FAQ - Alphayield

Wyoming, USA
Identification Number 2020-000967559.

Yes. MSB Registration Number: 31000214172329

What are the operating hours for AlphaYield?

AlphaYield’s trade desk provides execution services and trade settlement Monday through Friday during US banking hours (8:30 am – 5:00 pm EST).

Is AlphaYield open on holidays?

Trading and settlement services are not available during US bank holidays.
Link: https://www.chicagofed.org/utilities/about-us/bank-holidays

In which languages are trading services offered?

Español
Portugues
English

Is AlphaYield an exchange?

AlphaYield is an OTC (Over the Counter) trade desk. As an OTC desk, AlphaYield exclusively faces institutional clients. We offer deeper liquidity than exchanges. AlphaYield sources its liquidity and provides top of book pricing from several unique liquidity sources, including exchanges and non-exchange OTC venues. Unlike an exchange, we are NOT a custodian and are not authorized to hold customers’ fiat or crypto. AlphaYield provides self-custody services by delivering fiat and real crypto assets directly to clients’ wallets and bank accounts. Exchanges are often slow, rigid, bureaucratic and treat their client like a number. AlphaYield takes pride in being flexible, efficient, and responsive to the unique requirements of each client.

Which documents are required for AML/KYC?

All AlphaYield account applicants must fill out our online account application form and share the following documents:

Company Certificate of Incorporation
Company Memorandum and Articles of Association
Company Employer Identification Number (EIN) shown on IRS SS-4 form
Recent Corporate Bank Statement which includes the Corporate address dated within the past 90 days
Passport or Photo ID for all owners of 25% or more of the company (if applicable)
Proof of address for all owners of 25% or more of the company (if applicable) dated within the past 90 days

Am I able to send third party payments?

All third party payment requests must also include a copy of an invoice of goods sold from the vendor receiving the payment. All third party payments require approval from AlphaYield’s compliance team prior to trade execution.

Am I able to use NEO Banks?

All potential payment and banking institutions will be reviewed on a case-by-case basis. Please share all banking details during the AML/KYC account onboarding process.

Which countries and jurisdictions can AlphaYield send and receive from?

Entities, individuals, payment and banking institutions located in countries listed on the US Treasury Department OFAC List are banned from conducting business with AlphaYield. All clients are subject to ongoing compliance monitoring. All non-OFAC jurisdictions are reviewed on a case-by-case basis.

Within the United States, AlphaYield is not authorized to conduct business with entities and individuals incorporated and/or residing in the following states:

Alabama, Alaska, Hawaii, Kentucky, Louisiana, Maine, New Mexico, New York, North Carolina, Ohio, Rhode Island, South Dakota, Vermont, Washington, Puerto Rico

Can AlphaYield send and receive from Third Party Payment Institutions (i.e. Wise)?

Yes, AlphaYield can send and receive from Third Party Payment Institutions. All account applicants must submit proof that they hold a Corporate Account with the Third Party Payment Institution(s) during the AML/KYC account onboarding process with AlphaYield.

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