primeSelector produces independent, objective and comparable information for more than 15’000 listed companies. The relevant information is collected worldwide from sources such as Thomson Reuters and is processed by means of mathematical algorithms. Due to this technical approach, primeSelector generates automated ratings which are fact based, reducing the human factor significantly. The ratings ("PRIME Ratings") are provided to persons who register for primeSelector at their own initiative (each person hereinafter the "Subscriber"). By accessing the primeSelector Website you agree to be legally bound by these terms of use ("Terms of Use"). If you do not agree to these Terms of Use, please do not further proceed on the primeSelector Website. Your acceptance to these Terms of Use will be recorded by Banque Cramer & Cie SA (“Banque Cramer”).

Access Subject to Local Restrictions

primeSelector is not intended for persons who, due to their nationality or place of residence, place of business, or for any other reasons are not permitted to receive such information under local law. Neither PRIME Ratings nor any copy thereof may be sent or taken into the United States or Canada or distributed in the United States or Canada, or to any US persons. The same applies in any other jurisdiction except where compliant with the applicable law.

Non-application of Directives on the Independence of Financial Research

PRIME Ratings are not prepared by an independent research unit. Thus, the information contained herein must not be prepared in accordance with legal requirements designed to promote the independence of investment research, and is not subject to any prohibition on dealing ahead of the dissemination of investment research. The “Directives on the Independence of Financial Research” of the Swiss Bankers Association do not apply.

Banque Cramer, its directors, officers, employees or clients may have or have had interests or long or short positions in the securities and/or currencies referred to herein, and may at any time make purchases and/or sales in them as principal or agent. In addition, Banque Cramer may act or have acted as market-maker in financial products discussed herein. Furthermore, Banque Cramer may have or have had a relationship with or may provide or have provided investment banking, capital markets and/or other services to the relevant companies. Employees of Banque Cramer may serve or have served as officers or directors of the relevant companies. Banque Cramer may rely on information barriers to control the flow of information contained in one or more areas within Banque Cramer into other areas, units, divisions or affiliates of Banque Cramer.

Quantitative Evaluation Methods

Banque Cramer uses quantitative evaluation methods to provide PRIME Ratings. Accordingly, it carries out no qualitative analysis of companies, and does not review third-party analyses of the financial markets in a quantitative manner, nor does it monitor the latest information on these companies. Although the information has been obtained from and is based upon sources that Banque Cramer believes to be reliable, no representation is made as to the accuracy, completeness or timeliness of the information generated.

Universe of listed companies

PRIME Ratings are limited to a specific universe of listed companies determined by Banque Cramer, which does not include all listed companies available on the market. Banque Cramer reserves the right to change this investment universe at any time and without prior notice.

No Offer

The information provided in the primeSelector and/or PRIME ratings constitute neither an offer nor an investment advice. It does also not offer guidance for investments or other decisions. It is published solely for information purposes and do not constitute an advertisement, and is not to be construed as a solicitation or an offer to buy or sell, hold or dispose of any financial instruments or to engage in any particular financial transaction in any jurisdiction. Furthermore, nothing in the primeSelector Website or in PRIME Ratings constitutes a representation that any information contained herein is suitable or appropriate for a Subscriber's individual circumstances or otherwise constitutes a personal recommendation. Before concluding a financial transaction based on PRIME Ratings, the Subscriber is advised to check that the information provided is in line with his/her own circumstances with regard to any legal, regulatory, tax or other consequences, if necessary with the help of a professional legal, tax of financial advisors. The Subscriber is aware of the risks inherent in financial instruments. The price developments of financial instruments and in particular stocks are generally volatile and contain high risks that can result in a total loss. Past performance is not necessarily a guide to future performance. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested. Exchange rate may vary and cause the value of international investments to rise or fall. The levels and reliefs from taxation may change. Investment in emerging markets involves a high degree of risk.

