Omega International Trust

Client, Trust and Risk Disclosure Agreement

 

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.  Sixty-nine percent (%) of retail investor accounts lose money when trading spread bets and CFDs with this provider. They’re not suitable for most investors.  Before you invest, you should consider whether you understand how CFD'S work, the risks of trading these instruments and whether you can afford to lose all your original investment.  You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. 

Settlor trading spread bets and CFDs can lose all the money they deposit.

Trading CFD’S ‘on margin’ within a TRUST account, meaning that you only finance part of the cost of acquiring a position in a security, carries additional risks over buying securities on a fully funded basis and may result in losses of your original investment. Trading on margin will also result in additional costs for you as the investor and any securities purchased using margin may be held as collateral by the lender, restricting both your rights as shareholder, and your ability to use the securities until the margin trade is closed. You should familiarize yourself with these risks before trading on margin.

The value of CFD” s purchased through the trust can fall as well as rise, which could mean getting back less than you originally put in. Past performance has no guarantee of future results. Some trust pooled accounts carry additional risks depending on how they’re structured, and investors should ensure they familiarize themselves with the differences before investing.

CFD dealing through trust accounts provided by Omega International Trust CFD spread betting accounts are provided by Omega International Trust which is the trading name of

Omega International Trust Limited Registered in England and Wales under number 13117551).

Omega Galactic Holdings Limited Registered in England and Wales under number 133822112)

Omega Galactic Holdings II Limited Registered in England and Wales under number 13696259)

Omega Galactic Trust FZCO Incorporated in Dubai under number DS0-FZCO-15600

at the address of: Building A1 No 16918-001, Dubai Digital Park, Dubai Silicon Oasis, Dubai UAE. 

The information in this document is for settlors in the Omega International Trust and trade.omegagalacticholdings.com The site is not directed at non trust settlors, nor for use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Loss of Investment.  Investments are exposed to the risk of the loss of capital.  The prices of the Financial Instruments, in which each settlor reinvests may be volatile, and market movements as they relate to such Financial Instruments are difficult to predict.  No guarantee or representation is made that such settlors’ investment strategy will be successful.  In addition, each settlor, through the trust will use investment techniques such as leverage, spread bets, short sales, uncovered option transactions, forward transactions, Contracts for Difference (CFD), foreign currency transactions, securities, lending and a highly concentrated portfolio with respect to the Financial Instruments, and others, which could, under certain circumstances, magnify the impact of any adverse market or investment developments.

An investment in this Trust or through a pool managed account should not be considered a balanced investment program, but rather it is intended to provide diversification in a more complete highly leveraged speculative investment portfolio.  Investors should be able to withstand the loss of their entire investment, as there can be no assurance that the investments made by any fund or through a managed account will increase in value or that settlors investing through a managed account will not incur significant losses.

Flexible Investment Approach.  The Investment Manager has generally broad and unfettered investment authority, and may trade in any type of investment, broker liquidity provider, security, issuer or group of related issuers, country, region or sector that it believes will help each settlor achieve its investment objective, subject to any negotiated investment restrictions for a settlor. Additionally, the strategies that an Investment Manager may pursue for its settlor any investment and are not limited to the strategies described herein: furthermore, such strategies may change and evolve materially over time.  The Trustee and Investment Managers has generally broad latitude with respect to the management of each settlor risk parameters.  The Funds, in particular, are subject neither to formal diversification policies limiting each Fund’s portfolio investments nor to formal leverage policies limiting the leverage to be used by any Fund. This may vary for any settlor depending on the negotiated terms of such account.  The Investment Manager will opportunistically implement whatever strategies, risk management techniques and discretionary approaches, as well as such other investment tactics, as it believes from time to time may be suited to prevailing market conditions.  The Investment Manager may utilize such leverage, position size, duration and other portfolio management techniques (such as taking a more active or engaged role with respect to certain investments) as it believes are appropriate for each settlor (unless subject to a restriction).  Prospective investors must recognize that in investing in a fund in this Trust or through a managed account, they are placing their capital indirectly under the full discretionary management of the applicable trust and Investment Manager and authorizing such Investment Manager indirectly to trade for such fund or account using whatever strategies in such manner as the Investment Manager may determine.  Any of these new investment strategies, techniques, discretionary approaches and investment tactics may not be thoroughly tested before being employed and may have operational or other shortcomings which could result in unsuccessful investments and, ultimately, losses to each settlor.  In addition, any new investment strategy, technique and tactic developed by a settlor (or any such strategy, technique or tactic pursued by a settlor, but not fully described herein) may be more speculative than earlier investment strategies, techniques and tactics and may involve material and as-yet-unanticipated risks that could increase the risk of an investment in such by the settlor. Investors generally will not be informed of any changes in the Investment Manager’s strategies, techniques, discretionary approach and tactics.  There can be no assurance that the Investment Manager will be successful in applying his approach and there is material risk that an investor may suffer significant impairment or total loss of its capital assets.

Concentration of Investments.  The Funds are not limited as to the amount of capital or exposure which may be committed to any one issuer, industry, sector, strategy, country or geographic region. In fact, each Fund’s portfolio, at times, may be highly concentrated.  Each Fund’s investment technique of concentrating investment positions increases the volatility of investment results over time and creates the potential that a loss in any such position could have a material adverse impact on such settlor Financial Instruments.  While this would likely apply to other settlor as well, it may vary for any settlor depending on the negotiated terms of such an account they choose to participate in.

Volatility Risk.  The Fund’s investment program may involve the purchase and sale of relatively volatile Financial Instruments such as derivatives, which are frequently valued based on implied volatilities of such derivatives compared to the historical volatility of underlying Financial Instruments.  Fluctuations or prolonged changes in the volatility of such instruments, therefore, can adversely affect the value of investments held by the trust.

Hedging Transactions.  Settlors are not required to hedge any particular risk in connection with a particular investment or its portfolio generally and may settlor to not hedge its risks at all.  For example, the trustee may elect to not hedge against fluctuations in the value of its portfolio positions because of changes in market interest rates or any other developments.  While a settlor may enter hedging transactions to seek to manage risk, such transactions may result in a poorer overall performance for such settlor than if it had not engaged in any such hedging transaction.  Moreover, such settlor may not anticipate a particular risk to hedge against it and the portfolio will always be exposed to certain risks that may not be hedged

Enforcement of Legal Rights.  From time to time, a variety of different events may impact on specific Financial Instruments in the Trust’s portfolio and may lead the Investment Manager, on behalf of the Fund, to participate in business strategy, reorganization proceedings and/or legal action.  The occurrence of such events may be difficult to predict, increase the chance of loss of capital and may create additional costs and expenses for the Fund, as well as increased regulatory risks.

Global Macro Strategy.  Each settlor global macro investment will consist primarily of investing in global CFD’s fixed income, currency and equity markets, and their related derivatives, to exploit fundamental, economic, financial and political imbalances that may exist in and between markets throughout the world.  The success of the Investment Manager’s global macro investing depends on the Investment Manager’s ability to identify and exploit such perceived imbalances. Identification and exploitation of such imbalances involves significant uncertainties.  There can be no assurance that the Investment Manager will be able to locate investment opportunities or to exploit such imbalances.  If any settlor’s underlying positions fail to be borne out in developments expected by the Investment Manager, such settlor may incur losses, which could be substantial.

Reliance on Experts and others.  The Investment Manager expects to engage and retain strategic information sources, Analysists, authors, commentators. advisors, consultants, senior advisors and other similar professionals, including “experts,” who are not employees or affiliates of Omega Trust, which may include former senior government officials, policy makers, central bankers, analysis and as well as other high-profile political figures, including persons known to be close associates of such individuals. The nature of the relationship with each of these professionals and the amount of time devoted or required to be devoted by them may vary considerably.  In certain cases, they provide the Investment Manager with industry or jurisdiction specific insights and feedback on investment themes, assist in the transaction, due diligence, and make introductions to and provide reference checks on management teams.  In other cases, they take on more extensive roles and contribute to the origination of new investment opportunities. In still other instances, the Investment Manager may, or may not, have formal arrangements with these professionals (which may or may not be terminable upon notice by any party), and in other cases the relationships may be more informal or non-existent.

There can be no assurance that any of the consultants and/or other professionals will continue to serve in such roles and/or continue their arrangements with the Investment Manager throughout the term of any settlor relationship or fund term.  Further, if material nonpublic information is obtained by such people, any settlor may become subject to trading restrictions pursuant to the internal trading policies of the Investment Manager, or because of applicable law or regulations be prohibited for a period from purchasing or selling Financial Instruments, the prohibition may have an adverse effect on such settlor.  Any settlor and the Investment Manager may also become subject to legal, regulatory, reputational and other unforeseen risks because of these professionals’ “high-profile positions”.

 

Long/Short Investment Strategies including spread trades.  The identification of investment opportunities in the implementation of the settlor’s long/short investment strategies is a difficult task, and there are no assurances that such opportunities will be successfully identified or realized.  If the perceived opportunities underlying such settlor positions fail to converge toward, or diverge further from, values expected by the Investment Manager, such settlor may incur a loss.  In the event of market disruptions, a settlor could be forced to close out one or more positions at unfavorable prices, thereby incurring significant losses.  Furthermore, the models and analytics used to determine whether an investment presents an attractive opportunity consistent with the Investment Manager’s long/short strategies that may become outdated and inaccurate as market conditions change.

Short Sales.  Short selling involves selling securities which are not owned by the short seller, and borrowing them for delivery to the purchaser, with an obligation to replace the borrowed securities at a later date.  Short selling may also refer to other instances in which a party engages in trading aimed to benefit from negative price movements (such as in the case of a “buyer” of a credit default swap).  Short selling allows the seller to profit from a decline in market price to the extent such a decline exceeds the transaction costs and, in the case of a “security” short sale, the costs of borrowing the Financial Instruments.  The extent to which a settlor engages in short sales will depend upon the Investment Manager’s investment strategy and opportunities.  A securities short sale creates the risk of a theoretically unlimited loss, in that the price of the underlying security could theoretically increase without limit, thus increasing the cost to the settlor of buying that security to cover the short position.  There can be no assurance that such settlor will be able to maintain the ability to borrow securities sold short.  In such cases, such settlor may be forced to repurchase securities in the open market to return to the lender.  There also can be no assurance that the stocks necessary to cover a short position will be available for purchase at or near prices quoted in the market.  Purchasing securities to close out a short position can also cause the price of the securities to rise further, thereby exacerbating the loss

Leverage; Borrowing for Operations.  The Investment Manager intends to use a high degree of “leverage” as part of the investment program for the settlor.  Leverage may take the form of, among other things, any of the Financial Instruments described herein, including, derivative instruments which are inherently leveraged and trading in products with embedded leverage such as options, short sales, swaps and forwards.  The use of leverage should allow the settlor to make additional investments, thereby increasing its exposure to assets, such that its total assets may be greater than its capital; however, leverage may also magnify the volatility of changes in the value of such settlor portfolio.  The effect of the use of leverage by a settlor in a market that moves adversely to its investments could result in substantial losses to such settlor, which would be greater than if such settlor were not leveraged.  In addition, such settlor will have the authority to borrow money for cash management purposes and to meet withdrawals that would otherwise result in the premature liquidation of their investments.  The level of interest rates generally, and the rates at which a settlor can borrow particularly, will affect the operating results of such settlor.  The amount of borrowings and leverage which such settlor may have outstanding at any time may be substantial in relation to its capital.  The instruments and borrowings used by such settlor to leverage investments may be collateralized by such settlor portfolio.  Accordingly, such that the trustee on behalf of your trust and settlor may pledge its Financial Instruments in order to borrow or otherwise obtain leverage for investment or other purposes.  The expiration or termination of available financing for leveraged positions, and the requirement to post collateral in respect of changes in the fair value of leveraged exposures or changes in advance rates or other terms and conditions of such settlor’s repurchase agreements, can rapidly result in adverse effects to its access to liquidity and its ability to maintain leveraged positions, and may cause such settlor to incur material losses.  Should the Financial Instruments pledged to lenders to secure such settlor margin accounts decline in value, such settlor could be subject to a “margin call,” pursuant to which such settlor must either deposit additional funds or Financial Instruments with the lender or suffer mandatory liquidation of the pledged Financial Instruments to compensate for the decline in value.  Lenders providing financing to such settlor can apply essentially discretionary margin, haircut, financing, and collateral valuation policies.  Changes by lenders in any of the foregoing may result in large margin calls, loss of financing and forced liquidations of positions at disadvantageous prices.  There can be no assurance that such settlor will be able to secure or maintain adequate financing.

While a settlor expects to borrow or use other forms of leverage (on a secured or unsecured basis) for any purpose, including to increase investment capacity, cover operating expenses or for clearance of transactions, there is no guarantee that any such borrowing arrangements or other arrangements for obtaining leverage will be available, or, if available, will be available on terms and conditions acceptable to such settlor.  Unfavorable economic conditions also could increase funding costs, limit access to the capital markets or result in a decision by lenders not to extend credit to such settlor.

