Terms of use

This website and its contents are provided by DNB Carnegie (see definition below). The following terms apply for all access to and use of information from this website. By accessing and browsing this website, you acknowledge and agree to the terms and conditions set forth below. If you do not accept these terms and conditions, you are asked to promptly leave this website and to not use the information provided on this site for any purpose.

1. DNB Carnegie

DNB Carnegie is a Business Area in the DNB Group comprising: 1) the investment services division of DNB Bank ASA; 2) DNB Carnegie Investment Bank AB (a wholly owned subsidiary of DNB Bank ASA) and 3) DNB Carnegie, Inc. (a wholly owned subsidiary of DNB Bank ASA). DNB Carnegie is a leading Nordic provider of investment services.

DNB Carnegie generates added value for institutions, companies and private clients in the areas of trading in securities, investment banking, and securities services.

2. No warranties

The contents of this website are provided on as is basis. DNB Carnegie does not provide any warranties regarding the website or the contents thereof. DNB Carnegie reserves the right to update the website and to discontinue the provision of access to the website at any time. DNB Carnegie shall not under any circumstances be liable for any expenses, losses or damages arising out of the use of the website.

3. Reference to Report disclaimer

The Reports published on this website include Disclosures and disclaimers. All readers should carefully read such Disclosures and disclaimers in connection with reading a Report. The Disclosures and disclaimers contain useful and important information about the Reports and associated risks.

4. The Reports do not constitute investment advice

The Reports are made for information purposes only, and do not constitute and should not in any way be considered as an offer to buy or sell any securities or other financial instruments or to participate in any investment strategy. The Reports have been prepared as general information and are therefore not intended as personal recommendations of particular financial instruments or strategies, and do not constitute personal investment advice. Investors should therefore make their own assessments of whether any of the trading ideas described in the Reports are suitable investments based on the investor’s knowledge and experience, financial situation, and investment objectives. No liability whatsoever is accepted for any direct or indirect (including consequential) loss or expense arising from the use of the Reports.

5. Property rights

All contents of this website, including the Reports, are the property of DNB Carnegie. DNB Carnegie retains all intellectual property rights (including, but not limited to, copyright) relating to the contents and Reports. Sell-side investment firms are not allowed any commercial use (including, but not limited to, reproduction and redistribution) of the Reports contents, either partially or in full, without DNB Carnegie’s explicit and prior written consent. However, buy-side investment firms may use the Reports when making investment decisions, and may also base investment advice given to clients on the Reports. Such use is dependent on the buy-side investment firm citing DNB Carnegie as the source.

6. Distribution

Reports are not for publication and are prepared for information purposes only. Distribution of the Reports are in certain jurisdictions restricted by law. The Reports shall not be used for any unlawful or unauthorised purposes.

7. No liability

DNB Carnegie, its affiliates and subsidiaries, their directors, officers, shareholders, employees or agents, are not responsible for any errors or omissions, regardless of the cause, or for the results obtained from the use of the Reports, and shall in no event be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the Reports, even if advised of the possibility of such damages.

DNB Carnegie assume no obligation to update the Reports in any form or format. The Reports should not be relied on and are not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other business decisions. Recipients are urged to base their investment decisions upon such investigations as they deem necessary.

8. Risk warning

The risk of investing in financial instruments is generally high. Past performance is not a reliable indicator of future performance, and estimates of future performance are based on assumptions that may not be realised. When investing in financial instruments, the value of the investment may increase or decrease, and the investor may lose all or part of their investment. Careful consideration of possible financial distress should be made before investing in any financial instrument.