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Terms & Conditions

In general.

This disclaimer applies to this website and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the “Information.”

No offer to purchase or sell.

This Information does not constitute an offer to sell, or a solicitation of an offer to buy any security or other financial, and may not be relied upon in connection with the purchase or sale of any security or other financial product. You are cautioned against using this Information as the basis for making a decision to purchase any such security or other financial product.

Distribution of the Information.

Demeter Capital expressly prohibits any redistribution of the Information without the prior written consent of Demeter. The Information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use is contrary to law, rule or regulation.

No reliance, no update and use of information.

You may not rely on the Information as the basis upon which to make an investment decision. To the extent that you rely on the Information in connection with any investment decision, you do so at your own risk. The Information does not purport to be complete on any topic addressed. The information in the Information is provided to you as of the dates indicated and there is no intention to update the information after its distribution, even in the event that the information becomes materially inaccurate.

No tax, legal, accounting or investment advice.

The Information is not intended to provide, and should not be relied upon for, tax, legal, accounting or investment advice. Any statements of federal tax consequences contained in the Presentation were not intended to be used and cannot be used to avoid penalties under the Internal Revenue Code or to promote, market or recommend to another party any tax related matters addressed herein.

Data Accuracy.

The following information is provided for analytical purposes only. We do not represent that the information is timely, accurate, valid or complete. This information is presented as at November 2015. It is subject to change without notice. It is not our intention to revise or update this information, even if material errors are found. The information may have been redacted in certain aspects to avoid identification of individuals.

Third Party Information.

This information contains data obtained from third parties. This information has not been independently verified by us. Inclusion of information produced by these third parties is not an endorsment by us of their methodologies and is not intended as a recommendation to use their services.


By accepting receipt or reading any portion of the Information, you agree that you will treat the Information confidentially.

Knowledge and experience.

You acknowledge that you are knowledgeable and experienced with respect to the financial and business aspects of the Information and that you will conduct your own independent investigations with respect to the accuracy, completeness and suitability of the Information should you choose to use or rely on the Information, at your own risk, for any purpose. The Information is directed exclusively to eligible counterparties and professional clients and is not for distribution to retail clients as defined by the rules of the U.K. Financial Services Authority.