The liquidators of the bankrupt Geneva-based online
brokerage and trading bank FlowBank activated a new platform to enable clients
to sell their securities directly before the November 15 deadline.
Asset Liquidation Process
Walder Wyss has enabled clients to log in and
liquidate their securities until November 15, 2024. This move aims to expedite cash retrieval and avoid the lengthier process of transferring
securities.
The liquidators noted that failing to take action may
lead to delays in accessing funds. To initiate the sale, the liquidators have
advised clients to access the online platform using their usual login
credentials.
“You now have the opportunity to sell your
securities directly via the online platform, which you can access via your
customer area. As the transfer of securities proves to be a time-consuming and
high-cost process, the sale and transfer of cash is simpler and faster to
accomplish,” the company mentioned.
“The liquidators encourage you to take advantage
of this efficient solution to get back your assets faster. Please ensure to
visit the client area to either request the sale of your securities or to
confirm your request for transfer. Not taking action may result in additional
delays.”
Liquidators have also released a guide to walk users
through the necessary steps. The securities will be sold at market value,
allowing clients to decide when to place their orders.
Important Considerations
Liquidators advise clients to transact during active
market hours to avoid order rejections. Once sales are finalized, the cash will
be credited to a designated bank account in either EUR or CHF within a few
days.
Importantly, any manual transfer of securities or
related requests will be suspended for two weeks following the platform’s
opening. This precautionary measure aims to streamline the liquidation process
for all clients.
For those with questions or needing assistance,
FlowBank’s customer service is available at +41 22 888 66 00 from 09:00 to 17:00 CET. The support team is prepared to address concerns and guide clients
through the liquidation process.
The liquidators of the bankrupt Geneva-based online
brokerage and trading bank FlowBank activated a new platform to enable clients
to sell their securities directly before the November 15 deadline.
Asset Liquidation Process
Walder Wyss has enabled clients to log in and
liquidate their securities until November 15, 2024. This move aims to expedite cash retrieval and avoid the lengthier process of transferring
securities.
The liquidators noted that failing to take action may
lead to delays in accessing funds. To initiate the sale, the liquidators have
advised clients to access the online platform using their usual login
credentials.
“You now have the opportunity to sell your
securities directly via the online platform, which you can access via your
customer area. As the transfer of securities proves to be a time-consuming and
high-cost process, the sale and transfer of cash is simpler and faster to
accomplish,” the company mentioned.
“The liquidators encourage you to take advantage
of this efficient solution to get back your assets faster. Please ensure to
visit the client area to either request the sale of your securities or to
confirm your request for transfer. Not taking action may result in additional
delays.”
Liquidators have also released a guide to walk users
through the necessary steps. The securities will be sold at market value,
allowing clients to decide when to place their orders.
Important Considerations
Liquidators advise clients to transact during active
market hours to avoid order rejections. Once sales are finalized, the cash will
be credited to a designated bank account in either EUR or CHF within a few
days.
Importantly, any manual transfer of securities or
related requests will be suspended for two weeks following the platform’s
opening. This precautionary measure aims to streamline the liquidation process
for all clients.
For those with questions or needing assistance,
FlowBank’s customer service is available at +41 22 888 66 00 from 09:00 to 17:00 CET. The support team is prepared to address concerns and guide clients
through the liquidation process.
This post is originally published on FINANCEMAGNATES.
