Website conditions of use

1. Agreement
By accessing, the website of Valeur Fiduciaria SA (“the Valeur website” or “this website”), you confirm that you have read and understood the following important legal information, disclaimer and conditions of use (“conditions of use”) and that you agree to be legally bound by these conditions of use. If you do not agree to these conditions of use, do not proceed to further web pages of this website.

Valeur Fiduciaria SA (“Valeur”) may amend these conditions of use at any time without notice. You should therefore check this webpage each time you access the Valeur website to review the current conditions of use because they are binding on you.

Access to and use of this website as well as the conditions of use are governed by Swiss law. The place of jurisdiction is Lugano.

2. Local legal restrictions
The Valeur website and the services described herein are not available to or directed towards any person located in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the publication/availability of this website and the services described are not permitted under local law or where Valeur is not registered or licensed to do business. Persons in respect of whom such prohibitions apply must not access the Valeur website.

3. No Offer
The information contained on this website is for informational purposes only and does not constitute any form of promotion, offer, recommendation or solicitation to buy or sell any investment instruments or securities, effect any transaction or to conclude any other legal act of any kind whatsoever.
The investment instruments and services described herein may not be eligible for sale or available to residents of certain countries or certain categories of investors.

4. No Advice; No Client Relationship
Nothing contained on the Valeur website constitutes investment, legal, tax, financial or other advice. You may not rely on the information on this website, including any documents downloaded from this website, as investment advice. You should not base any investment decision on the information or opinions expressed on this website. The materials available on this website are not tailored to particular investment objectives, financial situation or particular needs of any specific person. You should consult with an expert in the appropriate field before deciding to take any specific action. Nothing on this website shall create a client relationship with you and Valeur. You may become a client of Valeur only upon entering into a signed, written agreement between you and Valeur.

5. No Warranty; No Liability
The information published and opinions expressed on this website are subject to change at any time without notice. Valeur makes no representation or warranty (whether express or implied) that the information published on this website or linked to on this website is accurate, reliable, up-to-date or complete. Valeur is under no obligation whatsoever to update or remove outdated information or links from this website or to mark them as being outdated.
The content of this website has been prepared by Valeur based on assumptions and parameters determined by it in good faith. The assumptions and parameters used are not the only ones that might reasonably have been selected and therefore no guarantee is given as to the accuracy, completeness or reasonableness of any such quotations, disclosure or analyses. A variety of other or additional assumptions or parameters, or other market factors and other considerations, could result in different contemporaneous good faith analyses or assessments.
Information available on the Valeur website, such as financial market data, price data, reports, research and other financial information generally is based on sources that are considered to be reliable, however, the information and materials contained on this website are provided "as is" and "as available". Valeur does not make any representation or warranty, either express or implied, as to quality, non-infringement or fitness for a particular purpose.
No warranty is given that Valeur website will operate error free or without interruption, that any faults will be corrected, or that the Valeur website and servers will be free of viruses, worms or other harmful components. Valeur disclaims all liability for any tampering with the internet user’s computer system by unauthorized parties. In this regard, Valeur expressly reminds of the risk of viruses, and the possibility of targeted attacks by hackers. In order to combat viruses, it is recommended that the most recent browser versions be used, and that anti-virus software be installed and continually updated. As a rule, the opening of any e-mail from an unknown source as well as any unexpected attachment to an e-mail message should be avoided.

To the maximum extent permitted by current laws and/or regulations, Valeur, including its directors, agents, employees, sub-contractors and partners expressly disclaims any and all responsibility or liability for any loss or damage of any kind, including any direct, indirect or consequential damages, which might be incurred through the use or access to this website, or any links to third party websites.

6. Electronic Communication (E-Mail)
Electronic communication sent over the Valeur website as well as ordinary e-mail messages sent over the internet are neither confidential nor secure. They may be viewed by third parties, lost, intercepted or altered and may circulate across national borders, even if both sender and recipient are located in the same country.
Unless explicitly stated otherwise, Valeur does not accept any orders or instructions sent by e-mail or any other electronic messaging system.
For your protection, please do not include account numbers, credit card numbers, passwords, or other non-public information in your e-mail. Do not click on any links in a suspicious e-mail. Clicking on such a link may cause the download of key logging or “spyware” software on your computer. Use up-to-date anti-virus software, spam filters and anti-phishing software.
Valeur shall not be liable to you or anybody else for any damages incurred in connection with any messages sent to Valeur using ordinary e-mail or any other electronic messaging system.

7. Performance and Risk Considerations
Past performance should not be taken as an indication or guarantee of future performance. The future performance of an investment cannot be deduced from previous market value, i.e. the value of an investment may fall as well as rise. An investment may also lose value due to changes in rates of foreign exchange. Certain investments are subject to high volatility, and may experience sudden and large falls in their value. Investing entails risks, including possible loss of principal. Valeur cannot guarantee that any capital invested will maintain or increase in value.

8. Material interests
Valeur and/or its board of directors, executive management, partners and employees may have or have had interests or positions in, or traded in securities referred to herein. Furthermore, such persons may have or have had a relationship with or may provide or have provided corporate finance or other services to or serve or have served as directors of companies referred to on this website.

9. Linked websites
The Valeur website may contain links to third party websites and information provided by them. These links and contents are supplied solely for your convenience. Valeur has no control over the content of such third party websites and accepts no responsibility or liability for the accuracy, completeness and legality of the contents or for any offers and services contained.

10. Use of the Valeur website
The entire content of the Valeur website is subject to copyright with all rights reserved. You may save or print out a hard copy of individual pages and/or sections of the Valeur website, provided that you do not remove any copyright or other proprietary notices. With any saving or otherwise copying from the Valeur website the conditions of use shall be deemed to have been accepted. All property rights shall remain with Valeur. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the Valeur website without the prior written permission of Valeur.

11. Severability Clause
To the extent that any provision of these conditions of use is found by any competent court or authority to be invalid, unlawful or unenforceable in any jurisdiction, that provision shall be deemed not to be part of these conditions of use but such finding shall not affect the validity, lawfulness or enforceability of the remainder of these conditions of use in that jurisdiction, nor shall it affect the validity, lawfulness or enforceability of these conditions of use in any other jurisdiction.

© 2017 - Valeur Fiduciaria SA - all rights reserved.