Margin Borrowings.  Whenever a settlor uses financing extended by broker-dealers to leverage its portfolio, it may be subject to changes in the value that broker-dealers ascribe to a given Financial Instrument, the amount of margin required to support such Financial Instrument, the borrowing rate to finance such Financial Instrument and/or such broker-dealers’ willingness to continue to provide any such credit to such settlor.  Any settlor could be forced to liquidate its portfolio on short notice to meet its financing obligations.  The forced liquidation of all or any portion of a settlor portfolio at distressed prices could result in significant losses to such settlor.  Any settlor could be subject to a “margin call,” pursuant to which such settlor would either be required to deposit additional funds or Financial Instruments with the broker dealer or suffer mandatory liquidation of the pledged Financial Instruments to compensate for the decline in value.  In the event of a sudden drop in the value of any settlor assets, such settlor might not be able to liquidate assets quickly enough to satisfy their margin requirements.

Event-Driven Investing.  Event-driven investing requires the investor to make predictions about the likelihood that an event will occur and the impact such an event will have on the value of a Financial Instrument.  If the event fails to occur or it does not have the predicted effect, losses can result.  For example, the adoption of new business strategies or completion of asset dispositions or debt reduction programs by a company may not be valued as highly by the market as the Investment Manager had anticipated, resulting in losses.  In addition, a company may announce a plan of restructuring which promises to enhance value and fail to implement it, resulting in losses to investors.  In liquidation and other forms of corporate reorganization, the risk exists that the reorganization either will be unsuccessful, will be delayed, or will result in a distribution of cash or a new security, the value of which will be less than the purchase price to a settlor of the security in respect of which such distribution was made.  The consummation of mergers and tender and exchange offers can be prevented or delayed by a variety of factors, including: opposition of the management or stockholders of the target company, which will often result in litigation to enjoin the proposed transaction; intervention of a U.S. federal or state regulatory agency; efforts by the target company to pursue a “defensive” strategy, including a merger with, or a friendly tender offer by, a company other than the offeror; in the case of a merger, failure to obtain the necessary stockholder approvals; market conditions resulting in material changes in prices; compliance with any applicable U.S. federal or state securities laws, or in the case of foreign issuers, non-U.S. laws; and inability to obtain adequate financing.  Certain similar events may be applicable to sovereign issuers and government sponsored enterprises.

Relative Value Investing.  The Investment Manager may use “relative value” investing strategies, which attempt to exploit relative mispricing’s among interrelated instruments (such as securities, derivatives, CFD'S s, swaps, bank debt, etc.), rather than making directional “bets” on absolute price movements. Mispricing’s, even if correctly identified, may not be corrected by the market, at least within a timeframe over which it is feasible for a settlor to maintain a position.  Even “pure” arbitrage positions can result in significant losses if the Investment Manager is not able to maintain both sides of the position until expiration, for example, in circumstances where such settlor is forced to prematurely return a borrowed security.  The Investment Manager may use a high degree of leverage and could be forced to liquidate positions prematurely to meet margin calls, causing an otherwise “pure” arbitrage position to result in major losses.

The success of the Investment Manager’s relative value investment strategy depends on the Investment Manager’s ability to identify and exploit perceived inefficiencies in the pricing of securities, financial products, or markets.  Identification and exploitation of such discrepancies involve uncertainty.  There can be no assurance that the Investment Manager will be able to locate investment opportunities or to exploit pricing inefficiencies in the securities markets.  A reduction in the pricing inefficiency of the markets in which the Investment Manager seeks to invest will reduce the scope of the Investment Manager’s investment strategies.  In the event that the perceived mispricing’s underlying settlor positions were to fail to converge toward, or were to diverge further from, relationships expected by the Investment Manager, such settlor may incur losses.  Even if the Investment Manager’s relative value investment strategy is successful, it may result in high portfolio turnover and, consequently, high transaction costs.

Event-Driven Arbitrage.  In general, event-driven arbitrage investing is exposed to adverse outcomes of the “event” being positioned.  Adverse outcomes or developments might arise from fundamental reasons, regulatory rulings, legal or tax rulings, or even extreme market movements.  The financing component of many announced corporate settlor could come under pressure and result in a cancellation or change in terms of the proposed transaction.  Even when corporate action or event occurs as expected but is significantly delayed or advanced in the timing for its completion, deviations from the expected return or profitability could be high.  At times, the number of announced deals in the market might be inadequate to allow for a diversified portfolio to be constructed, or for returns to be near historic and meaningful levels relative to the risks.  There can be no assurance that the Investment Manager’s event-driven arbitrage strategy will result in a settlor achieving its objective.

Independent Money Managers.  The Investment Manager does not generally expect to allocate any portion of its capital to other money managers (the “Money Managers”).  To the extent a settlor does allocate any portion of its capital to such managers, investors are not expected to bear two layers of incentive or similar fees.  Each of these Money Managers may invest wholly independently of one another (and of a settlor) and may at times hold economically offsetting positions.  To the extent that the Money Managers and/or a settlor do, in fact, hold offsetting positions, a settlor, considered as a whole, may not achieve any gain or loss despite incurring investment expenses, including, without limitation, performance-based compensation.  If a settlor is concentrated in a position, because of such settlor and/or one or more funds managed by a Money Manager holding the same position, the risks associated with such position will be magnified.  Settlor and some Money Managers also may compete with each other from time to time for the same positions in certain markets.  Such competition may adversely affect the performance of such settlor and/or such funds managed by the Money Managers.  

Trade Policy.  Trade conflicts between the United States and certain foreign countries intensify from time to time.  The continuation or further intensification of such conflicts may lead to the introduction of additional barriers to trade, an increase in the cost of certain goods, a decrease in trade volume, supply chain disruptions, shifts in consumer sentiment and/or a general decrease in corporate profits and securities prices in both public and private markets, any of which could have an adverse impact on the performance of the Fund’s investments and returns to Fund’s investors.  Uncertainty with respect to the financial stability of the United States such as the recent U.S. debt ceiling and budget deficit concerns have increased the possibility of a downgrade of the U.S. long-term sovereign debt credit rating or a recession or economic slowdown in the U.S.  To the extent the U.S. government continues to operate at a budget deficit, in the future, the U.S. government may not be able to meet its debt payments unless the federal debt ceiling is raised.  If, at such times, legislation increasing the debt ceiling is not enacted and the debt ceiling is reached, the U.S. federal government may stop or delay making payments on its obligations, which could negatively impact the U.S. economy and the Fund Group’s portfolio companies. In addition, disagreement over the federal budget has in the past and may in the future cause the U.S. federal government to shut down for periods of time.  Continued adverse political and economic conditions, further downgrades or warnings by The Standard & Poor Financial Services L.L.C.'s Rating Service or other rating agencies, and the U.S. government’s credit and deficit concerns in general, including issues around the federal debt ceiling, could cause interest rates and borrowing costs to rise, which may negatively impact both the perception of credit risk associated with the Fund Group’s investment portfolio and its ability to access debt markets on favorable terms.

Emerging, Developing and Under-Developed Markets.  Settlor may invest any portion of its capital in Financial Instruments of issuers domiciled or operating in emerging, developing and under-developed markets.  Investing in these markets may involve heightened risks (some of which could be significant) and special considerations not typically associated with investing in other more established economies or securities markets.  Such risks may include, but are not limited to: increased risk of nationalization or expropriation of assets or confiscatory taxation; greater social, economic and political uncertainty including war; higher dependence on exports and the corresponding importance of international trade; greater volatility, less liquidity and smaller capitalization of securities markets; greater volatility in currency exchange rates; greater risk of inflation; greater controls on foreign investment and limitations on repatriation of invested capital and on the ability to exchange local currencies for U.S. dollars;  increased likelihood of governmental involvement in and control over the economies; governmental decisions to cease support of economic reform programs or to impose centrally planned economies; differences in auditing and financial reporting standards which may result in the unavailability of material information about issuers; less extensive regulation of the securities markets; less established tax laws and procedures; longer settlement periods for securities transactions and less reliable clearance and custody arrangements; less developed corporate laws regarding fiduciary duties of officers and directors and the protection of investors; and certain considerations regarding the maintenance of settlor securities and cash with non-U.S. brokers and securities depositories.

Force Majeure Risk.  Companies or assets may be affected by force majeure events (i.e., events beyond the control of the party claiming that the event has occurred, including, acts of God, fire, flood, earthquakes, outbreaks of infectious disease, pandemic or any other serious public health concern, war, terrorism and labor strikes).  Natural disasters, epidemics and other acts of God, which are beyond the control of the Investment Manager, may negatively affect the economy, infrastructure and livelihood of people throughout the world.  For example, several countries in Asia, including settlor, Japan, Indonesia and Australia have been affected by earthquakes, floods, typhoons, drought, heat waves or forest fires.  Disease outbreaks have occurred in Asia in the past and are affecting the United State and a number of other countries currently (including severe acute respiratory syndrome, or SARS, avian flu, H1N1/09 flu and Coronavirus) and any prolonged occurrence of infectious disease, or other adverse public health developments or natural disasters in any country in which the Fund targets investments may have a negative effect on the business operations of the Fund’s investments.  The result of catastrophic losses may either be uninsurable or insurable at such high rates as to make such coverage impracticable.  If such a major uninsured loss were to occur with respect to any of the Fund’s investments, the Fund could lose both invested capital and anticipated profits.

Some force majeure events may negatively affect the ability of a party (including a company or a counterparty to the Fund or a company) to perform its obligations until it is able to remedy the force majeure event.  In addition, the cost to a company or the Fund of repairing or replacing damaged assets resulting from such force majeure event could be considerable.  Certain force majeure events (such as war or an outbreak of infectious disease) could have a broader negative impact on the world economy and international business activity generally, or in any of the countries in which the Fund invests specifically.  Additionally, a major governmental intervention into industry, including the nationalization of an industry or the assertion of control over one or more companies or assets, could result in a loss to the Fund, including if its investment in such company or asset is canceled, unwound or acquired (which could be without what the Fund considers to be adequate compensation).  Any of the foregoing may therefore negatively affect the performance of the Fund and its investments.

Political Uncertainty.  Following the Global Financial Crisis and the subsequent uneven global recovery, the rise of populist political parties and economic nationalist sentiments has led to increasing political uncertainty and unpredictability throughout the world, including within many countries in Europe.  For example, in France, there are growing demonstrations (the so-called “yellow vests movement”) to protest recent tax increases and to express broader discontent at the incumbent French government led by President Macron.  Such protests, which began in November 2018, have led to similar demonstrations in countries around the world.  Among the attendant risks of such rising populist movements and economic nationalist sentiments are greater regulatory uncertainty, including, for example, regarding the posture of governments with respect to changes in the structure and regulation of public, private and quasi-governmental institutions with which the Fund may transact, taxation and international trade, and law enforcement and other regulatory and political developments, in each case, that could have a negative effect on the Fund and its investments.  Recent elections within certain major Western European economies have mitigated these concerns to some degree.  However, the results of future global elections, including, but not limited to, in the United States, and the ability of current governments to maintain effective coalitions remain uncertain.  Political instability or uncertainty in the future could have a negative effect on the economy of such countries including, but not limited to, in the United States. Political instability or uncertainty in the future could have a negative effect on the economy of many countries.

United Kingdom Withdrawal from the European Union.  On March 29, 2017, the United Kingdom (the “UK”) formally notified the European Council of its intention to leave the EU.  The UK formally left the EU on January 31, 2020, at 11.00 pm after which it entered the transition period, which ended on December 31, 2020.  During the transition period, the majority of the existing EU rules applied in the UK. On December 24, 2020, the UK government and the EU Commission provisionally agreed to a trade and cooperation agreement governing their future relationship, which has been ratified by the UK Parliament.  The trade agreement still needs to be ratified by the EU Parliament, and thereafter adopted by the EU Council.  Until such ratification is complete, the terms of the new agreement apply on a provisional basis from the end of the transition period.  Although the terms of the UK’s future relationship with the EU have been provisionally agreed, there is still uncertainty as to the extent to which UK businesses will have access to the EU single market, and the extent to which EU business have access to the UK market.  There is also a risk of significant disruption to trade between the UK and the EU, particularly in the initial period following the end of the transitional period and the implementation of the new trade arrangements.  Finally, there is no guarantee that the trade agreement will achieve the ratification it requires to become permanent.  There can be no assurance that any renegotiated laws or regulations will not have an adverse impact on the Fund and its investments, including the ability of the Fund to achieve its investment objectives.  The ongoing legal, political and economic uncertainty generally resulting from the UK’s exit from the EU may adversely affect both EU and UK-based businesses.  This uncertainty may also result in an economic slowdown and/or a deteriorating business environment in the UK and in one or more EU member states.

