29.06.2020

Public holidays in the USA

Dear Clients,

Due to Independence  Day celebration in US on 3rd July 2020, 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 2nd July, 2020 after cut – off time (10:00AM GMT Time) and 3rd July, 2020 will be processed and executed on the next business day 6th July.

Currency exchange with physical delivery instructions received on 2nd July, 2020 after cut – off time and July 3rd, 2020 will be executed on SPOT/TOM basis, accordingly.

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

On July 3rd - US stock will be closed and derivatives Exchanges will be closed or have an early close.

You can find respective exchange operating hours on their corporate website: NYSE, NASDAQ, CBOT, CME Group, ICE

Renesource Capital Brokerage department will be operating shortened business hours – from 4:00 to 16:00 GMT (7:00 to 19:00 Riga time GMT +3).

Best 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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