Such information includes:  

• Share and Securities Account details  
• The current balances of the Securities Account  
• Securities Account balances valued for a specific date  
• Securities Account Transactions  
• Statement of cash distributions  
• List of commitments or other charges

Investors who are unable to input their Securities Account Share details in the DSS, can search for them by following the relevant link here.

In case the above search is not effective or investors wish to receive more information about their Securities Account Share in the DSS, they can submit to ATHEXCSD the APP007 Information Request here.

Charges:  

• Through the competent Participants: € 12,40 (incl. VAT)  
• By e-mail: € 12,40 (incl. VAT)  
• By post or courier services: € 13,90 (incl. VAT)
• With physical presence of the beneficiary at the stage of receipt: € 18,60 (incl. VAT)

This process regards the available succession services in the event of the death of a beneficiary of a Share of a Securities Account in the DSS and the transfer of the securities of the deceased beneficiary to his legal heirs.
 

A. Actions of the beneficiary heirs for the processing of the Inheritance through ATHEXCSD
 

1. Receiving information for the entire portfolio of the individual Share of the deceased beneficiary

The service is provided upon submission of the Request for Information in case of Heritage APP025 to ATHEXCSD, along with the necessary supporting documents in accordance with the relevant instructions G502.

Charges:

• Through the competent Participants: € 12,40 (incl. VAT)  
• By e-mail: € 12,40 (incl. VAT)
• By post or courier services: € 13,90 (incl. VAT)  
• With physical presence of the beneficiary at the stage of receipt: € 18,60 (incl. VAT)
   

2. Inheritance tax declaration to the Public Revenue Office of the deceased and issuance of a certificate under article 105 of Law 2961/2001 [Legislative Decree 118/1973] for each heir

In some cases, submitting an inheritance tax return and the issuance of the certificate referred to in article 105 of Law 2961/2001 [Legislative Decree 118/1973], may require a certificate by the relevant Public Revenue Office for the closing price of the securities held by the deceased on the working day preceding the date of death. ATHEXCSD can provide said certificate, upon submission of the relevant application APP049.

Charges:  

• Through Participant or e-mail: € 12,40 (incl. VAT)    
• Through post mail or courier: € 13,90 (incl. VAT)
•  Through physical presence of the beneficiary at the stage of receipt: € 18,60 (incl. VAT)  

In case the requested information is sent by courier, shipping costs (1,5€) are charged. It should be noted that according to provisions 1710 and 1711 of the Civil Code, at the time of a person's death (previous working day as time of induction), his/her entire property automatically passes down to his/her heirs. Therefore, the heir automatically takes the place of the deceased and automatically acquires all the rights and obligations of the latter.

3. Creation of an individual Customer Share in the DSS (if the heir does not already have a Share) for each heir by a Participant of his/her choice
    
4. Legalization of heirs

Legalization through ATHEXCSD requires that all heirs contact the service, and that the inheritance tax return has been submitted to the relevant Public Revenue Office.
The actions required are the following:  

Submission to ATHEXCSD by each heir of the Application for Transfer of Securities due to Inheritance APP026, according to the relevant instructions G503.

Payment of the transfer and legalization rights of ATHEXCSD.

Charge: See G504.

B. Actions required of the heirs to process the Succession through a Participant or Issuer
 

• ATHEXCSD or a Participant receive the information regarding the deceased beneficiary’s portfolio, as well as the securities’ valuation on the day prior to the latter’s death.
• Inheritance tax declaration submitted to the relevant Public Revenue Office of the deceased beneficiary and presentation of the certificate of article 105 of Law 2961/2001 [Legislative Decree 118/1973] or the Inheritance Tax Declaration accompanied by a Solemn Declaration of article 8 of Law 1599/1986 (Government Gazette 75A) with a genuine signature of the applicant by an administrative authority (gov.gr), in which it is stated that "the data resulting from the Inheritance Tax Declaration have not changed and no tax is due",  for each heir.
• Creation by Participant of an individual Customer Share in the DSS for each heir (if the heir does not have a share)
• Payment of the transfer rights of ATHEXCSD where the heir is informed by ATHEXCSD of the relevant rights

Charge: See G504.

C. Notification of death of the beneficiary of a Share of Securities Accounts in the DSS (subject to conditions)
 

In case the notification of the death of a beneficiary of a Share of Securities Accounts in the DSS has not been made in the context of the above actions, then it is required to be carried out as follows:

• Any of the heirs immediately notifies the death by sending to ATHEXCSD the relevant application APP033, attaching the death certificate, either by post or e-mail, as follows:  
  • In the case of an email-notification to ars@athexgroup.gr, a certificate of the authentic signature of the requesting heir is required in the application in accordance with the provisions of www.gov.gr.
  • In the case of postal notification to the following address a certificate of authenticity is required for the signature of the applicant heir either by an administrative authority or electronically, in accordance with the provisions of www.gov.gr
    Hellenic Central Securities Depository S.A.  
    Department of Accounts & Registry Services  
    110 Athinon Avenue, 10442 Athens
• Alternatively, the death notice to ATHEXCSD may be made by a Participant or Issuer
• ATHEXCSD registers in the Share of Securities Accounts in the DSS of the deceased beneficiary in the DSS on the date of death and informs the Participant to transfer the securities to a special account of the deceased beneficiary
• The Participant makes the above transfer

This process concerns bilateral transfers of securities registered in the DSS for the purposes of:

• Sales  
• Donation / Parental Benefit

OTC Transfer Due to Sale
 

Regards the recording of the transfer in the Register with the cause of "cash transaction".

