A professional client is a client who possesses the experience, knowledge and expertise to make their own investment decisions and properly assess the risks that they incur. In order to be considered a professional client, you must comply with one of the following criteria: Entities which are required to be authorized or regulated to operate in the financial market, either from entities authorized by a Member State under a Directive, entities authorized or regulated by a Member State without reference to a Directive, and entities authorized or regulated by a non-Member State: 1. Credit institutions 2. Investment firms 3. Other authorized or regulated financial institutions 4. Insurance undertakings 5. Collective investment schemes and management companies of such schemes 6. Pension funds and management companies of such funds 7. Commodity and commodity derivatives dealers 8. Locals 9. Other institutional investors Large undertakings meeting two of the following size requirements, on a proportional basis: 1. Balance sheet total at least EUR 20.000.000 2. Net turnover at least EUR 40.000.000 3. Own funds at least EUR 2.000.000 4. National and regional governments and public bodies. 5. Other institutional investors whose main activity is to invest in financial instruments including entities dedicated to the securitization of assets or other financing transactions.