Legal & Compliance

Disclosures, Methodology & Terms of Service

The Privacy Notice - who holds your data, on what basis, which processors handle it and your right to complain - is published separately: terminal.oneirosvision.com/legal/privacy. So are the Data Processing Agreement and, for financial entities, the DORA Addendum.

DISCLOSURES & METHODOLOGY

Last Updated: October 2026  |  Version: 2.0

For professional investors only

Oneiros Vision's material is directed only at persons who have professional experience in matters relating to investments and act in the course of their business:

  • in the European Economic Area, professional clients and eligible counterparties;
  • in Switzerland, professional and institutional clients within the meaning of article 4 of the Financial Services Act;
  • in the United Kingdom, investment professionals within the meaning of article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.

The service is available only to such persons, and persons without that experience are not to rely on it. Reports the terminal produces for a professional's own clients, such as the client summary, are that professional's communication, issued under its own name and its own rules.

1. Who provides this service

Oneiros Vision is the trading name of Oneiros Vision Research S.R.L., registered in Romania under registration code (CUI) 51610020 and trade register number J2025025914004. The change of the company's registered name to Oneiros Vision Research S.R.L. is being entered in the trade register; both numbers stay the same. It provides software and data that measure market and portfolio risk.

It is not authorised, registered or supervised by any financial regulator. In particular, it is not registered as an investment adviser with the United States Securities and Exchange Commission or any state securities authority, and it is not authorised or supervised by the Swiss Financial Market Supervisory Authority (FINMA), by any authority of a member state of the European Economic Area as an investment firm under MiFID II, or by the United Kingdom Financial Conduct Authority (FCA).

2. What the service is, and is not

The service measures. It classifies the prevailing market regime from published market and macroeconomic data, measures the risk of the portfolios its users enter (concentration, drawdown, stress, value at risk), and keeps a dated record of those measurements.

It does not advise. No regime reading, score, measurement, chart, e-mail or document from Oneiros Vision is investment advice, a personal recommendation to buy, sell, hold or otherwise deal in any financial instrument, an offer or a solicitation, or an assessment of whether anything is suitable or appropriate for anyone. The regime classification describes market conditions; it proposes no decision about any financial instrument or issuer. Oneiros Vision publishes no price targets and no projections of any instrument's price.

Users decide. Users make their own investment decisions, advise their own clients under their own authorisations, and remain responsible for both. A target, limit or tolerance a user enters is the user's own, and any order list the terminal computes toward it is arithmetic on the user's instructions. Using the service creates no advisory, fiduciary or client relationship with Oneiros Vision.

3. How the measurements are made

Oneiros Vision presents its measurements to the standard the EU and UK market-abuse rules set for the objective presentation of investment recommendations. It does so voluntarily: for the reasons in section 2, it regards its output as outside those rules.

Inputs. The regime engine reads seventeen inputs from sixteen United States market and macroeconomic series, in three pillars: Volatility, Sentiment and Macro Health, weighted 0.4, 0.4 and 0.2. Every input is a United States series; two of them are the dollar's exchange rates against the euro and the Swiss franc. The Terms (Schedule 2) name the sources.

Method. The pillar readings are combined into a composite score, the MDI. Fixed thresholds on the MDI give the regime, and a five-session consensus rule damps day-to-day noise. The inputs, weights and thresholds are fixed; a change to any of them is recorded with a version number and announced to subscribers before it takes effect.

What is a fact, and what is a model. The input values are published data, attributed to their sources. The scores and regime labels are outputs of a model, built on the fixed rules the Documentation describes.

Base rates. Base rates count what followed each regime in the past. Each is shown with a 95% confidence interval from a stationary block bootstrap and with the number of independent regime episodes behind it. Regimes last weeks, so the episodes are far fewer than the days, and the interval reflects that smaller number. Base rates are ranges, not point estimates, and they describe history.

Timing. Each reading shows the date of the market session it describes, and the terminal shows the date each group of inputs was last updated. Some inputs are entered by hand from published sources. Published series are revised, and a reading uses the values available when it was computed.

Risk Perception Gap. Where a user has recorded a stated risk tolerance, the terminal reports that stated figure beside the modelled 95% drawdown bound for the portfolio in the current regime. This is a factual comparison of two numbers and is not a recommendation; it does not assess suitability. The stated figure is the user's and is not verified by Oneiros Vision; the modelled figure carries every limitation in this document.

4. Historical and hypothetical results

The live record. Regime readings have been logged as they were published since 20 July 2026, in a record whose entries are chained by cryptographic hash. Everything before that date is a backtest.

Backtests are hypothetical. They apply the current model to historical data from January 2010. They benefit from hindsight in the design of the model, involve no actual trading and no money at risk, and cannot reflect every economic and market factor that would have affected real decisions. Months after the live record began are marked as such.

The illustrative implementation. The Performance Tear Sheet shows, as a reference, a hypothetical allocation between exchange-traded funds that follows the regime. It uses a fixed weight map, trades at the next close, uses inputs dated by when they were published, and deducts the transaction costs the tear sheet states. It is shown beside the S&P 500 (through SPY), a 60/40 portfolio and QAI, and its periods of underperformance are disclosed. It is not a strategy, product or allocation that Oneiros Vision offers, operates or proposes to anyone. These figures are not presented as compliant with the Global Investment Performance Standards (GIPS®).

Past performance, whether actual or simulated, is not a reliable indicator of future results.

5. Limits of the model

Gradual stress, not sudden shocks. The engine is built to measure the gradual build-up of systemic stress. It is not designed to detect, or to protect against, flash crashes, single-stock events, geopolitical shocks or other dislocations faster than its lookback windows.

American inputs. Every regime input is a United States series. Applied to European or United Kingdom portfolios, the regime describes conditions driven by the United States. Oneiros Vision does not claim that it identifies European or United Kingdom market falls in advance.

Portfolio measurements. Portfolio measurements depend on the holdings the user enters and on the prices and exchange rates available. A holding with no price history is measured through a stand-in (SPY) and named in amber; a private holding is measured through the public proxy shown beside it, scaled by its illiquidity beta.

No guarantee. No quantitative model is free of error. The engine's record is published, not asserted: the Performance Tear Sheet sets out what followed each regime and how the record was built. All investments involve risk, including the loss of capital.

6. Independence and conflicts of interest

Oneiros Vision earns its revenue from subscriptions. It does no investment banking, brokerage or market making, manages no money for others, and accepts no payment from any issuer, fund provider or index provider for what the service shows. It does not use subscribers' portfolios to trade or to inform any investment decision.

The people who build the model may hold investments, including the broad-market funds the research uses as examples. They do not deal on information about subscribers, and they do not deal ahead of the publication of a change to the model.

