These Terms were reviewed and updated in February, 2015.

These Terms, as set out below, govern your use and access of this BNP Paribas website (the “Site”).

Please read these terms and conditions (including any disclaimers on the Site) carefully before you start to use the Site. By accessing and/ or using the Site, you indicate that you accept these Terms and that you agree to be contractually bound to abide by them. If you do not agree to these Terms, please refrain from using the Site.

BNP Paribas (“BNPP”) reserves the right to change these Terms at any time. We will do this by updating the wording on this webpage and updating the publication date at the top of this page. You will not necessarily be directly notified of such a change. Therefore, please ensure that you regularly check these Terms so that you are fully aware of any changes or updates.

Information about us

The Site is a website operated by BNP Paribas. The term “BNPP”, “our”, “we” or “us” means BNP Paribas whose registered office is at 16 Boulevard des Italiens, 75009m Paris.

Use

If you act as an employee or on behalf of another person in your access to and use of the Site, you must ensure you are authorised to do so by your employer or such other person. Your access to and use of the Site and your acceptance of these Terms constitute your personal representation and warranty that you are so authorised and that you have the power to bind your employer or such other person to these Terms.

You acknowledge that you have the skills, training and equipment necessary to access and use the Site and the functionality contained within it.

Access to the Site or the retrieval of any information set out on the Site by a user does not mean that the user becomes a client of BNPP.

This Site is comprised of various pages. Some sections or pages may be subject to separate terms, which are supplemental to these Terms. You should ensure you read any additional terms carefully. By accessing and using any page, you agree to be bound by the applicable supplemental terms. In the event of a conflict, the supplemental terms shall take precedence over these Terms.

This Site is designed to be accessed through its principal home pages and such other pages as we may decide. If you access the Site through individual pages directly, which are not designed for this purpose, you may not see important information which is relevant to information on this website. You will be referred on certain site pages to read "Legal information". This Legal Information will contain important details and relevant legal or regulatory information and should be read in conjunction with the relevant Site pages.]

Access to certain parts or functionalities of the Site, or the products and services described on the Site, may be subject to further prohibitions or restrictions which apply in respect of certain people in certain jurisdictions. You should not use or access any part of the Site, to which prohibitions or restrictions apply, if you are not authorised to do so. You may access/ use the Site only for lawful purposes. By accessing and/ or using the Site, you represent and warrant that such access and/ or use in any jurisdiction will not cause you, and/ or will not cause BNPP, to breach any applicable law or regulation; is not fraudulent, manipulative or deceptive; or intentionally causes harm to BNPP or any third party.

The information provided on this Site or in any communication containing a link to this Site is for personal use and information purposes only and the contents have not been prepared with any specific investment objective, financial situation or particular need of any specific recipient in mind.

This Site aims at providing you with information concerning the products and services offered by BNPP. The Site is for consultation only and does not allow transactions of any kind to be completed. The information provided on the Site is not to be construed as: an offer or provision of financial, investment or other professional advice or services in any way; a proposal, or inducement to make investments or to undertake arbitration in securities; an inducement to purchase or sell securities or any other product; advice or a recommendation; and/ or all or part of a contract.

We do not guarantee that the Site, or any content on it, will always be available or be uninterrupted. BNPP reserves the right, in its sole discretion and without notice, to suspend and/ or block access to the Site for breach of these Terms or for any other reason, and/ or to change any part of the Site including, but not limited to, the information contained upon the Site, the functionality of the Site and the layout and look of the Site.

Financial Products/ Services

Information on this Site may constitute a financial promotion or marketing communication. Where any information on this Site constitutes a financial promotion or marketing communication, such information is issued and approved for distribution and use in the European Union by BNPP. Where any information on this website relates to securities, you should note that that information is marketing information only and is not intended to be, nor is it, an offer for sale or subscription of those securities. If information relating to an offer is included on this Site, the Site will normally contain the relevant prospectus or other offering documents setting out the terms of the offer and the securities or links to and/ or other information where the copy of the prospectus or other offering documents is made available. However, we are not under any obligation to keep the Site, or any information on the Site, up to date; therefore the content of the Site may be out of date at any given time. BNPP may discontinue or change any product or service described or offered on the Site, at any time, without notice.

The products/ services described on these pages are not suitable for everyone. Before you invest, you must ensure that you fully understand the potential risks and return of this and/ or any related transaction and determine it is appropriate for you given your objectives, experience, financial resources and other relevant circumstances. Some of these products carry a high degree of risk. It is possible to lose your entire investment. BNPP does not act as an advisor or fiduciary to you. You are responsible for making your own investment decisions. Investors should consider all risks carefully prior to investing in any securities or financial instruments and should consult (as necessary) any independent financial advisers and legal, accounting, tax and other advisers with respect to any investment. Where any opinions are expressed on this Site, they are provided by the BNPP for personal use and for informational purposes only.

