Renesource Capital - News

Renesource Capital

395.50 5.50/10
66% of positive reviews
Real

Terms for processing incoming funds and funds withdrawal request for Renesource Capital Clients (CUT-OFF time) *

Service

Currency

Time for incoming funds received in Renesource Capital bank account

(Latvia time)*

Payment value day -

funds are credited to financial instrument account

Funds transfer to FI account

EUR

Till 15.30

The same business day (T 0)

After 15.30

Following business day (T 1)

USD

Till 15.00

The same business day (T 0)

After 15.00

Following business day (T 1)

GBP

Till 14.30

The same business day (T 0)

After 14.30

Following business day (T 1)

RUB

Following business day (T 1)

Service

Currency

Application form of funds withdrawal accept for processing time*

Payment valuation day -

Funds are transferred from FI account to Client’s bank account*

Funds withdrawal from FI account

EUR, USD

Till 12.00

Following business day (T 1)

After 12.00

After two business days (T 2)

RUB,  GBP

After three business days (T 3)

 

*Payment application time or the latest time when a payment request is submitted and processed. If the payment request is received after the deadline (CUT-OFF time), then value date of the payment will be postponed for one business day.

Client’s funds are transferred via a credit institution and their correspondent bank services. Client’s funds are kept in a credit institution on behalf of Renesource Capital (Company) with the indication that such funds are owned by the Company’s clients (Nominal account). Several client’s funds are held in one nominal account.

Client’s funds are credited to FX Micro account on the same business day.

Financial instrument account will be credited for an actually received amount of money. Commission for funds transfer is covered by the Payer (Client). Client’s financial instruments account is credited with received amount of money, less commissions of Client’s bank – correspondent bank and commissions of another intermediary bank, as well as Renesource Capital’s commissions for funds transfer to Client’s financial instrument account.

The Company is not responsible for commission fees charged for payment processing by Client’s bank – intermediary bank and for other from Company independent reasons (for example practice of specific country or specification of bank transfer). 

If Client’s funds are received in The Company’s official holiday or value date of the payment at the weekend, the funds will be processed on the following business day.

The Company business days are Monday, Tuesday, Wednesday, Thursday, and Friday from 07:00 until 23:15.

Bank account details are found here.

Please bear in mind, that The Company accepts and transfer funds (credit and debit financial instruments account) only from/to banks (credit institutions) or regulated and licensed financial institutions ( investment management companies, investment brokerage companies, payment institutions etc.), whose legislations requirements on the Prevention of Money Laundering and Terrorism Financing are equivalent or higher than in EU/EEA countries i.e. banks and financial institutions included in group of member states of FATF (Financial Action Task Force).

Please note, that all outgoing and incoming funds from/to financial instruments account(-s) will be executed according to Client’s bank account details indicated in financial instrument questionnaire. Note that title of Client’s financial instrument account (name, surname) should match with Client’s bank account details (name, surname). Please carefully check your bank account details.

The Company does not accept cash or any cash equivalents ( money checks, travel checks and any other checks), taking into consideration, that according to legislation The Company cannot provide appropriate check of money origin. The Company does not accept and does not process funds transfers from/to third – unidentified parties. If The Company receives unidentifiable funds, then financial instrument account will not be credited, but funds will be blocked for identification or will be sent back to the original sender, deducting commission fee according to the price list. Third party is Company’s unidentified individual or legal entity, that does not have financial instrument account in The Company. Third party is not considered as individual or legal person, who has opened financial instrument account and who has proceed identification process  and validation of customer documentation according to financial instrument account opening procedure.

Please bear in mind, that fund transfer process is not under Company’s control, thereby in exceptional cases that are out of The Company’s control and impact zone, delays are possible. The Company is entitled to credit incoming funds to financial instrument account, based on FI account number in the Company which is indicated in payment instructions. To avoid delays of payment processing and creditation of funds into your financial instrument account, you should indicate your Unique Code of the Customer (UCC) and financial instrument account in payment instructions. Any other information is not allowed in payment instructions.

If funds are not credited to your financial instruments account in three business days, please contact your account manager.

If you would like to credit your funds sooner, please send scanned payment order and a SWIFT copy to your account manager either by email or by fax: 371 67 809 253.

If you are not convinced that payment order is filled correctly, please contact your account manager or Renesource Capital financial instrument sales department either by phone 371 67 092 737 or by email newaccounts@renesource.com



To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree