Guaranteed Safety of Your Funds
- Segregated client funds in accordance with regulations
- Protected by Gibraltar Investor Compensation Scheme
- Additional parental guarantee from bwin.party holdings Ltd protecting segregated funds
We understand that in the uncertain world of global finance the security of client funds is essential to our customers. Any funds you deposit with InterTrader, and all profits you make, are handled responsibly and securely, and our innovative parental guarantee from bwin.party holdings Ltd ensures that retail clients’ funds are guaranteed in full.
Client money protection
As a customer of an authorised financial services company, you are given access to the Gibraltar Investor Compensation Scheme (GICS). In the very unlikely event that InterTrader becomes unable to meet its financial obligations you are entitled to make a claim from the GICS, which specifically covers retail customer deposits.
Additional parental guarantee
In many cases our clients will hold deposits that exceed the current protective measures provided by compensation schemes. To provide an extra layer of protection, and at no additional cost, bwin.party holdings Ltd has granted a parental guarantee indemnifying all segregated client funds held by InterTrader Ltd.
Note: the parental guarantee applies to retail clients, as all retail client funds are held in a segregated bank account. Under normal circumstances, professional clients will sign a title transfer collateral agreement to transfer funds, so these funds are no longer held under client money rules or protected by the parental guarantee.
bwin.party holdings Ltd is a major subsidiary of GVC Holdings PLC, one of the world’s largest sports betting and gaming groups. GVC acquired bwin.party in February 2016, and in March 2018 acquired Ladbrokes Coral Group PLC to become the UK’s largest high street bookmaker. A constituent member of the FTSE 100, GVC is capitalised at over £6bn (September 2018). With licenses in 20 countries, GVC has around 28,000 employees or contractors worldwide.
As such you can be safe in the knowledge that all segregated client funds held on deposit with InterTrader will be indemnified by this policy in the very unlikely event that we are subject to a disorderly unwinding of our business. There really is no greater protection of funds in the marketplace.
If you have any queries concerning this guarantee please contact a member of our dedicated support team at email@example.com or +44 203 364 5189 (Monday to Friday 24 hours a day).
InterTrader is a trading name of InterTrader Limited which is authorised and regulated by the Gibraltar Financial Services Commission (GFSC) and registered with the Financial Conduct Authority (FCA) in the UK, ref 597312. The GFSC is modelled on the FCA and maintains the same high regulatory standards, combined with the flexibility appropriate to a smaller jurisdiction.
The GFSC lays down strict rules on the handling of client money, so our retail clients can rest assured that their funds are fully segregated and ring-fenced. This means that not only funds deposited with us but total net available funds (including the value of open trades calculated on a mark-to-market basis) are held completely separate from our own.
Consequently, any money which we hold for our clients would not be used to satisfy the claims of any creditors should they arise. Even the bank cannot use the funds to offset against debt on any other bank account.
In greater detail
The segregation of client money from the firm’s money does not protect the client if the bank that holds the client money bank account goes into administration. However, each individual client could claim up to €20,000 under the Gibraltar Investor Compensation Scheme.
In the very unlikely event that we were to go into liquidation and there was a deficiency in the client money bank accounts, individual accounts are covered by the GICS, again up to a €20,000 maximum per client. At this point our parental guarantee would cover the difference between the maximum compensation and the full funds held on deposit.
We conduct daily financial reconciliations to ensure that we have adequate regulatory capital at all times. At the end of each trading day our segregated fund accounts are rebalanced to ensure that all clients’ available funds, as at midnight that day, are fully segregated.
For more about GVC please visit the group website.