19.12.2019

Renesource Capital Working hours during holidays

Dear clients!

We would like to inform you that due to Christmas, Renesource Capital brokerage division will work according to the following schedule:

24.12.2019 – US, Canadian and European exchanges will have an early close at 18:00 GMT (20:00 Riga).  Trading on the Russian stock exchanges (MICEX, FORTS) will operate normal trading hours. Renesource Capital brokerage division (Voice trading and clients support) will operate from 07:00 GMT till 18:00 GMT (From 09:00 to 20:00 Riga time).

25.12.2019 – US, Canadian and European exchanges will be closed.  Trading on the Russian stock exchanges (MICEX, FORTS) will operate normal trading hours. Renesource Capital brokerage division (Voice trading and clients support) will operate from 07:00 to 08:00 GMT and 15:00 to 16:00 GMT (From 09:00 to 10:00 and 17:00 to 18:00 Riga).

FOREX markets will operate on normal working schedule.

26.12.2019 – Canadian and European exchanges will be closed.  Trading on the US and Russian stock exchanges (MICEX, FORTS) will operate normal trading hours. Renesource Capital brokerage division (Voice trading and clients support) will operate shortened hours  from 07:00 to 17:00 GMT (09:00 Riga to 19:00 Riga)

Please follow this link for the complete exchange holidays list.

In addition, we would like to remind you that during holidays on 24.12.2019, 25.12.2019 and 26.12.2019 currency exchange with physical delivery and payments (funding, withdrawal & fund distribution) in US Dollars, Euro, Russian Ruble, etc. between client’s Financial Instrument (FI) accounts will not be executed. Payment orders, which Renesource Capital AS IBS will receive on 23.12.2019 after cut –off –time (15:00 GMT), will be executed on the next business day, i.e. 27.12.2019.

Attention!

We kindly remind You that trading during non-standard – outside of standard trading hours (incl. public holidays on G8 markets) 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.

Merry Christmas!

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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