Terms and Conditions

1. Terms of Website Use

These terms of use, together with the documents referred to in them, set out the terms on which you may use this website (our site), whether as a guest or a registered user.

By using our site, you confirm that you accept these terms of use and that you agree to comply with them. If you do not agree to these terms, you must not use our site.

2. Other Applicable Terms

These terms of use refer to the following additional terms, which also apply to your use of our site:

• our Privacy Policy; and
• our Cookies Policy.

If you provide us with information through the site, including through any contact form, data room, onboarding process or similar submission route, that information will also be handled in accordance with our Privacy Policy.

3. Information About Us

Our site is operated by Palisade Finance Ltd (Palisade, we, us and our), a company incorporated in England and Wales under company number 17108580, with its registered office at 167-169 Great Portland Street, London, England, W1W 5PF.

4. Changes to These Terms

We may revise these terms of use at any time by amending this page. Please check this page from time to time to take notice of any changes, as they are binding on you from the date they are posted on our site.

5. Changes to our Site

We may update and change our site from time to time to reflect changes to our business, our services, market practice, legal or regulatory requirements, or user needs.

We do not guarantee that our site, or any content on it, will always be available or uninterrupted. We may suspend, withdraw, discontinue or restrict the availability of all or any part of our site for business or operational reasons.

6. Who this Site is For

This site is intended primarily for professional, institutional and commercial users, including banks, lenders, insurers, reinsurers, asset managers, funds, corporates, advisers and other market participants seeking information about credit risk transfer, capital relief, portfolio risk management, underwriting, analytics, structuring, execution and related services.

Unless expressly stated otherwise, this site is not directed at retail consumers, and the content on this site is not prepared with retail users in mind.

7. No offer, solicitation or advice

The content on our site is provided for general information purposes only.

Nothing on this site constitutes, or is intended to constitute:

• an offer to sell, issue or provide any product or service;
• a solicitation, invitation or inducement to enter into any transaction;
• investment, insurance, reinsurance, legal, regulatory, tax, accounting, structuring, capital, risk or other professional advice; or
• a recommendation that any transaction, structure, portfolio strategy, risk transfer arrangement or capital action is suitable for any particular person.

Any transaction or service referenced on this site is subject to separate discussions, eligibility, due diligence, underwriting, risk assessment, internal approvals, legal documentation, regulatory analysis and final agreement.

You should obtain your own independent professional advice before taking, or refraining from taking, any action based on content on this site.

8. Indicative content; models; case studies; forward-looking statements

This site may include examples, case studies, sample structures, scenario analysis, modelling outputs, portfolio analytics, pricing illustrations, risk metrics, expected loss or unexpected loss estimates, capital or RWA impacts, premium ranges, timelines, forecasts, opinions, assumptions, market commentary and other forward-looking or illustrative content.

Such content:

• may be hypothetical, illustrative, indicative or simplified;
• may be based on assumptions, estimates, historical data or third-party inputs;
• may not reflect actual future performance, market conditions, losses, recoveries, pricing, capacity, execution timing, regulatory treatment or capital outcomes; and
• should not be relied on as a promise, assurance or guarantee of any result.

Actual outcomes may differ, including materially, due to transaction structure, data quality, portfolio composition, documentation, market conditions, counterparty terms, legal interpretation, accounting treatment, regulatory review and other factors.

9. Credit risk transfer and transaction-specific terms

Where this site refers to credit protection, credit risk transfer, significant risk transfer, synthetic securitisation, non-securitised portfolio protection, guarantees, insurance-backed structures, or similar arrangements, any such arrangement will be subject solely to the definitive transaction documents governing that arrangement.

Those documents, and not this site, will determine the rights, obligations, conditions, exclusions, limitations, claims process, economics, approvals, eligibility criteria and regulatory treatment applicable to any transaction.

Where Palisade acts as an MGA, delegated authority holder, arranger, structuring partner, analytics provider, coordinator or other intermediary, the scope of that role will be determined only by the relevant written agreement and, where applicable, insurer or other capacity provider terms.

10. Regulatory and jurisdictional restrictions

Access to this site may be restricted by law in certain jurisdictions. Persons who access this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations.

We do not represent that any content on this site is appropriate for use in, or available in, every jurisdiction. We may limit the availability of all or part of the site, or of any product or service described on it, to any person, geographic area or jurisdiction at any time.

11. Accuracy of Information

Although we make reasonable efforts to update the information on our site, we make no representation, warranty or guarantee, whether express or implied, that the content on our site is accurate, complete, current, suitable or fit for any particular purpose.

Market data, legal or regulatory commentary, transaction summaries and industry information may change without notice.

12. Third-party data and sources

This site may contain information obtained from third parties, including market participants, data vendors, public sources, counterparties, clients or other external sources. Such information may not have been independently verified by us.

We do not accept responsibility for the accuracy or completeness of third-party information, and reliance on it is at your own risk.

