JB CAPITAL MARKETS, S.V., S.A.
Plaza Manuel Gómez Moreno, 2, planta 15
28020 Madrid
Tel: +34917691100 Fax +34917691139
www.jbcm.com
CIF: A-85214922
London Branch
33 Berkeley Square
London W1J 6HE
Tel: +44 203 170 82 08
www.jbcm.com
CIF: A-85214922
This Legal Information represents the framework for the relations between the User of the Internet Service (hereinafter referred to as the User) and JB CAPITAL MARKETS, S.V., S.A. (hereinafter referred to as JB CAPITAL), via the Web page: http://www.jbcm.com
The User should read this Legal Information carefully. By entering JB CAPITAL' Web page the User undertakes to abide by the terms and conditions of this Legal Notice, the content whereof may change from time to time, without prior notice. We therefore suggest that you reread these Clauses regularly. Continuous access or use of the Web page by the User shall mean that the User accepts any changes that are made. If the User does not agree with these Clauses, the User may exit the Web page.
As the User has specifically accepted these Clauses, the User shall be bound by any change that may be made in the future in these Clauses. Therefore, we would like to remind the User that it is important to reread the contents hereof regularly.
Applicable law and jurisdiction.
JB CAPITAL, corporate address in Plaza Manuel Gómez Moreno, 2, planta 15 - 28020 Madrid, and with Tax Identification Number A-83563767, is the owner of the web page http://www.jbcm.com/
As a general rule, the relations between JB CAPITAL and its Users arising from the use of the Web page are governed by Spanish law and come under Spanish jurisdiction.
Users of JB CAPITAL' Web page must comply with the applicable terms of Spanish law and jurisdiction regarding the access and usage of the Web-page data content.
Any enquiries regarding the services provided by JB CAPITAL should be made to the Customer Service at the following address: Plaza Manuel Gómez Moreno, 2, planta 15 - 28020 Madrid, or by e-mail to the following address: dac@jbcm.com.
In accordance with the terms of the Information Society and Electronic Commerce Services Act, Law 34/2002, dated 11 July, we hereby provide you with the following information:
Terms and Conditions.
Accessing this Web site implies that you know and accept the following general terms and conditions that govern access to and the use of the site http://www.jbcm.com/ (hereinafter The Web Site), that JB CAPITAL makes available to its customers free of charge. Accessing the Web Site implies that you accept these terms and conditions without reservation. The use of certain services offered in this site shall, moreover, be governed by the particular conditions laid down for each case. Merely using said services shall imply acceptance of said particular conditions.
Content.
JB CAPITAL shall reasonably ensure that the information and material set out on its Web page is checked and updated and to evaluate that its sources are reliable and honourable.
The above notwithstanding, the information, analysis, opinions and recommendations published in or through this Web page are provided solely for information purposes and are to be taken as guidelines. JB CAPITAL, its officers and employees, therefore, assume no liability therefor and neither guarantee nor assure that the content thereof is reasonable, accurate, complete, precise, appropriate, reliable or up-to-date.
JB CAPITAL therefore shall be considered exempt of responsibility with regard to the content, accuracy, reliability and truthfulness of the Information, regardless of the form in which it is presented and the Users of the Web page, when taking their investment decisions, must assume the risks arising from using said information or recommendations and JB CAPITAL, its officers and employees, shall not be held liable therefor. Users are aware that they are responsible for their own investment decisions and that they should get their own professional advice about the suitability of any investment or investment strategy mentioned on the Web page.
Any information or analysis included on the Web page has been drawn up solely for information purposes and JB CAPITAL is under no obligation to update said information or analysis. It is therefore possible that said information or analysis fails to reflect events that have taken place after the publication date.
Access, surfing and security.
Accessing and surfing on JB CAPITAL' Web page entails acceptance and knowledge of the legal warnings, terms and conditions of use set out therein.
Users must specifically apply to access to some parts of this Web Site. JB CAPITAL has exclusive rights to accept or reject such applications. In the event that JB CAPITAL accepts a User's request, access shall be activated using a system of passwords and codes provided by the Company to ensure that Users are identified and that the passwords and codes provided are secure and confidential.
The code or password is confidential. If a User thinks that someone has had access to his code or password, he should notify JB CAPITAL accordingly, and JB CAPITAL shall proceed to modify said code or password forthwith.
JB CAPITAL shall not be held responsible for nor shall it guarantee that access to this web site shall not be interrupted or that it is error-free or might cause damage. Under no circumstances shall it be held liable for any damages or losses of any kind resulting from accessing and using the Web page, including but not restricted to any damage to the computer systems or caused by computer viruses.
JB CAPITAL shall, whenever nothing occurs that makes it impossible or difficult to do so, and as soon as it finds out about any errors or disconnections, do everything it can to remedy said errors and restore the connection.
Whoever accesses or uses the Web Site shall be held solely liable for the access to the Web Site or any improper use of the information set out on the Web Site. JB CAPITAL shall not be held liable for any consequence, damage or loss that may result from such access or use. JB CAPITAL shall not be held liable for any security errors that may arise or for any damage that may be caused to the user's computer system (hardware and software), or to the files or documents stored therein, as a result of:
Any downloads of any material including software, or any computer file, shall be made entirely at the User's discretion and the User shall take full responsibility therefore. Users take sole responsibility for any damage to the User's computer system or any loss of data that results from downloading, installing or running any of this material.
JB CAPITAL may modify unilaterally, without prior notice, whenever it deems appropriate, the Web Site's structure and design, and modify or remove any services, content and conditions for accessing and using the Web Site.
