Legal notices
Licenses, Official Records
Saks Global Agente de Valores S.A.(hereinafter “Saks Global”) is authorized by the Central Bank of Uruguay for activities related to Securities Intermediation (Institution 2391).
Saks Global offers financial investment services and ancillary activities within its license, giving access to the main financial markets through its trading platform, including forex, stocks, options, futures and CFDs, etc. For more information you can contact www.saks.global
It is reported that the days and hours of service to the public are:
In person: Monday to Friday from 11 a.m. to 4 p.m., except holidays.
By telephone: Monday to Friday from 10 a.m. to 6 p.m., except non-working holidays.
Legal warning
1.Identification of the company name
We inform you of the social data of the entity:
Company name: SAKS GLOBAL AGENTE DE VALORES S.A.
Residence: Uruguay
Telephone: +591 2626 2780
E-mail: [email protected]
Address: Luis Bonavita 1294, WTC Free Zone, tower II, of.533, CP 11300 Montevideo, Uruguay
RUT: 215230830014
Object: Securities Intermediary – Securities Agent
Supervised by the Central Bank of Uruguay
2. General information.
These general conditions regulate the use of the website services of www.saks.global, whose owner is SAKS GLOBAL AGENTE DE VALORES S.A.. The site is available free of charge to Internet users and its viewing does not require prior subscription or registration. However, the contracting of certain services or products does require the User’s registration on the Website. The use of our Website attributes the status of user and implies full and unreserved acceptance by the User of each and every one of the General Conditions in the version published by SAKS GLOBAL AGENTE DE VALORES S.A at the same time in which the User access our Web Site, as well as our privacy policy and processing of personal data. The User must carefully read the General Conditions each time they intend to use our Website. Likewise, the use of the Service is also subject to all notices, regulations of use and instructions brought to the attention of the User by SAKS GLOBAL AGENTE DE VALORES S.A provided for in these General Conditions as long as they do not contradict them.
The registered User may at any time automatically unsubscribe as a User of the website, without said decision being retroactive, by Internet, by telephone to the number +591 2626 2780 or by email to the address [email protected]
SAKS GLOBAL AGENTE DE VALORES S.A reserves the right to deny or withdraw access to its Website, at any time and without prior notice, to those Users who fail to comply with these General Conditions, as well as the Specific Conditions that may apply.
3. General Conditions
In general, the User accepts to comply with these conditions and terms of use, and to always act in accordance with the law, good customs and the requirements of good faith, using diligence appropriate to the nature of the used service , refraining from using the site www.saks.global, in any way that may prevent, damage or deteriorate the normal functioning of the same, the goods or rights of SAKS GLOBAL AGENTE DE VALORES S.A. , from the rest of the Users or in general from any third party.
In particular, and without this implying any restriction on the obligation assumed by the User in general in accordance with the previous section, in the use of www.saks.global, the User is obliged to:
– Do not introduce, store or disseminate on or from the website any information or material that is defamatory, libelous, obscene, threatening, xenophobic, incites violence or discrimination based on race, sex, ideology, religion or that of any other kind. in a manner that violates morality, public order, fundamental rights and public freedoms, honor, privacy or the image of third parties and, in general, current regulations.
– Do not introduce, store or disseminate through the website any computer program, data, virus, code, hardware or telecommunications equipment or any other electronic or physical instrument or device that is likely to cause damage to the website, in any of the the services, or in any of the equipment, systems or networks of SAKS GLOBAL AGENTE DE VALORES S.A. , of any User, or in general of any third party, or that in any other way is capable of causing any type of alteration or preventing their normal functioning.
-The User must properly safeguard the “User Name” and “Password” provided by SAKS GLOBAL AGENTE DE VALORES S.A., as identifying elements and enablers for access to the different services offered on the Website, agreeing not to assign their use or allow access to them by third parties, assuming responsibility for any damages that may arise from their improper use. The use of strong and complex passwords is recommended. Likewise, it is recommended to use alphabetic and numerical characters for the password. The User will be liable for the expenses and damages caused by the use of the Services by any third party who uses his/her password/s and username/s for this purpose due to non-diligent use or loss thereof by the User..
– Not destroy, alter, use for personal use, disable or damage the data, information, programs or electronic documents of SAKS GLOBAL AGENTE DE VALORES S.A. or third parties.
The User will not hinder the use of the SAKS GLOBAL AGENTE DE VALORES S.A. Service of another User or the use of similar services by another entity.
The User, in particular, must refrain from carrying out any act contrary to the rules that regulate the protection of personal data, the market and consumers, Intellectual Property, tax regulations, and honor, privacy and integrity, image and good name of people or entities.
The User is prohibited from deleting, evading or manipulating the “copyright” and other data identifying the rights of SAKS GLOBAL AGENTE DE VALORES S.A. or its owners incorporated into the Contents, as well as the technical protection devices and any information mechanisms that the Contents may contain.
SAKS GLOBAL AGENTE DE VALORES S.A. may, at its own discretion, terminate the service immediately, if the User’s conduct is not in accordance with the terms and conditions set forth herein.
SAKS GLOBAL AGENTE DE VALORES S.A. may, at any time and without prior notice, modify these General Conditions, as well as the Specific Conditions that, where appropriate, are included, by publishing said modifications on the website so that they can be known by users. Users.
4. Intellectual and industrial property
1. The structure, design and form of presentation of the elements [graphics, images, files, logos, color combinations and any element susceptible to protection] are protected by intellectual property rights owned by SAKS GLOBAL AGENTE DE VALORES S.A. .
The reproduction, transformation, distribution, public communication, making available to the public and, in general, any other form of exploitation, partial or total, of the elements referred to in the previous section are prohibited. These acts of exploitation may only be carried out with the express authorization of SAKS GLOBAL AGENTE DE VALORES S.A. and that, in any case, they must make explicit reference to the ownership of the mentioned intellectual property rights of SAKS GLOBAL AGENTE DE VALORES S.A. . You will only be authorized to reproduce [print or download] for private use the contents provided on the website.
2. The use of distinctive signs [brands, trade names] is not permitted, unless expressly authorized by the legitimate owners.
5. Disclaimer
SAKS GLOBAL AGENTE DE VALORES S.A. will not be responsible:
In general, regarding the inappropriate use of the website owned by SAKS GLOBAL AGENTE DE VALORES S.A. . – Users must make appropriate use of the website, in accordance with the previous terms and conditions, and SAKS GLOBAL AGENTE DE VALORES S.A. will bear no responsibility for its improper use.
Regarding possible technical deficiencies. – SAKS GLOBAL AGENTE DE VALORES S.A. will not be responsible in any case for alterations in the service that occur due to failures in the electrical network, in the data connection network, in the server or in any services.
Regarding access by third parties to your system SAKS GLOBAL AGENTE DE VALORES S.A. will adopt the necessary technical precautions in order to protect the data and information accessed, but will not be responsible for the actions of third parties who, violating the established security measures, access the aforementioned data.
This website may contain links to other third party pages whose content SAKS GLOBAL AGENTE DE VALORES S.A. can’t control. Its inclusion is for informational purposes and does not imply acceptance or guarantee by SAKS GLOBAL AGENTE DE VALORES S.A. of the contents of said web pages. Therefore, SAKS GLOBAL AGENTE DE VALORES S.A. rejects all responsibility in relation to them, as well as for any damage that may be caused for any reason to your computer system (equipment and applications), documents or files. SAKS GLOBAL AGENTE DE VALORES S.A. to the extent permitted by applicable legislation, does not guarantee the reliability, availability or continuity of the operation of this website or its content for technical, security, control or maintenance reasons of the service, due to failures related to the server that hosts it. the contents or other intermediaries or suppliers, due to attacks against the computer system, or for any other reasons arising from causes beyond its control, for which reason it is exempt from any responsibility, direct or indirect.
SAKS GLOBAL AGENTE DE VALORES S.A. is not responsible for any failures, errors or damages, direct or indirect, that may be caused to the user’s computer system or to the files or documents stored therein, which are caused or derived from the capacity or quality of the user’s computer system or of the presence of a virus or any other harmful computer application on the computer that is used to connect to the contents of the website, the quality of your connection or access to the Internet, due to a malfunction of your browser, or due to the use of computer applications whose versions are not updated or the corresponding user license has not been obtained.
SAKS GLOBAL AGENTE DE VALORES S.A. is exonerated from liability for any claim regarding the intellectual property rights of the articles and images published on its portal, as well as does not guarantee the accuracy, veracity and validity of the contents of this website, whether its own, third parties, or linkable to other websites, being totally exonerated from any responsibility derived from the use of them.
SAKS GLOBAL AGENTE DE VALORES S.A. is exonerated from any liability arising from any claim, including the payment of attorneys’ fees, for demands and claims originated by third parties due to non-compliance by the USER with our conditions of use, access and privacy policy, or any other claim for non-compliance with current legislation.
6. Legislation
In general, the relations between SAKS GLOBAL AGENTE DE VALORES S.A. with the Users of its telematic services, present on this Website, are subject to Uruguayan legislation and jurisdiction, with the parties submitting any litigation matter arising from this agreement to the Courts and Tribunals of Uruguayan residence.
If a court of competent jurisdiction finds any provision or provisions of this agreement to be contrary to law, such provision or provisions will be redrafted in such a way as to reflect as closely as possible the intentions of the parties, while the other provisions will remain in force and enforceable.
In the event that any provision of this Agreement is found to be invalid or unenforceable, the valid or applicable portion and the remaining provisions of the Agreement will remain in effect and applicable.
Risk warning
Trading in Saks Global products and services may result in both profits and losses, even if made in accordance with a Recommendation.
In particular, trading in leveraged products, such as foreign exchange rates (forex), derivatives and commodities, among others, can be highly speculative and both profits and losses can fluctuate rapidly and suddenly.
Speculative trading is not suitable for all investors.
Any mention in a Publication of risks relating to a particular product or service shall not be construed as comprehensive disclaimers or a complete description of all risks relating to such product or service, and Saks Global strongly encourages any recipient considering trading in its products and services to employ and continuously consult suitable financial advisors prior to the conclusion of any investment or transaction.
No recommendations
Saks Global does not, in any of its Publications, take into account recipients’ particular investment goals, financial situation, or specific requirements and needs. Therefore, all Saks Global Publications are provided, unless otherwise specifically provided, for informational and/or marketing purposes and shall not be construed as:
– business, financial, investment, hedging, legal, regulatory, tax or accounting advice, or
– a trading recommendation or idea, or
– any other type of incitement to act, invest or disinvest in any way.
(collectively, “Recommendations”).
Saks Global will not be responsible for losses arising from investments based on perceived Recommendations.
No Representation, No Warranty
Saks Global uses reasonable efforts to obtain information from reliable sources, but all Publications are made on the basis of information known to the recipient, and no warranty of any kind (implicit or explicit) will be made, nor will Saks Global will assume responsibility for any Publication that is not complete, correct, adequate and relevant to the recipient. In particular, Saks Global shall be exempt from liability to subscribers, clients, partners, suppliers, counterparties and any other recipients for:
-The accuracy of market quotations,
-any delay, inaccuracy, error, interruption or omission in providing market quotations,
–and discontinuance of market quotations.
