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SEGREGATED CLIENT FUNDS WITH TOP TIER BANKS

  • As stipulated by the client money rules imposed on us by our regulators, Multibank companies are obliged to segregate all its retail clients’ funds from its own funds. All our client funds are held in separate bank accounts with the world’s top tier one banks.
  • MultiBank exercises all due skill, care and diligence in its selection, appointment and periodic review of third parties to which it deposits client money and/or assets. As such all client monies are held in the respective Client Money accounts of our regulated Companies at Barclays Bank PLC, BMO Harris Bank or NAB Bank.
 
 

Trading Lines

MultiBank grants trading lines on foot of Bank Guarantees or Bonds issued to it. In such a manner the Customer Funds remains with the Customers Bank Accounts and the Customer can trade with the Trading Line given by Multibank to the Customer.

 
 

SETTLEMENT FACILITY

Multibank offers institutional customers, brokers and banks a settlement facility to increase their level of funds security by fixing the Net Open Position Limited (NOP) on the Customers trading account. The settlement facility will facilitate the granting an agreed NOP limit with no margin check which will leverage up the trading account of the Customer and fix the NOP despite any market movements (changes to the P&L).

The Customer who uses the settlement facility will deposit a cash guarantee amount with Multibank which shall be segregated in a separate guarantee account.

Depending on the P&L statement of the Customer’s trading account, MultiBank and the Customer shall settle at the end of an agreed period according to the P&L statement. In the event the Customer does not settle the P&L in a timely manner, Multibank will use the funds in the Customers cash guarantee account to maintain the NOP of the account.

 
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