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RAZVOJNA BANKA VOJVODINE a.d. Novi Sad is a member of the Central Securities Depository and Clearing House and Belgrade Stock Exchange. The Bank is authorised for brokerage and dealing operations. The Securities Commission authorised the bank to perform the following activities:
1. Brokerage
2. Dealing
3. Market maker operations
4. Portfolio management
5. Issuance agent operations
6. Investment advisory
The bank provides the following range of services to its clients:
Opening and management of securities accounts for legal owners of the securities Opening and management of monetary accounts for trading securities; Settlement operations pertaining to the trade in securities; Opening of issuing accounts, outstanding securities accounts, escrow accounts and repo accounts; Entry of securities pursuant to decisions on succession, court orders, pledge etc; Preparing a take-over bid for acquiring shares of the joint stock company, which gives the owner minimum 25 % of voting shares Mediation in the trade in securities on the stock exchange and free exchange market (brokerage operations) Corporate agent operations
Documentation required for opening securities accounts (a holding account with Central Securities Depository):
a) Individuals: A photocopy of ID and securities ownership certificate is required. ( Only ID is required for the opening of a monetary account for trading in securities);
b) Corporate entities: Tax Identification Number, Registration Note issued by the Statistics Office and OP form required.
The bank performs the following corporate operations on behalf of a client – the issuer of securities:
The bank opens and manages issuing accounts and submits applications for assignation of the CFI code and ISIN number to the Central Securities Depository; The Bank submits requests for entering securities into Central Securities Depository; The Bank notifies the Central Securities Depository of Shareholders’ Assembly Meeting. The Bank also submits requests for the creation of uniform records of securities owners with voting rights, issued by the client. The Bank provides payments of bond coupons or principle in money. The Bank submits securities registers and depositories to the Central Securities Depository and dematerialises securities. The Bank organises registration and payment of securities on behalf of a client - the issuer of securities in accordance with the signed agreement.
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Investment banking
