ESKIMO makes sure that all of your investments are kept safe. Your investments, including the money invested in the Money Market Funds, are held separately from ESKIMO.
In the event something would happen to ESKIMO, your investments will not be treated as recoverable assets to ESKIMO’s creditors.
On Balance Sheet
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-
-
Held separately
Shares & Bonds
Money Market Funds
Derivatives
On Balance Sheet |
Held separately |
|---|---|
- |
Shares & Bonds |
- |
Money Market Funds |
- |
Derivatives |
At ESKIMO you can rest assured that your investments are held securely. ESKIMO uses a separate legal entity to hold your assets. This means they are held separate from the assets of ESKIMO. The sole task of this entity is to administer and safeguard your investments. By law, it cannot perform any commercial activities. In the event that something would happen to ESKIMO, your investments will not be treated as recoverable assets to ESKIMO's creditors and will remain in the safekeeping of the separate entity. This entity will hold your assets with third parties. Where possible or legally required, ESKIMO will require these third parties to provide for asset segregation so as to protect the investments of the clients of ESKIMO against their bankruptcy. Rules with regard to asset segregation are different in every country (both within the EU and outside the EU). If there is no asset segregation in relation to a third party in the custody chain, then the financial instruments held with that third party might be lost in case of the bankruptcy of that party. For more information, please see ISI – Investment Services.
ESKIMO is not a bank but an investment firm. A bank may use the money that clients keep with it for its own (business) purposes, loans to third parties and other investments. Since this carries forth a risk, the deposit guarantee system is available for banks.
Because ESKIMO is not a bank, it is not allowed to hold the money of clients on its own balance sheet or use it for its own investments. You thus do not keep money at ESKIMO. Money that ESKIMO receives from you is immediately invested (based on a standing order) in a Money Market Fund.
Money Market Funds are investment funds that aim, with as little risk as possible, to achieve a return that is equal to that stated at the pricing page. The value of these funds vary, just as with any other investment. If you want to invest, you can go for any investment package of your choice and follow the instructons to deposit.
The Securities Investor Protection Act (SIPA) is applicable, as ESKIMO is a licensed investment firm authorised by the Uk Authority for the Financial Markets for the provision of investment services.
Information about the Securities Investor Protection Act can be found in SIPC website here.
ESKIMO operates under supervision of The UK Authority for Financial Markets. ESKIMO is also registered with Company number NI627598.