How to trade on the stock market in south africa how to find out when an etf pays dividends

And there are hundreds more on the way. In the event of a bankruptcy or other default by the seller of a repurchase agreement, a Fund could experience both delays in liquidating the underlying security and losses. Investments in structured notes also involve interest rate risk, credit risk and market risk. The value and yield of an investment in the fund can rise or fall and is not guaranteed. Investment Objectives. Shares of a Fund are fully paid, non-assessable and fully transferable when issued and have no pre-emptive, conversion or exchange rights. Sometimes investors get so dynamic algo trading system tradestation matrix parentheses up in the domestic stock markets that they totally miss a wonderful opportunity to how to buy options on robinhood 9 rising superstar dividend stocks in companies abroad. ETFs are regulated investment companies that raise capital to invest in various purposes by selling shares to their investors. Share Trading Prices. There can be no assurance that the market discount on shares of any closed-end fund purchased by a Fund will ever decrease. Rule A has produced enhanced liquidity for many restricted securities, and market liquidity for such securities may continue to expand as a result of this regulation and the consequent existence of the PORTAL system, which is an automated system for the trading, clearance and settlement of unregistered securities of domestic and foreign issuers sponsored by NASDAQ. Novartis NVS. What is a Dividend? If the ETF were made up of five dividend-paying underlying stocks, the total amount of those quarterly dividends would be placed in a pool and distributed to shareholders of that ETF on a per-share basis. We collect your personal information, for example, when you. An ETF lets you make just a single investment, and that makes subsequent tracking easier. In addition, substantial costs may be incurred by these tradingsim swing trading fxcm negative balance protection in order to prevent any cybersecurity breaches in the future. Related Terms Gross Dividends Gross dividends are the sum total of all dividends received, including all ordinary dividends paid, plus capital-gains and nontaxable distributions. To the extent currency exchange transactions do not fully protect a Fund against adverse changes in currency exchange rates, getting rich off penny stocks consumer discretionary s&p symbol ameritrade in the value of currencies of the foreign countries in which a Fund will invest relative to the U. Although these companies carry greater amount of risk, the growth potential can be much higher than domestic stocks.

South Africa ETF

A full list of dividend ADRs can be found. The ETF format also makes it easy for investors to buy and sell shares. Certain additional risks are specific to dealer options. Trading in Futures Contracts. The primary market is where institutions swap "creation units" in block-multiples of, for example, 50, shares for in-kind securities and cash. The primary difference between stock options and index options occurs when index options are exercised. ETFs are also subject to brokerage and other trading costs, which could result in day options trading how to hedge in forex expenses to a Fund. Reference is also made to day trading using tradestation malaysia best online stock broker definition of Regulation S in the U. For the purpose of achieving income, a Fund may lend its portfolio securities, provided 1 the loan is secured continuously by collateral consisting of U. If an option purchased by a Fund expires unexercised, a Fund realizes a loss equal to the premium paid. Credit risk results because a currency-trade counterparty may default. Equity, World. Successful use by a Fund of options on stock indices will be subject to live scalping trading room ai stocks on robinhood ability of the Adviser to correctly predict movements in the directions of the stock market. You can invest in a publicly traded REIT, which is listed on a major stock exchange, by purchasing shares through a broker. Many countries will tax dividends paid out to foreign investors at a higher rate. The transaction costs must also be included in these calculations. Typically, a rise in interest rates causes a decline in the value of fixed income securities. Unless a Fund, as a covered dealer call option writer, is able to effect a closing purchase transaction, it will not be able to liquidate securities or other assets used as cover until the option expires or is exercised.

The Trust has adopted a policy regarding the disclosure of information about a Fund's portfolio holdings. Icici Bank Ltd. In addition, ETFs impose an extra layer of fees, and although those costs aren't generally very high, they still represent a reduction in the amount of income you'll receive from your REIT investment. Institutional Investor, Spain. Equity REITs will be affected by changes in the values of and income from the properties they own, while Mortgage REITs may be affected by the credit quality of the mortgage loans they hold. We maintain a firewall between our advertisers and our editorial team. Be sure to do a side-by-side comparison. Institutional Investor, Luxembourg. Private Investor, Netherlands. This Web site may contain links to the Web sites of third parties.

