Datasets:

Languages:
English
ArXiv:
License:
spgispeech / README.md
lhoestq's picture
lhoestq HF staff
fix task tags
9198826
|
raw
history blame
40.2 kB
metadata
annotations_creators:
  - expert-generated
language_creators:
  - found
language:
  - en
license:
  - other
multilinguality:
  - monolingual
pretty_name: SpgiSpeech
size_categories:
  - 1M<n<10M
source_datasets:
  - original
task_categories:
  - automatic-speech-recognition
extra_gated_prompt: >-
  Your access to and use of the information in the Kensho Transcript Dataset
  (the “Content”), which is provided by Kensho Technologies, LLC, a subsidiary
  of S&P Global, Inc., (“Kensho”), shall be governed by the following terms and
  conditions of usage (“Terms of Usage”). The Content may be accessed only by
  persons who have been authorized to use this Content pursuant to their
  acceptance and acknowledgement of these Terms of Usage (in each case, an
  “Authorized User”). By providing your electronic signature at the end of these
  Terms of Usage, you represent that you are an Authorized User and that you
  accept these Terms of Usage and agree to be bound by them.

  If you do not wish to be bound by these Terms of Usage, you must not use this
  Content. PLEASE READ THESE TERMS OF USAGE CAREFULLY BEFORE USING THIS CONTENT.

  Section 1  THE CONTENT

  1.1 The Content is provided for academic research purposes and internal use
  only and must not be used to: assemble or create a database; construct or
  facilitate the construction of products which compete with the Content;
  identify or attempt to identify or contact any individual; or link to another
  dataset.

  The Content, which is comprised of public earnings calls in audio and
  corresponding text format, and all accompanying derived products is
  proprietary to Kensho and its third-party content providers. You shall not
  modify the Content; create derivative works based on the Content, rewrite or
  reprocess the Content except as expressly provided herein. You must not
  publish, display, transfer or redistribute the Content or any portions or
  derivative versions thereof to anyone without prior written consent from
  Kensho. You agree not to contact Kensho or its affiliates concerning
  individuals whose information may be included in the Content.

  1.2 Disclaimer. Content to which you are provided access, either directly or
  indirectly, from or on this Content will not have been reviewed or monitored
  by Kensho, and Kensho cannot and does not guarantee or make any representation
  or warranty, either express or implied, as to the accuracy, validity,
  timeliness, completeness or continued availability of any such content.

  The Content is provided for your convenience only and is not a republication
  or reconfirmation of the opinion or information contained therein. The
  provision of the Content is without any obligation on the part of Kensho or
  its third-party content providers to review such or any liability or
  responsibility arising out of your use thereof. Kensho does not guarantee or
  make any representation or warranty, either express or implied, as to the
  accuracy, validity, timeliness, completeness or continued availability of any
  Content and shall not be liable for any errors, delays, or actions taken in
  reliance on information. In addition, the Content speaks only as of the date
  issued and is based on conference calls that may contain projections of other
  forward-looking statements. You should not rely on the Content as expressing
  Kensho’s opinion or as representing current information. None of Kensho or the
  third-party content providers has undertaken, and do not undertake any duty to
  update any Content or otherwise advise you of any changes in the Content.

  1.3 Ownership of Third-Party Content. You acknowledge that all proprietary
  rights in the Content that are owned by Kensho or third party content
  providers shall remain the property of Kensho or such third party content
  providers, and you shall have no right or interest in such third party content
  except the rights to use such third party content in accordance with these
  Terms of Usage. Any additional rights not granted herein shall require a
  separate, direct agreement with Kensho. You acknowledge that the Content and
  third party content as compiled, prepared, selected and arranged by Kensho or
  its third party content providers constitutes an expenditure of substantial
  time, effort and money by Kensho and its third party content providers and
  constitutes valuable commercial property and/or trade secrets of Kensho and
  such third party content providers. Kensho retains all rights and remedies
  afforded under the copyright, trademark, service mark, patent and other laws
  of the United States and the States thereof, including without limitation any
  laws designed to protect proprietary or confidential information. You agree
  that you will not remove or modify any copyright notice, disclosures,
  disclaimers or other notification or trade name or marks of Kensho or the
  third party content providers that may appear in the Content or third party
  content and that any permitted reproduction and/or distribution of the Content
  or third party content shall contain such notices and/or marks as they appear
  in the Content or third party content. You may not use Kensho’s or the
  third-party content providers’ name or trademarks without the prior written
  consent of Kensho or such third-party content providers. Apart from the rights
  granted hereunder, no conveyance of ownership, right, title or interest is
  intended herein. Any additional rights require a separate agreement with
  Kensho.