7. Data and trademarks

Third-party data carries its providers' attributions, which Schedule 2 of the Terms lists. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. All trademarks belong to their owners, and no data provider sponsors or endorses Oneiros Vision.

8. Contact

Questions and complaints: contact@oneirosvision.com.

TERMS & CONDITIONS, VERSION 2.0

Announced on 21 October 2026; applies from 25 November 2026.

Last Updated: October 2026  |  Version: 2.0

Version 2.0 was announced on 21 October 2026 and applies from 25 November 2026. It replaces version 1.2.

These Terms are a contract between businesses. Oneiros Vision provides its service only to firms, and to professionals acting in the course of their business. It does not contract with consumers.

1. Who we are and what the Agreement is

1.1 Oneiros Vision. The service is provided by Oneiros Vision Research S.R.L., a limited liability company registered in Romania, trading as Oneiros Vision ("Oneiros Vision"):

  • registered office: Str. Stadionului nr. 15, bl. 3, sc. A, et. 2, ap. 12, Târgu Secuiesc, Covasna County, Romania;
  • trade register number: J2025025914004;
  • European Unique Identifier (EUID): ROONRC.J2025025914004;
  • sole registration code (CUI): 51610020.

The change of the company's registered name to Oneiros Vision Research S.R.L. is being entered in the trade register. Its registration code and trade register number stay the same, and these Terms bind the same legal person throughout.

Contact: contact@oneirosvision.com; telephone +40 748 910 049 (Romania) and +41 77 807 46 17 (Switzerland, in English). Oneiros Vision is not authorised or supervised by any financial regulator (clause 3.4).

1.2 The Customer. The Customer is the business that places the Order ("the Customer").

1.3 The Agreement. The Agreement between Oneiros Vision and the Customer consists of:

The Privacy Notice and the Important Disclosures are published notices, not contract terms. The Customer confirms that it has read the Important Disclosures.

1.4 Order of precedence. If the documents conflict, they apply in this order:

  1. the DORA Addendum, for the matters it governs;
  2. the DPA, for the processing of personal data;
  3. an Order signed by both parties, only where it expressly varies these Terms;
  4. these Terms;
  5. their Schedules;
  6. the Documentation.

1.5 How the Agreement is made. The Agreement is concluded when Oneiros Vision approves an online registration, or when both parties sign an order form. At registration the Customer accepts these Terms, and separately and expressly accepts the clauses listed at the end of them. Before acceptance, the full text can be read, saved and printed. Oneiros Vision keeps a record of the version accepted, the time and the address it came from. The Customer can ask for a copy at any time.

2. Definitions

In these Terms:

  • Account is the Customer's account on the Platform.
  • Administrator is the Authorised User who manages a Firm Account (clause 4.5).
  • API is the application programming interface at api.oneirosvision.com.
  • Authorised User is an individual employee, officer or contractor of the Customer whom the Customer allows to use the Service for the Customer's business, under a Seat.
  • Billing Period is the period of one month for which Fees are charged in advance.
  • Business Day is a day other than a Saturday, a Sunday or a public holiday in Romania.
  • Customer Data is the data the Customer or its Authorised Users submit to the Service: books (holdings, identifiers, quantities, values and cash); mandate limits, targets, stated risk tolerances and notes; and the entries Authorised Users make on the mandate record. It does not include Usage Data, or Outputs except where they reproduce Customer Data.
  • Documentation is the OV Risk Terminal User Guide, the API reference and the methodology documents Oneiros Vision publishes for subscribers.
  • Fees are the amounts payable for a Plan.
  • Firm Account is an Account with more than one Seat (clause 4.5).
  • Intellectual Property Rights are copyright, database rights, rights in software, trade marks, trade secrets, know-how and all similar rights anywhere.
  • Order is either a registration approved by Oneiros Vision with the Plan chosen at checkout, or an order form signed by both parties.
  • Outputs are the measurements, classifications, scores, charts, tables, reports, e-mails, exports and API responses the Service produces, including those computed from Customer Data.
  • Plan is a subscription tier described in clause 4.1.
  • Platform or Service is the OV Risk Terminal at terminal.oneirosvision.com, the API, the e-mails and reports the Service sends, and the Documentation.
  • Seat is the right of one named Authorised User to use the Service.
  • Third-Party Data is the data and content of the third parties listed in Schedule 2.
  • Trial is a free trial under clause 5.
  • Usage Data is technical and account data about the use of the Service, such as sign-in records and API call records.

Headings do not affect interpretation. "Including" means "including without limitation". A reference to a law is to that law as amended.

3. The Service, and what it is not

3.1 What the Service does. The Service measures. It computes and presents risk measurements, stress tests, market regime classifications and mandate records from market and macroeconomic data and from the Customer's own Customer Data. The Documentation describes the methods, the inputs and their limits.

3.2 No investment advice. Nothing that Oneiros Vision provides, whether the Service, the Outputs, the Documentation or any communication, is:

  • (a) investment advice, or a personal recommendation to the Customer or anyone else to buy, sell, hold or otherwise deal in any financial instrument;
  • (b) an offer or solicitation to deal in any financial instrument; or
  • (c) an assessment of whether any instrument, strategy or portfolio is suitable or appropriate for any person.

3.3 The Customer decides. The Customer and its Authorised Users make their own investment decisions, and advise their own clients themselves, under their own authorisations and duties. A target, limit or tolerance entered by the Customer is the Customer's own. An order list the Service computes toward it is arithmetic on the Customer's instructions. The Customer does not present any Output to its clients, or to anyone else, as advice from Oneiros Vision.

3.4 Not authorised, and not needed. No authority anywhere has authorised, registered or supervised Oneiros Vision as an investment firm, an investment adviser, a financial service provider or a benchmark administrator. The Service is designed to carry out no activity that requires such an authorisation.

3.5 Professional use only. The Service is for businesses acting in the course of their trade or profession, and for their staff. The Customer confirms that it is such a business, and that each Authorised User acts for it in that capacity and not as a consumer or private investor.

3.6 Historical and hypothetical figures. Base rates and backtests are history, computed with the model in use today on past data. The Customer acknowledges the Important Disclosures on historical and hypothetical results and on the limits of the model.

3.7 Changes to the Service. Oneiros Vision improves the Service over time. The regime model's inputs, weights and thresholds are fixed. A change to any of them is recorded with a version number, and announced to the Customer before it takes effect. Oneiros Vision does not materially reduce the core functions of a Plan during a Billing Period already paid, unless the law, a Third-Party Data provider or an urgent security need requires it. If a change materially reduces the core functions of the Customer's Plan, the Customer may end the Agreement under clause 11.4.

