Other services – Slovak Republic
Securities lending and borrowing
All foreign debt securities included in this link and eligible in CBL qualify for CBL’s securities lending and borrowing programme.
Disclosure requirements
Please refer to the Disclosure Requirements – Slovak Republic.
Holding restrictions
| Threshold | Restriction/requirement |
| Banks | |
Acquisition equal to or crossing 5%, 10%, 20%, 33% or 50% threshold of registered capital and voting rights | Approval from the NBS for the purchase. |
| Publicly traded companies | |
Acquisition crossing 33% threshold | Legal requirement to tender an offer to buy all remaining shares of the issue. |
There are no general ownership restrictions imposed by the Slovak securities market with regard to corporate bonds.
However, for tax reasons, clients must refrain from holding, on their Clearstream Banking account, Slovak bank and corporate bonds on behalf of beneficial owners (including themselves, if applicable) who are resident for tax purposes in Slovakia as defined by the relevant Slovak laws.
The client shall indemnify and hold harmless Clearstream Banking, its directors, officers, agents, employees of affiliates (“the indemnified persons”) for any loss, expense, liability, damage or claims incurred by any of the indemnified persons as a result of non-compliance with this holding restriction.
In any event, Clearstream Banking cannot be held liable towards the client for any suffered loss, claim, expense, cost, fine, penalties or whatsoever due to the client having failed to timely provide the requested documentation and/or due to any wrong, inaccurate or incomplete documentation provided. The client undertakes to fully indemnify Clearstream Banking in the event that such loss, claim, expense, cost, fine, penalties or whatsoever would be suffered by it due to the failure of the client to comply with the above requirements.
Tax services
Clients and/or beneficial owners of Slovak securities deposited with Clearstream Banking are responsible for any possible taxation of capital gains on such securities.