CONDITIONS OR SUCH PURCHASE ORDER WILL SURVIVE ANY SUCH TERMINATION OR
EXPIRATION OF THIS AGREEMENT.
SUBCONTRACTING
CONSULTANT SHALL NOT SUBCONTRACT OR DELEGATE ANY OF ITS OBLIGATIONS HEREUNDER TO
ANY THIRD PARTY WITHOUT S&P’S PRIOR WRITTEN CONSENT. IN THE EVENT THAT S&P
APPROVES ANY SUCH SUBCONTRACTING, CONSULTANT SHALL REMAIN LIABLE FOR ALL OF ITS
OBLIGATIONS HEREUNDER AND UNDER ANY SOW AND SHALL BE LIABLE FOR THE ACTS AND
OMISSIONS OF ANY SUBCONTRACTOR. FURTHER, CONSULTANT SHALL ENSURE THAT ALL
SUB-CONTRACTORS HAVE BEEN ADVISED OF THE TERMS OF THIS AGREEMENT AND HAVE AGREED
IN WRITING TO COMPLY WITH SAME. S&P SHALL HAVE THE RIGHT AT ANY TIME TO
IMMEDIATELY REQUIRE THAT CONSULTANT TERMINATE OR REMOVE ANY THIRD PARTY
SUBCONTRACTORS FROM PROVIDING THE SERVICES WITHOUT ANY PENALTY OR COST TO S&P IF
S&P REASONABLY BELIEVES SUCH THIRD PARTY’S ACTS OR OMISSIONS ARE OR MAY CAUSE
HARM TO S&P.
TERMS OF USE
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BON DE COMMANDE STANDARD CONDITIONS GÉNÉRALES
TOUTES LES COMMANDES PASSÉES PAR S&P GLOBAL INC., UNE SOCIÉTÉ NEW-YORKAISE, DONT
LE SIÈGE PRINCIPAL EST 55 WATER STREET, NEW YORK, NEW YORK 10041 (CI-APRÈS, «
S&P » « ACHETEUR ») SONT ASSUJETTIES AUX CONDITIONS ÉNONCÉES DANS LE PRÉSENT BON
DE COMMANDE (CI-APRÈS, « COMMANDE ») AINSI QU'À TOUTE PIÈCE JOINTE AUX
PRÉSENTES. A MOINS QUE L'ACHETEUR ET LE VENDEUR N'EN SOIT CONVENU AUTREMENT PAR
ÉCRIT, ET EU ÉGARD AUX CONDITIONS GÉNÉRALES DE VENTE DU VENDEUR, TOUTE COMMANDE
ACCEPTÉE PAR LE VENDEUR IMPLIQUE L'APPLICATION DES PRÉSENTES CONDITIONS
GÉNÉRALES DE L'ACHETEUR. LE VENDEUR DOIT ACCEPTER CETTE OFFRE PAR (A)
L'EXÉCUTION DE LA COMMANDE ASSOCIÉE, OU (B) LA LIVRAISON DE L'UNE DES BIENS
COMMANDÉES AUX PRÉSENTES, OU (C) LA FOURNITURE DES SERVICES COMMANDÉS AUX
PRÉSENTES.
SI, À LA DATE DE LA PRÉSENTE COMMANDE, UN CONTRAT-CADRE OU AUTRE ACCORD ENTRE LE
VENDEUR ET L'ACHETEUR EST EN VIGUEUR (CI-APRÈS, « CONTRAT-CADRE »), CETTE
COMMANDE SERA RÉGIE PAR LES CONDITIONS DE CE CONTRAT-CADRE ET SERA SUJETTE À
CELLES-CI. EN CAS DE CONTRADICTION ENTRE CETTE COMMANDE ET LE CONTRAT-CADRE, LES
TERMES DU CONTRAT-CADRE REMPLACERONT TOUTES LES DISPOSITIONS CONTRADICTOIRES DE
LA PRÉSENTE COMMANDE. AUCUNE MODIFICATION OU CHANGEMENT DE CES CONDITIONS
GÉNÉRALES NE LIERA L'ACHETEUR À MOINS D'ÊTRE FAIT PAR ÉCRIT ET SIGNÉ PAR LE
REPRÉSENTANT AUTORISÉ DE L'ACHETEUR.
FACTURATION ET PAIEMENT
SAUF ACCORD ÉCRIT CONTRAIRE, LES CONDITIONS DE PAIEMENT DE LA COMMANDE SONT DE
SOIXANTE (60) JOURS NETS À COMPTER DE LA DATE D'ÉMISSION DE LA FACTURE VALIDE DU
VENDEUR.TOUTES LES FACTURES RELATIVES À CETTE COMMANDE DOIVENT ÊTRE REÇUES PAR
L'ACHETEUR DÈS LA RÉALISATION DE LA VENTE OU LA PRESTATION DU SERVICE. EN CAS DE
RETARD DE PAIEMENT, DES PÉNALITÉS DE RETARD CORRESPONDANT À UN TAUX D'INTÉRÊT
ÉGAL À TROIS FOIS LE TAUX D'INTÉRÊT LÉGAL EN VIGUEUR SERONT DUES AU CRÉANCIER,
AINSI QU'E UNE INDEMNITÉ FORFAITAIRE D'UN MONTANT DE 40 EUROS POUR FRAIS DE
RECOUVREMENT.
SAUF INDICATION CONTRAIRE SUR CETTE COMMANDE, AUCUNE FACTURE NE SERA ÉMISE AVANT
L'EXPÉDITION DES PRODUITS, MATÉRIELS OU LA RÉALISATION DES SERVICES, ET AUCUN
PAIEMENT NE SERA EFFECTUÉ AVANT LA RÉCEPTION DES PRODUITS, MATÉRIELS OU
SERVICES, AINSI QU'UNE FACTURE CORRECTE. CES FACTURES DOIVENT COMPORTER TOUTES
LES MENTIONS OBLIGATOIRES PRÉVUES À L'ARTICLE L. 441-3 DU CODE DE COMMERCE
FRANÇAIS.
ANNULATION
L'EXÉCUTION DE CETTE COMMANDE EST SOUMISE À DES DÉLAIS STRICTS. L'ACHETEUR SE
RÉSERVE LE DROIT D'ANNULER TOUT OU PARTIE DE CETTE COMMANDE, SANS ENGAGER SA
RESPONSABILITÉ, SI, SAUF CAS DE FORCE MAJEURE : (A) LA LIVRAISON N'EST PAS
EFFECTUÉE AU MOMENT SPÉCIFIÉ ET DE LA MANIÈRE SPÉCIFIÉE ; (B) LE VENDEUR NE
RESPECTE PAS LES ENGAGEMENTS CONTRACTUELS QUANT AU DÉLAI, AU PRIX, LA QUALITÉ OU
LA QUANTITÉ EXACTE ; (C) LE VENDEUR CESSE D'EXERCER SES ACTIVITÉS DANS LE COURS
NORMAL DES AFFAIRES ; (D) LE VENDEUR N'EST PAS EN MESURE DE REMPLIR SES
OBLIGATIONS À LEUR ÉCHÉANCE. L'ACHETEUR PEUT METTRE FIN EN TOUT OU PARTIE À
CETTE COMMANDE À TOUT MOMENT POUR DES RAISONS DE COMMODITÉ EN ADRESSANT UNE
NOTIFICATION ÉCRITE AU VENDEUR. DANS LE CAS D'UNE TELLE RÉSILIATION, LA
RESPONSABILITÉ DE L'ACHETEUR SERA LIMITÉE AUX FRAIS DE RÉSILIATION
RAISONNABLEMENT ENGAGÉS PAR LE VENDEUR À LA DATE DE RÉSILIATION TELS QUE
CONVENUS D'UN COMMUN ACCORD ENTRE LE VENDEUR ET L'ACHETEUR, À CONDITION QUE LE
VENDEUR PRÉCISE PAR ÉCRIT TOUS LES FRAIS PROPOSÉS DANS LES QUINZE (15) JOURS
SUIVANT LA RÉSILIATION.
GARANTIE
LE VENDEUR GARANTIT EXPRESSÉMENT QUE TOUS LES BIENS OU SERVICES FOURNIS DANS LE
CADRE DU PRÉSENT CONTRAT SERONT CONFORMES À TOUTES LES SPÉCIFICATIONS ET NORMES
APPROPRIÉES, QU'ILS SERONT NEUFS ET QU'ILS SERONT EXEMPTS DE DÉFAUTS DE
MATÉRIAUX OU DE FABRICATION. LE VENDEUR GARANTIT QUE TOUS CES BIENS OU SERVICES
SERONT CONFORMES À TOUTE DÉCLARATION FIGURANT SUR LES CONTENANTS, LES ÉTIQUETTES
OU LES PUBLICITÉS POUR CES BIENS OU SERVICES, ET QUE LES BIENS SERONT
CONVENABLEMENT CONDITIONNÉS, EMBALLÉS, MARQUÉS ET ÉTIQUETÉS. LE VENDEUR GARANTIT
QUE TOUS LES BIENS OU SERVICES FOURNIS EN VERTU DES PRÉSENTES SERONT
COMMERCIALISABLES, SANS DANGER ET APPROPRIÉS POUR L'USAGE AUQUEL LES BIENS OU
SERVICES DE CE TYPE SONT NORMALEMENT UTILISÉS. SI LE VENDEUR SAIT OU A DES
RAISONS DE SAVOIR À QUELLE FIN PARTICULIÈRE L'ACHETEUR À L'INTENTION D'UTILISER
LES BIENS OU LES SERVICES, IL GARANTIT QUE CES BIENS OU SERVICES SERONT ADAPTÉS
À CETTE FIN PARTICULIÈRE. LE VENDEUR GARANTIT QUE LES BIENS OU SERVICES FOURNIS
SERONT CONFORMES À TOUS ÉGARDS AUX ÉCHANTILLONS. L'INSPECTION, L'ESSAI,
L'ACCEPTATION OU L'UTILISATION DES BIENS OU DES SERVICES FOURNIS DANS LE CADRE
DES PRÉSENTES SONT SANS INCIDENCE SUR LES OBLIGATIONS DU VENDEUR DÉCOULANT DE LA
PRÉSENTE GARANTIE, ET CES GARANTIES RESTERONT EN VIGUEUR APRÈS L'INSPECTION,
L'ESSAI, L'ACCEPTATION ET L'UTILISATION DES BIENS OU SERVICES. LA GARANTIE DU
VENDEUR S'APPLIQUE À L'ACHETEUR, SES SUCCESSEURS, SES AYANTS-DROIT, SES CLIENTS
ET LES UTILISATEURS DES BIENS VENDUS PAR L'ACHETEUR. LE VENDEUR S'ENGAGE À
REMPLACER OU À CORRIGER LES DÉFAUTS DE TOUT BIEN OU SERVICE NON CONFORME À LA
GARANTIE SUSMENTIONNÉE ET CE SANS DÉLAI ET SANS FRAIS POUR L'ACHETEUR, DÈS LORS
QUE L'ACHETEUR NOTIFIE CETTE NON-CONFORMITÉ AU VENDEUR, À CONDITION QUE
L'ACHETEUR CHOISISSE DE DONNER AU VENDEUR L'OCCASION DE LE FAIRE. SI LE VENDEUR
NE CORRIGE PAS LES DÉFAUTS OU NE REMPLACE PAS LES BIENS OU LES SERVICES NON
CONFORMES RAPIDEMENT, L’ACHETEUR PEUT, APRÈS AVOIR DONNÉ UN PRÉAVIS RAISONNABLE
AU VENDEUR, EFFECTUER DE TELLES CORRECTIONS OU REMPLACER CES BIENS ET SERVICES,
ET FACTURER AU VENDEUR LES FRAIS ENGAGÉS PAR L'ACHETEUR À CET EFFET.
FORCE MAJEURE
LES PARTIES PEUVENT RETARDER LA LIVRAISON OU LA RÉCEPTION POUR DES RAISONS
INDÉPENDANTES DE LEUR VOLONTÉ. LE VENDEUR DOIT CONSERVER CES BIENS À LA DEMANDE
DE L’ACHETEUR ET LES NE LES LIVRER QUE LORSQUE LA CAUSE AYANT ENTRAÎNÉ LE RETARD
AURA DISPARU. L'ACHETEUR NE SERA RESPONSABLE QUE DES FRAIS SUPPLÉMENTAIRES
DIRECTS SUBIS PAR LE VENDEUR ET LIÉS À LA DÉTENTION DES BIENS OU AU REPORT DE
L'EXÉCUTION DU PRÉSENT CONTRAT DEMANDÉ PAR L'ACHETEUR. LES CAUSES INDÉPENDANTES
DE LA VOLONTÉ DES PARTIES COMPRENDRONT L'ACTION OU L'INACTION DU GOUVERNEMENT
LORSQU'UNE TELLE ACTION EST NÉCESSAIRE, UNE GRÈVE OU TOUT AUTRE PROBLÈME LIÉ AU
TRAVAIL, UN INCENDIE OU DES CONDITIONS MÉTÉOROLOGIQUES EXCEPTIONNELLEMENT
EXTRÊMES.