4. Subscription & Billing

4.1 Pricing Tiers. The Plans are the following, all in euro and billed monthly in advance:

PlanPriceSeats
Launch Catalyst (Founding Member)€200 a monthOne. Offered to the first ten founding members; the rate does not change during the first twelve months of the subscription.
Professional Tier€300 a monthOne
Practice Tier€220 per Seat a month, sold as a Firm Account of three Seats (€660 a month)Three; more by written agreement
Enterprise API€1,000 a monthAPI access for the Customer's own systems (clause 6.5)

The Plan, the price, the number of Seats and the start date are those shown at checkout or in the signed Order. Prices exclude VAT (clause 4.6).

4.2 Payment Processing. Payments are processed by Stripe, which acts in the European Economic Area through Stripe Payments Europe, Limited. Oneiros Vision never receives or stores card numbers or security codes. The Customer authorises the recurring charge for each Billing Period in advance. Invoices and receipts are issued electronically. The Customer keeps its billing details accurate, including its VAT number where it has one.

4.3 Renewal. A subscription renews automatically for successive Billing Periods, at the price then in force for the Plan, until it is cancelled before a renewal date (clause 11.1).

4.4 Price Changes. Oneiros Vision may change the price of a Plan by giving at least 30 days' notice by e-mail. The new price applies from the first Billing Period that starts after the notice period. The Customer may cancel before then and pay nothing at the new price. The Launch Catalyst rate does not change during the first twelve months of the subscription.

4.5 Firm Accounts. On the Practice Tier the Customer is the firm:

  • its Administrator gives Seats to Authorised Users of the firm, up to the number of Seats of the Plan;
  • books saved by any of them are available to all of them;
  • the Customer is responsible for the use each of them makes of the Service;
  • the Customer removes a Seat when its holder leaves the firm, and removing a Seat deletes that user's account;
  • the Administrator cannot delete the Account while other Seats are held;
  • access through every Seat ends when the Customer's subscription ends.

4.6 Taxes. Prices exclude value added tax and any similar tax. Where such a tax is due, it is added at the rate the law sets, or, where the reverse-charge rules apply to a Customer established in another country, accounted for by the Customer.

4.7 Failed and late payments. If a card payment fails, Stripe retries it on its schedule and tells the Customer by e-mail. Access continues while Stripe retries. If the last retry fails, the subscription ends, and access to the analytical Service stops until a new subscription starts. Where an Order provides for payment by invoice, the Fees are due within 30 days of the invoice date. Late amounts then carry the statutory interest for late payment between professionals under Romanian Law 72/2013, which is the reference rate of the National Bank of Romania plus eight percentage points, together with the fixed compensation for recovery costs the same law provides.

5. Free Trial

5.1 Oneiros Vision may offer a free Trial of 14 days. It starts when Oneiros Vision approves the registration. No payment details are needed, and the Trial creates no obligation to subscribe. Oneiros Vision e-mails a reminder before the Trial ends and a notice when it has ended.

5.2 When the Trial ends, access to the analytical Service stops until a paid subscription starts. The Account and the books are kept as the Privacy Notice states.

5.3 During a Trial the service levels in Schedule 1 do not apply.

6. Licence and permitted use

6.1 Licence. During the subscription, Oneiros Vision grants the Customer a non-exclusive, non-transferable licence to access and use the Service and the Outputs. The licence is limited to the Customer's Authorised Users, to the Customer's internal business purposes, and to the Seats and limits of the Plan.

6.2 Authorised Users. Each Authorised User has their own credentials and a second factor, which are not shared. The Customer keeps the list of its Authorised Users current and is responsible for their acts and omissions in using the Service.

6.3 Using Outputs in the Customer's own work. The Customer may use Outputs in its internal analysis, investment committee papers, risk reports and records. It may also:

  • give its own clients the client summaries and risk briefings the Service produces for that purpose; and
  • include a limited number of Outputs, such as a chart or a figure, in reports and presentations to its own clients.

In each case, the Outputs are attributed to Oneiros Vision, they are not presented as advice from Oneiros Vision, and they are not a substitute for the Service. The material is the Customer's own communication, made under its own rules.

6.4 Restrictions. Except as clause 6.3 allows, the Customer does not, and does not allow anyone to:

  • (a) sell, resell, sublicense, publish, redistribute or otherwise make the Service or any Output available to any third party;
  • (b) copy or extract data from the Service systematically, or access it by automated means, other than through the API on the Enterprise API Plan;
  • (c) use the Service or any Output to build, train, test or improve any competing product, data set, index or model, including any machine-learning or artificial intelligence model. Oneiros Vision reserves its rights in the Service and the Outputs against text and data mining;
  • (d) use any Output as an index or benchmark, or as a reference for a financial instrument, fund or performance fee, without a separate written licence;
  • (e) reverse engineer, decompile or disassemble the Service, except to the extent mandatory law permits it;
  • (f) get around any security measure, rate limit, IP restriction or Seat limit;
  • (g) upload malicious code, special categories of personal data, or personal data the Service does not need; or
  • (h) use the Service in breach of law or of sanctions, or for the benefit of a sanctioned person.

Schedule 4 adds the rules on content.

6.5 Enterprise API. On the Enterprise API Plan the Customer may read Outputs through the API into its own internal systems. API keys are confidential. When the Customer sets a restriction, a key works only from the IP addresses it names. Calls are limited to 60 a minute, and every call is logged. Outputs read through the API are for the Customer's internal systems only, and clauses 6.3 and 6.4 apply to them.

6.6 Third-Party Data. Parts of the Service contain Third-Party Data, which Schedule 2 lists with each provider's attribution. The Customer does not redistribute Third-Party Data, except as it appears in the client reports clause 6.3 allows. Oneiros Vision may change or withdraw a Third-Party Data set where a provider requires it or a source ends. If that materially reduces the core functions of the Customer's Plan, the Customer may end the Agreement under clause 11.4.

6.7 Feedback. Oneiros Vision may use suggestions and feedback freely, without any obligation to the Customer.

6.8 Ownership. Oneiros Vision and its licensors own the Service and its software; the models, methods, parameters and Documentation; the Outputs, other than the Customer Data they contain; and all Intellectual Property Rights in any of them. Everything not expressly licensed is reserved.

7. Customer Data

7.1 Ownership and licence. The Customer, or its own clients and licensors, keep all rights in the Customer Data. The Customer grants Oneiros Vision a non-exclusive licence to host, copy, process and display Customer Data, only to provide, secure and support the Service for the Customer, and as the DPA permits.

