Metodologias

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Thank you for your interest in S&P Dow Jones Indices LLC’s ("S&P DJI") report, including those portions prepared by Ernst & Young LLP ("EY") (the "Report") on its adherence with the criteria of the Principles for Financial Benchmarks Final Report published by the Board of the International Organization of Securities Commissions ("IOSCO") dated as of July 2013 and available online at URL http://www.fsa.go.jp/inter/ios/20130718-1/03.pdf (the "IOSCO Principles for Financial Benchmarks" or the "Principles").

This Report is intended solely for the information and use of S&P DJI, user entities and prospective user entities of S&P DJI’s benchmarks, entities providing services to such user entities, and regulators, and others who have sufficient knowledge and understanding of the following:

• · The nature of the service provided by S&P DJI;
• · Internal control and its limitations;
• · The criteria of the IOSCO Principles; and
• · The risks that may threaten the achievement of the criteria of the IOSCO Principles and how controls address those risks.

In order to access the Report, you must accept the following terms and conditions listed in Paragraphs 1 through 9 below by clicking "I ACCEPT". Once you click "I ACCEPT" your acceptance is final. To cancel, or if you do not agree to the following terms and conditions, click "CANCEL."

By clicking on the "I ACCEPT" button below, you agree, on behalf of yourself and the entity obtaining access to the Report hereunder (the "Recipient"), to be bound by all of the below covenants, understandings, terms and conditions. Such acceptance and agreement shall be deemed to be as effective as a written signature by you, the recipient of the Report (also referred to herein as, the Recipient), and this agreement shall be deemed to satisfy any writings requirement of any applicable law.

1. Certification. You certify that you are one of the classes of users listed above with sufficient knowledge and understanding to use the Report.
2. Use of Report. S&P DJI has published the Report for informational purposes only. You agree that you will access and use the Report only for your internal and non-commercial purposes. You acknowledge and agree that you shall not use the Report as the basis of a claim against S&P DJI or its affiliates including its parent company S&P Global Inc. or EY. None of such parties will have any liability in contract, tort, or otherwise to you or any other third party in relation to the contents of the Report.
3. Voluntary Alignment and Interpretation of Principles. As recognized by IOSCO, S&P DJI’s and other Benchmark Administrators’ adherence with the Principles is voluntary. The Principles suggest that Benchmark Administrators use proportionality in implementing the Principles. Accordingly, the Report and S&P DJI’s adherence with the Principles reflect S&P DJI’s interpretation of the Principles based on its experience in providing indices and principles of proportionality.
4. Updates to Business Operations. S&P DJI may update, modify, or adapt its business practices, procedures and/or policies referenced in the Report from time to time as a result of changing business conditions or to comply with legal or regulatory requirements or guidelines.
5. Effect of the Report. The Report summarizes S&P DJI’s current business practices, procedures and policies, but the Report is not intended to create or memorialize any obligation of S&P DJI vis-a-vis any third party. The Report is not intended to modify, amend, or supplement any agreement between S&P DJI and any third party.
6. Terms of Use; General Disclaimer. These terms are in addition to and supplement the Terms of Use of S&P DJI’s website, which Terms of Use are incorporated herein by reference. The Terms of Use are available online at URL http://www.spindices.com/terms-of-use/. The Report is also subject to S&P DJI’s General Disclaimer, which is incorporated herein by reference. The General Disclaimer is available online at URL http://www.spindices.com/regulatory-affairs-disclaimers/. Without limiting the generality of the foregoing, the Report will be considered to be "Content" pursuant to the Terms of Use and General Disclaimer. Notwithstanding anything to the contrary set forth in these terms and conditions or in the Terms of Use of S&P DJI's website, redistribution and/ or reproduction of the Report in whole or in part are prohibited without written permission of S&P DJI. Distribution or disclosure of any portion of the Report or any information or advice contained therein is prohibited.
7. General Terms. There are no third party beneficiaries of these terms other than S&P DJI’s affiliates including its parent company, S&P Global Inc., and EY. Terms used herein and not otherwise defined have the meanings assigned to them in the Principles. These terms may be updated from time to time. These terms were last updated on December 6, 2016.
8. EY was engaged by S&P DJI to perform an examination on management's assertion regarding their adherence with the IOSCO Principles for Financial Benchmarks for the period June 1, 2017 to May 31, 2018 (the "Services"). S&P DJI has informed EY that it wishes to disclose a copy of the Report in connection with the Services to the entity obtaining access hereunder (referred to herein as, the "Recipient").

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