Funds deposit / withdrawal

Funds transfer

  • Transfer from licensed Bank account or payment institution is the only method that Renesource Capital uses to transfer funds between the Company and its customers;
  • Standard bank transfer may take from 1 to 3 days, depending on the transfer type (standard or express, transfer between Latvian banks or international bank transfer);
  • At your disposal is a broad correspondent bank network, that helps to execute your payments in a timely and efficient manner. 
    Should  you have any questions on funds transfer and correspondent bank details, please contact our trading desk or your Account Manager. 
  • Renesource Capital fee schedule for deposits to financial instruments account is available here.

When depositing funds:

  • Please be advised that Renesource Capital does not accept funds transfers before all the necessary documents account opening documents are received;
  • Renesource Capital accepts funds only from the bank accounts belonging to the customer and specified during the account opening.

Please make sure to indicate the following information in payment order details:

  • Unique Code of the Customer (UCC), issued to you by Renesource Capital (available in the “Confirmation of account opening” form);
  • The customer’s financial instruments account number (available in the “Confirmation of account opening” form);
  • When transferring funds that should be allocated between several accounts of a single customer, the amounts and the accounts for depositing each amount should be indicated in payment details;
  • Standard or express payment. In case where a customer does not specify the payment type (standard or express) in payment details, the Company assumes by default that the payment is standard and sends the order to the bank to process this payment as a standard one.

Example:

  • Beneficiary: AS IBS "Renesource Capital"
  • Beneficiary address: Duntes 15a, Riga, LV-1005, Latvia
  • Registration number: 40003415571
  • IBAN
  • Beneficiary’s Bank
  • Beneficiary’s Bank address
  • SWIFT
  • Amount: 100 000
  • Currency: USD
  • Payment details: AA123, 10 000 – XX12345, 90 000 - ZZ12345, Express

AA123 - Unique Code of the Customer,

10 000 – amount that should be deposited to account number XX12345,

90 000 – amount that should be deposited to account number ZZ12345,

Express – express payment.

For additions or changes in the list of your accounts that you want to use for funds transfer to your account with Renesource Capital, please fill the  "Free form order" and send it by email to trading@renesource.com

Funds withdrawal

Funds Withdrawal

To withdraw funds:

  • Please fill the "Funds withdrawal order" form and send it by email to trading@renesource.com
  • Please be advised that Renesource Capital transfer funds only to the authorized bank accounts.

*. Renesource Capital may also transfer Natural person funds, to their account in licensed Payment Institution or Licensed Electronic Money institution, as per accepted institutions list. For further information please contact Client Relationship  Management.

For additions or changes in the list of your accounts that you want to use for funds transfer to your account with Renesource Capital, please fill the  "Free form order" and send it by email to trading@renesource.com

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.

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