Saks Global Publications are not updated after they are made, so they may no longer be accurate, and possibly erroneous, when circumstances change after a period of time that can range from several seconds or minutes to days, weeks and months, depending. of the information. Saks Global will not provide guarantee or liability to recipients for Publications that become out of date.
If a Publication becomes outdated, Saks Global will not be obligated to:
-Update the Post,
-inform recipients of the Publication, or
-perform any other action.
Any Publication may reflect the personal opinion of the author and not necessarily the opinion of Saks Global. Saks Global reserves the right to withdraw or modify Publications or Information at any time, without the need to inform you about it (prior or later).
Internet Trading Risks
There are risks associated with using an internet-based trading execution system, including failures in hardware, software, and internet connection. Since Saks Global does not control the signal, reception or routing over the Internet, the configuration of your equipment or reliability of the connection, it is not responsible for any communication failures, distortions or delays when operating by this means. Saks Global uses backup systems and contingency plans to minimize the likelihood of system failure, and makes telephone trading available.
Use of the website
Use of the Saks Global websites will be subject to its “Terms of Use”, as amended from time to time, and the “Copyright” provisions, as amended from time to time, which shall be construed as an integral part of these terms.
Saks Global will not be liable for any damages or injuries caused by any person or entity’s access to, or inability to access, the Saks Global website. This limitation includes, but is not limited to, damage to equipment and operating systems caused by viruses, malware and any other malicious software.
Consulting Saks Global website does not constitute a customer relationship, and Saks Global shall not be obligated or incur any liability to any person or entity as a result of such person or entity’s consultation of the Saks Global website.
Disclaimer
General
This website is accessible from all over the world, but the information contained therein refers to Saks Global Agente de Valores S.A. (hereinafter “Saks Global”) and is not specific to any other entity.
Any facts, statements, analyses, forecasts, opinions or other information (collectively, the “Information”) published by:
-Saks Global
-any directors, officers, employees or representatives here
whether provided on the Saks Global websites, or on third party websites, in advertising materials, information documents, individual emails and letters, conferences, one-on-one conversations or through any other oral or written communications and one-on-one conversations, are offered only for information and/or marketing purposes.
Unless specifically stated in this regard, no Saks Global publication shall be construed as an offer (or a request for an offer) to:
– buy or sell any currency, products or financial instruments,
– make any investments, or
– engage in any particular trading strategies
(collectively, “Offers”).
Notwithstanding anything to the contrary (even if specifically specified), no Saks Global Publication shall constitute an Offer in any jurisdiction in which such an Offer would be unlawful. Saks Global will not honor such offers.
No Representation, No Warranty
Saks Global uses reasonable efforts to obtain information from reliable sources, but all Publications are made on the basis of information known to the recipient, and no warranties of any kind (implicit or explicit) will be made, nor will Saks Global will assume all responsibilities for any Publications that are not complete, correct, appropriate and relevant to the recipient. In particular, Saks Global will be exempt from any liability to subscribers, customers, partners, suppliers, counterparties and any other recipients for:
– The accuracy of market quotations,
– any delays, inaccuracies, errors, interruptions or omissions in providing market quotes,
– and any interruptions of market quotations.
Saks Global’s Publications are not updated after they are released, so they may no longer be accurate and possibly erroneous when circumstances change after a period of time that may vary from several seconds or minutes to several days, weeks and months, depending on the information. Saks Global will not provide guarantees or assume responsibility with respect to any recipients for Publications that become obsolete/outdated.
In the event that a Publication becomes obsolete, Saks Global will not be obligated to:
– Update the Publication,
– inform recipients of the Publication, or
– perform any other action.
Any Publication may reflect the opinion of the author and not necessarily the opinion of Saks Global. Saks Global reserves the right to withdraw or amend any Publication or Information provided at any time without notice (prior or subsequent).
No recommendations
Saks Global does not in any of its Publications take into account any particular recipient’s investment objectives, special investment goals, financial situation, and specific needs and demands. Therefore, all Saks Global Publications are, unless otherwise specifically stated, provided for informational and/or marketing purposes and shall not be construed as:
– business, financial, investment, hedging, legal, regulatory, tax or accounting advice,
– a recommendation or trading idea, or
– any other type of encouragement to act, invest or divest in a particular manner
(collectively, “Recommendations”).
Saks Global will not be liable for any losses arising from any investment based on a perceived Recommendation.
Notwithstanding anything to the contrary (even if specifically stated), no Saks Global Publications (including possible Recommendations) shall constitute a representation or warranty (implicit or explicit) that the recipient will obtain benefits from trading in accordance with a trading strategy set forth in a Publication or that the recipient will not suffer losses from trading in accordance with a trading strategy provided for in a Publication.
Saks Global will only be liable (in accordance with the “Limitation of Liability” section) in the event that a possible Recommendation is not of a good professional standard.
Risk warning
Trading Saks Global products and services may, even if made in accordance with a Recommendation, result in losses as well as profits. In particular trading in leveraged products, such as but not limited to, foreign exchange, derivatives and commodities can be very speculative and losses and profits may fluctuate both violently and rapidly.
Speculative trading is not suitable for all investors.
Any mentioning, if any, in a Publication of the risks pertaining to a particular product or service may not and should neither be construed as a comprehensive disclosure nor full description of all risks pertaining to such product or service and Saks Global strongly encourages any recipient considering trading in its products and services to employ and continuously consult suitable financial advisors prior to the conclusion of any investment or transaction.
Local regulatory restrictions
Saks Global Publications are available to the general public. However, the information included therein is intended for exclusive use by recipients located in countries where such use does not constitute a breach of applicable legislation or regulations. None of the products or services mentioned in Saks Global Publications will be available to recipients residing in countries in which the offering of such products and services would constitute a violation of applicable official regulations.
It is the sole responsibility of any recipient employing or requesting a product or service of the Saks Global to comply with all applicable legislation or regulation.
Use of the website
Use of the Saks Global websites will be subject to the Saks Global “Terms of Use” and the “Copyright” provisions, as amended by Saks Global, both of which will be construed as an integral part of this disclaimer.
Saks Global will not be liable for any damages caused by the access of any person or entity to, or the inability to access, the Saks Global website. This limitation includes, but is not limited to, any damage to equipment and operating systems caused by viruses, malware and any other malicious software.
Consulting Saks Global website does not constitute a customer relationship and Saks Global will not be linked to or incur any liability to any person or entity as a result of such person or entity’s consulting Saks Global’s website.
Customer relationship
When requesting to open an account with any Saks Global entity, applicants will be subject to the applicable business conditions. All customers and applicants will be deemed to have read and understood the terms of business and policies applicable to them and their relationship with Saks Global.
Viewing the website or receiving a Saks Global Publication does not constitute a customer relationship, and Saks Global will not be bound by or incur any liability to any person or entity thereby.
Any market data displayed on the Trading Platform may only be used for your own internal business purposes and only in connection with this specific service. Distribution of any market data to anyone else is prohibited.
Thirdparty services
Individuals or entities that do not belong to Saks Global may advertise on the Saks Global websites through links, banners or other means. Saks Global will not be liable for any offers, information or acts of such third parties. In the event that a user of the Saks Global websites decides to act in accordance with such advertising, such user does so at his or her sole risk.
Limitation of liability
If the Saks Global at any time and for any reason, should become liable for the loss of any person and/or entity, including without limitation, if any provision of this disclaimer is, or at any time becomes to any extent or in any circumstances invalid, illegal or unenforceable for any reason, the liability of Saks Global shall be limited to such person’s and/or entity’s duly documented direct loss, which for the avoidance of doubt, and without limitation, shall not include damages for any incidental and consequential losses, damages for lost opportunity, damages for lost profit, statutory damages, nominal damages, punitive damages, restitutionary or disgorgement damages, damages for costs, including legal costs, and damages for any other indirect loss.
Privacy and use of personal data
When signing up for a demo or real account with Saks Global, Saks Global will request and store, for legal and/or commercial and administrative purposes, information about the user, including, but not limited to, name and address. Likewise, Saks Global may request certain financial information for credit assessment purposes, as well as the user’s email address to send login information. User email addresses will not be made available to third parties, but may be used by Saks Global to promote its products and services.
Users who do not wish to receive such advertising material can send an email requesting it to [email protected] or simply click the “unsubscribe” option to discontinue receiving such marketing communications.
Saks Global is required by law to treat personal data as confidential and may not transfer or use personal data without legal justification.
All personal data will be subject to full protection and will only be made available to third parties such as administrative or judicial authorities in the event that Saks Global is required to do so, in accordance with applicable law, or when the registered person has granted their consent to such disclosure. The registered person may revoke their consent or modify its conditions at any time.
Without prejudice to the aforementioned, Saks Global may disclose the following information:
– General customer data such as name, address and personal registration number, to companies that perform administrative tasks for Saks Global, including within the same financial group.
– General client data on corporate clients, to financial institutions subject to professional secrecy, in order to provide advisory and marketing services.
Privacy and Data Protection Policy
Saks Global Agente de Valores S.A (hereinafter “Saks Global”) adopts a series of measures to protect the privacy of its clients and the users of its website. Saks Global, with the firm purpose of demonstrating its commitment and respect for the simultaneous protection of the confidentiality and privacy of the information entrusted to it by both its current and potential clients, ensures the protection and use of personal data. (“personal data”) that are transmitted to you, having prepared this Privacy and Data Protection Policy for this purpose. The policies described here also apply to related companies, such as parent company, and to websites owned and operated by Saks Global.
1. Collecting and processing of personal data
i.. Personal data, for this purpose, will be considered any information, regardless of its nature or medium, relating to an identified or identifiable natural person (owner of the personal data);
ii. The personal data provided by current or future clients, the personal data collected directly or indirectly by Saks Global or those resulting from accesses, transactions or other records associated with the contract entered into between Saks Global and the Client, will be subject to processing, carried out with or without recourse to automated means, within the framework of the business relationship established with Saks Global, and may be transmitted to third parties duly authorized for such purposes;
iii. The entity responsible for the collection and processing of the data is Saks Global with which the client or user has signed their registration contract or has accepted the conditions of use, this data being subject to the regulations of said jurisdiction.
iv. Personal data will be collected when said action is consented to by the owner. The circumstance of the owner providing their personal data implies knowledge and acceptance of the conditions contained in this Privacy Policy. Due to this, the Client, by providing his/her personal data, authorizes at the same time the collection, use and making available of the same in accordance with the rules defined in the applicable collection instruments;
v. Within the framework of the Personal Data Protection Law, the owner of the personal data (the Client) is guaranteed the right to access, update, rectify or delete their personal data, through written communication addressed to Saks Global with whom it has been communicated. registered customer:
URUGUAY
Luis Bonavita 1294, WTC Free Zone, tower II, of.533 – Montevideo CP 11300 – Uruguay
vi. Likewise, within the scope of the Personal Data Protection Law, the Client has the right to object to the use of the data they have provided for marketing initiatives, to send informative communications or with a view to their inclusion in lists or information services. To exercise this right of opposition, the Client must declare that he/she is to be removed from the database for marketing initiatives, through the “Unsubscribe” option in automatic notifications. The client’s email available during the account opening process is used to communicate events related to the products and services offered to the client. Removal of this email is possible for marketing initiatives only.
vii. Saks Global processes the Client’s personal data, in accordance with the principles established in the legislation applicable to the protection of personal data, in particular in Uruguayan Law 18,331.
