Customer Classification

The information on this website is for general information only; They do not constitute advice or any other recommendation and may not be construed as such. Before any investment decision is taken, users should check in detail whether the investment is suitable for their individual situation and their personal goals and that they are advised by their tax, legal, financial, investment or other consultants.

Professional Investors

By registering, you confirm that you are a professional investor or institutional investor within the meaning of the Securities Trading Act (WpHG).

Professional investors in the sense of § 67 WpHG are customers in which the investment services company can assume that they have sufficient experience, knowledge and expertise to make their investment decisions and the associated appropriate assessment of the risks.

Professional investors in this sense are: investment service providers, other authorised or supervised financial institutions, insurance companies, collective investment companies and their management companies (e.g. mutual funds), pension funds and their management companies, stock exchange traders and commodity derivatives traders, other institutional investors who are subject to authorisation or supervision domestically or in other countries in order to be able to operate on the financial markets;

Companies which are not subject to authorisation or supervision, but exceed at least two of the following three characteristics: 20 million Euro balance sheet total, 40 million euro turnover, 2 million Euro equity capital;

National and regional governments and public debt management administrations; Central banks, international and supranational bodies such as the World Bank, the International Monetary Fund, the European Central Bank, the European Investment Bank and other comparable international organisations;

Other non-regulated investors whose principal activity is to invest in financial instruments and maintain a commercially established business operation (institutional investors); Institutions that conduct the securitisation of assets and other financing transactions.

Private customer classification as a professional investor on request

A private customer can be classified as a professional investor upon request or if proposed by the investment service provider. The change in the classification shall be preceded by an assessment by the investment service provider whether, based on the customers´ experience, knowledge and expertise, the customer is in a position, in general or for a particular type of transaction, to make an investment decision and to assess the risks involved appropriately.

A change in the classification is only considered if the private customer meets at least two of the following three criteria: The customer is active in the market where the financial instruments for which he is to be classified as a professional customer are traded, and he has traded on average ten transactions of a significant magnitude quarterly during the last year; The customer has cash accounts and financial instruments worth more than 500,000 Euros; The customer has pursued a profession on the capital market for at least one year, which requires knowledge of the relevant business, investment services and securities administration services.

We expressly point out that the protection provisions of the WpHG for private customers do not apply any longer if the change in customer classification has been made. By registering, you acknowledge that you are aware of this change in investor protection.

For US persons

The financial products listed on this website are not intended for distribution in the United States or to US persons (US citizens, residents of the United States, companies established in the United States). Therefore, the financial products are neither offered nor sold in the United States or to US persons or to user persons on behalf of US persons. Subsequent transfers of financial products to the United States or to US persons are not permitted.

I hereby confirm that I have read and agree to the above conditions and regulations.