Russian Invasion of Ukraine.  On February 24, 2022, Russia launched a large-scale invasion of Ukraine marking the largest escalation of crisis in Ukraine to date.  Although the Russian invasion, and the conflict in Ukraine is ongoing and its long-term effects remain to be seen, the 2022 Russian invasion of Ukraine is likely to cause significant economic disruption and further calls from other countries for a severe sanctions regime that would seek to further isolate Russia from the world economy.  In response to the Russian invasion of Ukraine in February 2022, the EU, the U.S., the U.K. and other governmental entities have passed a variety of severe economic sanctions and export controls against Russia, including imposition of sanctions against Russia’s Central Bank and largest financial institutions.  In addition, several businesses have curtailed or suspended activities in Russia or dealings with Russian counterparts for reputational reasons.  The current sanctions have had and may continue to have the effect of causing significant economic disruption and may adversely impact the global economy generally, and the Russian economy specifically, among other things, creating instability in the energy sectors, reducing trade as a result of economic sanctions and increased volatility and uncertainty in financial markets, including Russia’s financial sector.  Additionally, any new or expanded sanctions that may be imposed by the U.S., EU, UK, or other countries could greatly adversely affect the Fund’s operations.  Overall, the situation in Ukraine remains uncertain and how it will unfold or impact the Fund’s business or results of operations cannot be predicted.  The potential further repercussions surrounding the situation in Ukraine are unknown and no assurance can be given regarding the future of relations between Russia and other countries or the impact of future and additional sanctions.  Any or all the above factors could have a material adverse effect on the Fund’s investments and operations.

Israel. On October 7 2023, Hamas and several other Palestinian nationalist militant groups launched coordinated armed incursions from the Gaza Strip into the Gaza Envelope of southern Israel, the first invasion of Israeli territory since the 1948 Arab–Israeli War.  The attack coincided with the Jewish religious holiday Simchat Torah.  Hamas and other Palestinian armed groups named the attacks Operation Al-Aqsa Flood, while in Israel they are referred to as Black Saturday or the Simchat Torah Massacre, and internationally as the October 7 attacks.  The attacks initiated the ongoing Israel Hamas war.  The attacks began early on October 7 with a barrage of at least 4,300 rockets launched into Israel and vehicle-transported and powered paraglider incursions into Israel.  Hamas fighters breached the Gaza–Israel barrier, attacking military bases and massacring civilians in 21 communities, including Be'eri Kfar Aza, Nir Oz, Netiv HaAsara, and Alumim.  According to an IDF report that revised the estimate on the number of attackers, 6,000 Gazans breached the border in 119 locations into Israel, including 3,800 from the "elite Nukhba forces" and 2,200 civilians and other militants.  Additionally, the IDF report estimated 1,000 Gazans fired rockets from the Gaza Strip, bringing the total number of participants on Hamas's side to 7,000.  With the war spreading to Lebanon and constant rocket attacks from Iran, Iraq, Lebanon Syria and Yemon there is a great chance of a major escalation.  Overall, the situation in the Middle East remains uncertain and how it will unfold or impact on the Trusts business or results of operations cannot be predicted.  The potential further repercussions surrounding the situation in the Middle East are unknown and no assurance can be given regarding the future of relations between Iran Europe the US, Jordon and other countries or the impact of future and additional sanctions.  Any of the above factors could have a material adverse effect on the Trusts’ investments and operations.

Pooled Accounts.  Funds in the Omega Trust portfolio are from many individual investors that are aggregated for the purposes of investment.  Settlors in pooled funds benefit from the economies of scale, which allow for lower trading costs per dollar of investment, and diversification. Funds are not segregated.

Trade Execution.  Settlor trade request and reporting of trades are recorded on the Omega International Trust web and App platforms.  It is the trustee in their sole discretion. to initiate Trade execution with the liquidity provider and is subject to the trustee’s discretion, market liquidity, ability to execute, and Trust liquidity availability and market conditions.

Omega International Trust has sole discretionary authority to determine which trades and the amounts of positions that are bought or sold.  If they are hedged, anticipatory hedges as well as the broker-dealer or the liquidity provider to be used and the commission rates to be paid with respect to its trades and deposits are also at the discretion of Omega Trust.  Not one of the settlors will have the ability to place any limits on the Omega Trusts authority to hold funds, or execute trades or pool deposits and add or remove trades. Each settlor by accepting this Settlor agreement and disclosure document has agreed to an investment management agreement granting to the Trustee and Investment Manager total discretionary trading and money management authority.  This includes the right to lose all their investment.

Monetary Policy and Governmental Intervention.  Recent actions by the Board of Governors of the Federal Reserve and certain non-U.S. central banks, including the European Central Bank, and other central banks, including changes in policies, may have a significant and ongoing effect on interest rates and on the U.S. and world economies generally.  This in turn may affect the performance of the Fund’s investments on an absolute or relative basis.  In addition to the above the consequences of the extensive changes to the regulation of various markets and market participants contemplated by the legislation and increased regulation arising out of the global financial crises have not been fully implemented in all cases and therefore the ultimate effects thereof are difficult to predict or measure with certainty.  Negative interest rates or fees of this type could have an adverse effect on private equity funds, such as the Fund. The Fund may be forced to bear such costs, effectively losing money on cash deposits, or seek to find alternative means of holding short-term reserves and cash balances.  Such alternative arrangements may bear greater risk of loss of principal, longer lockup periods (e.g. money market funds or certificates of deposit), or other less favorable terms.  In addition, because of the foregoing, the Fund may choose to keep less cash or reserves on hand, which could result in a greater frequency of capital calls from Fund’s investors and greater reliance on borrowing, along with related costs.  Further, in response to U.S. bank regulatory guidance on leveraged lending intended to curtail certain leveraged lending to market participants such as private equity firms, in connection with their investment activities, and private equity funds may need to finance portfolio investments with a greater proportion of equity relative to prior periods and the terms of debt financing may be less flexible for borrowers compared to prior periods. These developments may impair the Fund’s ability to consummate transactions and cause the Fund to enter transactions on less favorable terms, including both acquisitions and exits as borrowings may be limited or certain loan terms may no longer be available to potential buyers.

Cash and Forward Trading.  Settlors may trade cash commodities and forward contracts.  These contracts, unlike exchange-traded futures contracts and options on futures, are not regulated.  Therefore, a settlor will not receive any benefit of regulation for these trading activities.  These transactions are not exchange-traded and thus create non-performance risk because no clearinghouse or exchange stands ready to meet the obligations of the contract.  This risk may cause some or all a settlor’s gains to be unrealized.  At times, certain market makers have refused to quote prices for cash commodities or forward contracts or have quoted prices with an unusually widespread between the price at which they are prepared to buy and sell.  If this occurs, the Investment Manager may be unable to effectively use his cash and forward trading programs, and a settlor could experience significant losses.

 

Co-Investments with Third Parties.  A settlor may co-invest with third parties through joint ventures or other entities.  Such investments may involve risks in connection with such third-party involvement, including the possibility that a third-party co-venturer may have financial difficulties resulting in a negative impact on such investment, may have economic or business interests or goals that are inconsistent with those of a settlor or may be able to take (or block) action in a manner contrary to a settlor investment objective.  In those circumstances where such third parties involve a management group, such third parties may enter compensation arrangements relating to such investments, including incentive compensation arrangements.  Such compensation arrangements will reduce the returns to participants in the investments and create potential conflicts of interest between such parties and a settlor. Based on the compensation structure or composition of investors participating in such co-investment opportunities, the Omega International Trust Group may be biased when determining the capacity of a settlor with respect to certain investments.

Payment of Fees and Incentive Compensation.  The Trustee will deduct fees and operational costs from the assets of each of the settlors deposit and or account fees incurred in the trades.

Expenses.  In addition to the fees and compensation described above, each Settlor bears responsibility to pay operational expenses of their Trust.  Examples include expenses generally, are not limited to legal and other organizational expenses including all expenses relating to the initial and ongoing offer and sale of interests and the negotiation of side letters, operating and other expenses, including, but not limited to, investment-related expenses (for example, consulting, advisory, investment banking, valuation, legal and other professional fees relating to investments, broken deal expenses and other transactional charges, fees or costs, research-related expenses, including, without limitation, news and quotation equipment and services, market data services for example Devexperts, DX Feed and liquidity provides and also including portfolio risk management services); brokerage commissions; clearing and settlement charges; custodial fees; interests expenses legal expenses (including with respect to litigation and threatened litigation, if any, including with respect to past holdings); any compliance expenses incurred in connection with Trust operations and portfolio holdings, including accounting tax returns expenses related to the maintenance of a settlor or account’s registered office; corporate licensing; middle office, reconciliation, operational settlement and other outsourced services; fees of pricing, data and exchange services; valuation firms and financial modeling services; the costs and expenses related to acquisition, installation, servicing of, and consulting with respect to, order, trade, and commission management products and services (including, without limitation, risk management and trading software or database packages and); travel and lodging expenses incurred, which may include business or first-class airfare and private air travel, including reimbursement of Omega International Trust or its affiliates for use of chartered aircraft owned or leased by them up to the rate of an equivalent first-class ticket; accounting, audit and tax advice and preparation expenses (including preparation costs of financial statements, tax returns, reports to investors and  printing and mailing costs; market information systems and computer software and information expenses; insurance costs (including, without limitation, directors’ and officers’ liability or other similar insurance policies, errors and omissions insurance and other similar policies for the benefit of each settlor); filing and registration fees (e.g., blue sky and corporate filing fees and expenses); fees of the administrator; directors’ fees or fees of an advisory board or the independent representative committee (each, if applicable).  Also the Management Fee; any extraordinary expenses (including indemnification or litigation expenses and any judgments or settlements paid in connection therewith);and all other costs and expenses arising out of indemnification obligations; any and all taxes (including entity-level taxes) and governmental fees or other charges payable by or with respect to or levied against a settlor, its investments, or to Federal, state or other governmental agencies, domestic or foreign, including real estate, stamp or other transfer taxes and similar regulations .  For the avoidance of doubt, “similar expenses” refers to any expenses that are similar in type and nature to the expenses described in the previous sentence, and any expenses determined by the Trustee to be primarily related to providing the proper infrastructure for the manages and an Investment Manager in connection with a Trusts investments and operations.  All or a portion of any brokerage and research-related expenses may be paid for using soft dollars generated by each settlor. Such expenses will be allocated in proportion to the settlors assets under management (i.e., notional value, net asset value or capital amount, as appropriate), the size of the investment made by each in the activity or entity to which the expense relates, or in such other manner as Omega International Trust and its affiliates considers fair and equitable.

Omega International Trust will opportunistically implement whatever strategies, risk management techniques and discretionary approaches, as well as such other investment tactics, as it believes, from time to time, may be suited to prevailing market conditions.  Omega International Trust may utilize such leverage, position size, duration and other portfolio management techniques as it believes are appropriate for settlor.  Prospective investors must recognize that in investing, they are placing their capital indirectly under the full discretionary the management of Omega International Trust and authorizing Omega International Trust indirectly to trade using whatever strategies in such manner as Omega International Trust may determine.  Any of these new investment strategies, techniques, discretionary approaches and investment tactics may not be thoroughly tested before being employed and may have operational or other shortcomings which could result in unsuccessful investments and, ultimately, losses to the settlor. The settlor generally will not be informed of any changes in Omega International Trust’s strategies, techniques, discretionary approach and tactics.  There can be no assurance that Omega International Trust will be successful in applying its approach and there is a material risk that the settlor may suffer significant impairment or total loss of its capital.  Investing in securities involves a risk of loss that investors should be prepared to bear.  Investors should be aware that they will be required to bear the financial risks of an investment in any Fund for a substantial period.  An investment in one or more products is suitable only for sophisticated investors who fully understand and are willing to assume the risks involved in the investment program of the relevant settlor(s), including, without limitation, the risks that Omega International.  Trust may not achieve its investment objectives and that investors may lose all or part of their investment.

Custody and Banking Risks.  The Funds will maintain the assets with one or more banks or other depository institutions (“banking institutions”), which may include US and non-US banking institutions, and may enter credit facilities or have other financial relationships with banking institutions.  The distress, impairment or failure of one or more banking institutions with whom the settlor and/or the Investment Manager interact may inhibit the ability of the settlor or the Investment Manager to access depository accounts or lines of credit at all or in a timely manner.  In the event of such a failure of a banking institution where a settlor or the Investment Manager holds depository accounts access to such accounts could be restricted and U.S. Federal Deposit Insurance Corporation’s (FDIC) protection may not be available for balances in excess of amounts insured by the FDIC (and similar considerations may apply to banking institutions in other jurisdictions not subject to FDIC protection).  In such instances, the settlor may not recover such excess, uninsured amounts and instead, would only have an unsecured claim against the banking institution and participate pro rata with other unsecured creditors in the residual value of the banking institution’s assets.  The loss of amounts maintained by a banking institution or the inability to access such amounts for a period of time, even if ultimately recovered, could be materially averse to the settlor or the Investment Manager.  In addition, a settlor or General Partner and/or the Investment Manager may not be able to identify all potential solvency or stress concerns with respect to a banking institution or to transfer assets from one bank to another in a timely manner in the event a banking institution comes under stress or fails.

