The terms that govern BondGuru.

1. These Terms

1.1 These Terms are a contract between you and BondGuru Pte. Ltd. (UEN 202633261K), 190 Middle Road, #14-05 Fortune Centre, Singapore 188979, customer_service@bondguru.app (“BondGuru”, “we”). They govern the BondGuru app, the website at bondguru.app and everything delivered through them (the “Service”). Our Privacy Notice at bondguru.app/privacy and our Sharing Terms at bondguru.app/sharing-terms form part of these Terms.

1.2 By using the Service you accept these Terms. You must be at least 18. If you do not accept them, please do not use the Service.

1.3 We may change these Terms. We will give at least 14 days’ notice of material changes in the app or by email. Using the Service after the effective date is acceptance.

2. What BondGuru is, and is not

2.1 BondGuru is an educational service. We publish lessons, checks, glossaries and calculators about bonds and other investment products, in several languages, and we keep a record of what you complete. All content is general. It does not take account of your circumstances and is not an offer, recommendation, opinion or advice to buy, sell or hold any investment, or to use any adviser.

2.2 BondGuru is not licensed, exempted (other than as stated in clause 5.4), approved or supervised by the Monetary Authority of Singapore (MAS) or any other regulator. We do not provide financial advisory services, issue research, deal in capital markets products, manage funds, market collective investment schemes, arrange insurance, take deposits, hold or move money, or operate a robo-advisory or digital advisory service. We do not do any of these things under the Financial Advisers Act 2001, the Securities and Futures Act 2001, the Payment Services Act 2019, the Insurance Act 1966, the Banking Act 1970 or the MAS Guidelines on Provision of Digital Advisory Services.

2.3MAS complex-products framework. MAS announced in May 2026 changes to how financial institutions distribute complex products to retail investors, including a unified Customer Knowledge Assessment, pre-transaction alerts and learning modules administered by industry bodies; legislation is pending. Those duties rest on financial institutions. BondGuru lessons, checks and records are not a Customer Knowledge Assessment, Customer Account Review, recognised learning module, Product Highlights Sheet, prospectus or pre-transaction alert, do not satisfy any such requirement, and are not evidence that any product is suitable for you. BondGuru does not determine whether you are an investor requiring additional protection. MAS has not reviewed, approved or endorsed BondGuru or any of its content.

2.4Professional accreditation. BondGuru is not an IBF-accredited or IBF-recognised training provider. No BondGuru content is accredited under the IBF Standards Training Scheme, recognised under the Financial Training Scheme or as Core FAA/SFA CPD, carries CPD hours of any kind, counts towards IBF Certification or any designation, or attracts any funding. Whether a professional may self-declare BondGuru content under their firm’s CPD rules is for the professional and the firm to determine. We do not use IBF marks and claim no affiliation with IBF. If a specific course version is accredited in future, we will say so in the Service for that version only.

2.5 A passed check records that you answered that version of the lesson correctly on that date. It is not a qualification and no institution is obliged to accept it.

3. Copyright, and sharing our content

3.1 Everything in the Service (lessons, text, scripts, audio, voice recordings, video, images, graphics, quizzes and answer keys, worked examples, calculators and their methods, glossaries, translations, software, design, the BondGuru name, logo and marks, and the selection and arrangement of all of it, together the “Content”) is owned by BondGuru or its licensors and protected by the Copyright Act 2021, the Trade Marks Act 1998 and international treaties. All rights not expressly granted are reserved. Content does not include Data, which is dealt with in clause 4. © 2026 BondGuru Pte. Ltd.

3.2 We grant you a limited, personal, non-exclusive, non-transferable, revocable licence to view and listen to the Content within the Service for your own non-commercial learning, and the sharing permission in clause 3.3. Except as expressly provided in this clause and in clause 3.3, no other rights or licences in respect of the Content are granted to you, whether expressly or by implication.

