Terms of Service
Effective July 7, 2026
These terms govern your access to and use of the AY Capital website.
Acceptance
By accessing AY Capital, you agree to these Terms of Service. If you do not agree, you should not use this site.
Content
Annual Letters, research, and other publications on AY Capital reflect AY's thinking at the time of publication. They are not financial, legal, or investment advice.
Intellectual property
AY Capital, AY Corp, AY Labs, Zenith, FlowSpec, and related marks are the property of PT Aryatama Teknologi Digital. Published research and letters may be shared with attribution unless otherwise noted.
Availability
We strive to keep AY Capital available, but we do not guarantee uninterrupted access.
Changes
We may update these terms from time to time. Material changes will be communicated through the site.