2. Protection of personal data
i. Saks Global will take appropriate technical and organizational measures to ensure the protection of such data against accidental or unlawful destruction, accidental loss, alteration, dissemination or unauthorized access, as well as against any other form of unlawful processing of personal data.
ii. Taking into account that personal data is collected and/or processed through an open network (Internet), the Client must be aware that there is no guarantee of inviolability of his personal data in the process of transmission of this data. It follows that there is a risk that said personal data may be consulted and/or misused by unauthorized third parties, despite all the efforts carried out by Saks Global to avoid this scenario. Saks Global will not be responsible for the data of other organizations or people referred to through links.
iii. Entities that provide or license services to Saks Global may access personal data collected or recorded by Saks Global, when and to the extent necessary to offer the Client products or services marketed by Saks Global, or when this proves to be essential for the fulfillment of contractual obligations established between Saks Global and the Client.
iv. Saks Global will not provide the personal data provided by the Client to third parties for purposes other than those already included in this Privacy Policy, except in the following situations:
– Whenever Saks Global is faced with legal notices, orders or judicial processes requesting the availability of such personal data,
– Provided that the availability of the aforementioned personal data is consistent with compliance with the legal obligations to which Saks Global is affiliated.
v. Saks Global collaborators, directors and consultants are required by law to treat “personal data” confidentially and may not use it outside of legal obligations.
3. Security of personal data
Saks Global has a set of technologies designed to protect personal data provided by its clients against illicit practices developed through unauthorized access, use or disclosure of said data. When such protection is deemed necessary, Saks Global proceeds, for example, to store said personal data in computer systems with limited access. At the same time, Saks Global ensures that stored personal information is protected by encryption due to the adoption of the SSL (Secure Socket Layer) protocol.
4. Use of cookies
Saks Global websites use cookies. The use of this type of files allows those responsible for the website to understand how it is used, facilitate navigation on the website and store the preferences of its users. Overall, cookies provide a better user experience, ensuring that the website offers its users relevant content. As mentioned in the current Cookies Policy adopted by Saks Global, most Internet browsers grant the user of the website the possibility of accepting, rejecting or deleting cookies, in particular by selecting the appropriate definitions in their browser. Although, initially, the user authorizes the use of cookies, the user may deactivate most of the cookies used at any time. However, the user is advised that by disabling the use of cookies on the Saks Global website, the user may not be able to experience all the potentialities and functionalities provided by the website. For more information, you can visit the cookies policy available in the legal area of this website.
5. Modifications to the Privacy Policy
Saks Global reserves the right to introduce readjustments or alterations to this Privacy Policy at any time. We therefore recommend that you periodically review this policy to stay informed of how Saks Global ensures the protection of the personal data provided to you. Material changes introduced will apply only to activities or data collected in the future.
Cookies policy
Saks Global Agente de Valores S.A. uses cookies to improve the experience of visitors to our websites. Our cookie policy explains what cookies are and how we use them on our websites.
What is a cookie?
Cookies are small files, made up of a string of letters and numbers, sometimes placed on your computer by web page servers. They allow the website owner to distinguish you from other users of the site. Cookies cannot be executed as code and do not contain viruses that allow us to access your hard drive. In this way, it is not possible for us to access the information on your hard drive, even if cookies are stored on it. This website uses its own and third-party cookies to offer you a better experience and service. By browsing or using our services, you accept our use of them. You can change your cookie settings at any time.
How are cookies used?
Data generated through cookies on Saks Global websites may be used for various purposes, including the following:
For strictly necessary uses: These cookies are essential in order for you to navigate the website and use its features, such as accessing secure areas of the website, remembering items on your shopping list, remembering where in the order you find yourself.
Performance: Cookies collect information about how visitors use a website, for example which pages visitors go to most often and whether they receive error messages. These cookies are used to improve a website in future versions, improve user experience, improve the functioning of the website by reducing the time it takes to load the pages you visit.
Functionality: These cookies allow the website to remember decisions you make when accessing it, such as your username or language, and provide a better user experience, ensure that the appearance of the website is consistent, ensure your security when you log in.
Targeting or advertising: These cookies are used to deliver content most relevant to you and your interests.
We do not allow third parties to advertise on our website, but we cannot control advertisers who are permitted by Internet service providers to advertise while you browse the Internet.
Types of cookies used
This Website uses both temporary session cookies and permanent cookies. Session cookies store data only while the user accesses the Web and permanent cookies store data on the terminal so that it can be accessed and used in more than one session.
Depending on the purpose for which the data obtained through cookies is processed, the Website may use:
Technical cookies
They are those that allow the user to navigate through the Web page or application and use the different options or services that exist therein. For example, control traffic and data communication, identify the session, access restricted access Web parts, remember the elements that make up an order, make a request for registration or participation in an event, use security elements during the navigation and store content for broadcasting videos or sound.
Personalization cookies
They are those that allow the user to access the service with some general characteristics predefined in their terminal or that the user themselves define. For example, the language, the type of browser through which you access the service, the selected content design, geolocation of the terminal and the regional configuration from which the service is accessed.
Advertising cookies
They are those that allow the effective management of the advertising spaces that have been included in the Web page or application from which the service is provided. They allow the advertising content to be adapted so that it is relevant to the user and to avoid showing ads that the user has already seen.
Statistical analysis cookies
They are those that allow the monitoring and analysis of user behavior on websites. The information collected through this type of cookies is used to measure the activity of the websites, application or platform and to prepare navigation profiles of the users of said sites, in order to introduce improvements in the service based on of the usage data that users make.
Third party cookies
On some Web pages, third-party cookies may be installed that allow you to manage and improve the services offered. Such as, for example, Google Analytics statistical services.
Used Cookies
| Cookie Ownership | Name | Purpose | Type | Duration |
| Saks Global | cookie-agreed | Technical cookie to control acceptance de cookies | Own | 90 days |
| Saks Global | PHPSESSID | The PHPSESSID cookie is a platform cookie and allows websites to store serialized state data. It is used to establish a user session and to pass state data through a temporary cookie, which is commonly known as a session cookie. | Own | Navigation time |
| Google Analytics | APISID | Cookie used by Google to show personalized ads on Google sites, based on recent searches and previous interactions. | Third parties | 1 day |
| Google Analytics | NID | Cookie used by Google to show personalized ads on Google sites, based on recent searches and previous interactions. | Third parties | 6 months |
| Google Analytics | SID | Cookie used by Google to show personalized ads on Google sites, based on recent searches and previous interactions. | Third parties | 6 months |
| Google Analytics | DV | Cookie used by Google to show personalized ads on Google sites, based on recent searches and previous interactions. | Third partie | 1 day |
| Google Analytics | 1P_JAR | Cookie used by Google to show personalized ads on Google sites, based on recent searches and previous interactions. | Third partie | 1 day |
| DoubleClick/ Google | IDE | It is used to identify a browser for advertising purposes and to track performance and preferences. | Third partie | 1 year |
| Google Analytics | _GAT | Google Analytics cookie used to differentiate between the different tracking objects created in the session. Google cookie | Third partie | 10 minuts |
| Google Analytics | _ga | Google Universal Analytics sets a unique ID that is used to calculate data for analytics reports | Third partie | 2 years |
| Google Analytics | _gid | It is used to distinguish users from each other. | Third partie | 1 day |
| Google Analytics | __utm* | Cookies used by Google Analytics. Cookies starting with __utm originate from Google Analytics and are used to keep track of visitor statistics. | Third partie | 2 years |
| .google.com | CONSENT | reCAPTCHA | Third partie | 20 years |
| .google.com | HSID | reCAPTCHA | Third partie | 2 years |
| .google.com | NO | reCAPTCHA | Third partie | 6 months |
| .google.com | OGPC | reCAPTCHA | Third partie | 1 month |
| .google.com | SAPISID | reCAPTCHA | Third partie | 2 years |
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| .google.com | SIDCC | reCAPTCHA | Third partie | 3 months |
| .google.com | SSID | reCAPTCHA | Third partie | 2 years |
| www.google.com | OTZ | reCAPTCHA | Third partie | 1 month |
| ZOPIM | __zlcmid | These are cookies used by the ZOPIM tool to allow live chat with customer service. | Third partie | 1 year |
| ZOPIM | __zlcstore | Stores information about the current state of the chat. | Third partie | 1 year |
| ZOPIM | zte2095 | Information about the status of the Zopim widget. | Third partie | 1 year |
| ZOPIM | __cfduid | These are cookies used by the ZOPIM tool to allow live chat with customer service. | Third partie | 1 year |
| Google Tag Manager | _dc_gtm_UA* | It is used to manage the Google Universal Analytics script. | Third partie | 1 day |
| Zoho/ Pagesense | zabUserId | This cookie sends a unique ID of visitors to generate navigation optimization reports. | Third partie | 1 year |
| Zoho/ Pagesense | zabVisitId | This cookie generates a unique ID, for each visit, to generate navigation optimization reports. | Third partie | 1 year |
| Zoho/ Pagesense | ZabSplit | This cookie acts when comparative navigation optimization analysis studies are carried out between two pages. | Third partie | 1 year |
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Third party cookies
On some Web pages, third-party cookies may be installed that allow you to manage and improve the services offered. Such as, for example, Google Analytics statistical services.
Manage cookies
The user has the option to allow, block or delete the cookies installed on their computer by configuring the options of the browser installed on their terminal.
Below we provide links where you will find information on how you can activate your preferences in the main browsers:
Google Chrome
Mozilla Firefox
Internet Explorer
Safari
Safari para IOS (iPhone, iPad)
Cookies Flash
Opera
Chrome para Android
Finally, you can go to the Your Online Choices portal where, in addition to finding useful information, you can configure, provider by provider, your preferences regarding third-party advertising cookies.
Some browsers can configure specific rules to manage cookies per website, offering finer control over privacy. This means that you can disable cookies from all sites except those you trust.
Customer Service
If you have asked a question or raised a problem with the account manager or another Saks Global employee, without receiving a satisfactory response, you may file a complaint or grievance with the Saks Global Complaints Department.
To file a complaint or claim with the Claims Handling Department, you must contact Saks Global as indicated in the claims handling regulations that can be found here.
The complaint must be sent by email to [email protected]
If the client is not satisfied with the response of the Complaints Department to their complaint or has not obtained a response to it, they can present it directly to the Superintendence of Financial Services of the Central Bank of Uruguay.
