Disclaimer
1. No financial, legal, tax or accounting advice
Placeholder. Will state that cpStudio is analytical software, that nothing it produces is advice or a recommendation to transact, and that users remain responsible for their own decisions.
2. Calculated figures are model output
Placeholder. Will explain that margin, capital, valuation and sensitivity figures - SIMM, Schedule-based, FRTB, xVA, valuations and the rest - are the output of models run on the inputs supplied, that they depend on those inputs and on modelling assumptions, and that they are not warranted to be accurate, complete, or to match any counterparty's or regulator's own calculation.
3. Market and reference data
Placeholder. Will address data sourced from third parties and imported by customers: Counterpoint Dynamics does not warrant its accuracy or timeliness, and third-party data may carry its own licence terms.
4. Regulatory and reporting responsibility
Placeholder. Will make clear that where output is used for a regulatory submission, disclosure or margin call, responsibility for its correctness and for meeting the applicable rules stays with the user and their organisation.
5. No warranty
Placeholder. Will set out the disclaimer of warranties, including fitness for a particular purpose and uninterrupted or error-free operation. To be drafted by legal alongside the limitation of liability in the Terms & Conditions.
6. Contact
Placeholder. Will give the address for questions about this disclaimer.