Banco Finantia
Systematic internaliser.
What is a securities account?
“A securities account is the account through which we receive your orders relating to financial instruments, such as purchases, sales, subscriptions or redemptions.”
View in the company profileWhat is a financial intermediation agreement?
“Opening a securities account requires entering into a financial intermediation agreement, which is legally required to be in written form.”
View in the company profileHow does custody work?
“Custody is carried out through a custodian, which acts as a central depository for the securities held by the investor.”
View in the company profileWho are the parties involved in custody?
“The depositary institution, the custodian agent and the investor.”
View in the company profileWhat is the Investor Compensation Scheme (ICS)?
“The Investor Compensation System (ICS) was created to protect investors in cases where a financial intermediary that is a participant in the ICS lacks the financial capacity to repay or return money or financial instruments belonging to its clients.”
View in the company profileWho is protected by the ICS?
“The Investor Compensation System is intended to protect retail investors. Institutional investors are excluded from protection, namely credit institutions, financial companies, financial institutions, insurance companies, pension fund management companies and entities of the public administrative sector, among others.”
View in the company profileIs my securities portfolio protected?
“Financial intermediaries are required to safeguard clients’ assets, ensuring that they are duly segregated from the intermediary’s own assets in the relevant accounting and operational records.”
View in the company profile