Generally, investors on the Czech market are requested to open a securities account as well as a cash account assigned to securities related transactions.
- Securities account in CSOB’s book, which reflects all assets maintained in the depository books and/or CSOB’s vaults.
- Cash account with CSOB only used for settlement purposes. The securities account in CSOB’s books is linked to the cash account in CSOB’s custody system. All securities accounts of one global custodian are usually linked to one omnibus cash account.
- CDCP Securities account, which reflects all clients assets maintained in Central Securities Depository (CDCP) under the Czech legislation.
CSOB is very flexible in terms of account structure and has ability to provide its clients with the presentation of account environment tailored to clients´requests and needs.
Documentation Required
To open a securities account, you need:
Account Structure
Segregated Account Structure with CSOB as well as CDCP
Global custodian opens individual cash and securiteis account on behalf of the final beneficiaries in CSOB´s books as well as in CDCP´s books.
Segregated Account Structure with CSOB/CDCP but one omnibus Account
Global custodian opens individual securities accounts on behalf of the final beneficiaries in CSOB´s books as well as in CDCP´s books but only one omnibus cash account in its name with CSOB.
Omnibus Account Structure with CDCP whereas Seregated Account Structure with CSOB
Global custodian opens omnibus account in its name in the CDCP’s books whereas segregated sub-accounts as per beneficial owner in CSOB’s books.
Omnibus Account Structure with both the CDCP and CSOB
Global Custodian opens omnibus account in its name in the CDCP´s books as well as omnibus account in CSOB´s books.
