10.07.2017

On Russian taxes

Dear Client,

Under the current Russian withholding tax rules, Russian custodians, Russian issuers of securities, or other entities making payments, are responsible for calculating and withholding tax on payments of dividends and other types of income ("Russian Income") regarding securities and other financial instruments (including derivatives) issued by Russian entities (“Russian securities” or "Russian financial instruments")...

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Sincerely, AS IBS „Renesource Capital”

06.07.2017

Information update on SWAP (rollover, TomNext) rates

Dear Clients!

Please be advised that starting from  July 6th , 2017 Renesource Capital AS IBS has changed and updated rollover (SWAP, TomNext) rates for currency pairs (Forex) and precious metals (Bullion)...

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Sincerely, AS IBS „Renesource Capital”

27.06.2017

US Independence Day

Dear customers!

Due to Independence Day celebrations in the United States of America on July 4th, 2017, payments and transfers in US dollars (funding, funds withdrawal and fund distribution between client's accounts) will not be processed...

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Sincerely, AS IBS „Renesource Capital”

20.06.2017

National holidays in Latvia

Dear Clients,

We would like to inform you, that during the public holiday in Latvia on June 23rd, 2017 Capital Markets team will operate normal business hours.

Voice broking (trading) and electronic trading platforms will operate in accordance with the relevant market / stock exchange business hours. FOREX and BULLION market will operate standard business hours.

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Sincerely, AS IBS „Renesource Capital”

13.06.2017

Reduction of the margin requirements for Sterling currency pairs

Dear Clients, 
 
Following the uncertainty posed by the United Kingdom general election, 2017, and given that market implied volatility in Sterling (GBP) currency pairs as well as conditions in currency markets in general have stabilized, Renesource Capital risk team has made a decision to reduce margin requirements back to standard pre UK-election levels starting from June 13th, 2017 18:00:00 Riga time (GMT +3)...

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Sincerely, AS IBS „Renesource Capital”

Risk Disclosure Statement. Margin transactions (Forex, contracts for difference CFD, futures and futures options, stock options, REPO transactions, transactions in over-the-counter derivatives and transactions using broker credit, including selling short) involve higher risk. The level of risk increases with the leverage ratio. As the result of margin transactions, relatively high profits are possible with low level of initial investments, as well as significant losses which may exceed the principal amount of investments or the amount of the collateral. Please ascertain whether margin transactions in their essence and content suit the risk profile that was assigned to you by AS IBS Renesource Capital and whether the content of margin transactions corresponds to your investment goals.