Trading in Currencies.  A principal risk in trading currencies is the rapid fluctuation in the market prices of currency contracts.  Prices of currency contracts traded by a settlor are affected generally by relative interest rates, which in turn are influenced by a wide variety of complex and difficult to predict factors, such as money supply and demand, balance of payments, inflation levels, fiscal policy, and political and economic events.  In addition, governments can and will intervene, directly and by regulation, in these markets, with the specific effect, or intention of influencing prices which may, together with other factors, cause all such markets to move rapidly in the same direction because of, among other things, interest rate fluctuations.  A settlor may or may not seek to hedge its currency exposure

Credit Derivatives.  The Trustee may purchase and sell credit derivatives.  Credit derivatives trading is subject not only to the credit risk of the issuer and to the underlying obligations to which such derivatives are referenced, but also, to those bilateral contracts which are not centrally cleared, to the credit risk of the counterparty to the credit derivative transaction.  A default by a credit derivative counterparty could result in a substantial loss to a settlor.  For centrally cleared derivatives, a settlor is also exposed to the risk of failure of the central clearinghouse and a settlor brokers.  In certain cases, the credit derivatives market is significantly less liquid than the market in the underlying debt obligations, due to the generally customized and individually negotiated terms of such derivatives, and provisions restricting the assignment or transfer of such credit derivatives.

Derivative Financial Instruments and Instruments Generally.  A settlor may utilize both exchange-traded and OTC derivative securities and instruments to gain exposure to the value of Financial Instruments. Derivative securities and instruments, or “derivatives,” include securities, instruments and contracts that are derived from and are valued in relation to one or more underlying securities, financial benchmarks or indices.  Derivatives typically allow an investor to hedge or speculate upon the price movements of a particular security, financial benchmark or index at a fraction of the cost of acquiring, borrowing or selling short the underlying asset.  The value of a derivative depends largely upon price movements in the “referenced” (or “underlying”) asset.  Therefore, many of the risks applicable to trading the underlying asset are also applicable to derivatives trading.  However, there are several additional risks associated with derivatives trading.  Transactions in certain derivatives are subject to clearance on a U.S. registered clearinghouse or exchange and to regulatory oversight, while other derivatives are subject to risks of trading in OTC markets, via “pink sheets” or on non-U.S. clearinghouses or exchanges.  Settlor assets are subject to the risk of the failure of any of the exchanges on which its positions trade or of its clearinghouses or counterparties.  Derivative instruments are highly volatile, involve certain special risks and expose investors to a high risk of loss.  Price movements of futures and options contracts and payments pursuant to swap agreements are influenced by, among other things, interest rates, changing supply and demand relationships, trade, fiscal, monetary and exchange control programs and policies of governments, and national and international political and economic events and policies.  The value of futures, options and swap agreements also depends upon the price of the commodities or other referenced assets underlying them.  The low initial margin deposits normally required to establish a position in such instruments permit a high degree of leverage.  As a result, depending on the type of instrument, a relatively small movement in the price of a contract may result in a profit or a loss which is high in proportion to the amount of funds placed as an initial margin and may result in unquantifiable further losses exceeding any margin deposited.  In addition, daily limits on price fluctuations and speculative position limits on exchanges may prevent prompt liquidation of positions resulting in potentially greater losses.  Further, when used for hedging purposes, there may be an imperfect correlation between these instruments and the investments or market sectors being hedged.  Transactions in OTC contracts may involve additional risk as there is no exchange market on which to close out an open position.  It may be impossible to liquidate an existing position, to assess the value of a position or to assess the exposure to risk.  Contractual asymmetries and inefficiencies can also increase risk, such as breaking clauses, whereby a counterparty can terminate a transaction based on a certain reduction in net asset value of a settlor, incorrect collateral calls or delays in collateral recovery.  A settlor may also sell covered and uncovered options on securities.  To the extent that such options are uncovered, a settlor could incur an unlimited loss.  Additional risks associated with derivatives trading include Tracking.  When used for hedging purposes, an imperfect or variable degree of correlation between price movements of the derivatives and the underlying investment sought to be hedged may prevent a settlor from achieving the intended hedging effect or expose a settlor to risk of loss.  If a settlor invests in derivatives at inopportune times or incorrectly judges market conditions, the investments may lower the return of a settlor or result in a loss.  A settlor also could experience losses if derivatives are poorly correlated with its other investments.

 

Liquidity.  Derivatives, especially when traded in large amounts, may not be liquid in all circumstances, so that in volatile markets a settlor may not be able to close out a position without incurring a loss.  In addition, daily limits on price fluctuations and speculative position limits on exchanges on which a settlor may conduct its transactions in derivatives may prevent profitable liquidation of positions, subjecting a settlor to the potential of greater losses.  The market for many derivatives is, or suddenly can become, illiquid, which may result in significant, rapid and unpredictable changes in the prices for derivatives.

 

Leverage. Trading in derivatives may involve significant leverage.  Thus, the leverage offered by trading in derivatives will magnify the gains and losses experienced by a settlor and could cause a settlor net asset value to be subject to wider fluctuations than would be the case if a settlor did not use the leverage feature of derivatives.  

 

Derivatives: Derivatives that may be purchased or sold by a settlor may include securities and instruments not traded on an exchange or cleared by a central clearinghouse.  The risk of nonperformance by the obligor on such security or instrument may be greater than, and the ease with which a settlor can dispose of or enter into closing transactions with respect to such security or instrument may be less than, the risk associated with an exchange traded or centrally cleared security and instrument.  In addition, significant disparities may exist between “bid” and “asked” prices for derivatives that are not traded on an exchange. Derivatives not traded on exchanges or cleared by registered clearinghouses also are not subject to the same type of government regulation as exchange traded or centrally cleared securities and instruments, and many of the protections afforded to participants in a regulated environment may not be available in connection with such transactions.  For example, there is no limitation on daily price movements on these instruments.  The principals dealing in these markets are also not required to continue to make markets, and these markets can experience periods of illiquidity, sometimes of significant duration.  There have been periods during which certain participants in these markets have refused to quote prices for certain contracts or have quoted prices with unusually wide spreads between the prices at which they were prepared to buy and those at which they were prepared to sell.  Market illiquidity or disruption could result in significant losses to a settlor.  A settlor may take advantage of opportunities with respect to certain other derivative instruments that are not presently contemplated for use or that are currently not available, but that may be developed, to the extent such opportunities are deemed by the Investment Manager to be consistent with the investment objective of a settlor.  Special risks may apply to instruments that are invested in by a settlor in the future that cannot be determined at this time or until such instruments are developed or invested in by a settlor.

Synthetic Assets; Credit Default Swaps.  A settlor may enter into credit default swaps or acquire credit-linked notes secured by credit default swaps for, among other reasons, the purpose of implementing the Investment Manager’s view that a particular credit, or group of settlor, will experience credit improvement or credit deterioration, or to pursue other investment strategies.  In the case of expected credit improvement, a settlor may “write” or “sell” credit default protection in exchange for a fixed premium or spread income.  A settlor may also “purchase” credit default protection even in the case in which it does not own the referenced obligation if, in the judgment of the Investment Manager, there is a high likelihood of credit deterioration.  Swap transactions dependent upon credit events are priced, incorporating many variables including the pricing and volatility of the underlying Reference Obligation (as defined below), and potential loss upon default, among other factors.  As such, there are many factors upon which market participants may have divergent views.  Specifically, a settlor may acquire exposure to the risk of certain Financial Instruments synthetically through products such as credit default swaps, total return swaps, credit linked notes, structured notes, trust certificates and other derivative instruments (each, a “Synthetic Asset”).  A Synthetic Asset could take many forms, including a credit derivative transaction that references a specific Financial Instrument, or a credit derivative transaction that references a portfolio or index of reference obligations consisting of multiple Financial Instruments (each, a “Reference Obligation”).  Selling credit default protection creates a synthetic “long” position which may replicate credit exposure to the Reference Obligation.  However, there can be no assurance that the price relationship between the Reference Obligation and the Synthetic Asset will remain constant (as, among other reasons, the pricing of each may be based upon different factors), and events unrelated to the Reference Obligation (such as those affecting availability of borrowed money and liquidity) can cause the price relationship to change.  This risk is often referred to as “basis risk”, and it may cause a settlor to realize a greater loss on a Synthetic Asset than might otherwise be the case with a direct investment in a Reference Obligation.

As a “seller” of credit default protection, a settlor will generally receive a fixed rate of income throughout the term of the contract, which generally is between six months and ten years (depending on the maturity of the underlying Reference Obligation), if there is no credit event.  If a credit event occurs, a settlor(as the seller of protection) will be required to pay the notional value of the Reference Obligation and, depending on the terms of the contract, either may receive in return a security representing the Reference Obligation, which will have a heavily discounted value or perhaps little or even no value, or may receive nothing in return other than the right to receive reimbursements of recoveries from the counterparty to the extent that the Reference Obligation subsequently performs.  Exposure to Reference Obligations through Synthetic Assets presents risks in addition to those resulting from direct purchases of the assets referenced.  A settlor will have a contractual relationship only with the Synthetic Asset counterparty, and not with the issuer(s) (the “Reference Entity”) of the Reference Obligations unless a termination (in whole or in part) of the contract prior to such contract’s scheduled maturity date (in the event that a credit event occurs with respect to any such Reference Obligation), physical settlement applies and the Synthetic Asset counterparty delivers the Reference Obligation to a settlor.  Other than in the event of such a delivery, a settlor generally will have no right directly to enforce compliance by the Reference Entity with the terms of any such Reference Obligation and a settlor will not have any rights of set-off against the Reference Entity.  In addition, a settlor generally will not have any voting or other consensual rights of ownership with respect to the Reference Obligation.  A settlor also will not directly benefit from any collateral supporting the Reference Obligation and will not have the benefit of the remedies that would normally be available to a holder of such Reference Obligation.

Where the Trusts “purchaser” of credit default protection and no credit event occurs, the settlor will lose its investment and recover nothing.  However, if a credit event occurs, a settlor (as purchaser) may receive the notional value of the Reference Obligation from the Synthetic Asset counterparty even if the Reference Obligation has little or no value.  In the event of the bankruptcy or insolvency of the Synthetic Asset counterparty, a settlor will be treated as a general unsecured creditor of such counterparty and will not have any claim of title with respect to the Reference Obligation.  Consequently, a settlor will be subject to the credit risk of the Synthetic Asset counterparty, as well as that of the Reference Entity.  As a result, concentrations of Synthetic Assets entered with any one Synthetic Asset counterparty will subject a settlor to an additional degree of risk with respect to defaults by such Synthetic Asset counterparty as well as by the respective Reference Entities.  Where a settlor is the purchaser of credit default protection, a settlor is exposed to the risk that the Synthetic Asset counterparty may fail to satisfy its payment obligation to a settlor following a credit event.  The failure of a Synthetic Asset counterparty to perform may cause a settlor hedging strategies, to the extent that they involve the purchase of credit default protection, to be less effective or ineffective Bank Loans and Participations. A settlor investment program may include bank loans and participations.  These obligations are subject to unique risks, including: (i) the possible invalidation of an investment transaction as a “fraudulent conveyance” under relevant creditors’ rights laws; (ii) so-called “lender liability” claims by the issuer of the obligations; (iii) environmental liabilities that may arise with respect to collateral securing the obligations; and (iv) limitations on a settlor ability to enforce its rights directly with respect to participations.  In analyzing each bank loan or participation, the Investment Manager compares the relative significance of the risks against the expected benefits.  Successful claims by third parties can adversely impact a settlor and its performance. Distressed Financial Instruments.

Uncertain Exit Strategies.  Due to the potentially illiquid nature of the positions (considering such factors as “trading windows”) which the Fund may acquire, the Investment Manager is unable to predict with confidence what the exit strategy will ultimately be for any given investment.  Exit strategies that appear to be viable when an investment is initiated may be precluded by the time the investment is ready to be realized due to economic, legal, political or other factors.

Valuation Risk; Use of Estimates.

Assets and liabilities of settlor will be valued in good faith in accordance with the Investment Manager’s valuation policy.  There is no guarantee that the value determined according to the valuation policy will represent the value that will be realized by a settlor on the eventual disposition of the investment or that would, in fact, be realized upon an immediate disposition of the investment.  As a result, an investor withdrawing his fund interests prior to realization of such an investment may not participate in gains or losses therefrom.  Additionally, a settlor’s portfolio of investments may, at any given time, include Financial Instruments that are illiquid, are thinly traded or which a limited market or no market exists, or which are restricted as to their transferability under applicable laws.  These investments (as well as other investments held by a settlor) may be difficult to value accurately.  In light of the foregoing, there is a risk that a fund investor that makes a withdrawal while the settlor holds such investments will be paid an amount less than it would otherwise be paid if the actual value of such investments is higher than the value designated pursuant to the valuation policy.  Similarly, there is a risk that such fund investors might, in effect, be overpaid if the actual value of the investments is lower than the value designated pursuant to the valuation policy.

