Terms of service
Last updated: .
Service and operator
Iman Samizadeh operates Risk Desk as an AvidQuant project. These terms cover the hosted website and MCP service.
Use of the service is subject to these terms and the privacy policy. Contact info@avidquant.com with questions.
Service scope
Risk Desk calculates portfolio exposure, tail risk, model comparisons and backtests, derivatives risk, attribution, limits, liquidity, stress, credit and capital measures from supplied values or synthetic examples. It fetches no market data, connects to no broker and places no orders. Counterparty XVA requires the local tool.
Research purpose and decisions
The service is intended for research, not investment advice.
The service provides software for research, education and evaluation of calculations from selected inputs. It does not assess whether an investment, strategy, position size or level of risk is suitable or appropriate for you.
A calculation, ranking, comparison or illustration must not be treated as a personal recommendation, an instruction to trade or an assurance that an investment is safe. Obtain independent professional advice where needed. You remain responsible for selecting inputs, checking assumptions and deciding whether and how to use the results, subject to any duties the law places on us.
Models and results
Algorithms, software and third-party components can contain defects. Inputs can be incomplete, inaccurate, stale or unsuitable for a model. Results depend on the assumptions, calibration, conventions and limitations stated for the calculation.
Reproducible results and successful tests do not establish fitness for your purpose or regulatory approval. Modelled prices are not executable quotes. Simulated or historical performance does not guarantee future performance. A risk estimate is not a maximum possible loss. Independently verify material results before relying on them in any financial, valuation, risk, accounting or regulatory process.
Data permission and ownership
You retain whatever rights you hold in your inputs. You must have permission for the upload, temporary processing, storage where used, and delivery of the requested output through your chosen client. You grant only the limited permission necessary to provide that processing.
Your confirmation does not override a provider contract or create rights you do not hold. Software access does not grant market-data, exchange, methodology, public-display or redistribution rights. Restrictions may also apply to derived outputs.
Do not send credentials, personal account identifiers or confidential data that you are not permitted to disclose. These obligations do not remove our own applicable data-protection or security duties.
Software ownership
Rights in our original software remain with its rights holders. Third-party software, algorithms, methodologies and data retain their respective rights and licence terms. Providing access or processing an input does not transfer those rights.
Inclusion of a component is not a guarantee that its results are accurate or appropriate for your use. Nothing in these terms changes a licence already granted or permits removal of required notices.
Warranty and liability
To the extent permitted by applicable law, the service and its outputs are provided as is and as available, without warranties of accuracy, completeness, availability, fitness for a particular purpose or achievement of any financial result. No model or result is guaranteed to prevent a loss, identify every risk or comply with a particular regulatory reporting regime.
For business users, and only to the extent permitted by applicable law, we exclude liability for trading losses, lost profits, lost opportunities and indirect or consequential loss arising from use of the service or reliance on its outputs. This business exclusion does not apply to consumers.
Nothing excludes or limits liability for fraud, fraudulent misrepresentation, death or personal injury caused by negligence, or any other liability that cannot lawfully be excluded or limited. Nothing waives mandatory consumer or data-protection rights. These terms do not prevent complaints to a competent regulator or court.
Access and reports
Do not disrupt the service, bypass limits or attempt to access another person's report. Requests can be refused when limits are exceeded. Browser reports expire after one hour and can disappear sooner after deletion or a restart. Keep your source files and your report link private.
Software use remains subject to its applicable licence, including PolyForm Noncommercial 1.0.0 for the project code. Review the licence before business or revenue-generating use; a separate written agreement may be required.