Your privacy is very important to Direct Hedge SA, and we are committed to respecting your privacy on DirectHedge.com. We have put this policy together to provide you with information that addresses your privacy concerns, such as how we gather and use the information that we collect from our website's users. We will provide you with appropriate notice regarding any changes to this policy. Questions regarding this policy should be directed to Direct Hedge by sending an e-mail to Info@DirectHedge.com and writing "Privacy Policy" in the subject line.

The Information We Collect and How We Collect It.
As described in this Section, Direct Hedge collects information from you in order to make your visits to our website more productive. There are generally two types of information that we collect: personally-identifiable information and information that is not personally-identifiable.

We collect your personally-identifiable information only through the user registration process. Our registration form requests information from you regarding your name, address, and various pieces of information relevant to establishing your corporate suitability to utilize this website.

Direct Hedge also collects certain information that is not personally-identifiable. One method of collection is the recording of information regarding the number of visits to the various pages of our website. The collection of this information helps us to determine the areas of our website that are most useful to our visitors, so that we can make improvements or add new features based on our visitors' interests and needs.

Like most other websites, Direct Hedge's servers automatically track certain information about your activity on our website. This information allows us to keep our website running efficiently. This information includes: the browser you are using (such as Netscape, Internet Explorer, etc.); your operating system (such as Macintosh, Windows 95, etc.); your IP address, etc.

In addition, Direct Hedge may in the future use "cookies" on certain pages of our website for a variety of useful purposes. Cookies automatically collect information from a visitor to a website and transfer this information to the visitor's hard drive. Because cookies are stored on your hard drive, you are always free to set your browser to decline cookies and you can delete them from your computer.

How We Use the Information We Collect.
Our collection of your personally-identifiable information is the single-most important factor for us in providing you with a professional trading environment for cash-settled swaps. The information that we collect about you will be maintained in a file that we may need to review in a variety of circumstances, such as when enforcing the terms of our homepage www.DirectHedge.com. As you are aware, we are providing a service for professional traders, and we monitor the activity on our website in order to assure that there is no abuse or manipulation being perpetrated by users. This process is solely for your protection.

Disclosure of Your Information.
As a Swiss entity, we are prohibited by Swiss law from disclosing your personally-identifiable information without your express consent. As a result, we will never disclose the personally-identifiable information that you provide us on the website.

Other Collectors of Your Information.
This policy only addresses Direct Hedge's collection and use of your information, except as otherwise provided. If you disclose your information to others in connection with your use of our website, or any other website (including sites linked to our website), you are subject to the privacy policies that they apply. Direct Hedge does not have control over the privacy policies applied by any other party that you may disclose information to when linking to from our website. If you would like information on any other party¿s privacy policy, you should contact that party directly, and we encourage you to do so.

Security.
Direct Hedge utilises a three-level sign-on security structure, consisting of:-

1) Company Account ID
2) User name ID
3) User Password.

The Company Account ID is system generated together with the Master User's User ID and Password. Each Company¿s Master User assigns subsequent Usernames and Passwords. Each Company is solely responsible for management of it own Registered Details and its security outside of Direct Hedge's Online Trading Facility.

At no time will any other registered Company have any exposure, or access, to another Company's Registered Details. Companies will only have the ability to view the Counterparty list and the relevant Dun and Bradstreet information where available. Master Users use this data to deselect specific counterparties where necessary.

Security and passwords are stored in a database that is only accessible to the Direct Hedge application operator in conjunction with that particular Company¿s Master User. At no time during an on-line session is the Company Account ID, the User Name ID or User Password sent as a parameter that might be visible to another party.

Direct Hedge technical operations are managed by Direct Hedge personnel, or by authorised personnel belonging to our trusted technical partners. Direct Hedge incorporates state-of-the-art Internet technology with strictly controlled log-in protocols, independent industry-leading firewalls using the F-Secure SSH (Secure Shell) structure, including FireWall-1 from Check Point Software Tech. Ltd., together with multiple system redundancies.

Both the Direct Hedge On-line Trading Facility application and infrastructure are designed to deliver 24 x 7 x 365 operating reliability with complete security.

Reviewing and Modifying Your Information.
You can review and modify the personally-identifiable information you provide us if this information changes. The information that you may change includes: your e-mail address, your name, mailing address, and telephone number. To make any of these changes, e-mail us at Info@DirectHedge.com.

How You Can Opt Out.
Your registration on our website will constitute your consent to receive notices and other communications from Direct Hedge. In the event you no longer wish to receive notices or other communications from Direct Hedge, or if you no longer wish to be authorized to access DirectHedge.com, you may opt-out by e-mailing us at Info@DirectHedge.com.