04.05.2016

National holidays in Latvia

Dear Clients,
 
Due to public holidays in Latvia on May 4, 2016 (Restoration of Independence Day) Capital Markets team will operate normal business hours.
 
Voice broking (trading) and electronic trading platforms will operate in accordance with the relevant market / stock exchange business hours. FOREX and BULLION market will operate standard business hours.
 
In this regard we would like to draw your attention that payments and transfers (funding, withdrawals as well as fund distribution between client's financial instruments accounts) received on May 4, 2016 will be processed on the next business day on May 5th,  2016.
 
We kindly ask you to plan ahead your expected financial transactions and payments incl. ensuring corresponding financial collateral/ margin requirements on your trading account.
 
More information on Renesource Capital business/trading hours can be found on corporate website http://renesource.com/en/contacts.
 
Renesource Capital team wishes you happy National holidays!
 
 
Attention!
 
Please be aware that on May holidays on May 4th , 2016, in the United States will be publishing following information:
-          ADP Nonfarm Employment Change (Apr)
-          ISM Non-Manufacturing PMI (Apr)
-          as well as other information about economy in the USA
 
Previously mentioned economic releases may result in an increased Forex and precious metals market volatility and widened trading spreads.
 
Yours sincerely,
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.