At Sogexia, we understand the importance of protecting your funds, especially during times of economic uncertainty. While your funds are not covered by the Luxembourg Deposit Guarantee Fund (FGDL) or any other compensation scheme, we have implemented measures to ensure their safety.
Fund protection through a segregated account
To safeguard your funds, they are deposited in a segregated account held with a reputable European credit institution. Here’s how this protection works:
- Fund segregation: Your funds are kept in a dedicated, segregated account, meaning they are completely separate from Sogexia’s own assets.
- Protection in case of liquidation: In the event of liquidation, bankruptcy, or any financial difficulty affecting Sogexia, these segregated funds remain outside of our assets and are unaffected. They remain protected and available to clients.
Why is this measure reassuring?
Thanks to this arrangement, even in an economic crisis or financial difficulties for Sogexia, your funds remain protected and segregated from our assets. This structure ensures that your funds will not be used to cover Sogexia’s debts or other obligations.