CENTRAL BANK OF URUGUAY
Diagonal Fabini 777 – Montevideo – Uruguay
CP 111000 Tel/Fax (598 2) 1967
Code of Conduct and Good Practices
Saks Global Agente de Valores S.A., Institución BCU Nº 2391 – RUT 215230830014 (hereinafter “Saks Global”) is a securities intermediary supervised by the Central Bank of Uruguay. Its mission is to preserve the integrity and reputation of the company by complying with the regulations of the Eastern Republic of Uruguay, as well as those of the markets in which it operates.
Regarding the relationship with Clients, Saks Global has adopted the following Code of Conduct and Good Practices with the objective of stipulating a framework of general principles and values, as well as standards of behavior that are expected to be met by all members of the organization, including Senior Staff
You can consult both documents on the applicable information at the following links:
Terms and Conditions
Saks Global Agente de Valores S.A., Institución BCU Nº 2391 – RUT 215230830014 (hereinafter “Saks Global”) is a securities intermediary supervised by the Central Bank of Uruguay. Its mission is to preserve the integrity and reputation of the company by complying with the regulations of the Eastern Republic of Uruguay, as well as those of the markets in which it operates.
You can consult the General Terms and Conditions of Saks Global at the following link:
FATCA Law Regulation (USA)
Saks Global Agente de Valores S.A. is registered in the US IRS portal as a “Qualified Intermediary” “Foreign Financial Institution” reporting directly to the IRS under the “Global Intermediary Identification Number (GINN): “S09Y30.99999.SL.858”. Hence Saks Global follow the requirements of the FATCA law – “Foreign Account Tax Compliance Act”, as described in the terms of the regulation.
International Tax Compliance:
We support all efforts to harmonize international tax compliance and transparency, while maintaining high standards in client security and confidentiality. Please note that it is your responsibility to determine whether or not you may be liable for any taxes/duties in the country in which you reside during the term of any account opened with us or upon its closure. If you are unsure how or whether you will be affected, you should seek appropriate independent professional advice. Please note that Saks Global Agente de Valores S.A. cannot provide you with any advice.
Agreement on the application of Foreign Account Tax Compliance by Participant Foreign Financial Institutions.
The Uruguayan Government has not yet entered into an Intergovernmental Agreement (IGA) with the United States (US) to implement FATCA (Foreign Account Tax Compliance Act). FATCA is a law introduced by the United States Department of the Treasury and Internal Revenue Service (IRS). Requires non-US financial institutions to report information on financial accounts held by Specified Persons at Non-US Financial Institutions. Although a large majority of countries report under the different US IGA Models, where the local tax authority also participates, this is not the case of Uruguay.
The lack of this agreement between the US and Uruguay caused the financial entities to enter into a direct agreement with the IRS through a “Participant Foreign Financial Institution” agreement, which is the case and reporting model that Saks Global applies, all of them. Financial Institutions in Portugal, including us, are required to identify all account holders who are specified as US Persons for tax purposes and for the secure exchange of information with the Portuguese tax authorities with respect to these US account holders. and the accounts held by them.
This Act and agreement seeks that all Financial Institutions that enter into an agreement, including Saks Global, are required to identify all account holders who are specified as US Persons for tax purposes for the secure exchange of information regarding their accounts.
Clarifications or doubts about FATCA:
1. What is FATCA?
FATCA stands for the Foreign Account Tax Compliance Act. Colloquially it refers to some provisions included in the HIRE (Hiring Incentives to Restore Employment). Law enacted on March 18, 2010. A new chapter is added to the Internal Revenue Code (Chapter 4), intended to address the abuse of the tax received by United States persons through the use of foreign accounts. The new rules require foreign financial institutions (FFI’s) to provide the Internal Revenue Service (“IRS”) with information about US persons who invest in accounts outside the US. The FATCA Final Regulations were published by the US IRS on January 17, 2013.
2. Who is affected by FATCA?
Any entity that makes a payment of income from US sources must consider whether or not it is subject to FATCA. FATCA can apply to both financial and non-financial companies. US entities, both financial and non-financial, that make payments of most types of US-source income to non-US persons will also be affected, as they may now be required to withhold a 30% tax on that income paid to a non-American. This will require the US entity to have to maintain documentation on those non-US persons, as well as keep track of how the persons are classified under FATCA.
3. Saks Global is a Foreign Financial Institution. What does it mean?
An FFI is a foreign Financial Institution, outside the United States that:
1. Accepts deposits in the ordinary course of business. (Depositary Institution)
2. Maintains, as a substantial part of its business (more than 20%) financial assets for the benefit of one or other persons (Custodial Institution)
3. meets the requirements of points A, B or C (Investment Entity)
A. Principally (more than 50%) is carried on as a business with one or more of the following activities or operations on behalf of or for a client.
The negotiation of money market instruments (checks, bills and certificates of deposit, derivatives, etc.); foreign currency; foreign exchange interest rate instruments, and index; securities; or commodity futures;
Management of collective or individual portfolios;
Management of collective or individual portfolios;
B. Has gross income primarily (more than 50%) attributable to the investment, reinvestment or trading of financial assets and the entity is managed by any of the entities described above;
C. Operates or maintains itself as a collective investment vehicle, investment fund, exchange-traded fund, private equity fund, hedge fund, venture capital fund, leveraged buyout fund, or any similar investment vehicle established with a strategy of investing, reinvesting, or trading in financial assets;
4. Is a life insurance company (or a holding company that is a member of an expanded affiliated group that includes an insurance company) that issues cash value or annuity products (Specified Insurance Companies)
Generally, non-US entities, such as banks, brokers, dealers, insurance companies, pension funds, private equity funds, and any other investment vehicle, will be considered FFIs.
4. When will FFIs have to start reporting information?
The reporting standards in relation to FFIs have been implemented gradually since 2015. To date, all accounts of American persons and a pool of American returns held by non-American residents are reported, for the latter, the owner is not identified if is that it has verified its FATCA status with the corresponding W8BEN.
5. What is a US substantial owner? /real owner?
A beneficial owner in the United States refers to any US person who owns, directly or indirectly, more than 25% of the shares of an entity (by vote or value).
6. What are US accounts?
It is any financial account held by at least one person in the United States, even if the remaining account holders are non-U.S. persons.
7. What is an American person?
The concept of ONE American person includes; US citizens, including those with dual nationality and holders of a US passport, even if they reside outside the US. A person born in the USA, unless he or she renounced American nationality. Permanent residents in the USA (Including green card holders), or with any significant presence (having been in the USA at least 183 days during the last 3 years, based on a specific calculation method); entities constituted under American law. Therefore, the concept of a US person under FATCA is much more applicable than that used under other regimes, such as that provided for in US law that prohibits foreign entities from selling securities to US persons. Under this regime, only residents of the United States will be considered US persons. Furthermore, also foreign entities that have US partners, which have, directly or indirectly, more than 25% will be treated as US accounts.
8. If a joint account is held by a US person and a non-US person, will it be considered 50% US or 100% US?
A joint account that has a U.S. owner is treated as a U.S. account and the entire account is subject to reporting as a U.S. person, regardless of whether the other account holders are non-U.S. persons.
9. If a joint account is held by a US person and a non-US person, will it be considered 50% US or 100% US? A joint account that has a U.S. owner is treated as a U.S. account and the entire account is subject to reporting as a U.S. person, regardless of whether the other account holders are non-U.S. persons.
Foreign Financial Institutions will report worldwide income and profits received by specific US persons.
10. What does this mean to you?
If our records indicate that you are an individual specified as being from the United States, we will need to provide information about you and your account to the Portuguese tax authorities. We will then pass this information to the Internal Revenue Service (IRS) in the US and we will report this information to the Portuguese Tax Administration.
Qualification
Name
Address
Account number
Birthdate
NIF (tax identification number)
Account balance
11. How can I certify my FATCA status?
To certify that you are not a U.S. person for tax purposes, you must sign a valid W8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)) form if you are an individual client.
If you are a legal entity, you must sign the W8BEN-E form where, if you are classified as a passive company according to the FATCA criteria, you must identify any final beneficiary that has a participation greater than 10%.
American persons must sign the W9 form. Note that as Saks Global is not registered to offer financial services within the United States and in compliance with the US securities law – ‘Securities Exchange Act Of 1934’, Saks Global does not accept clients tax residents in the US.
12. What are the consequences of not criticizing the FATCA status or granting an incorrect or negligent TIN (Tax Identification Number).
In the event that Saks Global cannot classify your account due to lack of information and there are indications of American residence, it may apply a withholding tax withholding backup of 30% preventively and report the account holder as recalcitrant.
Speculative trading is not suitable for all investors.
Any mention in a Publication of risks relating to a particular product or service shall not be construed as comprehensive disclaimers or a complete description of all risks relating to such product or service, and Saks Global strongly encourages recipients who consider negotiate with their products and services that continually resort to financial advisory services before choosing to make any investment or operation.
recommendations
Saks Global does not take into account recipients’ particular investment objectives, financial situation, or specific requirements and needs. Therefore, all Saks Global Publications are provided, unless otherwise specifically provided, for informational and/or marketing purposes and shall not be construed as:
commercial, financial, investment, hedging, legal, regulatory, tax or accounting advice, or
a trading recommendation or idea, or
any other type of incitement to act, invest or disinvest in any way.
(collectively, “Recommendations”).
Saks Global will not be responsible for losses arising from investments based on Recommendations received from it.
Warranty
Saks Global uses reasonable efforts to obtain information from reputable sources, but all Postings are made on the basis of information known to the recipient, and no warranties of any kind (implicit or explicit) will be made, nor will Saks Global will assume responsibility for any Posting that is not complete, correct, adequate and relevant to the recipient. In particular, Saks Global shall be exempt from liability to subscribers, customers, partners, suppliers, counterparties and any other recipients for:
The accuracy of market quotes,
any delay, inaccuracy, error, interruption or omission in providing market quotes, and
interruptions in market prices.
Saks Global Publications are not updated after they are made, so they may no longer be accurate, and possibly erroneous, when circumstances change after a period of time that can range from several seconds or minutes to days, weeks and months, depending. of the information. Saks Global will not provide warranties or liability to recipients for Postings that become out of date.
If a Publication becomes out of date, Saks Global will not be obligated to:
Update the Post,
inform recipients of the Publication, or
perform any other action.
Any Posting may reflect the personal opinion of the author and not necessarily that of Saks Global. Saks Global reserves the right to withdraw or modify Publications or Information at any time, without the need to inform you about it (prior or later).
Risks of operating on the internet
There are risks associated with using an internet-based trading execution system, including failures in hardware, software, and internet connection. Since Saks Global does not control the signal, reception or routing over the Internet, the configuration of your equipment or reliability of the connection, it is not responsible for any communication failures, distortions or delays when operating by this means. Saks Global uses backup systems and contingency plans to minimize the likelihood of system failure, and makes telephone trading available.
