Regulations (FAIS)
Unum Capital Alpha Centric, Unum Capital Trading Services and Unum are brands and business units of Unum Capital (Pty) Ltd, an authorised Financial Services Provider (FSP 564).
Unum Capital (Pty) Ltd, acts in an agency capacity, offering advice and Intermediary services (Cat I) and / or discretionary (Cat II & IIA) portfolio management.
Unum Capital is not an over-the-counter (ODP) derivatives provider and does not, as a feature of its business act as principal, originate, issue, sell or make a market in over-the-counter (OTC) derivatives.
All our clients’ trades are fully hedged with regulated local and/or Foreign over-the-counter derivatives providers, including the group company Unum Prime (Pty) Ltd, an authorise ODP with license number 081.
Regulations (FAIS)
Unum Prime (Pty) Ltd is an authorised OTC Derivative Provider ("ODP") with registration number: 2020/679752/07 and ODP license number: 081.
An ODP means a provider who as a regular feature of its business, transacts as principal and who originates, issues or sells OTC derivatives and/or makes a market in OTC derivative(s).
An OTC derivative(s) refers to financial contracts that is traded directly between two parties, outside of a centralised exchange, excluding foreign exchange spot contracts and physically settled commodity derivatives.
Unum Prime offers a “Swap”, ‘TRS” or “total return swap", meaning a OTC derivative in which one party receives the full returns, including income and capital gains or losses, of an underlying reference asset, while the other party pays a fixed or floating rate in exchange.