General information

Here you can view the OTP Bank Romania intermediary Presentation Paper . More information about OTP Bank Romania (history, management, shareholders, reports) you can read at the About Us  section.

Under the certificate, no. 47/24.03.2009, issued by the National Securities Commission, based in no.2, Foisorului Street, District 3, Bucharest, in accordance with article 7 para.(1) pct.6 from Government Emergency Ordinance no. 99/2006, on credit institutions and capital adequacy, approved by law no. 227/2007, OTP Bank has been authorized for the following types of financial investments services:

1. Investment services and activities:

a) reception and transmission of orders in relation to one or more financial instruments;
b) executing orders on behalf of clients;
c) dealing on own account;
d) portfolio management;
e) investment advice;
f) underwriting of financial instruments and/or placing financial instruments on a firm commitment basis;
g) placing financial instruments without a firm commitment basis.

2. Ancillary services:

a) safekeeping and administration of financial instruments for the account of clients, including custodianship and related services, such as administering cash/collateral management;
b) granting credits or loans to an investor to allow him to carry out a transaction with one or more financial instruments, where the firm granting the credit or loan is involved in the transaction;
c) advice to undertakings on capital capital structure, industrial strategy and related matters and advice and services relating to mergers and the purchase of undertakings;
d) foreign exchange services in connection with the activities of investment services provided;
e) investment research and financial analysis or other forms of general recommendations relating to transactions in financial instruments;
f) services related to underwriting of financial instruments on a firm commitment basis;
g) investment services and activities as well as related services such as the one provided at point 1 and 2 regarding the underlying asset to the following derivative instruments, should they refer to the provisions on the main and related services:

g.1 options, futures contracts, swaps, forward contracts on the interest rate and any other derivative contracts related to merchandise which has to be settled in cash on demand of one of the parties (otherwise than in case of non-payment or any other incident leading to cancellation);
g.2 options, futures contracts, swaps and any other derivative contracts related to merchandise which can be physically settled, provided that they are traded on a regulated market and / or within an alternative trading system;
g.3 options, futures contracts, swaps and any other derivative contracts related to merchandise which can be physically settled, other than those under the previous point and which do not have any business purpose, having the characteristics of other derivative financial instruments, taking into account, among others, whether they are set off and settled through some well-known clearing houses or they are subject to margin calls on a regular basis;
g.4 options, futures contracts, swaps, forward contracts on the interest rate and any other derivative contracts related to climatic variables, freight, approvals for emissions of substances or inflation rates or other official economic indicators, which have to be settled in cash or may be thus settled on demand of one of the parties (otherwise than in case of non-payment or any other incident leading to cancellation), as well as other derivative contracts regarding assets, rights, obligations, financial coefficients and indicators, which have not been previously included in this definition, and have the characteristics of other derivative financial instruments, considering, among others, whether they are traded on a regulated market or within an alternative trading system, they are set off and settled through some well-known clearing houses or they are subject to margin calls on a regular basis.

Investors Compensation Fund (ICF)

OTP Bank Romania has gained ICF membership on 06.04.2009, being entered in the members register, in the Credit Institutions Section under no.122. In accordance with Law no. 297/2004 and Regulation no. 3 / 2006 of the National Securities Commission the Investor Compensation Fund was established.

The Fund’s main object of activity is to collect contributions from the members and to pay out compensation to the investors when a member fails to return the money and/or the financial instruments owed by or belonging to investors, which have been held and/or managed on their behalf for the provision of investment services, up to the compensation limit established in accordance with art. 30 of Regulation no. 3 / 2006 of the National Securities Commission. Compensation is provided by the Fund for credit institutions’ clients, members of the Fund, only for the entrusted funds and financial instruments under a contract for the provision of investment financial services.

The Fund compensates the investors taking into consideration the principles of equal treatment and non-discrimination up to a maximum compensation limit of equivalent of EUR 20,000 for each investor. Until the 1st of January 2012, the compensation limit will be increased gradually as follows:

• 31.12.2008 the lei equivalent of EUR 9.000 per individual investor
• 31.12.2009 the lei equivalent of EUR 11.000 per individual investor
• 31.12.2010 the lei equivalent of EUR 15.000 per individual investor
• 31.12.2011 the lei equivalent of EUR 20.000 per individual investor

The Fund compensates the investors in any of the following situations:

• NSC has acknowledged that, for the time being, from its point of view, a Fund member, for reasons directly linked to its financial situation, is not able to meet its obligations resulted from investors’ claims and furthermore, there is no possibility for the member to meet these obligations in the shortest time possible;
• The competent legal authority, for reasons directly or indirectly linked to the financial situation of a Fund member, has issued a final decision that has as a result the suspension of investors from the possibility of exercising their rights as regards the resolution of their claims against the said company

The following categories of investors are excluded from compensation:

• qualified investors;
• administrators, including leaders, managers, auditors, statutory auditors of the founding members, shareholders with stakes greater than 5% of the capital, and investors with similar status in other companies within the same group with members of the Fund;
• and in-laws as well as the persons acting on behalf of investors reffered at no. b);
• other legal persons in the same group as Fund’s members;
• investors who have any responsibility for or have taken advantage of certain facts relating to a Fund’s member which gave rise to the member’s financial difficulties or contributed to the deterioration of its financial situation

The fund will ensure the compensation payment as soon as possible but no later than 3 months from the evaluation and validation, of eligible receivables, date.

Contact details of the Investor Compensation Fund:

Investor Compensation Fund S.A.
Bd Carol I no.34-36, 12th floor, room 10, Bucharest 2
Phone +4021/315.73.48,
Fax +4021/315.73.40,
Capital 344,350 lei
Registered at Trade Register no. J40/16596/2005,
Unique registration code 18005590,
IBAN RO82 BRTL 0410 1202 6286 61xx
Transilvania Bank branch Lipscani
E-mail: office@fond-fci.ro, web: www.fond-fci.ro