3.3Sharing Content. You may share Content with other people, free of charge and for non-commercial purposes, provided that you:

1. (a) use the share functions in the Service or share a link to a public BondGuru page or video, or quote short extracts, screenshots or summaries in your own words in your own posts and messages (not the whole of any lesson, course or video);
2. (b) credit BondGuru clearly, for example “Source: BondGuru, bondguru.app”, and link to bondguru.app where practicable;
3. (c) keep Content unaltered and in context, keep every notice, disclaimer and watermark attached to it, and make clear what is your own summary or opinion;
4. (d) do not suggest that BondGuru endorses, sponsors or is affiliated with you or any product, firm, person or view, or that Content is advice; and
5. (e) comply with clause 3.4.

3.4 Even when sharing, you may not, in whole or in part, by any means, automated or otherwise:

1. (a) use Content commercially: sell, license, charge for, or place it behind a paywall, sign-up wall or lead-capture form; include it in any paid course, product, newsletter, advertisement or sponsored post; or use it to promote, market or solicit any financial product, service, adviser or firm, including your own;
2. (b) scrape, mine, extract or systematically collect Content or data, or mirror or frame any part of the Service;
3. (c) use any Content to train, fine-tune, ground, prompt or evaluate any machine-learning or artificial-intelligence system, or to build any dataset, course, product or service;
4. (d) alter, translate, adapt or create derivative works from Content, other than excerpting it as clause 3.3 allows, or remove or alter any notice, watermark or technical protection;
5. (e) use the BondGuru name or marks other than in the credit under clause 3.3(b);
6. (f) share Data (clause 4) other than as clause 4.2 allows; or
7. (g) reverse-engineer, decompile or attempt to extract the source code of the app.

3.5 Using or sharing Content inside a firm, school or other organisation, for staff or client training, or to market an adviser or firm, is commercial use. Write to customer_service@bondguru.app and we will discuss a licence.

3.6 The sharing permission in clause 3.3 is a licence, not a transfer of ownership. We may withdraw or limit it for any person, or generally, by notice or by switching off a share function. Your licence ends automatically and immediately if you breach this clause. We may also suspend your access, require you to remove or delete copies, and take legal action. Each breach is a separate infringement of our copyright in addition to a breach of contract.

3.7 You are responsible for what you say when you share. BondGuru is not responsible for how anyone uses what you share.

3.8 Notes, questions and feedback you submit remain yours. You grant us a worldwide, royalty-free licence to use them to operate and improve the Service, and to use feedback without restriction.

3.9 If you believe Content infringes your rights, write to legal@bondguru.app with the work, the location in the Service, your contact details and a statement of good-faith belief and authority.

4. Bond reference data

4.1 Bond and issuer data in the Service (“Data”) is licensed from third-party data providers (“Data Providers”) and remains their property or that of their licensors. Data includes the bond and issuer information displayed in Discovery, on bond detail pages and in your watchlist, saved portfolio and Adviser Brief, whatever BondGuru design, text or arrangement surrounds it. Some Data may be the intellectual property of our Data Providers’ own licensors and is subject to the same restrictions.

4.2 Data is provided for display within the Service for your personal, non-commercial information. You may share Data only in the following ways, each free of charge and for non-commercial purposes:

1. (a) a screenshot or other static image of a screen in the Service, as displayed, with the data-source attribution shown on that screen (for example “Source: Cbonds”) left intact; and
2. (b) your own watchlist, saved portfolio or Adviser Brief through the share function in the app, as a static image or document, under clauses 5.2 and 5.5 and the Sharing Terms.

You may not copy, download, extract, type out or store Data outside the Service, systematically collect or compile it, republish it in bulk or as a list or table, embed it in any document, report, product or service, provide it to any person in machine-readable form, use it commercially or to promote, recommend or solicit any investment, adviser or firm, remove or obscure any data-source attribution, or use Data to build, enrich or train any database, model or dataset. The permission in this clause depends on our licence from our Data Providers, and we may limit or withdraw it, or switch off a share function, at any time (clause 3.6 applies). Any other use is prohibited and is an infringement of copyright as well as a breach of these Terms.

4.3 Data may be delayed, incomplete or inaccurate and may not match the terms of any holding you own. Neither BondGuru nor any Data Provider warrants Data or is liable for any decision based on it. We may change or withdraw any Data or Data Provider at any time.

