Co₂liseum terms and conditions
Disclaimer Notice
The Anthropocene Fixed Income Institute ("AFII") provides access to fully hypothetical model portfolio(s), the Quantitative Transition Assessment ("QTA") methodology, and portfolio services, and any associated communications or outputs (collectively, the “Services”) solely for informational and educational purposes, and not as a recommendation of any investment or investment strategy. Any such access is provided by AFII at its discretion, in accordance with Terms of Use provided by AFII, and may be withdrawn at any time. Each model portfolio is entirely notional and does not involve actual investments or transactions, and all Services are provided on an "as is" basis. AFII makes no representation or warranty that the Services are accurate, complete, reliable, timely or fit for purpose. AFII may determine in its sole discretion whether to provide (or continue to provide) the Services to any person. AFII does not offer tax, legal, investment, accounting, or any regulatory or regulated advice or services. Nothing in the Services should be considered as such, nor should it be interpreted as an offer, solicitation, recommendation, financial promotion, or endorsement of any security, company, issuer, or other financial instrument, or any investment strategy. AFII does not (i) express a particular investment proposal in respect of a financial instrument or an issuer, (ii) propose a particular investment decision in respect of a financial instrument or an opinion as to the present or future value or price of any financial instrument or (iii) recommend or suggest any investment strategy.
AFII does not take into account your own circumstances or assets and AFII assumes no direct or indirect responsibility or liability for any investment decisions made by Users, who remain fully responsible for their own research, legal and regulatory compliance, and decisions.
Certain information may be sourced from third parties. AFII believes this information is reliable, but does not guarantee its accuracy, completeness, or timeliness. All information is subject to change without notice. Any reference to an issuer’s creditworthiness or likelihood of positive or negative performance in the current or future market is purely observational and should not be taken as a recommendation or endorsement or critique of such issuer or its securities. Any opinions expressed by AFII are its own, reflect current views at the time first given or issued, and are subject to change.
AFII is a non-profit organisation that provides fixed income investors with the insights and tools they need to align their portfolios with ambitious climate and nature targets. For more information about the Institute, please visit www.anthropocenefii.org. For details on how AFII protects your privacy, please see our Data Protection Policy.
1. Introduction
1.1 These User Terms and Conditions (Terms) govern your access to and use of each Model Portfolio, the QTA methodology, and portfolio services, related communications, and other resources referred to as Co₂liseum, provided to you (the User) by the Anthropocene Fixed Income Institute (AFII or we) via a website maintained by AFII.
1.1.1 Model Portfolio: The term Model Portfolio refers to a fully hypothetical portfolio, which uses the QTA methodology, and is provided by AFII for informational and educational purposes only.
1.1.2 AFII may at its discretion make available to you as part of the Services the functionality to upload one or more portfolios of your own choice (User Portfolios) in order that you may apply the QTA methodology to the User Portfolios.
1.1.3. By using the Services, including any related communications from or with AFII, you expressly agree to these Terms and that you will comply with these Terms, in each case on behalf of yourself and, where the context admits, your organisation.
2. User Confirmations
2.1 Your Role: You confirm that you are a member of staff of an organisation that (i) manages investment assets belonging to its clients, (ii) advises its clients on the management of their investment assets or (iii) manages its own investment assets, and that your role involves such asset management or advice. Such assets referred to in (i), (ii) or (iii), including any assets comprised in User Portfolios, are each referred to as Assets, and such organisation, without limitation, may include an investment or asset manager, a bank, a corporate entity, a public or private pension fund or board, or an insurance firm.
2.2 Your organisation: You confirm that your organisation (i) is in good standing in all relevant jurisdiction(s) where it conducts its business, (ii) is authorised or approved by the relevant regulator(s) in such jurisdiction(s) where required, and complies with all relevant legal and regulatory requirements, and (iii) has sufficient institutional expertise to understand and interpret the Services provided by AFII.
2.3 Your own expertise: You confirm that you hold any necessary regulatory or other approvals, licences or qualifications to carry out your role and that you have appropriate expertise to understand and interpret the Services provided by AFII.