When a User surfs the JB CAPITAL Web page, the User leaves a "trail" of the IP address assigned to the User for that session by the User's Access Supplier. The record of this IP address is used solely for internal purposes, such as the record of accesses to JB CAPITAL' Web Site.
The IP address for the same User is different for each Internet connection, so there is no way of finding out about any particular User's browsing "habits" on JB CAPITAL' Web Site.
JB CAPITAL shall not be held liable in any way for the content of links in the Web Site, whenever such content is outside the Web Site, nor does it guarantee that there are no viruses or other elements thereon that may alter the computer system (hardware and software), in the user's documents and files, excluding any liability for any damage of any kind caused to the user for this reason.
Should any user, customer or third party consider that the content of the services provided by the linked pages are illegal or damage assets or rights of the user himself, a customer or a third party, that can be indemnified, they should send a notification form to the address dac@jbcm.com and, in particular, whenever they consist of:
Exchanging or disclosing information.
JB CAPITAL shall not be held liable for any exchange between Users of information obtained through its Web page.
Data Protection.
Before a User may use some parts of the Web page, JB CAPITAL shall ask the User to provide certain personal particulars (e-mail address, name, Company, etc.).
JB CAPITAL informs the users that it abides by current law on the protection of personal data, the privacy of users and the secret and security of personal data, and for said purpose uses the technical and organisational resources needed to prevent the personal data provided from being lose, improperly used, altered, accessed by unauthorised persons or robbed, bearing in mind the state of technology, the nature of the data and the risks to which they are exposed.
Accordingly JB CAPITAL shall treat the data in accordance with the principles of quality laid down by the Data Protection Act, Law 15/1999, dated 13 December, confidentially and using the security measures required by the Security Measures for Automated Files Regulations enacted by Royal Decree 9994/1999, dated 11 June.
The data of a personal nature that is provided is recorded in a JB CAPITAL file, for the purpose of maintaining and managing the commercial relationships with the users of the web site and to promote the activities and services that it provides.
By simply sending in their personal data to JB CAPITAL, Users shall be giving their consent for said data to be included in the file and processed.
Users may revoke the consent given, albeit not retroactively, and use the rights to access, rectify, cancel and object, by sending a letter to the following mail address: Plaza Manuel Gómez Moreno, 2, planta 15 - 28020 Madrid or to the e-mail address: dac@jbcm.com
Users guarantee that the personal particulars provided to JB CAPITAL are true and shall take responsibility for giving notice of any change to said data so that they be up to date at all times.
JB CAPITAL does not use cookies, these being deemed to be the physical files of personal information located in the user's own terminal, used for gathering information regarding the user's preferences. However, it reserves the right to change its criterion regarding the use of cookies. Users are able to configure their browser so as to prevent such files from being created.
Intellectual and Industrial Property.
The intellectual property rights of the content of the web page http://www.jbcm.com/ its source code, graphic design, browsing structure, data bases and different elements that are contained therein belong to JB CAPITAL, who has the sole title to use the rights to operate them in any way and, in particular, the rights to reproduce, distribute, disclose to the public and transform.
Therefore, they may not be reproduced, distributed, publicly disclosed or transformed, except for personal, private use. Likewise all the trade names, trademarks and distinguishing signs of any kind set out on the JB CAPITAL Web page are protected by Law.
Any third-party link to the Web must be made to its home page. "Deep links" and "framing" are specifically prohibited, as is any other use of the content of the Web Site, for unauthorised third parties.
Any unauthorised use or resale of the information content of the Web Site, or any damage to the intellectual property rights of JB CAPITAL, shall give rise to the liabilities laid down by law.
JB CAPITAL acknowledges, as regards any third-party quotations or products or services the appropriate intellectual and industrial property rights. The mere fact that they are mentioned or appear on the Web page does not imply that JB CAPITAL has any right or liability whatsoever with regard thereto.
The above notwithstanding, JB CAPITAL reserve all the rights to copyright, registered trademarks, patents, intellectual property and other property rights with regard to the content and design of the Web page.
JB CAPITAL MARKETS, S.V., S.A. provides independent advice, is regulated and supervised by the Spanish Exchange Regulator Authority "Comisión Nacional del Mercado de Valores (C.N.M.V.)" with Registration number 229.
This publication has been prepared by JB CAPITAL MARKETS, Sociedad de Valores, S.A. ("JB CAPITAL") solely for the information of clients of JB CAPITAL. This document and its contents do not constitute an offer, invitation or solicitation to purchase, sell or subscribe to any securities or other instruments. The information herein has been obtained from, and any opinions herein are based upon sources believed reliable, but JB CAPITAL makes no representation as to its accuracy, integrity or completeness. The information contained herein is subject to change without notice. JB CAPITAL and any of its officers or employees may, to the extent permitted by law, have a position or otherwise be interested in any transactions, in any investments directly or indirectly the subject of this publication. Neither JB CAPITAL nor any officer or employee of JB CAPITAL accepts any liability whatsoever for any direct, indirect or consequential loss arising from any use of this publication or its contents. No part of this document may be reproduced, distributed or published by any person for any purpose without the prior express consent of JB CAPITAL.
JB CAPITAL does not hold, directly or indirectly, any regular stake in the equity capital of companies which could be the object of analysis in this publication herein.
JB CAPITAL MARKETS, S.V., S.A. and the User specifically waive any right they may have to any other jurisdiction and submit to the jurisdiction of the courts and tribunals of the city of Madrid (Spain), to settle any dispute that may arise with regard to the access to or use of the Web page: http://www.jbcm.com
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