06.04.2020

Easter Holidays!

Dear customers!

Due to Easter holidays, on April 10th, 2020 and April 13th, 2020 payments and fund transfers in US dollars and Euro (funding, funds withdrawal and fund distribution between client's accounts) will not be processed.

Payment orders (incl. funding, withdrawal, internal fund distribution) in US dollars and Euro received by Renesource Capital on April 9th, 2020 after cut – off time (10:00 AM GMT Time) will be processed and executed on the next business day 14th of April 2020.

Currency exchange with physical delivery instructions received on April 9th, 2020 after cut – off time (10:00 AM GMT Time) will be executed on SPOT/TOM basis.

We kindly ask you to plan ahead your expected cash flows and payments.

FOREX trading hours will be normal during the Easter holidays on April 10th (Good Friday) and April 13th (Easter Monday).

10/04/2020 – European and US stock and derivative exchanges will be closed and brokerage department will operate shortened hours from 08:00 to 09:00 GMT and from 16:00 to 17:00 GMT (From 10:00 to 11:00 and 18:00 to 19:00 Riga time).

13/04/2020 – European  stock and derivative exchanges will be closed, brokerage department will operate standard hours.

Please follow this link to check main exchange working hours during holidays

Attention!
We kindly remind You that trading during non-standard – outside of standard trading hours (incl. public holidays) may differ significantly from the standard, normal, everyday trading, due to lack of market liquidity as well as limited number of available liquidity providers. Trading spread can widen and market may gap, if there will be significant news announcements or press–releases during the public holidays. Widening of trading spread thereby may activate Margin Call and/or Stop Out (Stop Loss) on your trading account! It is highly recommended to maintain the use of Leverage at normal levels. The client shall be solely responsible for maintaining and controlling of sufficient margin in relation to the existing positions.

If you have any further questions, please do not hesitate to contact Your Account Manager or Capital Markets team.

Best Regards,
Renesource Capital markets brokerage team

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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