2.4 Review of QTA methodology: You confirm that you have been able to review the terms of the QTA methodology and acknowledge that you are not relying on AFII for any specific results or outcomes from any Model Portfolio or the QTA methodology, including the application of the QTA methodology to any User Portfolios. You also acknowledge that AFII may make changes to the QTA methodology from time to time in its discretion which may materially affect the assessments assigned to portfolios or portfolio positions and may mean that assessment approaches evolve over time.
2.5 No Regulated Advice or Duties: You confirm that AFII is not providing tax, legal, investment, accounting, or any regulatory or regulated advice or services to you.
2.6 No Recommendations or Investment Advice: You acknowledge that AFII does not offer recommendations, investment advice, or financial promotions of any kind through the Services, and you are not relying on AFII for any regulated advice, duties, or outsourcing of activities or regulated obligations.
2.7 Responsibility for Assets: You confirm that you remain solely responsible for all Assets and compliance by you with any regulated obligations. AFII does not have any power, control, or authority over the Assets.
2.8 No Management Mandate: AFII does not hold any management mandate, discretion, or decision-making authority over the Assets. All decisions regarding the Assets are made independently by you.
2.9 No Consideration of User Circumstances: You understand that AFII’s Model Portfolio(s), QTA methodology, and Services are purely theoretical, and not tailored to your individual circumstances or Assets.
2.10 Independent Decision-Making: You agree to make all decisions based on your own judgment and take responsibility for seeking independent advice. You confirm that you are not relying on AFII for decision-making or advice. Where AFII responds to any questions you raise in relation to the Services, any response given by AFII should be understood as a statement of fact, which may include explaining the factual basis for AFII’s analysis and should not be taken as an investment recommendation or information recommending or suggesting any investment or investment strategy.
2.11 Prohibited Use for User Services: You agree not to use the Services for purposes of any services or financial products that you provide to your own clients or otherwise, nor to reference the Services in any communications other than with AFII. Without limitation, you agree you will not refer to the Services, the QTA methodology, or AFII in any communications with any third party, including, without limitation, in any securities or other financial product communications or documentation. Where you apply the QTA methodology to any User Portfolio as permitted in Clause 1.1.2, this is solely for your own informational and educational purposes, and is not to be seen as a service provided by AFII for any other purpose or to or for the benefit of any party other than yourself.
2.12 Benchmark Regulation Compliance: You will not use the Services in a way that would cause any level or value connected with the Services to become a benchmark under either the EU Benchmarks Regulation (Regulation (EU) 2016/1011) or the UK onshored version of the EU Benchmarks Regulation.
2.13 Compliance with Laws: You confirm that you will comply with all relevant laws and regulations and notify AFII of any material changes in relation to your business, including changes to any regulatory authorisations you hold.
2.14 AFII’s Discretion on Service Provision: AFII may determine in its sole discretion, without providing any explanation, whether to provide or continue to provide the Services to any person or entity.
2.15 Diligence Requests: You agree to respond to any reasonable diligence requests by AFII regarding yourself or your organisation, either for purposes of considering you as a user of the Services or in connection with your ongoing use of the Services.
3. License and Permitted Use
3.1 License Grant: AFII grants you a limited, non-exclusive, revocable, non-transferable licence to access and use the Services solely for internal business purposes. This licence is granted on the condition of compliance with these Terms.
3.2 Restrictions: You may not publish, reproduce, distribute, sub-license, or sell any information obtained from the Services to any other entity, including any of your affiliated undertakings.
3.3 Fees: Each Model Portfolio, the QTA methodology, and Services are provided free of charge in accordance with AFII’s objectives as a not-for-profit organisation. If any charges are to apply in the future, this will be agreed in writing between AFII and the User.
4. Intellectual Property Rights
4.1 Ownership: All intellectual property rights, including copyright and database rights, in the Services remain with AFII or its licensors. No ownership rights are transferred under these Terms.
4.2 No Implied Rights: No implied licences or rights are granted to you other than those expressly stated in these Terms.