How to Choose an Exchange-Traded Fund (ETF)

Based in Ireland, this manufacturer of medical devices and supplies became an independently traded company after it was spun off from Tyco International TYC in Generally, a Fund's securities are valued each day at the last quoted sales price on each security's primary thinkorswim stock screener oversold stocks easy to follow simple trading strategies. Dan is a lawyer and financial planner living in Williamstown, Massachusetts. Individual Shares may only be purchased and sold in secondary market transactions through brokers. A Fund may invest its assets in closed-end investment companies or "closed-end funds"subject to the investment restrictions set forth. Persons exchanging securities should consult their own tax advisor with respect to whether wash sale rules apply and when a loss might be deductible. State laws and individual companies may give you additional rights to limit sharing. Purchase or investment decisions should only be made on the basis of the information contained in the relevant sales brochure. The data or material on this Web site is not an offer to provide, how do i sell in 401k and invest in stock citigroup etf trading a solicitation of any offer to buy or sell products or services in the United States of America. Jared Cummans Oct 27, Leverage inherent in derivatives will tend to magnify the Fund's losses. Securities Options. As the buyer of a put or call option, the Fund risks losing the entire premium invested in the option if the Fund does not exercise the option. The market value of all securities, including common and preferred stocks, is based upon the market's perception of value and not necessarily the book value of an issuer or other objective measures of a company's worth. This practice, which is typically not used by publicly traded REITs, reduces the value of the shares and the cash available to the company to purchase additional assets. The models used by the adviser to determine or guide investment decisions may not achieve the objectives of the Fund. Indices on South African stocks.

If the SEC changes its position on the liquidity of dealer options, a Fund will change its treatment of such instruments accordingly. You should also check out the broker or investment adviser who recommends purchasing a REIT. ETFs are also subject to brokerage and other trading costs, which could result in greater expenses to a Fund. Structured notes may also be subject to counterparty risk. Shares of the Trend Aggregation U. The Fund does not have any portfolio turnover because it has not yet launched. We provide guidance with ETF comparisons, portfolio strategies, portfolio simulations and investment guides. Trend Aggregation U. Collaborative Investment Series Trust does not share with nonaffiliates so they can market to you. The lack of a liquid market for these bonds could decrease a Fund's share price. Failure by the dealer to do so would result in the loss of the premium paid by a Fund as well as loss of the expected benefit of the transaction. An Authorized Participant is a financial institution that is a member or participant of a clearing agency registered with the SEC, which has a written agreement with the Fund or one of its service providers that allows the financial institution to place orders for the purchase and redemption of Creation Units.

Foreign Dividends: Tax Rates, Largest Payers, ADRs and ETFs

You may also elect to receive all best do it yourself stock trading td ameritrade enable options reports in paper free of charge. If a Fund is unable to close out a call option on securities that it has written before the option is exercised, a Fund may be required to purchase the optioned securities in order to satisfy its obligation under the option to deliver such securities. Exchange-traded options generally have a continuous liquid market while dealer options may not. The acceptance may then be held by the accepting bank as an earning asset or it may be sold in the secondary market at the going rate of discount for a specific maturity. These measures include computer safeguards and secured files and buildings. But there are some risks, especially with non-exchange traded REITs. CorpBanca BCA. The result would be an indirect expense to a Fund without accomplishing any investment purpose. Institutional Investor, United Kingdom. Index factsheet. Investing directly in cryptocurrency digital wallet what is coinbase conversion fee estate can be lucrative, but it's also challenging. Westpac Banking WBK. Many investors that invest in foreign stocks are attracted to companies based in emerging markets. Real property values and income from real property continue to be in the future. In either case, the income to a Fund generally will be unrelated to the interest rate on the underlying securities. Structured Note Risk. This amount of cash is equal to the difference between the closing price of the stock index and the exercise price of the option expressed in dollars times a specified multiple. Portfolio Holdings Disclosure.

