February 2019
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Saxo Bank's BEST EXECUTION POLICY
SAXO BANK’S BEST EXECUTION POLICY SAXO BANK’S BEST EXECUTION POLICY THE SPECIALIST IN TRADING AND INVESTMENT Page 1 of 6 Page 1 of 6 SAXO BANK’S BEST EXECUTION POLICY 2.2 The trading conditions for the above products 1 INTRODUCTION are available on Saxo Bank’s different web- sites. 1.1 This policy is issued pursuant to, and in com- pliance with, EU Directive 2004/39/EC of 21 3 SAXO BANK’S APPROACH TO BEST EXE- April 2004 on Markets in Financial Instruments CUTION ("MiFID") and the Danish legislation imple- menting MiFID (the "Rules") that applies to 3.1 When executing orders Saxo Bank will take all Saxo Bank. reasonable steps to obtain the best possible result under the circumstances for the client 1.2 This policy provides an overview of how Saxo taking into account price, costs, speed, likeli- Bank executes orders on behalf of clients, the hood of execution and settlement, size, nature factors that can affect the timing of execution or any other consideration relevant to the exe- and the way in which market volatility plays a cution of the order ("Best Execution"). part in handling orders when buying or selling a financial instrument. 3.2 When considering the best executing factors, Saxo Bank takes into account: 1.3 This policy applies to Saxo Bank's execution of orders on behalf of retail clients and profes- the characteristics of the client order; sional clients as defined by the Rules. the characteristics of the financial instru- ments that are subject to that order (in 1.4 Where Saxo Bank provides a quote to a client particular in relation to OTC financial in- or negotiates the terms of an Over-the-Counter struments); and ("OTC") transaction with Saxo Bank as coun- the characteristics of the execution ven- terparty, Saxo Bank will normally not be acting ues to which that order can be directed. -
Lender Panel List December 2019
Threemo - Available Lender Panels (16/12/2019) Accord (YBS) Amber Homeloans (Skipton) Atom Bank of Ireland (Bristol & West) Bank of Scotland (Lloyds) Barclays Barnsley Building Society (YBS) Bath Building Society Beverley Building Society Birmingham Midshires (Lloyds Banking Group) Bristol & West (Bank of Ireland) Britannia (Co-op) Buckinghamshire Building Society Capital Home Loans Catholic Building Society (Chelsea) (YBS) Chelsea Building Society (YBS) Cheltenham and Gloucester Building Society (Lloyds) Chesham Building Society (Skipton) Cheshire Building Society (Nationwide) Clydesdale Bank part of Yorkshire Bank Co-operative Bank Derbyshire BS (Nationwide) Dunfermline Building Society (Nationwide) Earl Shilton Building Society Ecology Building Society First Direct (HSBC) First Trust Bank (Allied Irish Banks) Furness Building Society Giraffe (Bristol & West then Bank of Ireland UK ) Halifax (Lloyds) Handelsbanken Hanley Building Society Harpenden Building Society Holmesdale Building Society (Skipton) HSBC ING Direct (Barclays) Intelligent Finance (Lloyds) Ipswich Building Society Lambeth Building Society (Portman then Nationwide) Lloyds Bank Loughborough BS Manchester Building Society Mansfield Building Society Mars Capital Masthaven Bank Monmouthshire Building Society Mortgage Works (Nationwide BS) Nationwide Building Society NatWest Newbury Building Society Newcastle Building Society Norwich and Peterborough Building Society (YBS) Optimum Credit Ltd Penrith Building Society Platform (Co-op) Post Office (Bank of Ireland UK Ltd) Principality -
Institutional Investor
