This page sets forth the terms and conditions under which WORLD TRADE FUND, its subsidiaries, affiliates, partners, or any company engaging with WORLD TRADE FUND collectively referred to as the (“WTF”) makes this site available to you, as well as the terms and conditions governing your use of this site. By making use of this site, you agree to be bound by the terms and conditions we have outlined below, as the same may be modified from time to time. Modifications shall be effective immediately upon posting on the site. If you do not accept these terms and conditions, please do not continue to use or access this site.
Availability of Investment Products
WORLD TRADE FUND investment products are not offered or available for sale in the United States or to United States citizens or residents of the United States or to Cayman Islands citizens or residents of the Cayman Islands. The materials and information contained on this website do not constitute an offer or solicitation to anyone in any jurisdiction in which an offer is not authorized, or to any persons to whom it is unlawful to make such an offer or solicitation. Some WTF investment products may not be available in all jurisdictions or may vary from jurisdiction to jurisdiction.
Past performance is not necessarily a guide to future performance. The value of your account can go down as well as up as a result of changes in the value of the underlying securities.
There is also currency risk involved in some portfolios the WORLD TRADE FUND invests in. Values in these investment products are either U.S. dollar-denominated, Euro-denominated or GBP denominated depending on the type of account.
By you downloading or ordering any Forms or Brochures from this site, WORLD TRADE FUND does not represent or warrant that it is authorized to distribute its products in your country. Permitting you to download Forms or Brochures on our products does not constitute a solicitation to anyone in any jurisdiction where such solicitation would be unlawful. For further advice, you should consult an appropriate advisor in your country of residence, and forward any correspondence (application, documentation or general requests) directly to him/her.
The information provided on this site is distributed with the understanding that WORLD TRADE FUND is not providing professional, legal or tax advice of any type. If you have a question requiring professional advice, such as a question relating to law, tax or financial planning, please seek the advice of a qualified professional that can advise you directly on any of these matters and the possible effect on you personally. You should consult the contract forms and the appropriate prospectus you choose with your qualified professional advisor.
All transactions are conducted based on signed written agreements between WORLD TRADE FUND and its customers. No other representation, whether made in person, online, electronically, in written, graphical, or verbal communication, may alter the terms of those agreements except that and your use of our site constitutes your agreement to the terms and conditions of such use.
Reservation of Rights
We reserve the right, at our discretion, to change, modify, add, or remove portions of these terms and conditions at any time. Your continued use of the site will be conclusively deemed acceptance of any changes to these terms and conditions. It’s your responsibility to review the terms and conditions each time you access this website. At all times, you are bound by the then-current version of the terms and conditions and of all applicable laws.
Limitation of Liability
Although the information provided to you on this site is obtained and compiled from sources we believe to be reliable, WORLD TRADE FUND cannot and does not guarantee the accuracy, validity, timeliness or completeness of any data made available to you for any particular purpose. WORLD TRADE FUND does not warrant the accuracy of the information provided herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. The information provided on this site is provided “AS IS” and cannot be guaranteed. Neither WORLD TRADE FUND nor any of its affiliates, directors, officers, shareholders or employees will be liable or have any responsibility of any kinds for any loss or damage that you incur in the event of any failure or interruption of this site, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use the site or the information contained therein, whether or not the circumstances giving rise to such cause may have been within the control of WORLD TRADE FUND or any vendor providing software or services support. In no event will WORLD TRADE FUND, its affiliates or any such parties be liable to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if WORLD TRADE FUND or any other party have been advised of the possibility thereof. WORLD TRADE FUND will not be responsible for any loss or damage that could result from interception by third parties of any information made available to you via this site.
Events Beyond WORLD TRADE FUND’s Control
You expressly absolve and release WORLD TRADE FUND, its respective affiliates, related companies, and all of their respective officers, directors, employees, registered representatives, shareholders, legal representatives, attorneys, agents, successors and assigns, from any claim of harm resulting from a cause beyond WORLD TRADE FUND’s control including, but not limited to, the failure of electronic or mechanical equipment or communication lines, telephone or other interconnect problems, computer viruses or software failures, unauthorized access, theft, operator errors, severe weather, earthquakes, or natural disasters, strikes or other labor problems, wars, acts of domestic or foreign terrorism or governmental restrictions.