7.2 The Customer's responsibility. The Customer has the rights, notices and permissions needed to submit Customer Data. Books are named by mandate, not by client: no client's name or other direct identifier is needed for the Service to work.

7.3 What Oneiros Vision does not do with Customer Data. Oneiros Vision does not use Customer Data for any other purpose, does not sell it, does not share it for marketing, and does not use it to trade or to inform any investment decision of Oneiros Vision, its owners or its staff. Access to Customer Data is limited to the persons who operate and support the Service, under a duty of confidentiality.

7.4 Aggregate statistics. Oneiros Vision may compile statistics about the use of the Service, such as the number of books or the features used, to run and improve it. Such statistics identify neither the Customer, its Authorised Users nor any client, and are never derived from the holdings or values in Customer Data.

7.5 Export. While the subscription is active, the Customer can export its Customer Data as Schedule 3 describes. After it ends, Schedule 3 applies.

8. Data protection

8.1 For account, billing, security and Usage Data, Oneiros Vision is the controller, and the Privacy Notice describes the processing.

8.2 For personal data contained in Customer Data, Oneiros Vision is the Customer's processor, and the DPA applies. The DPA is part of the Agreement and meets Article 28 of the EU and UK General Data Protection Regulations and the Swiss Federal Act on Data Protection.

8.3 Each party complies with the data protection law that applies to it.

9. Security

9.1 Oneiros Vision maintains the technical and organisational measures described in Annex II of the DPA, and does not materially reduce their overall level during the subscription.

9.2 The Customer keeps its credentials and API keys secret, tells Oneiros Vision at once of any unauthorised use it suspects, and removes the Seat of anyone who leaves. A second factor is required on every account and cannot be switched off.

9.3 Personal data breaches affecting Customer Data are notified as the DPA provides.

10. Suspension

10.1 Oneiros Vision may suspend access to all or part of the Service only as far as is reasonably necessary, and only where:

  • (a) Fees are unpaid, as clause 4.7 describes;
  • (b) there is an actual or reasonably suspected security threat, compromise of credentials or attack that endangers the Service, the Customer or other customers;
  • (c) the Customer is in material breach of clause 6.4 or Schedule 4 and does not stop when told, or at once where continuing would cause serious harm;
  • (d) a law, a court or a competent authority requires it; or
  • (e) continuing would breach sanctions.

10.2 Oneiros Vision gives notice and reasons before suspending where practicable, and otherwise as soon as possible afterwards. A suspension lasts only as long as its cause, and is limited to the part of the Service concerned.

10.3 If a suspension under clause 10.1(b), (d) or (e) was not caused by the Customer and lasts more than two Business Days, the Fees for its duration are credited.

11. Cancellation and termination

11.1 Cancellation by the Customer. The Customer may cancel at any time from Account settings, which opens Stripe's billing portal. Cancellation takes effect at the end of the current Billing Period, and access continues until then. Fees for a Billing Period that has begun are not refunded, except where these Terms provide a refund.

11.2 Deleting the Account. Deleting the Account from Account settings cancels any live subscription at once, ends all access at once, and erases data as the Privacy Notice states. Fees for the current Billing Period are not refunded. The Customer can export its data first (Schedule 3).

11.3 Termination for cause. Either party may end the Agreement by written notice:

  • (a) if the other party is in material breach and has not remedied it within 30 days of a notice describing it; or
  • (b) if the other party becomes insolvent, to the extent the insolvency law that applies allows termination.

11.4 The Customer's further termination rights. The Customer may also end the Agreement by written notice under clause 3.7 or 6.6; under clause 16.4; where Schedule 1 allows it for repeated failures of availability; after an objection to a new sub-processor that is not resolved under the DPA; or under the DORA Addendum. Oneiros Vision then refunds, pro rata, the Fees paid for any period after the end.

11.5 Ending a Plan or the Service. Oneiros Vision may stop offering a Plan, or the Service, by giving at least 90 days' notice. It refunds, pro rata, the Fees paid for any period after the end.

11.6 Effects of ending. When the Agreement ends, the licence ends, Fees already due remain payable, and Schedule 3 governs the retrieval and erasure of Customer Data. Clauses 3, 6.4, 6.8, 7, 8, 12, 13, 14, 15, 21 and 22 survive, with any accrued rights.

12. Confidentiality

12.1 Confidential Information is any non-public information a party receives from the other under the Agreement that is marked confidential or is evidently confidential. The Customer Data is the Customer's Confidential Information. The non-public parts of the Service, the Documentation for subscribers and the terms of a signed Order are Oneiros Vision's.

12.2 The receiving party uses Confidential Information only to perform or exercise the Agreement, protects it with at least reasonable care, and discloses it only to those who need it and are bound by confidentiality: its personnel, professional advisers and auditors, and, for Oneiros Vision, its sub-processors.

12.3 Clause 12 does not apply to information that is public through no breach, already lawfully known to the receiving party, independently developed, or lawfully received from a third party.

12.4 A party may disclose Confidential Information where law, a court or a competent authority requires it, telling the other party first where it is allowed to.

12.5 Nothing prevents the Customer from giving its competent authorities information about the Agreement or the Service.

12.6 These duties last for the Agreement and five years after it, and, for trade secrets, for as long as the information remains a trade secret.

13. Warranties and disclaimers

13.1 Oneiros Vision's warranties. Oneiros Vision warrants that:

  • (a) the Service performs materially as the Documentation describes;
  • (b) the Service is provided with reasonable skill and care;
  • (c) Oneiros Vision does not knowingly introduce malicious code;
  • (d) it complies with the laws that apply to it as the provider of the Service; and
  • (e) it owns, or has the right to use, the software, models and methods of the Service.

13.2 Remedy. If the Service does not conform to clause 13.1(a), the Customer reports the non-conformity in reasonable detail. Oneiros Vision corrects a reproducible non-conformity within a reasonable time. If it cannot do so within 30 days of the report, the Customer may end the affected subscription and receive a pro-rata refund of the Fees paid for the period after the end. Subject to clause 14.1, this is the Customer's remedy for a non-conformity.

13.3 What is not warranted. Apart from clause 13.1, and as far as the law allows, the Service is provided without any other warranty or condition, express or implied. Third-Party Data is provided as Schedule 2 states. In particular, Oneiros Vision does not warrant:

  • (a) that every Output is accurate, complete or timely at all times, since Outputs depend on Third-Party Data and on Customer Data;
  • (b) that any measurement, classification or base rate will describe future market conditions;
  • (c) that the Service will be uninterrupted or free of errors; or
  • (d) that using the Service will achieve any investment, risk or regulatory result.

