Quantile Regulatory Information

Regulatory Matters

This statement has been prepared by the Quantile Group, which includes Quantile Technologies Limited and its 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.

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 in line with the rules of the FCA; (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 and Quantile will not make such products or transactions available to retail clients.

The information contained herein may relate to matters that are: (i) not regulated by the FCA; 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.

Quantile will provide all clients who participate in an optimisation cycle 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 on 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, Interest Rate Compression and Initial Margin 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 cycle 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 cycle, none of the Proposals for that optimisation cycle shall go ahead, so your acceptance of a Proposal does not necessarily mean that the Proposal shall be implemented and until confirmed by us that a Proposal shall be implemented, there is a risk that it shall not be.

Quantile does not act as your agent, fiduciary or investment adviser. The provision of information in this statement and any other communication in connection with the provision of a Service by Quantile 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. It does not constitute investment advice and Quantile makes no recommendation as to the suitability of any of the products or transactions mentioned in a Proposal. 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 advisors 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 advisors.

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.