The service is provided upon submission to ATHEXCSD of a private sale agreement or notarial document, the: OTC Transfer Application APP018 and the necessary supporting documents, in accordance with the relevant: instructions G505.  

Charge: 0.08% of the transfer value per part. Minimum charge is the minimum between 40€ per side.  

Share sale tax in favour of the Greek State: 0.1% on the transfer value, which is borne by the seller.

OTC Transfer Due to Donation / Parental Benefit
 

This process relates to the recording of the transfer in the Register for the reason of "donation" or "parental benefit".  

The service is provided upon submission to ATHEXCSD:  

• a private agreement due to donation/parental benefit or a notarial document,  
• the OTC Transfer Application APP018 and the necessary supporting documents in accordance with the relevant instructions G505.  

Charge: 0.08% of the transfer value per part. 

Minimum charge of the minimum between 40€ per side.

Pledge

Relates to the registration of the collateral in the DSS, as delivered by the Borrower to the Lender for obtaining a loan. The pledge is formed either by ATHEXCSD or by a Participant. Specifically, for the Establishment of a Pledge by ATHEXCSD's services to Lenders, the following actions are required:

• Transfer of securities to be pledged to the investor-debtor's Participant Account under the handling of the Participant who will hold the pledge.  
• Freezing of securities to be pledged with a Statement of Intent to Establish Encumbrance, for a specific Lender and for a maximum period of up to 30 days.  
• Notification to ATHEXCSD, with a bailiff, of the Agreement and the Notification of Pledge on Dematerialized Securities APP019, signed by both parties or by all joint beneficiaries in case the Debtor is identified as a Joint Investment Share (J.I.S.).

The removal of the pledge in the DSS (for Lenders) is implemented by submitting to ATHEXCSD the relevant application APP020. Stamp and signatures of authorized employees of the Lender are required

The sale of a pledge is carried out in accordance with Decision 37 of the ATHEX Management Committee. 

Charges:  

• Pledge recommendation: 20€ per pledged value, with a maximum charge of 100€ plus VAT.  
• Correction, assignment of claims/change of Pledge Lender: 20€ per pledge with a minimum charge of 100€ per request plus VAT.  
• Removal of the pledge in the DSS (for Lenders): €10 per lifting of the security commitment in the Debtor's Participant account plus VAT.

For more information check here

Financial Collateral in Rem

The establishment of Financial Security in Rem (Law 3301/2004) in a portfolio of Legal Entities, concerns the recording in the DSS of the collateral provided by the Collateral Provider to the Collateral Taker for obtaining a loan. Financial security in rem:  

• It is formed by Hellenic Central Securities Depository SA, in the same context and under the same procedure as pledge formation or
• It is formed by a Participant who shall keep the security.

The sale or acquisition of ownership of securities in which a Financial Security Rem had been established (Law 3301/2004) is carried out by the Participant who had established the Security in Rem upon order of the Collateral Taker. If the Financial Security In Rem has been established by ATHEXCSD, the sale or acquisition of ownership by ATHEXCSD is carried out, upon order of the Collateral Taker, as follows:  

• A letter is sent by the Expediter for the sale or acquisition of ownership of an insured / pledged quantity.  
• The letter clearly states the details of the financial security in rem from which the sale will take place.  
• Also, in the letter of the Expediter there is a reference to Law 3301/2004 and the part of the contract that it is described.  
• Indicates quantity, date and Target Participant.

Usufruct

Relates to the recording of the separation of full ownership into Fine Ownership and Usufruct in the DSS. Usufruct is recommended in accordance with Section VII "PART 2. Usufruct Management Service" of the ELKAT Regulation and such service is provided either by ATHEXCSD or by a Participant.  

For the establishment of the Usufruct by ATHEXCSD, the following actions are required:

• Sending an agreement to ATHEXCSD (due to sale or Donation/Parental Provision) or to inheritance support (by will)
• The Participant who keeps under its management the securities shall bind them with a Statement of Intent.
• A Notice of Usufruct Formation on Dematerialised Securities shall be submitted to ATHEXCSD APP011, which is signed by both parties
• A Notice of Usufruct Formation on Dematerialised Securities shall be submitted to ATHEXCSD (APP011), which is signed by both parties

Detailed instructions are described KAA506.

Χρέωση: 0,04% on the value of the Usufruct per party with a minimum of 10€ (plus VAT) per request per party. 