R +R Research + Rankings The 2015 Tech 50 repeating in the No. 1 position, brought his company from nowhere to the top of the global exchange world in part because, he says, “technology enabled us to scale quickly.” It also can fail. ICE’s three-and-a-half-hour outage on July 8 was only the latest to affect a major mar- Racers ket platform — and demonstrate the importance of two other differentiating qualities: resiliency and recovery. Catherine Bessant (No. 2), global technology and operations executive at Bank of America Corp., frets that the technology world at large is “moving at to the the speed of the consumer, not the speed of the enterprise.” The answer? “The best and brightest talent.” Bessant believes that “in conjunction with advanced- state thinking, financial services is mag- netic for tech people.” But that means competing against Apple, Google and other name brands. Edge The Tech 50 ranking was compiled The global financial technology elite sets itself apart by understanding by Institutional Investor editors and the strategic and societal implications of high-tech advances and staff, with nominations and input from industry participants and experts. Four pushing innovation at Silicon Valley–like speed. primary sets of attributes were evalu- ated: achievements and contributions over the course of a career; scope and complexity of responsibilities; influence GROUNDED AS IT IS IN INFOR- applications and system performance as and leadership inside and outside the mation and money — and components of corporate strategy. These organization; and pure technological information about money leaders think big about the global or innovation. -
J.P. Morgan's Expression of Interest to Act As Global Co-Ordinator And
CONFIDENTIAL J.P. Morgan’s expression of interest to act as Global Co-ordinator and Bookrunner in connection with the Íslandsbanki IPO J.P. Morgan is pleased to express its interest to act as Global Co-ordinator and Bookrunner in connection with the sale process of the Icelandic State Financial Investments’ holdings in Íslandsbanki. J.P. Morgan is a leading global investment bank with a market capitalisation of $427bn and total assets of $3.4trn (December 2020). J.P. Morgan’s global headquarters are in New York, while our European headquarters are in London. We have a strong presence and track record in the Nordic region and our commitment to the region is evidenced by our local offices across the region. J.P. Morgan offers ISFI a full range of investment banking services and will provide first class advice in connection with the sale process of its holdings in Íslandsbanki. We are a global leader in areas such as equity and equity linked capital markets, debt capital markets, M&A advisory, ratings advisory and equity and debt sales, research and trading. J.P. Morgan team for Íslandsbanki Senior project leadership and sponsorship Andreas Lindh, Co-Head of EMEA FIG Stefan Weiner, Head of Northern Europe ECM Kari Hallgrimsson, Senior Country Sponsorship Nordic FIG Advisory European ECM Christian Kornhoff, Executive Director Vittorio Rivaroli, Executive Director Filiph Nilsson, Analyst Emese Pavlik, Associate Kim-Jonas Pellikka, Analyst Vincent Collan, Analyst FIG DCM Ratings Advisory Kiran D. Karia, Executive Director Jens Rasmussen, Executive Director J.P. Morgan contact details Andreas Lindh Registered address: Full legal name: Taunustor 1 J.P. -
Leading a Revolution in Banking
Leading a Revolution in Banking Identifying a Product positioning is the way in By embracing new technology, Technology has facilitated this revolu- Meeting Gap in the Market which a product and its associated Intelligent Finance has developed a tionary new system of banking. This Customer Needs Introduction brand is perceived by customers in rela- new approach to delivering both prod- allows customers to connect products together, taking account of both their tion to other competitive products. ucts and services, in a highly innovative The Chartered Institute of Marketing In today’s technology driven, modern borrowings and savings. This means Changes in society, markets and economies has Different customers value different com- way. This looks set to transform the tra- use the following definition to describe world, most organisations operate in that by connecting products together, intensified the need for most organisations to binations of product or service attribut- ditional retail bank as we know it – by marketing. highly competitive markets, this is par- interest is only paid on the balance. For be more and more innovative with the products es, based on the extent to which it meets putting the customer first. ticularly true of the financial services example, a customer may have two "Marketing is the management process that they offer, in order to attract new customers their particular need at that given time. sector. Technology has been one of the products with Intelligent Finance, a responsible for identifying, anticipating For example, the diagram shows that and increase product holdings. New products key drivers of change within this The Proposition personal loan and a current account. -
