Cash balance: PRIME+ balances are held at Scalable Capital Bank and several partner banks. At the start, these are four partner banks, with more to follow shortly. The distribution also takes into account the credit balance held in custody by Scalable Capital at the respective bank as well as the respective statutory deposit protection of € 100,000 per customer and bank and any supplementary protection schemes. In addition to Scalable Capital Bank, we distribute all other credit balances to partner banks and qualified money market funds. These rules for the distribution of credit balances are subject to change without notice.
We exercise due care and diligence in the selection, commissioning and regular monitoring of partner banks and qualified money market funds. As part of our due diligence, we continuously review the need for distribution among various banks and/or qualified money market funds. In doing so, we take into account the available capacities at the banks, the respective conditions of the banks and qualified money market funds, your model, your deposits and withdrawals, your trading activity as well as taxes and fees. This means that you can carry out all transactions regardless of how your assets are distributed. The distribution of your assets can vary continuously and is not subject to a fixed ratio. This can also mean that your credit balance is only held at a fiduciary bank or only at a qualified money market fund.
You can view the breakdown of your Scalable account balances in your monthly account statement and at any time in your customer area in the app or on the web.
Please note our risk information on the safekeeping of credit balances.
Securities: In the event of insolvency of Scalable Capital, you are entitled to the surrender of your securities. These are not part of the insolvency estate and are protected indefinitely.