Your ER account will generally operate within an electronic account as set out in Freedom Finance Global PLC's General Terms of Business, with a few important differences:
1. ER accounts will not be available for direct cash deposits and withdrawals through third party financial institutions.
2. Transfer of funds from ER accounts to your trading or deposit accounts with Freedom Finance Global PLC is subject to the prior approval of Euroclear Bank.
3. We will not be able to transfer cash from your ER account if the total cash receipts into your ER account exceed the equivalent of EUR 100 thousand.
4. There are no restrictions on the withdrawal of securities from the ER account; however, your assets will be indicated as belonging to a national of Russia in the outgoing transfer documentation.
5. At this time, we are not able to facilitate the transfer of tradable securities from your ER account to your trading account to allow them to be traded online. This may change in the future, but we cannot provide any assurances or guarantees as to when this will happen, as much will depend on our counterparties and their attitude towards Russia related business.
6. Securities held in an ER account may in certain cases be sold through over-the-counter transactions, however please note that proceeds from such transactions will count towards the EUR 100 thousand limit on the ER account and may therefore result in a general freezing of the funds.
7. The ER account effectively replaces the electronic account you previously had with Freedom Finance Global PLC. Please note that due to the nature of the restrictions imposed by Euroclear Bank, we will not be able to continue providing standard electronic account services in relation to your assets.