European Brokerage · glossary
Keeping clients’ investments safe: the second service on Thalvia’s licence, which it may offer only alongside passing on orders. Thalvia does it through Holmbrecht. The bank holds the investments apart from its own and Thalvia’s, in one account in Thalvia’s name for all its clients. Clause 10.1 · Chapter 2 · see Executing bank
Explained in Chapter 2, The Licence and the Passport, of European Brokerage.
CySEC licensed Thalvia in March 2026. The licence covers two services. Thalvia receives orders and passes them on, and it keeps clients’ investments safe, which the law calls safekeeping. Holmbrecht holds the investments for Thalvia.Read Chapter 1, What an Online Broker Does, and Why Its Client Agreement Matters →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of European Brokerage and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open European Brokerage → · All terms A–Z →