The services, products and securities referred to on this Site are intended for use by residents of the country specified on the relevant product page as being the jurisdiction in which such services, products and securities are being offered, and are not aimed at or intended for use by residents of any other jurisdiction. Residents of other jurisdictions should not act on anything in this website. In particular, but without limitation, the services, products and securities referred to on this website are not being offered and are not otherwise available in the United States of America or to U.S. persons.

You acknowledge that market data may be inaccurate, delayed, or incomplete and neither BNPP or its market data suppliers are liable for any such defects.

Any historic price development in respect of a security or financial instrument or of an underlying does not in any way provide a basis for the projection of the future performance and does not in any way constitute a guarantee of their future performance and price development. The values and prices set out on this Site in relation to a particular security or financial instrument or of an underlying may not reflect the value or price available in the respective market at the time a user intends to purchase or sell a particular security or currency. Values and prices set out on this Site do not take into account the size of the transaction. The value and income of any products mentioned in this website can fall as well as rise and an investor may get back less than he invested or lose the entire investment. This Site contains certain "forward looking statements" which can be identified by the use of forward-looking terminology such as "expect", "estimate", "project", "anticipate", "should", "intend", "plan", "probability", "target", "goal", "objective", "will", "endeavour", "outlook", "optimistic", "prospects" and similar expressions or variations on such expressions. The forward-looking statements contained in this website speak only as of the date of the related document, and the BNPP and its group members do not undertake to update any forward looking statement to reflect events or circumstances after the date hereof.

The information contained in this Site is subject to, and must be read in conjunction with, all other publicly available information, including, where relevant any fuller disclosure document published by BNPP. In particular, the terms of any product are governed by applicable documents establishing such terms. In the event of any inconsistency between the information on the Site regarding a particular security and the terms specified in, or determined pursuant to, the documents establishing the terms of issue or contract, the terms so specified or determined shall prevail. Any person at any time acquiring the securities must do so only on the basis of such person's own judgement as to the merits of the suitability of the securities for its purposes and only on such information as is contained such in public information having taken all such professional or other advice as it considers necessary or appropriate in the circumstances and not in reliance on the information contained herein. In particular, BNPP does not provide tax advice. Investors should consult their own tax advisors regarding the tax consequences of any securities mentioned on the website. Levels and bases of taxation may change. The information is not tailored for any particular investor and does not constitute individual investment advice.

Linking, viruses, hacking and other offences

You must not establish a link to any part of the Site in any other website, unless you have BNPP’s prior written consent to do so. The Site should not be framed on any other website.

You must not misuse the Site by knowingly introducing viruses, trojans, worms, logic bombs, spyware or any other material which is malicious or technologically harmful. You must not attempt to gain unauthorised access to the Site, the server on which the Site is stored or any server, computer or database connected to the Site. You must not attack the Site via a denial-of-service attack or a distributed denial-of-service attack.

It should be noted that it is a criminal offence to access or remain fraudulently in a computer system, to hinder or distort the functioning of such system, or to introduce data to or modify fraudulently the data in a computer system. We will report any such breach to the relevant law enforcement authorities and we will cooperate with those authorities by disclosing your identity to them. In the event of such a breach, your right to use our site will cease immediately.

If you act as an employee or on behalf of another person in your access to and use of the Site, you shall comply with any security measures implemented by your employer or such other person in order to protect the Site, and any systems or materials accessible through the Site, against unauthorised access, alteration, destruction, corruption or loss.

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 Site or to your downloading of any material posted on it.

Intellectual Property

BNPP and/ or its licensors own all of the items that make up the Site, particularly the information, data, designs, graphics, photographs, audio recordings and video recordings. The information held on this Site is for your own personal and/ or internal business use only. The information and other material on the Site may not be reproduced, represented, distributed or transmitted to any other person by any means whatsoever, whether in whole or in part, without the prior express authorisation of BNPP. Any such action would constitute an infringement of rights and BNPP may take appropriate legal action to enforce its rights.

The content on the Site may not be taken out of context or presented in an inaccurate, misleading, unfair or discriminatory way.

All trademarks (whether registered or unregistered) used on the Site are the property of BNPP or its licensors. The trademarks may not be reproduced or used in any way, whether in whole or in part, without the prior authorisation of BNPP.

You agree not to remove any copyright notice or other notice signifying BNPP’s or any other third party’s intellectual property rights.

Except as expressly provided herein, nothing in these Terms or contained on the Site shall be deemed or construed to grant any licence or right, expressly, by implication or otherwise of any BNPP intellectual property rights.

Liability

These ‘Liability' provisions should be read carefully as they exclude or limit our legal liability in connection with your use of this Site. Nothing in these Terms shall exclude or limit any person's liability to the extent it is not permissible under applicable law, including without limitation, including for (a) death or personal injury caused by its negligence, or (b) fraud.