4.4 Each Data Provider may enforce this clause against you directly under the Contracts (Rights of Third Parties) Act 2001.

5. Your learning record and sharing

5.1Your record. We keep a record of your learning progress, navigation activity and related data points, which we use to operate the Service and improve our lesson plans; your check attempts, answers and results; the lesson version and language; timestamps; notes you save; and your activity in Discovery, the bond search function in the app, including the search terms and filters you use and the bonds you open (together, your “Learning Record”). Discovery is a search tool only: results are ordered by the criteria you choose, and nothing in Discovery is a recommendation of any bond. The Learning Record is personal data about you. You can view it, export it and ask us to delete it (clause 6). We do not derive any score, rating, risk profile or suitability conclusion from it. We may use it in de-identified, aggregated form to improve lessons and to report usage statistics.

5.2Sharing with an adviser, on your instruction only. Your contact details and Learning Record will only be shared with an adviser or a financial institution when you choose to send a summary of them, except as otherwise expressly provided in these Terms or in our Privacy Notice (an “Adviser Brief”) to an adviser or financial institution selected by you. You decide the contents from a fixed menu; nothing is included unless you select it, and it never includes calculator inputs or any derived score. You see the complete Adviser Brief and give a separate, specific consent before it is sent, and we keep a timestamped record of that consent. The Sharing Terms, shown to you before you send, set out the details.

5.3User-directed sharing. Unless a Partner Institution is named in the app under clause 5.4:

1. (a) you enter the recipient’s details yourself, and BondGuru does not list, suggest, rank, select, recommend or verify any adviser or firm;
2. (b) BondGuru does not act for the recipient, receives no payment or other benefit from the recipient for the share, gives no advice, and never receives or handles your money or property;
3. (c) BondGuru delivers the Adviser Brief as you instruct, in the same way an email service delivers a message, and is not responsible for what the recipient does or whether it responds; and
4. (d) once sent, an Adviser Brief cannot be recalled through the app. The recipient is a separate organisation under the Personal Data Protection Act 2012 and handles it under its own obligations. We recommend that you deal only with institutions regulated by MAS.

5.4Partner Institutions and introducer disclosure. Where the app names a financial institution as a “Partner Institution”, BondGuru carries out introducing activities for it under a written introducer agreement, in reliance on the exemption in regulation 31 of the Financial Advisers Regulations. In that case, and only in that case: BondGuru and its staff do not and may not give advice or recommendations on any investment product, or arrange any contract of insurance in respect of life policies; BondGuru never receives or deals with your money or property; BondGuru does not assess your suitability for any Partner Institution or its products; where more than one Partner Institution offers the type of service you ask for, we will tell you about each of them and introduce you only to those you consent to; and before any of your particulars are passed on, you will be shown the Partner Institution’s client acknowledgment form, and we will provide no information beyond it. Depending on our arrangement with each Partner Institution, we may or may not be remunerated by it for introducing activities. The app states which applies for each Partner Institution and, if we are remunerated, we will tell you the amount if you ask. Any payment we receive helps to fund the free Service. A request to a Partner Institution is not an application for any product. Clauses 5.3(c) and 5.3(d) apply equally to Partner Institutions.

5.5Sharing your watchlist and saved portfolio. You may share your watchlist and saved portfolio with a person or financial institution of your choice using the share function in the app, and the Sharing Terms apply. A shared copy is a dated snapshot created by you, not a recommendation by BondGuru or anyone else. It includes licensed Data as clause 4.2 allows, and cannot be recalled. You are responsible for who you share with and what they do with it. You must not use sharing to promote, recommend or solicit any investment, to give advice to others, or in any public medium. We may disable sharing for any account that does so.