CESSIONS
AUCUNE CESSION DE DROITS, NI AUCUNE DÉLÉGATION D'OBLIGATION EN VERTU DE LA
PRÉSENTE COMMANDE NE LIERA L'ACHETEUR TANT QUE SON CONSENTEMENT ÉCRIT N'AURA PAS
ÉTÉ OBTENU.AUCUNE PARTIE DE CETTE COMMANDE NE PEUT ÊTRE CÉDÉE OU SOUS-TRAITÉE
SANS L'ACCORD ÉCRIT PRÉALABLE DE L'ACHETEUR.
INSPECTION/ESSAI
LE PAIEMENT DES BIENS LIVRÉS EN VERTU DES PRÉSENTES NE CONSTITUE PAS LEUR
ACCEPTATION. L'ACHETEUR AURA LE DROIT D'INSPECTER CES BIENS ET DE REFUSER TOUT
OU PARTIE DESDITS BIENS QUI SONT, SELON SON APPRÉCIATION, DÉFECTUEUX OU NON
CONFORMES. APRÈS VÉRIFICATION DU VENDEUR, LES BIENS REFUSÉS ET LES BIENS FOURNIS
EN EXCÈS DES QUANTITÉS DEMANDÉES DANS LES PRÉSENTES PEUVENT ÊTRE RENVOYÉS AU
VENDEUR À SES FRAIS ET, OUTRE LES AUTRES DROITS DE L'ACHETEUR, CE DERNIER PEUT
FACTURER AU VENDEUR TOUS LES FRAIS DE DÉBALLAGE, D'EXAMEN, DE RECONDITIONNEMENT
ET DE RÉEXPÉDITION DE CES BIENS. DANS LE CAS OÙ L'ACHETEUR REÇOIT DES BIENS DONT
LES DÉFAUTS OU LA NON-CONFORMITÉ NE SONT PAS APPARENTS LORS DE LA VÉRIFICATION,
IL SE RÉSERVE LE DROIT D'EXIGER LE REMPLACEMENT AINSI QUE LE PAIEMENT DE
DOMMAGES ET INTÉRÊTS. RIEN DANS LE PRÉSENT BON DE COMMANDE NE DISPENSE LE
VENDEUR DE L'OBLIGATION DE TEST, D'INSPECTION ET DE CONTRÔLE DE QUALITÉ.
INDEMNISATION
LE VENDEUR DÉFENDRA, INDEMNISERA ET GARANTIRA L’ACHETEUR CONTRE TOUT DOMMAGE,
POURSUITE OU RESPONSABILITÉ ET DÉPENSES (Y COMPRIS LES FRAIS D'AVOCAT) DÉCOULANT
OU RÉSULTANT DE QUELQUE MANIÈRE QUE CE SOIT DE TOUT DÉFAUT DES BIENS OU SERVICES
ACHETÉS EN VERTU DES PRÉSENTES, DE TOUTE VIOLATION DES CONDITIONS GÉNÉRALES DE
CETTE COMMANDE, OU DE TOUTE ACTION OU OMISSION DU VENDEUR, DE SES AGENTS,
EMPLOYÉS OU SOUS-TRAITANTS. CETTE INDEMNISATION S'AJOUTE AUX OBLIGATIONS DE
GARANTIE DU VENDEUR.
ASSURANCE
DANS LE CAS OÙ SES OBLIGATIONS EN VERTU DES PRÉSENTES EXIGENT OU PRÉVOIENT QUE
LES SERVICES DES EMPLOYÉS DU VENDEUR, OU DES PERSONNES SOUS CONTRAT AVEC LE
VENDEUR, SOIENT EXÉCUTÉS SUR LA PROPRIÉTÉ DE L'ACHETEUR OU LA PROPRIÉTÉ DES
CLIENTS DE L'ACHETEUR, LE VENDEUR CONVIENT QUE TOUT TRAVAIL DE CE TYPE SERA
EFFECTUÉ EN TANT QU'ENTREPRENEUR INDÉPENDANT ET QUE LES PERSONNES EFFECTUANT CE
TRAVAIL NE SERONT PAS CONSIDÉRÉES COMME DES EMPLOYÉS DE L'ACHETEUR. LE VENDEUR
DOIT SOUSCRIRE TOUTESASSURANCES NÉCESSAIRES, Y COMPRIS ASSURANCE RESPONSABILITÉ
CIVILE (LAQUELLE DEVRA COUVRIR TOUS LES RISQUES D' ACCIDENTS DU TRAVAIL.
L'ACHETEUR PEUT ÉGALEMENT EXIGER DU VENDEUR QU'IL SOUSCRIVE UNE ASSURANCE
RESPONSABILITÉ PROFESSIONNELLE ET / OU UNE ASSURANCE RESPONSABILITÉ CIVILE
PRODUIT. L'ACHETEUR DOIT ÊTRE DÉSIGNÉ COMME ASSURÉ ADDITIONNEL EN VERTU DES
POLICES D'ASSURANCE DE RESPONSABILITÉ DU VENDEUR. LES ATTESTATIONS D'ASSURANCE
DOIVENT ÊTRE DÉLIVRÉS À LA SIGNATURE DU PRÉSENT CONTRAT ET DANS LES 10 JOURS
SUIVANT LE RENOUVELLEMENT DE CHAQUE POLICE. TOUTES LES ASSURANCES EXIGÉES EN
VERTU DU PRÉSENT CONTRAT DOIVENT ÊTRE ÉMISES PAR UNE OU DES SOCIÉTÉS D'ASSURANCE
AYANT OBTENU UNE NOTATION AM BEST A-IX OU SUPÉRIEURE. LE VENDEUR DOIT FOURNIR UN
PRÉAVIS ÉCRIT D'AU MOINS TRENTE (30) JOURS À SON CONTACT COMMERCIAL CHEZ S&P
GLOBAL ET SES FILIALES EN CAS DE MODIFICATION IMPORTANTE À SON INITIATIVE,
D'ANNULATION/NON-RENOUVELLEMENT À SON INITIATIVE DE LA COUVERTURE. LES
ATTESTATIONS D'ASSURANCE ET LES AVIS D'ANNULATION/NON RENOUVELLEMENT DOIVENT
ÊTRE ENVOYÉS À : S&P GLOBAL BUYING CENTER À CONTRACTS.HELPDESK@SPGLOBAL.COM.
INFORMATIONS CONFIDENTIELLES OU EXCLUSIVES, DONNEES PERSONNELLES
NONOBSTANT TOUT DOCUMENT INDIQUANT LE CONTRAIRE, TOUTE CONNAISSANCE OU
INFORMATION QUE LE VENDEUR A DIVULGUÉE OU POURRAIT DIVULGUER ULTÉRIEUREMENT À
L'ACHETEUR, ET QUI SE RAPPORTE DE QUELQUE MANIÈRE AUX BIENS OU SERVICES COUVERTS
PAR LA PRÉSENTE COMMANDE, NE SERA PAS, SAUF ACCORD ÉCRIT CONTRAIRE DE
L’ACHETEUR, CONSIDÉRÉ COMME UNE INFORMATION CONFIDENTIELLE OU EXCLUSIVE, ET SERA
ACQUISE PAR L’ACHETEUR, SANS AUCUNE RESTRICTION. LE VENDEUR NE TRANSMETTRA À
L'ACHETEUR AUCUNE INFORMATION PERSONNELLE SENSIBLE, Y COMPRIS, MAIS SANS
LIMITATION, DES INFORMATIONS DE SANTÉ IDENTIFIÉES, DES INFORMATIONS FINANCIÈRES,
DES NUMÉROS DE SÉCURITÉ SOCIALE, DES DONNÉES BIOMÉTRIQUES OU TOUTE AUTRE DONNÉE
IDENTIFIÉE OU IDENTIFIABLE DE MÊME SENSIBILITÉ. LE VENDEUR S'ENGAGE À GARDER
CONFIDENTIELLE TOUTE INFORMATION TECHNIQUE, DE PROCESSUS, ÉCONOMIQUES OU AUTRE
DÉRIVÉE DES DESSINS, SPÉCIFICATIONS ET AUTRES DONNÉES FOURNIES PAR L'ACHETEUR EN
RAPPORT AVEC LA PRÉSENTE COMMANDE (SOUS QUELQUE FORME OU FORMAT QUE CE SOIT) ET
À NE PAS DIVULGUER, EXPORTER OU UTILISER, DIRECTEMENT OU INDIRECTEMENT, CES
INFORMATIONS AU PROFIT DE TOUTE AUTRE PARTIE SANS LE CONSENTEMENT ÉCRIT
PRÉALABLE DE L’ACHETEUR. SAUF DANS LA MESURE OÙ CELA SERAIT NÉCESSAIRE À
L'EXÉCUTION EFFICACE DE LA PRÉSENTE COMMANDE, LE VENDEUR N'UTILISERA PAS CES
INFORMATIONS OU N'EN FERA PAS DE COPIES OU NE PERMETTRA PAS QUE DES COPIES DE
CES DESSINS, SPÉCIFICATIONS OU AUTRES DONNÉES SOIENT FAITES SANS LE CONSENTEMENT
ÉCRIT PRÉALABLE DE L'ACHETEUR. SI UNE REPRODUCTION EST FAITE AVEC LE
CONSENTEMENT PRÉALABLE, CET ACCORD SERA FOURNI. UNE FOIS LA COMMANDE TERMINÉE OU
RÉSILIÉE, LE VENDEUR RETOURNERA PROMPTEMENT À L’ACHETEUR TOUS LES DOCUMENTS
CONTENANT CES INFORMATIONS ET TOUTES LES COPIES, À L’EXCEPTION D’UN EXEMPLAIRE.
LE VENDEUR ACCEPTE QU'AUCUNE INFORMATION CONCERNANT CETTE COMMANDE ET LES BIENS
OU SERVICES FOURNIS NE SOIT RENDUE PUBLIQUE PAR LUI SANS L'ACCORD ÉCRIT
PRÉALABLE DE L'ACHETEUR.
LE VENDEUR DOIT ÉTABLIR ET MAINTENIR DES MESURES DE PROTECTION
ORGANISATIONNELLES, TECHNIQUES ET PHYSIQUES APPROPRIÉES QUI NE SOIENT PAS MOINS
PROTECTRICES DES DONNÉES PERSONNELLES QUE LES NORMES DE POINTE EN MATIÈRE DE
CYBERSÉCURITÉ ET QUI SOIENT EN CONFORMITÉ AVEC LES LOIS SUR LA PROTECTION DES
DONNÉES, Y COMPRIS LE RÈGLEMENT (UE) 2016/679 DU PARLEMENT EUROPÉEN ET DU
CONSEIL DU 27 AVRIL 2016 ET LA LOI N°78-17 DITE «INFORMATIQUE ET LIBERTÉS»,
TELLE QU'AMENDÉE (CI-APRÈS LES «LOIS SUR LA PROTECTION DES DONNÉES». S&P OU LA
PERSONNE QU'ELLE DÉSIGNE AURA LE DROIT DE VÉRIFIER ET/OU D’EXAMINER LES MESURES
DE PROTECTION SUSMENTIONNÉES.
LE VENDEUR DOIT VEILLER À CE QUE TOUS LES SOUS-TRAITANTS AUTORISÉS SE CONFORMENT
AUX LOIS SUR LA PROTECTION DES DONNÉES ET AUX NORMES DE POINTE EN MATIÈRE DE
CYBERSÉCURITÉ. LE VENDEUR DOIT VEILLER À CE QUE TOUS LES SOUS-TRAITANTS
AUTORISÉS NE FASSENT PAS OU N'OMETTENT PAS DE FAIRE QUELQUE CHOSE QUI POURRAIT
CAUSER OU POURRAIT RAISONNABLEMENT AMENER S&P OU SES SOCIÉTÉS AFFILIÉES À
ENFREINDRE OU À VIOLER TOUTE DISPOSITION DES LOIS SUR LA PROTECTION DES DONNÉES.
INCIDENT DE CYBERSÉCURITÉ
SI LE VENDEUR EST CONFRONTÉ À UN INCIDENT DE CYBERSÉCURITÉ RÉEL OU PRÉSUMÉ
(DÉFINI CI-DESSOUS) :
1. LE VENDEUR INFORMERA IMMÉDIATEMENT S&P AU +1 866 810 0436 (OU DIRECTEMENT AU
+ 44 207 176 7999) ET PAR E-MAIL À S&PGLOBALCIRT@SPGLOBAL.COM AU PLUS TARD
24 HEURES (OU TOUTE AUTRE PÉRIODE ANTÉRIEURE, CONFORMÉMENT AUX LOIS SUR LA
PROTECTION DES DONNÉES) APRÈS QU'IL AIT EU CONNAISSANCE DE L'INCIDENT DE
CYBERSÉCURITÉ ;
2. DÈS QU'IL EST RAISONNABLEMENT POSSIBLE DE LE FAIRE, LE VENDEUR ATTÉNUERA,
DOCUMENTERA ET RECTIFIERA L'INCIDENT DE CYBERSÉCURITÉ ET, LE CAS ÉCHÉANT,
SES PROCÉDURES D'INTERVENTION EN CAS D'INCIDENTS ET LES POLITIQUES ET
PROCÉDURES DE S&P ;
3. SAUF SI LA LOI L'EXIGE, LE VENDEUR NE FERA AUCUNE DÉCLARATION PUBLIQUE À
L'ÉGARD DE S&P CONCERNANT UN INCIDENT DE CYBERSÉCURITÉ SANS L'AUTORISATION
ÉCRITE PRÉALABLE DE S&P ;
4. LE VENDEUR DOIT AIDER S&P À RESPECTER SES OBLIGATIONS EN VERTU DES LOIS SUR
LA PROTECTION DES DONNÉES DÉCOULANT DE L'INCIDENT DE CYBERSÉCURITÉ, EN
FACILITANT NOTAMMENT LES ENTRETIENS AVEC LE PERSONNEL DU VENDEUR ET EN
FOURNISSANT DES INFORMATIONS SUR DEMANDE ;
5. LE VENDEUR S'ENGAGE PAR AILLEURS À COOPÉRER À SES FRAIS AVEC S&P ET SES
AGENTS À LA DEMANDE DE S&P.
LA NOTIFICATION COMPORTE AU MOINS LES INFORMATIONS SUIVANTES :
1. LA DATE ET L'HEURE APPROXIMATIVE DE L'INCIDENT DE CYBERSÉCURITÉ ;
2. UN RÉSUMÉ DE TOUS LES FAITS PERTINENTS CONNUS CONCERNANT L'INCIDENT DE
CYBERSÉCURITÉ, Y COMPRIS LES DONNÉES, LES SYSTÈMES OU LES INFORMATIONS
CONFIDENTIELLES DE S&P SUSCEPTIBLES DE PRÉSENTER UN RISQUE, AINSI QUE LA
MÉTHODOLOGIE UTILISÉE POUR UNE TELLE INVESTIGATION PAR LE VENDEUR ;
3. LES MESURES PRISES OU PROPOSÉES PAR LE VENDEUR POUR REMÉDIER À L'INCIDENT DE
CYBERSÉCURITÉ ; ET
4. TOUTE MESURE TECHNIQUE QUI, SELON LE VENDEUR, DEVRAIT ÊTRE PRISE PAR S&P
POUR ATTÉNUER LES EFFETS DE L’INCIDENT DE CYBERSÉCURITÉ.
APRÈS LA SURVENANCE D'UN INCIDENT DE CYBERSÉCURITÉ, LE VENDEUR PRÉPARERA ET
FOURNIRA À S&P UN RAPPORT ÉCRIT DE L’INCIDENT DE CYBERSÉCURITÉ, COMPRENANT, LE
CAS ÉCHÉANT, LES MESURES VISANT À EMPÊCHER QUE L’IINCIDENT DE CYBERSÉCURITÉ NE
SE REPRODUISE ET LES DÉLAIS MUTUELLEMENT ACCEPTABLES POUR Y REMÉDIER.
SI LE TRAVAIL DU VENDEUR EN VERTU DE LA PRÉSENTE COMMANDE EXIGE QU'IL SOIT
PRÉSENT DANS LES LOCAUX DE L'ACHETEUR OU SI CELA RÉSULTE D'UNE DEMANDE DE
L'ACHETEUR, LE VENDEUR PRENDRA TOUTES LES PRÉCAUTIONS NÉCESSAIRES POUR ÉVITER
TOUT DOMMAGE CORPOREL OU MATÉRIEL, EN RESPECTANT LES RÈGLES, PROCÉDURES OU
AUTRES EXIGENCES DE L'ACHETEUR.
CONFORMITÉ AUX LOIS ET AUX RÈGLEMENTS
L'EXÉCUTION DES SERVICES PAR LE VENDEUR DOIT À TOUT MOMENT ÊTRE CONFORME AUX
LOIS, ORDONNANCES, RÈGLES OU RÈGLEMENTATIONS APPLICABLES (CI-APRÈS, LA « LOI »),
Y COMPRIS LES LOIS RELATIVES À L'EXÉCUTION D'ANALYSES D'IMPACT SUR LA VIE PRIVÉE
ET AU TRANSFERT DES DONNÉES À CARACTÈRE PERSONNEL DES PERSONNES CONCERNÉES DE
L’UNION EUROPÉENNE, ET À L’EXÉCUTION DES CONTRATS TYPES Y AFFÉRENTS, AINSI QU'À
TOUTE RÈGLEMENTATION DE CONFORMITÉ APPLICABLE. LE VENDEUR SURVEILLERA, À SES
PROPRES FRAIS, LES MODIFICATIONS DANS LES LOIS ET LES RÈGLEMENTATIONS DE
CONFORMITÉ APPLICABLES QUI POURRAIENT AFFECTER LA FOURNITURE DE SES SERVICES, ET
MODIFIERA SES SERVICES SI NÉCESSAIRE POUR RESTER EN CONFORMITÉ AVEC LES LOIS ET
RÈGLEMENTATIONS DE CONFORMITÉ EN VIGUEUR. SI S&P IDENTIFIE UNE NON-CONFORMITÉ À
LA LOI OU À LA RÈGLEMENTATION DE CONFORMITÉ OU DÉTERMINE QU'UNE MODIFICATION
PARTICULIÈRE DANS LA LOI OU LA RÈGLEMENTATION DE CONFORMITÉ NÉCESSITERA UN
CHANGEMENT OU UNE MODIFICATION DES SERVICES, S&P INFORMERA LE VENDEUR ET CE
DERNIER COLLABORERA AVEC S&P POUR MODIFIER LES SERVICES DANS UN DÉLAI
RAISONNABLE AFIN DE SE CONFORMER À LA LOI OU À LA RÈGLEMENTATION DE CONFORMITÉ.
DANS L'ÉVENTUALITÉ OÙ DES CHANGEMENTS DANS LES LOIS OU LES RÈGLEMENTATIONS DE
CONFORMITÉ EMPÊCHENT OU COMPROMETTENT LE VENDEUR DE FOURNIR LES SERVICES EN
VERTU D'UN EDT APPLICABLE, LE VENDEUR DEVRA DÉPLOYER DES EFFORTS COMMERCIALEMENT
RAISONNABLES POUR DÉVELOPPER ET, AVEC L'APPROBATION DE S&P (CETTE APPROBATION NE
DEVANT PAS ÊTRE REFUSÉE SANS MOTIF RAISONNABLE), METTRE EN ŒUVRE UNE SOLUTION DE
REMPLACEMENT APPROPRIÉE JUSQU'AU MOMENT OÙ IL POURRA EXÉCUTER LES SERVICES EN
VERTU DUDIT EDT SANS UNE TELLE SOLUTION.
LE VENDEUR ET LE SOUS-TRAITANT DOIVENT SE CONFORMER AUX EXIGENCES DES ARTICLES
225-1 ET SUIVANTS DU CODE PÉNAL AINSI QU'AUX EXIGENCES DES ARTICLES L 1132-1 ET
L 1133-1 ET SUIVANTS DU CODE DU TRAVAIL. CES RÈGLEMENTS DISPOSITIONS LÉGALES
INTERDISENT NOTAMMENT LA DISCRIMINATION À L’ÉGARD DE PERSONNES HANDICAPÉES, ET
INTERDISENT NOTAMMENT TOUTE DISCRIMINATION À L’ÉGARD DE TOUTE PERSONNE EN RAISON
NOTAMMENT DE SA RACE, DE SA COULEUR, DE SA RELIGION, DE SON SEXE, DE SON
ORIENTATION SEXUELLE, DE SON IDENTITÉ DE GENRE OU DE SON ORIGINE. DE PLUS, CES
RÈGLEMENTS DISPOSITIONS EXIGENT QUE LES VENDEURS PRINCIPAUX ET LES
SOUS-TRAITANTS CONCERNÉS PRENNENT DES MESURES POSITIVES POUR EMBAUCHER ET
PROMOUVOIR L'EMBAUCHE DES PERSONNES SANS CONSIDÉRATION DE LEUR RACE, COULEUR,
RELIGION, SEXE, ORIENTATION SEXUELLE, IDENTITÉ DE GENRE, ORIGINE, OU HANDICAP.
UNE « RÈGLEMENTATION DE CONFORMITÉ » DÉSIGNE, À L'ÉGARD DE TOUTE PARTIE, TOUTE
LOI LUI ÉTANT APPLICABLE EN MATIÈRE DE BLANCHIMENT DE FONDS OU DE FINANCEMENT DU
TERRORISME, Y COMPRIS LA DÉCLARATION DES TRANSACTIONS EN DEVISES ET LES LIMITES
DES TRANSACTIONS EN DEVISES ; LA LOI N° 2016-1691 DU 9 DÉCEMBRE 2016 RELATIVE À
LA TRANSPARENCE, À LA LUTTE CONTRE LA CORRUPTION ET À LA MODERNISATION DE LA VIE
ÉCONOMIQUE (LOI SAPIN II) ; LA CONVENTION DE L'OCDE SUR LA LUTTE CONTRE LA
CORRUPTION D'AGENTS PUBLICS ETRANGERS DANS LES TRANSACTIONS COMMERCIALES
INTERNATIONALES DE 1997 (CI-APRÈS, LA « CONVENTION DE L'OCDE ») ; LE FOREIGN
CORRUPT PRACTICES ACT OF 1977 DES ÉTATS-UNIS D’AMÉRIQUE (LOI SUR LA CORRUPTION
DANS LES TRANSACTIONS À L'ÉTRANGER), TEL QUE MODIFIÉ OU COMPLÉTÉ (CI-APRÈS, « LE
FCPA ») ; LE BRIBERY ACT 2010 DU ROYAUME-UNI, TEL QUE MODIFIÉ OU COMPLÉTÉ
(CI-APRÈS, LE « BRIBERY ACT ») ; ET TOUTE AUTRE LOI APPLICABLE À CETTE PARTIE
QUI EST SUBSTANTIELLEMENT ÉQUIVALENTE AU FCPA OU AU BRIBERY ACT OU QUI ÉTAIT
DESTINÉE À PROMULGUER LES DISPOSITIONS DE LA CONVENTION DE L'OCDE ET/OU D'AUTRES
SANCTIONS ÉCONOMIQUES ADMINISTRÉES OU APPLIQUÉES PAR TOUTE AUTRE AUTORITÉ DE
SANCTION COMPÉTENTE AYANT COMPÉTENCE SUR UNE PARTIE.
DIVISIBILITÉ/SURVIE
SI L'UNE DES DISPOSITIONS DES PRÉSENTES CONDITIONS GÉNÉRALES OU TOUT BON DE
COMMANDE ÉMIS EN VERTU DES PRÉSENTES OU SI L'UN DES REMÈDES PRÉVUS AUX PRÉSENTES
EST JUGÉ INVALIDE OU INEXÉCUTABLE PAR UN TRIBUNAL OU UN PANEL D'ARBITRAGE
COMPÉTENT, LES DISPOSITIONS ET LES REMÈDES RESTANTS DEMEURERONT PLEINEMENT EN
VIGUEUR ET APPLICABLES. TOUTE DISPOSITION DES PRÉSENTES CONDITIONS GÉNÉRALES OU
DE TOUT BON DE COMMANDE QUI, DE PAR SA NATURE, SURVIVRAIT À LA RÉSILIATION OU À
L'EXPIRATION DES PRÉSENTES CONDITIONS GÉNÉRALES, OU DUDIT BON DE COMMANDE,
SURVIVRA À LA RÉSILIATION OU À L'EXPIRATION DU PRÉSENT CONTRAT.