To the extent permissible by applicable laws and/ or regulations neither BNPP nor any of its group members, agents, licensors or delegates or its or their directors, officers or employees will be liable for any Losses (as defined below), including, but not limited to Losses incurred or suffered by you directly or indirectly in connection with:

• your access to, use of or inability to access or use, the Site (whether in whole or in part and whether or not within the control of BNPP);
• your use of or reliance on any content displayed on the Site;
• the suitability or otherwise of the Site or the information upon the Site for any particular purpose;
• any delay, error or omission regarding the contents of the Site;
• any information provided being corrupted, wrong or inaccurate; or
• the acts or omissions of you or any third parties, including, but not limited to, the act or omissions of third parties in making the Site and providing information to be used on the Site.

For the purposes of these Terms, Loss shall mean “loss, damage or expense whether direct or indirect, including any loss of profit, loss of revenue, loss of anticipated savings, loss of opportunity, loss of contract, loss of goodwill, loss of reputation, loss of fees, increased cost of working, any indirect or consequential loss, or any loss resulting from liability to any other person (and in each case whether the foregoing arise in contract, tort, negligence or otherwise)”.

You agree that the exclusions and limitations set out in these Terms are reasonable in light of the nature of the Site and the technology used to underpin the Site (including that the internet is not a completely reliable transmission medium).

YOU EXPRESSLY ACKNOWLEDGE AND AGREE THAT THE SITE IS PROVIDED ON AN “AS IS” BASIS AT YOUR SOLE RISK. SAVE AS EXPRESSLY SET OUT IN THESE TERMS, BNPP DOES NOT MAKE ANY WARRANTY, REPRESENTATION OR OTHER ASSURANCE, EXPRESS OR IMPLIED, TO YOU CONCERNING THE SITE AND ALL WARRANTIES, REPRESENTATIONS OR OTHER ASSURANCES, WHETHER ARISING UNDER STATUTE OR OTHERWISE, AS TO THE USE OF OR ACCESS TO THE SITE WITH RESPECT TO QUALITY, ACCURACY, COMPLETENESS, RELIABILITY, TIMELINESS, PERFORMANCE, NON-INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS, TITLE, CURRENCY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, CONTINUED AVAILABILITY, SECURITY OF INFORMATION TECHNNOLOGY, ABSENCES OF VIRUSES OR DAMAGING OR DISABLING CODE OR OTHERWISE, ARE HEREBY EXCLUDED TO THE MAXIMUM EXTENT PERMISSIBLE.

External websites

The Site may contain links to third party websites not controlled by BNPP. These websites, and the products and services contained on such websites, are not endorsed by BNPP and BNPP has not verified the truth, accuracy, authenticity or reliability of the content of any such sites. You use such websites entirely at your own risk and BNPP shall have no liability in respect of the content, use or availability of external sites that you are able to access through the Site.

This Site may contain material provided by third parties. BNPP accepts no responsibility or liability for the accuracy, authenticity or reliability of such material.

No third party is permitted to link any website to this Site without BNPP’s prior written consent.

Confidentiality

The internet and emails may not be a suitable way to send confidential information as such communications may not be secure. BNPP therefore recommends that you do not use this means of transferring confidential information, unless additional security methods, such as encryption technology, are adopted. BNPP does not accept any responsibility for any confidential information sent to us via the internet, email or the Site.

Privacy and Cookies

BNPP may process your personal data as part of and/ or in connection with your use and access of this Site. This may include using cookies or similar technology to collect information about your use of the Site.

For more information on how BNPP collects and uses your personal data, please see our Privacy Policy. For more information on how BNPP uses cookies, please see our Cookies Policy. The Privacy Policy and Cookies Policy are also available from the link on the bottom right of our homepage. By accessing and/ or using the Site you acknowledge that you have been informed that cookies are used on this website and consent to BNPP processing your personal data and using cookies, as set out in our Cookies Policy. You agree that if you choose not to permit BNPP to use and store cookies on your computer or device, you will need to alter your internet browser settings so that cookies are not permitted. You accept that rejecting BNPP cookies in this way may mean that parts of the Site may not function properly or be accessible.

If you wish to view, update or modify any of your personal data we store, or you would like us to stop processing any of your personal data which we hold, subject to applicable law, you can make such a request by writing to the following address: data.protection@uk.bnpparibas.com, or to the Data Protection Officer, IT Security, BNP Paribas London Branch, 10 Harewood Avenue, London NW1 6AA. We will process your request within the time prescribed by applicable law. If you request access to the personal data we store on you, we reserve the right to charge an appropriate fee, if applicable.

Choice of law

These terms shall be governed by English law and you agree that the English courts shall have exclusive jurisdiction to determine any matter or dispute arising out of or in connection with this Site or these Terms. If for any reason, a competent court finds any part of these Terms invalid, unlawful or unenforceable to any extent, BNPP shall delete the relevant part from the Terms and the remainder of the Terms shall continue to be valid and enforceable to the fullest extent permitted by English law.

These Terms together with any supplemental BNPP website terms shall contain the entire agreement and understanding of the parties, and supersede all prior agreements, understandings or arrangements in relation to this Site.

You will be able to download, print and store a copy of these Terms for your personal use only. These Terms may not be used or copied for any business or other purpose.

General

Copyright BNP Paribas 2015. All rights reserved.