Use of the website
Use of the Saks Global websites will be subject to its “Terms of Use”, as amended from time to time, and the “Copyright” provisions, as amended from time to time, which shall be construed as an integral part of these terms.
Saks Global will not be liable for any damages or injuries caused by any person or entity’s access to, or inability to access, the Saks Global website. This limitation includes, but is not limited to, damage to equipment and operating systems caused by viruses, malware and any other malicious software.
Consultation of the Saks Global website does not constitute a customer relationship, and Saks Global shall not be obligated or incur any liability to any person or entity as a result of such person or entity’s consultation of the Saks Global website. .
Legal Notice: The information contained on this site, as well as the services offered by Saks Global Agente de Valores S. A., are not available to residents in the territory of the Eastern Republic of Uruguay. If you have any questions, please contact us at [email protected]
Legal notices
Licenses, Official Records
Saks Global Agente de Valores S.A.(hereinafter “Saks Global”) is authorized by the Central Bank of Uruguay for activities related to Securities Intermediation (Institution 2391).
Saks Global offers financial investment services and ancillary activities within its license, giving access to the main financial markets through its trading platform, including forex, stocks, options, futures and CFDs, etc. For more information you can contact www.hellosaksglobal.com
It is reported that the days and hours of service to the public are:
In person: Monday to Friday from 11 a.m. to 4 p.m., except holidays.
By telephone: Monday to Friday from 10 a.m. to 6 p.m., except non-working holidays.
Legal warning
1.Identification of the company name
We inform you of the social data of the entity:
Company name: SAKS GLOBAL AGENTE DE VALORES S.A.
Residence: Uruguay
Telephone: +591 2626 2780
E-mail: [email protected]
Address: Luis Bonavita 1294, WTC Free Zone, tower II, of.533, CP 11300 Montevideo, Uruguay
RUT: 215230830014
Object: Securities Intermediary – Securities Agent
Supervised by the Central Bank of Uruguay
2. General information.
These general conditions regulate the use of the website services of www.hellosaksglobal.com , whose owner is SAKS GLOBAL AGENTE DE VALORES S.A.. The site is available free of charge to Internet users and its viewing does not require prior subscription or registration. However, the contracting of certain services or products does require the User’s registration on the Website. The use of our Website attributes the status of user and implies full and unreserved acceptance by the User of each and every one of the General Conditions in the version published by SAKS GLOBAL AGENTE DE VALORES S.A at the same time in which the User access our Web Site, as well as our privacy policy and processing of personal data. The User must carefully read the General Conditions each time they intend to use our Website. Likewise, the use of the Service is also subject to all notices, regulations of use and instructions brought to the attention of the User by SAKS GLOBAL AGENTE DE VALORES S.A provided for in these General Conditions as long as they do not contradict them.
The registered User may at any time automatically unsubscribe as a User of the website, without said decision being retroactive, by Internet, by telephone to the number +591 2626 2780 or by email to the address [email protected]
SAKS GLOBAL AGENTE DE VALORES S.A reserves the right to deny or withdraw access to its Website, at any time and without prior notice, to those Users who fail to comply with these General Conditions, as well as the Specific Conditions that may apply.
3. General Conditions
In general, the User accepts to comply with these conditions and terms of use, and to always act in accordance with the law, good customs and the requirements of good faith, using diligence appropriate to the nature of the used service , refraining from using the site www.hellosaksglobal.com, in any way that may prevent, damage or deteriorate the normal functioning of the same, the goods or rights of SAKS GLOBAL AGENTE DE VALORES S.A. , from the rest of the Users or in general from any third party.
In particular, and without this implying any restriction on the obligation assumed by the User in general in accordance with the previous section, in the use of www.hellosaksglobal.com, the User is obliged to:
– Do not introduce, store or disseminate on or from the website any information or material that is defamatory, libelous, obscene, threatening, xenophobic, incites violence or discrimination based on race, sex, ideology, religion or that of any other kind. in a manner that violates morality, public order, fundamental rights and public freedoms, honor, privacy or the image of third parties and, in general, current regulations.
– Do not introduce, store or disseminate through the website any computer program, data, virus, code, hardware or telecommunications equipment or any other electronic or physical instrument or device that is likely to cause damage to the website, in any of the the services, or in any of the equipment, systems or networks of SAKS GLOBAL AGENTE DE VALORES S.A. , of any User, or in general of any third party, or that in any other way is capable of causing any type of alteration or preventing their normal functioning.
-The User must properly safeguard the “User Name” and “Password” provided by SAKS GLOBAL AGENTE DE VALORES S.A., as identifying elements and enablers for access to the different services offered on the Website, agreeing not to assign their use or allow access to them by third parties, assuming responsibility for any damages that may arise from their improper use. The use of strong and complex passwords is recommended. Likewise, it is recommended to use alphabetic and numerical characters for the password. The User will be liable for the expenses and damages caused by the use of the Services by any third party who uses his/her password/s and username/s for this purpose due to non-diligent use or loss thereof by the User..
– Not destroy, alter, use for personal use, disable or damage the data, information, programs or electronic documents of SAKS GLOBAL AGENTE DE VALORES S.A. or third parties.
The User will not hinder the use of the SAKS GLOBAL AGENTE DE VALORES S.A. Service of another User or the use of similar services by another entity.
The User, in particular, must refrain from carrying out any act contrary to the rules that regulate the protection of personal data, the market and consumers, Intellectual Property, tax regulations, and honor, privacy and integrity, image and good name of people or entities.
The User is prohibited from deleting, evading or manipulating the “copyright” and other data identifying the rights of SAKS GLOBAL AGENTE DE VALORES S.A. or its owners incorporated into the Contents, as well as the technical protection devices and any information mechanisms that the Contents may contain.
SAKS GLOBAL AGENTE DE VALORES S.A. may, at its own discretion, terminate the service immediately, if the User’s conduct is not in accordance with the terms and conditions set forth herein.
SAKS GLOBAL AGENTE DE VALORES S.A. may, at any time and without prior notice, modify these General Conditions, as well as the Specific Conditions that, where appropriate, are included, by publishing said modifications on the website so that they can be known by users. Users.
4. Intellectual and industrial property
1. The structure, design and form of presentation of the elements [graphics, images, files, logos, color combinations and any element susceptible to protection] are protected by intellectual property rights owned by SAKS GLOBAL AGENTE DE VALORES S.A. .
The reproduction, transformation, distribution, public communication, making available to the public and, in general, any other form of exploitation, partial or total, of the elements referred to in the previous section are prohibited. These acts of exploitation may only be carried out with the express authorization of SAKS GLOBAL AGENTE DE VALORES S.A. and that, in any case, they must make explicit reference to the ownership of the mentioned intellectual property rights of SAKS GLOBAL AGENTE DE VALORES S.A. . You will only be authorized to reproduce [print or download] for private use the contents provided on the website.
2. The use of distinctive signs [brands, trade names] is not permitted, unless expressly authorized by the legitimate owners.
5. Disclaimer
SAKS GLOBAL AGENTE DE VALORES S.A. will not be responsible:
In general, regarding the inappropriate use of the website owned by SAKS GLOBAL AGENTE DE VALORES S.A. . – Users must make appropriate use of the website, in accordance with the previous terms and conditions, and SAKS GLOBAL AGENTE DE VALORES S.A. will bear no responsibility for its improper use.
Regarding possible technical deficiencies. – SAKS GLOBAL AGENTE DE VALORES S.A. will not be responsible in any case for alterations in the service that occur due to failures in the electrical network, in the data connection network, in the server or in any services.
Regarding access by third parties to your system SAKS GLOBAL AGENTE DE VALORES S.A. will adopt the necessary technical precautions in order to protect the data and information accessed, but will not be responsible for the actions of third parties who, violating the established security measures, access the aforementioned data.
This website may contain links to other third party pages whose content SAKS GLOBAL AGENTE DE VALORES S.A. can’t control. Its inclusion is for informational purposes and does not imply acceptance or guarantee by SAKS GLOBAL AGENTE DE VALORES S.A. of the contents of said web pages. Therefore, SAKS GLOBAL AGENTE DE VALORES S.A. rejects all responsibility in relation to them, as well as for any damage that may be caused for any reason to your computer system (equipment and applications), documents or files. SAKS GLOBAL AGENTE DE VALORES S.A. to the extent permitted by applicable legislation, does not guarantee the reliability, availability or continuity of the operation of this website or its content for technical, security, control or maintenance reasons of the service, due to failures related to the server that hosts it. the contents or other intermediaries or suppliers, due to attacks against the computer system, or for any other reasons arising from causes beyond its control, for which reason it is exempt from any responsibility, direct or indirect.
SAKS GLOBAL AGENTE DE VALORES S.A. is not responsible for any failures, errors or damages, direct or indirect, that may be caused to the user’s computer system or to the files or documents stored therein, which are caused or derived from the capacity or quality of the user’s computer system or of the presence of a virus or any other harmful computer application on the computer that is used to connect to the contents of the website, the quality of your connection or access to the Internet, due to a malfunction of your browser, or due to the use of computer applications whose versions are not updated or the corresponding user license has not been obtained.
SAKS GLOBAL AGENTE DE VALORES S.A. is exonerated from liability for any claim regarding the intellectual property rights of the articles and images published on its portal, as well as does not guarantee the accuracy, veracity and validity of the contents of this website, whether its own, third parties, or linkable to other websites, being totally exonerated from any responsibility derived from the use of them.
SAKS GLOBAL AGENTE DE VALORES S.A. is exonerated from any liability arising from any claim, including the payment of attorneys’ fees, for demands and claims originated by third parties due to non-compliance by the USER with our conditions of use, access and privacy policy, or any other claim for non-compliance with current legislation.
6. Legislation
In general, the relations between SAKS GLOBAL AGENTE DE VALORES S.A. with the Users of its telematic services, present on this Website, are subject to Uruguayan legislation and jurisdiction, with the parties submitting any litigation matter arising from this agreement to the Courts and Tribunals of Uruguayan residence.
If a court of competent jurisdiction finds any provision or provisions of this agreement to be contrary to law, such provision or provisions will be redrafted in such a way as to reflect as closely as possible the intentions of the parties, while the other provisions will remain in force and enforceable.
In the event that any provision of this Agreement is found to be invalid or unenforceable, the valid or applicable portion and the remaining provisions of the Agreement will remain in effect and applicable.
Risk warning
Trading in Saks Global products and services may result in both profits and losses, even if made in accordance with a Recommendation.
In particular, trading in leveraged products, such as foreign exchange rates (forex), derivatives and commodities, among others, can be highly speculative and both profits and losses can fluctuate rapidly and suddenly.
Speculative trading is not suitable for all investors.
Any mention in a Publication of risks relating to a particular product or service shall not be construed as comprehensive disclaimers or a complete description of all risks relating to such product or service, and Saks Global strongly encourages any recipient considering trading in its products and services to employ and continuously consult suitable financial advisors prior to the conclusion of any investment or transaction.
