Other services - Slovak Republic

19.09.2018

Securities lending and borrowing

All foreign debt securities included in this link and eligible in CBL qualify for CBL’s securities lending and borrowing programme.

Disclosure requirements

Please refer to the Disclosure Requirements - Slovak Republic.

Holding restrictions

ThresholdRestriction/requirement
Banks
Acquisition equal to or crossing 5%, 10%, 20%, 33% or 50% threshold of registered capital and voting rightsApproval from the NBS for the purchase.
Publicly traded companies
Acquisition crossing 33% thresholdLegal requirement to tender an offer to buy all remaining shares of the issue.

There are no general ownership restrictions imposed by the Slovak securities market with regard to corporate bonds.

However, for tax reasons, customers must refrain from holding, on their Clearstream Banking account, Slovak bank and corporate bonds on behalf of beneficial owners (including themselves, if applicable) who are resident for tax purposes in Slovakia as defined by the relevant Slovak laws.

The customer shall indemnify and hold harmless Clearstream Banking, its directors, officers, agents, employees of affiliates (“the indemnified persons”) for any loss, expense, liability, damage or claims incurred by any of the indemnified persons as a result of non-compliance with this holding restriction.

Tax services

Customers and/or beneficial owners of Slovak securities deposited with CBL are responsible for any possible taxation of capital gains on such securities.