  1.4 Posted Guidelines. In addition to these Terms of Usage, when using this
  Content, you shall be subject to and agree to follow any posted notice,
  guidelines or rules, which may be posted and amended from time to time.
  Nothing on this Content shall be considered a recommendation or solicitation
  to buy or an offer to sell a security to any person in any jurisdiction.

  1.5 Registration Data. In consideration of your use of this Content, you
  and/or your employer agree to: (a) provide true, accurate, current and
  complete Registration Data (as defined below in Section 3.1) to Kensho as
  prompted by the registration form completed prior to accessing the Content and
  (b) maintain and promptly update the Registration Data and to keep the same
  true, accurate, current and complete.

  1.6 Right to Terminate User Access. Kensho reserves the right to limit,
  restrict and immediately terminate your access to and use of this Content at
  any time, in whole or in part, in its sole discretion and without notice.

  Section 2 - DISCLAIMER OF WARRANTY AND LIMITATION OF LIABILITY

  2.1 THE CONTENT IS PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT REPRESENTATION
  OR WARRANTY OF ANY KIND. USE OF THE CONTENT IS AT THE USER’S OWN RISK. IN NO
  EVENT SHALL KENSHO OR ITS THIRD-PARTY CONTENT PROVIDERS BE LIABLE FOR ANY
  DECISION MADE OR ACTION OR INACTION TAKEN IN RELIANCE ON ANY CONTENT,
  INCLUDING THIRD-PARTY CONTENT, INCLUDING YOUR HANDLING AND STORING OF THE
  CONTENT. KENSHO FURTHER EXPLICITLY DISCLAIMS, ANY WARRANTY OF ANY KIND,
  WHETHER EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF ORIGINALITY, ACCURACY,
  COMPLETENESS, TIMELINESS, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE
  AND NON-INFRINGEMENT. KENSHO EXPRESSLY DISCLAIMS, AND YOU WAIVE, ANY LIABILITY
  THAT MAY ARISE FROM YOUR PUBLICATION OR PROVISION OF THE CONTENT TO A THIRD
  PARTY, OR ANY REPRESENTATION OR WARRANTY MADE BY YOU TO ANY THIRD PARTY,
  WHETHER OR NOT RELATED TO THE CONTENT. KENSHO, SUPPLIERS OF THIRD-PARTY
  CONTENT AND ANY OTHER THIRD PARTY WORKING WITH KENSHO SHALL NOT BE RESPONSIBLE
  OR LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY DAMAGES OR LOSS (INCLUDING DIRECT,
  INDIRECT, INCIDENTAL, CONSEQUENTIAL AND ANY AND ALL OTHER FORMS OF DAMAGES OR
  LOSSES REGARDLESS OF THE FORM OF THE ACTION OR THE BASIS OF THE CLAIM) CAUSED
  OR ALLEGED TO BE CAUSED IN CONNECTION WITH YOUR USE OF THE CONTENT WHETHER OR
  NOT FORESEEABLE, EVEN IF KENSHO OR ANY OF THE SUPPLIERS OF THIRD-PARTY CONTENT
  OR OTHER THIRD PARTIES WORKING WITH KENSHO IN CONNECTION WITH THE CONTENT HAS
  BEEN ADVISED OF THE POSSIBILITY OR LIKELIHOOD OF SUCH DAMAGES.

  2.2 THE CONTENT IS NOT INTENDED TO PROVIDE TAX, LEGAL, INSURANCE OR INVESTMENT
  ADVICE, AND NOTHING IN THE CONTENT SHOULD BE CONSTRUED AS AN OFFER TO SELL, A
  SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY BY
  KENSHO OR ANY THIRD PARTY.