13. Intellectual property rights

We are the owner or the licensee of all intellectual property rights in our site and in the material published on it, including text, graphics, branding, logos, data compilations, analytics, design, software, methodologies and other content.

Those works are protected by copyright, trade mark and other intellectual property laws and treaties around the world. All such rights are reserved.

You may print off one copy and may download extracts of any page(s) from our site for your internal business use only, provided that you do not modify the paper or digital copies in any way and do not remove any copyright, trade mark or proprietary notices.

You must not use any part of the content on our site for commercial purposes without obtaining a licence to do so from us or our licensors.

14. Prohibited Use

You may use our site only for lawful purposes. You must not:

• use our site in any way that breaches any applicable law or regulation;
• use our site in any way that is unlawful, fraudulent or has any unlawful or fraudulent purpose or effect;
• misuse, interfere with, disrupt, damage or attempt to gain unauthorised access to our site, server, software, data or infrastructure;
• copy, scrape, data mine, reverse engineer or systematically extract content or data from our site except to the extent permitted by law;
• knowingly introduce viruses, trojans, worms, logic bombs or other malicious or technologically harmful material; or
• use the site in a way that could damage our reputation or the operation of our systems.

15. Information submitted through the site

Unless we expressly agree otherwise in writing, any non-personal information or materials you submit to us through our site will be treated as non-confidential and non-proprietary.

You must not submit through the site any confidential portfolio data, loan-level data, personally identifiable information, bank secrecy protected information, inside information or other sensitive material unless and until we have agreed an appropriate secure method of transfer and any required confidentiality arrangements.

If you provide any information to us, you confirm that:

• you have the right to provide it;
• it is lawful to do so;
• it does not infringe any third-party rights or confidentiality obligations; and
• it is not misleading or incomplete in any material respect.

16. Links to and from our site

Where our site contains links to other websites and resources provided by third parties, those links are provided for your information only.

Such links should not be interpreted as approval or endorsement by us of those linked websites or information you may obtain from them. We have no control over the contents of those sites or resources.

You may link to our home page only in a way that is fair and legal and does not damage our reputation or take advantage of it. You must not establish a link in such a way as to suggest any form of association, approval or endorsement by us where none exists.

17. No Reliance

You must not rely on content on our site as the basis for making any commercial, regulatory, capital, structuring, underwriting, portfolio management or transaction decision.

Any decision to pursue or not pursue a transaction, or to rely on any model, analysis or output, must be based on your own independent analysis and advice.

18. Limitation of Liability

Nothing in these terms of use excludes or limits our liability for death or personal injury arising from our negligence, fraud or fraudulent misrepresentation, or any other liability that cannot be excluded or limited by law.

To the fullest extent permitted by law, we exclude all conditions, warranties, representations or other terms which may apply to our site or any content on it, whether express or implied.

We will not be liable to any user for any loss or damage, whether in contract, tort (including negligence), breach of statutory duty, misrepresentation, restitution or otherwise, arising under or in connection with:

• use of, or inability to use, our site;
• use of or reliance on any content displayed on our site;
• any decisions made, or not made, based on content on our site; or
• any loss of profits, revenue, business, opportunity, anticipated savings, goodwill, data, contracts or management time, or any indirect or consequential loss or damage.

19. Security

The internet is not a totally secure medium of communication and we cannot guarantee the security of any information transmitted to or through our site over the internet.

We are not responsible for any loss, corruption or interception of data transmitted by you to us or by us to you over the internet, except to the extent liability cannot be excluded by law.

20. Viruses

We do not guarantee that our site will be secure or free from bugs, viruses or other malicious code.

You are responsible for configuring your information technology, computer programmes and platform in order to access our site. You should use your own virus protection software.

You must not misuse our site by knowingly introducing viruses, trojans, worms, logic bombs or other material that is malicious or technologically harmful.

21. Suspension & Termination

We may suspend or terminate your access to our site, or disable any user identification code, password or other access credential, at any time if, in our reasonable opinion, you have failed to comply with these terms of use or if we consider it necessary for security, legal, regulatory or operational reasons.

22. Severance

If any provision of these terms is found by any court or competent authority to be invalid, unlawful or unenforceable, that provision shall, to the extent required, be deemed deleted, and the validity and enforceability of the other provisions shall not be affected.

23. Entire Agreement

These terms of use, together with the documents referred to in them, constitute the entire agreement between you and us in relation to your use of our site and supersede all prior discussions, correspondence, understandings or arrangements relating to such use.

24. Third Party Rights

No person who is not a party to these terms of use shall have any right to enforce any term of these terms of use under the Contracts (Rights of Third Parties) Act 1999.

25. Applicable Law & Jurisdiction

Please note that these terms of use, their subject matter and their formation, are governed by English law.

You and we both agree that the courts of England and Wales will have non-exclusive jurisdiction.