13.4 The Customer's warranties. The Customer warrants that:

  • it is a business acting in the course of its trade or profession;
  • the person accepting these Terms has authority to bind it;
  • it holds the rights in its Customer Data that clause 7.2 describes;
  • it is not a sanctioned person; and
  • the information given at registration is accurate.

14. Liability

14.1 What is not limited. Nothing in the Agreement excludes or limits liability for harm to physical or mental integrity or health, for damage caused intentionally or by gross negligence, for fraud, or for any other liability that the law does not allow to be excluded or limited.

14.2 Excluded losses. Subject to clause 14.1, neither party is liable for:

  • (a) loss of profit, revenue, business, goodwill or anticipated savings;
  • (b) indirect or consequential loss; or
  • (c) loss arising from any investment, trading, hedging or allocation decision, or from advice the Customer gives its clients, whether or not the decision or advice used Outputs.

14.3 The cap. Subject to clauses 14.1, 14.4 and 14.5, each party's total liability arising out of or in connection with the Agreement in each period of twelve months, in contract, in tort or otherwise, is limited to the Fees paid and payable by the Customer in the twelve months before the event giving rise to the claim.

14.4 The higher cap. Subject to clause 14.1, for breach of clause 8, the DPA or clause 12, and for the indemnities in clauses 15.1 and 15.2(a) and (c), the total limit is three times the amount in clause 14.3, or €10,000, whichever is higher.

14.5 Not capped. The Customer's obligation to pay Fees, its liability for breach of clause 6.4, and its indemnity in clause 15.2(b) are not capped.

15. Indemnities

15.1 By Oneiros Vision. Oneiros Vision will defend the Customer against any third-party claim that the Customer's use of the Service, in accordance with the Agreement, infringes that third party's Intellectual Property Rights in the European Union, the European Economic Area, Switzerland or the United Kingdom. It will pay the damages and costs finally awarded against the Customer, or agreed by Oneiros Vision in settlement. If such a claim is made or likely, Oneiros Vision may, at its choice, obtain the right for the Customer to continue, modify or replace the affected part, or end the affected subscription and refund, pro rata, the Fees paid for the period after the end. This clause does not cover claims arising from Customer Data, from Third-Party Data, from combination with anything Oneiros Vision did not supply, from changes not made by Oneiros Vision, or from use in breach of the Agreement.

15.2 By the Customer. The Customer will defend Oneiros Vision against any third-party claim arising from:

  • (a) Customer Data, including a claim that it infringes a third party's rights or data protection law, except where Oneiros Vision breached the DPA;
  • (b) the use or distribution of Outputs in breach of clause 6; or
  • (c) the Customer's investment services, decisions, advice or communications to its clients or to any third party, except to the extent Oneiros Vision's breach of the Agreement caused the loss,

and will pay the damages and costs finally awarded against Oneiros Vision, or agreed by the Customer in settlement.

15.3 Procedure. The party seeking protection gives prompt written notice of the claim, lets the other party control the defence and any settlement, and gives reasonable help at the other party's cost. It may take part with its own lawyers at its own cost. No settlement may admit fault on behalf of the protected party without its consent.

16. Changes to these Terms

16.1 Oneiros Vision may change these Terms by publishing a new version with a new number.

16.2 A Material Change is a change that reduces the Customer's rights or increases its obligations in a way that matters. Oneiros Vision announces it at least 30 days before it takes effect, by e-mail to the Account's address (on a Firm Account, the Administrator's) and by a notice in the terminal. The announcement names the version, the date it takes effect and what changes, and links to the new text.

16.3 From the date a Material Change takes effect, the terminal asks an Authorised User to read and accept the new version before continuing. The acceptance is recorded with the date, the time and the address it came from. Account settings stay open while the question is shown.

16.4 If the Customer does not accept, it may cancel from Account settings. Oneiros Vision then refunds, pro rata, the Fees paid for any part of the Billing Period after the effective date during which the Customer neither accepted nor used the Service.

16.5 Other changes take effect when they are published. They include corrections, clarifications, new contact details, new optional features and changes that only benefit the Customer. The history of versions is available on request.

16.6 A change that a law, a court, a competent authority or a Third-Party Data provider requires may take effect sooner if the requirement so demands. Oneiros Vision gives as much notice as it reasonably can.

16.7 Any other change to the Agreement must be agreed by both parties in writing. Writing includes e-mail.

17. Notices

17.1 Oneiros Vision gives notices by e-mail to the Account's address, or in the terminal. An e-mail notice is received when it is sent, unless it is returned undelivered.

17.2 The Customer gives notices by e-mail to contact@oneirosvision.com. A notice is received on the next Business Day.

17.3 Notices and acceptances given electronically meet any requirement that they be in writing, as far as the law allows.

17.4 Messages about security, billing, changes to these Terms and the Trial are part of the Service. The Customer can stop optional product e-mails from the link each one carries.

18. Assignment and subcontracting

18.1 Neither party may transfer the Agreement without the other's written consent, which is not unreasonably withheld. Oneiros Vision may, however, transfer it to a successor to the business of the Service, giving notice. The Customer may then end the Agreement within 30 days of that notice and receive a pro-rata refund.

18.2 Oneiros Vision may use subcontractors, including the sub-processors the DPA lists, and remains responsible for their performance.

19. Force majeure

19.1 Neither party is liable for a delay or failure caused by force majeure or by a fortuitous event within the meaning of article 1351 of the Romanian Civil Code. These include a failure of a public network, a failure of a Third-Party Data source, a regional failure at a hosting provider, and acts of authorities, war, terrorism and epidemics, where the event could not have been avoided by the measures Schedule 1 and the DPA require.

19.2 The affected party tells the other promptly, limits the effects and resumes as soon as it can.

19.3 If the event prevents performance for more than 30 days, either party may end the affected subscription with a pro-rata refund.

20. Sanctions

20.1 Each party complies with the sanctions of the European Union and the United Nations, and with those of Switzerland and the United Kingdom where they apply to it.

20.2 Oneiros Vision does not provide the Service to a sanctioned person, to a person owned or controlled by one, or to a person established in Russia or Belarus. It may end the Agreement at once where continuing would breach sanctions.

21. Governing law and courts

21.1 Romanian law governs the Agreement and any non-contractual obligation arising from it. The United Nations Convention on Contracts for the International Sale of Goods does not apply.

21.2 The competent courts of Bucharest, Romania, have exclusive jurisdiction over any dispute arising from or in connection with the Agreement. Either party may still ask any competent court for urgent interim measures.

21.3 Before starting proceedings, other than for urgent measures, a party writes to the other describing the dispute, and senior representatives of both parties try in good faith for 30 days to settle it.

