01.10.2014

Dear Clients,

Effective from the trade date 6 October 2014, most European markets will be harmonized to settle transactions in 2 business days (T +2). This change will impact the settlement of stocks, warrants, bonds, certificates and CFDs.
At this time, the following markets have confirmed 6 October 2014 as the migration date and therefore, trades executed prior to trading day 6 October will settle on T+3 while trades on and after trading day 6 October will settle T+2:
Austria, Belgium, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Switzerland, the United Kingdom.
The Spanish authorities have announced fixed income securities will migrate to T+2 for trades of 6 October; however, equities are not expected to migrate until the fourth quarter 2015.
Please note that this change will have an impact on the settlement date for trades and/or exercises executed on and after trading day 6 October 2014.
Please consider this information while planning your work and investment decisions during these days.
 
 

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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