  2.3 For third party demands, claims, actions, proceedings and liability for
  losses, damages, reasonable legal costs and other reasonable expenses of any
  nature, you agree to defend, indemnify and hold Kensho and its affiliates
  harmless, including its respective directors, officers, employees and agents
  from and against all claims to the extent arising from your access to and/or
  use of the Content, any failure by you to abide by the Terms of Usage, or
  breach of applicable law.

  Section 3 - PRIVACY

  3.1 Access and Collection. In order to access this Content, during the
  registration process, either you or your employer will be required to provide
  Kensho with certain information; including your name, employer or academic
  institution, and e-mail address (“Registration Data”). In addition, when you
  request or view Content, Kensho may obtain user identifiable information
  related to your request of, or access to, such Content (“Access Data”). For
  example, while you are accessing this Content, our Web servers may recognize
  your: (a) domain name; (b) ISP’s domain name; (c) IP address; (d) browser
  type; and (e) operating system. If you contact us with a technical question,
  we may collect certain information about your systems, including: (a) your
  browser type, version and settings (e.g., Java and cookie settings); (b)
  connectivity information (e.g., SSL/HTTPS compatibility, bandwidth capacity);
  and browser plug-in information (e.g., do you have Adobe, what is your media
  player, can you open Flash files, etc.).

  3.2 Use of Your Information. Registration Data and Access Data may be used by
  Kensho for research and development purposes and to communicate with users and
  to troubleshoot any technical issues pertaining to the Content. You
  acknowledge that in the event that a separate agreement is required, Kensho
  may share Registration Data with its Affiliates (as defined below).

  3.3 Disclosure of Your Information. Except as otherwise noted herein, Kensho
  will not disclose, rent or sell personal information collected from or about
  you without your permission. For the purposes specified in the preceding
  paragraph, we may transfer or disclose Registration Data and Access Data to
  S&P Global Inc. and its affiliates (“Kensho Affiliates”) and third parties who
  are contracted to perform services on behalf of Kensho, such as those who
  assist Kensho in bringing you this Content and providing you with certain
  features and functionality included within or accessible via this Content. We
  may also disclose Registration Data and Access Data to Kensho Affiliates and
  third parties in connection with their providing you access to this Content.
  Disclosures to these third parties will be subject to confidentiality
  agreements and, where required, governed by contract. Kensho may also be
  required to disclose information to governmental, regulatory or
  self-regulatory entities or agencies in response to regulatory inquiries or to
  comply with applicable laws, rules, regulations, orders, subpoenas or other
  legal processes.

  3.4 Consent. By (a) agreeing to these Terms of Usage, or (b) by using this
  Content, and, in either case, providing any information that may be required,
  requested or otherwise collected by us as set forth above, you freely consent
  to Kensho processing your information in the United States and in other
  countries and territories for the purposes set out in these Terms of Usage,
  and you also consent to the transfer of your information for such purposes to
  any third party content provider wherever such entity may from time to time be
  located and to any third parties as described above and in accordance with
  applicable law and regulations. If you do not permit Kensho to collect any of
  your information or do not agree with any of the terms and conditions of these
  Terms of Usage, you should not use this Content and should exit this page
  and/or Content, as the case may be. If after registering with Kensho, you
  desire to withdraw the consent granted in this Section 3.4 for all future use
  of your information by Kensho, you must notify Kensho in writing at the
  address listed below in Section 3.8 and immediately cease use of this Content.

  3.5 Inquiries. If you have any questions regarding these Terms of Usage or
  your information that is held by us, please contact Kensho in writing using
  the contact information provided below. If we receive a request regarding your
  personal information held by us, we will use reasonable means to provide you
  with such information that we can reasonably compile. You will be given the
  opportunity to rectify any inaccuracies in such information.

  3.6 Encryption. Kensho may use encryption technology to protect certain
  transmissions of data to/from this Content, but e-mail and other
  communications, unless otherwise noted on this Content, are not encrypted
  to/from this Content. Therefore, you should not send any personal or
  identifying information, such as account numbers, credit card numbers, Social
  Security numbers, passwords, etc., to Kensho via e-mail. By utilizing e-mail
  or other electronic communication means you acknowledge that you have no
  expectation of privacy with respect to the information delivered thereby and
  that Kensho will not be responsible for any loss or damage that could result
  from interception by third parties of any information so sent.

