Notice for clients purchasing securities in different currencies
Important notice
When purchasing securities, sufficient cleared
funds must always be available to cover purchase
instructions. If you instruct us to make a purchase of a
security denominated in one currency and settled in another
currency (the settlement currency), you are liable for ensuring
that sufficient money to ensure settlement is available in the
settlement currency at the time of giving the purchase
instruction. If you do not do this, we will action a foreign
exchange deal upon receipt of the confirmation of trade from the
broker. This may mean that you receive a different exchange
rate to the one used to calculate the original cost of purchase,
which could lead to an increase in the overall purchase price. This
could result in your account becoming overdrawn and being subject
to overdraft charges and interest, as detailed in condition 14 of
our current Terms and Conditions.