SOUS-TRAITANCE
LE VENDEUR NE DOIT NI SOUS-TRAITER NI DÉLÉGUER AUCUNE DE SES OBLIGATIONS EN
VERTU DES PRÉSENTES À UN TIERS SANS LE CONSENTEMENT ÉCRIT PRÉALABLE DE
L'ACHETEUR. DANS L'ÉVENTUALITÉ OÙ L'ACHETEUR APPROUVE UNE TELLE SOUS-TRAITANCE,
LE VENDEUR RESTERA RESPONSABLE DE TOUTES SES OBLIGATIONS EN VERTU DES PRÉSENTES
ET DE TOUT EDT ET SERA RESPONSABLE DES ACTES ET DES OMISSIONS DE TOUT
SOUS-TRAITANT. DE PLUS, LE VENDEUR VEILLERA À CE QUE TOUS LES SOUS-TRAITANTS
AIENT ÉTÉ INFORMÉS DES TERMES DE CE CONTRAT ET AIENT ACCEPTÉ PAR ÉCRIT DE S'Y
CONFORMER. L'ACHETEUR AURA LE DROIT, À TOUT MOMENT, D’EXIGER IMMÉDIATEMENT QUE
LE VENDEUR METTE FIN OU RETIRE TOUT SOUS-TRAITANT TIERS DE LA FOURNITURE DES
SERVICES SANS AUCUNE PÉNALITÉ OU FRAIS POUR L'ACHETEUR SI CE DERNIER A DES
MOTIFS RAISONNABLES DE CROIRE QUE LES ACTES OU OMISSIONS DE CE TIERS LUI CAUSENT
OU POURRAIENT LUI CAUSER UN PRÉJUDICE.
TERMS OF USE
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PURCHASE ORDER TERMS AND CONDITIONS - GERMAN (DEUTSCHE)
1. ALLGEMEINES, GELTUNGSBEREICH
1.1 DIE VORLIEGENDEN ALLGEMEINEN EINKAUFSBEDINGUNGEN ("AEB") GELTEN FÜR ALLE
GESCHÄFTSBEZIEHUNGEN MIT UNSEREN GESCHÄFTSPARTNERN UND LIEFERANTEN (NACHFOLGEND:
"LIEFERANTEN"). SIE GELTEN IN IHRER JEWEILIGEN FASSUNG ALS RAHMENVEREINBARUNG
AUCH FÜR ZUKÜNFTIGE VERTRAGE MIT DEMSELBEN LIEFERANTEN, OHNE DASS WIR IN JEDEM
EINZELFALL WIEDER AUF SIE HINWEISEN MÜSSTEN; ÜBER ÄNDERUNGEN UNSERER AEB WERDEN
WIR DEN LIEFERANTEN IN DIESEM FALL UNVERZÜGLICH INFORMIEREN.
1.2 UNSERE AEB GELTEN AUSSCHLIESSLICH. ENTGEGENSTEHENDE ODER VON UNSEREN AEB
ODER VON GESETZLICHEN BESTIMMUNGEN ABWEICHENDE BEDINGUNGEN DES LIEFERANTEN
ERKENNEN WIR NICHT AN, ES SEI DENN WIR HABEN AUSDRÜCKLICH SCHRIFTLICH IHRER
GELTUNG ZUGESTIMMT. DIES GILT AUCH DANN, WENN WIR NICHT AUSDRÜCKLICH
WIDERSPROCHEN HABEN ODER IN KENNTNIS DER ALLGEMEINEN GESCHÄFTSBEDINGUNGEN DES
LIEFERANTEN DESSEN LIEFERUNGEN VORBEHALTLOS ANNEHMEN.
1.3 ALLE VEREINBARUNGEN, DIE ZWISCHEN UNS UND DEM LIEFERANTEN ZWECKS AUSFÜHRUNG
DIESES VERTRAGS GETROFFEN WERDEN, SIND IN DIESEM VERTRAG SCHRIFTLICH
NIEDERGELEGT. RECHTSERHEBLICHE ERKLÄRUNGEN UND ANZEIGEN, DIE NACH
VERTRAGSSCHLUSS VOM LIEFERANTEN UNS GEGENÜBER ABZUGEBEN SIND (Z.B.
FRISTSETZUNGEN, MAHNUNGEN, ERKLÄRUNG VON RÜCKTRITT), BEDÜRFEN ZU IHRER
WIRKSAMKEIT DER SCHRIFTFORM.
1.4 IM EINZELFALL GETROFFENE, INDIVIDUELLE VEREINBARUNGEN (EINSCHLIESSLICH
NEBENABREDEN, ERGÄNZUNGEN, ÄNDERUNGEN) HABEN IN JEDEM FALL VORRANG VOR DIESEN
AEB. FÜR DEN INHALT DERARTIGER VEREINBARUNGEN IST EIN SCHRIFTLICHER VERTRAG BZW.
UNSERE SCHRIFTLICHE BESTÄTIGUNG MASSGEBEND.
1.5 HINWEISE AUF DIE GELTUNG GESETZLICHER VORSCHRIFTEN HABEN NUR KLARSTELLENDE
BEDEUTUNG. AUCH OHNE EINE DERARTIGE KLARSTELLUNG GELTEN DAHER DIE GESETZLICHEN
VORSCHRIFTEN, SOWEIT SIE IN DIESEN AEB NICHT UNMITTELBAR ABGEÄNDERT ODER
AUSDRÜCKLICH AUSGESCHLOSSEN WERDEN.
1.6 UNSERE AEB GELTEN NUR GEGENÜBER UNTERNEHMERN GEMÄSS § 14 BGB, SOWIE
GEGENÜBER JURISTISCHEN PERSONEN DES ÖFFENTLICHEN RECHTS ODER GEGENÜBER
ÖFFENTLICH-RECHTLICHEM SONDERVERMÖGEN.
2. BESTELLUNG UND AUFTRAGSBESTÄTIGUNG, VERTRAGSSCHLUSS
2.1 UNSERE BESTELLUNG GILT FRÜHESTENS MIT SCHRIFTLICHER ABGABE ODER BESTÄTIGUNG
ALS VERBINDLICH. AUF OFFENSICHTLICHE IRRTÜMER (Z.B. SCHREIB- UND RECHENFEHLER)
UND UNVOLLSTÄNDIGKEITEN DER BESTELLUNG EINSCHLIESSLICH DER BESTELLUNTERLAGEN HAT
UNS DER LIEFERANT ZUM ZWECK DER KORREKTUR BZW. VERVOLLSTÄNDIGUNG VOR ANNAHME
HINZUWEISEN; ANSONSTEN GILT DER VERTRAG ALS NICHT GESCHLOSSEN.
3. PREISE UND ZAHLUNGSBEDINGUNGEN, RECHNUNGSANGABEN
3.1 DER IN DER BESTELLUNG ANGEGEBENE PREIS IST BINDEND. ALLE PREISE VERSTEHEN
SICH EINSCHLIESSLICH GESETZLICHER UMSATZSTEUER, WENN DIESE NICHT GESONDERT
AUSGEWIESEN IST.
3.2 SOFERN IM EINZELFALL NICHT ETWAS ANDERES VEREINBART IST, SCHLIESST DER PREIS
ALLE LEISTUNGEN UND NEBENLEISTUNGEN DES LIEFERANTEN (Z.B. MONTAGE, EINBAU) SOWIE
ALLE NEBENKOSTEN (Z.B. ORDNUNGSGEMÄSSE VERPACKUNG, TRANSPORTKOSTEN
EINSCHLIESSLICH EVENTUELLER TRANSPORT- UND HAFTPFLICHTVERSICHERUNG) EIN.
VERPACKUNGSMATERIAL HAT DER LIEFERANT AUF UNSER VERLANGEN ZURÜCKZUNEHMEN.
3.3 IN SÄMTLICHEN RECHNUNGEN, AUFTRAGSBESTÄTIGUNGEN UND LIEFERPAPIEREN SIND
UNSERE BESTELLNUMMER DIE ARTIKEL-NR., LIEFERMENGE UND LIEFERANSCHRIFT ANZUGEBEN.
SOLLTEN EINE ODER MEHRERE DIESER ANGABEN FEHLEN UND SICH DADURCH IM RAHMEN
UNSERES NORMALEN GESCHÄFTSVERKEHRS DIE BEARBEITUNG DURCH UNS VERZÖGERN,
VERLÄNGERN SICH DIE IN ZIFFER 3.5 GENANNTEN ZAHLUNGSFRISTEN UM DEN ZEITRAUM DER
VERZÖGERUNG. RECHNUNGSZWEITSCHRIFTEN SIND ALS DUPLIKATE ZU KENNZEICHNEN. DER
LIEFERANT SOLL DIE RECHNUNG INNERHALB VON ZEHN WERKTAGEN NACH VERTRAGSSCHLUSS AN
UNS ÜBERMITTELN.
3.4 JEDE RECHNUNG DES LIEFERANTEN MUSS DIE VORAUSSETZUNGEN DES § 15 ABS. 4 USTG,
WIE Z.B. DIE GESONDERTE AUSWEISUNG DER GESETZLICHEN MEHRWERTSTEUER, ERFÜLLEN.
ANDERNFALLS IST DER VORSTEUERABZUG AUS DEM RECHNUNGSBETRAG NICHT MÖGLICH. IN
DIESEN FÄLLEN GERATEN WIR NICHT IN ZAHLUNGSVERZUG.
3.5 SOFERN IM EINZELFALL NICHT ETWAS ANDERES VEREINBART IST, IST DER VEREINBARTE
PREIS INNERHALB VON 60 KALENDERTAGEN AB VOLLSTÄNDIGER LIEFERUNG UND LEISTUNG
(EINSCHLIESSLICH EINER ETWA VEREINBARTEN ABNAHME) SOWIE ZUGANG EINER
ORDNUNGSGEMÄSSEN RECHNUNG ZUR ZAHLUNG FÄLLIG. SOWEIT DER LIEFERANT
MATERIALTESTS, PRÜFPROTOKOLLE, QUALITÄTSDOKUMENTE ODER ANDERE UNTERLAGEN ZUR
VERFÜGUNG ZU STELLEN HAT, SETZT DIE VOLLSTÄNDIGKEIT DER LIEFERUNG AUCH DEN
EINGANG DIESER UNTERLAGEN BEI UNS VORAUS.
3.6 WIR SCHULDEN KEINE FÄLLIGKEITSZINSEN (§ 353 HGB). DER ANSPRUCH DES
LIEFERANTEN AUF ZAHLUNG VON VERZUGSZINSEN BLEIBT UNBERÜHRT. FÜR DEN EINTRITT
UNSERES VERZUGS GELTEN DIE GESETZLICHEN VORSCHRIFTEN. IN JEDEM FALL IST ABER
EINE MAHNUNG DURCH DEN LIEFERANTEN ERFORDERLICH.
3.7 AUFRECHNUNGS- UND ZURÜCKBEHALTUNGSRECHTE SOWIE DIE EINREDE DES NICHT
ERFÜLLTEN VERTRAGS STEHEN UNS IN GESETZLICHEM UMFANG ZU. WIR SIND INSBESONDERE
BERECHTIGT, FÄLLIGE ZAHLUNGEN ZURÜCKZUHALTEN, SOLANGE UNS NOCH ANSPRÜCHE AUS
UNVOLLSTÄNDIGEN ODER MANGELHAFTEN LEISTUNGEN GEGEN DEN LIEFERANTEN ZUSTEHEN.
3.8 DER LIEFERANT HAT EIN AUFRECHNUNGS- ODER ZURÜCKBEHALTUNGSRECHT NUR WEGEN
RECHTSKRÄFTIG FESTGESTELLTER ODER UNBESTRITTENER GEGENFORDERUNGEN.
3.9 ZAHLUNGEN BEDEUTEN KEINE ANERKENNUNG DER LIEFERUNGEN ODER LEISTUNGEN DES
LIEFERANTEN ALS VERTRAGSGEMÄSS.
