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
publications 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 PolarPerspectives
book is of a long-term academic nature, and as such is not intended
and must not be construed as investment or trading advice.
Accordingly, it is not restricted to wholesale clients.
As the PolarPlus
package includes both PolarView (advice) and PolarPerspectives
(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 publications 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
PolarPerspectives book is available strictly on the basis that it
does 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
2008
Polar Pacific Pty Ltd