UniCredit Bulbank is a licensed investment intermediary and offers its clients the opportunity to trade securities on local and international capital markets.

You can submit buy and sell orders at a branch or remotely via Bulbank Online after initially activating trading access.

You need to have Bulbank Online active and request access to the additional module "Investments and Markets".

In the Bank's Tariff for individuals in Appendix 10 and in the Bank's Tariff for legal entities in Section VIII.

Securities are financial instruments under the Public Offering of Securities Act.

They reflect the rights of their holder before their issuer. Through them, corporations and government bodies raise capital from investors, offering in return the possibility of a return.

According to their holder's rights towards their issuer, they can be defined as Equity and Debt.

• Shares are equity securities and represent an interest in the capital of the company. Shareholders are entitled to a dividend, if the company distributes one, and to a liquidation share of the company.
• Bonds are debt securities and can be corporate; government (government securities); municipal depending on the issuer. Bondholders receive interest (coupon payments) and principal at maturity (final term) of the bond or earlier depending on the terms of the bond issue itself.

Depending on their type, bonds can earn income:

• Dividends – paid by the issuer of shares to shareholders upon a resolution to distribute a dividend by the General Meeting. Through dividends, the company distributes a portion of its net profit to its shareholders. It is not compulsory for every company to pay dividends every year.
• Coupon payments – paid by the issuer to bondholders as a percentage of the nominal value of their bonds. The frequency, amount and type of coupon (e.g. fixed, floating or zero) are determined at the time of issue

A capital gain/loss may also occur on trading.

• Capital gain is the income earned from a positive difference between the acquisition price and the selling price.
• Capital loss is the negative difference between the acquisition price and the selling price, respectively reducing the yield of the instrument type.

A securities market is a place where buyers and sellers of securities meet and participate through their intermediaries. Financial markets provide an opportunity to invest by buying stocks, bonds and other financial instruments.

Markets are divided into primary and secondary markets according to whether the securities offered are new or already issued:

• Primary market – an issuer sells new securities and receives funds from investors
• Secondary market – investors exchange existing securities for funds, i.e. the buyer receives securities in exchange for payment and the seller receives funds in exchange for their securities. The issuer is not involved in the transaction.

Transactions in dematerialized securities are concluded through a licensed investment intermediary, including a bank, which executes an order/order placed by an investor on the relevant trading venue.

Always one order is submitted / signed by only one representative of the company. The others authorize this representative to submit orders in the Module for better efficiency and speed with power of attorney explicitly verified by notary, in accordance with the requirements of Article 25 of Order № 38 of the FSC on the requirements for the activities of investment intermediaries.

Not all representatives should be subscribed to Bulbank Online. It follows that the person who will submit orders has concluded contracts with the bank for Bulbank Online and for submitting orders for securities trading. In the case of representatives of the company, who always act together, there should be an explicit notarized power of attorney, in accordance with the requirements of Article 25 of Order № 38 of the FSC on the requirements for the activities of investment intermediaries.

Yes, it is possible to place orders for the buy/ sell of certain ETFs depending on the market in which they are traded and whether settlement with the respective issue is possible. At the moment, it is not possible to purchase new positions from US ETF’s due to legal restrictions of the European regulations for trading in such instruments.

Only issues traded on the Bulgarian Stock Exchange (BSE) are visualized in the Market overview.

 Yes, the list is published in the module "Investments and Markets", visible on the first page at the log-in to the Module and at the following link, too.