Execution Only Policy
Introduction
CAM offers a limited Execution Only Service whereby we will execute and settle a trade at your specific instruction. Execution Only services are only available to existing CAM Clients. Such transactions are completely separate to your Discretionary Management Service and CAM does not provide any advice in relation to them. All execution orders will be executed via Platform Securities LLP, our Custodian and with whom all our trading is carried out through. Please see our Best Execution Policy for further details on Platform Securities.
You should be aware that CAM is not the best option for Execution Only dealing and other brokers will be able to provide a cheaper service.
We are providing a limited service only; we are not offering analysis of your financial affairs nor an analysis as to the suitability of the investments concerned. MiFID II requires that we address the appropriateness of products for clients and also designates that complex products are not appropriate for retail clients. To this effect, CAM will not provide Execution Only services in relation to Complex Instruments for retail clients.
CAM will only accept an order to execute a purchase with the required signed form and when in possession of cleared funds.
CAM will only accept an order to execute a sale when we have received the required signed form and possession of valid cover for the trade are supplied, which should include all share certificates, transfer forms, letter of authority and any other documents required for completion of the trade.
Trade execution will be affected as soon as reasonably practicable after receipt of valid instructions. However, CAM does not accept responsibility for losses incurred as a result of a delay outside of our control. Trades will be subject to our Best Execution Policy and details of our current policy can be found on our website.
You agree to maintain your Execution Only account in credit at all times, including sufficient funds to cover dealing and custody costs and any fees and charges agreed with CAM.
All dealing will be subject to a minimum of £10,000 per transaction.
All Execution Only transactions will be subject to standard dealing charges as agreed and, in instances where we are securing custody for you, a separate fee will be levied as agreed.
Procedure
To carry out an Execution Only trade, all clients will need to have opened an Execution Only account in advance of trading.
You will need to complete a current Execution Only Trade form for each transaction. This form is available from your Investment Manager.
You must submit the current Execution Only Trade form to the Investment Team by 10:30am London time for same day processing.
The form must be completed in full with your signature. In some cases, we may need to verbally confirm your instruction with you.
On completion of trade/settlement, CAM will provide a contract note of the trade to you for your records.
Compliance Code: MQ3678 June 2020