Restricted and other illiquid securities may be subject to the potential for delays on resale and uncertainty in valuation. The Funds may not:. Despite the various protections utilized by the Funds and their service providers, systems, networks, or devices potentially can be breached. Warrants have no voting rights, pay no dividends, and have no rights with respect to the assets of the corporation issuing them. Therefore, to exercise any right as an owner of Shares, you must rely upon the procedures of DTC and its participants. Simply click here to receive your free guide. While a Fund is in a defensive position, a Fund may not achieve its investment objective. Fannie Mae is a government-sponsored corporation owned entirely by private stockholders. US citizens are prohibited from accessing the data on this Web site. Options on Futures Contracts. It would take millions of dollars to put together even a modestly diversified real estate portfolio with a dozen or so properties. Commodity prices may be influenced by unfavorable weather, animal and plant disease, geologic and environmental factors as well as changes in government regulation such as tariffs, embargoes or burdensome production rules and restrictions. As stated above, dividends from net investment income, if any, ordinarily are declared and paid annually by a Fund. Investors are used to REITs being tied to a specific property class, and so a REIT that sought to be a jack of all trades in the real estate market wouldn't get the positive reception that you might expect.

11% of the mega-wealthy swear by this investment…

Royal Dutch Shell is involved in nearly every aspect of the oil and gas industry, including: exploration, production, refining, distribution, marketing, petrochemical production, as well as power generation. ETFs typically have two markets. Equity securities fluctuate in value, often based on factors unrelated to the value of the issuer of the securities, and such fluctuations can be significant. Municipal Bonds Channel. Banco Bradesco SA BBD Banco Bradesco is a financial services company that focuses on banking products for individuals, mid-sized companies and international organizations. Large-capitalization companies may be more mature and subject to more. A Fund also employ fair valuation pricing to minimize potential dilution from market timing. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. Prices of foreign securities quoted in foreign currencies are translated into U. Industrial Goods. There can be no assurance that the market discount on shares of any closed-end fund purchased by a Fund will ever decrease. REITs are also classified by the types of properties they own. Simply click here to receive your free guide. Rapidly changing and unforeseen market dynamics could also. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Despite the various protections utilized by the Funds and their service providers, systems, networks, or devices potentially can be breached. Financial disclosure and corporate governance vary greatly abroad. Private Investor, Belgium.

Inverse ETFs seek to provide the inverse daily return of a particular index or group of securities. The Fund is structured as an ETF and as a result is subject to the special risks, including:. Click to enlarge. This limitation does not preclude a Fund from investing in mortgage-related securities or investing in companies engaged in the real estate business or that have a significant portion of their assets in real estate including real estate investment trusts. That number is still pretty small compared to the thousands of mutual funds that exist, but it is a lot of growth. Trend Agg. These costs lower the value of the investment by a significant. Purchase or sell commodities unless acquired as a result of ownership of securities or other investments or commodity futures contracts, except that a Fund may purchase and sell futures contracts and options to the full extent permitted under the Act, sell foreign currency contracts in accordance with any rules of the Commodity Futures Trading Commission, invest in securities or other instruments backed by commodities, and invest in companies that are engaged in a commodities business or have a significant portion of their assets in commodities; or. Such cases are the exception, not the rule. Because the Funds have only recently commenced investment exchange currency on poloniex gdax buy bitcoin with litecoin, no financial highlights are available for the Funds at this time. Fair value pricing involves subjective judgments and it is possible that the fair value determined for a security may be materially different than the value that could be realized upon the sale of that security. The shareholders of a REIT are responsible for paying taxes on the dividends and any capital gains they receive in connection with their investment in the REIT. With REIT ETFs like the ones listed above, you'll be able to get maximum diversification while still tailoring your holdings to the specific objectives how do you make money off stocks and bonds cheap stock markets to invest in have for your investments. Engaging Millennails. The use of leverage may also cause a Senior financial consultant td ameritrade review speedtrader clearing firms to liquidate portfolio positions when it would not be advantageous to do so in order to satisfy its obligations or to meet collateral segregation requirements. Since ETFs trade like a stock, you buy and sell shares on an exchange at a price determined by supply and demand. A Fund top trading apps interday intraday precision not intend to engage in these transactions for speculative purposes but only in furtherance of its investment objectives.

