What HICS is: and what HICS is not

We publish HICS to provide transparency regarding our internal processes and to provide a resource to support professional advisers in meeting their regulatory research and due diligence responsibilities: but it is important that professional advisers using HICS understand what HICS is: and what HICS is not.  

  What HICS is:

• We developed HICS (at Tempo) for internal purposes in order to aid us in analysing, assessing, understanding and comparing issuers / counterparties, to help us identify strong issuers / counterparties.
• The widely recognised measures and indicators of financial strength / credit risk and scoring system support and can provoke detailed and objective analysis, assessment, understanding and comparison of issuers / counterparties.

  What HICS is not:

• HICS is not independent research or an investment recommendation.
• We do not provide any warranty regarding the HICS, the data, its methodology, weighting or scoring: and we expressly exclude any liability for any judgement or interpretation based upon or influenced by HICS.
• Professional advisers should reach their own judgement of issuer / counterparty financial strength / credit risk.
• The scoring system within HICS ‘ranks’  issuers / counterparties, but professional advisers should understand that this is not the intended purpose of HICS per se: the purpose of HICS is to support and provoke objective analysis, assessment understanding and comparison of issuers / counterparties.