- In terms of this agreement InvestorData Download Services ("IDS") agrees to provide the subscriber, whose name
appears overleaf, with electronic price information, including daily closing prices for the JSE, the JSE Indices,
selected precious metal prices, gilts, foreign exchange rates, futures and Unit Trusts. IDS will endeavor to have
the data available by 20h00 for each trading day, but cannot guarantee that the data will be available at this time.
Should primary providers elect to charge extra for any of the above, this may be passed to subscribers in the form
of an optional extra with an associated charge.
- The Subscriber will pay an annual subscription or by monthly debit order. IDS undertakes to give debit order
Subscribers one months notice of any increase in the price of the Download Service.
- The Subscriber will treat the data and information provided by IDS as confidential, and agrees not to copy any part
of the information provided for any purpose whatsoever. This agreement allows for the use of the data and
information provided by IDS at one workstation, being defined as a single computer at a single location.
- IDS makes no warranty that the IDS software will operate correctly in all hardware environments.
- IDS accepts absolutely no responsibility for any errors which may occur in the data and / or information provided
to the subscriber or for any losses incurred as a result of decisions made based on the data provided by IDS.
Correspondingly, IDS has no claim over any capital growth / profits incurred as a result of the decisions made
based on the data provided by IDS.
- IDS accepts no responsibility for corruption caused to other programs and / or data, or damage and / or loss of any
kind which may result from the use of IDS and / or any other software programs or utilities provided by IDS.
- Should the Subscriber wish to terminate the service, written notice of the intention to discontinue the IDS
subscription must be given to IDS. Thirty days notice in respect of termination is required.
- Payment is to be made in advance of each period, prior to the period commencing. IDS reserves the right to charge
pro-rata rates, where applicable as well as unpaid debit reprocessing charges.
- Professional rates are applicable based on the official JSE definition below. If the JSE categorise you as a
professional user, subsequent to your receiving data as a private user, IDS reserves the right to back-invoice the
royalty differential owing, as calculated on the new rate, since the JSE apply this condition to IDS.
Private versus Professional User Definition
Any User which does not meet and continue to meet all the criteria for a
private user set out below shall be construed as a professional user. A
private user is a user who:
- is one of the following:
- a natural person;
- a company or close corporation incorporated and registered in accordance with the laws of the Republic of South Africa of which the shareholders or members are the natural person referred to in 1.1.1 above and/or such natural person's immediate family (ie the parents, grandparents, children, grandchildren and spouse of the natural person referred to in 1.1.1 above) and whose management and daily operations are under the control of such natural person and/or the natural person's immediate family; or
- a trust registered with the Master of the High Court of any division of the High Court of South Africa the beneficiaries of which are the natural person referred to in 1.1.1 above and/or his immediate family; or
- an unincorporated entity operating an investment club for natural and not juristic persons on a non-professional basis, (each a "Qualifying Private User");
- is not registered or required to be registered as, or qualified as, and does not act in any capacity (directly or indirectly) as, a securities trader, investment adviser or asset manager with any domestic or foreign financial exchange, regulatory authority, professional association or professional body recognised under any law;
- does not use the Service, directly or indirectly, for any business or professional purposes whatsoever (i.e. uses the Service solely for purposes of managing the personal funds of the natural person referred to in 1.1.1 above and/or those of his or her immediate family and in circumstances in which the Qualifying Private User does not charge or receive a fee); and
- does not distribute, publish or otherwise provide or make available any data from the Service to any third party in any manner whatsoever.
- Subscriber grants IDS the right to send unsolicited / solicited communications through any medium.
- Historical data supplied to current or new subscriber only when deposit notification received with completed, signed subscription form.
- IDS reserves the right to amend these conditions from time to time. Current conditions available on
http://www.investordata.co.za/subconditions.pdf
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