This product addendum (“Addendum”) forms part of the master license agreement between Macrobond Financial AB (“Macrobond”) and the Customer named below and sets forth the licensing terms governing Customer’s use of the Macrobond AI Data Feed Service. The effective date of this Addendum is the effective date of the Agreement or, if executed separately, the date of the last signature of this Addendum (“Effective Date”). Capitalized terms not defined in this Addendum will have the meanings given to them in the Agreement.
1.Definitions
AI Data Feed Service means expressly designated Macrobond Data that Customer may access through the Data Feed Service and use with Generative AI Systems. In each instance that reference is made to “Product” in the Agreement, each such instance shall also include and refer to AI Data Feed Service, as applicable, including for the avoidance of doubt as referred to in the provisions set forth below.
AI Outputs means any narrative, textual, analytical or visual content produced by a Generative AI System using, referencing, or incorporating Macrobond Data provided through the AI Data Feed. AI Outputs do not constitute Data, Derived Data or Customer Output, but may be treated as Customer Output for redistribution purposes where expressly permitted under this Addendum.
Data Feed Service means Macrobond proprietary API data feed service as identified in an applicable Order Form through which Customer may access Data, Customer Output, Third-Party Software & Dataset(s) and other functionalities, as applicable.
Generative AI System means any artificial intelligence model or system capable of generating, summarising, transforming or analysing content through natural language, conversational interfaces, embeddings, vector search, transformer-based architectures, or any other generative, NLP, or LLM-based methodologies.
Permitted Metadata means a limited subset of non-structural metadata strictly necessary to identify and understand an individual time series at a descriptive level, consisting solely of: (a) series name or short description; (b) geographic reference at the country or region level (excluding internal or hierarchical geography codes); (c) frequency and units of measure; (d) observation date or period labels; and (e) source attribution at a high level (e.g., “National Statistics Office”), and expressly excluding any taxonomy, classification system, hierarchy, relationship mapping, internal identifiers, grouping logic, methodology descriptions, MBDoc structures, or any metadata capable of enabling reconstruction, inference, or approximation of Macrobond’s proprietary data models or Products.
Macrobond Data means any Macrobond time series or other raw data, including related metadata curated or created and provided by Macrobond to Customer through the Products.
MBDoc(s) means Macrobond’s proprietary structured document format that encodes methodology, calculations, chart definitions, metadata, and associated structures applied to underlying data series.
2.Licence Grant and Use
2.1 In addition to the rights granted under the Agreement and subject to the terms of this Addendum and the Agreement, Macrobond grants Customer a limited, non-exclusive, non-transferable and non-sublicensable licence to use the AI Data Feed Service for the following purpose only:
(a) use the AI Data Feed with Generative AI Systems for embedding models, LLMs, NLP interfaces, agent-based systems, and automated conversational systems;
(b) submitting the Macrobond Data (limited to numerical or categorical time-series values and the associated Permitted Metadata necessary to identify and interpret such series only) to the Generative AI Systems as prompts, context, embeddings, features or other model inputs;
(c) generate AI Outputs, which may be used internally in the ordinary course of Customer’s business, subject to the redistribution restrictions applicable to Derived Data and Customer Output under the Agreement; and
(d) within a managed, paid or enterprise Generative AI Systems that is (i) a private, single-tenant enterprise deployment of an AI vendor expressly configured to prevent data retention, model learning or vendor access; or (ii) exclusively within the Customer’s controlled infrastructure (including on-premise, private cloud or Customer-managed VPC).
3.License Use Restrictions
3.1 Notwithstanding the license restrictions under the Agreement, Customer shall not, and shall not allow a Designated User or third party to:
(a) alter, translate, reverse engineer, decompile, decrypt or disassemble the Macrobond Data or otherwise attempt to derive or determine the source code, other proprietary information, or trade secrets from the Macrobond Data;
(b) submit any Macrobond taxonomy, classification system, metadata hierarchies, MBDoc structures, chart definitions, methodology, or any other content capable of enabling reconstruction of the Macrobond terminal, database, or other Products.