Safebox is provided by the Participant to its Investor-client, who holds its securities in:  

• Individual Share of Securities Accounts or  
• Joint Investment Share (J.I.S.) 
  in the DSS and enables the safekeeping of its securities by committing them so that no transfers are possible.  

Specifically:  

• The beneficiary instructs the Participant to reserve the portfolio for safekeeping ("Safebox")    
• The release of securities is carried out only by order of the beneficiary directly to ATHEXCSD, by submitting a relevant application for release AIT012 with certified authenticity of the signature of the applicant or in the case of a Joint Investment Share (J.I.S.), of the first hierarchical co-beneficiary  

With the "Safebox" service, the beneficiary ensures that his securities cannot be transferred without their release by ATHEXCSD at his behest.  

Charge: €12,40 (incl. VAT) per security 

This concerns the provision of the following special services/tasks to serve, as appropriate, the respective beneficiary requests:
 

1. Termination of Client Securities Accounts in the DSS

Necessary conditions for the Abolition of a Share of Securities Accounts in the DSS:

• The Securities Account and the Special Account of the beneficiaries' Share in the DSS do not have securities
• There must be no connection with the Joint Investor or Co-Owner Share and there must be no active code in the DSS
• The abolition of the Share of Securities Accounts in the DSS is effected by submitting to ATHEXCSD the Application for Deactivation of Unit in DSS: APP006.

Charge: €12,40 (incl. VAT).
 

2. Consolidation of Investor Shares

It concerns the consolidation service of two or more Shares of Securities Accounts in the DSS belonging to the same Natural or Legal Person. Each beneficiary investor is obliged to maintain only one Share of Securities Accounts in the DSS. Moreover, a consolidation shall be carried out between a Joint Investor Share and an individual joint beneficiary Share of the last living co-beneficiary in a Joint Investor Share, provided that the indication of succession is "YES".

To consolidate the Client Shares of an Investor, the following actions are required:

• The Share identification data must match. Otherwise, a change of Share data is needed first by submitting the relevant application APP004 in accordance with the procedure in force.
• The Participant who handles the securities of the absorbed Share to block them due to a Declaration of Intent.
• To be submitted by the beneficiary to the Participant the relevant Share Consolidation Application APP005, in accordance with the applicable procedure. ATHEXCSD handles the request as follows:
  • Transfer the securities held from the Securities Account of the absorbed Unit to that of the Unit held, handled by the target Participant, and thereafter,
  • Deactivates the absorbed Share of the beneficiary

Charge: €12,40 (incl. VAT).
 

3. Transfer of Securities to a Participant's Account from a Temporary Special Transfer Account in case of Participant Insolvency

In order to carry out a transfer of securities from a special Temporary Transfer Account to Participant’s Account in the DSS, beneficiaries are required to do the following:

• Conclusion of a cooperation agreement with another Participant of their choice, if they do not already have an active Participant Account.
• Submission of a securities transfer request to ATHEXCSD for the transfer of securities to an active Participant Account of their choice, through the relevant Securities Transfer Application AIT059

Charge: €1 per securities transfer order, in addition to securities custody rights in the special temporary transfer account.

Services are provided in one of the following ways:

• Through the related Participants of the beneficiaries of Units in the DSS, who submit the relevant investor requests  electronically through the JIRA Service Desk/Registry services application. In applications that include personal data of investors, the authentication of the beneficiary's signature is required through the service "Digital Document Attestation - Gov.gr (www.gov.gr)" or by an administrative authority (KEP, Municipality, etc.). Moreover, it is mandatory that the beneficiary has specified the sending of the requested data to the Participant in the application ("By sending via JIRA Service Desk to the Participant").  
• By e-mail to the address ARS@athexgroup.gr. Applications containing personal data require the authentication of the beneficiary's signature through the service Digital document attestation
• By post or courier services, by sending all required application forms and attached documents to:
  • Hellenic Central Securities Depository S.A. 
  • Department of Accounts & Registry Services  
  • Athens Office: 110 Athinon Avenue, 104 42 Athens
• Applications containing personal data require the authentication of the beneficiary's signature by an administrative authority (KEP, Municipality, etc.).
• With the beneficiary’s physical presence or his authorized representative at the offices of ATHEXCSD (110 Athinon Avenue, 10442 Athens), by appointment (tel. 2103366776, opening hours 09:00-17:00).
• By telephone (+30) 210 336 6776 (09:00 - 17:00 Monday to Friday). 

The relevant charges for the implementation of requests are paid by depositing the amount in one of the following bank accounts of ATHEXCSD (with indication in the reason for deposit of the name / business name of the beneficiary concerned by the request). Proof of deposit must be sent immediately by email to ARS@athexgroup.gr address.

Please note that foreign legal entities resident in EU countries carrying out intra-community transactions are excluded from the payment of VAT, provided that they are registered in the Value Added Tax Information Exchange System VIES, as well as foreign legal entities of third countries that carry out transactions outside the intra-community transport of goods.
 

Service fees are provided in accordance with Resolution 18 of ATHEXCSD BoD. For more information click here.