The Management Fee and the incentive allocation or performance fee are calculated based on valuations ascribed to settlor holdings by applying the Investment Manager’s valuation policy.  To the extent that the General Partner and/or the Investment Manager participate in any valuation pursuant to its valuation policy, the Management Fee and the incentive allocation or performance fee may create an incentive for the General Partner and/or the Investment Manager to assign biased valuations to settlor holdings, and in particular to its illiquid or hard-to-value holdings.  Additionally, the Investment Manager or the General Partner, in their sole discretion, may determine that the valuation policy results in valuations that do not accurately reflect fair values, and consequently may amend the valuation procedures as deemed appropriate by it to result in valuations that it believes would better reflect fair values.  Such amendments may have a material effect on the valuations of the assets of settlor portfolios, and as a result, these and other events may have poor results, on the Management Fee and incentive allocation or performance fee that settlor’s net asset value will be based, to the extent possible, on quotes provided by brokers and other competent third-party pricing sources.  However, certain valuations cannot be made based on third-party pricing sources.  The fair market value of those investments for which a reliable third-party quote is not available is based on other relevant sources deemed reliable by the Investment Manager in their good faith judgment.  To the extent that there is a pricing uncertainty beyond acceptable tolerances, the final authority ultimately rests with the General Partner, in consultation with the Investment Manager, to resolve such uncertainty.  All value assigned to Financial Instruments and other assets or liabilities by the Investment Manager shall be final and conclusive as to all the settlors.

Compensation to the General Partner and the Investment Manager.  Incentive allocation or fee, which arrangement was arrived at without negotiation with any third party, may create an incentive for the Investment Manager to cause its settlor to make investments that are riskier or more speculative than would be the case if such compensation were not performance-based, particularly in any period after losses have been suffered.  Further, as described herein, the Investment Manager may value certain Financial Instruments of a settlor based on its then-current valuation policy.  In valuing such Financial Instruments, the Investment Manager will be subject to a conflict of interest since the incentive fee or allocation and the Management Fee paid to the Investment Manager will be calculated, in part, based on the values assigned to such Financial Instruments by the Investment Manager.  In addition, because the incentive fee or allocation is calculated on a basis that includes unrealized appreciation, the incentive fee or allocation will be different from (and may be greater than) the result that would have been obtained if the incentive fee or allocation were calculated based solely on realized gains.  Further, as described herein, each settlor’s securities will be valued based on the Investment Manager’s then-current valuation policy. The valuation of illiquid and hard-to-value securities, including private securities, is challenging and the values ascribed to such investments are likely to involve certain subjective assumptions and may give rise to a conflict of interest since the Management Fee and the incentive allocation or fee are calculated based on valuations ascribed to the settlor’s holdings by applying the Investment Manager’s valuation policy.  To the extent that the Investment Manager is in any valuation pursuant to the Investment Manager’s valuation policy, the Management Fee and the incentive allocation or fee may create an incentive for the Investment Manager to assign biased valuations to such settlor’s holdings, and in particular to its illiquid or hard-to-value holdings.

If Omega International Trust determines that the purchase or sale of a security is appropriate regarding multiple settlors Omega may, but is not obligated to, purchase or sell such a security on behalf of such settlors with an aggregated order, for the purpose of reducing transaction costs, to the extent permitted by applicable law.  If any order is not filled at the same price, it may be allocated on an average price basis or by another method deemed fair and equitable by Omega International Trust.  Such considerations may result in allocations among the settlors on other than a Pari passu basis.

On occasion, trades may be executed on behalf of Omega Trust Settlors that are inconsistent with the trading instructions of a portfolio manager or settlor or are the result of some other error in the trading process.  Given the volume of transactions executed by the Investment Manager and its affiliates on behalf of a settlor, investors should assume that trading errors (and similar errors) will occur and that a settlor will be responsible for any resulting losses, even if such losses result from the negligence or gross negligence of Omega International Trust and may be biased when determining whether losses resulting from a trading error will be borne by the settlors.

The foregoing list of risks does not purport to be a complete enumeration or explanation of the risks involved in an investment in Omega International trust by the settlor.

 

CUSTOMER ACCOUNT AGREEMENT

 

 This Customer Account Agreement (the "Agreement") sets forth the respective rights and obligations of Omega International Trust  ("you" or "your" ) and the Customer's (as defined below), and the customer(s) identified on the New Account Application (the "Customer") in connection with the Customer's trust account.  The Customer hereby agrees as follows with respect to the Account, which the Customer has established with trust the ability to purchase, sale or carrying of securities or contracts relating thereto and/or the borrowing of funds, which transactions are cleared through you.  To help governments fight the funding of terrorism and money laundering, international law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.  To open an account, the Customer will provide information that will allow you to identify the Customer including, but not limited to, the Customer's name, address, date of birth, and the Customer's driver's license or other identifying documents.

Applicable Rules and Regulations.  All transactions for the Account shall be subject to the constitution, rules, regulations, customs and usages of the exchange or market and its clearing house, if any, upon which such transactions are carried out, except as otherwise specifically provided in this Agreement.

Definitions. "Obligations" means all indebtedness, debit balances, liabilities or other obligations of any kind of the Customer to you, whether now existing or hereafter arising. "Securities and other property" shall include, but shall not be limited to, money, securities, commodities or other property of every kind and nature and all contracts and options relating thereto, whether for present or future delivery.  Investment

Objective Definitions.

1.      "Capital Preservation" - a conservative investment strategy characterized by a desire to avoid the risk of loss; "Income" - strategy focused on current income rather than capital appreciation; "Growth" - investing in stocks with strong earnings and/or revenue growth or potential.

2.      Speculation" (i) " taking larger risks, usually by frequent trading, with the hope of a higher than-average gain. All strategies involve various types and levels of risk, the most common of which are market, credit, inflation, business and interest rate.  Whenever in your discretion you consider it necessary for your protection, or for the protection of the Customer's Introducing Broker or in the event of, but not limited to; any breach by the Customer of this or any other agreement with you or (ii) the Customer's failure to pay for securities and other property purchased or to deliver securities and other property sold, you may sell any or all securities and other property held in any of the Customer's accounts (either individually or jointly with others), cancel or complete any open orders for the purchase or sale of any securities and other property, and/or borrow or buy-in any securities and other property required to make delivery against any sale, including a short sale, effected for the Customer, all without notice or demand for deposit of collateral, other notice of sale or purchase, or other notice or advertisement, each of which is expressly waived by the Customer, and/or you may require the Customer to deposit cash or adequate collateral to the Customer's account prior to any settlement date in order to assure the performance or payment of any open contractual commitments and/or unsettled transactions. . You have the right to refuse to execute securities transactions for the Customer at any time and for any reason.  Any and all securities and other property belonging to the Customer or in which the Customer may have an interest held by you or carried in any of the Customer's accounts with you (either individually or jointly with others) shall be subject to a first and prior security interest and lien for the discharge of the Customer's obligations to you, wherever or however arising and without regard to whether or not you have made advances with respect to such securities and other property, and you are hereby authorized to sell and/or purchase any and all securities and other property in any of the Customer's accounts, and/or to transfer any such securities and other property among any of the Customer's accounts to the fullest extent of the law and without notice where allowed..  The losses, costs and expenses, including but not limited to reasonable attorneys' fees and expenses, incurred and payable or paid by you in the collection of a debit balance and/or any unpaid deficiency in the accounts of the Customer with you or defense of any matter arising out of the Customer's securities transactions, shall be payable to you by the Customer..  The Customer understands that because of circumstances beyond broker-dealers’ control, its customers' voting rights may be impaired.  For example, if the stock of a company that another customer has purchased has not yet been received from the seller(s), then other customers' abilities to vote that company's stock could be impaired until those shares are received.  In addition, if the stock of a company that the Customer has purchased has not yet been received from the seller(s), then payments received by the Customer from the Introducing Broker, in lieu of the dividends on that stock not yet received, may receive tax treatment less favorable than that accorded to dividends. 

3.      Cancellation. You are authorized, in your discretion, should you for any reason whatsoever deem it necessary for your protection, without notice, to cancel any outstanding order, to close out the accounts of the Customer, in whole or in part, or to close out any commitment made on behalf of the Customer.  

4.      Payment of Indebtedness Upon Demand.  The Customer shall at all times be liable for the payment upon demand of any obligations owing from the Customer to you, and the Customer shall be liable to you for any deficiency remaining in any such accounts in the event of the liquidation thereof (as contemplated in Paragraph 3 of this Agreement or otherwise), in whole or in part, by you or by the Customer; and the Customer shall make payment of such obligations upon demand.

5.      Accounts Carried as Clearing Broker. The Customer understands that you are carrying the accounts of the Customer as clearing broker by arrangement with the Customer's Introducing Broker through whose courtesy the account of the Customer has been introduced to you.  Until receipt from the Customer of written notice to the contrary, you may accept from and rely upon the Customer's Introducing Broker for orders for the purchase or sale in said account of securities and other property, and any other instructions concerning the Customer's accounts.  The Customer represents that the Customer understands that you act only to clear trades introduced by the Customer's Introducing Broker and to effect other back-office functions for the Customer's introducing broker.  The Customer confirms to you that the Customer is relying for any advice concerning the Customer's accounts solely on the Trustee.  The Customer understands that all representatives, employees and other agents with whom the Customer communicates concerning the Customer's account are agents of the Introducing Broker, and not your representatives, employees or other agents and the Customer will in no way hold you liable for any trading losses that the Customer may incur. . The Customer understands that you are not a principal of or partner with, and do not control in any way, the Introducing Broker or its representatives, employees or other agents.  The Customer understands that you will not review the Customer's accounts and will have no responsibility for trades made in the Customer's accounts.  You shall not be responsible or liable for any acts or omissions of the Introducing Broker or its representatives, employees or other agents.  Notwithstanding the foregoing, if the Customer initiates a claim against you in your capacity as clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your defense of such claim.  The Customer understands you shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing Broker. Accounts Carried as Custodian.  In some cases, the Customer's account is being carried by arrangement with the Customer's Investment Advisor or Investment Manager, who uses you as their Broker-Dealer custodian.  The Customer acknowledges that your role as custodian is to hold our custody account assets, distribute or collect funds on behalf of the Customer's account, execute and clear trades under instruction of the Customer's Investment Advisor or Investment Manager, generate account statements and provide other custodial services as may be mandated by various regulatory standards and requirements.  The Customer understands that in the capacity as custodian, you will not offer investment advice, review the Customer's accounts, and will have no responsibility for trades made in the Customer's accounts. Additionally, in your capacity as custodian, you will not verify the accuracy of management fees that the Customer pays to Investment Advisors or Investment Managers pursuant to the terms of the Investment Management Agreement executed between the Customer and the Investment Advisor or Investment Manager. Notwithstanding the foregoing, if the Customer initiates a claim against you in your capacity as custodial broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your defense of such claim. Communications.  You may send communications to the Customer at the Customer's address on the New Account Application or at such other address as the Customer may hereafter give you in writing, and all communications so sent, whether by mail, telegraph, or otherwise, shall be deemed given to the Customer personally, whether received or not.  Reports of execution of orders and statements of accounts of the Customer shall be conclusive if not objected to in writing to you, the former within five (5) days and the latter within ten (10) days, after forwarding by you by mail or otherwise.  In consideration of your sending any mail to me in the care of a Post Office Box Address or a third party, I hereby agree that "all correspondence of any nature whatsoever" sent to me at such an address will have the same force and effect as if it had been delivered to me personally.

