Changes in the Terms of Business

We would like to inform you that our Terms of Business have been updated as follows:

•    Section “Safeguarding and Administration of Clients’ Assets” has been updated to (a) provide additional information in regards to the risk of loss of your assets in the event of insolvency or bankruptcy of the third party where we keep your assets, and (b) to clearly disclose to you that unless otherwise provided in writing, Alfa Capital Markets Ltd will not pay interest on any clients’ funds.
•    Section “Instructions for the Purchase of Securities of a New Issue” has been added to reflect the conditions and limitations while executing your instructions for the purchase of a New Issue.

The updated Terms of Business apply from the date of their publication, and will be available on our website for your ease of reference at:

The existing clients should note that their business relations with Alfa Capital Markets Ltd will be regulated by the version of the updated Terms of Business corresponding to their client category (retail client, professional client or eligible counterparty).

Alfa Capital Markets Ltd encourages all its existing and potential clients to review the updated Terms of Business and take them into consideration for future business decisions. Should you have any questions relating to the above, please contact us at