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Interest policy
and currency options

 

The Novia Global Platform operates in a number of currencies.

This provides flexibility for you to:

  • invest in the expected currency of the client’s expenditure; managing the risk of currency fluctuations.
  • pursue multiple investment strategies in a single currency or across different currencies
  • work with one or more Portfolio Management specialists
  • invest and disinvest in a range of currencies

The Service reports and facilitates investment in US Dollars (USD), Sterling (GBP), Euros (EUR), Swiss Franc (CHF), Australian Dollars (AUD) and Hong Kong Dollars (HKD).

In each currency holding there is a cash facility. This provides liquidity within the account and holds funds for investing and withdrawing. Money from sales and dividends from within the specific currency holding will be paid into its cash facility and the relevant fees and charges will be paid from it.

A minimum of 2% of the value of the currency holding will be maintained in the cash facility to meet these obligations. All cash and investments are handled by Novia Global in accordance with the client money rules of the Financial Conduct Authority.

Interest rate policy

Our platform

Novia Global was set up in October 2014 to offer online wealth administration to offshore advisers and their clients. The platform allows professional advisers to trade into and out of assets on your behalf through an online system.

The system has a cash facility to enable you to hold sufficient monies to cover your forthcoming need to pay fees (we require 2% of your overall investments to be held in cash for these purposes).

Consequently, these facilities are not designed to be interest-bearing accounts where you can seek interest-bearing returns and therefore, Novia Global retain all interest on monies held in the cash facility.

Negative interest rates

In the event there are negative interest rates we will follow those provided by our main trading bank HSBC Jersey plc, who may apply a margin. We will also apply our own margin of 40bps to any negative rates to cover our own costs for holding cash.

We also apply the 40bps margin on positive rates lower than 0.4%.

If interest rates are positive, Novia Global will normally receive a margin. Currently, across all currencies, we are receiving a blended rate of interest of 3.30% as at 31/12/2025. This rate changes regularly with movements in interest rates and this policy will be updated each quarter to confirm the blended rate at the time.

 

Long-term objectives

We issue regular reminders to your adviser about the long-term nature of our proposition and the need to invest in assets over the long-term depending on your objectives and attitudes.

You and your adviser have access to money market funds in which to invest. However, if your long-term objectives and attitudes are not being met by our proposition and you are looking for a deposit facility, then you might want to consider moving away.

We do not apply the platform charge to any monies held in cash.

The platform that grows with you

Our reporting tools are regularly updated to make sure clear insight is there whenever you need it. For a second opinion on how best to use our reporting tools to manage client wealth, our experts are on hand to help.

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