BrokerCreditService (Cyprus) Limited is a Cypriot investment company regulated by the Cyprus Securities and Exchange Commission ("CySEC"), Authorisation #048/04. BrokerCreditService (Cyprus) Limited ("BCS Cyprus" or "the Company") was incorporated in Cyprus on 7 December 2004, Registration Number HE 154856. As of November 2005 the Company is the London Stock Exchange member, Member ID BRCRCY21. Since the Company’s incorporation its main objective was the provision of financial services. More about us...
BrokerCreditService (Cyprus) Limited is a European compliant member of BCS Group of companies. The group carries out a wide spectrum of investment activities for individual and corporate clients. Brokercreditservice Ltd, the leading BCS Group member, has been repeatedly awarded and nominated as one of the best investment companies in Russia.
BCS Financial Group and J.P.Morgan to launch a joint product
BrokerCreditService Financial Group (BCS, BCS FG, BCS Group) and J.P.Morgan are launching a joint product for Russian and Cypriot professional investors.
J.P.Morgan will issue a structured note linked to BCS Global High-Yield Bond Index, an index created by BCS FG investment specialists.
The note’s objective is to provide professional investors with an instrument earning performance in US dollars potentially above that of Russian Eurobonds and deposits with the most reliable banks yet assuming a lower level of market and credit risks, thanks to the broad diversification of the index portfolio.
“We are proud to launch this joint project with J.P.Morgan, a highly respected global bank,” Oleg Mikhasenko, President and CEO of BCS FG, commented. “The new product will enable our clients, professional investors both in Russia and Cyprus, to expect decent investment returns in US dollars by investing in an instrument issued by a major global institution.”
BCS plans to target clients looking for dollar performance, yet keeping risks reasonable.
Despite the ongoing rally on the global bond market, BCS analysts believe that yields are still attractive.
Global high-yield eurobonds are still undercovered by most analysts, which provides an opportunity to offer promising investment ideas.
The BCS Global High-Yield Bond Index Linked Note has an ISIN and is Euroclearable, thus making possible to purchase it on any platform like common Eurobonds.
For further information, please contact Karen Kesoyan, +7 985 644 9914
BCS Financial Group is a leader of Russia’s securities market. The Group has a nation-wide office network. BCS is a major player in terms of client base size (250,000+ clients). Since its creation in 1995, the Group has established a reputation of a reliable business partner both among investors and professional community.
Important Notice: The product presented throughout this announcement, is considered a complex financial instrument, and thus it is intended for private and institutional investors with an extensive experience and deep knowledge in the financial markets and financial instruments sufficient to understand and properly assess the risks involved.
We, BrokerCreditService (Cyprus) Limited ("BCS"), wish to inform you of the following in respect to the US-sourced income in form of FDAP — fixed and determinable annual or periodical payment (for example wages, dividends, interest, rents, royalties, or the gross proceeds from the sale of US property that is capable of producing US source interest or dividends.):
- In connection with requirements of US tax legislation and US Internal Revenue Service, BCS shall disclose information on its clients making transactions on US trade venues to US Internal Revenue Service.
- A tax rate applied to the state of which BCS’ client is a resident will be applied to US payments mentioned in p. (1) above.
- In case you wish BCS not to disclose information about you to US Internal Revenue Service, please inform us appropriately.
- In case BCS does not disclose information about you to US Internal Revenue Service, a 30% tax rate will be applied to such payments.