With a custody market share of approximately 25% the Bank is the absolute market leader in the Czech Republic in the field of securities services. The main focus of this type of client service is on client relationship management. UniCredit Bank Czech Republic started to provide custody services in 1993 when the Prague Stock Exchange began its operations.
The Bank is part of the most powerful CEE banking network, providing value-added and tailor-made performance reporting to help clients analyse its performance as well as minimising client documentation requirements. A flexible account structure follows to customers’ needs and requirements.
Pavel Kandravy
Head of Global Securities Services Czech Republic & Slovakia
+420 602 822 719
Pavel.Kandravy@unicreditgroup.cz
Jitka Hulinska
Relationship Manager
+420 725 947 908
Jitka.Hulinska@unicreditgroup.cz
Anna Lipgart
Relationship Manager
+420 607 009 982
Anna.Lipgart@unicreditgroup.cz
Jiri Kopecky
Relationship Manager
+420 602 810 311
Jiri.Kopecky@unicreditgroup.cz
Global Securities Services
Filadelfie, BB Centrum
Zeletavska 1525/1
140 92 Prague 4 - Michle
The Ministry of Finance published the information that the Agreement on the double Taxation and Prevention of Tax Evasion in the Field of Income Tax between the Czech Economic and Cultural Office in Taipei and the Taipei Economic and Cultural Office, Prague was signed by the heads of both offices on December 12, 2017.
We would hereby like to ask our clients to provide us with Certificates of Tax Residence issued for year 2018 in order to be able to apply lower tax rates on income payments.
The CoTRs shall be supported with Beneficial Owner Declarations. The Beneficial Owner Declaration is a one-time document; in case the Beneficial Owner Declaration has already been provided in the past, this is still valid until revoked or amended by the client.
The Board of directors of the CSD Prague approved amendments of the CSD Price List and Tariff of Material Costs on its meeting on 21 November 2017. The amendments take effect on 1 January 2018.
Market Statistics for Czech Republic January 2018
The Board of the Czech National Bank opted for a hike in interest rates.
After its latest meeting, the CNB announced to have increased the two-week repo rate by 25 basis points to 0.50%. At the same time, it raised the Lombard rate by 50 basis points to 1% and kept the discount rate unchanged at 0.05%.
The new interest rate levels came into effect on 3 November.
Please be kindly advised of the upcoming public holiday in the Czech Republic:
Friday, 17 November 2017 – Day of the Struggle for Freedom and Democracy,
The standard T+2 securities settlement cycle in the Czech Republic will be affected as follows:
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