Sucden Financial Hamburg Information and Disclosures
General Information
Sucden Financial Hamburg GmbH (SFH) is an investment services company based in Germany that is licensed and supervised by the German Federal Financial Supervisory Authority (BaFin) under the ID 10161993.
SFH offers services in the area of price determination and execution of derivative contracts on base metals listed on the London Metal Exchange (LME).
Further information on these products can be found on the London Metal Exchange website here.
1. Information on the financial instruments and investment strategies offered
- Financial instruments: SFH offers base metal derivative contracts listed on the London Metal Exchange (LME).
- Target market: These financial instruments are aimed exclusively at professional clients who are familiar with the corresponding risks.
- Guidelines: Investing in these financial instruments requires a good understanding of derivative products, the LME contract structure and the associated risks.
- Non-advisory business: SFH provides its clients exclusively with non-advisory services within the meaning of Section 63 (10) WpHG.
- Order channels: The client can transmit his order to SFH via the following channels: In writing by phone, e-mail, or lor electronically via agreed platforms. All channels will be recorded to meet regulatory obligations.
2. Risk warnings
- Trading in derivatives entails considerable risks, including the risk of losses that may exceed the capital invested. SFH strongly recommends that you familiarise yourself with the specific risks before making any trading decision.
- For Professional Clients and Eligible Counterparties, SFH does not carry out an appropriateness test within the meaning of Section 63 (10) WpHG or, in accordance with Art 56 of Delegated Regulation (EU) 2017/565, as we may assume that these client groups can understand, assess and evaluate the risks of the selected forms of investment.
- In this context, SFH would like to point out that no information is obtained in accordance with Section 63 (10) and Section 64 (3) WpHG and that no warning is issued in accordance with Section 63 (10) WpHG except in the cases prescribed by law.
- SFH expressly points out that various protective provisions under the Securities Trading Act (WpHG) are not applied in favour of "professional clients". The law offers "professional clients" the option of agreeing separately to be categorised as retail clients.
- SFH operates as an executing broker and may offer indirect clearing. If indirect clearing is not agreed as a service, SFH can only offer execution services if the client has appropriate clearing arrangements in place. For execution-only services the clearing broker will be responsible for collecting payments and margin from the client.
3. Information on costs and ancillary costs
- Costs of investment services: SFH charges fees for the pricing and execution of LME-listed derivatives, which vary depending on the contract and volume.
- Ancillary costs: Additional ancillary costs may include exchange fees and transaction processing fees.
For further information or detailed cost breakdowns, please contact us at any time.
4. Payment options
As set out above, where SFH only provides execution services an appropriate agreement with the LME clearing broker will need to be in place and payment will be made directly to the clearing member.
5. Means of communication
Customers can submit their orders to SFH electronically, by telephone or in text form by e-mail or on pre-agreed electronic messaging platforms. Customers can communicate with SFH in German and English.
If SFH cannot be reached via one of the aforementioned means of communication when the order is placed, the customer shall be obliged to switch to another of the aforementioned means of communication. No order will be deemed to have been received until confirmation of receipt is provided.
Communication by e-mail, e.g. in the context of making contact, is not suitable for the encrypted transmission of confidential information. However, if SFH receives an e-mail from clients or interested parties, SFH concludes that SFH is also authorised to reply by unencrypted e-mail, unless another form of communication is expressly requested.
6. Recording of telephone conversations and electronic communication
Telephone calls and electronic communication with SFH are recorded and stored by the SFH for regulatory purposes and for the continuous optimisation of service quality.
Based on legal regulations, telephone conversations are recorded. SFH will retain the recorded telephone conversations and electronic communications for five years. In individual cases, the retention obligation may be extended on the instructions of the supervisory authorities. The customer may request the surrender of a recording of the telephone conversations held with SFH.
7. Information on securities transactions and their settlement
Unless otherwise agreed, SFH will sends a recap to its clients after each transaction in financial instruments in which SFH informs the client of the key data of the transaction. Position and equity statements will usually be provided by the client’s clearing broker as per agreement with them.
8. Legal information
The provisions of the general terms and conditions of SFH apply. All clients will receive specific Terms of Business setting out the contractual basis for all services provided. Please do not hesitate to contact us for further information.
Responsibility for the contents of this page and Sucden Financial Hamburg GmbH company information
Sucden Financial Hamburg GmbH is a subsidiary of Sucden Financial Limited. SFH a limited liability company registered with the commercial register of the local court of Hamburg under the register number HRB 179298 with its business address in Am Kaiserkai 69, CS Business Center GmbH, 20457 Hamburg (phone: +49 40875 07300, email: [email protected]).
Sucden Financial Hamburg GmbH
Am Kaiserkai 69, CS Business Center GmbH,
20457 Hamburg
Tax ID number: VAT ID DE367447456
Commercial register: Hamburg District Court HRB 179298
Seat: Hamburg
Managing Directors: Barry Gershon, Christoph Domisch
Telephone: +49 40875 07300
Email: [email protected]
LEI code: 213800HVSH1X2EXUQS59
Supervisory Authority Information
Sucden Financial Hamburg GmbH is licensed and supervised by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) as an investment firm with BaFin ID 10161993 .
The responsible supervisory authority is:
Federal Financial Supervisory Authority (BaFin)
Graurheindorfer Str. 108
53117 Bonn
or
PO Box 1253
53002 Bonn
Dispute resolution
The European Commission provides a platform for online dispute resolution (OS): https://ec.europa.eu/consumers/odr.
You can find our email address in the company information above.
We are not willing or obliged to take part in dispute resolution proceedings before a consumer arbitration board.
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Sustainability-related disclosures
Sucden Financial Hamburg GmbH (SFH) provides the following sustainability-related disclosures as required under German law:
- Statement on the principles for sustainability risks
SFH does not have an overarching formal policy for the integration of sustainability risks into its investment decision-making and advisory processes. A corresponding policy will be developed if investment advice is offered to clients. - No consideration of negative impacts of sustainability
SFH does not provide any investment advisory services. The disclosure requirements in accordance with Regulation (EU) No. 2019/2088 (SFDR) will be observed if investment advice is offered to clients in the future. - Declaration on the remuneration policy
The SFH remuneration policy does not create any incentives to take excessive sustainability risks. The managing directors ensure that no remuneration structures are created that lead to corresponding disincentives. The Code of Conduct for Good Corporate Governance is anchored in the guidelines, procedures and control systems
Key Client Documentation and Compliance Policies
Raising a Complaint
We aim to provide a high standard of service to all our clients on every occasion.
However, if you wish to raise a complaint about any aspect of our service, you can contact your normal account manager or our Compliance Team via phone on (+44) 203 207 5000, via email at [email protected], or send a copy of your complaint to:
Compliance Team
Sucden Financial
Plantation Place South
60 Great Tower Street
London, EC3R 5AZ