Terms and Conditions


The following terms and conditions (the "Terms") are provided by Exotix Partners LLP or any of its subsidiaries through which the Services are provided ("The Exotix Group", "we", "us" or "our") to you ("you") pertaining to certain electronic services and information (the "Services") to which you will have electronic access through our website on the Internet (the "Website").

Please note that if you are a client of The Exotix Group, these Terms supplement, and do not alter or otherwise supersede any other agreement or arrangement between you and us governing the conduct of our business relationship. In the event that you subscribe to our research portal, the terms and conditions relating to our research portal will govern the provision of research services to you.

The information provided on the Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

The Website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer by us to buy or sell any security or other financial instruments which may be referenced in the Website or provide any investment advice or service. Offers can only be made where lawful under applicable law.

  1. User Consent

    You acknowledge and agree that any use of the Services may involve the transmission to you of information that may be considered personal financial information, including but not limited to the identity, number and value of securities. You consent to the transmission by electronic means of such information through the Services; such consent shall be effective and irrevocable at all times that you use the Services.

    If you use a Service, you agree and consent to receive (or view) our website privacy policy, notices and all other information electronically, and to us posting the privacy policy or notices on the Website. You understand that telephone calls to us may be monitored or recorded for any purpose, and you hereby consent to such monitoring or recording. In the event of any dispute between you and us in relation to the Services, or if required by applicable laws and regulations, you consent to us using the recording for the purpose required.

  2. Disclaimer of Warranty

    The Services on the Website are provided on an "as is" basis. No warranty is provided as to the accuracy of the materials provided herein, either expressly or impliedly, for any particular purpose and we expressly disclaims any warranties of merchantability or fitness for a particular purpose.

    Although the information provided to you on the Website is obtained or compiled from sources we believe to be reliable, we cannot and do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose.

    Any marketing material on this website (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Our marketing material is not (and should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in marketing material constitutes a recommendation by Exotix or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

  3. Marketing material

    Any marketing material on this Website (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Our marketing material is not (and should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in marketing material constitutes a recommendation by Exotix or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

    Although the information contained in marketing material is obtained from sources believed to be reliable, Exotix does not guarantee its accuracy or completeness. All information is indicative and subject to change without notice and may be out of date at any given time.  Exotix shall not be responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any marketing material.

    The marketing material may include charts displaying financial instruments' past performance as well as price estimates and forecasts. Any information relating to past performance of an investment does not necessarily guarantee future performance.

  4. Limitation of Liability

    The Exotix Group will not be responsible for any loss or damage that could result from interception by third parties of any information made available to you via the Website.

    Neither we, nor our directors, officers or employees, nor any third party vendor will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of the Website, or resulting from the act or omission of any other party involved in making the Website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the Website or these materials, whether or not the circumstances giving rise to such cause may have been within our control or of any vendor providing software or services support.

    In no event will we, our directors, officers, employees and third party vendors be liable to you for any direct, indirect, special, consequential or incidental damages, or any other damages of any kind, even if we or any other party had been advised of the possibility thereof.

  5. Intellectual Property

    If you download any information or software from the Website, you agree that you will not copy it or remove or obscure any copyright or other notices or legends contained in any such information.

    Trade marks of The Exotix Group are owned by The Exotix Group and no licence is provided to you for the use of our intellectual property.

  6. Use of Links

    Should you leave the Website via a link contained herein, and view content that is not provided by us, you do so at your own risk. The content to which you link will not have been developed, checked for accuracy, or otherwise reviewed by us. We are not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided in such site, whether actual, alleged, consequential or punitive. We make no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content.

  7. Jurisdiction Use

    The information provided on the Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject The Exotix Group to any registration requirement within such jurisdiction or country. Neither the Securities Exchange Commission (USA), Securities Exchange Commission (Nigeria) nor the Dubai Financial Services Authority has approved the contents of the Website and any statement to the contrary express or otherwise, would constitute a material misstatement and an offence. Use of the Website in the United Kingdom (UK) and the rest of Europe is approved by Exotix Partners LLP, which is regulated by the UK’s Financial Conduct Authority. Some products and services may not be available in all jurisdictions or to all clients. Please ensure you are aware of which products and services may not be available to you.

  8. Modification and Termination

    You agree that we may modify, change, or discontinue the Services in whole or in part, at any time without notice to you. You agree that we may immediately terminate its provision of the Services to you if you breach these Terms, if you have jeopardised the proper and efficient operation of the Services, or if you engage in activity which is contrary to our policies (as applicable from time to time). For the avoidance of doubt, any unauthorised use of the Services, whatsoever, shall result in automatic termination of these Terms.

