Policies

Code of Conduct

Every employee of Amsterdam Trade Bank (ATB) is required to sign the bank’s Code of Conduct, which provides a clear statement of the bank’s ethical and cultural standards. Our culture is based upon a set of shared values and principles. These include working with integrity and respect for customers and employees. The following key duties and principles govern our conduct:

  • Best interest of customers: every employee is expected to be alert to conflicts of interest with customers, whether actual, potential or in appearance.
  • Applicable law: we have a duty to comply with the laws of the jurisdictions in which we operate, and to comply with the terms of agreements with our customers.
  • Customer and employee confidentiality: we must maintain confidentiality of information relating to customers and employees and comply with the data protection requirements imposed by jurisdictions in the Netherlands and abroad.
  • Information: customers must be provided with timely and accurate information.
  • Segregation and protection of assets: processes must be established for the proper maintenance, control and protection of customer assets.
  • Relations with regulators and supervisors: we seek open, responsive relationships with regulators and supervisors.

FATCA (W-8BEN-E)

Read ATB’s W-8BEN-E form, completed to document our status and compliance with the Foreign Account Tax Compliance Act (FATCA).

MiFID II

The aim of MiFID is to make European financial markets more transparent and to strengthen the protection of investors. MiFID II (Markets in Financial Instruments Directive) is a revision of the European Markets in Financial Instruments Directive that came into effect in 2007.

MiFID II will come into effect from January, 3, 2018.

As a licensed credit institution, Amsterdam Trade Bank will have to comply with the relevant MiFID II requirements. 

More information on MiFID II can be found on the websites of the AFM and ESMA.

To comply with MIFID II and MIFIR requirements Amsterdam Trade Bank has amended its existing terms of business, order execution policy, conflict of interest policy and business ethics policy which are now combined into the Amsterdam Trade Bank MIFID II Policy.

The MiFID II policy covers the MiFID II requirements applicable to Amsterdam Trade Bank, which can be found here:

Amsterdam Trade Bank MIFID II Policy

Amsterdam Trade Bank LEI: 724500EBILN0OBB7H893

General Banking Conditions (GBC)

The General Banking Conditions (GBC), that include the standard rules governing the relationship between clients and banks, have been simplified, clarified and amended. The GBC have been drawn up in consultation between the Dutch Banking Association (Nederlandse Vereniging van Banken) and the Consumers’ Organisation (Consumentenbond), and state your rights and obligations as well as ours. All banks in The Netherlands uphold the same conditions. The GBC entered into force on 1 March 2017. The Dutch Banking Association deposited the text with the Registry of the District Court in Amsterdam under number 60/2016 on 29 August 2016.

For more detailed information, we kindly refer you to the website of the Dutch Banking Association:

https://www.nvb.nl/english/2253/general-banking-conditions-algemene-bankvoorwaarden.html

Complaints policy

Complaints from our customers are taken very seriously. We will do our utmost to reply to any complaint as soon as possible. To ensure immediate response, customers are requested to forward any complaint by email to our Complaints department. If the solution suggested by the bank is not satisfactory, customers may consider forwarding their case to Klachteninstituut Financiële Dienstverlening (Kifid).

Contact us for more information

Cobra - Weller.PNG
Edwin Weller
Head of Integrity Department