1. Purpose
This Order Execution Policy (“Policy”) describes a set of steps that will be taken by EFG Bank Ltd, (the “Bank”), to obtain, when executing orders, the best possible result for its clients (“Clients”).
The Bank has established and implemented arrangements, including this Policy, which are designed to allow the Bank to meet the regulatory requirement to obtain the best possible result for its Clients’ orders. The process of obtaining such best possible result shall be referred to as “Best Execution”.
As set out in the Bank’s General Conditions of business, as the same shall be amended and supplemented from time to time (“General Conditions”) the Bank may, at its discretion, decline to accept instructions and orders from a Client at any time.
The Bank’s commitment to provide Best Execution does not mean that the Bank owes a Client any fiduciary responsibilities over and above the specific regulatory obligations placed upon the Bank or as may be otherwise contracted between a Client and the Bank.
This Policy is supplemented by appendices which provide further details to our execution considerations as they relate to differing asset classes. The appendices cover the following products and should be read in conjunction with this Policy:
- Equities- shares & depositary receipts;
- Debt instruments;
- Currency, equity, commodities and securitized derivatives;
- Foreign Exchange;
- Structured Products; and
- Exchange traded products.