Form 6K Credicorp Ltd For: 18 August

Fusion Media's comprehensive risk disclosure highlights the inherent high volatility and potential for total capital loss in trading financial instruments and cryptocurrencies, driven by external factors. Crucially, the disclosure states that its market data is not necessarily real-time or accurate, is indicative only, and unsuitable for trading decisions, while disclaiming liability for reliance on this information. This underscores the imperative for institutional investors to exercise extreme caution regarding data accuracy and conduct independent due diligence when evaluating market positions.

Analysis

The provided text is a comprehensive risk disclosure from Fusion Media that highlights significant operational risks for investors relying on its data. The disclosure's primary warning is twofold: it underscores the inherent high volatility and potential for total loss in trading financial instruments, particularly cryptocurrencies, and, more critically, it explicitly states that its own data is not guaranteed to be real-time or accurate. The document clarifies that prices may be provided by market makers rather than exchanges, rendering them indicative and unsuitable for direct trading purposes. By disclaiming all liability for losses incurred from reliance on its information, Fusion Media places the full burden of due diligence on the user. For institutional investors, this is a material statement on data integrity, suggesting that any investment process, quantitative model, or risk management system using this data source must incorporate rigorous, independent verification to mitigate the risk of executing trades based on flawed or latent information.

Key Decisions for Investors

• Treat all data from this platform as indicative and non-tradable, requiring mandatory cross-verification with primary sources like direct exchange feeds before any capital commitment.
• Refrain from using this data for latency-sensitive or high-frequency trading strategies, as the explicit lack of real-time accuracy guarantees introduces significant execution risk.
• Investors should systematically factor in a data uncertainty buffer into any risk models or analytics derived from this source to account for potential price discrepancies.
• Perform enhanced due diligence on data sourcing when selecting vendors, specifically questioning whether data comes from direct exchanges or market makers, as this directly impacts its reliability for systematic strategies.