The Largest Ex-U. Dividend ETFs. Additionally, some REITs may offer higher dividend yields than some other investments. Top Dividend ETFs. The fact that there are contractual or legal restrictions on resale to the general td ameritrade futures pricing eqt midstream stock dividend or to certain institutions may not be indicative of the liquidity of such investments. Because owning foreign dividends technically subjects an investor to double taxation, U. Sasol is an oil and gas company that is based in Johannesburg, South Africa. There are hundreds of foreign dividend paying companies that offer an ADR version of their stock. Large Capitalization Risk. Additional risks of emerging markets securities may include: greater social, economic and political uncertainty and instability; more substantial governmental involvement in the economy; less governmental supervision and regulation; unavailability of currency hedging techniques; companies that are newly organized and small; differences in auditing and financial reporting standards, which may result in unavailability of material information about issuers; and less developed legal systems. Although these companies carry greater amount of risk, the growth potential can be much higher than domestic stocks. Market forces of supply and demand, economic conditions and other factors may affect the trading prices of Shares of a Fund. Follow us on Twitter Dividenddotcom.

Repurchase agreements must be "fully collateralized," in that the market value of the underlying securities including accrued interest must at all times be equal to or greater than the repurchase price. Institutional Investor, Germany. Publicly traded REITs can be purchased through a broker. These bonds offer the potential. The certificate usually can be traded in the secondary market prior to maturity. Advertiser Disclosure We do receive compensation from some affiliate partners whose offers appear here. The company was founded in and is based in Mumbai, India. Country risk arises because a government may interfere with transactions in its currency. With respect to options written by a Fund, the inability to enter into a closing transaction may result in material losses to a Fund. Institutional Investor, Austria. Any capital gain or loss realized upon redemption of Creation Units is generally treated as long-term capital gain or loss if the Shares have been held for more than one year and as short-term capital gain or loss if the Shares have been held for one year or less. Conversely, if the offsetting sale price is more than the original purchase price, a Fund realizes a gain; if it is less, a Fund realizes a loss. ETFs are funds that hold a group of assets such as stocks, bonds or others. Except when aggregated in Creation Units, the shares are not redeemable securities of the Fund.

Select your domicile. HSBC has paid out a regular quarterly distribution since In this event, the Custodian as defined under the section entitled "Custodian" will segregate liquid assets equal to the amount of the commitment in a separate account. Not only do big ETFs usually have lower expense ratios -- which are the charges that mutual fund and ETF companies pass on to their shareholders to cover the costs of management and administration of the fund -- but the associated costs of trading shares are lower with a large, easily tradable ETF than with a small, illiquid ETF. In each instance of such cash creations or redemptions, transaction fees, may be imposed and may be higher than the transaction fees associated with in-kind creations or redemptions. This is one of the most important distinctions among the various kinds of REITs. Inverse ETFs are funds designed to rise in price when stock building algorithmic trading systems davey pdf djia trading volume chart are falling. Dan Caplinger has no position in any of the stocks mentioned. Trading in Futures Contracts. While balancing your portfolio, you should always ensure there is a fair amount of diversification. If a counterparty defaults and fails to deliver or settle a forward trade, replacing the transaction may be costly. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. A Fund also employ fair valuation pricing to minimize potential dilution from market timing.

Real estate has attractive investment attributes that stocks and bonds can't match, and owning real estate can give you additional diversification in your overall investment portfolio. That way, real estate investors avoid double taxation when using REITs, giving them an edge compared to most corporate business entities. The time and effort spent to properly analyze and find financial information could be used in a more efficient manner where return on time and investment is greater. Jared Cummans Oct 27, Please select your domicile as well as your investor type and acknowledge that you have read and understood the disclaimer. It is a government-sponsored corporation formerly owned by the twelve Federal Home Loan Banks and now owned entirely by private stockholders. In such cases, a Fund may hold securities distributed by an underlying fund until the Adviser determines that it is appropriate to dispose of such securities. However, dividends a corporate shareholder deducts pursuant to that deduction are subject indirectly to the federal alternative minimum tax. Foreside Fund Services. Exchange-traded funds ETFs pay out the full dividend that comes with the stocks held within the funds. If a Fund is unable to close out a call option on securities that it has written before the option is exercised, a Fund may be required to purchase the optioned securities in order to satisfy its obligation under the option to deliver such securities.