4. LIEFERZEIT UND LIEFERVERZUG
4.1 DIE IN DER BESTELLUNG ANGEGEBENE LIEFERZEIT (LIEFERTERMIN ODER -FRIST) IST
BINDEND. VORZEITIGE LIEFERUNGEN SIND NICHT ZULÄSSIG. WENN DIE LIEFERZEIT IN DER
BESTELLUNG NICHT ANGEGEBEN WURDE UND AUCH NICHT ANDERWEITIG VEREINBART WURDE,
BETRÄGT DIE LIEFERZEIT VIER WOCHEN AB VERTRAGSSCHLUSS.
4.2 DER LIEFERANT IST VERPFLICHTET, UNS UNVERZÜGLICH SCHRIFTLICH ZU INFORMIEREN,
WENN UMSTÄNDE EINTRETEN ODER ERKENNBAR WERDEN, WONACH DIE LIEFERZEIT NICHT
EINGEHALTEN WERDEN KANN.
4.3 IM FALLE DES LIEFERVERZUGS STEHEN UNS UNEINGESCHRÄNKT DIE GESETZLICHEN
ANSPRÜCHE ZU, EINSCHLIESSLICH DES RÜCKTRITTSRECHTS UND DES ANSPRUCHS AUF
SCHADENSERSATZ STATT DER LEISTUNG NACH FRUCHTLOSEM ABLAUF EINER ANGEMESSENEN
NACHFRIST. DIE REGELUNGEN IN ZIFFER 4.4 BLEIBEN UNBERÜHRT.
4.4 IM FALLE DES LIEFERVERZUGS SIND WIR BERECHTIGT, EINE VERTRAGSSTRAFE IN HÖHE
VON 0,5 % DES LIEFERWERTS PRO VOLLENDETE KALENDERWOCHE ZU VERLANGEN, NICHT
JEDOCH MEHR ALS 5 % DES LIEFERWERTES. WIR SIND BERECHTIGT, EINE VERTRAGSSTRAFE
NEBEN DER ERFÜLLUNG GELTEND ZU MACHEN. NEHMEN WIR DIE VERSPÄTETE LEISTUNG AN,
MÜSSEN WIR DIE VERTRAGSSTRAFE SPÄTESTENS MIT DER SCHLUSSZAHLUNG GELTEND MACHEN.
WEITERGEHENDE ANSPRÜCHE UND RECHTE BLEIBEN VORBEHALTEN. VERLANGEN WIR
SCHADENSERSATZ, STEHT DEM LIEFERANTEN DAS RECHT ZU, NACHZUWEISEN, DASS UNS
ÜBERHAUPT KEIN SCHADEN ENTSTANDEN IST.
5. LIEFERUNG, GEFAHRÜBERGANG, ANNAHMEVERZUG
5.1 DER LIEFERANT IST OHNE UNSERE VORHERIGE SCHRIFTLICHE ZUSTIMMUNG NICHT
BERECHTIGT, DIE VON IHM GESCHULDETE LEISTUNG DURCH DRITTE (Z.B. SUBUNTERNEHMER)
ERBRINGEN ZU LASSEN.
5.2 DIE LIEFERUNG ERFOLGT, SOFERN NICHTS ANDERES SCHRIFTLICH VEREINBART IST,
"FREI HAUS" AN DEN IN DER BESTELLUNG ANGEGEBENEN ORT. IST DER BESTIMMUNGSORT
NICHT ANGEGEBEN UND NICHTS ANDERES VEREINBART, SO HAT DIE LIEFERUNG AN UNSEREN
GESCHÄFTSSITZ IN FRANKFURT ZU ERFOLGEN. DER JEWEILIGE BESTIMMUNGSORT IST AUCH
DER ERFÜLLUNGSORT (BRINGSCHULD). WIRD LIEFERUNG "AB WERK" VEREINBART, HAT DER
LIEFERANT ZU DEN JEWEILS NIEDRIGSTEN KOSTEN ZU VERSENDEN, SOWEIT KEINE BESTIMMTE
BEFÖRDERUNGSART VEREINBART IST.
5.3 DER LIEFERUNG IST EIN LIEFERSCHEIN UNTER ANGABE VON DATUM (AUSSTELLUNG UND
VERSAND), INHALT DER LIEFERUNG (ARTIKELNUMMER UND ANZAHL) SOWIE UNSERER
VOLLSTÄNDIGEN BESTELLKENNZEICHEN (DATUM UND NUMMER) BEIZULEGEN. FEHLT DER
LIEFERSCHEIN ODER IST ER UNVOLLSTÄNDIG, SO SIND DIE DADURCH ENTSTEHENDEN
VERZÖGERUNGEN IN DER BEARBEITUNG NICHT VON UNS ZU VERTRETEN. GETRENNT VOM
LIEFERSCHEIN IST UNS EINE ENTSPRECHENDE VERSANDANZEIGE MIT DEM GLEICHEN INHALT
ZUZUSENDEN.
5.4 DIE GEFAHR DES ZUFÄLLIGEN UNTERGANGS UND DER ZUFÄLLIGEN VERSCHLECHTERUNG DES
LIEFERGEGENSTANDS GEHT MIT ÜBERGABE AM ERFÜLLUNGSORT AUF UNS ÜBER. SOWEIT EINE
ABNAHME VEREINBART IST, IST DIESE FÜR DEN GEFAHRÜBERGANG MASSGEBEND. AUCH IM
ÜBRIGEN GELTEN BEI EINER ABNAHME DIE GESETZLICHEN VORSCHRIFTEN DES
WERKVERTRAGSRECHTS. DER ÜBERGABE BZW. ABNAHME STEHT ES GLEICH, WENN WIR UNS IM
ANNAHMEVERZUG BEFINDEN.
5.5 FÜR DEN EINTRITT UNSERES ANNAHMEVERZUGES GELTEN DIE GESETZLICHEN
VORSCHRIFTEN. DER LIEFERANT MUSS UNS SEINE LEISTUNG ABER AUCH DANN AUSDRÜCKLICH
ANBIETEN, WENN FÜR EINE HANDLUNG ODER MITWIRKUNG UNSERERSEITS (Z.B.
BEREITSTELLUNG VON MATERIAL) EINE BESTIMMTE ODER BESTIMMBARE KALENDERZEIT
VEREINBART IST. GERATEN WIR IN ANNAHMEVERZUG, SO KANN DER LIEFERANT NACH DEN
GESETZLICHEN VORSCHRIFTEN ERSATZ SEINER MEHRAUFWENDUNGEN VERLANGEN. BETRIFFT DER
VERTRAG EINE VOM LIEFERANTEN HERZUSTELLENDE, UNVERTRETBARE SACHE
(EINZELANFERTIGUNG), SO STEHEN DEM LIEFERANTEN WEITERGEHENDE RECHTE NUR ZU, WENN
WIR UNS ZUR MITWIRKUNG VERPFLICHTET UND DAS UNTERBLEIBEN DER MITWIRKUNG ZU
VERTRETEN HABEN.
5.6 SOFERN NICHTS ANDERES SCHRIFTLICH VEREINBART IST, SIND TEIL-, MEHR- ODER
MINDERLIEFERUNGEN NICHT ZULÄSSIG.
6. ERFÜLLUNGSGEHILFEN
6.1 ZUM EINSATZ VON SUBUNTERNEHMERN ODER SONSTIGEN ERFÜLLUNGSGEHILFEN FÜR DIE
ERBRINGUNG DER VERTRAGSGEGENSTÄNDLICHEN LEISTUNGEN IST DER LIEFERANT NUR NACH
UNSERER VORIGEREN SCHRIFTLICHEN ZUSTIMMUNG BERECHTIGT. DIES GILT NICHT FÜR FREIE
MITARBEITER DES LIEFERANTEN, DIE IN DIE ARBEITS- UND ORGANISATIONSSTRUKTUR DES
LIEFERANTEN EINGEBUNDEN SIND.
6.2 AUCH NACH UNSERER ZUSTIMMUNG IM SINNE VON ZIFFER 6.1 HAT DER LIEFERANT
SICHERZUSTELLEN, DASS SUBUNTERNEHMER ODER SONSTIGE ERFÜLLUNGSGEHILFEN UND FREIE
MITARBEITER DIE VORGABEN DIESER AEB EINHALTEN.
6.3 SOWEIT DER LIEFERANT IM RAHMEN DER ZURVERFÜGUNGSTELLUNG ALLER ZUR
DURCHFÜHRUNG EINES PROJEKTS ERFORDERLICHEN PERSONELLEN UND SACHLICHEN MITTEL
VEREINBARUNGEN MIT DRITTEN ABSCHLIESST, ERFOLGT DIES IM EIGENEN NAMEN UND AUF
EIGENE RECHNUNG.
7. EIGENTUMSSICHERUNG, BEISTELLUNG, WERKZEUGE
7.1 AN ABBILDUNGEN, PLÄNEN, ZEICHNUNGEN, BERECHNUNGEN, AUSFÜHRUNGSANWEISUNGEN,
PRODUKTBESCHREIBUNGEN UND SONSTIGEN UNTERLAGEN UND INFORMATIONEN BEHALTEN WIR
UNS EIGENTUMS- UND URHEBERRECHTE VOR. DERARTIGE UNTERLAGEN UND INFORMATIONEN
SIND AUSSCHLIESSLICH FÜR DIE VERTRAGLICHE LEISTUNG ZU VERWENDEN UND NACH
ERFÜLLUNG DES VERTRAGS AN UNS ZURÜCKZUGEBEN. GEGENÜBER DRITTEN SIND DIE
UNTERLAGEN GEHEIM ZU HALTEN, UND ZWAR AUCH NACH BEENDIGUNG DES VERTRAGS. DIE
GEHEIMHALTUNGSVERPFLICHTUNG ERLISCHT ERST, WENN UND SOWEIT DAS IN DEN
ÜBERLASSENEN UNTERLAGEN ENTHALTENE WISSEN ALLGEMEIN BEKANNT GEWORDEN IST.
7.2 ZIFFER 7.1 GILT ENTSPRECHEND FÜR STOFFE UND MATERIALIEN DIE WIR DEM
LIEFERANTEN ZUR HERSTELLUNG BEISTELLEN. DERARTIGE GEGENSTÄNDE SIND – SOLANGE SIE
NICHT VERARBEITET WERDEN – AUF KOSTEN DES LIEFERANTEN GESONDERT ZU VERWAHREN, ZU
BEZEICHNEN UND ZU VERWALTEN SOWIE IN ÜBLICHEM UMFANG GEGEN ZERSTÖRUNG UND
VERLUST ZU VERSICHERN. BEI WERTMINDERUNG ODER VERLUST IST VOM LIEFERANTEN ERSATZ
ZU LEISTEN.
7.3 SOFERN WIR STOFFE UND MATERIALIEN BEIM LIEFERANTEN BEISTELLEN, WIRD DIE
VERARBEITUNG ODER UMBILDUNG DURCH DEN LIEFERANTEN FÜR UNS VORGENOMMEN. WIRD
UNSERE VORBEHALTSWARE MIT ANDEREN, UNS NICHT GEHÖRENDEN GEGENSTÄNDEN
VERARBEITET, SO ERWERBEN WIR DAS MITEIGENTUM AN DER NEUEN SACHE IM VERHÄLTNIS
DES WERTES UNSERER SACHE ZU DEN ANDEREN VERARBEITETEN GEGENSTÄNDEN ZUR ZEIT DER
VERARBEITUNG.
7.4 WERDEN VON UNS BEIGESTELLTE STOFFE UND MATERIALIEN MIT ANDEREN, UNS NICHT
GEHÖRENDEN GEGENSTÄNDEN UNTRENNBAR VERMISCHT, SO ERWERBEN WIR DAS MITEIGENTUM AN
DER NEUEN SACHE IM VERHÄLTNIS DES WERTES DER VORBEHALTSSACHE ZU DEN ANDEREN
VERMISCHTEN GEGENSTÄNDEN ZUM ZEITPUNKT DER VERMISCHUNG. ERFOLGT DIE VERMISCHUNG
IN DER WEISE, DASS DIE SACHE DES LIEFERANTEN ALS HAUPTSACHE ANZUSEHEN IST, SO
GILT ALS VEREINBART, DASS DER LIEFERANT UNS ANTEILMÄSSIG MITEIGENTUM ÜBERTRÄGT;
DER LIEFERANT VERWAHRT DAS ALLEINEIGENTUM ODER DAS MITEIGENTUM UNENTGELTLICH FÜR
UNS MIT DER SORGFALT EINES ORDENTLICHEN KAUFMANNS.
