Disclaimers

No Client Money or Deposits

Zinscapital does not accept client money. Zinscapital does not hold, custody, or manage funds belonging to users or any third parties. No deposits, escrow arrangements, or investment accounts are operated by Zinscapital in any form.

Subscription fees paid to Zinscapital are fees for access to research tools and platform services only. They are not investments, deposits, or contributions to any fund or managed account.

No Brokerage or Order Execution

Zinscapital does not execute trades, route orders, or provide brokerage services of any kind.

Zinscapital does not act as a broker, intermediary, or agent in relation to any financial instrument transaction. No feature or tool on the platform constitutes the provision of brokerage or order execution services.

Users remain solely responsible for all trade decisions, order execution, and any resulting outcomes. Zinscapital does not custody assets.

Research and Educational Purpose

All content on this platform — including macro research outputs, equity research reports, valuation models, dashboards, analytical frameworks, strategy concepts, educational materials, and market commentary — is produced and delivered for informational and educational purposes only.

No content constitutes a solicitation, invitation, inducement, or offer to buy, sell, or subscribe to any financial instrument, security, investment product, or fund.

Users are solely responsible for any investment decisions they make. Zinscapital accepts no liability for decisions made in reliance on any platform content.

Model and Data Limitations

Quantitative models, analytical frameworks, and data outputs are subject to significant limitations:

• ›Models are built on assumptions that may prove incorrect
• ›Historical relationships between variables may not persist
• ›Data inputs may be delayed, incomplete, revised, or inaccurate
• ›Model outputs should not be interpreted as forecasts or guarantees
• ›No model reliably predicts market outcomes
• ›Macro regimes can shift rapidly in ways that invalidate current frameworks

All model outputs, dashboards, and frameworks are decision-support tools only. They are not investment recommendations.

Backtesting Limitations

Any backtested strategy, indicator, or analytical framework shown on this platform is hypothetical and for illustrative purposes only.

• ›Backtests are constructed using historical data that was not available at the time of the hypothetical trades
• ›Backtested results do not account for transaction costs, slippage, market impact, or liquidity constraints
• ›The benefit of hindsight may inadvertently influence backtest design
• ›Hypothetical performance results have inherent limitations and do not represent actual trading results
• ›Past performance — whether actual or hypothetical — is not indicative of future results

Third-Party Data

Market data, economic indicators, financial statistics, and other information sourced from third-party providers (including but not limited to FRED, financial data vendors, regulatory databases, and public data sources) are believed to be reliable but are not independently verified by Zinscapital.

Zinscapital accepts no liability for errors, omissions, delays, or inaccuracies in third-party data. Third-party data providers do not endorse or validate any analysis or conclusions drawn from their data on this platform.

Investment Risk Warning

Investing in financial markets involves significant risk. The value of investments and any income derived from them may fall as well as rise and is not guaranteed. You may receive back less than the amount you originally invested, or in some cases lose the entire amount.

• ›Past performance is not a reliable indicator of future results
• ›Historical data and backtests do not guarantee future performance
• ›Leverage and derivatives can amplify losses as well as gains
• ›Currency exchange rate fluctuations may increase or reduce returns
• ›Emerging market and less liquid investments carry additional risks
• ›Macro forecasts and scenario analyses are inherently uncertain

Before investing, you should carefully consider your investment objectives, financial resources, and personal risk tolerance. Seek professional advice where appropriate.

User Responsibility

By using this platform, you acknowledge and accept that:

• ›You are solely responsible for your own investment and financial decisions
• ›You have not relied on Zinscapital for personalised investment advice
• ›You understand that all platform content is for informational purposes only
• ›You will seek qualified professional advice where required
• ›You understand the risks of financial markets and investing
• ›You are accessing this platform on your own initiative and at your own risk

Forward-Looking Statements

This website and Zinscapital research may contain forward-looking statements, projections, forecasts, or opinions about future events, market conditions, or investment outcomes. These are based on assumptions and current information available at the time of writing and are subject to material uncertainty.

Forward-looking statements are not guarantees of performance. Actual results, market developments, or events may differ materially from those expressed or implied. Zinscapital undertakes no obligation to update forward-looking statements.

Regulatory Status Disclosure

Zinscapital Investment Research is not a licensed investment manager, regulated financial adviser, authorised broker-dealer, credit institution, or any other form of regulated financial services provider.

Zinscapital operates as an independent research and analytics platform. No regulated investment services are offered to the general public.

Jurisdictional Limitations

This website is primarily intended for audiences in Europe and other jurisdictions where accessing such content is lawful. It is not directed at US persons as defined under Regulation S, or residents of any jurisdiction where the content would be unlawful.

It is your responsibility to ensure that your access to and use of this website complies with applicable local laws and regulations.

Accuracy of Information

While Zinscapital takes reasonable care in preparing all content, we make no representation or warranty — express or implied — as to the accuracy, completeness, reliability, timeliness, or fitness for any particular purpose of any information provided on this website or through any service.

Conflicts of Interest

Zinscapital and its principals may hold positions in securities or financial instruments mentioned in research or commentary. Where material conflicts of interest exist, these will be disclosed in the relevant research.

Zinscapital does not receive compensation from companies it researches, does not accept paid placements in research, and does not engage in front-running based on research outputs.

Third-Party Links

This website may contain links to third-party websites or reference third-party data providers. Zinscapital is not responsible for the content, accuracy, or practices of any third-party website. The inclusion of any link does not imply endorsement.