The below table sets out the Permitted Purposes for ICIS Licensed Products and is part of the Order Form. The Order Form identifies which Permitted Purposes apply to your use of the Licensed Product. Capitalized terms have the meanings given to them in the terms and conditions which apply to your Order Form.

Please note that the terms and conditions which apply to your Order Form set out certain basic usage rights. The rights set out below are in addition to, not instead of, those rights, unless your Order Form says otherwise.

If you require usage rights beyond those permitted by the Permitted Purpose, please contact your account manager or sales representative to arrange appropriate usage rights for your business.

Permitted Purpose Internal distribution permitted? External distribution permitted? Derived Data permitted? Use in Permitted Applications?
Audit and Compliance
Authorized Users may use Licensed Content to ensure Customer adheres to regulatory and corporate guidelines.
Yes; Customer may share information with Customer’s audit and compliance, legal teams, or employees directly involved in the audit process. Yes: Customer may share information with (i) Customer’s auditors and other third-party advisors engaged in fulfilling Customer’s audit and regulatory obligations, and (ii) regulators or other legal authorities or enforcement bodies. No No
Contract Negotiations
Authorized Users may use Licensed Content to conduct cost-price analysis, identify negotiation points, and justify contractual positions. Authorized Users may not share Licensed Content with contracting parties and may not use Licensed Content in documents such as invoices or contracts.
Yes: Authorized Users may share Licensed Content with Customer’s procurement or sales teams to the extent necessary for them to do so in order to carry out the Permitted Purpose. No Yes; Customer may use Licensed Content to calculate prices or pricing formulas or equations. No
Derivative Trading / Hedging & risk management
Authorized Users may use Licensed Content to formulate a trading and hedging strategy (typically trading SWAPS, futures and options).
Yes: Customer’s trading team, analysis team, trading analysis team, and/or risk team may access Licensed Content to the extent necessary for them to do so in order to carry out the Permitted Purpose. No Yes; Customer may use Licensed Content to create Derived Data solely to the extent set out in the Order Form. Yes: Authorized Users may place Licensed Content into Customer’s commodity trading and risk management system (as identified on the Order Form) solely in support of and pursuant to the Permitted Purpose in order to generate Derived Data in accordance with the Order Form.
External Reporting
Authorized Users may graphically present insubstantial portions of Licensed Content in reports, documents, charts and tables to be distributed externally on an occasional basis. Customer must apply a copyright notice and disclaimer crediting ICIS as the source of the data under each chart, table, or graphic.
Yes; solely as described in the Permitted Purpose Yes; solely as described in the Permitted Purpose. Yes, in accordance with the description set out in the Order Form. No
Financial and Business Modelling
Authorized Users may use Licensed Content to construct a numerical representation of business scenarios to implement a financial and business model.
Yes; Customer may share Licensed Content only with management or other internal senior management who need access to Licensed Content in order to understand the financial and business model. No Yes – Customer may use Licensed Content to create proprietary forecasts for internal use only or to benchmark against ICIS forecasts. Yes; Customer may use Licensed Content solely in the Permitted Applications identified on the Order Form.
Financial Planning and Reporting
Authorized Users may use Licensed Content to formulate proprietary budgets for internal use only, undertake forecasting and target-setting, develop business plans, and to attribute a fair value to assets, liabilities and trades for such purposes.
No No Yes – Customer may create materials and information based on Licensed Content solely in pursuit of the Permitted Purpose, such as materials for financial planning and budgets. Yes; solely in pursuit of the Permitted Purpose, Customer may use Licensed Content in Excel or other financial or budget-preparation software with a similar purpose and functionality.
Internal Transfer Pricing
Authorized Users may use Licensed Content to determine a fair price for goods or services supplied between Customer and its Affiliates or between Customer Affiliates.
Yes; in pursuit of the Permitted Purpose, Authorized Users may share Licensed Content with individuals employed in Customer’s finance and tax functions. No No Yes; Customer may use Licensed Content in its internal tax or Customer’s other back-office applications solely to the extent necessary to carry out the Permitted Purpose.
Investment Strategy
Authorized Users may use Licensed Content to analyse Customer’s or Customer Affiliates’ investment opportunities. This includes the evaluation of value, income, and risk of the intended investment.
Yes; Authorized Users may share Licensed Content with Customer’s strategy function and senior executive leadership in connection with the Permitted Purpose. No Yes; Customer may create investment strategies, financial analyses, and forecasts in relation to Customer’s investment opportunities. No
Invoicing/Settlement
Authorized Users may use Licensed Content to produce, check, and validate settlement of invoices or payments in connection with contracts.
Yes; Authorized Users may share Licensed Content with Customer’s back-office teams who are responsible for invoice production. No ; unless otherwise stated on an Order Form, Customer may not share Licensed Content with third parties (including counterparties) or included in contracts or invoices. Yes; Customer may create Derived Data to the extent required to populate invoices. Yes; Authorized Users may use Licensed Content in Customer’s back-office applications solely to the extent necessary to carry out the Permitted Purpose.
Market Analysis
Authorized Users may use Licensed Content to identify key market trends, market capacity, market size, market share, commercial opportunities and competition analysis.
Yes; Customer’s internal teams may access Licensed Content to the extent necessary for them to do so in order to carry out the Permitted Purpose. No Yes; Customer may create analyses, charts, or other analytical output in pursuit of the Permitted Purpose. Yes; Authorized Users may use Licensed Content in Customer’s back-, mid-, and front-office applications solely to the extent necessary to carry out the Permitted Purpose.
Operational Scheduling
Authorized Users may use Licensed material to arrange, control and optimize workloads in a business process.
Yes; Customer’s operational scheduling, procurement, logistics, and sales teams may access Licensed Content to the extent necessary for them to do so in order to carry out the Permitted Purpose. No Yes; Authorized Users may use create Derived Data solely to the extent necessary to carry out the Permitted Purpose. No
Risk Management
Authorized Users may use Licensed Content to identify, analyse and mitigate uncertainty in business, financial and legal decisions.
Yes; Customer’s risk management teams may access Licensed Content to the extent necessary for them to do so in order to carry out the Permitted Purpose. No Yes; Authorized Users may create Derived Data solely to the extent necessary to carry out the Permitted Purpose. No
Trade Finance
Authorized Users may use Licensed Content to justify lending, issuing letters of credit, export credit, and insurance.
Yes; Customer’s credit team may access Licensed Content to the extent necessary for them to do so in order to carry out the Permitted Purpose. No No Yes; Authorized Users may use Licensed Content in Customer’s trade finance applications solely to the extent necessary to carry out the Permitted Purpose.
Trading with Settlement
Authorized Users may use Licensed Content to conduct settlements in physical or cash settled contracts. This includes using Licensed Content to produce, check, and validate settlement of payments in connection with contracts. This excludes invoicing and trading for hedging or risk management purposes.
Yes: Customer’s trading team, analysis team, trading analysis team, and/or risk team may access Licensed Content to the extent necessary for them to do so in order to carry out the Permitted Purpose. No Yes No
Valuations
Authorized Users may use Licensed Content to attribute a fair value to assets and liabilities, conduct mark-to-market analysis.
Yes; Customer may share Licensed Content with employees who are directly involved with preparing Customer’s financial reports. No Yes No