Effective date: May 10, 2006
INTRODUCTION
This Privacy Policy applies to information that visitors transmit
to Barclays Bank PLC and/or its affiliates (together, "BBPLC")
through this iPath ETN website (the "Site").
BBPLC is committed to your privacy. This Privacy Policy is designed
to inform you of what information we collect from you on this Site
and how we and our affiliates handle that information.
To put it simply: We will not sell non-public, personal information
we collect about you on this Site to anyone. We will store the
information using generally accepted encryption and data-storage
technology. And we will give you the ability to opt out of our
using the information to send you separate online marketing and
advertising.
Please direct any questions to
ipathetn@blackrock.com
or call 1-877-764-7284.
US ONLY
This Privacy Policy explains the Site's processing and storage
practices in the United States for personal information transmitted
through the Site. Visitors subject to the jurisdiction of other
countries must not submit information through this Site, and by
doing so waive any and all liability BBPLC may have to them in
connection with such information. By browsing the Site and
communicating electronically with us, Site visitors acknowledge
that we are processing and storing their personal information in
the United States under US privacy standards.
WHAT WE COLLECT AND WHEN
Personally Identifiable Information
When you opt-in with the Site we collect your name,
company address, email address, telephone number, and additional
contact information. We also ask whether you are an individual or a
financial professional and for related information.
When you send email through the Site, we collect your
email address, as well as any additional information you include in
the message.
When you're navigating the Site we record your IP address.
We consider each of the above pieces of information to be
"Personally Identifiable Information" because it is individually
identifiable information about you.
Other Information Associable with You
When you answer our online surveys we collect your
responses.
When you're navigating the Site we log various information
to help manage and improve our Site, services, and marketing, in
general, and for you in particular. For example, we identify items
such as domains and browser types to understand how our Site is
used and to report these statistics in the aggregate to the vendors
that manage the technology of our website.
Cookies, etc.
Like many websites, we use cookies, 1-pixel gifs (spotlight tags),
JavaScript code, and other standard web technology to collect
information for our own use.
A cookie is a small data file that we transfer to your computer's
hard disk for record-keeping purposes. You can instruct your
browser, by editing its options, to stop accepting cookies or to
prompt you before accepting a cookie and to permit you to refuse
it. In most cases you can refuse a cookie and still navigate our
Site, though it may disable some features. Check with the maker of
your browser for more information about how to control cookies.
Cookies make it easier for you to use the site and for us to offer
opt-in and opt-out opportunities, and they enable us to follow your
navigation through the site and customize it to your interests.
They allow us to remember your identity and preferences so we can
display content appropriate for you and your interests.
These technologies also help manage our online marketing. Third
parties advertisers, who host web sites where we advertise, use
(and are contractually obligated to disclose their use of) 1-pixel
or transparent GIF files ("spotlight" technology) on their own and
other third party websites. These GIF files are provided by our ad
management partner. These files enable our ad management partner to
recognize a unique cookie on your web browser, which in turn
enables us to learn which advertisements bring users to our
website. The cookie was placed by us or by another advertiser who
works with our ad management partner. Our ad management partner
uses your IP address in conjunction with these technologies but
does not collect your name, address, telephone number, or email
address. Please contact us at the email or phone number below for
more information about our ad management partner, including
information about how to opt out of these technologies.
Although we contract with third parties to manage the use of these
technologies, the information is only used to help manage our own
marketing materials and our own websites. The third parties are
obligated by contract to keep the information confidential and are
prohibited from using it for any other purpose.
HOW WE USE YOUR PERSONALLY IDENTIFIABLE INFORMATION
We use your personally identifiable information (and at times other
information we collect) to authenticate your visits; to send you
email notifications and product fact sheets; so you can participate
in conferences or events; so we can respond to email inquiries and
questions to our call center; and to help us better market and
provide our and our affiliates' products and services. We also use
the information to manage and improve our Site content and notify
you about changes or improvements to our Site.
Unless you have opted out of receiving marketing information, we
use your personal information to customize and deliver that
information to you.
We also enhance or merge personal information with data from third
parties in order to better market our products and services and
serve your needs.
We use the search terms you enter to help us refine our search
functionality and to improve how we appear on external search
engines such as Google and Yahoo!.
LIMITED DISCLOSURE OF YOUR PERSONAL INFORMATION TO THIRD PARTIES
We do share non-public, personally identifiable information with
our affiliates. We only disclose non-public, personally
identifiable information to unaffiliated third parties as follows.
To advertising and marketing agencies to help sell and market our
own products and services. To technology and other service
providers (such as those that provide portfolio tools) to provide
technology and services to us. To vendors that help us fulfill
requests to deliver product information, publications, or reference
materials or that facilitate use of third party tools provided by
or through our Site.
The above unaffiliated third parties are all contractually
obligated to keep the information confidential and to not use the
information for any purpose other than providing services to us and
to you under our direction.
We also disclose such information as permitted or required by law
or as required by subpoena, search warrant or other legal process.
As our business evolves, we may sell, transfer, or otherwise share
some or all of our assets, including information provided by you,
in connection with a merger, reorganization, or sale of some or all
of our assets, or in the event of bankruptcy. In any such event,
personally identifiable and other information may be one of the
assets transferred.
CHOICE
Opting out
You can opt out of our using non-public, personally identifiable
information we collect on the Site to send you separate online
marketing and advertising materials by contacting us at the below
phone number or email, or clicking on an "unsubscribe" link in our
marketing emails.
Reviewing your information and requesting changes to your
Profile
Please direct inquiries about the accuracy of information
previously submitted through the Site, or requests to update
information, to:
ipathetn@blackrock.com
or call 1-877-764-7284. We are not responsible for outdated
information or for verifying any personal information submitted.
MORE ON PRIVACY
Children's online privacy protection
We understand the importance of protecting children's privacy,
especially in an online environment. The Site is not designed for
or directed at children. It is our policy not to knowingly collect
or maintain information about anyone under the age of 13.
Links to third party sites
The Site contains links to third party websites. We assume no
responsibility for the information practices of those websites. We
encourage visitors to review each site's privacy policy before
disclosing any personal information on that site.
Phishing
We do not and will not, at any time, request personal information
in a non-secure or unsolicited e-mail or telephone communication.
Identity theft and the practice currently known as "phishing" are
of great concern to us. Safeguarding information to help protect
your from identity theft is our priority. For more information
about phishing, visit the Federal Trade Commission at
http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt127.shtm.
Security
The Site uses generally accepted standards of technology and
operational security to protect personal information. Personal
information received through the Site is encrypted.
CHANGES TO THIS POLICY
This Privacy Policy may be updated from time to time as our
services change and grow. We will indicate any such changes at the
privacy link at the bottom of our home page, and your continued use
of the Site will signify your acknowledgement of any new terms. The
most current version of the Privacy Policy can be found by visiting
the privacy link at
http://www.ipathetn.com/us/privacypolicy.
CONTACT
We welcome inquiries or comments about our Privacy Policy and any
queries or concerns about iPath at
ipathetn@blackrock.com
or call 1-877-764-7284.
US 
