Orderuitvoeringsbeleid
In this document, we inform you about the way in which we execute securities orders on your behalf and the procedures that are followed, the order execution policy. This policy implements the requirements set out in the Financial Supervision Act (Wet financieel toezicht - Wft) and the accompanying regulations.
Our order execution policy aims to achieve the best possible result for our clients, where the following aspects may be of greater or lesser importance:
- Price of a financial instrument;
- Execution costs;
- Speed;
- Likelihood of execution and settlement;
- Size;
- Nature;
- All other aspects relevant to the execution of the order, such as the service level, the knowledge and experience of the order executing authority
Execution via Third Parties
To execute orders, B.A. van Doorn has selected a custodian bank with you, namely:
- ABN Amro Bank (Order Execution Policy)
- InsingerGilissen Bankiers (Order Execution Policy)
- Van Lanschot Kempen (Order Execution Policy)
- Saxo Bank (Order Execution Policy)
- ABN Amro Bank in België (Order Execution Policy)
B.A. van Doorn will, based on its ongoing monitoring activities, conduct an analysis and assess the quality of execution annually. The aspects underlying the selection include, in addition to existing or newly concluded agreements, the quality of order execution. This quality leads to “best execution”, taking into account, among other things, execution costs, the price of a financial instrument, and the speed and likelihood of execution.
When the Order Execution Policy Does Not Apply:
The order execution policy does not apply to the part of an order for which the client has given specific instructions. For example, you can give us instructions about: a specific market, a specific time for execution, a specific price, or conditions for an OTC transaction.
It is important to realize that giving specific instructions (including the negotiation leading to an OTC transaction) may make it impossible to ensure the best possible result for the execution of the order.
When B.A. van Doorn (and/or the investment firm engaged by it) must settle positions because you fail to comply with applicable (legal) rules (for example, due to margin requirements or topping up due to an overdraft), these actions do not fall under the scope of this order execution policy.
Evaluatie
B.A. van Doorn will evaluate the order execution policy annually and keep the client informed of changes. Each year, we assess whether the custodian bank’s order execution policy still leads to the best possible result for our clients. We also check annually whether the custodian bank properly follows the policy they have issued.