No Liability

Banque Cramer assumes no responsibility for transactions made on the basis of PRIME Ratings and does not guarantee that any PRIME Rating will materialize. Neither Banque Cramer, its directors, officers, employees, agents, shareholders, nor third party information providers, their directors, officers, employees, agents or shareholders accept liability for any executed or non-executed transaction, result, loss or damage, be they direct or indirect, arising from the use of PRIME Ratings or from the risk inherent in financial markets. The decision to buy, sell or replace equities and/or related financial instrument is the Subscriber's decision alone and Banque Cramer will not be in any way liable in this regard. The Subscriber has full and sole liability for the outcome of the transactions concerned, for the structure of his/her portfolio, for the risks taken, for the performance of his/her portfolio and for the development of his/her assets.

No Warranty

The information and materials contained on the primeSelector Website are provided "as is" and "as available". Banque Cramer makes no representations or warranties of any kind, either express or implied, with respect to the information and functionality contained in the primeSelector Website, including but not limited to warranties of title, non-infringement, merchantability or fitness for a particular purpose. Without limiting the foregoing, Bank Cramer does not warrant the accuracy, timeliness, completeness, reliability or availability of the primeSelector Website or the information or results obtained from the use of the primeSelector Website, or that the primeSelector Website is error-free or virus-free.

Dispatch of PRIME Ratings

The Subscriber can decide that PRIME Ratings be sent manually to his/her personal email account. The Subscriber needs to link his/her email account to the primeSelector to be granted this functionality. Banque Cramer provides no guarantee regarding this functionality and the Subscriber hereby absolves Banque Cramer of any liability that may arise from using or not being able to use this functionality.

Links

The primeSelector Website may contain third party content or links to third party websites. These content and links are provided solely for your convenience and information. Banque Cramer has no control over, does not assume any responsibility for and does not make any warranties or representations as to, any third party content or websites, including but not limited to, the accuracy, subject matter, quality or timeliness. Banque Cramer shall have no liability for third party content or websites or websites linking to or framing the primeSelector Website.

Social Bookmarks

The primeSelector Website may contain Social Bookmarks which are identifiable by means of respective buttons. Social Bookmarks allow users of certain social media platforms to post links of selected primeSelector web pages on their corresponding social media profile in order to bookmark them or share them with their social media contacts. If you use Social Bookmarks you will be sending identifying data to the respective social media platform. Any comments or activity arising from persons using Social Bookmarks is not controlled, endorsed or monitored by Banque Cramer and Banque Cramer shall not be responsible or liable for such. Persons who share Banque Cramer communications via Social Bookmarks are not authorized to speak for or represent Banque Cramer and their views and opinions must be regarded as strictly their own and not Banque Cramer's. In addition, the provisions in these Terms of Use relating to Links also apply to Social Bookmarks.

Severability Clause

To the extent that any provision of these Terms 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 this disclaimer but such finding shall not affect the validity, lawfulness or enforceability of the remainder of these Terms of Use in that jurisdiction, nor shall it affect the validity, lawfulness or enforceability of these Terms of Use in any other jurisdiction.

Intellectual Property Rights

Banque Cramer, or the applicable third party owner, retains all right, title and interest (including copyrights, trademarks, patents, as well as any other intellectual property or other right) in all information and content (including all text, data, graphics and logos) on the primeSelector Website. Individual pages and/or sections of the primeSelector Website may be printed for personal or internal use only, and provided that such print outs retain all applicable copyright or other proprietary notices. All Subscribers must not, without limitation, modify, copy, transmit, distribute, display, perform, reproduce, publish, license, frame, create derivative works from, transfer or otherwise use in any other way for commercial or public purposes in whole or in part any information, text, graphics, images, video clips, directories, databases, listings or software obtained from the primeSelector Website without the prior written permission of Banque Cramer. Systematic retrieval of content from the primeSelector Website to create or compile, directly or indirectly, a collection, compilation, database or directory (whether through robots, spiders, automatic devices or manual processes) or creating links to the primeSelector Website without written permission from Banque Cramer is prohibited. PRIME Ratings may not be reproduced in part or in full without the written consent of Banque Cramer.

Applicable Law and Place of Jurisdiction

The sole place of jurisdiction for all disputes arising out of or in connection with these Terms of Use and/or to the use of the primeSelector Website is Zurich, Switzerland and it shall be exclusively governed by and construed in accordance with Swiss Law.

You hereby confirm that you have read and understood, and accept the Terms of Use for the primeSelector Website, which you accessed on your own initiative and without any solicitation from Banque Cramer.