NOMURA
GLOBAL RESEARCH PORTAL: IMPORTANT NOTICES,DISCLAIMERS
AND TERMS OF USE
This site, go.nomuranow.com/research/globalresearchportal
(the 'Global Research Portal'), and/or any
other Nomura web sites and any content which is available through the Global
Research Portal, are provided by members of the Nomura Group. Please note that
Nomura has prepared a Global Research Portal for customers in Japan ć»please see
Japanese Global Research Portal. This version of the Global
Research Portal is not for use by customers in Japan.
All
references in these terms and conditions to 'Nomura Group' are references to Nomura Holdings, Inc. and
any company controlled, directly or indirectly, by it. including Instinet Incorporated and its subsidiaries.
INFORMATION PURPOSES ONLY
The Global
Research Portal has been prepared solely for information purposes, and is not
an offer to buy or sell, or a solicitation of an offer to buy or sell, any
security, product, service or investment, save that certain applications
accessible through the Global Research Portal allow registered users to enter
into transactions and different applications accessible through the Global
Research Portal may be subject to further usage terms. The Global Research
Portal and information accessed through it do not constitute investment advice.Independent advice should be sought where
appropriate.
All
information and opinions expressed are subject to change without notice.
THIS
SITE IS NOT FOR NON-ELIGIBLE INVESTORS OR FOR USE IN JAPAN
The Global
Research Portal is only for professional investors and such other investors whose
access to and use of this Global Research Portal has been approved by Nomura
and will not be in breach of applicable laws or regulations applicable to
Nomura in the relevant jurisdiction. Other investors
should not access or use the Global Research Portal. Users in Japan should not use this Site, but use the Japan version of this Portal at Japanese Global
research portal.
NO
RELIANCE
While
Nomura has used information sources it believes to be reputable, neither Nomura
nor any other person guarantees or gives any warranty as to the accuracy,
timeliness or completeness of any information or material at this Global
Research Portal. You should use your own judgment when evaluating information
through the Global Research Portal and should not rely on the Global Research
Portal or information received through it when making investment decisions.The information and facilities accessible
through the Global Research Portal are not tailored for your specific needs.
DISCLOSURE
OF NOMURA INTERESTS
Nomura, its
shareholders, directors, officers and employees may make a market or deal as
principal in the securities, commodities or instruments mentioned in materials
at the Site or in options or other derivative instruments based thereon. In
addition, any member of the Nomura Group, or individual within a Nomura Group
company, may from time to time have long or short positions in such securities
or in options, futures or other derivative instruments based thereon. Any
member of the Nomura Group, or individual within a Nomura Group company, may be
a director of the issuer of the securities mentioned at the Site. Any member of
the Nomura Group may have managed or co-managed a public offering of, or acted
as initial purchaser or placement agent for a private placement of, any of the
securities of any issuer mentioned at the Site. Any member of the Nomura Group
may from time to time perform investment banking or other services for, or
solicit investment banking or other business from the aforementioned companies.
RESEARCH
Please read
the additional notices on pages relating to research on the Portal.
You
are referred to the disclosure information on companies covered by Nomura
analysts available at http://go.nomuranow.com/research/globalresearchportal
under the 'Disclosures' link. Please contact us if
you require more information on this disclosure information.
Nomura
produces a number of different types of research product including, amongst others,
fundamental analysis, quantitative analysis and short term trading ideas;
recommendations contained in one type of research product may differ from
recommendations contained in other types of research product, whether as a
result of differing time horizons, methodologies or otherwise; it is possible
that individual employees of Nomura may have different perspectives to research
publications on the Portal.
NO
WARRANTY
The materials at this Site are provided 'as is' without warranty of any kind, either
express or implied. To the fullest extent permissible, all warranties,
representations and other assurances are hereby excluded, including but not
limited to any implied warranties of merchantability, satisfactory quality or
fitness for a particular purpose. Nomura further makes no warranties that
functions contained at this Site will not be interrupted or Will be error-free
or that defects will be corrected, and nomura accepts no responsibility or
liability whatsoever in connection therewith.
