Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Lyxor/MW Tops Euro (IRSH)

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Friday 15 June, 2012

Lyxor/MW Tops Euro

Appointment of an Additional Prime Broker

RNS Number : 4754F
Lyxor/Marshall Wace Tops Euro Fd Ld
15 June 2012




(''THE FUND'')


RE: Appointment of an Additional Prime Broker


June 15, 2012



The Directors of the Fund wish to announce that with effect from April 4th, 2012 Credit Suisse Securities (Europe) Limited has been appointed as prime broker to the Fund in addition to the existing prime brokers (the "Prime Brokers"). The Manager of the Fund will decide how all the assets of the Fund are allocated between the Prime Brokers.


Credit Suisse Securities (Europe) Limited

Credit Suisse Securities (Europe) Limited ("CSSEL"), a subsidiary of the Credit Suisse Group and based in London, One Cabot Square, London E14 4QJ will provide prime brokerage services to the Fund.


These services may include the provision to the Fund of margin financing, clearing, settlement, stock lending and foreign exchange facilities. The Fund may also utilise CSSEL, other members of the Credit Suisse Group ("Affiliates") and other brokers and dealers for the purposes of executing transactions for the Fund.




(a)   is authorised and regulated by the Financial Services Authority of the United Kingdom (the "FSA")  in the conduct of its investment business; and


(b)   has financial resources in excess of US$200 million (or its equivalent in another currency).


As at the date hereof CSSEL's ultimate parent company, Credit Suisse Group, has been assigned a credit rating of Aa2 for long term debt and P-1 for short term debt by the credit agency Moody's Investor Services and A for long term debt and A-1 for short debt by the credit agency Standard & Poor's.


Pursuant to the Master Prime Brokerage Terms (the "CSSEL Prime Brokerage Agreement") dated April 4th, 2012, entered into between the Fund, the Sub-Manager and CSSEL on behalf of itself and the Affiliates (each and together "CS"), CSSEL may hold investments of the Fund in custody ("Collateral") and, any such Collateral will be subject to a security interest in favour of CSSEL (and which CSSEL will also hold as trustee for the benefit of Affiliates).


Where due to the nature of the law or market practice of an overseas jurisdiction, it is in the Fund's best interests, or it is not feasible to do otherwise, its assets may be held in the name of CSSEL or an eligible sub-custodian.  Any such assets which are held in the name of CSSEL, as a result, may not be segregated from CSSEL's own investments and, in the event of default of CSSEL, may not be as well protected from claims made on behalf of the general creditors of CSSEL.


Any Collateral may be sold, lent or otherwise used by CS for its own purposes in which event the Fund will have a right against CS for the return of assets equivalent to the Collateral so used. To the extent so used, any such Collateral will not be segregated from other assets belonging to CS and may be available to creditors of CS in the event of its insolvency.

Sub-custodians may be appointed by CSSEL provided that CSSEL shall exercise reasonable skill, care and diligence in the selection of a suitable sub-custodian and shall be responsible to the Fund for the duration of the sub-custody agreement for satisfying itself as to the ongoing suitability of the sub-custodians to provide services to the Fund. CSSEL also will maintain an appropriate level of supervision over the sub-custodians and will make appropriate inquiries periodically to confirm that the obligations of the sub-custodians continue to be competently discharged.


Any cash which CSSEL holds or receives on the Fund's behalf will be treated by CSSEL as client money and will be subject to the protections conferred by the FSA Client Money Rules. Cash subject to the FSA Client Money Rules shall not be used by CSSEL or any of its Affiliates (save where that Affiliate is an approved bank pursuant to the Client Money Rules) in the course of its business.


Under the CSSEL Prime Brokerage Agreement the Fund shall indemnify and hold harmless CSSEL, for any reasonable loss, claim, damage or reasonable expense incurred or suffered by, or asserted against CSSEL. CS shall not be liable for any loss or damage that is caused to the Fund, either directly or indirectly except to the extent caused as the result of its negligence, wilful misconduct, fraud or breach of the CSSEL Prime Brokerage Agreement. CS shall not be liable for any indirect, consequential, punitive, exemplary or special damages, loss of profits or loss of business to the Fund, the Sub-Manager or any third party.


The appointment of CSSEL will continue unless and until terminated by either party upon 30 business days written notice. Upon such notice becoming effective, CSSEL may refuse to settle any transactions for the Fund and the Fund shall, subject to the discharge of its obligations to CS, instruct CSSEL to transfer its assets elsewhere. 


CSSEL will receive transaction fees at normal commercial rates.


CSSEL is a service provider to the Fund and is not responsible for the preparation of this document or the activities of the Fund and therefore accepts no responsibility for any information contained in this document.  CSSEL is not an investment or other adviser to the Fund and will not participate in the investment decision-making process.







Dillon Eustace

Helen Daly

+ 1 353 673 1833






This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.

This information is provided by RNS
The company news service from the London Stock Exchange

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