Euro Pacific Bank

Monetary Policy Impact on Interest Rates


Due to the introduction or ongoing levy of negative interest rates on account credit balances by some central banks and deposit banks, Global Trading will be applying a negative interest charge to unutilized cash in the relevant reference currencies (subject to the minimum thresholds below). As Global Trading places our clients cash very conservatively, we are sharing this burden and not completely recovering our costs for the benefit of our clients.

The charge will apply to all client accounts net free equity balances above the threshold currently indicated in the table below. We will endeavor to contact all clients that will be affected by this policy and provide them with some suggested alternatives to avoid these charges. These rates do not apply to bank account balances with Euro Pacific Bank, only unused cash held directly in Global Trading brokerage accounts.

The negative interest will be calculated daily on the net free equity exceeding the threshold and debited to the account at the end of each month for the interest period of the previous month (value date is the last day of the previous month).

The thresholds and negative interest rates are currently at:

Currency Threshold Negative Interest Rate (p.a.)
EUR >25,000 -0.40%
CHF >25,000 -0.75%
DKK >250,000 -0.65%
SEK >250,000 -0.50%

The negative interest rates indicated above will be charged as of 1 March 2017 and apply until further notice. The rates charged are subject to change. The information is also provided on the trading platforms and on Global Tradings Trading Conditions page.

The reference interest rates applied by the central banks are continuously monitored by Global Trading. If the negative interest rate environment was to change, Global Trading aims at adjusting the negative interest rates.

Thank you for your understanding. Please contact us if you have any questions.


August 29, 2022: Euro Pacific Bank liquidation has commenced. Please read our formal instructions here as it is time-sensitive.

September 2, 2022: Update on pending transactions, brokerage, and account migration.

September 8, 2022: Qenta has emailed a welcome letter to all EPB clients. You can read a copy of it here.

September 16, 2022: Update on pending transactions for clients opting out of Qenta Inc. migration.

September 28, 2022: Update on pending transactions for clients opting out of Qenta Inc. migration.

September 30, 2022: Update on bank liquidation, pending transactions, and migration of assets to Qenta Inc.

October 8, 2022: Update on opt-out deadline for EPB clients who do not wish to migrate their account to Qenta Inc..

October 14, 2022: Customer Update & Townhall.

October 21, 2022: Update on Opt-out deadline - Extended.

November 01, 2022: Mutual funds & outgoing wire requests update.

December 05, 2022: Migration & liquidation update.

December 16, 2022: Comprehensive FAQ is published.

January 27, 2023: Correspondent bank update.

March 8, 2023: Migration & liquidation update.

March 31, 2023: Migration & liquidation update.

April 20, 2023: Liquidation update- Action required.

May 05, 2023: Migration & Liquidation update.

May 31, 2023: Migration & Liquidation update.

June 17, 2023: Receiver's report.

June 23, 2023: Migration & Liquidation update.

July 20, 2023: Migration & Liquidation update.

September 01, 2023: Migration & Liquidation update.

September 22, 2023: Report & Communication Portal.

September 22, 2023: Report & Communication Portal.

November 20, 2023: Progress Report (Opt-out Only).

November 21, 2023: Migration Update (Opt-in Only).

February 02, 2024: Migration & Liquidation update.

February 19, 2024: Migration & Liquidation update.

March 03, 2024: Migration & Liquidation update.

March 11, 2024: Receiver's Reports.

April 13, 2024: Migration & Liquidation update.

April 16, 2024: Receiver's Reports.