General Risk Disclosure

This document provides an overview of the risks associated with our Treasury Product and investment in Money Market Funds (MMFs).

We offer a range of Funds via the Platform:

BlackRock ICS Sterling Liquidity Fund
BlackRock ICS US Dollar Liquidity Fund
BlackRock ICS Euro Liquidity Fund

The Funds seek to maximise current income consistent with the preservation of principal and liquidity through the maintenance of a portfolio of high quality short-term "money market" instruments. The portfolio invests primarily in first-tier securities, which include commercial paper, certificates of deposit, floating rate notes, time deposits and fully collateralised repurchase agreements. The investment manager will take into account certain environmental social and governance criteria when selecting investments, as detailed in the Fund’s prospectus.

Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund. On any day where the net return (i.e. return less costs and expenses) of the Fund is negative an Accumulating Share Class of the fund will see a decrease in the NAV per Share. Some of the risks that may occur through investing in this product:

Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.
Credit Risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due.

Round does not hold client money or client assets, this is done by WealthKernel Ltd and Interactive Brokers (UK) Ltd. WealthKernel Ltd is regulated by the FCA (FRN: 723719). Interactive Brokers (UK) Ltd is regulated by the FCA (FRN: 208159). If the Custodian is unable to return your assets to you, you may be able to make a claim to the FSCS up to £85,000.

The investment services we provide are on an execution-only basis and we do not offer investment advice or make any assessment about the suitability of the Fund for you. Seek professional advice if you are unsure of the suitability of any investment.

You should always read the Key Information Investor Document (“KIID”) before investing. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up and you may not get back the full amount you invested. If you are in any doubt about making an investment you should consult a financial adviser.

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Disclaimers:
Nothing on this site is a recommendation to invest. Round does not offer financial advice. If you are unsure about investing we encourage you to speak to a financial advisor. Your capital is at risk when investing.

Round Financial Limited (FRN: 995009) is an appointed representative of Wealthkernel Limited, which is authorised and regulated by the Financial Conduct Authority (FRN: 723719). Round Financial Limited is a company registered in England and Wales with company number 14609702. Registered office Laundry Studios, 2 Warburton Road, London, E8 3RT.

Round Financial Limited is an agent of Plaid Financial Limited, an authorised payment institution regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 (Firm Reference Number: 804718). Plaid provides you with regulated account information services through Round as its agent.

Round acts as an Introducer to Insignis Asset Management Limited (Insignis Cash). Round receives a revenue share in return for introducing clients to Insignis Cash. Insignis Cash is a trading name of Insignis Asset Management Limited (Company number 09477376). Insignis Asset Management Limited is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017 (813442) for the provision of payment services.

Keel Money Ltd. Ltd is an Electronic Money Institution authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 1020783). Client funds are safeguarded in UK- or EEA-authorised credit institutions but are not protected by the Financial Services Compensation Scheme. Round Financial Limited is appointed under Regulation 33 of the EMRs to distribute and/or redeem electronic money on behalf of Keel Money Ltd. and is not itself authorised to issue electronic money or provide payment services. More details can be found in the Keel End-User T&Cs, which you must agree to before using any services provided by Keel Money Ltd..

* Rates quoted are the net daily yield from BlackRock ICS Sterling Liquidity Fund as of 13 November 2025. Performance shown as Annual Equivalent Rate (AER) — the annualised rate of return based on daily-compounded NAV growth, including BlackRock fees and Round fees. See pricing page for more details.

** Withdrawal requests must be made by 10:30am for funds to be in your account by the end of the day.

***Assuming your business is eligible for up to £120,000 FSCS protection. Balances over £120,000 per bank will not be protected across all your cash holdings. The Financial Services Compensation Scheme (FSCS) does not cover any e-money products or any products offered by Frost Money Ltd. E-money is not a deposit, savings or investment product and is therefore not protected by the FSCS.