|Terms And Conditions|
TERMS AND CONDITIONS
These Terms and Conditions (the “Terms”) govern the services provided to clients by Direct Hedge Fondsmæglerselskab A/S (“Direct Hedge”), including access to and use of Direct Hedge’s website (www.DirectHedge.com, the "Website").
These Terms are applicable from 6 October 2010. The Terms may be updated by Direct Hedge from time to time without notice to clients. The prevailing version of the Terms is always available at the Website.
Questions about these Terms should be directed to Direct Hedge-mail: Info@DirectHedge.com.CLIENT CLASSIFICATION
In compliance with the European Directive 2004/39/EC of 21 April 2004 on markets in financial instruments (MiFID) and the implementation into Danish legislation, including the Danish Executive Order on Investor Protection in connection with Securities Trading (the “Order”), clients are classified into three main categories: Eligible Counterparties, Professional Customers and Retail Customers.
Direct Hedge only provide services to 1) clients, who are Eligible Counterparties as defined in Annex 2 with the Order, or 2) clients, who are Professional Customers as defined in Annex 1 with the Order, and have requested to be treated as an Eligible Counterparty, cf. sec. 4(3) of the Order.
DIRECT HEDGE does not make investment recommendations. The information on the Website is provided solely to enable investors to make their own investment decisions and should not and cannot be regarded as a recommendation to buy, sell, or otherwise deal with any particular product and/or investment. The products, investments, and investment services to which this Website refers may not be suitable for all investors. Investors with any doubts should seek advice from an independent financial adviser.USE OF THE WEBSITE
This Website is not intended for distribution to, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services, products, or investments referred to in this Website are available to persons resident in any country where the provision of such services, products or investments would be contrary to local law or regulation. DIRECT HEDGE´s services are only available to individuals and companies who can form valid and legally binding contracts under applicable law. Neither bidders nor sellers may manipulate the price of any product nor may you, or anyone who may gain access, in any way, through you to other pages on this Website, interfere with other user's bids or offers. If any of your transactions cannot be settled in a timely fashion, you hereby acknowledge and agree that DIRECT HEDGE is authorized to take any reasonable actions to minimize its risks and possible losses.Registration and user ID
It is your sole and exclusive responsibility to ensure that the information you provide us in the registration process is kept up to date, especially regarding changes to authorized trading personnel, postal and e-mail addresses, and contact telephone numbers. If there are any changes to this information, please contact DIRECT HEDGE at the telephone number listed above or contact us via e-mail at Geneva@DirectHedge.com. Note that you shall remain responsible and liable for any transactions’ entered into by unauthorized trading personnel prior to your having informed DIRECT HEDGE that they are no longer authorized.Limitations on Your Use of the Website
You may not reproduce, duplicate, copy, sell, or otherwise transfer or commercially exploit the Website (or any portion of it), unless you have DIRECT HEDGE's express written permission to do so. You may only use the Website in accordance with the terms of this User Agreement, any other terms applicable to the various features of our site and all applicable laws, rules, and regulations. In the event DIRECT HEDGE (a) believes that you have failed to comply with all terms applicable to your use of the Website or any documents it incorporates by reference; (b) is unable to verify or authenticate any information you provide to it; or (c) believes, in its sole discretion, that your actions may cause legal liability for you, other Website users, or DIRECT HEDGE, you agree that DIRECT HEDGE has the right, in its sole discretion and without notice, to terminate your User ID, deactivate or delete your DIRECT HEDGE account and all information and files in your account, and prohibit you from accessing your account. DIRECT HEDGE may also, in its sole discretion and at any time, discontinue the Website, or any part thereof, with or without notice. You agree that you do not have any rights in the Website and that DIRECT HEDGE will have no liability to you if the Website is discontinued or your ability to access the Website is terminated.License to DIRECT HEDGE
