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News

1Q 2012 financial results of the CSOB group
Net profit at CZK 4.0 bn: consistent business profitability, credit risk under control ...

A Deposit Card is a smart and cheap product for depositing sales income
From December 1, 2011 legal entities and private individuals – entrepreneurs can use ...

CSOB group reported net profit of CZK 8.9 bn In 9M 2011
In 9M 2011, CSOB group reported net profit of CZK 8.9 bn ...

Euromoney: CSOB is the bank of the year 2011
CSOB won the prestigious Euromoney 2011 Award for Excellence ...

CDCP documents on web site
Central Securities Depository (CDCP) has already presented crucial documents ...

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Custody

Local Custody

Settlement and Administration of securities traded on the Prague Stock Exchange (PSE). Service intended for global custodians, institutional investors, and businesses for settling deals with securities and managing portfolios.

 


Benefits

  • You have access to the settlement of on-the-board and off-the-board trading of Czech securities quoted at the Prague Stock Exchange.
  • You have access to the settlement of trading on the money market:
    • to settle deals on the money market you can take advantage of a client account in the short-term debentures system, which CSOB has opened for the securities of its clients. You are not forced to conclude a contract with the Czech National Bank for an ownership account in the SKD and you decrease the opening and managing fee cost,
    • similarly, it will be possible to take advantage of customer accounts in the Central Securities Depository once the depository begins its services.
  • You decrease the cost associated with collecting revenues and monitoring all of the opportunities for applying your rights arising from the securities – we take the activity for you.
  • You will regularly receive a statement from your portfolio in the market value.
  • We regularly inform foreign investors on important changes on the Czech market, in legislation, in taxing of Czech yields and other circumstances that may impact on the settlement and performance of the rights arising from securities.

Other benefits include:


  • comprehensive care for your investment in the Czech Republic,
  • unified entry of instructions,
  • possibility of giving instructions and getting information by SWIFT,
  • many years of experience, reliability, and independence when settling and managing portfolios.

 

Get Acquainted

Your instructions will guide us in:


  • opening an asset account in CSOB or in Central Securities Depository, if required by Czech law or the Rules of Settlement,
  • settling securities trading,
  • arranging corporate actions that are integrated part of Local Custody services and – besides other things – cover the following:
    • Ensuring payments of revenues from securities traded on the local market (dividend payouts, interest income payments from bonds and also principal installment payments on the maturity of bonds, settlement payments to the benefit of investors etc.).
    • Tax information service (providing information on the taxation of revenues from securities accepted for trading on the local market, legal documents required for tax refunds and their acquisition).
    • Representing clients at local general meetings (voting at a general meeting upon the client's instructions, providing information about voting results and all adopted resolutions).
    • Up-to-date information service concerning corporate stock issued by issuers of securities accepted for trading on the local market and its acquisition on the basis of client instructions (e.g. repurchasing securities, subscription of securities, assistance during the registration of receivables and other claims of clients against security issuers etc.).
    • Regular portfolio evaluation.
    • More details...
 
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