In accordance with licensing mandated by the Australian
Securities and Investments Commission since March 2004 all Polar
Pacific client services involving "advice" are available
only to the following groups of "wholesale" clients (as defined
in the Australian Corporations Act 2001 and amendments):
-
[s.761G(7)(b)] -- "financial
institutions" or other businesses with at least 20
employees
-
[s.761G(7)(d)] -- "professional
investors", comprised of:
-
financial services licensees
-
funds or individuals controlling at least AUD 10
million
-
businesses which have raised funds via public offer for
investment in financial products
-
[s.761G(7)(c)] -- "private individuals"
who can certify either of the following
-
[s.761GA] -- "sophisticated investors", defined
as any person (the client) who can provide assurance that they have
previous experience in using financial services and investing in
financial products that allows the client themself to assess each of
the following:
-
the merits of the financial products or services
-
the value of the financial products or services
-
the risks associated with holding the financial products
-
the client's own information needs
-
the adequacy of information provided by the licensee and the
product issuer
As the notional underlying value of the derivatives to which PolarView
and PolarPremium reports relate could exceed the AUD 500,000
minimum stipulated in Reg. 7.1.22(2) these services represent "wholesale"
financial products advice as per s.761G(7)(a), and are not appropriate
for "retail" persons.
Please note that all capital and positions are managed by clients
directly in their own trading accounts. The Australian company,
Polar Pacific Pty Ltd, does not accept any funds for management.
The Polar Perspectives and Polar Passages books are
of a long-term academic
nature, and as such are not intended and must not be construed as
investment or trading advice. Accordingly, these products are not
restricted
to wholesale clients.
As the PolarPlus package includes both PolarView
(advice) and Polar Passages (not
advice), this offer is
available only on a wholesale basis to institutions and qualified
individuals as described above.
General Advice
The PolarView and PolarPremium reports are
provided on an advisory basis only. The advice in these services
is of a general nature only and does not take into
account any client's individual objectives, needs, financial situation,
or risk tolerances. Clients should consider the appropriateness
of the advice for their own circumstances.
The Polar Perspectives and Polar Passages books are
available strictly on
the basis that they do not constitute financial products advice. See
the Imprint page.
Disclaimer:
Past performance in forecasting market movements is not
indicative of future performance. Trading futures involves
substantial risks. No warranty is given as to the profitability
of any of the Polar Pacific publications or products mentioned
above. Any person using any of these services in whole or in part
must accept the condition that neither the service provider and
publisher, Polar Pacific Pty Ltd, nor its principal and author, David
Bensimon, shall be held liable for any losses incurred from following
the opinions, forecasts, or strategies described in any of these Polar
Pacific publications or products, or related communications and
services.
Website Visitors:
Access to the website is subject to the strict condition on
all visitors that any material relating to financial markets not be
construed as investment or trading advice. From 2004 all services
from
Polar Pacific Pty Ltd involving financial products advice are limited
by Australian legislation to the provision of general advice to
wholesale clients only.
Please read the full Terms and Conditions.
PACIFIC
2009
Polar Pacific Pty Ltd