  3.7 Contact Information. In the event you have any questions regarding these
  Terms of Use, this Privacy Statement or to make any requests or queries
  regarding your information that is held by us you may contact us in writing at
  [email protected] or Kensho Technologies LLC, Attn: General Counsel, 55 Water
  Street, New York, NY 10041.

  Section 4 - MISCELLANEOUS

  4.1 Entire Agreement. These Terms of Usage constitute the entire agreement of
  the parties hereto with respect to the subject matter hereof and supersede all
  prior agreements and undertakings, both written and oral, between the parties
  with respect to the subject matter hereof.

  4.2 Severability. If any term or other provision of these Terms of Usage is
  invalid, illegal or incapable of being enforced by any law or public policy,
  all other terms and provisions of these Terms of Usage shall nevertheless
  remain in full force and effect so long as the economic or legal substance of
  the transactions contemplated hereby is not affected in any manner materially
  adverse to any party.

  4.3 Governing Law; Forum. These Terms of Usage shall be governed in all
  respects by the laws of the State of New York, and any litigation arising out
  of or connected in any way with these Terms of Usage shall take place in a
  State or Federal court of competent jurisdiction in New York County, State of
  New York.

  4.4 Waiver of Jury Trial. YOU WAIVE TO THE FULLEST EXTENT PERMITTED BY
  APPLICABLE LAW ANY RIGHT YOU MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY
  ACTIONS OR PROCEEDINGS DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN
  CONNECTION WITH THESE TERMS OF USAGE.

  4.5 Conflict. In the event of a conflict between these Terms of Use and any
  other agreement with Kensho that relates to Third-Party Content, the more
  restrictive terms shall prevail.
extra_gated_fields:
  Full name: text
  Email: text
  Institution: text
  I accept the Terms of Usage: checkbox

Dataset Card for SPGISpeech

Table of Contents

SPGISpeech Logo

Dataset Description

Dataset Description

SPGISpeech (rhymes with “squeegee-speech”) is a large-scale transcription dataset, freely available for academic research. SPGISpeech is a corpus of 5,000 hours of professionally-transcribed financial audio. SPGISpeech contains a broad cross-section of L1 and L2 English accents, strongly varying audio quality, and both spontaneous and narrated speech. The transcripts have each been cross-checked by multiple professional editors for high accuracy and are fully formatted, including capitalization, punctuation, and denormalization of non-standard words.

SPGISpeech consists of 5,000 hours of recorded company earnings calls and their respective transcriptions. The original calls were split into slices ranging from 5 to 15 seconds in length to allow easy training for speech recognition systems. Calls represent a broad cross-section of international business English; SPGISpeech contains approximately 50,000 speakers, one of the largest numbers of any speech corpus, and offers a variety of L1 and L2 English accents. The format of each WAV file is single channel, 16kHz, 16 bit audio.

Example Usage

The training split has several configurations of various size: S, M, L. See the Section Data Splits for for more information. To download the S configuration:

from datasets import load_dataset

spgi = load_dataset("kensho/spgispeech", "S", use_auth_token=True)

# see structure
print(spgi)

# load audio sample on the fly
audio_input = spgi["train"][0]["audio"]  # first decoded audio sample
transcription = spgi["train"][0]["text"]  # first transcription

It is possible to download only the development or test data:

spgi_dev = load_dataset("kensho/spgispeech", "dev", use_auth_token=True)
spgi_test = load_dataset("kensho/spgispeech", "test", use_auth_token=True)

Supported Tasks and Leaderboards

  • automatic-speech-recognition: The dataset can be used to train a model for Automatic Speech Recognition (ASR). The model is presented with an audio file and asked to transcribe the audio file to written text. The most common evaluation metric is the word error rate (WER).

Languages

SPGISpeech contains audio and transcription data in business English and offers a variety of L1 and L2 accents.