Investor Book (PDF)
INVESTOR BOOK EDITION OCTOBER 2016 Table of Contents Program 3 Venture Capital 10 Growth 94 Buyout 116 Debt 119 10 -11 November 2016 Old Billingsgate PROGRAM Strategic Partners Premium Partners MAIN STAGE - Day 1 10 November 2016 SESSION TITLE COMPANY TIME SPEAKER POSITION COMPANY Breakfast 08:00 - 10:00 CP 9:00 - 9:15 Dr. Klaus Hommels Founder & CEO Lakestar CP 9:15 - 9:30 Fabrice Grinda Co-Founder FJ Labs 9:35 - 9:50 Dr. Klaus Hommels Founder & CEO Lakestar Fabrice Grinda Co-Founder FJ Labs Panel Marco Rodzynek Founder & CEO NOAH Advisors 9:50 - 10:00 Chris Öhlund Group CEO Verivox 10:00 - 10:10 Hervé Hatt CEO Meilleurtaux CP Lead 10:10 - 10:20 Martin Coriat CEO Confused.com Generation 10:20 - 10:30 Andy Hancock Managing Director MoneySavingExpert K 10:30 - 10:45 Carsten Kengeter CEO Deutsche Börse Group 10:45 - 10:55 Carsten Kengeter CEO Deutsche Börse Group FC Marco Rodzynek Founder & CEO NOAH Advisors CP 10:55 - 11:10 Nick Williams Head of EMEA Global Market Solutions Credit Suisse 11:10 - 11:20 Talent 3.0: Science meets Arts CP Karim Jalbout Head of the European Digital Practice Egon Zehnder K 11:20 - 11:50 Surprise Guest of Honour 11:50 - 12:10 Yaron Valler General Partner Target Global Mike Lobanov General Partner Target Global Alexander Frolov General Partner Target Global Panel Shmuel Chafets General Partner Target Global Marco Rodzynek Founder & CEO NOAH Advisors 12:10 - 12:20 Mirko Caspar Managing Director Mister Spex 12:20 - 12:30 Philip Rooke CEO Spreadshirt CP 12:30 - 12:40 Dr. -
Understanding Self-Directed Investors Research Report
March 2021 Understanding self- directed investors A summary report of research conducted for The Financial Conduct Authority britainthinks.com BritainThinks Understanding self-directed investors Contents Introduction ............................................................................................ 3 Key findings on the self-directed investor audience ............................... 4 Background & Methodology ................................................................... 6 The self-directed investment landscape ................................................. 9 Understanding self-directed investors ...................................................11 Identifying a new group of self-directed investors .................................15 Implications for the future ......................................................................20 Appendix ...............................................................................................22 BritainThinks | Private and Confidential 2 Understanding self-directed investors Introduction Many people engage with the consumer investment market every day, making sensible decisions to grow their wealth. However, there is evidence that some consumers are making or are led into making poor investment choices. In some instances, this may lead to consumers holding a lot of money in cash, missing out on potential investment returns. In others it may lead them to invest in high risk products, which may not reflect their risk tolerance or their ability to afford the losses. In particular, -
VISA Europe AIS Certified Service Providers