7.5 WERKZEUGE, FORMEN, MUSTER, MODELLE, PROFILE, ZEICHNUNGEN, NORMENBLÄTTER,
DRUCKVORLAGEN UND LEHREN, DIE WIR DEM LIEFERANTEN ZUR VERFÜGUNG STELLEN ODER DIE
ZU VERTRAGSZWECKEN GEFERTIGT UND UNS DURCH DEN LIEFERANTEN GESONDERT BERECHNET
WERDEN, BLEIBEN UNSER EIGENTUM ODER GEHEN IN UNSER EIGENTUM ÜBER. DER LIEFERANT
IST VERPFLICHTET, DIESE GEGENSTÄNDE AUSSCHLIESSLICH FÜR DIE HERSTELLUNG DER VON
UNS BESTELLTEN LIEFERGEGENSTÄNDE EINZUSETZEN. SIE SIND DURCH DEN LIEFERANTEN ALS
UNSER EIGENTUM KENNTLICH ZU MACHEN UND GEGEN UNBEFUGTE EINSICHTNAHME ODER
VERWENDUNG ZU SICHERN. DER LIEFERANT IST VERPFLICHTET, DIE UNS GEHÖRENDEN
WERKZEUGE ZUM NEUWERT AUF EIGENE KOSTEN GEGEN FEUER-, WASSER- UND
DIEBSTAHLSCHADEN ZU VERSICHERN. GLEICHZEILIG TRITT ER UNS SCHON JETZT ALLE
ENTSCHÄDIGUNGSANSPRÜCHE AUS DIESER VERSICHERUNG AB; WIR NEHMEN DIE ABTRETUNG
HIERMIT AN. DER LIEFERANT IST FERNER VERPFLICHTET, ETWA ERFORDERLICHE WARTUNGS
UND INSPEKTIONSARBEITEN AN UNSEREN WERKZEUGEN SOWIE ALLE INSTANDHALTUNGS- UND
INSTANDSETZUNGSARBEITEN AUF EIGENE KOSTEN RECHTZEITIG DURCHZUFÜHREN. ETWAIGE
STÖRFÄLLE HAT ER UNS SOFORT ANZUZEIGEN; UNTERLÄSST ER DIES SCHULDHAFT, SO
BLEIBEN SCHADENERSATZANSPRÜCHE UNBERÜHRT. DER LIEFERANT IST NACH AUFFORDERUNG
VERPFLICHTET, DIE WERKZEUGE UND ANDERE GEGENSTÄNDE IN ORDNUNGSGEMÄSSEN ZUSTAND
AN UNS HERAUSZUGEBEN, WENN SIE VON IHM NICHT MEHR ZUR ERFÜLLUNG DER MIT UNS
GESCHLOSSENEN VERTRÄGE BENÖTIGT WERDEN.
7.6 DIE ÜBEREIGNUNG DER VOM LIEFERANTEN GELIEFERTEN LIEFERGEGENSTÄNDE AN UNS
ERFOLGT UNBEDINGT UND OHNE RÜCKSICHT AUF DIE ZAHLUNG DES PREISES. AUSGESCHLOSSEN
SIND JEDENFALLS ALLE FORMEN DES ERWEITERTEN ODER VERLÄNGERTEN
EIGENTUMSVORBEHALTS, SO DASS EIN VOM LIEFERANTEN GGF. WIRKSAM ERKLÄRTER
EIGENTUMSVORBEHALT NUR BIS ZUR BEZAHLUNG DER AN UNS GELIEFERTEN WARE UND FÜR
DIESE GILT.
8. MÄNGELUNTERSUCHUNG
8.1 FÜR UNSERE RECHTE BEI SACH- UND RECHTSMÄNGELN DER LIEFERGEGENSTÄNDE
(EINSCHLIESSLICH FALSCH- UND MINDERLIEFERUNG SOWIE UNSACHGEMÄSSER MONTAGE,
MANGELHAFTER MONTAGE-, BETRIEBS- ODER BEDIENUNGSANLEITUNG) UND BEI SONSTIGEN
PFLICHTVERLETZUNGEN DURCH DEN LIEFERANTEN GELTEN DIE GESETZLICHEN VORSCHRIFTEN,
SOWEIT NACHFOLGEND NICHTS ANDERES BESTIMMT IST.
8.2 NACH DEN GESETZLICHEN VORSCHRIFTEN HAFTET DER LIEFERANT INSBESONDERE DAFÜR,
DASS DIE LIEFERGEGENSTÄNDE BEI GEFAHRÜBERGANG AUF UNS DIE VEREINBARTE
BESCHAFFENHEIT HABEN. ALS VEREINBARUNG ÜBER DIE BESCHAFFENHEIT GELTEN JEDENFALLS
DIEJENIGEN PRODUKTBESCHREIBUNGEN, DIE – INSBESONDERE DURCH BEZEICHNUNG ODER
BEZUGNAHME IN UNSERER BESTELLUNG – GEGENSTAND DES JEWEILIGEN VERTRAGS SIND ODER
IN GLEICHER WEISE WIE DIESE AEB IN DEN VERTRAG EINBEZOGEN WURDEN. ES MACHT DABEI
KEINEN UNTERSCHIED, OB DIE PRODUKTBESCHREIBUNG VON UNS, VOM LIEFERANTEN ODER VOM
HERSTELLER STAMMT.
8.3 ABWEICHEND VON § 442 ABS. 1 SATZ 2 BGB STEHEN UNS MÄNGELANSPRÜCHE
UNEINGESCHRÄNKT AUCH DANN ZU, WENN UNS DER MANGEL BEI VERTRAGSSCHLUSS INFOLGE
GROBER FAHRLÄSSIGKEIT UNBEKANNT GEBLIEBEN IST.
8.4 FÜR DIE KAUFMÄNNISCHE UNTERSUCHUNGS- UND RÜGEPFLICHT GELTEN, SOFERN NICHTS
ANDERES SCHRIFTLICH VEREINBART IST (Z.B. QUALITÄTSSICHERUNGSVEREINBARUNG), DIE
GESETZLICHEN VORSCHRIFTEN (§§ 377, 381 HGB) MIT FOLGENDER MASSGABE: UNSERE
UNTERSUCHUNGSPFLICHT BESCHRÄNKT SICH AUF MÄNGEL, DIE BEI UNSERER
WARENEINGANGSKONTROLLE UNTER ÄUSSERLICHER BEGUTACHTUNG EINSCHLIESSLICH DER
LIEFERPAPIERE SOWIE BEI UNSERER QUALITÄTSKONTROLLE IM STICHPROBENVERFAHREN OFFEN
ZU TAGE TRETEN (Z.B. TRANSPORTBESCHÄDIGUNGEN, FALSCH- UND MINDERLIEFERUNG).
SOWEIT EINE ABNAHME VEREINBART IST, BESTEHT KEINE UNTERSUCHUNGSPFLICHT. IM
ÜBRIGEN KOMMT ES DARAUF AN, INWIEWEIT EINE UNTERSUCHUNG UNTER BERÜCKSICHTIGUNG
DER UMSTÄNDE DES EINZELFALLS NACH ORDNUNGSGEMÄSSEM GESCHÄFTSGANG TUNLICH IST.
UNSERE RÜGEPFLICHT FÜR SPÄTER ENTDECKTE MÄNGEL BLEIBT UNBERÜHRT. IN ALLEN FÄLLEN
GILT UNSERE RÜGE (MÄNGELANZEIGE) ALS UNVERZÜGLICH UND RECHTZEITIG, WENN SIE
INNERHALB VON FÜNF ARBEITSTAGEN, GERECHNET AB WARENEINGANG ODER BEI VERSTECKTEN
MÄNGELN AB ENTDECKUNG, BEIM LIEFERANTEN EINGEHT.
8.5 DIE ZUM ZWECK DER PRÜFUNG UND NACHBESSERUNG VOM LIEFERANTEN AUFGEWENDETEN
KOSTEN TRÄGT DIESER AUCH DANN, WENN SICH HERAUSSTELLT, DASS TATSÄCHLICH KEIN
MANGEL VORLAG. UNSERE SCHADENSERSATZHAFTUNG BEI UNBERECHTIGTEM
MÄNGELBESEITIGUNGSVERLANGEN BLEIBT UNBERÜHRT; INSOWEIT HAFTEN WIR JEDOCH NUR,
WENN WIR ERKANNT ODER GROB FAHRLÄSSIG NICHT ERKANNT HABEN, DASS KEIN MANGEL
VORLAG.
8.6 KOMMT DER LIEFERANT SEINER VERPFLICHTUNG ZUR NICHTERFÜLLUNG – NACH UNSERER
WAHL DURCH BESEITIGUNG DES MANGELS (NACHBESSERUNG) ODER DURCH LIEFERUNG EINER
MANGELFREIEN SACHE (ERSATZLIEFERUNG) – INNERHALB EINER VON UNS GESETZTEN,
ANGEMESSENEN FRIST NICHT NACH, SO KÖNNEN WIR DEN MANGEL SELBST BESEITIGEN UND
VOM LIEFERANTEN ERSATZ DER HIERFÜR ERFORDERLICHEN AUFWENDUNGEN BZW. EINEN
ENTSPRECHENDEN VORSCHUSS VERLANGEN. IST DIE NICHTERFÜLLUNG DURCH DEN LIEFERANTEN
FEHLGESCHLAGEN ODER FÜR UNS UNZUMUTBAR (Z.B. WEGEN BESONDERER DRINGLICHKEIT
GEFÄHRDUNG DER BETRIEBSSICHERHEIT ODER DROHENDEM EINTRITT UNVERHÄLTNISMÄSSIGER
SCHADEN) BEDARF ES KEINER FRISTSETZUNG; DER LIEFERANT IST UNVERZÜGLICH, NACH
MÖGLICHKEIT VORHER, ZU UNTERRICHTEN.
8.7 IM ÜBRIGEN SIND WIR BEI EINEM SACH- ODER RECHTSMANGEL NACH DEN GESETZLICHEN
VORSCHRIFTEN ZUR MINDERUNG DES KAUFPREISES ODER ZUM RÜCKTRITT VOM VERTRAG
BERECHTIGT. AUSSERDEM HABEN WIR NACH DEN GESETZLICHEN VORSCHRIFTEN ANSPRUCH AUF
SCHADENS- UND AUFWENDUNGSERSATZ.
8.8 DURCH ABNAHME ODER DURCH BILLIGUNG VON VORGELEGTEN MUSTERN ODER PROBEN
VERZICHTEN WIR NICHT AUF GEWÄHRLEISTUNGSANSPRÜCHE.
9. COMPLIANCE-GRUNDSÄTZE FÜR DIE ZUSAMMENARBEIT
9.1 DER LIEFERANT, SEINE MITARBEITER UND VON IHM MÖGLICHERWEISE BEAUFTRAGTE
SUBUNTERNEHMER ODER SONSTIGE ERFÜLLUNGSGEHILFEN WERDEN DIE
VERTRAGSGEGENSTÄNDLICHEN LEISTUNGEN IM EINKLANG MIT DEN ANWENDBAREN NATIONALEN
UND INTERNATIONALEN RECHTSVORSCHRIFTEN ERBRINGEN. DAS GILT INSBESONDERE, JEDOCH
NICHT AUSSCHLIESSLICH, FÜR DIE ANWENDBAREN RECHTSVORSCHRIFTEN DER FOLGENDEN
LÄNDER: • DEUTSCHLAND; • USA; • IRLAND; UND • UK.
9.2 FERNER GILT DIES INSBESONDERE, JEDOCH NICHT AUSSCHLIESSLICH, FÜR DIE
ANWENDBAREN RECHTSVORSCHRIFTEN IN DEN FOLGENDEN RECHTSGEBIETEN: •
ANTIKORRUPTIONSRECHT; • KARTELL- UND WETTBEWERBSRECHT; • AUSSENWIRTSCHAFTSRECHT;
• UMWELTRECHT; • DATENSCHUTZRECHT.
9.3 DER LIEFERANT SICHERT ZU, DASS SEINE MITARBEITER UND VON IHR MÖGLICHERWEISE
BEAUFTRAGTE SUBUNTERNEHMER ODER SONSTIGE ERFÜLLUNGSGEHILFEN MIT DEN GEBOTEN UND
VERBOTEN DER RECHTSVORSCHRIFTEN VERTRAUT SIND, DIE AUF DIE
VERTRAGSGEGENSTÄNDLICHEN LEISTUNGEN ANWENDBAR SIND.