Dataset Structure

Data Instances

{
    'wav_filename': '32bcf9c9dc707fb61a04290e296f31eb/99.wav',
    'audio': {
        'path': '/home/user/.cache/huggingface/datasets/downloads/extracted/c7082e2bd5b.../dev_part_2/32bcf9c9dc707fb61a04290e296f31eb/99.wav',
        'array': array([-0.00039673, -0.00057983, -0.00057983, ..., -0.0007019 ,
         -0.00027466,  0.00021362], dtype=float32),
        'sampling_rate': 16000
    },
    'wav_filesize': 292844,
    'transcript': 'This is proving to be true, and through focused execution we are on track to exceed our targeted savings in 2017. As a reminder,'
}

Data Fields

  • wav_filename (string) - audio filename (includes parent directory).
  • audio (Audio feature) - a dictionary containing the path to the audio, the decoded audio array, and the sampling rate. In non-streaming mode (default), the path points to the locally extracted audio. In streaming mode, the path is the relative path of an audio inside its archive (as files are not downloaded and extracted locally).
  • wav_filesize (int) - size of the file in bytes.
  • transcript (string) - transcription of the file.

Data Splits

The dataset has three splits: train, evaluation (dev) and test. The train split has three configurations of various sizes: S, M, L. Larger subsets are supersets of smaller subsets, e.g., the L subset contains all the data from the M subset.

Transcribed Subsets Size

Subset Size
S 22Gb
M 107Gb
L 530Gb
dev 11Gb
test 11Gb

Dataset Creation

Curation Rationale

To augment the open-source speech-to-text datasets available for R&D.

Source Data

The dataset contains S&P Global company earnings calls.

Initial Data Collection and Normalization

Public earnings calls spanning the time period from 2007-2020 were converted to 16kHz, 16-bit audio.

Who are the source language producers?

English speakers with a diverse selection of accents, including non-native ones (L2), producing both spontaneous and narrated speech.

Annotations

Annotation process

Data is orthographically transcribed according to a professional style guide detailing conventions for capitalization, punctuation, denormalization of non-standard words and transcription of disfluencies in spontaneous speech. The transcripts have each been cross-checked by multiple professional editors for high accuracy and are fully formatted.

Full earnings calls last 30-60 minutes in length and are typically transcribed as whole units, without internal timestamps. In order to produce short audio slices suitable for STT training, the files were segmented with Gentle, a double-pass forced aligner, with the beginning and end of each slice of audio imputed by voice activity detection with py-webrtc.

Who are the annotators?

Earning calls are manually transcribed by S&P Global, Inc.

Personal and Sensitive Information

Though earnings calls are public, we nevertheless identified full names with the spaCy en core web large model. We withheld samples containing names that appeared fewer than ten times (7% of total). Full names appearing ten times or more in the data were considered to be public figures and were retained. This necessarily incomplete approach to named entity recognition was complemented with randomized manual spot checks which uncovered no false negatives missed by the automated approach.

Considerations for Using the Data

Social Impact of Dataset

[More Information Needed]

Discussion of Biases

The largest issue inherent with the dataset is that the speaker distribution of SPGISpeech reflects the speaker distribution seen during earning calls. One example issue that stems from this: during earnings calls, close to 90% of speakers are male.

Other Known Limitations

Due to formal language seen during earnings calls, the dataset needs augmentation for training systems that transcribe informal speech.

Additional Information

Dataset Curators

Kensho Technologies

Licensing Information

Citation Information

Please cite this paper:

@ARTICLE{2021arXiv210402014O,
       author = {{O'Neill}, Patrick K. and {Lavrukhin}, Vitaly and {Majumdar}, 
       Somshubra and {Noroozi}, Vahid and {Zhang}, Yuekai and {Kuchaiev}, Oleksii and {Balam}, 
       Jagadeesh and {Dovzhenko}, Yuliya and {Freyberg}, Keenan and {Shulman}, Michael D. and {Ginsburg}, 
       Boris and {Watanabe}, Shinji and {Kucsko}, Georg},
        title = "{SPGISpeech: 5,000 hours of transcribed financial audio for fully formatted end-to-end speech recognition}",
      journal = {arXiv e-prints},
     keywords = {Computer Science - Computation and Language, Electrical Engineering and Systems Science - Audio and Speech Processing},
         year = 2021,
        month = apr,
          eid = {arXiv:2104.02014},
        pages = {arXiv:2104.02014},
archivePrefix = {arXiv},
       eprint = {2104.02014},
 primaryClass = {cs.CL},
       adsurl = {https://ui.adsabs.harvard.edu/abs/2021arXiv210402014O},
      adsnote = {Provided by the SAO/NASA Astrophysics Data System}
}

Contributions

Thanks to @sanchit-gandhi, @patrickvonplaten, and @polinaeterna for adding this dataset.

