This statement has been prepared by the Quantile Group, which includes Quantile Technologies Limited, Quantile B.V., and their subsidiaries or affiliates (collectively “Quantile”).
Quantile Technologies Limited is a company registered in England and Wales with company number 09622720 and is authorised and regulated by the Financial Conduct Authority (“FCA”) (Firm Reference Number: 751812) and has its registered office at Cannon Green, 27 Bush Lane, London, EC4R 0AN, United Kingdom. The FCA’s contact address is 12 Endeavour Square, London E20 1JN.
Quantile B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, “AFM”) and has its registered office at Atrium building, AMS04, Strawinskylaan 4117, 1077 ZX Amsterdam, the Netherlands. The AFM’s contact address is P.O. Box 11723, 1001 GS, Amsterdam, the Netherlands. Quantile B.V. is an investment firm (beleggingsonderneming) in terms of the Markets in Financial Instruments Directive (Directive 2014/65/EU, MiFID II), licensed pursuant to Section 2:96 of the Dutch Financial Supervision Act (Wet op het financieel toezicht, “Wft”) for the provision of the investment services of (i) investment advice and (ii) the reception and transmission of orders.
Please visit the Contact page of our website for our contact details.
This statement is directed at clients or potential clients: (i) who have been or can be classified by Quantile as eligible counterparties or professional clients/investors in line with the rules of the FCA and AFM; (ii) who have professional experience in matters relating to investments falling within Article 19(1) of the United Kingdom’s Financial Services and Markets Act 2000 (Financial Promotion) Order 2005; and (iii) other persons to whom it may otherwise lawfully be communicated. No other person should act on the contents or access the products or transactions discussed in this statement. In particular, this statement is not intended for retail clients/investors and Quantile will not make such products or transactions available to retail clients/investors.
The information contained herein may relate to matters that are: (i) not regulated by the FCA or AFM; and/or (ii) not subject to the protections of the United Kingdom’s Financial Services and Markets Act 2000 and/or the United Kingdom’s Financial Services Compensation Scheme or the Wft.
Quantile will provide all clients who participate in an optimisation run with our terms of service set out in our Rulebook, as well as information about all costs and any associated charges, before the provision of Services. Please refer to the Rulebook for further details of the terms which shall be applicable to us and you in the provision of Services.
Quantile Risk Disclosure
THESE RISK DISCLOSURES SHALL APPLY TO ALL CLIENTS AND POTENTIAL CLIENTS AND THE CLIENT OR POTENTIAL CLIENT ACKNOWLEDGES AND AGREES THAT IT HAS READ AND UNDERSTOOD THESE RISK DISCLOSURES.
THIS BRIEF STATEMENT DOES NOT PURPORT TO DISCLOSE ALL THE RISKS OR OTHER RELEVANT CONSIDERATIONS OF ENTERING INTO TRANSACTIONS. YOU SHOULD REFRAIN FROM ENTERING INTO ANY SUCH TRANSACTIONS UNLESS YOU FULLY UNDERSTAND ALL SUCH RISKS AND HAVE INDEPENDENTLY DETERMINED THAT THE TRANSACTION IS APPROPRIATE FOR YOU.
Before deciding to transact in any financial products and investments, you will need to have assessed the risks inherent in those financial instruments and in any related services and strategies. The specific risks presented by a particular transaction depend upon the terms of that transaction and your circumstances. As such, the risk disclosures provided herein are not exhaustive and need to be reviewed in light of your specific circumstances.
As in any financial transaction, you should ensure that you understand the requirements (including investment restrictions), if any, applicable to you that are established by your regulators or by your board of directors or other governing body. You should also consider the legal, tax and accounting implications of entering into any transaction. You should not enter into transactions unless you understand the nature of the transaction and the relevant financial product, and the extent of your exposure to risk and potential loss.
In this Quantile Disclosure “we”, “our”, “ours” and “us” refer to Quantile (or, where Quantile is acting on behalf of another person, including where that person is an affiliate, that person); and “you”, “your” and “yours” refer to the client or potential client, as the case may be.
Quantile’s services include, but are not limited to, Compression, Initial Margin Optimisation and Capital Optimisation (each a “Service” and together the “Services”). Information about our Services can be found at www.quantile.com by clicking on the “The Services” tab. The Services offered by us to you relate to your existing investments.
Our Services involve the generation of written proposals (“Proposals”) which may include proposed transactions to be entered into with other clients participating in the relevant Service, terminated or replaced with new transactions. Your acceptance of a Proposal during the relevant optimisation run organised by Quantile is your agreement with us and each other participating client to enter into the proposed transactions set out therein. If any of the participating clients fails to accept their Proposal in a relevant optimisation run, that optimisation run may not proceed. Accordingly, your acceptance of a Proposal does not necessarily mean that the transactions contained therein shall be entered into and until confirmed by us that the optimisation run has been successful, there is a risk that such transactions shall not be entered into.
Quantile is not acting as your agent, fiduciary or investment adviser. The provision of information in this statement and any other communication in connection with the provision by Quantile of a Service is not based on your individual circumstances and should not be relied upon as an assessment of your suitability for a particular product or transaction. The provision of information in this statement and any other communication in connection with the provision by Quantile of a Service is not, is not intended to constitute, and does not constitute, investment advice or any other investment service. Quantile does not make any recommendation as to the suitability of any of the products or transactions mentioned. Even if Quantile possesses information as to your objectives in relation to any transaction, series of transactions or trading strategy, this will not be deemed sufficient for any assessment of your suitability for any transaction, series of transactions or trading strategy.
You should make any trading or investment decisions in reliance on your own analysis and judgment and/or that of your independent advisers and not in reliance on Quantile, and any decision whether or not to adopt any strategy or engage in any transaction, including the proposed transactions included in a Proposal, will not be Quantile’s responsibility. Quantile does not provide investment, accounting, tax, financial or legal advice; such matters should be discussed with your advisers. To the extent the provision of information by Quantile is deemed to constitute the provision of investment advice, Quantile’s responsibilities in relation to it shall be limited to providing information which is consistent with the objectives of the relevant Service.
Where the Service Provider is Quantile B.V., it will only make Proposals which are consistent with the objectives of the Service in question and hence suitable for the client.
Conflicts of Interest Policy
Quantile maintains a conflicts of interest policy which identifies circumstances that may give rise to a conflict of interest and/or duties entailing a risk of harm to the interests of its clients and sets out processes to prevent or fairly manage such conflicts. Further details of our conflicts of interest policy can be provided upon request.