22. General

22.1 The Agreement is the whole agreement on its subject, and replaces earlier versions of these Terms from the date this version applies.

22.2 If a provision is invalid, the rest remains in force, and the parties replace the invalid provision with a valid one as close to its purpose as the law allows.

22.3 Failing or delaying to exercise a right is not a waiver of it.

22.4 The parties are independent contractors.

22.5 No person other than the parties has rights under the Agreement.

22.6 The Agreement is in English. A translation is for convenience only.

22.7 Oneiros Vision names the Customer as a customer only with the Customer's written consent.

22.8 An order form may be signed electronically and in counterparts.

22.9 A failure of Stripe's portal or of the terminal never prevents a notice by e-mail under clause 17.

22.10 Oneiros Vision may update the Important Disclosures, the Privacy Notice and the Documentation. A change to them does not change the Agreement.

22.11 DORA. If the Customer is a financial entity within the meaning of Regulation (EU) 2022/2554 (DORA), the DORA Addendum applies from the date the Customer tells Oneiros Vision so in writing.

Express acceptance of specific clauses

At registration, and when a new version is accepted in the terminal, the Customer ticks a separate box, which is not ticked in advance, with this text. The same text is repeated above the signature of every order form.

The Customer has read and expressly accepts the following clauses of the Terms & Conditions, version 2.0, which article 1203 of the Romanian Civil Code requires to be accepted expressly, in writing: 4.3 (automatic renewal); 10 (suspension); 11.2 (no refund when the Account is deleted); 11.5 (Oneiros Vision's right to end a Plan or the Service on notice); 13.2 and 13.3 (the remedy for non-conformity and the warranties not given); 14 (exclusions and limits of liability); 15.2 (the Customer's indemnity); 16 (changes to the Terms); 18.1 (transfer to a successor); 21.1 (governing law); and 21.2 (exclusive jurisdiction of the courts of Bucharest).

Schedule 1: Service Levels and Support

1. Availability target. The terminal and the API aim to be available 99.5% of each calendar month, measured by an external monitor that checks the API's readiness address and the terminal's health address.

2. Not counted as unavailability: maintenance announced at least 48 hours ahead, of at most four hours a month and outside 07:00–19:00 Central European Time on Business Days; urgent security maintenance; events under clause 19; failures of Third-Party Data sources; the Customer's own systems or connection; and suspension under clause 10.

3. Daily data. The regime reading for a United States trading session is normally published by 12:00 Central European Time on the next Business Day. Each reading shows the date of the session it describes, and the terminal shows the date each group of inputs was last updated. Some inputs are entered by hand from published sources. A late input delays a reading; it does not change the method.

4. Support. Support is by e-mail to contact@oneirosvision.com, on Business Days from 09:00 to 18:00 Central European Time, in English. First responses aim to come:

  • within 4 business hours where the Service is unavailable or data integrity is in doubt, with updates at least daily until resolved;
  • within 1 Business Day where a main function is impaired; and
  • within 2 Business Days for other questions.

Material incidents are reported by e-mail to the account holders affected, with the cause and the remedy once known.

5. Backups and recovery. The database is backed up every night, and encrypted copies are kept away from the server. After a disaster the Service is restored from the latest good backup, losing at most one day of data, with a target of restoring the Service within 24 hours. Restores are rehearsed at least every quarter.

6. Repeated failures. If availability falls below 99.0% in two consecutive months, the Customer may end the Agreement under clause 11.4 within 30 days of the second month's end. No service credits are offered.

Schedule 2: Data Sources and Third-Party Terms

The Service uses data from these sources. Each keeps its own rights in its data and its trade marks.

SourceWhat it is used forAttribution
Board of Governors of the Federal Reserve System; Federal Reserve Bank of St. Louis (FRED)Liquidity and Treasury yield seriesThis product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
ICE Data Indices, LLC; ICE Futures U.S.The US high-yield credit spread, the MOVE Index and the US Dollar IndexIndex data © ICE Data Indices, LLC. US Dollar Index® is a trade mark of ICE Futures U.S.
Cboe Exchange, Inc.The VIX® Index and put/call ratiosCboe® and VIX® are trade marks of Cboe Exchange, Inc.
American Association of Individual InvestorsThe AAII Investor Sentiment Survey© American Association of Individual Investors
S&P Dow Jones Indices LLCThe S&P 500® indexS&P 500® is a trade mark of S&P Dow Jones Indices LLC.
Third-party market-data sourcesPrices of listed instruments, exchange rates and futures settlements—
European Central Bank; Deutsche Bundesbank; Swiss National Bank; Bank of England; US Commodity Futures Trading Commission; US Office of Financial Research; FINRAContext series on the MARKETS screensSource: the named institution. Bank of England data contains public sector information licensed under the Open Government Licence v3.0.

Terms that pass through to the Customer. Third-Party Data is supplied for use within the Service. The Customer receives no right to redistribute it, except as it appears in the client reports clause 6.3 allows. The providers give the Customer no warranty and accept no liability to the Customer. No provider sponsors, endorses or promotes the Service.

Schedule 3: Switching, Exit and Data Location

This Schedule gives effect to Articles 23 to 31 of Regulation (EU) 2023/2854 (the Data Act).

1. What the Customer can export, and how. In the terminal, at any time while the subscription is active:

  • the mandate record of each book, with its whole history (CSV);
  • for each book, its allocations beside the Customer's target, and its regime exposure (CSV);
  • for a firm, the table of every book with its value, mix, drift and limits (CSV);
  • the risk briefing and the client summary of a book (PDF);
  • the figures and series behind each panel (CSV).

The books as stored, with their holdings, quantities, values and cash, together with mandate limits, targets, stated tolerances, notes and alert settings, are exported on request by e-mail to contact@oneirosvision.com. Oneiros Vision sends them within five Business Days, as CSV and JSON files. The data structures and formats are described in the User Guide, which serves as the register Article 26 of the Data Act requires.

2. What is not exported. Oneiros Vision's software, models, parameters and internal calculations, which are its trade secrets, and Third-Party Data, which is not the Customer's.

3. Switching or erasure on request. The Customer may at any time ask, by e-mail, to switch to another provider or to its own systems, or to have its exportable data erased. No notice period applies: the request takes effect when received.

  • (a) For up to 30 days, the Service continues on the same terms and at the same Fees, pro rata, and Oneiros Vision gives reasonable help with the export. The Customer may extend this period once, for as long as it needs.
  • (b) If 30 days are technically impossible, Oneiros Vision says so within 14 working days of the request, with reasons, and proposes an alternative period of not more than seven months. The Service continues meanwhile.
  • (c) For at least 30 days after that period, the Customer can retrieve its exportable data.
  • (d) Oneiros Vision then erases the exportable data, except what the law requires it to keep (Privacy Notice).
  • (e) The Agreement ends when the switch is complete or, where the Customer asked for erasure instead, when the request takes effect.