6.      ARBITRATION AGREEMENT. THIS AGREEMENT CONTAINS A PREDISPUTE ARBITRATION CLAUSE. BY SIGNING THE ARBITRATION AGREEMENT, THE PARTIES AGREE AS FOLLOWS:

a. ALL PARTIES TO THIS AGREEMENT ARE GIVING UP THE RIGHT TO SUE EACH OTHER IN COURT, INCLUDING THE RIGHT TO A TRIAL BY JURY EXCEPT AS PROVIDED BY THE RULES OF THE ARBITRATION FORUM IN WHICH A CLAIM IS FILED.

 b. ARBITRATION AWARDS ARE GENERALLY FINAL AND BINDING; AND A PARTY'S ABILITY TO HAVE A COURT REVERSE OR MODIFY AN ARBITRATION AWARD IS VERY LIMITED.

c. THE ABILITY OF THE PARTIES TO OBTAIN DOCUMENTS, WITNESS STATEMENTS AND OTHER DISCOVERY, IS GENERALLY MORE LIMITED IN ARBITRATION THAN IN COURT PROCEEDINGS.

d. THE ARBITRATORS DO NOT HAVE TO EXPLAIN THE REASON(S) FOR THEIR AWARD UNLESS, IN AN ELIGIBLE CASE, A JOINT REQUEST FOR AN EXPLAINNATION HAS BEEN SUBMITTED BY ALL PARTIES TO THE PANEL AT LEAST 20 DAYS PRIOR TO THE FIRST SCHEDULED DECISIONS HEARING DATE.

e. THE PANEL OF ARBITRATORS MAY INCLUDE A MINORITY OF ARBITRATORS WHO WERE OR ARE AFFILIATED WITH THE SECURITIES INDUSTRY.

f. THE RULES OF SOME ARBITRATION FORUMS MAY IMPOSE TIME LIMITS FOR BRINGING A CLAIM IN ARBITRATION.  IN SOME CASES, A CLAIM THAT IS INELIGIBLE FOR ARBITRATION MAY BE BROUGHT IN COURT.

g. THE RULES OF THE ARBITRATION FORUM IN WHICH THE CLAIM IS FILED, AND ANY AMENDMENTS THERETO SHALL BE INCORPORATED INTO THIS AGREEMENT.  THE FOLLOWING ARBITRATION AGREEMENT SHOULD BE READ IN CONJUNCTION WITH THE DISCLOSURES IN THE ABOVE  “CLIENT TRUST AND RISK DISCLOUSER AGREEMENT” AND ANY AND ALL CONTROVERSIES, DISPUTES OR CLAIMS BETWEEN THE CUSTOMER AND YOU, OR THE INTRODUCING BROKER, OR THE AGENTS, REPRESENTATIVES, EMPLOYEES, DIRECTORS, OFFICERS OR CONTROL PERSONS ACTING ON YOUR BEHALF OR THE INTRODUCING BROKER, ARISING OUT OF, OR IN CONNECTION WITH, FROM OR WITH RESPECT TO THE FOLLOWING;

h. ANY PROVISIONS OF THE VALIDITY OF THIS AGREEMENT OR ANY RELATED AGREEMENTS;

 i. THE RELATIONSHIP OF THE PARTIES HERETO, OR;

 j.. ANY CONTROVERSY ARISING OUT OF YOUR BUSINESS. THE INTRODUCING BROKER'S BUSINESS OR THE CUSTOMER'S ACCOUNTS SHALL BE CONDUCTED PURSUANT TO THE CODE OF ARBITRATION PROCEDURE OF THE FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA").  THE DECISION AND AWARD OF THE ARBITRATOR(S) SHALL BE CONCLUSIVE AND BINDING UPON ALL PARTIES, AND ANY JUDGMENT UPON ANY AWARD RENDERED MAY BE ENTERED IN A COURT HAVING AUTHORITY THEREOF, AND NEITHER PARTY SHALL OPPOSE SUCH ENTRY.

No person shall bring a putative or certified class action to arbitration, nor seek to enforce any pre-dispute arbitration agreement against any person who has initiated in court a putative class action; or who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until: (i) the class certification is denied; or (ii) the class is de-certified; or (iii) the customer is excluded from the class by the court.  Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to the extent stated herein.

7 Representations.  The Customer represents that the Customer is of majority age, that the Customer is not an employee of any exchange, or of any corporation of which any exchange owns a majority of the capital stock, or of a member of any exchange, or of a member firm or member corporation registered on any exchange or of a bank, trust company, insurance company or of any corporation, firm or individual engaged in the business dealing either as broker or as principal in securities, bills of exchange, acceptances or other forms of commercial paper.  If the Customer is a corporation, partnership, trust or other entity, the Customer represents that its governing instruments permit this Agreement, that this Agreement has been authorized by all applicable persons and that the signatory on the New Account Application is authorized to bind the Customer. The Customer represents that the Customer shall comply with all applicable laws, rules, and regulations in connection with the Customer's account.  The Customer further represents that no other person, except the Customer, has an interest in the account or accounts of you the Customer.

            8. Joint Accounts.  If the New Account Application indicates that the Account shall consist of more than one person, the Customer's obligations under this Agreement shall be joint and several. References for the "Customer" shall include each of the customers identified in the New Account Application.  You may rely on transfer or other instructions from any one of the Customers in a joint account, and such instructions shall be binding on each of the Customers. You may deliver securities or other property to, and send confirmations; notices, statements and communications of every kind, to any one of the Customers, and such action shall be binding on each of the Customers.  Notwithstanding the foregoing, you are authorized in your discretion to require joint action by the joint tenants with respect to any matter concerning the joint account, including but not limited to the giving or cancellation of orders and the withdrawal of money or securities.  In the case of Tenants by the Entirety accounts, joint action will be required for all matters concerning the joint account.  Tenants by Entirety are not recognized in certain jurisdictions, and, where not expressly allowed, will not be a permitted designation of the account.

9. Other Agreements. If the Customer trades any options, the Customer agrees to be bound by the terms of your Customer Option Agreement.  The Customer understands that copies of these agreements are available from you and, to the extent applicable, are incorporated by reference herein.  The terms of these other agreements are in addition to the provisions of this Agreement and any other written agreements between you and the Customer.

10. Data Not Guaranteed. The Customer expressly agrees that any data or online reports are provided to the Customer without warranties of any kind, express or implied, including but not limited to, the implied warranties of merchantability, fitness of a particular purpose or noninfringement.  The Customer acknowledges that the information contained in any reports provided by you is obtained from sources believed to be reliable but is not guaranteed as to its accuracy of completeness.  Such information could include technical or other inaccuracies, errors or omissions. In no event shall you or any of your affiliates be liable to the Customer or any third party for the accuracy, timeliness, or completeness of any information made available to the Customer or for any decision made or taken by the Customer in reliance upon such information. In no event shall you or your affiliated entities be liable for any special incidental, indirect or consequential damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damages, and on any theory of liability, arising out of or in connection with the use of any reports provided by you or with the delay or inability to use such reports.

12. [Intentionally left blank]

13. Credit Check.  You are authorized, in your discretion, should you for any reason deem it necessary for your protection to request and obtain a consumer credit report for the Customer.

14. Miscellaneous.  If any provision of this Agreement is held by a Tribunal authorized to function as the proper arbitrator to decide issues arising in this agreement to be invalid or unenforceable, it shall not affect any other provision of this Agreement.  The headings of each section of this Agreement are descriptive only and do not modify or qualify any provision of this Agreement.  This Agreement and its enforcement shall be governed by the laws of the state of Texas and shall cover individually and collectively all accounts which the Customer has previously opened, now has open or may open or reopen with you, or any introducing broker, and all previous, current and future transactions in such accounts.  Except as provided in this Agreement, no provision of this Agreement may be altered, modified, or amended unless the proposed alteration, modification or amendment is in writing signed by your authorized representative.  This Agreement and all provisions shall inure to the benefit of you and your successors, whether by merger, consolidation or otherwise, your assigns, the Introducing Broker, and all other persons specified in The deed of Trust. You shall not be liable for losses caused directly or indirectly by any events beyond your reasonable control, including without limitation government restrictions, exchange or market rulings, suspension of trading or unusually heavy trading in securities, a general change in economic, political or financial conditions, war or strikes. You may transfer the accounts of the Customer to your successors and assigns.  This Agreement shall be binding upon the Customer and the heirs, executors, administrators, successors and assigns of the Customer. Failure to insist on strict compliance with this Agreement is not considered a waiver of your rights under this Agreement.  At your discretion, you may terminate this Agreement at any time on notice to the Customer, the Customer will continue to be responsible for any obligation incurred by the Customer prior to termination.

 

 

 

Trading Risks and Disclosure Document

We believe it is imperative that you read and fully understand ALL of the following Disclosure and risks of trading and investing:

We are not, and do not claim to be investment advisors. The opinions and statements made in these publications are the result of extensive research and are believed to be accurate and from reliable sources. The contents are our current opinions only; further more conditions may cause our opinions to change without notice. The insights herein published are made solely for international and educational purposes. The contents in this publication are not to be construed as solicitation or recommendation to be used for formulation of investment decisions. WARNING market investment of any kind or speculation is a high-risk activity. Investors enter such activity at their own risk and must conduct their own due diligence to research and verify all aspects of any investment decision, if necessary seeking competent professional assistance.

Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, its subsidiaries, affiliates, related parties and its employees, agents, contractors and vendors are not brokers, personalized counsel on investing, taxes or law. We suggest, in fact we urge you to consult with qualified professionals in those fields for advice tailored to your individual needs. We are not licensed investment advisers, we are not licensed broker dealers, we are not Commodity Trade Advisors, you are free to use any broker, broker dealer or adviser you wish and this communication does not constitute an offering of US Treasury Bonds, Stocks, Commodities, futures, options, ETF's, ETN's or any other financial product, investment or instrument. “Neither this Communication, nor our Newsletter, Wall Street Insiders VIP Premium, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited gives personalized counsel on investing”

IMPORTANT INFORMATION

The offering, sale and/or distribution of information on some trading instruments on this website are not directed to persons in jurisdictions where such trading instruments are not allowed to individuals, including the United States of America (U.S.).

For example, C.F.D.'s (Contracts For Difference) are allowed for individuals in most parts of the world including Europe. At the present time, institutions are allowed to trade these new instruments but individuals are not. So when you see an occasional reference to these instruments, such information is not directed to individuals in the United States.

A “US Person” is generally defined as a natural person, who is permanently residing in the U.S. and/or each legal entity or organization which is organized in the U.S. or is incorporated according to the laws and regulations of this country. US Citizens who are residing outside of the U.S., might, under certain conditions, also be considered as a US Person.

Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited does not accept any liability for damages and/or losses caused by transactions and or other investment services, which are acquired contradictory to the laws and regulations of the jurisdictions under which the acquirer resides.

The content of this website may not be considered by US Persons as an offer or an invitation to acquire or sell financial trading instruments or any other trading investment product or service with regard to US Persons. The provision of services with regard to trading instruments, which also includes the advisory services in this regard, as described on this website, are not intended for and applicable to US Persons where such trading is restricted or contradictory to the laws and regulations of the jurisdictions under which the acquirer resides.

Margin transactions (Forex, contracts for difference CFD, futures and futures options, stock options, REPO transactions, transactions in over-the-counter derivatives and transactions using broker credit, including selling short) involve higher risk. The level of risk increases with the leverage ratio. As the result of margin transactions, relatively high profits are possible with low level of initial investments, as well as significant losses which may exceed the principal amount of investments or the amount of the collateral. Please ascertain whether margin transactions in their essence and content suit the risk profile and whether the content of margin transactions corresponds to your investment goals and our legal in your jurisdiction.

ACCREDITED INVESTOR CERTIFICATION

By subscribing I hereby certify that I am familiar with the definition of “accredited investor” as defined in Rule 501 of Regulation D issued pursuant to the Securities Act of 1933, as amended, and that I meet the criteria to qualify as an accredited investor.

GENERAL RISKS OF TRADING AND INVESTING

All securities trading, whether in stocks, options, or other investment vehicles such as commodities, is speculative in nature and involves substantial risk of loss. We encourage our subscribers to invest carefully and to utilize the information available at the websites of the Securities and Exchange Commission and the National Association of Securities Dealers or the Commodities Futures Trading Commission. You can review public companies filings at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its website. The CFTC has endless information for you on their web sight about the risks of commodity trading and information on selecting a broker, which we urge you to review and study. We also encourage you to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Most of our information is derived directly from information published by companies, government reports, widely publicized economic reports, economic opinions available in the press or submitted to governmental agencies on which we analyze and/or rate from other sources we believe are reliable, without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements, ratings, or recommendations.

1. You may lose money trading and investing.

Trading and investing in securities is always risky. For that reason, you should trade or invest only "risk capital" -- money you can afford to lose. While this is an individual matter, we recommend that you risk no more than 10% of your liquid net worth -- and, in some cases, you should risk less than that. For example, if 10% of your liquid net worth represents your entire retirement savings, you should not use that amount to buy and sell securities. Trading stock and stock options and commodities futures involves HIGH RISK and YOU can LOSE a lot of money.

2. Past performance is not necessarily indicative of future results.

All investments carry risk and all trading decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any kind of trading or investing they choose to do.

3. Hypothetical or simulated performance is not indicative of future results.

Unless specifically noted otherwise, all profit examples provided in the our websites and publications are based on hypothetical or simulated trading, which means they are done on paper or electronically based on real market prices at the time the recommendation is disseminated to the subscribers of this service, but without actual money being invested. Also, such examples do not include the costs of subscriptions, commissions, and other fees, or examples of other recommendations as to which there were losses utilizing the timing at the time of the recommendations. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity (discussed below). Simulated trading programs in general are also designed with the benefit of hindsight, which may not be relevant to actual trading. We make no representations or warranties that any account will or is likely to achieve profits similar to those shown,
because hypothetical or simulated performance is not necessarily indicative of future results.

4. Don't enter any trade without fully understanding the worst-case scenarios of that trade.

Trading securities like stock options or commodities futures can be extremely complicated, so make sure you understand these trades before entering into them. For example, aggressive positions in options or leveraged commodities have a greater probability of losing, while less aggressive positions are less likely to yield substantial profits. Similarly, far out-of-the-money options are unlikely to finish in the money, and options purchased close to their expiration dates are very high-risk and, thus, likely to win big or lose big very quickly. Don't enter any trade without fully understanding the worst-case scenarios of that trade.

