25.03.2021

Information on trading restrictions for Turkish lira (TRY) currency pairs.

Dear Customers!

Taking into account increased volatility of interbank rate markets and Turkish lira (TRY) currency markets, Renesource Capital risk department has taken a decision to restrict new position opening in all Turkish lira currency pairs (TRY) starting from 24th March, 2021.

Please be informed, that once market conditions normalize (volatility indicators in interbank rate and currency markets stabilize), trading positions will be lifted.

High volatility in interbank rates and on Turkish lira (TRY) currency pairs may result in significant price gaps, widened spreads and slippages, which may cause negative equity on client accounts (negative balance).

It is strongly advised that Clients maintain appropriate and sufficient amount of margin on their trading accounts at all times. Volatility can trigger Margin Call and following Stop Out (Stop Loss) orders on your trading account. We recommend that Clients use Stop orders to limit risks.

If you have any questions, please contact your Account Manager or email us at forex@renesource.com.

We appreciate your understanding,

Kindest regards,
Renesource Capital 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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