No switching or data-extraction charges apply.

4. After an ordinary cancellation. Books are kept for 30 days after the subscription ends, and the mandate record and other account data for 365 days. During those periods the Customer can ask by e-mail for an export, which Oneiros Vision sends within five Business Days.

5. Where the data is. The Service and its database run on a server in Germany (Hostinger). Encrypted backups are kept in the Netherlands (Backblaze, EU Central region) and on the operator's encrypted workstation, which stays in the European Economic Area or Switzerland. Payment data is held by Stripe in the European Union and the United States. The infrastructure that runs the Service and stores its backups is subject to the law of member states of the European Union.

6. Access by governments outside the EU. Oneiros Vision protects Customer Data against access by foreign governments that would conflict with EU or member state law. It hosts in the EU; it encrypts backups on its own server, with a key no provider holds, before they leave it; it discloses data only where EU or member state law permits; it challenges unlawful requests; and it informs the Customer of any request unless the law forbids it.

7. Discontinuation or insolvency. If Oneiros Vision gives notice under clause 11.5 or stops trading, the Customer can export its data until the Service ends, and the data remains retrievable on request for at least 30 days after that.

Schedule 4: Acceptable Use and Notices

This Schedule gives effect to Articles 11, 12, 14, 16, 17 and 18 of Regulation (EU) 2022/2065 (the Digital Services Act), which apply to Oneiros Vision as a hosting service. It is not an online platform: nothing a Customer stores is shown to the public.

1. What may not be stored or done. The Customer does not store content that is illegal, infringes others' rights or carries malicious code; does not store special categories of personal data, client names or other personal data the Service does not need; does not access the Service in an abusive automated way; does not test or attack its security without written permission; and does not use it for the benefit of a sanctioned person.

2. How Oneiros Vision moderates. Oneiros Vision does not monitor Customer Data in general. It acts on notices, on the findings of its security controls (rate limits, lockouts and automated checks on uploads), and on orders of authorities. A person reviews every decision, and no content decision is taken by an algorithm alone. A decision may remove specific content, or suspend or end an Account under clauses 10 and 11. The affected Customer receives a statement of the reasons and may contest the decision by e-mail to contact@oneirosvision.com.

3. Points of contact. For the authorities of the member states, the European Commission and the European Board for Digital Services, and for customers and anyone else: contact@oneirosvision.com, in English or Romanian, or +40 748 910 049.

4. Notices of illegal content. Anyone may tell Oneiros Vision of content stored in the Service that they believe is illegal, by e-mail to contact@oneirosvision.com. The notice gives the reasons, the exact location, the notifier's name and e-mail address, and a statement that it is made in good faith and is accurate. Oneiros Vision confirms receipt, decides promptly and tells the notifier the outcome.

5. Criminal offences. Oneiros Vision tells the competent authorities at once of any information giving rise to a suspicion that a criminal offence involving a threat to the life or safety of a person has taken place, is taking place or is likely to take place.

TERMS & CONDITIONS, VERSION 1.2

Applies until 24 November 2026.

Last Updated: October 2026  |  Version: 1.2

1. Definitions

"Platform" refers to the Oneiros Vision quantitative risk analytics terminal, accessible via www.oneirosvision.com, operated by Oneiros Vision Research S.R.L., a company registered in Romania under registration number CUI 51610020 (trade register number J2025025914004), trading as Oneiros Vision ("Oneiros Vision", "OV", "we", "us", "our"). The change of the company's registered name to Oneiros Vision Research S.R.L. is being entered in the trade register; its registration code and trade register number stay the same, and these Terms bind the same legal entity before and after that change.

"Subscriber" refers to any individual or entity that creates an account on the Platform, whether on a free trial or paid subscription.

"Authorized User" refers to a regulated financial professional (e.g., Registered Investment Adviser, Portfolio Manager, Family Office Principal, or Fund Manager) acting in a professional or fiduciary capacity.

"Services" refers to all quantitative risk analytics, macro regime classifications, portfolio risk monitoring, execution blueprints, and related data outputs provided through the Platform.

"Subscription Term" refers to the duration of a Subscriber's active paid access to the Platform, whether monthly or annual.

2. Acceptance of Terms

By accessing, registering for, or using the Platform, the Subscriber acknowledges that they have read, understood, and agree to be bound by these Terms & Conditions. If the Subscriber does not agree, they must discontinue use of the Platform immediately.

These Terms constitute a legally binding agreement between the Subscriber and Oneiros Vision Research S.R.L. Registration on the Platform constitutes acceptance of these Terms in their entirety.

3. Service Description

Oneiros Vision is a quantitative macro risk monitoring and regime classification tool. It provides systematic signals based on macroeconomic data analysis for use by institutional and professional investors.

The Platform does not provide investment advice, investment recommendations, or solicitations to buy, sell, or hold any securities. No fiduciary, advisory, or client relationship is created between OV and any Subscriber. Subscribers are solely responsible for their own investment decisions.

Oneiros Vision is not registered as an investment adviser with any securities regulatory authority worldwide. All outputs are for informational and educational purposes only.

4. Subscription & Billing

4.1 Pricing Tiers: The Platform offers multiple subscription tiers, including but not limited to: Launch Catalyst (founding member rate), Professional Tier (standard monthly), and Preferred Annual. Current pricing is displayed on the Platform's Institutional Access & Pricing page and is denominated in Euros (EUR).

4.2 Payment Processing: All payments are processed securely through Stripe, Inc. OV does not store credit card numbers, CVV codes, or other payment card details on its servers. Subscribers authorize recurring charges at the frequency corresponding to their chosen tier.

4.3 Auto-Renewal: All subscriptions automatically renew at the end of each billing cycle (monthly or annually) at the then-current rate, unless cancelled by the Subscriber prior to the renewal date.

4.4 Price Changes: OV reserves the right to modify subscription pricing with a minimum of 30 days' written notice via email. Existing Subscribers will be notified before any price change takes effect on their next billing cycle.

5. Free Trial

New Subscribers may be eligible for a complimentary 14-day free trial providing full access to the Platform's Services. The trial begins at the time of account activation, when OV approves the registration, and expires automatically after 14 calendar days. OV e-mails a reminder three days before it expires and a notice when it has.

No payment information is required to initiate a free trial. Upon trial expiration, access to the Platform's analytical Services is restricted until a paid subscription is activated. No obligation to subscribe is created by the trial.

