Client classification

Client classification

Each Client of the Bank, who is making a transaction regarding financial instruments and products or is using investment services or the service of maintenance of a securities account, shall be assigned to one out of following three categories:

  • Retail Customers – the Bank provides them with the broadest protection cover,
  • Professional Customers - the Bank provides them with protection, which is narrower than for Retail Customers. According to the MiFID Directive Professional Customers have appropriate know how and experience to properly assess the risk involved with making investment decisions,
  • Eligible Counterparties - the Bank provides them with the narrowest scope of protection. According to the MiFID Directive Eligible Counterparties have extensive knowledge of financial instrument and product markets.

Clients are eligible for the right to apply for a change of Client category assigned previously by the Bank.