@Freetrade_Team does Freetrade have any exposure to SVB?
Cheers
No we don’t. Client monies and corporate cash are all held elsewhere. We deliberately hold balances with multiple banks too as a further precautionary measure.
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Cheers!
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I think you guys should send an email clarifying this. Not everybody will see this clarification.
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That is very reassuring.
Minding the probability of fresh bank runs tomorrow (Monday), are you able to list Freetrade banking partners? Are you materially above the FSCS limit in any account?
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@rockey good shout on both points but I expect given speed of events, and Bank of England/Treasury statements this morning dust hasn’t begun to settle yet, which might render any communication on the situation stale very quickly.
We’ve been working with our VC portfolio companies over the weekend to get a view on risk and exposure - it’s not a small undertaking.
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