(c) train, fine-tune, or benchmark the Generative AI System on Macrobond Data, either through reinforcement learning or product improvement, in a manner that enables extraction, recreation or inference of Macrobond Data or proprietary structures;
(d) use Macrobond Data to recreate, infer or approximate Macrobond proprietary metadata, taxonomies, MBDoc structures, methodologies, chart definitions or product functionality;
(e) combine Macrobond Data with other datasets to create a redistributable, commercial or substitute dataset that competes with Macrobond Data and/or the Products;
(f) create any service, model, workflow or output that replicates or substitutes the Products;
(g) expose Macrobond Data or permit unintended redistribution through handling of the output;
(h) use Macrobond Data with any Generative AI System in a manner that violates any applicable Data Provider restrictions;
(i) permit any vendor personnel from accessing or inspecting Customer submissions (except where legally required and under strict confidentiality);
(j) prevent configuration of the Generative AI System such that its data retention and model-learning features cannot be disabled; and
(k) submit any Macrobond Data, interaction, prompt or output to any public, consumer or unmanaged AI interfaces (including but not limited to chat.openai.com, claude.ai, bard.google.com or equivalent endpoints).
4.Customer Responsibilities and Obligations
4.1 Customer shall:
(a) implement access controls limiting use of Macrobond Data within Generative AI Systems to Designated User(s) only;
(b) maintain technical measures preventing extraction or reconstruction of Macrobond Data; and
(c) ensure all transfers of Macrobond Data to Generative AI Systems occur via encrypted channels (TLS 1.2+).
4.2 Where technically feasible, Customer shall include the following attribution on any external publication containing AI Outputs: “Source data: Macrobond (AI Data Feed)”
4.3 Customer acknowledges that Data Providers may impose additional restrictions on the use of Data Providers data with Generative AI Systems, therefore Customer shall ensure that it obtains and maintains all required licences and complies with all Data Provider terms.
4.4 Macrobond may monitor usage of the AI Data Feed Service at an aggregate and technical level for the purposes of: (a) ensuring compliance with this Addendum and the Agreement; (b) protecting the security and integrity of the Products and Macrobond Data; and (c) identifying anomalous or high-risk usage patterns. Such monitoring shall not include access to Customer prompts, inputs, or Customer Output, except where reasonably necessary to investigate a suspected breach and subject to appropriate confidentiality safeguards.
5.Termination
5.1 On notice to Customer Macrobond may:
(a) disable or withdraw any portion of the AI Data Feed if required by a Data Provider; or
(b) suspend or terminate access to the AI Data Feed Service if: (i) required by a Data Provider; (ii) Customer breaches the terms of this Addendum; (iii) Customer fails to remediate a breach or risk identified under Section 5.1(c), or (iv) Macrobond determines that Customer’s use of the AI Data Feed Service materially threatens the security or integrity of the Product(s).
(c) where Macrobond reasonably believes that Customer’s use of the AI Data Feed Service presents a heightened risk of non-compliance, misuse, or unintended exposure of Macrobond Data, Macrobond may, upon notice to Customer and without terminating the Agreement: (i) require Customer to provide information reasonably necessary to assess such use; (ii) require Customer to implement corrective or remedial measures within a specified timeframe; (iii) impose temporary or scoped technical restrictions on use of the AI Data Feed Service (including rate limits, feature limitations, or suspension of specific use cases); or (iv) suspend access to the AI Data Feed Service until such risk is mitigated.
5.2 Upon termination or expiration of all active Order Forms Customer shall (i) immediately cease all use (including internal use) of the AI Data Feed Service, Macrobond Data and Derived Data and (ii) delete all Macrobond, Derived Data and MBDoc’s.
6.Limitation of Liability
6.1 In no event will Macrobond be liable for Customer’s and/or Designated User(s) use of, or inability to use, the AI Data Feed Service.
7.Miscellaneous
7.1 This Addendum applies only to the AI Data Feed Service. All other Products, Data, Macrobond Data, metadata, MBDocs, Software and the Data Feed Services remain subject to Macrobond’s standard AI Acceptable Use Policy.
7.2 In the event of any conflict between this Addendum, the Agreement or an Order Form, the following order of precedence will apply: (1) an Order Form, (2) this Addendum and (3) the master license agreement (defined as “MSA or “Agreement”), only with respect to such conflict.
7.3 The parties have executed this Addendum effective as of the Effective Date above. This Addendum may be executed in counterparts, each of which shall be deemed to be an original, and together with the Agreement shall constitute one instrument.
7.4 This Addendum shall be governed by and construed in accordance with the governing law as stated in the Agreement.