Terms of Use

Effective Date: March 31th 2015
The use of the website (“the Website”) of Index Research and Development Indices LTD (“Index Research”) is conditional upon consent to the following Terms of Use. By accessing the website, you are expressing your consent to these Terms of Use

1. The website (www.indx.co.il) is owned and operated by Index Research.

2. All of the intellectual property rights, including copyright and distribution and presentation rights in all of the website’s content, including all information presented in any way, text, software, pictures, clips, graphics, compilations, including the indices and their names, designs, voice files, video files, picture files and other files appearing on the website (hereinafter referred to as “the Information”) fully belong to Index Research or to third parties who have vested Index Research with use rights therein.

3. The Information is intended for the personal use of the user alone, and no other use may be made thereof, commercial or otherwise. The Information may not be made public and no product originating in the Information may be published, whether printed or stored on any magnetic or optical means, or any other means, without Index Research’s prior written approval and in accordance with its terms and conditions. The Information may not be copied, duplicated or printed for distribution or publication in any way, without the Index Research’s prior written approval and in accordance with its terms and conditions.

4. The Information presented on the website is provided for informational and educational purposes only, and does not constitute a solicitation, offer, opinion or recommendation by Index Research to buy or sell securities. Nothing contained on the website should be construed as investment, tax, accounting or legal advice. Advice from a securities professional is strongly advised. Neither Index Research nor any of Index Research’s officers, employees, directors or agents has made any recommendations regarding the merit of any company identified on the website, made any recommendation regarding the purchase or sale of any security, or endorsed or sponsored any company or market participant identified on this website.

The Information was obtained by Index Research from sources believed by Index Research to be accurate and reliable. However, because of the possibility of human and mechanical error as well as other factors, Index Research is not responsible for any errors or omissions and the Index Research provides no warranty with respect to the Information. The Index Research makes no representation and disclaims all express, implied and statutory warranties of any kind to any user or any third party, including any warranties of accuracy, timeliness, completeness, merchantability and fitness for any particular purpose.

The website may contain information regarding exchange-traded options, futures, and other derivatives. No statement on this website is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Options, futures, and other derivatives involve risk and are not suitable for every investor.

The website may contain “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and the Securities Litigation Reform Act of 1995. Index Research may also make written or oral “forward-looking statements” in documents filed with the Israeli Securities Authority or other Israeli or foreign governmental agencies, in press releases, and in other materials or communications describing Index Research, some of which may be described or available on the website. These “forward-looking statements” involve a number of risks, uncertainties, assumptions and other factors, many of which are outside of Index Research’s control, which could cause actual results to differ materially from such statements. Past performance has no guarantee of future results. The user is cautioned not to put undue reliance on any forward-looking statements. Forward-looking statements speak only as of the date they are made, and Index Research have no intention and undertake no obligation to update or revise any of them in light of new information, future events or otherwise.

Unless due to willful tortious misconduct or gross negligence, Index Research shall have no liability in tort, contract or otherwise (and as permitted by law, product liability) to any user nor any third party. Index Research shall under no circumstances be liable to any user nor any third party for any lost profits or lost opportunity, indirect, special, consequential, incidental or punitive damages whatsoever even if Index Research has been advised of the possibility of such damages.

Some countries and certain U.S. states provide rights in addition to those stated here, or do not allow the exclusion or limitation of implied warranties or liability for incidental or consequential damages. Therefore, these limitations may not apply to you or there may be state provisions that supersede the above. Any clause of these Terms of Use declared invalid shall be deemed severable and shall not affect the validity or enforceability of the remainder. The Terms of Use may only be amended in a writing signed by Index Research and are governed by the laws of the State of Israel.

The aforementioned shall apply mutatis mutandis to third parties information providers and to the information provided by them.

5. The Information shall not be considered recommendation or advice to act in one way or another in connection with the making of investment, taxation or legal decisions.

6. The user acknowledges that Index Research shall not be liable for any defect, mistake, error or inaccuracy in the Information (hereinafter referred to as “defect”) and that it is not undertaking to ensure that the Information will always be up to date. The user exempts Index Research from liability for any defect or for any damage sustained by or caused to him as a result of the use of the website or the Information. Each user agrees to indemnify and hold harmless Index Research and its officers, directors, employees, and agents from any and all claims and losses imposed on, incurred by, or asserted as a result of or related to: (a) any noncompliance by user with these Terms of Use; or (b) any third-party actions related to user’s receipt and use of the Information, whether authorized or unauthorized. Any cooperation by Index Research in such defense is without waiver of any attorney-client, work product, or other legal privileges.

7. Index Research shall not be liable in any way for the content of reports (disclosures) of listed corporations that are presented on the website. Full liability for these reports rests with the originating corporations.

8. The historical data published on the website are as computed by Index Research and they are presented “as is”. Index Research reserves the right to change the ways of computing or displaying the historical data at any time.

9. Index Research offers various services through the website (hereinafter referred to as “the Services”). The use of the Services is only intended for personal use and sole liability in respect thereof shall rest with the user. The use of the Services is not a replacement for consultation with experts. The user shall be fully liable for any investment or other decision made in reliance upon the Services.

10. The links to other websites from the website are intended for convenience purposes only and Index Research shall not be liable for the content of these other websites, their terms of use, and privacy policies. The user alone shall be liable for accessing these websites and for using the information appearing on them.

11. (a) The website contains, inter alia, unofficial translations from Hebrew of Index Research indices methodologies; (b) Additional information is presented on the website that includes, inter alia, factsheets, general descriptions and explanations of subjects appearing in the indices methodologies. For the avoidance of doubt, the binding version is that appearing in the Hebrew version of the indices methodologies, as the case may be, which shall apply in the event of any contradiction.

12. Index Research reserves its right to alter the website and the information at any time

13. (a) The use of the website and any matter and dispute concerning its use shall be governed by the laws of the State of Israel alone; (b) The competent courts in the District of Tel Aviv-Jaffa are vested with sole jurisdiction to hear any matter and dispute concerning these terms and conditions and the website’s use.

14. The use of this website is subjected to the Index Research Privacy Policy.