  9. Governing law

    These Terms are subject to English law, without regard to its conflict of laws provisions. You consent to the exclusive jurisdiction of the courts of competent located in the jurisdiction (as applicable) in which the member of The Exotix Group providing the Services is located, provided that if there are more than one member of The Exotix Group providing the Services, you consent to the exclusive jurisdiction of the English courts.

    If you wish to learn more about information contained on the Website, you may contact The Exotix Group.

Research Portal Terms and Conditions of use


  1. ACCEPTANCE OF THE TERMS OF USE
    1. These terms of use are entered into by and between you and Exotix Partners LLP (“Exotix Capital”, “our” “we” or “us”). The following terms and conditions (the “Terms of Use”), together with any Order Forms (and any documents they expressly incorporate by reference) (collectively, the “Agreement”), govern your access to and use of Exotix Capital’s Research Portal (www.exotix.com/research), including any content, functionality, and services offered on or through such (the “Portal”), whether as a subscription user or a complimentary user.
    2. Please read the Terms of Use carefully before you start to use the Portal. By using the Portal or by clicking to accept or agree to the Terms of Use when this option is made available to you, you accept and agree to be bound and abide by these Terms of Use and our Privacy Policy, found at https://www.exotix.com/information/privacy-policy/ (the “Privacy Policy”), incorporated herein by reference. If you do not want to agree to these Terms of Use or the Privacy Policy, you must not access or use the Portal.
    3. This Portal is directed to Eligible Counterparties and Professional Clients (as defined in the FCA Handbook) and is not intended for Retail Clients (as defined in the FCA Handbook).
  2. CHANGES TO THE TERMS OF USE  
    1. We may revise and update these Terms of Use from time to time in our sole discretion. All changes are effective immediately when we post them, and apply to all access to and use of the Portal thereafter.
    2. Your continued use of the Portal following the posting of revised Terms of Use means that you accept and agree to the changes. You are expected to check this page from time to time so you are aware of any changes, as they are binding on you.
  3. ACCOUNT SECURITY AND ACCESSING THE PORTAL
    1. Access to the Portal is not automatic, and requires registration. Registration is subject to our approval and shall be granted at our sole and absolute discretion. It is a condition of your use of the Portal that all the information you provide is correct, current, and complete. You agree that all information you provide to register with this Portal or otherwise is governed by the Privacy Policy, and you consent to all actions we take with respect to your information consistent with the Privacy Policy. We reserve the right to immediately disconnect your access to the Portal in the event of a suspected or actual breach of the Agreement.
    2. Your use of the Portal will require a user name and password. You must treat such information as confidential, and you must not disclose it to any other person or entity. You also acknowledge that your account is personal to you and agree not to provide any other person with access to this Portal or portions of it (including material downloaded or printed via the Portal) using your user name, password, or other security information. You agree to notify us immediately of any unauthorised access to or use of your user name or password or any other breach of security. You also agree to ensure that you exit from your account at the end of each session. You should use caution when accessing your account from a public or shared computer so that others are not able to view or record your password or other personal information.
    3. We have the right to disable any user name, password, or other identifier, whether chosen by you or provided by us, at any time in our sole discretion for any or no reason, including if, in our opinion, you have violated any provision of these Terms of Use.
    4. We reserve the right to withdraw or amend the Portal, and any service or material we provide via the Portal (the “Material”), in our sole discretion without notice. We will not be liable if for any reason all or any part of the Portal is unavailable at any time or for any period. From time to time, we may restrict access to some parts of the Portal, or the entire Portal, to users, including subscribed users.
    5. You are responsible for:
      • Making all arrangements necessary for you to have access to the Portal; and
      • Ensuring that all persons who access the Portal through your internet connection are aware of these Terms of Use and comply with them.
  4. INTELLECTUAL PROPERTY RIGHTS  
    1. The Portal and its entire contents, features, and functionality (including but not limited to all reports, financial models, data, data analysis, analytic tools, information, software, text, displays, images, video, and audio, and the design, selection, arrangement and know-how therein and thereof), are owned by Exotix Capital, its licensors, or other providers of such Material and are protected by copyright, trade mark, trade secret, and other intellectual property or proprietary rights laws.
  5. PERMITTED USE
    1. These Terms of Use permit you to use the Portal for your internal business use only. You must not reproduce, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store, or transmit any of the Material, except as follows: 
      • Your computer may temporarily store copies of such Material in RAM incidental to your accessing and viewing such Material;
      • You may store files that are automatically cached by your Web browser for display enhancement purposes;
      • You may print and/or download one copy of each Material for your internal business use, and not for further reproduction, publication, or distribution; or