No recommendations
Saks Global does not, in any of its Publications, take into account recipients’ particular investment goals, financial situation, or specific requirements and needs. Therefore, all Saks Global Publications are provided, unless otherwise specifically provided, for informational and/or marketing purposes and shall not be construed as:
– business, financial, investment, hedging, legal, regulatory, tax or accounting advice, or
– a trading recommendation or idea, or
– any other type of incitement to act, invest or disinvest in any way.
(collectively, “Recommendations”).
Saks Global will not be responsible for losses arising from investments based on perceived Recommendations.
No Representation, No Warranty
Saks Global uses reasonable efforts to obtain information from reliable sources, but all Publications are made on the basis of information known to the recipient, and no warranty of any kind (implicit or explicit) will be made, nor will Saks Global will assume responsibility for any Publication that is not complete, correct, adequate and relevant to the recipient. In particular, Saks Global shall be exempt from liability to subscribers, clients, partners, suppliers, counterparties and any other recipients for:
-The accuracy of market quotations,
-any delay, inaccuracy, error, interruption or omission in providing market quotations,
–and discontinuance of market quotations.
Saks Global Publications are not updated after they are made, so they may no longer be accurate, and possibly erroneous, when circumstances change after a period of time that can range from several seconds or minutes to days, weeks and months, depending. of the information. Saks Global will not provide guarantee or liability to recipients for Publications that become out of date.
If a Publication becomes outdated, Saks Global will not be obligated to:
-Update the Post,
-inform recipients of the Publication, or
-perform any other action.
Any Publication may reflect the personal opinion of the author and not necessarily the opinion of Saks Global. Saks Global reserves the right to withdraw or modify Publications or Information at any time, without the need to inform you about it (prior or later).
Internet Trading Risks
There are risks associated with using an internet-based trading execution system, including failures in hardware, software, and internet connection. Since Saks Global does not control the signal, reception or routing over the Internet, the configuration of your equipment or reliability of the connection, it is not responsible for any communication failures, distortions or delays when operating by this means. Saks Global uses backup systems and contingency plans to minimize the likelihood of system failure, and makes telephone trading available.
Use of the website
Use of the Saks Global websites will be subject to its “Terms of Use”, as amended from time to time, and the “Copyright” provisions, as amended from time to time, which shall be construed as an integral part of these terms.
Saks Global will not be liable for any damages or injuries caused by any person or entity’s access to, or inability to access, the Saks Global website. This limitation includes, but is not limited to, damage to equipment and operating systems caused by viruses, malware and any other malicious software.
Consulting Saks Global website does not constitute a customer relationship, and Saks Global shall not be obligated or incur any liability to any person or entity as a result of such person or entity’s consultation of the Saks Global website.
Disclaimer
General
This website is accessible from all over the world, but the information contained therein refers to Saks Global Agente de Valores S.A. (hereinafter “Saks Global”) and is not specific to any other entity.
Any facts, statements, analyses, forecasts, opinions or other information (collectively, the “Information”) published by:
-Saks Global
-any directors, officers, employees or representatives here
whether provided on the Saks Global websites, or on third party websites, in advertising materials, information documents, individual emails and letters, conferences, one-on-one conversations or through any other oral or written communications and one-on-one conversations, are offered only for information and/or marketing purposes.
Unless specifically stated in this regard, no Saks Global publication shall be construed as an offer (or a request for an offer) to:
– buy or sell any currency, products or financial instruments,
– make any investments, or
– engage in any particular trading strategies
(collectively, “Offers”).
Notwithstanding anything to the contrary (even if specifically specified), no Saks Global Publication shall constitute an Offer in any jurisdiction in which such an Offer would be unlawful. Saks Global will not honor such offers.
No Representation, No Warranty
Saks Global uses reasonable efforts to obtain information from reliable sources, but all Publications are made on the basis of information known to the recipient, and no warranties of any kind (implicit or explicit) will be made, nor will Saks Global will assume all responsibilities for any Publications that are not complete, correct, appropriate and relevant to the recipient. In particular, Saks Global will be exempt from any liability to subscribers, customers, partners, suppliers, counterparties and any other recipients for:
– The accuracy of market quotations,
– any delays, inaccuracies, errors, interruptions or omissions in providing market quotes,
– and any interruptions of market quotations.
Saks Global’s Publications are not updated after they are released, so they may no longer be accurate and possibly erroneous when circumstances change after a period of time that may vary from several seconds or minutes to several days, weeks and months, depending on the information. Saks Global will not provide guarantees or assume responsibility with respect to any recipients for Publications that become obsolete/outdated.
In the event that a Publication becomes obsolete, Saks Global will not be obligated to:
– Update the Publication,
– inform recipients of the Publication, or
– perform any other action.
Any Publication may reflect the opinion of the author and not necessarily the opinion of Saks Global. Saks Global reserves the right to withdraw or amend any Publication or Information provided at any time without notice (prior or subsequent).
No recommendations
Saks Global does not in any of its Publications take into account any particular recipient’s investment objectives, special investment goals, financial situation, and specific needs and demands. Therefore, all Saks Global Publications are, unless otherwise specifically stated, provided for informational and/or marketing purposes and shall not be construed as:
– business, financial, investment, hedging, legal, regulatory, tax or accounting advice,
– a recommendation or trading idea, or
– any other type of encouragement to act, invest or divest in a particular manner
(collectively, “Recommendations”).
Saks Global will not be liable for any losses arising from any investment based on a perceived Recommendation.
Notwithstanding anything to the contrary (even if specifically stated), no Saks Global Publications (including possible Recommendations) shall constitute a representation or warranty (implicit or explicit) that the recipient will obtain benefits from trading in accordance with a trading strategy set forth in a Publication or that the recipient will not suffer losses from trading in accordance with a trading strategy provided for in a Publication.
Saks Global will only be liable (in accordance with the “Limitation of Liability” section) in the event that a possible Recommendation is not of a good professional standard.
Risk warning
Trading Saks Global products and services may, even if made in accordance with a Recommendation, result in losses as well as profits. In particular trading in leveraged products, such as but not limited to, foreign exchange, derivatives and commodities can be very speculative and losses and profits may fluctuate both violently and rapidly.
Speculative trading is not suitable for all investors.
Any mentioning, if any, in a Publication of the risks pertaining to a particular product or service may not and should neither be construed as a comprehensive disclosure nor full description of all risks pertaining to such product or service and Saks Global strongly encourages any recipient considering trading in its products and services to employ and continuously consult suitable financial advisors prior to the conclusion of any investment or transaction.
Local regulatory restrictions
Saks Global Publications are available to the general public. However, the information included therein is intended for exclusive use by recipients located in countries where such use does not constitute a breach of applicable legislation or regulations. None of the products or services mentioned in Saks Global Publications will be available to recipients residing in countries in which the offering of such products and services would constitute a violation of applicable official regulations.
It is the sole responsibility of any recipient employing or requesting a product or service of the Saks Global to comply with all applicable legislation or regulation.
Use of the website
Use of the Saks Global websites will be subject to the Saks Global “Terms of Use” and the “Copyright” provisions, as amended by Saks Global, both of which will be construed as an integral part of this disclaimer.
Saks Global will not be liable for any damages caused by the access of any person or entity to, or the inability to access, the Saks Global website. This limitation includes, but is not limited to, any damage to equipment and operating systems caused by viruses, malware and any other malicious software.
Consulting Saks Global website does not constitute a customer relationship and Saks Global will not be linked to or incur any liability to any person or entity as a result of such person or entity’s consulting Saks Global’s website.
Customer relationship
When requesting to open an account with any Saks Global entity, applicants will be subject to the applicable business conditions. All customers and applicants will be deemed to have read and understood the terms of business and policies applicable to them and their relationship with Saks Global.
Viewing the website or receiving a Saks Global Publication does not constitute a customer relationship, and Saks Global will not be bound by or incur any liability to any person or entity thereby.
Any market data displayed on the Trading Platform may only be used for your own internal business purposes and only in connection with this specific service. Distribution of any market data to anyone else is prohibited.
Thirdparty services
Individuals or entities that do not belong to Saks Global may advertise on the Saks Global websites through links, banners or other means. Saks Global will not be liable for any offers, information or acts of such third parties. In the event that a user of the Saks Global websites decides to act in accordance with such advertising, such user does so at his or her sole risk.
Limitation of liability
If the Saks Global at any time and for any reason, should become liable for the loss of any person and/or entity, including without limitation, if any provision of this disclaimer is, or at any time becomes to any extent or in any circumstances invalid, illegal or unenforceable for any reason, the liability of Saks Global shall be limited to such person’s and/or entity’s duly documented direct loss, which for the avoidance of doubt, and without limitation, shall not include damages for any incidental and consequential losses, damages for lost opportunity, damages for lost profit, statutory damages, nominal damages, punitive damages, restitutionary or disgorgement damages, damages for costs, including legal costs, and damages for any other indirect loss.
Privacy and use of personal data
When signing up for a demo or real account with Saks Global, Saks Global will request and store, for legal and/or commercial and administrative purposes, information about the user, including, but not limited to, name and address. Likewise, Saks Global may request certain financial information for credit assessment purposes, as well as the user’s email address to send login information. User email addresses will not be made available to third parties, but may be used by Saks Global to promote its products and services.
Users who do not wish to receive such advertising material can send an email requesting it to [email protected] or simply click the “unsubscribe” option to discontinue receiving such marketing communications.
Saks Global is required by law to treat personal data as confidential and may not transfer or use personal data without legal justification.
All personal data will be subject to full protection and will only be made available to third parties such as administrative or judicial authorities in the event that Saks Global is required to do so, in accordance with applicable law, or when the registered person has granted their consent to such disclosure. The registered person may revoke their consent or modify its conditions at any time.
Without prejudice to the aforementioned, Saks Global may disclose the following information:
– General customer data such as name, address and personal registration number, to companies that perform administrative tasks for Saks Global, including within the same financial group.
– General client data on corporate clients, to financial institutions subject to professional secrecy, in order to provide advisory and marketing services.
Privacy and Data Protection Policy
Saks Global Agente de Valores S.A (hereinafter “Saks Global”) adopts a series of measures to protect the privacy of its clients and the users of its website. Saks Global, with the firm purpose of demonstrating its commitment and respect for the simultaneous protection of the confidentiality and privacy of the information entrusted to it by both its current and potential clients, ensures the protection and use of personal data. (“personal data”) that are transmitted to you, having prepared this Privacy and Data Protection Policy for this purpose. The policies described here also apply to related companies, such as parent company, and to websites owned and operated by Saks Global.
1. Collecting and processing of personal data
i.. Personal data, for this purpose, will be considered any information, regardless of its nature or medium, relating to an identified or identifiable natural person (owner of the personal data);
ii. The personal data provided by current or future clients, the personal data collected directly or indirectly by Saks Global or those resulting from accesses, transactions or other records associated with the contract entered into between Saks Global and the Client, will be subject to processing, carried out with or without recourse to automated means, within the framework of the business relationship established with Saks Global, and may be transmitted to third parties duly authorized for such purposes;
iii. The entity responsible for the collection and processing of the data is Saks Global with which the client or user has signed their registration contract or has accepted the conditions of use, this data being subject to the regulations of said jurisdiction.
iv. Personal data will be collected when said action is consented to by the owner. The circumstance of the owner providing their personal data implies knowledge and acceptance of the conditions contained in this Privacy Policy. Due to this, the Client, by providing his/her personal data, authorizes at the same time the collection, use and making available of the same in accordance with the rules defined in the applicable collection instruments;
v. Within the framework of the Personal Data Protection Law, the owner of the personal data (the Client) is guaranteed the right to access, update, rectify or delete their personal data, through written communication addressed to Saks Global with whom it has been communicated. registered customer:
URUGUAY
Luis Bonavita 1294, WTC Free Zone, tower II, of.533 – Montevideo CP 11300 – Uruguay
vi. Likewise, within the scope of the Personal Data Protection Law, the Client has the right to object to the use of the data they have provided for marketing initiatives, to send informative communications or with a view to their inclusion in lists or information services. To exercise this right of opposition, the Client must declare that he/she is to be removed from the database for marketing initiatives, through the “Unsubscribe” option in automatic notifications. The client’s email available during the account opening process is used to communicate events related to the products and services offered to the client. Removal of this email is possible for marketing initiatives only.
vii. Saks Global processes the Client’s personal data, in accordance with the principles established in the legislation applicable to the protection of personal data, in particular in Uruguayan Law 18,331.
2. Protection of personal data
i. Saks Global will take appropriate technical and organizational measures to ensure the protection of such data against accidental or unlawful destruction, accidental loss, alteration, dissemination or unauthorized access, as well as against any other form of unlawful processing of personal data.
ii. Taking into account that personal data is collected and/or processed through an open network (Internet), the Client must be aware that there is no guarantee of inviolability of his personal data in the process of transmission of this data. It follows that there is a risk that said personal data may be consulted and/or misused by unauthorized third parties, despite all the efforts carried out by Saks Global to avoid this scenario. Saks Global will not be responsible for the data of other organizations or people referred to through links.
iii. Entities that provide or license services to Saks Global may access personal data collected or recorded by Saks Global, when and to the extent necessary to offer the Client products or services marketed by Saks Global, or when this proves to be essential for the fulfillment of contractual obligations established between Saks Global and the Client.
iv. Saks Global will not provide the personal data provided by the Client to third parties for purposes other than those already included in this Privacy Policy, except in the following situations:
– Whenever Saks Global is faced with legal notices, orders or judicial processes requesting the availability of such personal data,
– Provided that the availability of the aforementioned personal data is consistent with compliance with the legal obligations to which Saks Global is affiliated.
v. Saks Global collaborators, directors and consultants are required by law to treat “personal data” confidentially and may not use it outside of legal obligations.
3. Security of personal data
Saks Global has a set of technologies designed to protect personal data provided by its clients against illicit practices developed through unauthorized access, use or disclosure of said data. When such protection is deemed necessary, Saks Global proceeds, for example, to store said personal data in computer systems with limited access. At the same time, Saks Global ensures that stored personal information is protected by encryption due to the adoption of the SSL (Secure Socket Layer) protocol.
4. Use of cookies
Saks Global websites use cookies. The use of this type of files allows those responsible for the website to understand how it is used, facilitate navigation on the website and store the preferences of its users. Overall, cookies provide a better user experience, ensuring that the website offers its users relevant content. As mentioned in the current Cookies Policy adopted by Saks Global, most Internet browsers grant the user of the website the possibility of accepting, rejecting or deleting cookies, in particular by selecting the appropriate definitions in their browser. Although, initially, the user authorizes the use of cookies, the user may deactivate most of the cookies used at any time. However, the user is advised that by disabling the use of cookies on the Saks Global website, the user may not be able to experience all the potentialities and functionalities provided by the website. For more information, you can visit the cookies policy available in the legal area of this website.
5. Modifications to the Privacy Policy
Saks Global reserves the right to introduce readjustments or alterations to this Privacy Policy at any time. We therefore recommend that you periodically review this policy to stay informed of how Saks Global ensures the protection of the personal data provided to you. Material changes introduced will apply only to activities or data collected in the future.
Cookies policy
Saks Global Agente de Valores S.A. uses cookies to improve the experience of visitors to our websites. Our cookie policy explains what cookies are and how we use them on our websites.
What is a cookie?
Cookies are small files, made up of a string of letters and numbers, sometimes placed on your computer by web page servers. They allow the website owner to distinguish you from other users of the site. Cookies cannot be executed as code and do not contain viruses that allow us to access your hard drive. In this way, it is not possible for us to access the information on your hard drive, even if cookies are stored on it. This website uses its own and third-party cookies to offer you a better experience and service. By browsing or using our services, you accept our use of them. You can change your cookie settings at any time.
How are cookies used?
Data generated through cookies on Saks Global websites may be used for various purposes, including the following:
For strictly necessary uses: These cookies are essential in order for you to navigate the website and use its features, such as accessing secure areas of the website, remembering items on your shopping list, remembering where in the order you find yourself.
Performance: Cookies collect information about how visitors use a website, for example which pages visitors go to most often and whether they receive error messages. These cookies are used to improve a website in future versions, improve user experience, improve the functioning of the website by reducing the time it takes to load the pages you visit.
Functionality: These cookies allow the website to remember decisions you make when accessing it, such as your username or language, and provide a better user experience, ensure that the appearance of the website is consistent, ensure your security when you log in.
Targeting or advertising: These cookies are used to deliver content most relevant to you and your interests.
We do not allow third parties to advertise on our website, but we cannot control advertisers who are permitted by Internet service providers to advertise while you browse the Internet.
Types of cookies used
This Website uses both temporary session cookies and permanent cookies. Session cookies store data only while the user accesses the Web and permanent cookies store data on the terminal so that it can be accessed and used in more than one session.
Depending on the purpose for which the data obtained through cookies is processed, the Website may use:
Technical cookies
They are those that allow the user to navigate through the Web page or application and use the different options or services that exist therein. For example, control traffic and data communication, identify the session, access restricted access Web parts, remember the elements that make up an order, make a request for registration or participation in an event, use security elements during the navigation and store content for broadcasting videos or sound.
Personalization cookies
They are those that allow the user to access the service with some general characteristics predefined in their terminal or that the user themselves define. For example, the language, the type of browser through which you access the service, the selected content design, geolocation of the terminal and the regional configuration from which the service is accessed.
Advertising cookies
They are those that allow the effective management of the advertising spaces that have been included in the Web page or application from which the service is provided. They allow the advertising content to be adapted so that it is relevant to the user and to avoid showing ads that the user has already seen.
Statistical analysis cookies
They are those that allow the monitoring and analysis of user behavior on websites. The information collected through this type of cookies is used to measure the activity of the websites, application or platform and to prepare navigation profiles of the users of said sites, in order to introduce improvements in the service based on of the usage data that users make.
Third party cookies
On some Web pages, third-party cookies may be installed that allow you to manage and improve the services offered. Such as, for example, Google Analytics statistical services.
Used Cookies
| Cookie Ownership | Name | Purpose | Type | Duration |
| Saks Global | cookie-agreed | Technical cookie to control acceptance de cookies | Own | 90 days |
| Saks Global | PHPSESSID | The PHPSESSID cookie is a platform cookie and allows websites to store serialized state data. It is used to establish a user session and to pass state data through a temporary cookie, which is commonly known as a session cookie. | Own | Navigation time |
| Google Analytics | APISID | Cookie used by Google to show personalized ads on Google sites, based on recent searches and previous interactions. | Third parties | 1 day |
| Google Analytics | NID | Cookie used by Google to show personalized ads on Google sites, based on recent searches and previous interactions. | Third parties | 6 months |
| Google Analytics | SID | Cookie used by Google to show personalized ads on Google sites, based on recent searches and previous interactions. | Third parties | 6 months |
| Google Analytics | DV | Cookie used by Google to show personalized ads on Google sites, based on recent searches and previous interactions. | Third partie | 1 day |
| Google Analytics | 1P_JAR | Cookie used by Google to show personalized ads on Google sites, based on recent searches and previous interactions. | Third partie | 1 day |
| DoubleClick/ Google | IDE | It is used to identify a browser for advertising purposes and to track performance and preferences. | Third partie | 1 year |
| Google Analytics | _GAT | Google Analytics cookie used to differentiate between the different tracking objects created in the session. Google cookie | Third partie | 10 minuts |
| Google Analytics | _ga | Google Universal Analytics sets a unique ID that is used to calculate data for analytics reports | Third partie | 2 years |
| Google Analytics | _gid | It is used to distinguish users from each other. | Third partie | 1 day |
| Google Analytics | __utm* | Cookies used by Google Analytics. Cookies starting with __utm originate from Google Analytics and are used to keep track of visitor statistics. | Third partie | 2 years |
| .google.com | CONSENT | reCAPTCHA | Third partie | 20 years |
| .google.com | HSID | reCAPTCHA | Third partie | 2 years |
| .google.com | NO | reCAPTCHA | Third partie | 6 months |
| .google.com | OGPC | reCAPTCHA | Third partie | 1 month |
| .google.com | SAPISID | reCAPTCHA | Third partie | 2 years |
| .google.com | SID | reCAPTCHA | Third partie | 2 years |
| .google.com | SIDCC | reCAPTCHA | Third partie | 3 months |
| .google.com | SSID | reCAPTCHA | Third partie | 2 years |
| www.google.com | OTZ | reCAPTCHA | Third partie | 1 month |
| ZOPIM | __zlcmid | These are cookies used by the ZOPIM tool to allow live chat with customer service. | Third partie | 1 year |
| ZOPIM | __zlcstore | Stores information about the current state of the chat. | Third partie | 1 year |
| ZOPIM | zte2095 | Information about the status of the Zopim widget. | Third partie | 1 year |
| ZOPIM | __cfduid | These are cookies used by the ZOPIM tool to allow live chat with customer service. | Third partie | 1 year |
| Google Tag Manager | _dc_gtm_UA* | It is used to manage the Google Universal Analytics script. | Third partie | 1 day |
| Zoho/ Pagesense | zabUserId | This cookie sends a unique ID of visitors to generate navigation optimization reports. | Third partie | 1 year |
| Zoho/ Pagesense | zabVisitId | This cookie generates a unique ID, for each visit, to generate navigation optimization reports. | Third partie | 1 year |
| Zoho/ Pagesense | ZabSplit | This cookie acts when comparative navigation optimization analysis studies are carried out between two pages. | Third partie | 1 year |
| Zoho/ Pagesense | zabBucket | This cookie sends a key necessary for analysis related to navigation optimization. | Third partie | 1 year |
| Zoho/ Pagesense | zabHMBucket | This cookie sends a key necessary for analysis related to navigation optimization (heatmap). | Third partie | 1 year |
| Zoho/ Pagesense | achievedGoals | This cookie is used to differentiate between different tracking objects created on the first or subsequent visits. | Third partie | 1 year |
Third party cookies
On some Web pages, third-party cookies may be installed that allow you to manage and improve the services offered. Such as, for example, Google Analytics statistical services.
