Investment banking
Adriatic Bank will, in accordance with the license for the provision of investment services number 03/2-1/5-21 issued on March 12th 2021 by the Capital Market Authority of Montenegro, perform the following investment services:
- Receipt and transfer of orders for trading in financial instruments
- Execution of orders for the client's account
- Trading for our (Adriatic Bank) account
- Portfolio management
- Investment consulting
- Foreign currency business services related to the provision of investment services
- Safekeeping and administration of financial instruments on behalf of clients, including custody and related services, such as cash and collateral management
- Granting loans and credits to the investor in order to enable the conclusion of a transaction with one or more financial instruments, if the transaction involves a company that provides a loan or credit
Using a network of international brokers and subcustody banks, Adriatic Bank offers its clients the realization of investments in financial instruments in accordance with the client’s preferences on domestic capital market(Montenegro Stock Exchange), regional markets and on all relevant world markets (Xetra, Frankfurt, NYSE, Nasdaq, London Stock Exchange etc) , as well as all related services.
High quality of service, mutual trust and providing maximum security to investors are our basic principles in the approach to providing investment services and services of Adriatic Bank.
Clients funds are kept in special accounts, separate from the assets of the bank and other clients, and as such do not enter the bank’s bankruptcy or liquidation estate.
By completing the range of services and available services with investment services, we offer investors, individuals and legal entities the opportunity to use the combination of services and services with the professional help and support of the Adriatic Bank team to achieve maximum results.
The Investment Banking Division of Adriatic Bank for its clients shall:
- Open and maintain securities accounts in the name and for the account of its clients (client's ownership account)
- Open and maintain securities accounts on behalf of the custody bank, and for the account of its clients, i.e. on behalf of its clients who are not legal holders of those securities, and for the account of legal holders (collective custody account)
- Collect receivables from issuers on the basis of due securities, interest and dividends on behalf of the legal holders of these securities and take care of achieving other rights belonging to the legal holders of securities who are its clients
- Execute orders for the transfer of rights from securities and orders for registration of the rights of third parties on securities and take care of the transfer of rights from those securities
- Inform shareholders about the annual general meetings of joint stock companies and represent them at those general meetings, upon authorization
- Upon the authorization of the client, take care of the execution of tax obligations of the client on the basis of securities whose client is the legal holder
- Perform other tasks determined by the contract, in accordance with the law and the rules for providing investment services
License:
Adriatic Bank AD Podgorica is licensed to provide investment services with license number 03 / 2-1 / 5-21 issued on March 12th, 2021 from the Capital Market Authority of Montenegro.
custody@adriaticbank.com
investments@adriaticbank.com
www.adriaticbank.com
+382(20) 680 973
+382(20) 675 083 (fax)
www.adriaticbank.com
+382(20) 680 973
+382(20) 675 083 (fax)
custody@adriaticbank.com
investments@adriaticbank.com
Advantages
- Individual approach focused on the needs and preferences of the client
- A professional and trained team of experienced professionals takes care of the clients ownership positions
- Discretion in keeping and maintaining ownership and money accounts
- Protected funds on the account and separated from the bank's assets
- Direct and simple communication
- By signing just one contract, you get access to a large number of world markets
- Informing and representing clients, administering ownership positions
Depositing funds on the account for investment services
Payment instructions from Montenegro (payments in EUR only):
Adriatic Bank AD Podgorica
Bul. Džordža Vašingtona br. 98
580-800-19
Payment basis – custody account payment
Reference of the approval number – Custody cash account number (or Agreement ID number or client ID number)
Instructions for payments in other currencies as well as for international payments can be found in the section – Documents
Tariff plans
NO. | TYPE OF SERVICE | RESIDENT | NON RESIDENT | FREQUENCY |
|---|---|---|---|---|
1 | Opening and maintaining the accounts | AMOUNT | AMOUNT | |
1.1 | Opening accounts for investment services for private individuals | FREE OF CHARGE | 100 EUR | PER ACCOUNT |
1.2 | Opening accounts for investment services for legal entites | FREE OF CHARGE | 500 EUR | PER ACCOUNT |
1.3 | Maintaining the accounts for financial services for private individulas | FREE OF CHARGE | 10 EUR | MONTHLY |
1.4 | Maintaining the accounts for financial services for legal entities | FREE OF CHARGE | 20 EUR | MONTHLY |
2 | Trade on Montenegro Stock Exchange | |||
2.1 | Trade with proprietary financial instruments (stocks, inv.funds) | 0,8% of the transaction value, minimum 20 EUR | 0,8% of the transaction value, minimum 20 EUR | PER ORDER |
2.2 | Trade with debtor’s financial instruments (bonds) | 0,5% of the transaction value, minimum 20 EUR | 0,5% of the transaction value, minimum 20 EUR | PER ORDER |
2.3 | Trade with treasury bills of Government of Montenegro | 0.2% – 1%, minimum 50 EUR | 0.2% – 1%, minimum 50 EUR | PER ORDER |
3 | Trade on foreign market | |||
3.1 | Trade with proprietary financial instruments (stocks, inv.funds, ETFs) | 0,8% of the transaction value, minimum 50 EUR | 0,8% of the transaction value, minimum 50 EUR | PER ORDER |
3.2 | Trade with debtor’s financial instruments (bonds) | 0,3% of the transaction value, minimum 150 EUR | 0,3% of the transaction value, minimum 150 EUR | PER ORDER |
4 | Keeping of the Securities | |||
4.1 | Keeping of financial instruments | 0,15% – 0,8%, minimum 300 EUR | 0,15% – 0,8%, minimum 300EUR | PER YEAR |
5 | Other jobs with Securities | |||
5.1 | Transfer of instruments according to the court decisions, presents, inheritance and contracts | 1% | 1% | OF MARKET VALUE |
5.2 | Payment of dividend, vouchers and interests | 0,3% | 0,3% | PER AMOUNT |
5.3 | Booking and removing of pledges on financial instrument | Subject of the agreement | Subject of the agreement | |
5.4 | Transfers without payments for international instruments | 0,1% of the market value, minimum 100 EUR per transfer | 0,1% of the market value, minimum 100 EUR per transfer | OF MARKET VALUE |
5.5 | Power of attorney for Shareholders Assembly | 30 EUR + real costs | 30 EUR + real costs | |
5.6 | Representation on the Shareholders Assembly | 100 EUR + real costs | 100 EUR + real costs | |
5.7 | Representation of the client upon inscription of financial instrument and in corporate activities | Subject of the agreement | Subject of the agreement | |
5.8 | Investment consulting | 250 EUR | 250 EUR | PER HOUR |