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23.10.2019

Upcoming Daylight Saving Time Clock Changes

Dear clients!

Please be informed that due to the upcoming Daylight saving time changes in EU and US, the opening and closing hours of certain financial markets will be affected.

Please be informed that on Sunday, 27th October 2019, 04:00:00 (Riga (Latvia) time) and 02:00:00 (United Kingdom (UK) time), clocks will be turned backward 1 hour. (Riga - Latvia is 2 hours ahead of Greenwich Mean Time).

Thereby trading in foreign exchange and bullion markets will open 1 hour later, on Monday, 28th October 2019,  at 00:00 and trading will cease on Friday, 1st November 2019, at 23:00 (Riga time).

Additionally, the end of daylight saving time in US will follow a week after the EU time clock changes (on Sunday, 2nd  November 2019) clocks will be turned backward 1 hour at 02:00:00.

Please consider above mentioned when planning your trading operations.

If you have any further questions, please do not hesitate to contact Your Account Manager or Capital Markets team.

 

Sincerely yours,
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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