21.05.2020

Public holidays in the USA and UK.

Dear Clients,

Due to Memorial Day – public holiday in US and spring Bank holiday in UK on 25th May 2020, payments in US dollars (USD) and British pounds (GBP) (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) and British pounds (GBP) received by Renesource Capital on 22nd May, 2020 after cut – off time (10:00AM GMT Time) and 25th  May, 2020 will be processed and executed on the next business day 26th May.

Currency exchange with physical delivery instructions received on 22nd May, 2020 after cut – off time and May 25th, 2020 will be executed on SPOT/TOM basis, accordingly (on May 26th, 2020).

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

On May 27th, 2019 - US stock (NYSE, NASDAQ), London Stock Exchange (LSE) and derivatives (CBOT, CME Group, ICE) Exchanges will be closed or have an early close.

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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