Frequently Asked Questions - Holders

  • What is the value of my securities in the terminated registry account?

    KDD does not keep a record of securities market prices. If you are a holder of securities that are traded on the Ljubljana Stock Exchange, you can learn about the price of securities from the price list published on the website of the Ljubljana Stock Exchange www.ljse.si. For information about the value of securities that are not traded on the stock exchange, you should directly contact the issuer. Annual reports of issuers are namely the source where KDD acquires information on the value of unquoted shares.

  • What are the costs of the termination of the registry account?

    The Book Entry Securities Act (ZNVP-1) stipulates that KDD is not to charge any fees for the termination of registry accounts. All services performed by KDD due to the termination of registry accounts are to be free of charge.

  • What do I have to do if upon the expiry of the deadline for the termination of registry accounts securities are still in this account?

    Actions that you need to take depend on your interests regarding your securities:

    • if you wish to keep your securities, you can make all the necessary arrangements with the selected KDD member (»Settlement members that are also system members«), where you will open an account to which you will transfer your securities from the terminated registry account;
    • if you no longer wish to hold the securities and would like to waive them, you are to inform KDD thereof on a form (more: Dereliction of Securities).

    If you decide to do none of the above, the securities will be transferred to a deposit-in-court account pursuant to a legally binding decision of a competent court.
     

  • Do I need to sell my securities due to the termination of the registry account?

    The termination of registry accounts does not oblige you to sell your securities, but it means that the ownership of securities will bring certain costs to the holders in the future.

  • What happens if I decide to waive the securities in the terminated registry account?

    KDD enables holders to waive the securities in terminated registry accounts free of charge.
    Dereliction of securities represents an irrevocable and permanent waiver of securities without compensation. The holder shall then have no rights arising from these securities. (more Dereliction of Securities )

  • What are the costs of transferring securities to an account maintained by a KDD member?

    Different KDD members charge different fees for services related to the termination of registry accounts and transfer of securities. Therefore, you should inquire about the fees directly from individual members. KDD shall not charge any fees for the transfer.

  • What are the costs of transferring securities from a terminated registry account to relatives (other persons) and is it possible to do so without a trading account?

    A terminated registry account is not a transaction account and does not enable any transfers between different persons. Costs of transferring securities from one account to another person's account depend on the type and quantity of securities that are being transferred. These costs differ among individual KDD members.

  • What will be the annual costs of a trading account?

    The Book Entry Securities Act (ZNVP-1) stipulates that the annual cost of keeping an account and the compensation for the balance maintenance on the trading account kept by a KDD member for a natural person should not exceed 0.5 % of the average value of securities in the account. These, however, are probably not the only fees that the account holder will need to pay. In any case, they represent a significant proportion of the tariffs charged differently by each KDD member.

  • In what manner will KDD submit proposals for court deposits?

    KDD shall submit proposals for transfer of securities to deposit-in-court gradually, taking into consideration the capability of courts, the principle of cost-effectiveness and the following criteria or rather an appropriate combination thereof:

    1. transfer for legal entities shall have priority over transfer for natural persons;

    2. transfer of lower individual value portfolios shall have priority over transfer of higher value portfolios;

    3. transfer of unencumbered securities shall have priority over transfer of encumbered securities;

    4. transfer of securities of those issuers that have a higher share of non-transferred securities in issue;

    5. transfer of securities of passive holders or rather issuers shall have priority over transfer of securities of active holders or rather issuers (active holders or issuers are those that acceded to processes and procedures with the purpose of compliance with legal requirements if such compliance can be expected in a relatively short period of time)."

    The listed criteria are not necessarily final, since they still need to be considered by the regulator.

  • What does the termination of registry accounts mean for those securities that were still in those accounts upon the expiry of the deadline?

    The termination of registry accounts does not cause the termination or deletion of securities held in these accounts. However, the range of legal options regarding these securities changes, providing the additional option of transferring these securities to a deposit-in-court account.

    The existing options (transfer of securities to accounts maintained by banks or brokerage firms; dereliction of securities) are not eliminated by the termination of registry accounts. They will, however, be disabled at the moment when securities are actually transferred to a deposit-in-court account.

Telephone

+386 1 307 35 00

E-mail

info@kdd.si

Location

Tivolska cesta 48, 1000 Ljubljana

Office Hours

Mon - Fri: 10:00 a.m. - 12:00 noon
Wed: 10:00 a.m. - 12:00 noon and
          2:00 p.m. - 3:30 p.m.