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Business clients › Investing available funds › Investor advice › Trading

Trading

• 1. How to open a securities account?
• 2. How can I trade?
• 3. Types of securities transactions
• 4. Value dates of transactions
• 5. What are the expenses?

1. How to open a securities account?

In order to trade securities (incl. fund shares) at Sampo Pank, You have to open a securities account.

• The securities account can be opened at all Sampo Pank offices
• The condition for opening a securities account is an existing current account with Sampo Pank.

You can choose between different types of account when opening a securities account:

• For investments in Estonian stock market an account will be opened for You at the Estonian Central Register of Securities (ECRS).
• For investments in foreign markets, there is no need for ECRS account – an internal securities account will be opened with no initiation fees.

2. How can I trade?

You can trade through:

• The Internet Bank
• The Telephone Bank +372 6752 202
• Sampo Pank offices

After You have completed a purchase, Your current account will be debited the respective amount of money, and on the value date the securities will be transferred to Your securities account.

When selling securities, the respective amount will be reserved on Your securities account; payment for these securities will follow on the value date. Between the date of making the transaction and the value date You cannot make other transactions with the acquired securities or debited funds.

3. Types of securities transactions

You can submit different types of orders to the bank while trading securities.

Stock exchange deal: buying and selling securities on the stock market.

• In case of a market price order, the broker will finalise the deal at the best price on the market as soon as the client submits the order.
• In case of a limit price order, the client will set either the maximum buying price or the minimum selling price. The broker will submit the order in the trading system and it will be finalised according to the movements in the market price. The limit order can be placed even outside stock exchange hours, with maximum term of 30 days. When the set upper or lower limit of the price does not allow a deal to be made within this period, the transaction will not be completed.

Deal with counterparty: a securities transaction whereby securities are transferred from the account of one client to the account of the other client, with all the conditions of the transaction previously agreed upon (price, quantity, value date). In order to complete the deal, both parties must submit an order to the bank, so that it could be registered.

• Deal with counterparty involving payment: the securities will be transferred from the seller to the buyer, while the respective sum of money will be automatically debited from the buyer’s account. Orders that have been submitted on a banking day before 12 noon will be executed on the same day.
• Deal with counterparty involving no payment: the securities will be transferred from the seller to the buyer without any money being transferred in return. When the parties involved have agreed upon the method of payment, they will have to perform it according to mutual agreement (e.g. by payment transaction or in cash). Orders that have been submitted on a banking day before 4pm will be executed on the same day.

4. Value dates of transactions

The value dates for different types of deals are:

• stock exchange deal: T+3, i.e. shares and transferable funds will be exchanged 3 days after the deal has been made
• deal with counterparty involving payment: T+1 to T+30, on the banking day agreed on by the parties involved
• deal with counterparty involving no payment: on the banking day agreed on by the parties involved
• buying or selling fund shares, the value date of the deal is determined by the trading terms of the fund share

The securities will be transferred to Your account by the end of the value date, after confirmation has been received from the central register of securities.

5. What are the expenses?

The maintenance fees for Your securities account will be deducted from Your current account according to the valid price list. The maintenance fees are calculated from the securities account balance at the end of each month.

 

In addition to the monthly maintenance fee, the transaction fees apply according to the valid price list.