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Custody of Physical Securities

This product is intended for legal entities and natural persons who have certified securities in their portfolio (stocks, debentures, investment certificates, etc). Under this product the bank does not provide the payouts of proceeds (see the Depository of Physical Securities).


The custody of certified securities is governed by act no. 591/1992 Coll., on securities, as amended.

 


Terms of Use

  • an active current account kept with CSOB,
  • abstract from the Commercial Register, identification document (legal entities),
  • identification document (natural persons),
  • power of attorney for authorisation of CSOB.

 

Benefits

  • certified securities are handled only by contracturally authorised persons,
  • minimization of potential loss or destruction of certified securities,
  • insurance guarantee on deposited securities,
  • issuing confirmation of deposited certified securities (general meetings, audits, judicial proceedings, etc),
  • releasing certified securities on the basis of agreed contractual conditions (purchase agreement, lien, etc),
  • sending electronic statements from the deposit account.

 

Additional Services

  • squeez-outs,
  • escrows,
  • preparation and execution of print of new issues.
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