5. We are a financial publisher of internet sites (service) and do not provide personalized trading or investment advice.

We are a financial publisher. We publish information regarding companies and commodities in which we believe our subscribers may be interested and our reports reflect our sincere opinions. However, the information in our publications is not intended to be personalized recommendations to buy, hold, or sell any securities. As a financial publisher, we are not legally permitted to offer personalized trading or investment advice to our subscribers. If a subscriber chooses to engage in trading or investing that he or she does not fully understand, we may not advise the subscriber on what to do to salvage a position gone wrong. We also may not address winning positions or personal trading or investing ideas with subscribers. Therefore, subscribers will need to depend on their own mastery of the details of trading and investing in order to handle problematic situations that may arise, including the consultation of their own brokers and advisors as they deem appropriate.

6. Profits can be lost if they are not taken at the right time.

Subscribers are advised to take profits at whatever point they deem optimal, regardless of the profit target set in any given recommendation. Advisory services such as those we offer provide recommendations. Subscribers are free to follow the recommendation, follow it in part, or ignore it altogether. If a subscriber believes a given profit is at risk, the subscriber should take the profit. Similarly, if a subscriber feels a position is likely to lose value, or a losing position is likely to fall further, the subscriber can choose to exit at any time to preserve capital. The final decision as to when to take profits remains in the sole discretion of the subscriber, keeping in mind that profits can be lost if they are not taken at the right time.

FURTHER RISKS OF FUTURES TRADING

A futures contract is a legally binding agreement between two parties to buy or sell in the future, on a designated exchange, a specific quantity of a commodity at a specific price. Because of the volatile nature of the commodities markets and the use of leverage, trading in futures involves a very very very high degree of risk. Futures trading is not suitable for many members of the public. Such transactions should be entered into only by persons who understand the nature and extent of their rights and obligations under futures contracts and the risks involved in the transactions covered by those contracts.

1. Because of the impact of leverage, your losses may exceed the entire amount deposited in your account, or more.

Leverage is the ability to control large amounts of money with much smaller amounts of risk capital. In futures trading, the amount of money you are required to deposit is a small percentage of the value of the futures contracts you trade. If you buy and hold a futures contract, a small positive movement in price can have a large positive impact on your account; a small negative movement in price can have a corresponding large negative impact on your account. Therefore, leverage can work against you as well as for you.

Because of leverage, it is possible to lose all the money in your account very quickly. Even worse, if the funds in your account fall below the amount required by the futures broker, you will receive a margin call. A margin call is a demand from the clearing house to deposit the difference in funds by the following morning. The difference in funds can be substantial. If you cannot timely comply with this request, your positions may be liquidated at a loss and you will be liable for any remaining difference. Keep in mind that the funds in your account may fall for reasons outside your control. Therefore, you should manage leverage by limiting your trading as necessary to maintain sufficient excess margin in your account.

2. Stop orders may reduce, but not eliminate, your trading risk.

A stop market order is an order, placed with your broker, to buy or sell a particular futures contract at the market price if and when the price reaches a specified level. Stop orders are often used by futures traders in an effort to limit the amount they might lose. If and when the market reaches whatever price you specify, a stop order becomes an order to execute the desired trade at the best price immediately obtainable.

There can be no guarantee, however, that it will be possible under all market conditions to execute the order at the price specified. In an active, volatile market, the market price may be declining (or rising) so rapidly that there is no opportunity to liquidate your position at the stop price you have designated. Under these circumstances, the broker's only obligation is to execute your order at the best price that is available. Therefore, stop orders may reduce, but not eliminate, your trading risk.

GENERAL RISKS OF FUTURES OPTIONS TRADING

Buying or selling futures options or stock options is not suitable for many people, and you should not trade options unless you fully understand the risks, rights, and obligations of options trading. Use only money you can afford to lose in options trading.

1. You should not sell options on futures unless you can meet margin calls and survive large financial losses.

When you buy an option, you risk losing the entire purchase price plus the commissions paid, but not more since purchasing options on margin is not allowed. The amount you spend up front is the maximum you can lose. When you sell an option, you may be required to deposit additional margin if the price of the commodity moves adversely. You should not sell options unless you can meet margin calls and survive large financial losses. In cases where the exchange has difficulty finding buyers, the option seller is subject to the full risk of the position until the options expire.

SPECIFIC RISKS OF FUTURES OPTIONS TRADING

An option on a commodity futures contract is a legally binding agreement between two parties which gives the buyer, who pays a market determined price known as a "premium," the right (but not the obligation), within a specific time period, to exercise the option. Buying or selling futures options is not suitable for many people, and you should not trade futures options unless you fully understand the risks, rights, and obligations of commodities options trading.

1. The futures option, if exercised, will result in the establishment of a futures position.

Both the purchaser and grantor of an option on a futures contract should realize that the option, if exercised, will result in the establishment of a futures position, subject to all the risks such contracts carry (see above). The buyer of a call option will be assigned a long position in the underlying futures if exercised, while the buyer of a put option will be assigned a short position in the underlying futures if exercised. The purchaser of an option should be aware that some option contracts provide for only a limited period of time during which an option may be exercised.

2. You may be unable to liquidate your position because of lack of liquidity in the futures or options market.

Exchange trading mechanics are designed to provide for competitive execution and to make available to buyers and to sellers a continuous market in which an option once purchased can later be sold; and in which an option, once granted, can later be liquidated by an offsetting purchase. Although each exchange's trading system is designed to provide market liquidity for the options traded on that exchange, there can be no assurance that a liquid offset market on the exchange will exist for any particular option, or at any particular time, and for some options, no offset market on that exchange may exist at all. In such an event, it may not be possible to effect offsetting transactions in particular options. Thus, to realize any profit, a holder will have to exercise their option and have to assume all risks and to comply with margin requirements for the underlying futures contracts or, in the event of an option on a physical commodity, incur the costs and risks of holding the physical good. A grantor could not terminate its obligation until the option expired or the grantor was assigned an exercise notice. You may exercise your option but be unable to liquidate your resulting futures position because of daily price limits or lack of liquidity in the futures market.

3. Lack of pricing limits on some options.

The trader should be aware that an option may not be subject to daily price fluctuation limits even if the underlying futures position has such limits and, as a result, normal pricing relationships between options and the underlying futures may not exist. Also, futures positions assigned as a result of an expiring option may not be capable of being offset if the underlying futures contract is at a price limit.

4. Additional risks of writing or granting futures options.

The grantor of a call option who does not have a long position in the underlying futures contract (i.e. a "naked" sale or short) is subject to risk of loss should the price of the underlying futures be higher than the strike price of the option, and this loss may exceed the premium received for the initial sale of the call option. The grantor of a call option who has a long position in the underlying futures (i.e. a "covered" sale or short) is subject to the risk of decline in price of the underlying futures, less the premium received for granting the call option. In exchange for the premium received, the call option grantor gives up all of the potential gain resulting from an increase in the price of the underlying futures above the strike price of the option. The grantor of a put option who does not have a short position in the underlying futures contract (i.e. a "naked" sale or short) is subject to risk of loss should the price of the underlying futures be below the strike price of the option, and this loss may exceed the premium received for the initial sale of the put option. The grantor of a put option who has a short position in the underlying futures (i.e. a "covered" sale or short) is subject to the risk of a rise in price of the underlying futures, less the premium received for granting the put option. In exchange for the premium received, the put option grantor gives up all of the potential gain resulting from a decrease in the price of the underlying futures below the strike price of the option.

RISKS OF INVESTING IN STOCKS

Investments always entail some degree of risk. Be aware that:

1. Some investments in stock cannot easily be sold or converted to cash. Check to see if there is any penalty or charge if you must sell an investment quickly.

2. Investments in stock issued by a company with little or no operating history or published information involves greater risk than investing in a public company with an operating history and extensive public information. There are additional risks if that is a low priced stock with a limited trading market, e.g., so-called penny stocks.

3. Stock investments, including mutual funds, are not federally insured against a loss in market value.

4. Stock you own may be subject to tender offers, mergers, reorganizations, or third-party actions that can affect the value of your ownership interest. Pay careful attention to public announcements and information sent to you about such transactions. They involve complex investment decisions. Be sure you fully understand the terms of any offer to exchange or sell your shares before you act. In some cases, such as partial or two-tier tender offers, failure to act can have detrimental effects on your investment.

The greatest risk in buying shares of stock is having the value of the stock fall to zero. On the other hand, the risk of selling stock short can be substantial. "Short selling" means selling stock that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short selling is a legitimate trading strategy, but assumes that the seller will be able to buy the stock at a more favorable price than the price at which they sold short. If this is not the case, then the seller will be liable for the increase in price of the shorted stock, which could be substantial.

SPECIFIC RISKS OF STOCK OPTIONS TRADING

When you open a stock option account, you should receive a booklet entitled "Characteristics and Risks of Standardized Options," which is also available on the Chicago Board Options Exchange website. This booklet contains an in-depth discussion of the characteristics and risks associated with stock options trading. We strongly encourage you to carefully read and understand this information.

1. Assignment of exercise to writers.

As a writer of a stock option, you may be assigned an exercise at any time from the date of sale through approximately two days after the date of expiration. The consequences of being assigned an exercise depend upon whether the writer of a call is covered or uncovered, as discussed below. Since an option writer may not be informed of the assignment of exercise until up to two days after expiration, special risks can come into play. For example, an option writer who sells out their underlying position upon expiration may find out the next day that they have to surrender stock they do not now own.

2. Risk of unlimited losses for uncovered writers of call options.

A "naked" or uncovered writer of a call option is at substantial risk should the value of the underlying stock move unfavorably against the position. For a naked call writer, the risk of loss is theoretically unlimited. The obligation of a naked writer that is not secured by cash to meet applicable margin requirements creates additional risks. A harsh adverse move in stock prices can create steep margin call scenarios in which a brokerage firm may liquidate other holdings in the writer's account(s) to cover the option. Since pricing of options tends to be magnified relative to the underlying stock, the naked writer may be at significantly greater risk than a short seller of the underlying stock.

3. Deep out-of-the-money options carry high risk of loss.

Although purchasing stock options at strike prices significantly above or below the current market price can be very inexpensive, you are at high risk of losing your money. There are two versions of deep out-of-the-money options:

• A deep out-of-the-money call is an option to purchase 100 shares of stock at a price far above the current market price.
• A deep out-of-the-money put is an option to sell 100 shares of stock at a price far below the current market price.

Although these options seem inexpensive, the chances of making a profit on such transactions are extremely low. Therefore, novice traders should avoid buying deep out-of-the-money options.

4. Out-of-the-money options near their expiration date carry a high risk of loss.

The closer you buy an out-of-the-money option to its expiration date, the less likely it is to end up profitable. Although these options are cheap, in order to win in such situations, you will need precise timing and the occurrence of a major event that significantly moves the underlying future in your favor. Therefore, the risk associated with these options is high and you are likely to lose your entire investment in these positions.

Each advisory service we provide will offer a special discussion of risks. As you move through the educational materials that teach you how to use each service, be sure to carefully read the risks section. It elaborates on risks specific to the types of recommendations you might see in that service. Do not enter any trade without understanding all risks associated with that type of trading.

EXTREME RISK OF LOSS IN CFD TRADING

 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% to 90% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work, and whether you can afford to take the high and most likely risk of losing your money. Got it?

Information on this website and these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page and website are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions AND consult YOUR market professional. BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited and WSI does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed on this website and in articles and recommendations are those of the authors and do not necessarily reflect the official policy or position of BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited and WSI nor its affiliates. The publications and author will not be held liable or responsible for information that is found on these websites or at the end of links posted on these pages. If not otherwise explicitly mentioned in recommendations or body of the articles, at the time of posting and writing, the publication and author has no position in any stock mentioned and no business relationship with any company mentioned. BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited and WSI do not provide personalized recommendations. The publisher and authors makes no representations as to the accuracy, completeness, or suitability of this information. BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited and WSI will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited and WSI are not registered investment advisors and nothing in the article or website is intended to be investment advice.

Notice to Client Loyalty Card program members. Your Client Loyalty Card cannot be used for the purchase or sale of ANY crypto or blockchain currency. To see copies of your fees and limits, login to BlackCryptoVault and choose “Fees and Limits” from the top menu.

Conclusion:

Once again, we stress the importance of understanding all of the risks of any form of trading or investing that you choose to do. One should fully understand the worst-case scenario prior to trading or investing real dollars. Past performance is not necessarily indicative of future results. You take full responsibility for all trading actions, and should make every effort to understand the risks involved.

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You acknowledge that the Service does not aim to provide advice tailored to individual investors or your needs and that you can lose money on investments. The Service should never be used in isolation of your individual circumstances. You must consider your financial circumstances, risk tolerance, liquidity needs and investment objectives. The Service does not replace the advice of an authorised investment professional or independent financial adviser.