      • If we provide desktop, mobile, or other applications for download, you may download a single copy of each Material to your computer or mobile device solely for your internal business use, provided you agree to be bound by our end user license agreement for such applications.
    2. You must not:
      • Modify copies of the Material;
      • Use the Material (including text of any kind, graphs, illustrations, photographs, video or audio sequences and graphics) in a manner inconsistent with these Terms of Use; or
      • Delete or alter any copyright, trade mark, other proprietary rights notices or disclaimers from the Material;
    3. If you print, copy, modify, download, or otherwise use or provide any other person with access to any part of the Portal in breach of the Terms of Use, your right to use the Portal will stop immediately and you must, at our option, return or destroy any copies of the Material you have made. No right, title, or interest in or to the Portal or any content on the Portal is transferred to you, and all rights not expressly granted are reserved by Exotix Capital. Any use of the Portal not expressly permitted by these Terms of Use is a breach of these Terms of Use and may violate copyright, trade mark, and other laws.
  6. PROHIBITED USES  
    1. You may use the Portal only for lawful purposes and in accordance with these Terms of Use. You agree not to use the Portal: 
      • In any way that violates any applicable law or regulation;
      • To transmit, or procure the sending of, the Material to those not permitted to receive the Material in accordance with applicable financial services laws and regulations; or
      • To engage in any other conduct that restricts or inhibits anyone’s use or enjoyment of the Portal, or which, as determined by us, may harm Exotix Capital, its affiliates, or users of the Portal or expose them to liability.
    2. Additionally, you agree not to:
      • Use the Portal in any manner that could disable, overburden, damage, or impair the site or interfere with any other party’s use of the Portal;
      • Use any robot, spider, or other automatic device, process, or means to access the Portal for any purpose, including monitoring or copying the Material;
      • Use any manual process to monitor or copy the Material for any other unauthorised purpose without our prior written consent;
      • Introduce any viruses, trojan horses, worms, logic bombs, or other material that is malicious or technologically harmful;
      • Attempt to gain unauthorised access to, interfere with, damage, or disrupt any parts of the Portal, the server on which the Portal is stored, or any server, computer, or database connected to the Portal;
      • Attempt to reverse-engineer the Portal or the Material; or
      • Otherwise attempt to interfere with the proper working of the Portal.
  7. CHANGES TO THE PORTAL  
    1. We may update the content on this Portal from time to time. The Material may be out of date at any given time, and we are under no obligation to update such.
  8. INFORMATION ABOUT YOU AND YOUR VISITS TO THE PORTAL  
    1. All information we collect on this Portal is subject to the Privacy Policy. By using the Portal, you consent to all actions taken by us with respect to your information in compliance with the Privacy Policy.
  9. LINKS FROM THE PORTAL  
    1. If the Portal contains links to other sites and resources provided by third parties, these links are provided for your convenience only. We have no control over the contents of those websites or resources, and accept no responsibility for them or for any loss or damage that may arise from your use of them. If you decide to access any of the third-party websites linked to this Portal, you do so entirely at your own risk and subject to the terms and conditions of use for such websites.
  10. DISCLAIMER
    1. You are required to observe the disclaimers which appear on the Material.
    2. The Material is prepared for information purposes only. No information presented therein does not comprise a prospectus of securities for the purposes of EU Directive 2003/71/EC. Any decision to purchase securities in any proposed offering should be made solely on the basis of the information to be contained in the final prospectus published in relation to such offering. The Material does not form a fiduciary relationship or constitute advice and is not and should not be construed as an offer, or a solicitation of an offer, or an invitation or inducement to engage in investment activity, and cannot be relied upon as a representation that any particular transaction necessarily could have been or can be effected at the stated price.
    3. The information and opinions contained in the Material have been derived from sources believed to be reliable and in good faith or constitute Exotix Capital's judgment as at the date of the Material but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness and any opinions are subject to change and may be superseded without notice.
    4. Past performance is not necessarily a guide to future performance and no representation or warranty, express or implied, is made by Exotix Capital with respect to future performance. Income from investments may fluctuate. The price or value of the investments to which any part of the Material relates, either directly or indirectly, may fall or rise against the interest of investors. Any recommendation or opinion contained in the Material may become outdated as a consequence of changes in the environment in which the issuer of the securities under analysis operates, in addition to changes in the estimates and forecasts, assumptions and valuation methodology used in the Material. 
    5. No part of the Material has regard to the specific investment objectives, financial situation or particular needs of any specific recipient, even if sent only to a single recipient. The Material is not guaranteed to be a complete statement or summary of any securities, markets, reports or developments referred to therein. You should always exercise independent judgment in relation to the securities mentioned in the Material. Neither Exotix Capital nor any of its members, directors, or employees shall have any liability, however arising, for any error, inaccuracy or incompleteness of fact or opinion in the Material or lack of care in the Material’s preparation, publication or distribution, or any losses or damages (whether direct or indirect) which may arise from the use of the Material. 
