AGENT IN THE SECURITIES TRADE AT THE STOCK MARKET

Čačanska banka a.d. Čačak – a member of the Central Register and the Belgrade Stock Exchange, renders to its clients at the financial market of the Republic of Serbia the services of agent in the trade of the following securities:

• shares
• bonds
• treasury bills

Note: When you open a securities account in Čačanska banka a.d. (the authorized bank for brokerage-dealership activities) your will register your shares from the procedure of enterprise privatization within the Central Register as a preliminary condition for acknowledging ownerships and other rights that the shares entail.

Agent in the trade of shares

Only at the Belgrade Stock Exchange through a stock exchange broker!!!

All shares listed at the Belgrade Stock Exchange may be traded on working days.Trading reports may be found at the web site of Belgrade Stock Exchange www.belex.rs  

The procedure of selling shares

• Please bring the Certificate on the ownership of shares (issued by the enterprise) and ID card.
• You will conclude a Contract on opening and maintaining of the securities account with Čačanska banka a.d. as an authorized bank for securities trading. At the same time we will open the ownership account for securities within the Central Register of Securities – we will carry out the registration (transfer) of your shares to your new account.
• You can also open a special purpose dinar account for the inflow of funds from the sale of shares, if you do not already hold one.
• Each client will be provided with relevant information relating to the movements of share price, the method of trading, costs etc.
• You will sign the Contract on mediation in securities trading with Čačanska banka a.d. as an authorized bank for securities trading, and the order for the sale of shares (which may be signed by the person titled in the confirmation or an authorized person)
• Auction of all securities issuers are held every working day.
• Balancing of accounts (transfer of the funds to the account of the seller of shares) is carried out three working days from the date of the shares selling at the stock market.
• After the order for sale is settled, each client is provided the certificate on the shares sale at the request, which is used for the payment of the tax on capital yield (temporarily abolished until 31.12.2009) if it is realized (if the sale price is higher than the nominal price)

Costs of selling shares (other Institution Costs)

The procedure of purchasing shares

• Signing of the Contract on opening and maintaining of the securities account and the Contract on mediation in the securities trade
• Signing of the Order for shares purchase
• In Čačanska banka a.d. you may also open a special purpose account (opening of this account is free of charge) into which you pay the funds required for the shares purchase (if the current account is held with another bank, the broker of Čačanska bank should be provided the certificate on the funds available on the account and the statement of the account).
• After the purchase order is realized, the term for balancing of account, and/or transfer of purchased shares to the ownership account of the client is three working days.

 Costs of purchasing shares (Other Institution Costs)

Agent in the bonds trade

Bonds of the Republic of Serbia are continuously traded on the Belgrade Stock Exchange every day. The bonds may be purchased or sold in two ways:

• at the Belgrade Stock Exchange – only through authorized brokers who are the members of the stock exchange (transfer of money and securities is performed in the term of one to three working days) – Čačanska banka a.d. is a member of the Belgrade Stock Exchange a.d.

• at the over-the-counter market – you may sell or buy bonds from the broker firm or a bank, for the price a bit lower due to the risk taken (transfer of funds and securities is done at the same day)

The procedure of bonds selling

• You will come to Čačanska banka a.d. with the identity documents and the certificate issued by the bank (the initial bank that held the foreign exchange savings) as the evidence that the client owns the bonds that are the subject of sale.
• You will sign the Contract on opening and maintaining of the securities account, Contract on mediation and the Order for the bonds sale. If the sale is done at the over-the-counter market, you will sign the Contract on the over-the-counter purchase.
• The broker will open an ownership account to the client in the Central Register.
• In Čačanska banka you may also open a special purpose foreign currency account for the inflow of funds from the bonds sale, if you do not hold one already.
• The Bank (the initial bank that held foreign currency savings) will transfer the bonds to the ownership securities account opened with Čačanska banka a.d. at the request of the client.
• Trading of bonds is carried out all working days.
• Balancing of accounts (transfer of funds to the seller’s account – in EUR) is done three working days after the bonds are sold on the stock exchange market.

The procedure of bonds purchase

• You will sign the Contract on opening and maintaining of the securities account, Contract on mediating and the Order for the purchase of bonds. If the bonds are purchased at the over-the-counter market, you will sign the Contract on over-the-counter purchase.
• The broker will open an ownership account to the client.
• In Čačanska banka a.d. you may also open a special purpose account into which you will pay the funds required for the bonds purchase (if the current account is held in another bank, the broker will be provided with the certificate issued by the bank on the funds available and the statement of your current account).
• Trading of bonds is carried out all working days.
• Balancing of accounts (transfer of securities to the account of the purchaser) is done three working days from the date of the bonds purchase at the stock market.

Costs of purchasing and/or selling bonds (Other Institution Costs):

CORPORATE SERVICES

The Securities Trade Department of Čačanska banka within its corporate activities performs the following services for its clients: 

Offers for shares taking over:

Organizes offers for taking over shares pursuant to the Rulebook og the Securities Commission for domestic and foreigh legal entities and private persons

 Operations relating to registration of securities into the Central Securities Registry:

• Reguest for assigning of CFI code and ISIN no.
• Adjusting the book of shareholders with the Central Securities Registry database
• Opening issue account for securities
• Registering securities issue
• Submitting the record on (book of) shareholders
• Other operations under customers requests pursuant to the operating rules of the Central Securities Registry

Operations relating to registering securities to the Belgrade Stock Exchange market:

- Creation of Prospectus for registering securities at stock-exchange market and off-board market of the Belgrade Stock Exchange

- Innovating of Prospectus.

Downloand Tariff of Fees for Securities Trade Operations

For any additional information, please contact 032/320-657, 320-658 and  348- 146

fax. 320-653, Nemanjina 32, 32 000 Čačak, or in one of the authorized branches of Čačanska banka

or e-mails: brokeri@cacanskabanka.co.rs