Frequently Asked Questions - FAQ

We have prepared answers to a number of frequently asked questions. This section is divided into answers corresponding to banking services and answers related to investment services.

Other

1. I trade using Fio banka and I do not complete my own tax declarations. In the previous year I received dividends from securities issued abroad (Poland). The net dividend after taxes was credited to my trading account as income. In order for me to deduct the already deducted taxes abroad, I need to determined the gross dividend or the amount of the taxes deducted from the dividend. I have no confirmation from any foreign financial institution. Can such a confirmation on the amount and tax rate for a dividend from a foreign security be issued?

On request, the securities broker is able to issue confirmation on the amount and the tax rate for a dividend from a foreign issued security. Such a confirmation is issued by the broker (and not a tax office) and is subject to a fee pursuant to the Pricelist for basic services.

2. A friend owns securities from the period of coupon privatization and these are not recorded in the unclassified records at CDCP. Can he or she gift these securities to me even though he or she does not know the exact issuer or the exact number of stocks owned?

Securities can be transferred on the basis of a gift agreement but such agreement must contain the exact name of the issuer and the number of gifted securities.

The transferring party (previous owner of the securities) must have concluded a Commission Contract with a securities broker, who will then transfer the securities on the basis of the gift agreement. All securities must then be transferred under this securities broker from the unclassified records of CDCP to its account. All such securities will be recorded on this account (including untradeable securities). It is not possible to request the transfer of such securities to another owner (on the basis of a gift agreement) before this step.

The acquirer (future owner of the gifted securities) must also have concluded a Commission Contract with a securities trader and have an account at CDCP.. The transfer can then be completed as desired.

WARNING:

The transfer of securities from a selected account in the unclassified records at CDCP is irreversible. This transfers all such securities in the given account in the unclassified records (including untradeable securities). CDCP charges a fee for managing securities. The current fee can be found in the Annex to the Pricelist for basic services, Point G. Securities that are in the unclassified records are not subject to this fee.

If you have not found an answer to your question, do not hesitate to contact your branch of us directly using theonline form.