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Thursday, 9.2.2012.  
  Selling securities
 
 

The following is necessary for transactions of selling securities:

 
 
  • Sell order (via electronic means, by fax, mail, telephone or in person)
  • Registration of securities in the Investor's CDA account with RAST, or submission of the original proof of ownership of shares from the share ledger (i.e. share register) (for shares of those issuing parties not yet members of the CDA)

 

After the decision of selling securities has been made, the Investor needs to issue to the Broker the sell order. The order may be sent:

  • Via RAST web pages (from the Investor's portfolio or from the title page by choosing the particular security and clicking on “Sell”)
  • By e-mail (rast@rast.hr),
  • By fax (+385 42 658 901),
  • By mail (RAST d.o.o., Zagrebacka 61, 42000 Varazdin, Croatia),
  • By telephone (+385 42 658 910)
  • or in person

Issuing the order to the Broker shall mean that the Investor is familiar with and accepts the General conditions for offering services of RAST d.o.o. brokering company.

The order shall be understood to be accepted by the Broker when he receives it and enters it into the ledger of orders (i.e. order register), bearing the condition that the order contains all the elements necessary for trading (code of the security, quantity, lowest sale price or labelled as “Market” (price) and all other possible conditions of purchase, and point of register of the security in the CDA with RAST).

Securities purchased through RAST are registered in the CDA with RAST. If the purchase has been done through RAST, users of the My portfolio service package do not need to prove their ownership and validity of said securities for sale (barring burdens or/and other conditions, i.e. limitations). If, however, the securities were not purchased through RAST, and therefore their registration in the CDA with RAST was not performed, the sale order can not be realized before the Investor performs the said registration.

The registration of the security with RAST brokering company must be done by the Investor via the request for de-registration to the brokering company which purchased the said security for the Investor (i.e. with whom the security is registered). After registration, the Investor telephones the CDA (tel. 01 46 07 300), using the “application number” (given to the Investor by one of RAST brokers) and his PIN number with the CDA, and performs the registration with RAST, which may then  sell the said security on the stock exchange.

The registration procedure (telephone must support tone dialling):

  • Call +385 (1) 4607 300
  • After the automatic service answers, press 1 then 1 again
  • Enter your Investor's code (account number in the CDA) and press #
  • Enter your PIN and press #
  • Enter the application number which you received from Rast and press #

The Broker must receive the money made by selling securities within the term for covering the CDA transaction (third day after transaction – T+3). After decreasing the total for the amount of transaction expenses, he transfers it to the Investor's cash account in his or her portfolio or to the Investor's bank account (current, savings or giro) – according to Instructor's instructions. Any Investor – user of the My portfolio™ service may, through RAST web pages, monitor through his or her portfolio the steps of realization and the status of the order in question (processed, partly processed, retracted, changed).


 
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NOTE: When making payments, please write in your Portofilo No. and model 05.
 
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and is authorized to trade securities.
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