Who wants to know if they don’t own one shares With coupon privatization, has a new way to find out. Company Central Securities Depository (CDCP), which keeps records of dematerialized securities and settles trades on the Prague Stock Exchange, has launched online servicewhich uses banking identity.
Applicants will pay 90 crowns for an online statement from the so-called unclassified securities account (ie the former account of the defunct Securities Center). The service is currently only available to clients of four banks, which already allow the identification of their clients against third (private) parties. Specifically, it is about Česká spořitelna, ČSOB, Commercial bank a Monetu Money Bank. More banks are to be added gradually.
“The statement will provide people with clear information on whether and which shares they still hold in this account. We believe that thanks to the low fee for this service, which also includes the bank identity fee, we will be able to reach the maximum of citizens who are still not sure if they own something. However, this service can also be used by those who know that they still have securities in unclassified records and for any reason want to obtain an up-to-date statement, “said Ondřej Dusílek, CEO of the CDCP.
The CDCP promises from the new online tool that the number of unclassified accounts, of which there are more than 700 thousand, will be reduced. Until now, those interested could submit an application on a form with an officially verified signature, and the CDCP then sent it cash on delivery for a fee of CZK 500.
When people find some stocks from the past that they did not know about, they can access the money from them by opening an asset account with one of the CDCP participants, ie banks or securities dealers. Through them, they can then sell the shares and thus monetize them. At the same time, the owner has the opportunity to donate securities that are not of value to him to the Endowment Fund of the Central Securities Depository.
The shares are also sought out by individual securities dealers, who then also offer their subsequent transfer or sale. In general, Fio banka probably has the most advantageous conditions: it is free to find out whether a person has an unclassified coupon account. The list of shares that may be on it will cost 130 crowns (of which 60 crowns as a fee Bank wire and 70 crowns to the depositary). During September, they could ask for a statement Clients of the Bank Creditas request it free of charge, but this marketing event ended on September 19.
The uncontracted shares from the coupon privatization have recently been pointed out mainly by Stock Convertor with the project Forgotten Billions. After entering personal data, it will check whether the client has any valuable shares in the unclassified account with the CDCP. If he finds them, he charges a fee for the finds according to the price list – which, according to the company, does not exceed 15 percent of the value of the shares.