Visa Europe Account Information Security (AIS) List of PCI DSS validated service providers Effective 08 September 2010 __________________________________________________ The companies listed below successfully completed an assessment based on the Payment Card Industry Data Security Standard (PCI DSS). 1 The validation date is when the service provider was last validated. PCI DSS assessments are valid for one year, with the next annual report due one year from the validation date. Reports that are 1 to 60 days late are noted in orange, and reports that are 61 to 90 days late are noted in red. Entities with reports over 90 days past due are removed from the list. It is the member’s responsibility to use compliant service providers and to follow up with service providers if there are any questions about their validation status. 2 Service provider Services covered by Validation date Assessor Website review 1&1 Internet AG Internet payment 31 May 2010 SRC Security www.ipayment.de processing Research & Consulting Payment gateway GmbH Payment processing a1m GmbH Payment gateway 31 October 2009 USD.de AG www.a1m.biz Internet payment processing Payment processing A6IT Limited Payment gateway 30 April 2010 Kyte Consultants Ltd www.A6IT.com Abtran Payment processing 31 July 2010 Rits Information www.abtran.com Security Accelya UK Clearing and Settlement 31 December 2009 Trustwave www.accelya.com ADB-UTVECKLING AB Payment gateway 30 November 2009 Europoint Networking WWW.ADBUTVECKLING.SE AB Adeptra Fraud Prevention 30 November 2009 Protiviti Inc. www.adeptra.com Debt Collection Card Activation Adflex Payment Processing 31 March 2010 Evolution LTD www.adflex.co.uk Payment Gateway/Switch Clearing & settlement 1 A PCI DSS assessment only represents a ‘snapshot’ of the security in place at the time of the review, and does not guarantee that those security controls remain in place after the review is complete. -
SBFM Report 2021
Small Business Finance Markets 2020/21 british-business-bank.co.uk Contents Foreword 3 Part B: Market developments 54 Executive summary 6 Small businesses and their use Introduction 10 of finance Aggregate flow and stock of 2.1 Macro-economic developments 55 finance to smaller businesses 12 2.2 SME business population 61 2.3 Use of external finance 67 Part A: The impact of Covid-19 on small business finance markets Finance products and the implications for 2021 15 2.4 Bank lending 75 1.1 Demand and supply of SME 2.5 Challenger and specialist banks 82 finance during the pandemic 16 2.6 Equity finance 89 1.2 Expectations for demand and 2.7 Private debt 102 supply in 2021 29 2.8 Asset finance 111 1.3 Finance can help the UK build 2.9 Invoice finance and back better 41 asset-based lending 116 1.4 The importance of and 2.10 Marketplace lending 121 challenges faced by alternative finance providers in 2020 47 Glossary 126 Endnotes 132 2 0.0 The British Business Bank’s mission is Foreword to make finance markets work better so smaller businesses across the UK can prosper and grow. Small Business Finance Markets 2020/21 Foreword Our unique position at the intersection of Covid-19 has had a devastating effect on the UK government and financial markets enables economy, particularly on the all-important small business sector that accounts for 61% of private sector us to identify and reduce imbalances in employment. It has also had a profound influence on access to finance; create a more diverse the operation of the finance markets serving small market; and increase the supply of finance businesses. -
FOI6236-Information Provided Annex A
FRN Firm Name Status (Current) Dual Regulation Indicator Data Item Code 106052 MF Global UK Limited Authorised N FSA001 FSA002 110134 CCBI METDIST GLOBAL COMMODITIES (UK) LIMITED Authorised N FSA001 FSA002 113942 Gain Capital UK Limited Authorised N FSA001 FSA002 113980 Kepler Cheuvreux UK Limited Authorised N FSA001 FSA002 114031 J.P. Morgan Markets Limited Authorised N FSA001 FSA002 114059 IG Index Limited Authorised N FSA001 FSA002 114097 Record Currency Management Limited Authorised N FSA001 FSA002 114120 R.J. O'Brien Limited Authorised N FSA001 FSA002 114159 Berkeley Futures Ltd Authorised N FSA001 FSA002 114233 Sabre Fund Management Ltd Authorised N FSA001 FSA002 114237 GF Financial Markets (UK) Limited Authorised N FSA001 FSA002 114239 Sucden Financial Limited Authorised N FSA001 FSA002 114265 Stockdale Securities Limited Authorised N FSA001 FSA002 114294 Man Investments Ltd Authorised N FSA001 FSA002 114318 Whitechurch Securities Limited Authorised N FSA001 FSA002 114324 Bordier & Cie (UK) PLC Authorised N FSA001 FSA002 114354 Thesis Asset Management Limited Authorised N FSA001 FSA002 114402 Wilfred T. Fry (Personal Financial Planning) Limited Authorised N FSA001 FSA002 114428 Maunby Investment Management Ltd Authorised N FSA001 FSA002 114432 Investment Funds Direct Limited Authorised N FSA001 FSA002 114503 Amundi (UK) Ltd Authorised N FSA001 FSA002 114563 Richmond House Investment Management Limited Authorised N FSA001 FSA002 114617 Birchwood Investment Management Limited Authorised N FSA001 FSA002 114621 IFDC Ltd Authorised N -
