Product description:
- The trading with the state or corporate bonds of the Czech Republic and the OECD countries, eurobonds. The settlement goes through the bank account in CEDEL, in case of domestic securities through UNIVYC or the intermediate counter party.
- If the settlement is arranged for a longer period we talk about forward deal and must always be settled as "Delivery-versus-payment".
- The forward deals are done especially on the occassion of placing the new bond issue on the market when at the moment of the transaction are not known all the security essentials - such as ISIN. In a such case is not necessary bond price correcion.
- If there is a business with already exisiting bond the later settlement is taken into account in the deal price (with respect to already arosen aliquot interest rate yield).
Conditions:
- Open bank account.
- The signed contact.
- The settlement takes place based on the "Delivery-versus-payment" principle. The settlement dates are governed by conventions valid for the particular bond, usually on the T+3 workday.
