Client Asset Protection
Deltastock keeps its assets separate from its clients’ assets, in compliance with the regulatory requirements. Clients’ assets are the funds, financial instruments, and the other assets of the investment intermediary’s clients, which the intermediary keeps, administers, and manages on the client’s behalf, in relation to the services provided, including interest, dividends and other similar payments.
Deltastock does not dispose with clients’ assets on own account, on the account of its other clients, or on account of any other person, and is not liable to its creditors with its clients’ financial instruments and funds.
Furthermore, clients’ assets are guaranteed by the Investor Compensation Fund (ICF) , pursuant to Directive 97/9/EC of the European Parliament and of the Council, up to a certain amount, subject to the legal requirements. The Fund guarantees payment of compensation to the clients of an investment intermediary in the cases where the intermediary is not able to pay its obligations to the client due to reasons directly linked to its financial situation.
Deltastock regularly transfers the legally established cash payments to the ICF, which are used to pay out compensations to clients in the cases where:
- bankruptcy proceedings have been instituted for the investment intermediary by a decision of the respective district court;
- the license or the authorisation for pursuing the business of the investment intermediary has been withdrawn by a decision of the Financial Supervision Commission.
The Fund pays out compensation to every client of the investment intermediary up to 90% of the amount of the receivable, but not more than 20,000 EUR.