Terms of Usage

Your access to and use of the information in the Kensho Transcript Dataset (the “Content”), which is provided by Kensho Technologies, LLC, a subsidiary of S&P Global, Inc., (“Kensho”), shall be governed by the following terms and conditions of usage (“Terms of Usage”). The Content may be accessed only by persons who have been authorized to use this Content pursuant to their acceptance and acknowledgement of these Terms of Usage (in each case, an “Authorized User”). By providing your electronic signature at the end of these Terms of Usage, you represent that you are an Authorized User and that you accept these Terms of Usage and agree to be bound by them.

If you do not wish to be bound by these Terms of Usage, you must not use this Content. PLEASE READ THESE TERMS OF USAGE CAREFULLY BEFORE USING THIS CONTENT.

Section 1 – THE CONTENT

1.1 The Content is provided for academic research purposes and internal use only and must not be used to:

  • assemble or create a database;
  • construct or facilitate the construction of products which compete with the Content;
  • identify or attempt to identify or contact any individual; or link to another dataset.

The Content, which is comprised of public earnings calls in audio and corresponding text format, and all accompanying derived products is proprietary to Kensho and its third-party content providers. You shall not modify the Content; create derivative works based on the Content, rewrite or reprocess the Content except as expressly provided herein. You must not publish, display, transfer or redistribute the Content or any portions or derivative versions thereof to anyone without prior written consent from Kensho. You agree not to contact Kensho or its affiliates concerning individuals whose information may be included in the Content.

1.2 Disclaimer. Content to which you are provided access, either directly or indirectly, from or on this Content will not have been reviewed or monitored by Kensho, and Kensho cannot and does not guarantee or make any representation or warranty, either express or implied, as to the accuracy, validity, timeliness, completeness or continued availability of any such content.

The Content is provided for your convenience only and is not a republication or reconfirmation of the opinion or information contained therein. The provision of the Content is without any obligation on the part of Kensho or its third-party content providers to review such or any liability or responsibility arising out of your use thereof. Kensho does not guarantee or make any representation or warranty, either express or implied, as to the accuracy, validity, timeliness, completeness or continued availability of any Content and shall not be liable for any errors, delays, or actions taken in reliance on information. In addition, the Content speaks only as of the date issued and is based on conference calls that may contain projections of other forward-looking statements. You should not rely on the Content as expressing Kensho’s opinion or as representing current information. None of Kensho or the third-party content providers has undertaken, and do not undertake any duty to update any Content or otherwise advise you of any changes in the Content.

1.3 Ownership of Third-Party Content. You acknowledge that all proprietary rights in the Content that are owned by Kensho or third party content providers shall remain the property of Kensho or such third party content providers, and you shall have no right or interest in such third party content except the rights to use such third party content in accordance with these Terms of Usage. Any additional rights not granted herein shall require a separate, direct agreement with Kensho. You acknowledge that the Content and third party content as compiled, prepared, selected and arranged by Kensho or its third party content providers constitutes an expenditure of substantial time, effort and money by Kensho and its third party content providers and constitutes valuable commercial property and/or trade secrets of Kensho and such third party content providers. Kensho retains all rights and remedies afforded under the copyright, trademark, service mark, patent and other laws of the United States and the States thereof, including without limitation any laws designed to protect proprietary or confidential information. You agree that you will not remove or modify any copyright notice, disclosures, disclaimers or other notification or trade name or marks of Kensho or the third party content providers that may appear in the Content or third party content and that any permitted reproduction and/or distribution of the Content or third party content shall contain such notices and/or marks as they appear in the Content or third party content. You may not use Kensho’s or the third-party content providers’ name or trademarks without the prior written consent of Kensho or such third-party content providers. Apart from the rights granted hereunder, no conveyance of ownership, right, title or interest is intended herein. Any additional rights require a separate agreement with Kensho.