9.4 DER LIEFERANT, SEINE MITARBEITER UND VON IHM MÖGLICHERWEISE BEAUFTRAGTE
SUBUNTERNEHMER ODER SONSTIGE ERFÜLLUNGSGEHILFEN WERDEN DIE
VERTRAGSGEGENSTÄNDLICHEN LEISTUNGEN INSBESONDERE IM EINKLANG MIT DEN ANWENDBAREN
RECHTSVORSCHRIFTEN ZUR BEKÄMPFUNG VON KORRUPTION ERBRINGEN. SIE WERDEN WEDER
SELBST NOCH ÜBER DRITTE GELD, GESCHENKE, EINLADUNGEN ODER ANDERE UNZULÄSSIGE
VORTEILE PERSONEN GEWAHREN ODER VERSPRECHEN, DIE ENTSCHEIDUNGEN IM HINBLICK AUF
UNS TREFFEN. SIE KÖNNEN SOLCHEN PERSONEN NUR DANN GESCHENKE, BEWIRTUNGEN ODER
SONSTIGE VORTEILE ANBIETEN ODER GEWAHREN, WENN WIR VORHER SCHRIFTLICH ZUGSTIMMT
HAT.
9.5 DER LIEFERANT VERPFLICHTET SICH, NACH JEDEM VOLLEN JAHR DER VERTRAGSLAUFZEIT
INNERHALB VON VIERZEHN TAGEN EINE SCHRIFTLICHE BESTÄTIGUNG AN UNS ZU SCHICKEN,
DASS ER, SEINE MITARBEITER SOWIE VON IHM MÖGLICHERWEISE BEAUFTRAGTE
SUBUNTERNEHMER ODER SONSTIGE ERFÜLLUNGSGEHILFEN BEI ALLEN
VERTRAGSGEGENSTÄNDLICHEN LEISTUNGEN DIE BESTIMMUNGEN DER ZIFFERN 9.1, 9.2, 9.3
UND 6.1 – SUBUNTERNEHMER BEFOLGT HABEN. SOLANGE DER LIEFERANT DIE BESTÄTIGUNG
NICHT GESCHICKT HAT, HABEN WIR DAS RECHT, ALLE AUSSTEHENDEN ZAHLUNGEN
ZURÜCKZUHALTEN.
9.6 WENN DER LIEFERANT, SEINE MITARBEITER UND VON IHM MÖGLICHERWEISE BEAUFTRAGTE
SUBUNTERNEHMEN ODER SONSTIGE ERFÜLLUNGSGEHILFEN GEGEN BESTIMMUNGEN DER ZIFFERN
9.1, 9.2, 9.3 UND 6.1 - SUBUNTERNEHMER VERSTOSSEN, SIND WIR BERECHTIGT DIE
VERTRAGLICHE BEZIEHUNG MIT DEM LIEFERANTEN AUSSERORDENTLICH FRISTLOS ZU
KÜNDIGEN.
9.7 DER LIEFERANT IST VERPFLICHTET, UNS DEN SCHADEN, INSBESONDERE
EINSCHLIESSLICH MEHRSTEUERN, HOHEITLICHER SANKTIONEN, RECHTSVERTEIDIGUNGSKOSTEN
ETC.) ZU ERSETZEN.
10. PRODUKTHAFTUNG, FREISTELLUNG, HAFTPFLICHTVERSICHERUNG
10.1 DER LIEFERANT HAFTET DAFÜR, DASS DIE GELIEFERTE WARE DEN VEREINBARTEN
PRODUKTSPEZIFIKATIONEN SOWIE DEN AKTUELLEN GESETZLICHEN BESTIMMUNGEN DES
JEWEILIGEN LANDES, IN ERMANGELUNG SOLCHER ZUMINDEST DEN HANDELSÜBLICHEN
QUALITÄTSBESTIMMUNGEN, ENTSPRICHT UND DARÜBER HINAUS FREI VON MÄNGELN ODER
FEHLERN IM SINNE DES PRODUKTHAFTUNGSGESETZES IST.
10.2 SOWEIT DER LIEFERANT FÜR EINEN PRODUKTSCHADEN VERANTWORTLICH IST, IST ER
VERPFLICHTET, UNS INSOWEIT VON SCHADENERSATZANSPRÜCHEN DRITTER AUF ERSTES
ANFORDERN FREIZUSTELLEN, ALS DIE URSACHE IN SEINEM HERRSCHAFTS- UND
ORGANISATIONSBEREICH GESETZT IST UND ER IM AUSSENVERHÄLTNIS SELBST HAFTET.
10.3 BEI ROHSTOFFEN UND PRIMÄR-PACKSTOFFEN GARANTIERT DER LIEFERANT DIE
JEDERZEITIGE LÜCKENLOSE RÜCKVERFOLGBARKEIT DER JEWEILIGEN PRODUKTE.
10.4 IM RAHMEN SEINER HAFTUNG FÜR SCHADENSFÄLLE IM SINN VON ZIFFER 10.1 IST DER
LIEFERANT AUCH VERPFLICHTET, ETWAIGE AUFWENDUNGEN GEMÄSS §§ 683, 670 BGB ODER
GEMÄSS §§ 830, 840, 426 BGB ZU ERSTATTEN, DIE SICH AUS ODER IM ZUSAMMENHANG MIT
EINER VON UNS DURCHGEFÜHRTEN RÜCKRUFAKTION ERGEBEN. ÜBER INHALT UND UMFANG DER
DURCHZUFÜHRENDEN RÜCKRUFMASSNAHMEN WERDEN WIR DEN LIEFERANTEN – SOWEIT MÖGLICH
UND ZUMUTBAR – UNTERRICHTEN UND IHM GELEGENHEIT ZUR STELLUNGNAHME GEBEN.
UNBERÜHRT BLEIBEN SONSTIGE GESETZLICHE ANSPRÜCHE.
10.5 DER LIEFERANT VERPFLICHTET SICH, EINE PRODUKTHAFTPFLICHT-VERSICHERUNG MIT
EINER DECKUNGSSUMME VON MINDESTENS EUR 1.000.000 PRO PERSONENSCHADEN /
SACHSCHADEN – PAUSCHAL – ZU UNTERHALTEN; STEHEN UNS WEITERGEHENDE
SCHADENERSATZANSPRÜCHE ZU, SO BLEIBEN DIESE UNBERÜHRT.
10.6 WIR SIND BERECHTIGT, IM RAHMEN DURCHZUFÜHRENDER BEWERTUNGEN DES
VEREINBARTEN QUALITÄTSSTANDARDS WÄHREND DER ÜBLICHEN BETRIEBS- UND
GESCHÄFTSSTUNDEN NACH VORHERIGER ANMELDUNG DAS WERK DES LIEFERANTEN ZU BETRETEN.
11. SCHUTZRECHTE DRITTER
11.1 DER LIEFERANT GEWÄHRLEISTET, DASS IM ZUSAMMENHANG MIT SEINER LIEFERUNG
KEINE SCHUTZRECHTE DRITTER IN LÄNDERN DER EUROPÄISCHEN UNION, NORDAMERIKA ODER
ANDEREN LÄNDERN, IN DENEN ER DIE PRODUKTE HERSTELLT ODER HERSTELLEN LÄSST,
VERLETZT WERDEN.
11.2 WERDEN WIR VON EINEM DRITTEN WEGEN DER IN ZIFFER 11.1 GENANNTEN VERLETZUNG
VON SCHUTZRECHTEN IN ANSPRUCH GENOMMEN, SO IST DER LIEFERANT VERPFLICHTET, UNS
VON DIESEN ANSPRÜCHEN FREIZUSTELLEN SOFERN DIESE ANSPRÜCHE NICHT OFFENSICHTLICH
UNBEGRÜNDET SIND.
11.3 WIR SIND NICHT BERECHTIGT, MIT DEM DRITTEN – OHNE ZUSTIMMUNG DES
LIEFERANTEN – IRGENDWELCHE VEREINBARUNGEN ZU TREFFEN, INSBESONDERE EINEN
VERGLEICH ABZUSCHLIESSEN.
11.4 DIE FREISTELLUNGSPFLICHT DES LIEFERANTEN BEZIEHT SICH AUF ALLE
AUFWENDUNGEN, DIE UNS AUS ODER IM ZUSAMMENHANG MIT DER INANSPRUCHNAHME DURCH
EINEN DRITTEN NOTWENDIGERWEISE ERWACHSEN.
12. NUTZUNGSRECHTE AN SOFTWARE
12.1 DER LIEFERANT GEWÄHRT UNS DAS NICHTAUSSCHLIESSLICHE, ÜBERTRAGBARE,
WELTWEITE, INHALTLICH UND ZEITLICH UNBEGRENZTE RECHT,
12.1.1 SOFTWARE UND DIE DAZUGEHÖRIGE DOKUMENTATION (ZUSAMMEN IM FOLGENDEN
"SOFTWARE" GENANNT) ZU NUTZEN ODER NUTZEN ZU LASSEN;
12.1.2 DAS NUTZUNGSRECHT GEMÄSS ZIFFER 12.1.1 AN MIT UNS VERBUNDENE UNTERNEHMEN
I.S.V. § 15 AKTG, AN DISTRIBUTOREN UND AN ENDKUNDEN ZU UNTERLIZENZIEREN;
12.1.3 MIT UNS VERBUNDENEN UNTERNEHMEN I.S.V. § 15 AKTG UND ANDEREN
DISTRIBUTOREN DAS RECHT EINZURÄUMEN, ENDKUNDEN DAS NUTZUNGSRECHT GEMÄSS ZIFFER
12.1.1 ZU LIZENSIEREN;
12.1.4 DIE SOFTWARE ZU KOPIEREN ODER DURCH MIT UNS VERBUNDENE UNTERNEHMEN I.S.V.
§ 15 AKTG ODER ANDERE DISTRIBUTOREN KOPIEREN ZU LASSEN, SOWEIT DIES FÜR DIE
NUTZUNG, ÜBERTRAGUNG, UNTERLIZENSIERUNG ODER ALS SICHERUNGSKOPIE ERFORDERLICH
IST.
12.2 WIR, UNSERE VERBUNDENEN UNTERNEHMEN I.S.V. § 15 AKTG UND ANDERE
DISTRIBUTOREN SIND ZUSÄTZLICH ZU DEN NACH ZIFFER 12.1 EINGERÄUMTEN RECHTEN
BEFUGT, ENDKUNDEN DIE ÜBERTRAGUNG DER SOFTWARELIZENZEN ZU GESTATTEN.
12.3 ALLE VON UNS GEWÄHRTEN UNTERLIZENZEN MÜSSEN ANGEMESSENEN SCHUTZ FÜR DAS
GEISTIGE EIGENTUM DES LIEFERANTEN AN DER SOFTWARE VORSEHEN, INDEM GEGENÜBER DEN
UNTERLIZENZNEHMERN / ÜBERTRAGUNGSEMPFÄNGERN DIESELBEN VERTRAGLICHEN BESTIMMUNGEN
VERWENDET WERDEN, DIE DER LIEFERANT ZUM SCHUTZ DES EIGENEN GEISTIGEN EIGENTUMS
VERWENDET.
13. ABTRETUNG, INSOLVENZ DES LIEFERANTEN
13.1 DER LIEFERANT IST NICHT BERECHTIGT, SEINE FORDERUNGEN AUS DEM
VERTRAGSVERHÄLTNIS MIT UNS AN DRITTE ABZUTRETEN. DIES GILT NICHT, SOWEIT ES SICH
UM GELDFORDERUNGEN HANDELT.
13.2 WIR KÖNNEN VOM VERTRAG ZURÜCKTRETEN, WENN DER LIEFERANT SEINE ZAHLUNGEN
EINSTELLT ODER DAS INSOLVENZVERFAHREN ODER EIN VERGLEICHBARES GESETZLICHES
VERFAHREN BEANTRAGT ODER EIN SOLCHES VERFAHREN ERÖFFNET WIRD ODER DESSEN
ERÖFFNUNG MANGELS MASSE ABGELEHNT WIRD.
14. KÜNDIGUNG, CHANGE OF CONTROL
14.1 WIR SIND BERECHTIGT, DIE VERTRAGLICHE BEZIEHUNG ZUM LIEFERANTEN JEDERZEIT
DURCH SCHRIFTLICHE ERKLÄRUNG UNTER ANGABE DES GRUNDES ZU KÜNDIGEN, WENN WIR DIE
BESTELLTEN PRODUKTE IN UNSEREM GESCHÄFTSBETRIEB AUFGRUND BEI VERTRAGSSCHLUSS
NICHT ERKENNBAREN UMSTÄNDEN NICHT MEHR VERWENDEN KÖNNEN. DEM LIEFERANTEN WERDEN
WIR IN DIESEM FALL DIE VON IHM ERBRACHTE TEILLEISTUNG VERGÜTEN.
