A message from ITI Capital on operations during COVID-19
Dear Clients!
As COVID-19 (the coronavirus) continues to impact the global community, we want to assure you that during these volatile market conditions your assets and cash held with ITI Capital continue to be protected under CASS rules. As a firm, ITI remains well capitalised. In addition, we are doing what we can to continue providing you with the service you require from us.
In the build up to the recent events, ITI began implementing a multi staged BCP plan for all our critical functions globally. Based on guidelines from regulators and global health authorities, we have taken a number of steps to ensure business continuity and help halt the spread of COVID-19.
As ITI is a digital business, we have taken advantage of our investments in technology so that employees can work remotely in a safe and effective way. We have been coordinating efforts with our partners and suppliers so that the running of our platforms will not be impacted.
As part of our third-party impact assessment at this time, we have been advised by our bankers that any funds received in the form of cheque, is likely to be delayed and/or may not be settled. Therefore, for us to continue you to provide you with the highest level of support within our daily operations, we strongly suggest we use electronic fund transfers to send in any money you wish to be applied to your account.
We have also instated strict travel policies and instructed all employees in how to conduct both external and internal meetings through digital tools.
As this is an unprecedented time for all of us, and the situation continues to evolve each day, we will continue to follow the situation closely, and update our approach and measures as required.
Message for Clients of SVS Securities
As you are aware, the administrators of SVS have chosen ITI Capital Limited (“ITI”) to act as the single regulated broker to facilitate the return of your client assets and client money in an orderly and coordinated manner.
As part of this process, the vast majority of the SVS clients will become clients of ITI from the 11th of June, 2020. Your Client Statement made available to you by the Joint Special Administrators on 18 May 2020 identified which of your clients assets and/or client money are proposed to be transferred to ITI.
We will contact you individually with specific instructions on how to register for an account at ITI in due course. At this stage we are not in possession of your personal information or current holdings and therefore we are not currently in a position to assist you. We expect this to occur around the mid- July timeframe. Any query which you may have in the meantime should continue to be directed towards the Joint Special Administrators either by telephone on 0203 457 4871 or by email at svs@leonardcurtis.co.uk
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