You grant to DIRECT HEDGE a perpetual, irrevocable, world-wide, non-exclusive, transferable, royalty-free right to use all information and materials that you submit to the Website as necessary and appropriate to effectuate any transaction entered into by you on the Website, including the right to exercise copyright and publicity rights, in any media, in connection with the Website for such purpose.Links
You acknowledge and agree that:
YOU AGREE THAT DIRECT HEDGE SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, INCLUDING, BUT NOT LIMITED TO, DAMAGES FOR LOST PROFITS OR LOSS OF GOODWILL, USE, OR DATA (EVEN IF DIRECT HEDGE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), THAT RESULT FROM: (a) YOUR USE OF OR INABILITY TO USE THE WEBSITE; (b) THE COST YOU INCUR TO PROCURE GOODS AND SERVICES TO SELL THROUGH, OR SUBSTITUTE FOR ANY GOODS OR SERVICES YOU PURCHASED OR ACQUIRED THROUGH, THE WEBSITE; (c) ACCESS TO OR ALTERATION OF YOUR PERSONALLY-IDENTIFIABLE INFORMATION OR OTHER INFORMATION IN AN UNAUTHORIZED MANNER; (d) REPRESENTATIONS OR CONDUCT OF ANY THIRD PARTY RELATED TO THE WEBSITE, INCLUDING OUR ADVERTISERS AND BUSINESS PARTNERS; OR (e) ANY OTHER MATTER RELATING TO THE WEBSITE.INDEMNIFICATION
You agree to fully indemnify and hold DIRECT HEDGE and its associated companies, affiliates, officers, directors, agents, and employees, harmless from any third-party claim or demand, including reasonable attorneys' fees, due to or arising out of your breach of this Agreement or the documents it incorporates by reference, or your violation of any law or the rights of a third party. For the purpose of this paragraph, the words "you" and "your" also include anyone who may gain access, in any way, through you to these or other pages on this Website.INTELLECTUAL PROPERTY RIGHTS
All trademarks, copyrights, and other intellectual property rights in and to this Website are and shall be exclusively owned by DIRECT HEDGE. Without limiting the generality of the foregoing, all trademarks, slogans, logos, and product and service names used on this Website are trademarks owned by DIRECT HEDGE. You agree not to display or use such trademarks, in any manner, without the written permission of DIRECT HEDGE. Trademarks and trade names of third parties are the property of those third parties, and are used by DIRECT HEDGE subject to license or the fair use provisions of U.S. trademark law.
The content that DIRECT HEDGE provides on the Website, including, but not limited to, text, graphics, images, and logos, is owned by either DIRECT HEDGE or the party that has provided the content to us and is protected by U.S. and international copyright laws. DIRECT HEDGE is the sole and exclusive owner of its compilation of this content on the Website, and this compilation is also protected by U.S. and international copyright laws. Unauthorized copying of any of this content could lead to copyright infringement. If you are a copyright owner and you believe that your work has been copied on the Website in a way that constitutes copyright infringement, please e-mail us at Info@DirectHedge.comNOTICES AND COMMUNICATIONS
Any notices related to this User Agreement should be sent by e-mail (a) if to DIRECT HEDGE, to Info@DirectHedge.com ; and (b) if to you, to the e-mail address you provided to us when you registered. Notice will be deemed given 24 hours after the e-mail was sent, unless the sending party receives notice that the e-mail was undeliverable. DIRECT HEDGE may however, in its sole discretion, use or require such other means of communication or delivery, as it deems appropriate. Please do not assume that any order has been executed or cancelled by DIRECT HEDGE until you have received a transaction confirmation from DIRECT HEDGE.GENERAL
You agree that this User Agreement describes the entire agreement between us with respect to its subject matter. The Website is operated under the laws of Denmark and its will control the terms and conditions provided in this User Agreement, without giving effect to any principles of conflict of laws. Any dispute arising out of or in connection with the Terms, including any disputes regarding the existence, validity or termination thereof, shall be settled by arbitration arranged by The Danish Institute of Arbitration in accordance with the rules of arbitration procedure adopted by The Danish Institute of Arbitration and in force at the time when such proceedings are commenced. You agree that regardless of any applicable law to the contrary, you cannot file a claim or cause of action arising out of or related to the Website or this User Agreement more than one (1) year after such claim or cause of action arose.