These terms and conditions of use govern your use of the Daily Market News site, currently located at http://dmn.tullettprebon.com/ (the "Site"). By accessing this Site, you agree to these terms of use. You are therefore encouraged to print out a copy of these terms for your records. You should re-read these terms every time you access the Site as they are subject to change from time to time and any such change shall take effect as soon as it is posted on the Site.

Daily Market News is published and approved by Tullett Prebon (UK) Limited ("TPUK") which is authorised and regulated by the Financial Services Authority. TPUK is part of the Tullett Prebon group of companies.

This Site has been designed for information purposes only and is intended for the sole use of professional, non-private, clients.

Registration and Password

TPUK reserves the sole and absolute discretion to add, withdraw or otherwise modify the services offered on this Site. TPUK also reserves the right to grant different users of this Site different privileges e.g. only registered subscribers shall have access to certain areas of the Site and the level of access will depend on the type of subscription.

You agree and represent and warrant to TPUK that you will not disclose the user name and/or password that we supply to you to any third parties or use your user name and/or password for any purpose not expressly authorised in these terms. You agree that it is reasonable for you to take sole and exclusive responsibility for any and all actions resulting from the use of your user name and password.

Worldwide Dealing Restrictions

The information, articles, analysis, opinions, estimates, projections, assumptions, illustrations, strategies and conclusions provided on this Site (collectively the "Material") are not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject TPUK to any registration requirement within such jurisdiction or country. TPUK makes no representations that the Material on this Site is appropriate or legal for use in any particular location, or by any particular investors or counter-parties.

Site Content

The Material provided on this Site should not be construed as financial, business or other advice and is not intended for credit, investment or other evaluation. The Material does not constitute an offer or invitation to subscribe for securities, shares or other investment, and should not be regarded as a recommendation. Past performance is not a guarantee of future results.

Disclaimer of Warranty and Limitation of Liability

The use of this Site is at your own risk. TPUK assumes no responsibility for, and to the fullest extent permitted by law makes no warranties that, functions contained on this Site will be uninterrupted or error-free, or that any defects will be corrected. Neither TPUK nor any of its directors, officers or employees shall have any liability or responsibility whatsoever arising from your access to, inability to access, or use of this Site or its contents.

The Material contained on this Site has not been independently verified. TPUK is not obliged to review the Information or the financial condition, accuracy or correctness of its subject topic at any time or to advise of any additional information coming to its attention at any time. Any opinion expressed or assumption made in association with the Material is a reflection of TPUK's (or the acknowledged author's) judgement at the time of compiling the Material, does not constitute advice and is subject to change.

The contents of this Site are provided "AS IS" and, to the fullest extent permitted by the applicable law, are provided without warranty of any kind or responsibility either expressed or implied, including (without limitation) any warranty or responsibility as to, of, or for:

(a) merchantability or fitness for a particular purpose whether related to the Material or otherwise;

(b) the content, quality, suitability, accuracy, reliability, validity, correctness, completeness or timeliness of the Material;

(c) any decision made or action taken or not taken in reliance of the Material or following the use of this Site.

TPUK shall not be liable, to the fullest extent permitted by the applicable law, for any harm caused by any error, inaccuracy, omission, delay, failure of performance, inability to access, interruption, computer failure or transmission of a computer virus or similar device, or unauthorised access to, or alteration of the Material, in any way relating to or arising out of the use or attempted use of this Site.

Ownership of Site and Copyright

TPUK owns and maintains this Site and, save where otherwise acknowledged, the displays on it. The domain name, trade marks and logo are protected by intellectual property laws. All rights reserved. Nothing on this Site shall be construed as granting any copyright, trade mark, design right, database right or any other intellectual property or proprietary rights in or license to use the site, or any part of the design or layout of the Site.

The contents of this Site may not be reproduced, transmitted, displayed, distributed, published or otherwise commercially exploited without the prior written consent of TPUK (or in the case of Material not owned by TPUK, the prior written consent of the relevant owner), save that you may print or download to a local hard disk extracts from these pages for your personal use only.

Anything that you transmit to this Site becomes the property of TPUK and may be used by TPUK for any lawful purpose, and may be subject to disclosure as deemed appropriate by TPUK, including to any legal or regulatory authority of competent jurisdiction.

Linked Sites

Links from this Site to other Web sites controlled by third parties are provided only as a convenience. Linking to any such site is entirely at your own risk. TPUK assumes no responsibility for the content of any linked site or any link contained therein and does not approve or endorse any linked site.

Governing Law

These terms shall be governed by and construed in accordance with English law and both parties submit to the exclusive jurisdiction of the English courts.

You shall comply with all applicable laws, statutes, ordinances and regulations regarding your use of the Site.


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