28.10.2021

Upcoming Daylight Saving Time Clock Changes

Dear clients!

Please be informed that due to the upcoming Daylight saving time changes in EU and US, the opening and closing hours of certain financial markets will be affected.

Please be informed that on Sunday, 31st October 2021, 04:00:00 (Riga (Latvia) time) and 02:00:00 (United Kingdom (UK) time), clocks will be turned backward 1 hour. (Riga - Latvia is 2 hours ahead of Greenwich Mean Time).

Thereby trading in foreign exchange and bullion markets will open 1 hour later, on Monday, 1st November 2021,  at 00:00 and trading will cease on Friday, 5th November 2021, at 23:00 (Riga time).

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Sincerely, AS IBS „Renesource Capital”

21.10.2021

Information for visitors. Covid-19 restrictions

Dear Clients !

Please be informed that taking care of the safety of the Company's customers and employees, as well as observing the Covid-19 restrictions and recommendations set by the government of Latvia, from October 21, 2021, the Company's attendence will be available only by prior appointment to those customers who have a valid Covid-19 certificate, with valid Covid-19 vaccination certificate or illness certificate, as well as an identity document (passport or ID card) will be required to be present at the Company's premises prior to the face-to-face meeting. We remind you that the use of face masks in the Company's premises is mandatory.

To apply for an appointment in person, please contact Your account manager.

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Sincerely, AS IBS „Renesource Capital”

21.10.2021

Information for clients!

Information for clients!

Renesource Capital AS IBS (hereinafter - the Company) shareholders on its general meeting that took place on October 15, 2021 decided to reorganize the Company and terminate the Company's activities as a licensed investment service provider in Latvia.

The strategic decision to reorganize the Company and leave the Latvian financial services industry after 23 years of operation, was particularly well thought out and difficult.

In connection with the above, the Company will no longer offer customers opening and maintaining financial instruments accounts. As a result, the Company's current priority is and will remain to provide its existing customers with prompt feedback in the process of termination of the contractual relationship, as well as closing open positions and returning customer assets.

We have been in direct contact with existing customers in connection with the above.
If you are a client of the Company, but have not received information from the Company, please contact your account manager. 

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Sincerely, AS IBS „Renesource Capital”

20.10.2021

Changes to the AS “Renesource Capital” AS IBS Products and Services Price List from November 4th , 2021

Dear Clients!

Please be informed about changes in the price list on products and services of AS IBS Renesource Capital from November 4, 2021.

The most significant changes that will take effect on November 4, 2021 relates to financial instruments trading and custody fees, financial instruments and funds transfer fees, corporate event service fees, as well as account maintenance service fees.

You can get acquainted with all changes in the price list of products and services here.

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Sincerely, AS IBS „Renesource Capital”

25.08.2021

Public holidays in the USA

Dear Clients,

Due to Labor Day celebration in US on 6th September 2021, payments in US dollars (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 (USD received by Renesource Capital on 3rd September, 2021 after cut – off time (10:00AM GMT Time) and 6th September, 2021 will be processed and executed on the next business day 7th September.

Currency exchange with physical delivery instructions received on 3rd September, 2021 after cut – off time and September 6th, 2021 will be executed on SPOT/TOM basis, accordingly.

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

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Sincerely, AS IBS „Renesource Capital”

28.06.2021

US Independence Day Holiday

Dear Clients,

Due to the Independence day celebration on 5th of July 2021, cash payments and transfers in USD (deposits, withdrawals and transfers between the client's financial instruments accounts) will not be processed. Currency exchange with physical delivery instructions received on 2nd of July, 2021 after cut – off time will be executed on SPOT/TOM basis.

Please be also informed, that US Stock exchanges will be closed on the 5th of July.

CME Globex trading (e-trading session) will take place in accordance with the following schedule.

ICE Futures U.S. trading session  will take place according to the following schedule.

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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.

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