ATHEX ACADEMY

ATHEXCSD 

Certifications

 

 

As an institutional pillar of the Greek capital market, Athens Exchange Group is committed to protecting investors and its members. To ensure this, we have established specific certification criteria for participants in the settlement and handling system of the Dematerialized Securities System (DSS).

 

In this context, ATHEXCSD offers the Settlement Agent Certificate (SAC) for its participants.

 

The ATHEXCSD certifications do not have an expiration date; however, they require an active certification from the Capital Market Commission or the Bank of Greece.

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Participation Criteria

Anyone who is at least 18 years old and holds the (ΣΤ1) certificate from the Hellenic Capital Market Commission or Bank of Greece. 

Examination Material

The thematic sections of the examination material for the Settlement Agent Certificate (SAC) are as follows:

Α. Institutional FrameworkΒ. Special Topics 
Regulation of the Operation of ATHEXCSD Depository Services of ATHEXCSD
Resolutions of the ATHEXCSD Board of Directors Access to the Dematerialized Securities System (DSS)
 DSS Participants: Requirements & Organizational Adequacy
 

Central Maintenance Service:

  • Securities Shares and Accounts
  • Consolidation of Shares – Closure of Accounts
 Special Obligations Regarding Securities Accounts
 Initial Recording Service
 

Settlement Service:

  • Settlement Accounts
  • General Settlement Principles
  • Settlement Procedures
  • Irrevocability of Settlement
  • Financial Penalties for Settlement Failures
  • Provision of Collateral Management Services to Market Infrastructure Managers
 Collateral Management
 Registration of Seizures
 Registry Service for Corporate and other Related Actions
 Direct and Indirect Connections of ATHEXCSD
 Other Depository Services
 Measures Against Participants

 

Preparatory Seminars

If you are short on preparation time, you can opt to attend the preparatory seminars for the ATHEXCSD certifications. Register your participation here.

Examinations

Our examinations are held at least once a year at the Athens Stock Exchange headquarters (110 Athinon Avenue, Athens 104 42). The deadlines, application details, and examination schedule are posted on this page.

Cost and Payment Methods

The participation fee for the examinations amounts to €150 and should be deposited into the following ALPHA BANK account. The bank deposit slip, under the depositor's name, must be presented or sent along with the application for participation.

Account Number:   101-00-2002-063823

Account IBAN:   GR38 0140 1010 1010 0200 2063 823 

Application and other supporting documents 

The documents required in order for the applications to be considered complete and become accepted by the Athens Stock Exchange are the following:

  • Application for a Settlement Agent Certificate (fully completed and signed)
     
  • Certificate of type (ΣΤ1) of the Hellenic Capital Market Commission or Bank of Greece (fully completed and signed)
     
  • Copy of identity card or passport (certified)
     
  • Bank deposit slip under ATHEXCSD (€150)
     

To participate in the examinations, you must submit your written application form and supporting documents within the deadline at the Athens Stock Exchange's Protocol Office or send them electronically to the following email: certifications@athexgroup.gr.

Exceptions

You may be exempted from the examinations (under Resolution 2) if you have:
 

  • An active certificate with the content of a certificate of the same content as the Settlement Agent Certificate from another central securities depository or related body supervised by an EEA Member State other than Greece, the USA, Canada, Australia, Switzerland or the United Kingdom or by authorities or bodies competent to issue relevant certificates of the aforementioned State; or
     
  • Two years of experience, acquired within the last five (5) years from the date of submission of the relevant application for certification, as a member or participant of a central securities depository or clearing house or central counterparty of an EEA Member State other than Greece, the United States, Canada, Australia, Australia, Switzerland or the United Kingdom, whose main occupation is the exercise of functions in the areas of clearing or settlement. This experience should be certified by the member or participant or the relevant competent bodies in accordance with the law governing it (certificate of previous experience).
     
  • In addition to the above conditions, as appropriate:
    • have attended a special seminar organized by the ATHEXGROUP on subjects related to the scope of the ID Certificate certification. These seminars are organized at least two (2) times per year.
       
    • declare on a form provided by ATHEXCSD to the candidate that he/she is familiar with the Rules, the relevant ATHEXCSD Resolutions and other technical functions or manuals made available by ATHEXCSD, and that he/she fully understands their content and the relevant obligations related to the status of Certified Settlement Agent.
       
Application for certificationDownload PDF
Joint Declaration of Candidate & Participant or MemberDownload PDF
Certified Copy of a Type Certificate (C1) of the Hellenic Capital Market Commission or Bank of Greece  
Certified Copy of Identity Card or Passport 
Bank deposit slip under ATHEXCSD (€150)