1.4 Posted Guidelines. In addition to these Terms of Usage, when using this Content, you shall be subject to and agree to follow any posted notice, guidelines or rules, which may be posted and amended from time to time. Nothing on this Content shall be considered a recommendation or solicitation to buy or an offer to sell a security to any person in any jurisdiction.

1.5 Registration Data. In consideration of your use of this Content, you and/or your employer agree to: (a) provide true, accurate, current and complete Registration Data (as defined below in Section 3.1) to Kensho as prompted by the registration form completed prior to accessing the Content and (b) maintain and promptly update the Registration Data and to keep the same true, accurate, current and complete.

1.6 Right to Terminate User Access. Kensho reserves the right to limit, restrict and immediately terminate your access to and use of this Content at any time, in whole or in part, in its sole discretion and without notice.

Section 2 - DISCLAIMER OF WARRANTY AND LIMITATION OF LIABILITY

2.1 THE CONTENT IS PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND. USE OF THE CONTENT IS AT THE USER’S OWN RISK. IN NO EVENT SHALL KENSHO OR ITS THIRD-PARTY CONTENT PROVIDERS BE LIABLE FOR ANY DECISION MADE OR ACTION OR INACTION TAKEN IN RELIANCE ON ANY CONTENT, INCLUDING THIRD-PARTY CONTENT, INCLUDING YOUR HANDLING AND STORING OF THE CONTENT. KENSHO FURTHER EXPLICITLY DISCLAIMS, ANY WARRANTY OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF ORIGINALITY, ACCURACY, COMPLETENESS, TIMELINESS, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. KENSHO EXPRESSLY DISCLAIMS, AND YOU WAIVE, ANY LIABILITY THAT MAY ARISE FROM YOUR PUBLICATION OR PROVISION OF THE CONTENT TO A THIRD PARTY, OR ANY REPRESENTATION OR WARRANTY MADE BY YOU TO ANY THIRD PARTY, WHETHER OR NOT RELATED TO THE CONTENT. KENSHO, SUPPLIERS OF THIRD-PARTY CONTENT AND ANY OTHER THIRD PARTY WORKING WITH KENSHO SHALL NOT BE RESPONSIBLE OR LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY DAMAGES OR LOSS (INCLUDING DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL AND ANY AND ALL OTHER FORMS OF DAMAGES OR LOSSES REGARDLESS OF THE FORM OF THE ACTION OR THE BASIS OF THE CLAIM) CAUSED OR ALLEGED TO BE CAUSED IN CONNECTION WITH YOUR USE OF THE CONTENT WHETHER OR NOT FORESEEABLE, EVEN IF KENSHO OR ANY OF THE SUPPLIERS OF THIRD-PARTY CONTENT OR OTHER THIRD PARTIES WORKING WITH KENSHO IN CONNECTION WITH THE CONTENT HAS BEEN ADVISED OF THE POSSIBILITY OR LIKELIHOOD OF SUCH DAMAGES.

2.2 THE CONTENT IS NOT INTENDED TO PROVIDE TAX, LEGAL, INSURANCE OR INVESTMENT ADVICE, AND NOTHING IN THE CONTENT SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY BY KENSHO OR ANY THIRD PARTY.

2.3 For third party demands, claims, actions, proceedings and liability for losses, damages, reasonable legal costs and other reasonable expenses of any nature, you agree to defend, indemnify and hold Kensho and its affiliates harmless, including its respective directors, officers, employees and agents from and against all claims to the extent arising from your access to and/or use of the Content, any failure by you to abide by the Terms of Usage, or breach of applicable law.

Section 3 - PRIVACY

3.1 Access and Collection. In order to access this Content, during the registration process, either you or your employer will be required to provide Kensho with certain information; including your name, employer or academic institution, and e-mail address (“Registration Data”). In addition, when you request or view Content, Kensho may obtain user identifiable information related to your request of, or access to, such Content (“Access Data”). For example, while you are accessing this Content, our Web servers may recognize your: (a) domain name; (b) ISP’s domain name; (c) IP address; (d) browser type; and (e) operating system. If you contact us with a technical question, we may collect certain information about your systems, including: (a) your browser type, version and settings (e.g., Java and cookie settings); (b) connectivity information (e.g., SSL/HTTPS compatibility, bandwidth capacity); and browser plug-in information (e.g., do you have Adobe, what is your media player, can you open Flash files, etc.).

