Is an independent company specialising in money broking, treasury consultancy projects and training programs. The company is managed by a team who have a wealth of experience in financial risk management.
· MPC Treasury Services Limited (MPC) undertake to act as intermediary on behalf of its clients in the placement of sterling and/or currency wholesale money market deposits and/or foreign exchange transactions. MPC will not act as principle and will not handle clients’ funds. All payments in relation to deposits and/or foreign exchange settlements arranged by MPC are between the Bankers of the respective parties.
· MPC will only arrange the placement of deposits and/or foreign exchange transactions with those financial institutions previously approved by its clients.
· MPC will only arrange the placement of deposits and/or foreign exchange transactions for time periods as instructed by its clients.
· MPC will supply to its clients a written confirmation of each deal showing, names, addresses and settlement details of each party, type of deal (call deposit, fixed deposit or Foreign Exchange trade), currency, amount, interest rate or exchange rate, start date, maturity date or settlement date. A 'Fixed deposit' is deemed to be a contract to maturity and cannot be broken.
· MPC will at all times attempt to achieve the best possible rates from the counterparties available on the approved list of its clients. MPC will not deliberately withhold for financial or other gain from clients information, which would affect the placement of a deposit and/or transaction of a foreign exchange deal.
· In the case of deposit repayment or foreign exchange settlement, funds will only be returned to the account details supplied in writing to us by our client. Any amendments to these instructions must be communicated, in writing on client company letterhead, to MPC prior to any amendments being accepted.
· MPC will not accept any instructions from a client to transact third party payments from deposit or foreign Exchange trades.
· MPC will only transact business on behalf of its clients when instructed to do so by authorised personnel.
· In the case of dispute or non-receipt of funds by the client or financial institution, MPC will make best endeavours as intermediary to ensure a prompt resolution.
· MPC will supply deposit and/or foreign exchange rates from a range of alternative financial institutions, which are currently active in the money markets. The provision of rates from any financial institution is not a recommendation from MPC as to the creditworthiness of the institution concerned or a recommendation to clients to place deposits and/or transact foreign exchange with an institution.
· MPC will not be held responsible for any loss incurred due to the failure, (or for any other reason) of any institution in receipt of clients’ funds.
· In respect of foreign exchange transactions, non-delivery of the currency sold by the client could incur a significant cost arising from the selling bank “closing out their position” at a disadvantageous market rate. Any such losses will be bourn by the client
· MPC will not release to any third party details of clients’ financial transactions without its clients’ prior written approval, unless compelled to do so in accordance with United Kingdom Law.
· MPC will not charge clients for its services as a wholesale money broker/Foreign Exchange Broker. MPC receives remuneration from the financial institution in receipt of clients’ funds.
· Our status to act in this capacity is detailed in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 and confirmed in writing by the FSA. We are registered with HM Customs and Excise for Money Laundering Regulations, Registration No. 12207875
· Telephone calls are recorded for security purposes.
· All deposits placed through MPC are deemed to be wholesale in nature, which may affect your rights to compensation in the event of losses. MPC recommends that you seek professional advice if you are in any doubt about this.