6. Personal data

6.1 We handle personal data in accordance with the Personal Data Protection Act 2012 and our Privacy Notice, which sets out what we collect, why, who we share it with and how long we keep it. The essentials, subject to our Privacy Notice:

1. (a) What and why. Account details, age and gender, Learning Record (including Discovery search history), saved bonds, adviser-request data, device and usage data, and support correspondence, to provide and secure the Service, keep your record, send Adviser Briefs you request, comply with law, and improve lessons. Marketing only if you opt in.
2. (b) Who. Service providers acting on our instructions (such as hosting, analytics and email providers); recipients only as you direct under clause 5; sponsors only under clause 8; regulators and courts where required. Where data is processed outside Singapore we ensure comparable protection as the PDPA requires.
3. (c) Your rights. You may access your data and learn how it was used in the past year, correct it, withdraw consent on reasonable notice (we will tell you the consequences), export your Learning Record, and delete your account. Withdrawal does not reach data already delivered to a recipient or sponsor, and does not by itself oblige us to delete data we must keep.
4. (d) Retention and deletion. We keep personal data only as long as needed for its purpose or as law requires, then delete or anonymise it. Account deletion is completed within 30 days, except data retained for legal claims or compliance, which we isolate.
5. (e) Breaches. We will notify the Personal Data Protection Commission and, where required, you, within the time the law requires.
6. (f) Contact. Data Protection Officer: dpo@bondguru.app, 190 Middle Road, #14-05 Fortune Centre, Singapore 188979.

6.2 The Service is not for persons under 18 and we do not knowingly collect their data.

7. Accounts and acceptable use

7.1 You may use the Service anonymously; when you sign in, your prior activity is linked to your account. Keep your credentials secure; you are responsible for activity under your account. One account per person.

7.2 You must not use the Service to break any law (including securities, financial-advisory, data-protection and sanctions law), to provide investment advice to others or, except as clause 3 allows, to provide training or data to others, to build a competing product, to interfere with the Service or its security, to impersonate anyone, or to upload unlawful, infringing or harmful content. We may remove content and suspend or close accounts for breach.

8. Sponsored access

If a financial institution, employer or other organisation (“Sponsor”) provides your access, its arrangement with us governs what it pays for and which content versions it has approved; these Terms still govern your use.

A Sponsor may receive information regarding the activation of sponsored accounts and aggregated, de-identified usage statistics. We may also share your lesson completions and check results with the Sponsor where you have been notified of the purposes and extent of such disclosure and the disclosure is permitted under applicable data protection laws, including where any required consent has been obtained.

We will inform you of the categories of personal data that may be disclosed to the Sponsor before you activate your sponsored access.

Unless otherwise expressly notified to you and permitted under applicable law, the Sponsor will not receive your notes, questions, Discovery searches, saved bonds or calculator inputs.

The Sponsor is responsible for its own advice, products and data handling; we are responsible for ours. When sponsorship ends you may continue on the public Service and your Learning Record remains yours.

9. Disclaimers

9.1 The Service is provided “as is” and “as available”. To the fullest extent permitted by law we exclude all warranties, express or implied, including accuracy, completeness, timeliness, merchantability, fitness for purpose and non-infringement.

9.2 You are solely responsible for your investment and financial decisions. Illustrative figures, named issuers and examples explain concepts only. Calculator results use stated conventions and are approximate. Translations are produced with AI assistance and reviewed by BondGuru; the English text is the reference version. Features marked beta or pilot may be incomplete or withdrawn. We do not promise uninterrupted or error-free operation and may change or withdraw any feature, content, language or Data Provider.

9.3 We are not responsible for what any person does with anything you share, or for any institution, Sponsor, Data Provider, app store or third-party site, or for anything that follows an introduction.

10. Limitation of liability

10.1 To the fullest extent permitted by law, BondGuru is not liable for: any loss arising from any investment or financial decision you make or do not make; any indirect, consequential, special or punitive loss; or loss of profit, data, goodwill or opportunity.

10.2 To the fullest extent permitted by law, BondGuru’s total liability to you for all claims in any twelve-month period, however arising, is limited to the greater of the fees you paid us in that period and S$100.

10.3 Nothing in these Terms excludes or limits liability for death or personal injury caused by negligence, for fraud, or for any liability that cannot be excluded under the Unfair Contract Terms Act 1977, the Consumer Protection (Fair Trading) Act 2003 or other applicable law. The Service is free to the public and BondGuru cannot know your circumstances; you agree this clause is a fair allocation of risk.