To the maximum extent permissible, in no event will Nomura be liable
to you or any third party for any direct, special, indirect, consequential,
incidental damages or any other damages of any kind even if Nomura has been
advised of the possibility thereof.
SECURITY
The security, timeliness and accuracy of electronic
communications can never be guaranteed. You must keep any password, login or
other security device/data ('Password') which we provide to you confidential and
not allow others to use your Password. You must inform us immediately if you
believe that the security of your Password has been compromised. We may rely
upon any communication which appears to have been sent by you as having been
duly authorised by you.
LOCAL
LAWS AND REGULATIONS
You may not
access the Portal unless you are
permitted to do so under the laws and regulations applicable in your location.
The Portal is not directed at any person in any jurisdiction where for any
reason the publication or availability of the Portal is prohibited.
Nomura does
not represent that (i) any of the materials at this Site; (ii) any investment
services that may be available on this Site; or (iii) anything else on this
Site, are appropriate for use or permitted by local laws in all jurisdictions.
INTELLECTUAL
PROPERTY
You may not
copy, reproduce, recompile, decompile, disassemble, reverse engineer,
distribute, publish, display, perform, modify, upload to create derivative
works from, create derivative works from, transmit, or in any way exploit any
part of the Portal, unless the relevant part of the Portal explicitly permits
you to do so. You must comply with additional notices posted on the Portal.
Additionally,
you may not offer any part of the contents of the Portal for sale or distribute
such part over any medium, including, but not limited to, distribution by
television or radio broadcast, or distribution on a computer network. You may
not make any part of the Portal available as part of another site, whether by
hyperlink framing on the Internet or otherwise. The Portal and the information
contained therein may not be used to construct a database of any kind. Nor may
the Portal be stored (in its entirety or in any part) in databases for access
by you or any unauthorised third party or to distribute any database sites
containing all or part of the Portal.
'Nomura','Nomura Now','TradeSpex','ModelEx'and other product names
accessed on this portal are trade marks of Nomura.
VALUATIONS
Any
valuations and other data accessed through the Portal are indicative and may be
based on historical data and should not be substituted for information derived
from real-time market data. These valuations or other data may differ
substantially from firm valuations and are not a commitment by Nomura to enter into
any transaction. They may not reflect Nomura's internal theoretical valuation
models and may vary significantly from indicative valuations available from
other sources. There may be certain factors that have not been assessed for the
purposes of these valuations that may substantially affect a stated valuation.
While Nomura has obtained the information on which these valuations are based
from sources that it believes to be reliable, Nomura makes no representations
or warranties with respect to any indicative valuations. Past performance is no
guarantee as to future results.
LINKS
TO AND FROM THE SITE
Third party
sites or pages that are linked to this Site are for information purposes only
and have not been reviewed or verified by Nomura. Nomura has no responsibility
for the content of such sites or pages linked to or from this Site and no
endorsement of any such sites or pages or of their content is implied. Following links to
or from any other sites or pages shall be at your own risk.
PRIVACY
POLICY
Please click
here to see our
privacy policy.
By accessing
the Portal, you agree that Nomura may disclose any information as may be
collected from you to any Nomura Group company or any third party providing
services to Nomura or to any regulatory body or competent authority.
CONTACT
INFORMATION
Information
on Nomura entities may be viewed at: http://www.nomuraholdings.com/company/group/
Persons in the EU should contact
Nomura International plc,1 Angel Lane, London EC4R 3AB (telephone +44 20 7102 1000), which is incorporated in England with company number 01550505. Nomura International plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, with firm reference number 124422. VAT Reg No: GB 447 2492 35
Otherwise, please contact the Nomura
Group entity from which you are granted access to this Site.
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