Summary
- Ebury is licensed as an Electronic Money Institution by the Financial Conduct Authority in the UK
- Ebury has a legal obligation to safeguard client account balances.
- In the unlikely event that Ebury were to cease trading, any client funds held in client accounts subject to safeguarding are protected (ring-fenced) from Ebury's other creditors.
- This gives you peace of mind knowing that your funds are protected.
Our safeguarding obligations can be satisfied in anumber of ways. Currently, Ebury satisfies its safeguardingobligations by segregating client funds in designatedsafeguarding accounts with Tier 1 banks.Ebury selects and regularly reviews these institutionsused to hold its client funds based on a number of factorsincluding, but not limited to, reputational risk, agencyratings, service capabilities and local market presence.
Ebury Safeguarding Structure
Funds are reconciled immediately at the point of receipt and our safeguarding obligations are met at all times. Funds are ring fenced in our safeguarding vehicles within one business day.
All safeguarding processes ensure that funds are appropriately protected in line with the client's agreed terms and conditions and the governing regulations.
Margins
Margin in the form of funds may be transferred toEbury under title transfer collateral arrangementsfor the purpose of securing or otherwise coveringthe performance of financial obligations owed toEbury. As such, ownership of these funds transfers toEbury on receipt. If Ebury were to cease trading, theprovider of this margin will generally be an unsecuredcreditor.
Deposit Guarantee Scheme
Because Ebury operates as an Electronic Money Institution we do not fall under any relevant banking deposit guarantee scheme, such as the Financial Services Compensation Scheme (FSCS).
For more information, get in touch with us
Get in touch with our experts to discuss the needs of your business and how Ebury can help you.
