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About The Index License


The intellectual property rights and any other rights in the indexes published by Nomura Securities Co., Ltd. (NSC) belong to NSC. All the indexes users are requested to note the following index licenses before using the indexes, regardless of the channel through which indexes/data is acquired (NSC website, services via information vendors, etc).

The Index data license
The users need to enter into the data license agreement with Nomura Research Institute, Ltd. (NRI) in the following usage referring to the data related to our index(es) regardless of the data contents (index values, components, etc.).
  *Use the historical data
  *Use the data regularly
  *Use the data for external documents
  *Distribute the data for 3rd parties
  *Publish the data on web-sites

The index brand license
The users need to enter into the brand license agreement with NSC in addition to the NRI data license agreement in the following usage linked or referenced to our index(es).
  *Use for commercial purpose in information materials
  *Link or refer for asset management
  (including mutual fund management, management under discretionary investment contract,
  management for the other financial instruments, e.g., derivatives such as options and swaps,
  and proprietary trading, etc.)
  *Use for calculating composite index(es) and customized index(es)

NSC has decided to outsource the index brand licensing procedure to NRI from January, 2019. The existing license agreements with NSC do not need any change for this outsourcing.

Concerning the indexes calculating in cooperation with other copyright owners, please kindly contact below.

Nomura Securities Co., Ltd.
Global Research Division, Financial Engineering & Technology Research Center
Index Operations Dept.
Telephone: +81-(0)3-6703-3986

Nomura Research Institute Ltd.
Investment Information Systems Business Department
Telephone: +81-(0)45-613-7200

Fees and risks : Users investing in the financial products mentioned on this Site or related sites may incur fees and commissions specific to those products. In addition, all products carry the risk of losses owing to price fluctuations or other factors. The fees/commissions and risks for the products and services on the pages within this Site are shown in materials on this Site or related sites or are available via links displayed on each page. Users are asked to thoroughly read the relevant pages. Reports issued prior to 30 September 2019 do not reflect the current consumption tax rate. Users should be sure to refer to the Risk and Commission section of this Site.

Any information on our Web Pages may be changed without prior notification. Nomura Securities Co., Ltd. does not guarantee the accuracy of the information on our Web Pages, and is not liable for any loss or damage, arising from the use of the information.

Nomura Securities Co., Ltd.
Financial instruments firm registered with the Kanto Local Finance Bureau (registration No. 142) Member associations: Japan Securities Dealers Association; Japan Investment Advisers Association; The Financial Futures Association of Japan; and Type II Financial Instruments Firms Association.