Thursday, December 10, 2009

Safety of Client Funds

Assuring client fund safety is one of the single most important factors in the financial industry. GCI Financial Ltd is regulated by the International Financial Services Commission (IFSC) for trading in financial and commodity-based derivatives and other securities, including foreign exchange. The IFSC's strict requirements include capital adequacy, reporting and record keeping, and proper disclosure and conduct with clients. Furthermore, GCI has years of experience managing risk, a strong balance sheet, and offers additional legal and structural guarantees:Client funds held with GCI Financial Ltd ("GCI") are maintained in separate Customer Funds accounts and may never be utilized for operating expenses or for other purposes or commingled with GCI's operating capital.Funds are withdrawn from these bank accounts only as a direct result of clients' trading activities or clients' request for withdrawal. In the unlikely event of GCI's bankruptcy, client funds are legally protected and returned directly to the customer.Furthermore, GCI maintains a balance sheet with Net Capital in excess of minimum regulatory requirements.

No comments:

Post a Comment