PLEASE READ THE FOLLOWING RISK DISCLOSURE STATEMENT. CMS Prime offers its services only to professional and experienced investors. By this statement, you are confirming that you consider yourself an "experienced" or "professional" investor; you should not be trading in commodities unless you understand the nature of trading you are entering into and the extent of your exposure to risk. You should also be satisfied that trading is suitable for you in the light of your circumstances and financial position.

CMS Prime accepts no liability whatsoever for all losses in your account(s).

This brief statement does not disclose all of the risks and other significant aspects of trading in futures, options, commodities, and contracts for differences, foreign exchange and other financial transactions ("Commodity Contracts")...

1. Futures:
   Effect of "Leverage" or "Gearing": Transactions in futures carry a high degree of risk. A small market movement may result in substantial losses.
   Risk-reducing orders or strategies: Stop-loss or stop-limit orders may not be effective due to market conditions.
2. Options:
   Variable degree of risk: Buying options can result in total loss of premium. Selling options can incur unlimited risk.
   Terms and conditions of contracts: Know your contract's terms, such as expiry or delivery obligations.
3. Suspension or restriction of trading and pricing relationships:
   Market conditions may limit your ability to liquidate or value positions. Price limits and circuit breakers can disrupt normal pricing.
4. Deposited cash and property:
   You should be aware of protections (or lack thereof) for deposited assets in case of insolvency.
5. Commission and other charges:
   Understand all applicable costs before you begin trading, as they affect profitability.
6. Transactions in other jurisdictions:
   Trading in foreign markets may expose you to regulatory and legal risks that differ from your home country.
7. Currency risks:
   Foreign currency fluctuations can impact your profits or losses significantly.
8. Over-the-Counter Trading:
   OTC products are not traded on centralized exchanges and may have pricing, execution and liquidity risks.
9. Trading facilities:
   Computer systems used in trading may fail or malfunction, affecting your ability to trade or recover losses.
10. Electronic trading:
    Trading via electronic platforms carries specific system failure risks that may prevent execution.
11. Off exchange transactions:
    These may involve greater risks and may not be subject to normal market regulation or protections.
12. Foreign Exchange:
    FX markets can be highly volatile. Leverage can magnify both gains and losses. Stop-loss orders may not always be effective.
13. Contracts for Differences:
    CFDs carry similar risks to futures and options. They are cash-settled and may result in contingent liabilities.