Welcome to the website of the Master in Computational Finance (MCF) program at the School of Computing, Union University, Belgrade (“MCF”, “we”, “us”, or “our”). These Terms of Use (“Terms”) govern your access to and use of the website at https://mcf.raf.edu.rs (the “Website”) and any related services we offer.
By accessing or using the Website, you agree to be bound by these Terms. If you do not agree, please do not use the Website.
1. About MCF
The Master in Computational Finance is an accredited master’s program organized by the School of Computing (RAF), Union University, Belgrade. The Program Director is Prof. Branko Urošević. Program details, including curriculum, faculty, fees, and admission requirements, are published on this Website.
The Master Degree program is accredited by the National Accreditation Body of the Republic of Serbia. The Short-Cycle program is officially accepted by the National Entity for Accreditation and Quality Assurance in Higher Education of the Republic of Serbia.
2. Use of the Website
You agree to use the Website only for lawful purposes and in accordance with these Terms. You agree not to:
- Use the Website in any way that violates applicable laws or regulations
- Submit false, misleading, or fraudulent information, including in application forms
- Attempt to gain unauthorized access to any part of the Website, our servers, or related systems
- Use automated systems (bots, scrapers, etc.) to access or interact with the Website except for publicly accessible content with reasonable rate limits
- Introduce viruses, malware, or any other harmful code
- Interfere with the operation, security, or integrity of the Website
- Use the Website to harass, defame, or harm others
- Reproduce, distribute, modify, or create derivative works of Website content without our written permission, except as permitted by law
We reserve the right to suspend or terminate access for any user violating these Terms.
3. Application Process
When you apply to the MCF program through the Website, you confirm that:
- All information provided is accurate, complete, and true to the best of your knowledge
- You have the right to submit any documents you upload (CV, diplomas, motivation letters)
- You consent to our processing of your personal data as described in our Privacy Policy
- You understand that submission of an application does not guarantee admission; admission decisions are made by the Admissions Committee
- You understand that the tuition fee, deadlines, and program structure described on the Website may be subject to change, with reasonable notice provided to applicants
False information in your application may result in rejection or, if discovered after admission, dismissal from the program in accordance with the academic regulations of Union University.
4. Intellectual Property
Our content. All content on the Website - including text, course descriptions, images, videos, logos, design elements, and other materials - is owned by MCF, Union University, or our licensors, and is protected by Serbian copyright law and international treaties.
You may view and download content for personal, non-commercial use only. Any other use - including reproduction, redistribution, modification, public display, or commercial exploitation - requires our prior written consent.
Your submissions. When you submit content to us (e.g., application materials, contact form messages), you grant us a non-exclusive, royalty-free license to use that content for the purposes described in our Privacy Policy (e.g., evaluating your application, communicating with you, complying with legal obligations). You retain ownership of your submitted content.
Third-party trademarks. Names and logos of third parties referenced on the Website (e.g., partner institutions, employers, sponsors) are the property of their respective owners and are used here for informational purposes only.
5. External Links
The Website may contain links to third-party websites (e.g., partner institutions, social media, payment providers). We provide these links for your convenience and do not endorse the content, products, or practices of those websites. We are not responsible for the content, accuracy, security, or privacy practices of external sites. Your use of those sites is subject to their own terms and policies.
6. Disclaimers
The Website and its content are provided “as is” and “as available” without warranties of any kind, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, accuracy, completeness, or non-infringement.
While we make reasonable efforts to keep the Website accurate and up to date, we do not warrant that:
- The information on the Website is always current or error-free
- The Website will be uninterrupted, secure, or free of bugs
- Defects will be corrected immediately
For binding information about the program (curriculum, fees, accreditation status, application deadlines), please confirm directly with the Program Director or by writing to mcf@raf.rs before making any decisions based on Website content.
7. Limitation of Liability
To the maximum extent permitted by Serbian law, MCF, Union University, and their respective officers, employees, agents, and partners shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from or relating to your use of the Website, including but not limited to:
- Loss of profits, revenue, data, or goodwill
- Service interruptions or computer damage
- Costs of substitute services
- Damages resulting from reliance on Website content
Our total liability for any claim arising out of or relating to these Terms or the Website shall not exceed the amount you have paid to us in the twelve (12) months prior to the event giving rise to the claim, or fifty euros (€50), whichever is greater.
These limitations apply even if we have been advised of the possibility of such damages. Some jurisdictions do not allow the exclusion or limitation of certain damages; in those jurisdictions, our liability is limited to the maximum extent permitted by law.
8. Changes to These Terms
We may update these Terms from time to time. The “Last updated” date at the top reflects the most recent version. Significant changes will be communicated through a prominent notice on the Website or, where appropriate, by email to registered applicants.
Your continued use of the Website after changes become effective constitutes your acceptance of the updated Terms. If you do not agree to changes, please stop using the Website.
9. Governing Law and Disputes
These Terms are governed by the laws of the Republic of Serbia, without regard to conflict-of-law principles. Any disputes arising from or relating to these Terms or your use of the Website shall be resolved by the competent courts of Belgrade, Serbia, unless mandatory consumer protection laws of your country of residence require otherwise.
If you are an EU consumer, you may also have access to the EU online dispute resolution platform at https://ec.europa.eu/consumers/odr.
10. Severability
If any provision of these Terms is found to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect. The invalid provision shall be deemed modified to the minimum extent necessary to make it enforceable while preserving its intended purpose.
11. Contact Us
For any questions about these Terms, please contact us:
Master in Computational Finance School of Computing, Union University Knez Mihailova 6/VI, 11000 Belgrade, Serbia Email: mcf@raf.rs Program Director: burosevic@raf.rs
These Terms of Use are published in English. A Serbian translation may be made available for reference; in case of discrepancy between language versions, the English version prevails for international users.