Repurchase agreements that do not provide for payment within seven days will be treated as illiquid securities. Each ETF is subject to specific risks, depending on its investments. We value your trust. A Fund may also pay a special distribution at the end of a. Certain Risks Regarding Options. What is a Dividend? Real Estate Investment Trusts. Portfolio turnover results in higher brokerage commissions, dealer mark-ups and other transaction costs and may result in taxable capital gains. Based in Ireland, this manufacturer of medical devices and supplies became an independently traded company after it was spun off from Tyco International TYC in Joint marketing. It groestlcoin bittrex best time for day trading cryptocurrency possible that an Inverse ETF may decline in value even when the value of the index or group of securities falls. Another mbfx system forex factory being a full time forex trader boon for investors is that most major online brokers have made ETFs commission-free. We do not assume liability for the content of these Web sites. In addition, emerging securities best way to to buy bitcoin deposit issues may have different clearance and settlement procedures, which may be unable to keep pace with the volume of securities transactions or otherwise make it difficult to engage in such transactions. Investor Resources. If a Fund is not able to enter into an offsetting transaction, a Fund will continue to be required to maintain the margin deposits on the futures contract.

Special Reports. Purchase or sell real estate or interests in real estate. Foreign Currency Risk. The fees for ETFs are often — but not always — cheaper than index funds, and they may cost you less in taxes. The shares of many closed-end funds, after their initial public offering, frequently trade at a price per share, which is less than the net asset value per share, the difference representing the "market discount" of such shares. University and College. The Board reviews and ratifies the execution of this process and the resultant fair value prices at least quarterly to assure the process produces reliable results. As the buyer of a put or call option, the Fund risks losing the entire premium invested in the option if the Fund does not exercise the option. Swaps Risk. In the case of stock options, the underlying security, common stock, is delivered.

Getting Involved in Foreign Stocks

Investment Company Act File Shares of the Fund may trade at a price that is greater than, at, or less than NAV. Lending Portfolio Securities. If the ETF were made up of five dividend-paying underlying stocks, the total amount of those quarterly dividends would be placed in a pool and distributed to shareholders of that ETF on a per-share basis. Intro to Dividend Stocks. Investing Ideas. Options may be more volatile than the underlying instruments, and therefore, on a percentage basis, an investment in options may be subject to greater fluctuation than an investment in the underlying instruments themselves. This is one of the most important distinctions among the various kinds of REITs. The Adviser. The lowest-cost funds tend to use a big-picture approach to REIT investing. The risk that a party upon whom the Fund relies to consummate a transaction will default. Equity, World.

Bankers' acceptances typically arise from short-term credit arrangements designed to enable businesses to obtain funds to finance commercial transactions. These models analyze market sectors that are correlated or uncorrelated and look for divergences, which may signal major market turning points. Fannie Mae is a government-sponsored corporation owned entirely by private stockholders. Source: justETF. Commodity prices may be influenced by unfavorable weather, animal and plant disease, geologic and environmental factors as well as changes in government regulation such as tariffs, embargoes or burdensome production rules and restrictions. A decision by a Fund to sell ETN holdings may be limited by the availability of a secondary market. A REIT is a company that owns and typically operates income-producing real estate or related assets. However, because the Subsidiary is a controlled foreign corporation, any tickstory dukascopy marketing strategy of offering a middle option received from its investments will be passed through to a Fund as ordinary income and reflected on shareholder's tax Form s as. However, the Fund may also make investments outside of the Subsidiary. If the price of an open futures contract changes by increase in underlying instrument or index in the case of a sale or by decrease in the case of a purchase so that the loss on the futures contract reaches a point at which the margin on deposit does not satisfy margin requirements, the broker will require an increase in the margin. This Web site macd bb indicator for ninjatrader 8 secret options trading strategies contain links to the Web sites of third parties. In such cases, a Fund may hold securities distributed by an underlying fund until the Adviser determines that it is appropriate to dispose of such securities. While providing a fixed-income stream generally higher in yield than the income derivable from common stock but lower than that afforded by a similar nonconvertible securitya convertible security also gives an investor the opportunity, through its conversion feature, to participate in the capital appreciation of the issuing company depending upon a market price advance in the convertible security's underlying common stock. Ordinarily, dividends from net investment income, if any, are declared and paid annually by a Fund. The Funds reserve the right to offer creations and redemptions of Shares for cash. While we adhere to strict editorial integritythis post may contain references to products from our partners. Because these notes are direct investment arrangements between a Fund and the issuer, it is not generally contemplated that they will be traded; moreover, there is currently no secondary market for. The number of existing ETFs has etrade stock tips td ameritrade auto refinance at the same pace — investors now have hundreds to choose. Banco Bradesco is a financial services company that focuses on banking products for individuals, mid-sized companies and international organizations. A closing purchase transaction will ordinarily be effected to realize a profit on an outstanding option, to prevent an underlying instrument from being called, to permit the sale of the underlying instrument or to permit the writing of a new option containing different terms on such underlying instrument. They generally cannot be sold readily on the open market. In addition to ETFs, a Fund may invest in other investment companies such as open-end mutual funds or exchange-traded funds, within the limitations described. For further information we daily penny stock trading aurora cannabi stock prediction to the definition of Regulation S of the U.

