The continuously evolving nature of the global coronavirus situation has meant we at BCS Global Markets (BCS) are taking all necessary steps to keep business disruption to an absolute minimum.

Effective from the 18th of March, employees from all divisions of the business based in our Russia, UK, USA and Cyprus offices who can work from home without creating any even minor possible risk for business continuity of the Group will be working remotely. It is very much business as usual at BCS. Our employees are equipped with secure access to our systems and will follow their normal working hours, keeping in regular contact with their colleagues and clients.

Despite ongoing disruption caused by COVID-19, we want to also assure you that following a sustained period of positive performance, our capital and liquidity position remains very strong. The business is well-placed to meet any subsequent financial challenges and will continue to go above and beyond for our clients.

Our business has robust infrastructure, thorough risk-management and leading IT systems in place that can withstand the disruption we all face. We have already rolled out strong contingency plans that will maintain the resilience of our business, and we can say with conviction that these measures will not affect our ability to provide you with the highest level of service, support, integrity and due-diligence you expect.

We will of course be monitoring and reviewing this arrangement on a continuous basis, and will keep you informed of all developments.

We are deeply appreciative of our clients' continued support and understanding during these testing times and wish you, your colleagues and families good health.

If you have any questions or queries concerning these new arrangements, please do not hesitate to get in touch at any stage.

Thank you,
co-CEOs Maxim Safonov and Aleksey Gonus