European Brokerage · glossary
The Investor Compensation Fund, which pays retail clients when a firm such as Thalvia fails and cannot return their money or investments. It pays 9 in 10 of what is missing, at most €20,000, so €10,000 missing brings €9,000. It never pays for market losses. Schedule 5, paragraph 3 · Chapter 7
Explained in Chapter 7, Client Money, Client Assets and the Investor Compensation Fund, of European Brokerage.
Thalvia is a member of the Investor Compensation Fund for clients of Cyprus Investment Firms. Each EU country has such a fund under Directive 97/9/EC. The compensation fund pays a retail client when a firm cannot return the client’s money or investments.Read Chapter 7, Client Money, Client Assets and the Investor Compensation Fund →
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