6. Cancellation & Refund Policy

6.1 Self-Service Cancellation: Subscribers may cancel their subscription at any time through the Stripe Billing Portal, accessible via their user profile within the Platform (Subscription & Billing → Manage / Cancel Subscription).

6.2 Access After Cancellation: Upon cancellation, the Subscriber retains full access to the Platform until the end of the current paid billing period. No pro-rated refunds are issued for the remaining days of a billing cycle.

6.3 Monthly Subscriptions: Monthly subscriptions may be cancelled at any time. Access continues through the end of the current monthly billing period.

6.4 Annual Subscriptions: Annual subscriptions may be cancelled at any time. Access continues through the end of the current annual billing period. Annual subscriptions are non-refundable after the first 14 days from the date of purchase, in accordance with EU consumer protection regulations.

6.5 Non-Payment: If a recurring payment fails (e.g., expired card, insufficient funds), OV will attempt to process the payment according to Stripe's retry schedule. If payment cannot be collected, the subscription will be set to expired and Platform access will be restricted until payment is resolved.

7. Account Suspension & Termination

7.1 By the Subscriber: Subscribers may delete their account at any time through the Platform's user profile settings. Account deletion is permanent and irreversible.

7.2 By Oneiros Vision: OV reserves the right to suspend or terminate any account, without prior notice, in the event of:

  • Violation of these Terms & Conditions
  • Misrepresentation of Authorized User status
  • Unauthorized redistribution, resale, or reproduction of Platform data or outputs
  • Attempts to reverse-engineer, scrape, or extract proprietary model logic
  • Non-payment of subscription fees beyond Stripe's retry period
  • Any activity that OV reasonably determines to be fraudulent or harmful

In the event of termination for cause, no refund will be issued for the remaining subscription period.

8. Intellectual Property

All content, data, algorithms, quantitative models, regime classification methodologies, user interface designs, branding, and documentation provided through the Platform are the exclusive intellectual property of Oneiros Vision Research S.R.L. and are protected by applicable copyright, trademark, and trade secret laws.

Subscribers are granted a limited, non-exclusive, non-transferable, revocable license to access and use the Platform's outputs solely for their own internal, professional risk monitoring purposes during the Subscription Term.

Prohibited: Redistribution, resale, sublicensing, public display, republication, or systematic extraction of any Platform data, analytics outputs, or proprietary model signals without prior written consent from OV.

9. Data Handling & Privacy

9.1 Data We Collect: OV collects the following categories of personal data in connection with the provision of Services:

  • Account Information: Full name, email address, firm name, professional attestation status
  • Authentication Data: Encrypted password hashes, two-factor authentication secrets, session tokens
  • Usage Data: Login timestamps, IP addresses, pages accessed, portfolio allocations entered by the Subscriber
  • Billing Data: Stripe customer ID and subscription status (credit card details are stored exclusively by Stripe, Inc. and are never accessible to OV)

9.2 How We Use Data: Personal data is used exclusively for:

  • Account authentication and security
  • Subscription management and billing
  • Platform functionality (e.g., portfolio risk calculations)
  • Security monitoring and fraud prevention
  • Communication regarding account status and service updates

9.3 Data We Do Not Sell: OV does not sell, rent, lease, or share Subscriber personal data with third parties for marketing or advertising purposes.

9.4 Data Retention: Upon account cancellation or expiration, OV retains Subscriber account data for up to 12 months to facilitate potential reactivation and comply with regulatory record-keeping requirements. Portfolio allocations are kept for 30 days after cancellation or expiration, so that a Subscriber who resubscribes finds them in place, and are then deleted. Subscribers may request complete data deletion at any time by contacting contact@oneirosvision.com.

9.5 GDPR Rights (EU Subscribers): In accordance with Regulation (EU) 2016/679 (General Data Protection Regulation), EU-based Subscribers have the right to:

  • Access their personal data held by OV
  • Request rectification of inaccurate data
  • Request erasure of their data ("right to be forgotten")
  • Object to or restrict certain processing activities
  • Request data portability in a machine-readable format

To exercise any of these rights, contact: contact@oneirosvision.com

10. Limitation of Liability

To the maximum extent permitted by applicable law, Oneiros Vision Research S.R.L., its officers, directors, employees, and affiliates shall not be liable for:

  • Any investment losses, trading losses, or financial damages arising from the use of or reliance upon Platform outputs
  • Interruptions, delays, or errors in data feeds or Platform availability
  • Inaccuracies in regime classifications, risk scores, or model outputs
  • Unauthorized access to Subscriber accounts due to compromised credentials
  • Any indirect, incidental, special, consequential, or punitive damages

The aggregate liability of OV for any claim arising from these Terms shall not exceed the total subscription fees paid by the Subscriber during the 12 months preceding the claim.

11. Indemnification

The Subscriber agrees to indemnify, defend, and hold harmless Oneiros Vision Research S.R.L. and its officers, directors, employees, and affiliates from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable legal fees) arising from:

  • The Subscriber's use of or reliance upon Platform outputs for investment decisions
  • Misrepresentation of Authorized User status
  • Violation of these Terms & Conditions
  • Infringement of any third-party rights through misuse of Platform data

12. Governing Law & Dispute Resolution

12.1 Governing Law: These Terms shall be governed by and construed in accordance with the laws of Romania and applicable European Union regulations, without regard to conflict of law principles.

12.2 Dispute Resolution: Any dispute arising from or relating to these Terms shall first be attempted to be resolved through good-faith negotiation between the parties for a period of 30 days. If unresolved, disputes shall be submitted to binding arbitration administered under the rules of the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania (CCIR).

12.3 Jurisdiction: For matters not subject to arbitration, the courts of Bucharest, Romania shall have exclusive jurisdiction.

12.4 Class Action Waiver: To the fullest extent permitted by law, any proceedings shall be conducted on an individual basis only. The Subscriber waives the right to participate in a class action, collective action, or representative proceeding.

13. Modifications to Terms

OV reserves the right to modify these Terms & Conditions at any time. Material changes will be communicated to Subscribers via email at least 30 days prior to taking effect. The "Last Updated" date at the top of this document will be revised accordingly.

Continued use of the Platform after the effective date of any modification constitutes acceptance of the revised Terms. If a Subscriber does not agree to the modified Terms, they must cancel their subscription and discontinue use of the Platform.

14. Contact Information

For questions regarding these Terms, billing inquiries, data requests, or legal matters:

Oneiros Vision Research S.R.L. (trading as Oneiros Vision)
Registration number: CUI 51610020
Email: contact@oneirosvision.com
Website: www.oneirosvision.com
Romania: +40 748 910 049
Switzerland: +41 77 807 46 17 (English)