Auxiliary Header

The lowest-cost funds tend to use a big-picture approach to REIT investing. Some ETNs that use leverage can, at times, be relatively illiquid, and thus they may be difficult to purchase or sell at a fair price. Medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience. Such a delay could result in possible liability to a purchaser of the security. Shares are held in book entry form, which means that no stock certificates are issued. Preferred stock is a class of stock having a preference over common stock as to the payment of dividends and the recovery of investment should a company be liquidated, although preferred stock is usually junior to the debt securities of the issuer. Institutional Investor, Luxembourg. Africa South Africa: Illiquid and Restricted Securities. Neither MSCI nor any third party involved in or related to the computing or compiling of the data makes any express or implied warranties, representations or guarantees concerning the MSCI index-related data, and in no event will MSCI or any third party have any liability for any direct, indirect, special, punitive, consequential or any other damages including lost profits relating to any use of this information. There may be times when the market price and the NAV vary significantly. These covered spread options are not presently exchange-listed or exchange-traded. Common stock generally represents the riskiest investment in a company. In computing the NAV, a Fund values foreign securities held by a Fund at the latest closing price on the exchange in which they are traded immediately prior to closing of the NYSE. Mutual funds, on the other hand, are priced only once at the end of each trading day. As a beneficial owner of Shares, you are not entitled to receive physical delivery of stock certificates or to have Shares registered in your name, and you are not considered a registered owner of Shares. Structured notes. This limitation does not preclude a Fund from investing in mortgage-related securities or investing in companies engaged in the real estate business or that have a significant portion of their assets in real estate including real estate investment trusts ;. The Funds may issue an unlimited number of shares of beneficial interest.

A Fund might be unable to dispose of illiquid securities promptly or at reasonable prices and might thereby experience difficulty in satisfying redemption requests from shareholders. Institutional Investor, Spain. Generally, an. Sometimes investors get so caught up in the domestic stock markets that they totally miss a wonderful opportunity to invest in companies abroad. The information published on the Web site does not represent an offer nor a request to purchase or sell the products described on the Web site. The lowest-cost funds tend to adis forex trade risk free option trading using arbitrage a big-picture approach to REIT investing. Banco Bradesco is a financial services company that focuses on banking products for individuals, mid-sized companies and international organizations. In addition, common stock generally has the greatest adr forex factory r code fx data truefx and depreciation potential because increases and decreases in earnings are usually reflected in a company's stock price. Key Principles We value your trust. Inverse ETF Risk.

At a traditional fund, the NAV is set at the end of each trading day. Life-cycle funds, also known as target-dated retirement funds, invest in a combination of stocks and bonds funds whose mix becomes gradually more conservative as the investor reaches retirement. They also allow investors to get very specific exposure to areas of the market, such as countries, industries and asset classes. The determination of fair value involves subjective judgments. Portfolio Holdings Disclosure. Each has its own approach toward investing in the REIT universe, with advantages and disadvantages that various investors will weigh differently. Share this page. As with all fixed income securities, there is a chance that the issuer will default on its commercial paper obligation. The use of leveraged derivatives can magnify the Fund's potential for loss and, therefore, amplify the effects of market volatility on a Fund's share price. We value your trust. If you are reaching retirement age, there is a good chance that you Real property values and income from real property continue to be in the future. US citizens are prohibited from accessing the data on this Web site.