Manage cookies
The user has the option to allow, block or delete the cookies installed on their computer by configuring the options of the browser installed on their terminal.
Below we provide links where you will find information on how you can activate your preferences in the main browsers:
Google Chrome
Mozilla Firefox
Internet Explorer
Safari
Safari para IOS (iPhone, iPad)
Cookies Flash
Opera
Chrome para Android
Finally, you can go to the Your Online Choices portal where, in addition to finding useful information, you can configure, provider by provider, your preferences regarding third-party advertising cookies.
Some browsers can configure specific rules to manage cookies per website, offering finer control over privacy. This means that you can disable cookies from all sites except those you trust.
Customer Service
If you have asked a question or raised a problem with the account manager or another Saks Global employee, without receiving a satisfactory response, you may file a complaint or grievance with the Saks Global Complaints Department.
To file a complaint or claim with the Claims Handling Department, you must contact Saks Global as indicated in the claims handling regulations that can be found here.
The complaint must be sent by email to [email protected]
If the client is not satisfied with the response of the Complaints Department to their complaint or has not obtained a response to it, they can present it directly to the Superintendence of Financial Services of the Central Bank of Uruguay.
CENTRAL BANK OF URUGUAY
Diagonal Fabini 777 – Montevideo – Uruguay
CP 111000 Tel/Fax (598 2) 1967
Code of Conduct and Good Practices
Saks Global Agente de Valores S.A., Institución BCU Nº 2391 – RUT 215230830014 (hereinafter “Saks Global”) is a securities intermediary supervised by the Central Bank of Uruguay. Its mission is to preserve the integrity and reputation of the company by complying with the regulations of the Eastern Republic of Uruguay, as well as those of the markets in which it operates.
Regarding the relationship with Clients, Saks Global has adopted the following Code of Conduct and Good Practices with the objective of stipulating a framework of general principles and values, as well as standards of behavior that are expected to be met by all members of the organization, including Senior Staff
You can consult both documents on the applicable information at the following links:
Terms and Conditions
Saks Global Agente de Valores S.A., Institución BCU Nº 2391 – RUT 215230830014 (hereinafter “Saks Global”) is a securities intermediary supervised by the Central Bank of Uruguay. Its mission is to preserve the integrity and reputation of the company by complying with the regulations of the Eastern Republic of Uruguay, as well as those of the markets in which it operates.
You can consult the General Terms and Conditions of Saks Global at the following link:
FATCA Law Regulation (USA)
Saks Global Agente de Valores S.A. is registered in the US IRS portal as a “Qualified Intermediary” “Foreign Financial Institution” reporting directly to the IRS under the “Global Intermediary Identification Number (GINN): “S09Y30.99999.SL.858”. Hence Saks Global follow the requirements of the FATCA law – “Foreign Account Tax Compliance Act”, as described in the terms of the regulation.
International Tax Compliance:
We support all efforts to harmonize international tax compliance and transparency, while maintaining high standards in client security and confidentiality. Please note that it is your responsibility to determine whether or not you may be liable for any taxes/duties in the country in which you reside during the term of any account opened with us or upon its closure. If you are unsure how or whether you will be affected, you should seek appropriate independent professional advice. Please note that Saks Global Agente de Valores S.A. cannot provide you with any advice.
Agreement on the application of Foreign Account Tax Compliance by Participant Foreign Financial Institutions.
The Uruguayan Government has not yet entered into an Intergovernmental Agreement (IGA) with the United States (US) to implement FATCA (Foreign Account Tax Compliance Act). FATCA is a law introduced by the United States Department of the Treasury and Internal Revenue Service (IRS). Requires non-US financial institutions to report information on financial accounts held by Specified Persons at Non-US Financial Institutions. Although a large majority of countries report under the different US IGA Models, where the local tax authority also participates, this is not the case of Uruguay.
The lack of this agreement between the US and Uruguay caused the financial entities to enter into a direct agreement with the IRS through a “Participant Foreign Financial Institution” agreement, which is the case and reporting model that Saks Global applies, all of them. Financial Institutions in Portugal, including us, are required to identify all account holders who are specified as US Persons for tax purposes and for the secure exchange of information with the Portuguese tax authorities with respect to these US account holders. and the accounts held by them.
This Act and agreement seeks that all Financial Institutions that enter into an agreement, including Saks Global, are required to identify all account holders who are specified as US Persons for tax purposes for the secure exchange of information regarding their accounts.
Clarifications or doubts about FATCA:
1. What is FATCA?
FATCA stands for the Foreign Account Tax Compliance Act. Colloquially it refers to some provisions included in the HIRE (Hiring Incentives to Restore Employment). Law enacted on March 18, 2010. A new chapter is added to the Internal Revenue Code (Chapter 4), intended to address the abuse of the tax received by United States persons through the use of foreign accounts. The new rules require foreign financial institutions (FFI’s) to provide the Internal Revenue Service (“IRS”) with information about US persons who invest in accounts outside the US. The FATCA Final Regulations were published by the US IRS on January 17, 2013.
2. Who is affected by FATCA?
Any entity that makes a payment of income from US sources must consider whether or not it is subject to FATCA. FATCA can apply to both financial and non-financial companies. US entities, both financial and non-financial, that make payments of most types of US-source income to non-US persons will also be affected, as they may now be required to withhold a 30% tax on that income paid to a non-American. This will require the US entity to have to maintain documentation on those non-US persons, as well as keep track of how the persons are classified under FATCA.
3. Saks Global is a Foreign Financial Institution. What does it mean?
An FFI is a foreign Financial Institution, outside the United States that:
1. Accepts deposits in the ordinary course of business. (Depositary Institution)
2. Maintains, as a substantial part of its business (more than 20%) financial assets for the benefit of one or other persons (Custodial Institution)
3. meets the requirements of points A, B or C (Investment Entity)
A. Principally (more than 50%) is carried on as a business with one or more of the following activities or operations on behalf of or for a client.
The negotiation of money market instruments (checks, bills and certificates of deposit, derivatives, etc.); foreign currency; foreign exchange interest rate instruments, and index; securities; or commodity futures;
Management of collective or individual portfolios;
Management of collective or individual portfolios;
B. Has gross income primarily (more than 50%) attributable to the investment, reinvestment or trading of financial assets and the entity is managed by any of the entities described above;
C. Operates or maintains itself as a collective investment vehicle, investment fund, exchange-traded fund, private equity fund, hedge fund, venture capital fund, leveraged buyout fund, or any similar investment vehicle established with a strategy of investing, reinvesting, or trading in financial assets;
4. Is a life insurance company (or a holding company that is a member of an expanded affiliated group that includes an insurance company) that issues cash value or annuity products (Specified Insurance Companies)
Generally, non-US entities, such as banks, brokers, dealers, insurance companies, pension funds, private equity funds, and any other investment vehicle, will be considered FFIs.
4. When will FFIs have to start reporting information?
The reporting standards in relation to FFIs have been implemented gradually since 2015. To date, all accounts of American persons and a pool of American returns held by non-American residents are reported, for the latter, the owner is not identified if is that it has verified its FATCA status with the corresponding W8BEN.
5. What is a US substantial owner? /real owner?
A beneficial owner in the United States refers to any US person who owns, directly or indirectly, more than 25% of the shares of an entity (by vote or value).
6. What are US accounts?
It is any financial account held by at least one person in the United States, even if the remaining account holders are non-U.S. persons.
7. What is an American person?
The concept of ONE American person includes; US citizens, including those with dual nationality and holders of a US passport, even if they reside outside the US. A person born in the USA, unless he or she renounced American nationality. Permanent residents in the USA (Including green card holders), or with any significant presence (having been in the USA at least 183 days during the last 3 years, based on a specific calculation method); entities constituted under American law. Therefore, the concept of a US person under FATCA is much more applicable than that used under other regimes, such as that provided for in US law that prohibits foreign entities from selling securities to US persons. Under this regime, only residents of the United States will be considered US persons. Furthermore, also foreign entities that have US partners, which have, directly or indirectly, more than 25% will be treated as US accounts.
8. If a joint account is held by a US person and a non-US person, will it be considered 50% US or 100% US?
A joint account that has a U.S. owner is treated as a U.S. account and the entire account is subject to reporting as a U.S. person, regardless of whether the other account holders are non-U.S. persons.
9. If a joint account is held by a US person and a non-US person, will it be considered 50% US or 100% US? A joint account that has a U.S. owner is treated as a U.S. account and the entire account is subject to reporting as a U.S. person, regardless of whether the other account holders are non-U.S. persons.
Foreign Financial Institutions will report worldwide income and profits received by specific US persons.
10. What does this mean to you?
If our records indicate that you are an individual specified as being from the United States, we will need to provide information about you and your account to the Portuguese tax authorities. We will then pass this information to the Internal Revenue Service (IRS) in the US and we will report this information to the Portuguese Tax Administration.
Qualification
Name
Address
Account number
Birthdate
NIF (tax identification number)
Account balance
11. How can I certify my FATCA status?
To certify that you are not a U.S. person for tax purposes, you must sign a valid W8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals)) form if you are an individual client.
If you are a legal entity, you must sign the W8BEN-E form where, if you are classified as a passive company according to the FATCA criteria, you must identify any final beneficiary that has a participation greater than 10%.
American persons must sign the W9 form. Note that as Saks Global is not registered to offer financial services within the United States and in compliance with the US securities law – ‘Securities Exchange Act Of 1934’, Saks Global does not accept clients tax residents in the US.
12. What are the consequences of not criticizing the FATCA status or granting an incorrect or negligent TIN (Tax Identification Number).
In the event that Saks Global cannot classify your account due to lack of information and there are indications of American residence, it may apply a withholding tax withholding backup of 30% preventively and report the account holder as recalcitrant.
Speculative trading is not suitable for all investors.
Any mention in a Publication of risks relating to a particular product or service shall not be construed as comprehensive disclaimers or a complete description of all risks relating to such product or service, and Saks Global strongly encourages recipients who consider negotiate with their products and services that continually resort to financial advisory services before choosing to make any investment or operation.
recommendations
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(collectively, “Recommendations”).
Saks Global will not be responsible for losses arising from investments based on Recommendations received from it.
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interruptions in market prices.
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Update the Post,
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Any Posting may reflect the personal opinion of the author and not necessarily that of Saks Global. Saks Global reserves the right to withdraw or modify Publications or Information at any time, without the need to inform you about it (prior or later).
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Saks Global will not be liable for any damages or injuries caused by any person or entity’s access to, or inability to access, the Saks Global website. This limitation includes, but is not limited to, damage to equipment and operating systems caused by viruses, malware and any other malicious software.
Consultation of the Saks Global website does not constitute a customer relationship, and Saks Global shall not be obligated or incur any liability to any person or entity as a result of such person or entity’s consultation of the Saks Global website. .
