Financial investment services that can be performed by S.S.I.F.1. Core services (investment services and activities)
a) Reception and transmission of orders in relation to one or more financial instruments;
b) Execution of orders on behalf of clients;
c) Dealing on own account;
d) Portfolio management, includind investors individual account portfolios, on a discretionary basis, with respect to the mandate given, where these portfolios include one or more financial instruments;
e) Investment advice;
f) Underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis;
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The Bucharest Stock Exchange role is to provide a marketplace for securities trading, to enhance liquidity of securities by concentrating a large volume of asking and bidding on the market, to form fair prices that appropriately reflect such ask-bid relationship, and to distribute such prices to the public.
The main service offered by VIENNA Investment Trust is buying and selling stocks of companies listed on Bucharest Stock Exchange and RASDAQ market. If you want to invest on the stock market, you cannot do this directly, but only through an authorized Financial Investment Firm.
If you wish to start trading with VIENNA Investment Trust, the following steps will be taken:
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In order to approach the trading mechanism of the futures contracts on SIBEX market, it is highly necessary to understand the term of "futures contract", with all the implications that trading futures contracts have on the parties.
The futures contract is an agreement between a seller and a buyer to sell/buy a specific quantity of goods with delivery at a future date called "settlement date" and at a presently negotiated price, all constricted to standard specifications.
Although the derivatives were quite recently launched on the Romanian capital market, the advantages in trading these instruments were acknowledged by the investors, the most important being: "margin trades" and "short selling". Continue Reading » »
For a company, becoming listed on Bucharest Stock Exchange (BSE), although being a lengthy process, can raise serious capital. It is very important that this kind of financing is cheaper than a bank credit.
Beside buying and selling shares and bonds, which are well known by the majority of population, the stock market can bring other services to companies, even to unlisted ones. Financing through the stock market is simple: the company offers for sale its shares or bonds for raising the necessary capital.
One of the main advantages of a company that decides to sell shares or bonds through the market is self-sufficiency. In other words, the company itself sets the terms and conditions for borrowing money, which must be agreed by potential investors. So the company sets the price and number of shares it wants to sell.
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VIENNA Investment Trust is a financial services company with an experience of over 14 years in this field. We are specialized in middling equities and derivatives listed on regulated markets. Recently we have become involved in ambitious projects concerning emissions and environmental markets, becoming the only Romanian financial services company member of a stock exchange trading these allowances.
14,000 installations fall under the European Emission Trading Scheme (EU ETS) starting 1 January 2005. The purpose of this Scheme, which is one of the important elements of the EU to comply with the Kyoto Protocol, is to reduce carbon dioxide emissions in Member States by keeping in check the biggest CO2 emitters, from each state. Continue Reading » »
The total price to be paid by the client in connection with the financial instrument or investment service or ancillary service will include:- price quotation of the sale/buy trade
- trading commission specified in the appendix to the Contract
- according to tax regulations in force, 1 % of the tax due for incomes from securities held in portfolio for more than 365 days or 1% tax as anticipated income tax into account of the 16% tax applied for securities held in portfolio for a period of less than 365 days.
There are possibilities of other costs to client, including fees associated with transactions in connection with the financial instrument or investment service which are not paid by SSIF and not imposed by the company. Continue Reading » »