Bank of Scotland
Bank of Scotland plc (Incorporated with limited liability in Scotland with registered number SC 327000) €60 billion Covered Bond Programme unconditionally guaranteed by HBOS plc (incorporated with limited liability in Scotland with registered number SC218813) and unconditionally and irrevocably guaranteed as to payments of interest and principal by HBOS Covered Bonds LLP (a limited liability partnership incorporated in England and Wales) Under this €60 billion covered bond programme (the “Programme”), Bank of Scotland plc (the “Issuer”) may from time to time issue bonds (the “Covered Bonds”) denominated in any currency agreed between the Issuer and the relevant Dealer(s) (as defined below). The payments of all amounts due in respect of the Covered Bonds have been unconditionally guaranteed by HBOS plc (“HBOS” in its capacity as guarantor, the “HBOS Group Guarantor”). HBOS Covered Bonds LLP (the “LLP” and, together with the HBOS Group Guarantor, the “Guarantors”) has guaranteed payments of interest and principal under the Covered Bonds pursuant to a guarantee which is secured over the Portfolio (as defined below) and its other assets. Recourse against the LLP under its guarantee is limited to the Portfolio and such assets. The Covered Bonds may be issued in bearer or registered form (respectively “Bearer Covered Bonds” and “Registered Covered Bonds”). The maximum aggregate nominal amount of all Covered Bonds from time to time outstanding under the Programme will not exceed €60 billion (or its equivalent in other currencies calculated as described in the Programme Agreement described herein), subject to increase as described herein. The Covered Bonds may be issued on a continuing basis to one or more of the Dealers specified under General Description of the Programme and any additional Dealer appointed under the Programme from time to time by the Issuer (each a “Dealer” and together the “Dealers”), which appointment may be for a specific issue or on an ongoing basis. -
Wealth Management: Investment Views
Investment views Challenging the challengers Issue 7 | Second quarter 2020 Who are the challengers? Revolut, Monzo, Starling and N26 are becoming household names across Europe. These businesses are part of a new wave of challenger banks that have disrupted retail banking services, divided critics and amassed millions of users. They have attracted global headlines in the last two years as they enjoy compound annual growth rates nearing 45%1. In a recent conversation with our financial William Haggard Head of Investment Insights analyst Willis Palermo, we explored three key issues for Europe’s fintech fighters: 1. What does the emergence of challenger banks mean for established banks? 2. How are banks responding to the Covid-19 crisis? 3. Where do we stand on investing in challenger banks today? The following is an edited transcript of the interview, which you can listen to in full by clicking here. Willis Palermo Financial Analyst In with the new, out with the old? A key ingredient of challenger banks’ success has been their user-friendly mobile interfaces. Talk us through the user experience. Download the online app on your phone, create your login details, send over a picture of your ID card and you are up and running with a bank account. Many of us have joined this new wave of quick and easy challenger banks that have sprung up to facilitate everyday payments and foreign exchange transactions. The ease and simplicity of joining these banks (see Figure 1) is particularly popular with younger generations. In the UK, Monzo boasts 68% of users aged between 18 and 34, while the same age group makes up more than 50% of Revolut and N26’s customers.