5. Confidentiality
5.1 User Obligations: You agree to keep all information accessed through the Services confidential and not disclose it to any affiliated entity or other person or entity without AFII’s prior written consent, except as required by law. AFII confirms you may share all information accessed through the Services within your organisation strictly on a “need-to-know” basis and on the basis that any recipient agrees that such information must be kept confidential and not communicated to any other person or entity.
5.2 Password Confidentiality: You agree to keep confidential any password provided by AFII for accessing the Services which is for your personal use only and not for use by any other person.
6. Disclaimer and Limitation of Liability
6.1 No Representation, Warranty on Results or Outcomes: AFII does not provide any representations or warranties regarding results or outcomes derived from any Model Portfolio, the QTA methodology or the Services.
6.2 No Representation or Warranty on Availability: AFII does not guarantee the availability of the website or Services and may withdraw or suspend access to the Services without notice.
6.3 Exclusion of Liability: To the maximum extent allowed by law, AFII disclaims any liability for:
6.3.1 Direct, indirect or consequential losses, including loss of profits, business, goodwill, or data; and
6.3.2 Damages resulting from errors, omissions, interruptions, or delays in the Services.
6.4 Limitation of Liability: AFII’s total liability to you and your organisation in connection with these Terms and the Services, whether arising from breach of contract, negligence, or otherwise, shall not exceed £1,000 or, if greater, the fees paid by the User or its organisation to AFII for accessing the Services in the preceding 12 months.
7. Indemnity
7.1 You agree to indemnify and hold AFII harmless from any claims, damages, or liabilities, including legal fees, arising from your unauthorised use of the Services, breach of these Terms, or violation of third-party rights.
8. Data Protection and Privacy
8.1 Monitoring and Use of Data: AFII may monitor or view your use of the Services and website for the purpose of providing and improving the Services.
9. Termination
9.1 Termination Rights: Without prejudice to clause 6.2, AFII reserves the right to suspend or terminate your access to the Services with 10 days’ prior notice, for any reason, without cause and at its sole discretion.
9.2 Automatic Termination: If AFII terminates your access to the Services, these Terms will terminate automatically.
9.3 Post-Termination Obligations: Upon termination, you must cease all use of the Services and delete any materials derived from the Services that are stored on your systems. The provisions of clauses 5, 6, and 7 will survive any termination of these Terms.
10. Force Majeure and Disruption
10.1 AFII shall not be held liable for any delay or failure to perform its obligations under these Terms due to circumstances beyond its reasonable control, including acts of God, war, civil unrest, technical failures, or any other event that disrupts the Services or causes them to be withdrawn or unavailable without notice.
11. Entire Agreement
11.1 These Terms constitute the entire agreement between you and AFII concerning the use of the Services and supersede any previous agreements or understandings, whether written or oral, relating to the Services.
12. Governing Law and Jurisdiction
12.1 Governing Law: These Terms shall be governed by and construed in accordance with the laws of England and Wales.
12.2 Exclusive Jurisdiction: The courts of England and Wales shall have exclusive jurisdiction to resolve any disputes arising from or in connection with these Terms or the Services.
13. Miscellaneous Provisions
13.1 Third Party Rights: Except as expressly stated in these Terms, nothing in these Terms shall confer any rights on any person or entity other than AFII and the User, and no person or entity who is not a party to these Terms shall have any right to enforce any term of these Terms under the Contracts (Rights of Third Parties) Act 1999.
13.2 Severability: If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect. The parties agree to substitute the invalid or unenforceable provision with a valid provision that most closely reflects the intent of the original provision.
13.3 Waiver: AFII’s failure to exercise any right or enforce any provision under these Terms shall not constitute a waiver of such rights or provisions.
13.4 Assignment: You may not assign or transfer any rights or obligations under these Terms without AFII’s prior written consent. AFII may assign its rights and obligations under these Terms to any other party at its discretion.
13.5 Amendments: AFII may revise these Terms from time to time and will notify Users of any changes. Continued use of the Services constitutes the User’s express agreement to the revised Terms.
14. Notices
14.1 All notices required or permitted to be given under these Terms must be in writing. Notices to Users shall be sent to the email address provided by the User. Notices to AFII shall be sent to co2liseum@anthropocenefii.org.