3.2 Use of Your Information. Registration Data and Access Data may be used by Kensho for research and development purposes and to communicate with users and to troubleshoot any technical issues pertaining to the Content. You acknowledge that in the event that a separate agreement is required, Kensho may share Registration Data with its Affiliates (as defined below).

3.3 Disclosure of Your Information. Except as otherwise noted herein, Kensho will not disclose, rent or sell personal information collected from or about you without your permission. For the purposes specified in the preceding paragraph, we may transfer or disclose Registration Data and Access Data to S&P Global Inc. and its affiliates (“Kensho Affiliates”) and third parties who are contracted to perform services on behalf of Kensho, such as those who assist Kensho in bringing you this Content and providing you with certain features and functionality included within or accessible via this Content. We may also disclose Registration Data and Access Data to Kensho Affiliates and third parties in connection with their providing you access to this Content. Disclosures to these third parties will be subject to confidentiality agreements and, where required, governed by contract. Kensho may also be required to disclose information to governmental, regulatory or self-regulatory entities or agencies in response to regulatory inquiries or to comply with applicable laws, rules, regulations, orders, subpoenas or other legal processes.

3.4 Consent. By (a) agreeing to these Terms of Usage, or (b) by using this Content, and, in either case, providing any information that may be required, requested or otherwise collected by us as set forth above, you freely consent to Kensho processing your information in the United States and in other countries and territories for the purposes set out in these Terms of Usage, and you also consent to the transfer of your information for such purposes to any third party content provider wherever such entity may from time to time be located and to any third parties as described above and in accordance with applicable law and regulations. If you do not permit Kensho to collect any of your information or do not agree with any of the terms and conditions of these Terms of Usage, you should not use this Content and should exit this page and/or Content, as the case may be. If after registering with Kensho, you desire to withdraw the consent granted in this Section 3.4 for all future use of your information by Kensho, you must notify Kensho in writing at the address listed below in Section 3.8 and immediately cease use of this Content.

3.5 Inquiries. If you have any questions regarding these Terms of Usage or your information that is held by us, please contact Kensho in writing using the contact information provided below. If we receive a request regarding your personal information held by us, we will use reasonable means to provide you with such information that we can reasonably compile. You will be given the opportunity to rectify any inaccuracies in such information.

3.6 Encryption. Kensho may use encryption technology to protect certain transmissions of data to/from this Content, but e-mail and other communications, unless otherwise noted on this Content, are not encrypted to/from this Content. Therefore, you should not send any personal or identifying information, such as account numbers, credit card numbers, Social Security numbers, passwords, etc., to Kensho via e-mail. By utilizing e-mail or other electronic communication means you acknowledge that you have no expectation of privacy with respect to the information delivered thereby and that Kensho will not be responsible for any loss or damage that could result from interception by third parties of any information so sent.

3.7 Contact Information. In the event you have any questions regarding these Terms of Use, this Privacy Statement or to make any requests or queries regarding your information that is held by us you may contact us in writing at [email protected] or Kensho Technologies LLC, Attn: General Counsel, 55 Water Street, New York, NY 10041.

Section 4 - MISCELLANEOUS

4.1 Entire Agreement. These Terms of Usage constitute the entire agreement of the parties hereto with respect to the subject matter hereof and supersede all prior agreements and undertakings, both written and oral, between the parties with respect to the subject matter hereof.

4.2 Severability. If any term or other provision of these Terms of Usage is invalid, illegal or incapable of being enforced by any law or public policy, all other terms and provisions of these Terms of Usage shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party.

4.3 Governing Law; Forum. These Terms of Usage shall be governed in all respects by the laws of the State of New York, and any litigation arising out of or connected in any way with these Terms of Usage shall take place in a State or Federal court of competent jurisdiction in New York County, State of New York.

4.4 Waiver of Jury Trial. YOU WAIVE TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT YOU MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTIONS OR PROCEEDINGS DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THESE TERMS OF USAGE.

4.5 Conflict. In the event of a conflict between these Terms of Use and any other agreement with Kensho that relates to Third-Party Content, the more restrictive terms shall prevail.