Use of the Site, Copyrights, Trademarks & Service Marks
The site is owned and operated by WORLD TRADE FUND. Certain images used on the site are licensed, not owned, by WORLD TRADE FUND and may not be used, distributed, modified, transmitted, reused or reposted without the prior written permission of the party from whom WORLD TRADE FUND has licensed such material. You may access the WORLD TRADE FUND owned material on the site for non-commercial, personal use only, provided you also retain all copyright and other proprietary notices contained on the materials. You may not use, distribute, modify, transmit, reuse or repost such material for public or commercial purposes without the prior written permission of WORLD TRADE FUND. WORLD TRADE FUND neither warrants nor represents that your use of materials displayed on the site will not infringe rights of third parties not owned by or affiliated with WORLD TRADE FUND. Any unauthorized use of the images may violate copyright laws, trademark laws, the laws of privacy and publicity and communications regulations and statutes. Third party trademarks are used with the permission of their owners.
User Representations
You represent and warrant to WORLD TRADE FUND that you will not use this site for any purpose that is unlawful or prohibited by these terms and conditions, including but not limited to attempting or actually (a) disrupting, impairing or otherwise interfering with the operation or integrity of the site or circumventing any site security system; (b) collecting any information about other users of the site; or (c) systematically extracting content or other information or data contained in the site to populate databases or other sites.
Links To and From Third Party Websites
You may note that some of the pages on this site provide hypertext links to other sites created by other organizations. We provide you links to other sites as a free service. Because those other sites are not under our control, we cannot guarantee the quality, accuracy, or timeliness of those sites. Nor is our connection to those sites an endorsement or adoption of the views expressed or of the products and services sold on those sites. Questions about the content of those sites should be directed to their authors. If you would like to provide a hypertext link from your site to this site, please request our permission before doing so. To request such permission, send a message via e-mail.
Miscellaneous
These terms and conditions shall be governed and construed in accordance with the laws of the Cayman Islands applicable to agreements made and to be performed in the Cayman Islands.
In the event that any provision of these terms is held unenforceable, the validity or enforceability of the remaining provisions will not be affected, and the unenforceable provision will be replaced with an enforceable provision that comes close to the intention underlying the unenforceable provision.
The Cayman Islands is the one of the most dynamic and sophisticated financial centers in the world, ranking number five directly after New York, London, Tokyo and Hong Kong. The financial services industry in the Cayman Islands is supported by all of the major accounting firms and sophisticated legal profession. Additional attributes are:
- The world´s fifth largest financial center.
- First class business infrastructure.
- Broad scope of financial products.
- The 2nd largest offshore insurance center.
- Home of 80% of the world´s mutual funds and hedge funds.
- Favorable economic advantage.
- Sound regulatory policies.
- Statutory confidentiality provisions.
- Forward looking legislature.
- Stable political climate.
- Same time zone as the Eastern USA.
- Excellent communications.
- Easily accessible from North America and Europe.
FATCA Regulations
The Foreign Account Tax Compliance Act (FATCA) was introduced by the United States (US) in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act with the purpose of reducing tax evasion by their citizens. Hence, its introduction the US FATCA program has taken a worldwide approach, and many countries and jurisdiction have implemented the system and accepted regulations.
On November 2013, the Cayman Islands joined many countries and jurisdictions in an effort to promote financial transparency and fight tax evasion thru a global standard. For Cayman this was a bold step moving forward as one of the first tax haven countries to adopt these regulations. Now in 2015, the Cayman Islands continues to be one of the best places to establish an Investment Fund and is also becoming the center for the trading industries, which are bound to conduct trade transactions worldwide. This is a new beginning to shift current perspective about the financial role the Cayman Islands have in world economy. With solid, transparent and clear laws and regulations already established and implemented, Cayman is ahead of most jurisdictions bringing additional stability to the country and working towards financial growth.
The Cayman Islands is an established worldwide financial center, the region´s banking infrastructure consist of proven network of international financial institutions that conduct gold and silver transaction on a global basis.
World Trade Fund has chosen Cayman Islands because it is already well developed as an international financial center. For 25 years the government has welcome offshore business, and has created a world-standard regulatory structure to discourage money-laundering and other criminal activity. The Cayman Island has the largest offshore banking sector, and are second only to Bermuda as a captive insurance center. Mutual funds and Hedge funds have been a more recent success story, assisted by the establishment of a stock exchange. Trust management has always been a significant activity. The islands also offer a shipping registry. China´s explosive entry into world markets saw the Cayman Islands emerge as one of the primary routes for financial flows into and out of the Chinese mainland.
The Cayman Islands are the 5th largest banking center in the world, with $ 1.5 trillion in banking liabilities. There are 279 banks, 19 of which are licensed to conduct banking activities with domestic and international clients, the remaining 260 are licensed to operate on an international basis with only limited domestic activity. Financial services generated CI$ 1,2 billion of GDP (55% of the total economy), 36% of all employment and 40% of all government revenue. It has branches of 40% of the world´s 50 largest banks. There are number of services providers. These include global financial institutions as HSBC, UBS and Goldman Sachs; over 80 administrators, leading accountancy practices, and offshore law practices.