    6. Exotix Capital and/or its members, directors or employees may have interests, or long or short positions, and may at any time make purchases or sales as a principal or agent of the securities referred to in the Material. Exotix Capital may rely on information barriers, such as “Chinese Walls” to control the flow of information within the areas, units, divisions, groups of Exotix Capital. 
    7. Investing in any non-U.S. securities or related financial instruments (including ADRs) discussed in the Material may present certain risks. The securities of non-U.S. issuers may not be registered with, or be subject to the regulations of, the U.S. Securities and Exchange Commission. Information on such non-U.S. securities or related financial instruments may be limited. Foreign companies may not be subject to audit and reporting standards and regulatory requirements comparable to those in effect within the United States.  The value of any investment or income from any securities or related financial instruments discussed in the Material denominated in a currency other than U.S. dollars is subject to exchange rate fluctuations that may have a positive or adverse effect on the value of or income from such securities or related financial instruments.
    8. Frontier and Emerging Market laws and regulations governing investments in securities markets may not be sufficiently developed or may be subject to inconsistent or arbitrary interpretation or application. Frontier and Emerging Market securities are often not issued in physical form and registration of ownership may not be subject to a centralised system. Registration of ownership of certain types of securities may not be subject to standardised procedures and may even be effected on an ad hoc basis. The value of investments in Frontier and Emerging Market securities may also be affected by fluctuations in available currency rates and exchange control regulations.
    9. Not all of these or other risks associated with the relevant company, market or instrument which are the subject matter of the Material are necessarily considered.
    10. You understand that we cannot and do not guarantee or warrant that files available for downloading from the internet or the Portal will be free of viruses or other destructive code. You are responsible for implementing sufficient procedures and checkpoints to satisfy your particular requirements for anti-virus protection and accuracy of data input and output, and for maintaining a means external to our site for any reconstruction of any lost data.
    11. To the extent provided by law, we will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses, or other technologically harmful material that may infect your computer equipment, computer programs, data, or other proprietary material due to your use of the Portal or any services or items obtained through the Portal or to your downloading of the Material, or on any website linked to it.
  11. LIMITATION OF LIABILITY  
    1. To the extent provided by law, in no event will Exotix Capital, its affiliates, or their licensors, service providers, employees, agents, officers, or directors be liable for damages of any kind, under any legal theory, arising out of or in connection with your use, or inability to use, the Portal, any websites linked to it, any content on the Portal or such other websites, including any direct, indirect, special, incidental, consequential, or punitive damages, including but not limited to, loss of revenue, loss of profits, loss of business or anticipated savings, loss of use, loss of goodwill, loss of data, and whether caused by tort (including negligence), breach of contract, or otherwise, even if foreseeable.
  12. INDEMNIFICATION  
    1. You agree to defend, indemnify, and hold harmless Exotix Capital, its affiliates, licensors, and service providers, and its and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assigns from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys’ fees) arising out of or relating to your violation of these Terms of Use or your use of the Portal.
  13. ASSIGNMENT
    1. These Terms of Use may be assigned in accordance with the provisions of the Agreement.
  14. WAIVER AND SEVERABILITY  
    1. No waiver by Exotix Capital of any term or condition set out in these Terms of Use shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition, and any failure of us to assert a right or provision under these Terms of Use shall not constitute a waiver of such right or provision.
    2. If any provision of these Terms of Use is held to be invalid, illegal or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent such that the remaining provisions of the Terms of Use will continue in full force and effect.
  15. ENTIRE AGREEMENT  
    1. The Agreement constitutes the sole and entire agreement between you and us regarding the Portal and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, regarding the Portal and the Material.
  16. GOVERNING LAW AND JURISDICTION  
    1. All matters relating to the Portal and these Terms of Use and any dispute or claim arising therefrom or related thereto (in each case, including non-contractual disputes or claims), will be governed by and construed in accordance with the laws of England and Wales.
    2. Any legal suit, action, or proceeding arising out of, or related to, these Terms of Use or the Portal will be subject to the exclusive jurisdiction of the English courts.
  17. YOUR COMMENTS AND CONCERNS  
    1. This Portal is operated by Exotix Partners LLP of 1st Floor, Watson House, 54 Baker Street, London W1U 7BU, United Kingdom.
    2. All legal notices in respect of the Portal (and the Material) should be addressed to The Legal Department at legal@exotix.com.
    3. All other feedback, comments, requests for technical support, and other communications relating to the Portal should be directed to: research@exotix.com.