Holder’s account is an account of dematerialised securities that constitutes dematerialised securities owned by the same person and with respect to which the same registry member or KDD is authorised to enter holder’s orders to dispose of securities.
Third party rights on dematerialised securities and legal deeds, recorded in the central registry with respect to dematerialised securities, are entered in the sub account maintained within the holder’s account of such dematerialised securities.
The following types of holders` accounts are maintained in the central registry:
- registry account,
- client account,
- house account,
- portfolio account and
- custody account.
A registry account is a holder’s account maintained by KDD.
A client account is a holder’s account maintained by a registry member for the holder under a contract for dematerialised securities account maintenance executed with the holder, or under another contract.
A house account is an account of dematerialised securities held by a registry member who maintains this account.
A portfolio account is a client account maintained by a registry member who performs securities management services for the holder.
A custody account is a client account held by an investment fund, a mutual investment fund, or a fund of assets “for covering technical provisions” of a pension company, and maintained by a registry member who performs custody services for this fund pursuant to ZISDU-1.
The following holder’s accounts are also maintained in the central registry with respect to a take-over bid pursuant to ZPre:
- take-over account and
- deposit account.
Third party rights on dematerialised securities and legal deeds, recorded in the central registry with respect to dematerialised securities, are entered in the sub account maintained within the holder’s account of such dematerialised securities.