Content in the Service is not appropriate for the purposes of making a decision to carry out a transaction or trade. You should check all information and prices with your broker immediately prior to carrying out any trade.

No investment advice

This internet site (Service) is not:

- providing investment, tax or legal advice and nothing in the Service amounts to investment advice.
- recommending any financial instrument, investment or product, including those discussed on the Service.

Nothing on the Service should be used or regarded as an offer or solicitation of an offer from us to buy or sell securities.

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The information provided in the Service is solely for your personal, non-trading use. You are expected to make your own investment decisions without undue reliance on it. For this, you should seek independent financial advice. It is not a real-time service.

What we are NOT liable for

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The law contains some other implied warranties such as "satisfactory quality" and "fitness for purpose" which we regard as inappropriate for an information service and therefore they do not apply, to the maximum extent permitted by law.

Disclosures and Disclaimers

 

As a further sign of the sad times we live in I must give you our often repeated disclaimers and make disclosures, like you did not know all this already. These in some cases Broker disclosure rules are (in my opinion illegally) being enforced against publications government and Wall Street do not like. Notice how buy side Wall Street cheerleader publications make few if any disclosures or disclaimers whatsoever. And tell you virtually nothing about the authors of their articles. By some evil magic they are “exempt” from some of these broker rules because they are regarded as “exempt” publishers and we are supposedly not.

Futures and Stock trading involves substantial risk and is not suitable for all investors. This publication refers to potential profits and or Hypothetical Performance. Never trade with money you cannot afford to lose

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.

We reserve the right to cancel subscriptions at any time, for any reason, without reason and without notice and will make a prorated refund.

Unless noted otherwise, market quote data provided is delayed at least 10 minutes and is considered to be accurate, but is not warranted or guaranteed. This data is proprietary and may not be copied, disseminated or used without express written permission.

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Copyright 2021

Here are some more disclosures and disclaimers we have made on this web site (service), in paper publications and solicitations for years. We reprint them here so you can see them in one place at one time.

 

 

The trades and the profits discussed on this web site are not computer-generated theoretical fluff. They are potential or hypothetical profits based on the actual recommendations made by us, to our subscribers, in our newsletter, premium newsletter and emailed-overnight special issues. The calculations were made based on those recommendations and based on market prices at the time those recommendations were made, from start to finish. However, hypothetical or simulated performance results have certain limitations unlike an actual performance record. Simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is no guarantee of future profits. As we have often told you never trade with money you cannot afford to lose.

High risk of loss

There is a high risk of loss in any kind of trading and that is especially true in trading commodity futures. Therefore, only genuine risk funds should be used. Meaning money you can afford to lose. Futures may not be suitable investments for all individuals, and individuals should carefully consider their financial condition and mental attitude about loses. Some people can take large loses keep on trading and move on while others can be devastated by even small loses. You need to consider your loses tolerance before you trade because loess can and will happen in deciding whether to trade. As we have often told you never trade with money you cannot afford to lose

Hypothetical performance

Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Effect of Leverage

Transactions in futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract so that transactions are ‘leveraged’. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. Layering your positions may increase the risk.

Risk-reducing orders or strategies

The placing of certain orders (e.g., “stop-loss” orders, where permitted under local law, or “stop-limit” orders) which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as “spread” and “straddle” positions, may be as risky as taking simple “long” or “short” positions.

Suspension or restriction of trading and pricing relationships

Market conditions (e.g., illiquidity) and/or the operation of the rules of certain markets (e.g., the suspension of trading in any contract or contract month because of price limits or “circuit breakers”) may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions. Although it happens infrequently, it is possible that suspension of trading may prevent trading for one or more days, resulting in substantial losses to futures traders who may find it impossible to liquidate losing future positions.

We make no promises, guarantees or warranties suggesting that any trading will result in a profit or will not result in a loss or that that any account will or is likely to achieve profits or losses similar to those shown in this publication, solicitations, trading manual & course. Results can and will vary between individuals. We disclaim responsibility for any losses that may result from reliance on this information and data or the opinions expressed.

Each subscriber is responsible to use good judgment when trading.

Prior to making an investment, one should carefully study any prospectus and/or disclosure document required by the SEC, CFTC or provided by your broker.

Please note we are not your broker and not acting in that capacity. We have no personal knowledge of your finical condition or trading activites. We give strictly impersonal finical advise. We are a First Amendment protected publication expressing our opinions about the economy, markets and politics.

RISK DISCLOSURE: Futures trading contains substantial risk, is not for every trader, and only risk capital should be used. Any form of trading, including options, hedging and spreads, contain a high risk. Margins are subject to change without notice.

THE RISK OF LOSS IN TRADING COMMODITIES and STOCKS CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.

THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL OF THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE COMMODITY MARKETS. THEREFORE, YOU SHOULD STUDY IT CAREFULLY TO DETERMINE WHETHER SUCH TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION

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BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, WSI makes no warranties of any nature or kind, whether expressed or implied, regarding the trades, PROFITIABLILITY, SUITABILITY OF ITS service and access provided by the continued operation AND USE of the BlackMask Financial News Network, WSI Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, Website, Sub Zero Coupon Bond Calculator the equipment and facilities this website and their capacities, the accuracy of any calculations performed using and the suitability or operability of the Sub Zero Coupon Bond Calculator or the trades profitability, performance, accuracy of calculations, profitability OF RECOMENDIATIONS or suitability based on the information USED BY OR entered by the individual, and is intended only to assist the individual in evaluating alternatives. NOTHING PROVIDED BY BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, WSI ITS EMPLOYEES AND AGENTS replaces the professional judgment of investors and their advisers with regard to specific investment decisions.

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YOU AGREE TO INDEMNIFY WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited and its employees and agents, HARMLESS FROM AND AGAINST ANY CLAIM ARISING FROM YOUR USE OF Sub Zero Coupon Bond Calculator OR TRADING IN ANY AND ALL INSTRUMETNS. WSI ITS EMPLOYESS AND AGENTS ARE NOT RESPONSIBLE IN ANY WAY IF SUCH USE CAUSES DAMAGE OR MONITARY LOSS BY WSI the Zero Coupon Calculator ITS TRADE RECOMENDIATIONS TO YOU OR ANY THIRD PARTY.

NEITHER WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited or its employees or agents MAKE ANY WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY WARRANTIES OF PROFITIABILITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE USE OF THE WSI WEBSITE BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, ITS RECOMMENDATIONS, ANALYISIS Sub Zero Coupon Bond Calculator AND THE RECOMMENDED TRADES.

Information about the calculations performed using Sub Zero Coupon Bond Calculator is not available to the operators and may not be analyzed by the website operator for any reason whatsoever, including but not limited to statistical and other analyses of the use of Sub Zero Coupon Bond Calculator and the performance of the website AND PROFITABILITY OF ANY AND ALL TRADES.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalized recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

All investments contain risk and may lose value. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and the current low interest rate environment increases this risk. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Management risk is the risk that the investment techniques and risk analyses will not produce the desired results, and that certain policies or developments may affect the investment techniques available to investors in connection with managing the strategy. There is no guarantee that these investment strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. Investors should consult their investment professional prior to making an investment decision.

This material contains the opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.

Access to THE WSI WEBSITE BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, is licensed to the subscriber of record. They are for your use and your use only. If you share your password with anyone else, we reserve the right to cancel your subscription without notice and we will not be making a refund.

The cost of the service is 20% of your net trading profits minus the $25,000 non-refundable fee. The deposit is $25,000 payable one year in advance, non-refundable. No guarantees, no promises, no refunds. You’ve been with us for years, you know what the product is. At the end of the year, if you haven’t made any money, you can re-subscribe or not, your choice. The $25,000 is your minimum, non-refundable down payment.

You are required to inform us immediately if anyone has contacted you about our trading or market information services. Failure to contact us can and will result in your account being cancelled.

Please be informed that all of the stories are bullshit. We make them up. Total fake news. Believe nothing that you read, see or hear on these websites. It is all bullshit. YOU’VE GOT TO BE A FUCKING IDIOT TO PAY MONEY FOR THIS BULLSHIT. You have been warned.

If you make these trades, you’re going to get fucked and lose money. Don’t do it. We’re full of shit and everything on this website is bullshit that we made up.

Please Note: This is not a USA produced or domiciled publication or service nor is its editors, Website or its servers located in the USA.

Last Updated: February 15, 2023

 

WSI Privacy Policy

WHAT THIS PRIVACY POLICY COVERS

BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited (WSI) all takes your privacy seriously. Please read the following to learn more about our privacy policy.

The federal government and technology industry have developed practical tips to help you guard against Internet fraud, secure your computer and protect your personal information.

How WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, Uses Your Personal Information

This policy covers how WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, treats personal information that WSI Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, collects and receives, including information related to your past use of WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, products and services. Personal information is information about you that is personally identifiable like your name, address, email address, or phone number, and that is not otherwise publicly available.

This privacy policy only applies to WSI Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited

This policy does not apply to the practices of companies that WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, does not own or control, or to people that WSI Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, does not employ or manage. In addition, some companies that WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, has acquired have their own, preexisting privacy policies..

INFORMATION COLLECTION AND USE

General

WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, collects personal information when you register with Yahoo, when you use WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, when you visit WSI Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, pages or the pages of certain WSI Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, partners. WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, may combine information about you that we have with information we obtain from business partners or other companies.

When you register we ask for information such as your name, email address, birth date, gender, ZIP code, occupation, industry, and personal interests. For some financial products and services we might also ask for your address, Social Security number, and information about your assets. When you register with Yahoo and sign in to our services, you are not anonymous to us.

WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, collects information about your transactions with us and with some of our business partners, including information about your use of financial products and services that we offer.

WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, automatically receives and records information from your computer and browser, including your IP address, WSI cookie information, software and hardware attributes, and the page you request.

WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, uses information for the following general purposes: to customize the advertising and content you see, fulfill your requests for products and services, improve our services, contact you, conduct research, and provide anonymous reporting for internal and external clients.

We will collect all of the data on your punk ass that we can and we will sell it to anybody that will pay us anything for it. The problem is that we’re screw ups and we haven’t figured out yet how to collect your data. But as soon as we scratch our ass and figure it out, we’re going to collect all of your data and sell it. The other problem we have is that we haven’t found anybody who will pay us for your data. You want privacy? Go live in a cave, with no lights, no electricity, no telephone, no cell phone and no computer. And when you hear somebody coming, hide.

INFORMATION SHARING AND DISCLOSURE

WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, does not rent, sell, or share personal information about you with other people or non-affiliated companies except to provide products or services you've requested, when we have your permission, or under the following circumstances:

• We provide the information to trusted partners who work on behalf of or with WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, under confidentiality agreements. These companies may use your personal information to help WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, communicate with you about offers from WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, and our marketing partners. However, these companies do not have any independent right to share this information.
• We respond to subpoenas, court orders, or legal process (such as law enforcement requests), or to establish or exercise our legal rights or defend against legal claims.
• We believe it is necessary to share information in order to investigate, prevent, or take action regarding illegal activities, suspected fraud, situations involving potential threats to the physical safety of any person, violations of WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, terms of use, or as otherwise required by law.
• We transfer information about you if WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited is acquired by or merged with another company. In this event, WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, will notify you before information about you is transferred and becomes subject to a different privacy policy.
• WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, does not provide any personal information to the advertiser when you interact with or view a targeted ad. However, by interacting with or viewing an ad you are consenting to the possibility that the advertiser will make the assumption that you meet the targeting criteria used to display the ad.
• WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, advertisers MAY include financial service providers (such as banks, insurance agents, stock brokers and mortgage lenders) and non-financial companies (such as stores, airlines, and software companies).

WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, works with vendors, partners, advertisers, and other service providers in different industries and categories of business.

COOKIES AND SIMILAR TECHNOLOGIES

WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, may set and access WSI Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, cookies on your computer. We may also set and access device identifiers which could include IP address, user agent information (browser version, OS type and version), and device provided identifiers. Once you log into WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, on your device, WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, may recognize your device to provide you with a personalized experience, independent of your device settings.

WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, uses web beacons to access WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, cookies inside and outside our network of web sites and in connection with Yahoo products and services.

We reserve the right to send you certain communications relating to the WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, service, such as service announcements, administrative messages and the WSI Newsletter, that are considered part of your WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, account, without offering you the opportunity to opt out of receiving them.

CONFIDENTIALITY AND SECURITY

We limit access to personal information about you to employees who we believe reasonably need to come into contact with that information to provide products or services to you or in order to do their jobs.

We have physical, electronic, and procedural safeguards that comply with federal regulations to protect personal information about you.

CHANGES TO THIS PRIVACY POLICY

WSI BlackMask Financial News Network, Wall Street Insiders, Wall Street Insiders Financial News Network, Wall Street Insiders Super Premium, Authors and Content Providers, Kottura Limited, Tadpatri Limited, may update this policy.

Last Updated: February 15, 2023