10.4 To the extent permitted by law, any claim against BondGuru must be brought within one year after it arose.

11. Your indemnity

You will indemnify BondGuru, its directors, officers, employees and contractors against third-party claims and the reasonable costs arising from them, to the extent caused by your breach of these Terms (including clauses 3 and 4), your misuse of the Service, content you submit or share, the way you share Content or lists, your breach of law or of another’s rights, or your own investment decisions. This does not apply to the extent a claim results from BondGuru’s own negligence or breach, and applies only to the extent the Unfair Contract Terms Act 1977 permits.

12. Ending the agreement

12.1 You may stop using the Service and delete your account at any time.

12.2 We may, at any time and for any reason, discontinue the Service (in whole or in part) or suspend or terminate your access to the Service by giving you at least thirty (30) days’ prior notice.

12.3 Notwithstanding clause 12.2, we may suspend or terminate your access to the Service immediately and without prior notice if:

(a) you breach these Terms;

(b) we are required to do so by applicable law, a regulator, an app store or a Data Provider; or

(c) we reasonably determine that your continued access to the Service presents a legal, regulatory, security or operational risk.

12.4 Upon termination, your licence to use the Service shall cease immediately. Where we terminate your access or discontinue the Service, we will, where reasonably practicable, provide you with an opportunity to export your Learning Record for a period of thirty (30) days before or after the effective date of termination or discontinuation, as applicable. We may restrict or deny such access where termination arises from a breach of clauses 3 or 4, or where required by applicable law or for security reasons.

12.5 To the fullest extent permitted by law, we shall not be liable for any loss or damage arising from any suspension, termination or discontinuation of the Service in accordance with these Terms.

12.6 Termination shall not affect any rights, obligations or liabilities accrued before termination. Clauses 3 and 4 (to the extent relating to intellectual property rights and restrictions on use), 9, 10, 11, 12.5, 14 and 15, and any other provisions which by their nature are intended to survive termination, shall continue in effect.

13. Apple and Google

13.1 If you downloaded the app from the Apple App Store: these Terms are between you and BondGuru only, not Apple Inc. or its subsidiaries (“Apple”); BondGuru, not Apple, is solely responsible for the app and its content; your licence is limited to use on Apple-branded devices you own or control, as permitted by the Apple Media Services Terms, including through Family Sharing; Apple has no obligation to provide maintenance or support; the app is free, and to the maximum extent permitted by law Apple has no warranty obligation and any warranty claim is BondGuru’s responsibility; BondGuru, not Apple, is responsible for any claim by you or a third party relating to the app, including product-liability, regulatory-compliance and consumer-protection or privacy claims, and for the investigation, defence and settlement of any third-party intellectual-property claim; you represent that you are not located in a country subject to a US Government embargo or designated as “terrorist supporting” and are not on any US Government list of prohibited or restricted parties; you must comply with applicable third-party terms; Apple and its subsidiaries are third-party beneficiaries of these Terms and may enforce them against you; and questions or claims should be directed to BondGuru at the details in clause 1.1.

13.2 If you downloaded the app from Google Play, the Google Play Terms of Service also apply. Google is not a party to these Terms.

14. Law and disputes

14.1 These Terms are governed by Singapore law. If a dispute arises, contact customer_service@bondguru.app first; we will try to resolve it within 30 days. Failing that, either party shall refer it to mediation at the Singapore Mediation Centre. If mediation does not resolve it within 60 days, the courts of Singapore shall have exclusive jurisdiction.

14.2 To the extent permitted by law, claims may be brought only individually and not in any class, collective or representative proceeding. Either party may seek urgent injunctive relief in any competent court, including to protect intellectual property or Data.

15. General

These Terms, the Sharing Terms, the Privacy Notice and any sponsored-access notice are the entire agreement between us about the Service. If a provision is unenforceable it is read down or severed and the rest stands. Our failure to enforce a right is not a waiver. You may not assign these Terms; we may assign them to an affiliate or a successor to the BondGuru business. We may notify you in the app, by email, or on the website. The English version prevails over any translation. Except under clauses 4.4 and 13.1, no third party may enforce these Terms. We are not liable for failures caused by events beyond our reasonable control.