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28.10.2019

Renesource Capital becomes a member of SWIFT and TARGET2

We are pleased to announce that “Renesource Capital” AS IBS has become the first and only investment brokerage firm in Latvia to become a member of the international payment system SWIFT with a BIC / SWIFT code IRCALV22XXX and a member of the TARGET2 clearing system.

TARGET2 provides its system participants with efficient, fast and secure infrastructure for settlement of euro payments by using funds kept in central bank (Bank of Latvia) account.

Membership in the SWIFT and TARGET2 clearing system will enable the Firm’s Clients to provide faster and more efficient investment services and access to capital markets.

 

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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