14.2 IM FALLE EINES KONTROLLWECHSELS IM SINNE VON ZIFFER 14.3 HABEN WIR EIN
EINMALIGES SONDERKÜNDIGUNGSRECHT, DIE VERTRAGLICHE BEZIEHUNG MIT DEM LIEFERANTEN
MIT EINER KÜNDIGUNGSFRIST VON VIER WOCHEN ZUM MONATSENDE ZU KÜNDIGEN. DAS
SONDERKÜNDIGUNGSRECHT BESTEHT INNERHALB VON DREI MONATEN, NACHDEM DEM UNS DER
KONTROLLWECHSEL BEKANNT GEWORDEN IST. DEM LIEFERANTEN WERDEN WIR IN DIESEM FALL
DIE VON IHM ERBRACHTE TEILLEISTUNG VERGÜTEN.
14.3 EIN KONTROLLWECHSEL LIEGT VOR, WENN EIN DRITTER ODER MEHRERE GEMEINSAM
HANDELNDE DRITTE MEHR ALS 50 % DER GESCHÄFTSANTEILE DES LIEFERANTEN ERWERBEN.
15. VERTRAULICHKEIT
15.1 DER LIEFERANT IST VERPFLICHTET, DEN INHALT UNSERER GESCHÄFTSBEZIEHUNG
VERTRAULICH ZU BEHANDELN UND DRITTEN NICHT ZU OFFENBAREN ODER SONST UNMITTELBAR
ODER MITTELBAR ZUGANGLICH ZU MACHEN.
15.2 DER LIEFERANT WIRD GESCHÄFTS- UND BETRIEBSGEHEIMNISSE, DIE IHM IM
ZUSAMMENHANG MIT UNSERER VERTRAGLICHEN BEZIEHUNG ANVERTRAUT ODER BEKANNT
GEWORDEN SIND ("GEHEIME INFORMATIONEN"), GEHEIM HALTEN UND VERTRAULICH
BEHANDELN, NICHT WEITERGEBEN, AUSSCHLIESSLICH ZUR DURCHFÜHRUNG UNSERER
GESCHÄFTSBEZIEHUNG VERWENDEN UND AUCH NACH BEENDIGUNG UNSERER GESCHÄFTSBEZIEHUNG
WEDER FÜR SICH NOCH FÜR ANDERE VERWERTEN.
15.3 DER LIEFERANT DARF GEHEIME INFORMATIONEN AN SEINE MITARBEITER ODER AN
DRITTE, SOWEIT DIESE IN DIE DURCHFÜHRUNG UNSERER GESCHÄFTSBEZIEHUNG EINGEBUNDEN
SIND UND DIE GEHEIMEN INFORMATIONEN KENNEN MÜSSEN, WEITERGEBEN. SOWEIT EINE
WEITERGABE GEHEIMER INFORMATIONEN HIERNACH ZULÄSSIG IST, VERPFLICHTET DER
LIEFERANT, DIE INFORMATIONSWEITERGABE AN SOLCHE MITARBEITER ODER DRITTE AUF DEN
FÜR DIE DURCHFÜHRUNG UNSERER GESCHÄFTSBEZIEHUNG ERFORDERLICHEN UMFANG ZU
BEGRENZEN. DER LIEFERANT VERPFLICHTET SICH, SOLCHE MITARBEITER ODER DRITTE ÜBER
DIE AUFGRUND UNSERER GESCHÄFTSBEZIEHUNG BESTEHENDE GEHEIMHALTUNGSVERPFLICHTUNG
VOR BEKANNTGABE EINER GEHEIMEN INFORMATION ZU INFORMIEREN UND ENTSPRECHEND ZUR
GEHEIMHALTUNG ZU VERPFLICHTEN, BEVOR DIE MITARBEITER ODER DRITTE ZUGANG ZU
GEHEIMEN INFORMATIONEN ERHALTEN. DER LIEFERANT STEHT FÜR DIE EINHALTUNG DER
VERPFLICHTUNGEN GEMÄSS DIESEN AEB DURCH DIE VORGENANNTEN PERSONEN EIN.
15.4 DIE VERPFLICHTUNG ZUR GEHEIMHALTUNG UND NICHT-WEITERGABE FINDET NUR
ANWENDUNG AUF INFORMATIONEN, DIE • NICHT BEREITS ALLGEMEIN BEKANNT SIND ODER •
DER DIE GEHEIMEN INFORMATIONEN EMPFANGENDEN LIEFERANTEN NICHT BEREITS VORHER VON
UNS ODER AUF NICHT VERTRAULICHER BASIS GEWAHRT WORDEN WAREN ODER • DER DIE
GEHEIMEN INFORMATIONEN EMPFANGENDEN PARTEI NICHT VON DRITTEN AUF NICHT
VERTRAULICHER BASIS ZUGÄNGLICH GEMACHT WURDEN, ES SEI DENN, DASS DER DIE
GEHEIMEN INFORMATIONEN EMPFANGENDEN PARTEI BEKANNT WAR, DASS DIESER DRITTE
SEINERSEITS DURCH DIE WEITERGABE EINE GEHEIMHALTUNGSVEREINBARUNG MIT DER ANDEREN
PARTEI VERLETZT HAT.
15.5 EINE GEHEIMHALTUNGSPFLICHT BESTEHT NICHT, SOWEIT DIE DIE GEHEIMEN
INFORMATIONEN EMPFANGENDE PARTEI GESETZLICH VERPFLICHTET IST, GEHEIME
INFORMATIONEN IN GERICHTLICHEN, BEHÖRDLICHEN ODER SONSTIGEN VERFAHREN ZU
OFFENBAREN.
15.6 DER LIEFERANT VERPFLICHTET SICH, AUF SCHRIFTLICHE ANFORDERUNG VON UNS,
JEDENFALLS ABER SPÄTESTENS MIT BEENDIGUNG DER VERTRAGLICHEN BEZIEHUNG, SÄMTLICHE
IHR IM ZUSAMMENHANG DER VERTRAGLICHEN BEZIEHUNG ÜBERLASSENEN UNTERLAGEN, DATEIEN
UND DATENTRÄGER (GLEICH WELCHER ART) SOWIE SÄMTLICHE KOPIEN ODER TEILE HIERVON,
DIE SICH NOCH IN SEINEM BESITZ BEFINDEN UND GEHEIME INFORMATIONEN BEINHALTEN
ODER SICH AUF SOLCHE BEZIEHEN, AN UNS ZURÜCKZUGEBEN ODER ZU ZERSTÖREN UND DIE
ZERSTÖRUNG SCHRIFTLICH ZU BESTÄTIGEN SOWEIT NICHT AUS GRÜNDEN ZWINGENDEN RECHTS
ODER ZUR WAHRUNG BERECHTIGTER INTERESSEN DER DIE GEHEIMEN INFORMATIONEN
EMPFANGENDEN LIEFERANTEN OHNE GEFÄHRDUNG DER VERTRAULICHKEIT EIN VERBLEIB
SOLCHER UNTERLAGEN ODER KOPIEN HIERVON BEI IHR ERFORDERLICH IST.
15.7 OHNE UNSERE VORHERIGE SCHRIFTLICHE ZUSTIMMUNG DARF DER LIEFERANT IN
WERBEMATERIAL, BROSCHÜREN, ETC. NICHT AUF DIE GESCHÄFTSVERBINDUNG MIT UNS
HINWEISEN UND FÜR UNS GEFERTIGTE LIEFERGEGENSTÄNDE NICHT AUSSTELLEN.
16. VERJÄHRUNG
16.1 DIE WECHSELSEITIGEN ANSPRÜCHE DER VERTRAGSPARTEIEN VERJÄHREN NACH DEN
GESETZLICHEN VORSCHRIFTEN, SOWEIT NACHFOLGEND NICHTS ANDERES BESTIMMT IST.
16.2 ABWEICHEND VON § 438 ABS. 1 NR. 3 BGB BETRÄGT DIE ALLGEMEINE
VERJÄHRUNGSFRIST FÜR MÄNGELANSPRÜCHE DREI JAHRE AB GEFAHRÜBERGANG. SOWEIT EINE
ABNAHME VEREINBART IST, BEGINNT DIE VERJÄHRUNG MIT DER ABNAHME. DIE 3-JÄHRIGE
VERJÄHRUNGSFRIST GILT ENTSPRECHEND AUCH FÜR ANSPRÜCHE AUS RECHTSMÄNGELN, WOBEI
DIE GESETZLICHE VERJÄHRUNGSFRIST FÜR DINGLICHE HERAUSGABEANSPRÜCHE DRITTER (§
438 ABS. 1 NR. 1 BGB) UNBERÜHRT BLEIBT; ANSPRÜCHE AUS RECHTSMÄNGELN VERJÄHREN
DARÜBER HINAUS IN KEINEM FALL, SOLANGE DER DRITTE DAS RECHT – INSBESONDERE
MANGELS VERJÄHRUNG – NOCH GEGEN UNS GELTEND MACHEN KANN.
16.3 DIE VERJÄHRUNGSFRISTEN DES KAUFRECHTS EINSCHLIESSLICH VORSTEHENDER
VERLÄNGERUNG GELTEN – IM GESETZLICHEN UMFANG – FÜR ALLE VERTRAGLICHEN
MÄNGELANSPRÜCHE. SOWEIT UNS WEGEN EINES MANGELS AUCH AUSSERVERTRAGLICHE
SCHADENERSATZANSPRÜCHE ZUSTEHEN, GILT HIERFÜR DIE REGELMÄSSIGE GESETZLICHE
VERJÄHRUNG (§§ 195, 199 BGB), WENN NICHT DIE ANWENDUNG DER VERJÄHRUNGSFRISTEN
DES KAUFRECHTS IM EINZELFALL ZU EINER LÄNGEREN VERJÄHRUNGSFRIST FÜHRT.
16.4 BEI ERSATZLIEFERUNG UND MÄNGELBESEITIGUNG BEGINNT DIE GEWÄHRLEISTUNGSFRIST
FÜR ERSETZTE UND NACHGEBESSERTE TEILE ERNEUT, ES SEI DENN, WIR MUSSTEN NACH DEM
VERHALTEN DES LIEFERANTEN DAVON AUSGEHEN, DASS DIESER SICH NICHT ZU DER
MASSNAHME VERPFLICHTET SAH, SONDERN DIE ERSATZLIEFERUNG ODER MÄNGELBESEITIGUNG
NUR AUS KULANZGRÜNDEN ODER ÄHNLICHEN GRÜNDEN VORNAHM.
17. SCHLUSSBESTIMMUNGEN
17.1 SOWEIT DER VERTRAG ODER DIESE AEB REGELUNGSLÜCKEN ENTHALTEN, GELTEN ZUR
AUSFÜLLUNG DIESER LÜCKEN DIEJENIGEN RECHTLICH WIRKSAMEN REGELUNGEN ALS
VEREINBART, WELCHE DIE VERTRAGSPARTNER NACH DEN WIRTSCHAFTLICHEN ZIELSETZUNGEN
DES VERTRAGS UND DEM ZWECK DIESER AEB VEREINBART HATTEN, WENN SIE DIE
REGELUNGSLÜCKE GEKANNT HATTEN.
17.2 AUSSCHLIESSLICHER GERICHTSSTAND FÜR ALLE RECHTSSTREITIGKEITEN AUS DER
GESCHÄFTSBEZIEHUNG ZWISCHEN UNS UND DEM LIEFERANTEN IST FRANKFURT AM MAIN; WIR
SIND JEDOCH AUCH BERECHTIGT, KLAGE AM ALLGEMEINEN GERICHTSSTAND DES LIEFERANTEN
ZU ERHEBEN.
17.3 FÜR ALLE RECHTSBEZIEHUNGEN ZWISCHEN UNS UND DEM LIEFERANTEN GILT
AUSSCHLIESSLICH DAS RECHT DER BUNDESREPUBLIK DEUTSCHLAND UNTER AUSSCHLUSS DES
ÜBEREINKOMMENS DER VEREINTEN NATIONEN ÜBER VERTRÄGE ÜBER DEN INTERNATIONALEN
WARENEINKAUF (UNKAUFRECHT/CISG) VOM 1. APRIL 1980.
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