You must read these terms and conditions and the information carefully before proceeding. By accessing and using the PARfinance website, you expressly acknowledge that you have read, understood and agree to be bound by these terms and conditions and the legal information contained below. If you do not accept these terms and conditions, you must leave the website now.


The website is operated by PARfinance, Grand-Rue 11 1204 Geneva, Switzerland on behalf of PARfinance SA.

PARfinance SA is registered with the Registre du Commerce du Canton de Genève.

The Website is the exclusive property of PARfinance. Its ownership rights may not be altered in any way whatsoever by any reproduction or use of the website.

Local and cross-border restrictions

The information and services provided on this Website are not provided to, and must not be used by, any person in any jurisdiction where (by reason of that person's nationality, residence or domicile, or for any other reason) the provision or use of, or access to, the Website is prohibited. Any person to whom such prohibitions apply must not access or use the website. The products and services described on the Website may not be available or may be prohibited to persons in jurisdictions other than Switzerland (by reason of that person's nationality, residence or domicile, or for any other reason). You should consult for information regarding any restrictions applicable to you regarding the sale of such products and services.

Where PARfinance is not authorised by the regulatory authority of a certain country, PARfinance may not generally promote financial services in that country. However, this website may contain information, in particular on the financial services and products offered by PARfinance, which may be considered by the supervisory authorities as a public offer of financial products or canvassing targeting persons domiciled in the countries concerned.

Trademarks and copyright

The PARfinance logo and trademarks are protected by law, and all information contained on the site is protected by copyright. All rights are reserved to third party copyrights. Nothing on the site may be used in any form whatsoever unless expressly stated as being protected by trademarks, copyright and these terms and conditions.

Under no circumstances may links, for example in the form of hyperlinks or in-line links, be set up to this website, or framed, or accessed via in-line links or a frame, without the prior written consent of PARfinance.

It is prohibited to reproduce in whole or in part, transmit by electronic means or any other means, modify or use copyrighted material from this website for public or commercial purposes without the prior written consent of PARfinance.

The use of the website for advertising or commercial purposes, in any form whatsoever, is prohibited without the prior written consent of PARfinance..

No offer, solicitation or recommendation

All information provided, including opinions and analyses published on the site, is for information purposes only and should not be construed as an offer, advice or recommendation to buy or sell any particular security or to engage in any transaction whatsoever.

The risks associated with some investments are not suitable for all investors and you should consult your adviser for a precise assessment of your risk profile. We strongly recommend that you seek professional advice before making any investment decisions.

No legal, accounting or tax advice

The information provided by PARfinance on this website should not be construed as legal, accounting or tax advice.

Reliability of information

While PARfinance makes all reasonable efforts to use reliable and complete information, we make no representations or warranties of any kind that the information contained on this website is accurate, complete or current. Any decision based on this information is made at your own risk, and PARfinance disclaims any liability for any loss or damage that may result directly or indirectly from your use of this information. PARfinance reserves the right to modify the content of the site at any time without notice.

Investment performance

Past performance is neither a guarantee nor a guide to future investment performance. The value of investments may go down as well as up

increase or decrease in value and an investor may not be able to recover the initial investment made. Exchange rates may also cause the value of an investment to rise or fall.

Exclusion of warranty and limitation of liability

Neither PARfinance, its officers, directors, employees, affiliates and shareholders, nor any third party information provider, their officers, directors, employees, affiliates and shareholders, shall be liable for any loss or damage of any kind that any user may incur directly or indirectly as a result of the user's access to this Web site or use of the information or opinions available on the Web site or the user's inability to access or use the Web site or the information or opinions contained therein. In particular, under no circumstances shall PARfinance, its officers, directors, employees, affiliates and shareholders be liable for any loss or damage suffered as a result of any technical or other error, failure to transfer information, system supplement, problematic use.


If any provision or part thereof of these terms and conditions is held to be illegal, invalid or unenforceable under present or future law or by any court of competent jurisdiction, it shall not invalidate, void or render unenforceable any other provision of these terms and conditions. The illegal, invalid or unenforceable provision or part thereof will be amended to the minimum extent necessary to make such provision legal, valid or enforceable, as the case may be.

Applicable law and jurisdiction

All legal relations between the User and PARfinance shall be governed by and construed in accordance with Swiss law. The place of performance, the exclusive place of jurisdiction for any type of proceedings and the place of debt or bankruptcy proceedings against any User of the Internet site not domiciled or resident in Switzerland shall be Geneva, subject to the compulsory jurisdiction provided by applicable Swiss law and international conventions ratified by Switzerland. PARfinance nevertheless reserves the right to bring proceedings against you before the competent court of your domicile or any other competent authority.

Modification of terms and conditions

PARfinance reserves the right to change these terms and conditions at any time. These changes will be posted on the Website. By accessing and using the Website, you expressly agree to all such new terms and conditions.

Data protection

PARfinance does not guarantee the confidentiality and security of e-mail communications. You should be aware that data sent via the Internet may be viewed by unauthorised third parties. There is therefore no guarantee that unauthorised third parties will not be able to access this information and conclude that contact has been made with PARfinance.


PARfinance accepts no responsibility for any liability or damage of any kind arising from the unavailability of the Internet site or any part thereof or from the use of the Internet site.


The Website may provide automatic links to other websites. You use these links to external websites at your own risk. PARfinance therefore accepts no responsibility for their content or for any products, services or other offers available through them.