Česká spořitelna's new internet banking brings you the opportunity to trade in selected investment products online. Now in GEORGE you have the chance to trade bonds and premium deposits FX.
Only natural persons can actively trade these products in George.
In order to trade in George, you need to have an Investment Instruments Asset Account and a ČS current account. To set up a currency premium deposit, you need to have an account in the currency of the deposit, e.g. to set up a currency premium deposit in EUR, you need to have a foreign currency account in EUR.Purchases of bonds can be paid for from any cash account in the Czech Republic, when paying for the product in a currency other than the currency of the cash account, currency conversion will take place according to the currently valid currency exchange rate chart. Currency conversion also occurs if the payment of interest income or the repayment of the nominal value of the bond takes place and the client does not have a cash account in the given currency.
It is possible to trade with all titles that are in the "Search and buy" / "Store" offer - you can only buy products that are currently on offer (these bonds and debt securities have a published "Buy" price). Clients can sell any bond by entering a limit order to sell.
You can now trade mutual funds, stocks, ETFs, certificates, bonds and premium deposits FX in George.
Just enter the initial letter of the name of the investment product or its ISIN and George will guide you. You can now activate a filter called "bonds" or "premium deposits FX" and George will show you all products of this type that you can currently buy online through Česká spořitelna a.s. Then you just choose the product you want to trade and continue to enter the purchase order.
Mutual funds, stocks, ETFs, certificates, bonds and premium deposits FX can be purchased at any time through George. The order will be sent to the market during the trading hours of the market you want to buy. If you enter a trade outside of trading hours, the order will remain in the "entered" state, waiting for the market to open. Once the market opens, the order will be sent and its status will change to "market active". You can always check the order status in George in the history of open orders.
Trading is possible in the desktop version of George as well as in the mobile application.
The bid/ask price is the highest price at which a buyer is willing to buy a security at a given moment. The ask/buy price is the lowest price at which the seller is willing to sell the security at a given moment. The bid/sell price is usually lower than the ask/buy price.
Prices in George are displayed according to the market standard, i.e. with a delay of 15 minutes. If no online price is available, the last available price is displayed (this is the so-called mid price from the previous day, mid is the average of the purchase and sale prices). In this case, we will notify you of this fact directly during the transaction.
Yes, the so-called first level of market depth is displayed in George. Values are always linked to prices and you can't find them both on the search page for a new security in the "Search and Buy" menu and when filling out the purchase instruction itself.
Yes, the so-called first level of market depth is displayed in George. The values are The list of all fees can be found in the price list. In the case of transactions via internet banking, the fees are lower.
For selected investment products, such as shares, ETFs or bonds, it is necessary to have a sufficient balance available for payment of the investment already at the moment when the client submits an instruction to purchase the investment product. At this moment, a reservation is created on the money account from which the purchase will be paid. The reservation will remain in the money account until the trade is executed and settled. The duration of the reservation varies and depends on the type of product. (The principle is similar to card payment)
The instruction can be canceled if its status allows it. After opening an order detail in the Order History (open orders), the "Cancel" button is either active or inactive. "Market" type instructions cannot be canceled after they have been sent to the market.
You can buy and sell securities through Market or Limit orders in George
As soon as you enter a trade order, you will immediately see it in the history, where you can follow it further. When a trade is settled or expires, it will appear in Order History among closed orders. At the same time, we will send you transaction statements via the channel you chose when signing the contract (just like with mutual fund trading).
The trade settlement itself takes place only on the Trade Settlement Day. It varies according to the investment product and the chosen market.On the Trade Settlement Day, there are movements in both the asset (securities) and cash account (payment/disbursement).In case of early termination of the currency premium deposit, the settlement and payment will take place on the same day when the instruction was confirmed, if it is a working day. If it is a non-working day or a holiday, settlement will take place on the next business day. Purchase and sale orders on bonds are usually settled two working days (D+2) after execution of the order.
There are available bond prices in George. You can't find further details here at the moment. To obtain information about securities, you can use the website www.investicnicentrum.cz or you can download the mobile version of this website for free.
As best exe (Best Execution) we refer to the market on which it is possible to realize a purchase or sale under the best possible conditions.
This is a so-called fee for keeping records of securities. We calculate the price for keeping records daily from the current value of the securities. Listed securities are valued at market price, unlisted securities at nominal value. The amount is added up for individual securities and is billed collectively once per quarter. The minimum price for maintaining this record of securities on the asset account is CZK 25 per quarter.
Only natural persons can actively trade securities in George.
In the top bar, select the icon for "Settings" and then "Products". Here you will see your property account, after clicking on the whistle it will then appear in the Overview. The appearance of the card itself can then be further modified. From the card, you can conveniently access the details of your portfolio or search for other products.
To determine the value of the portfolio, the products are valued at their last known prices at the end of the previous trading day. For each price, the date or time at which it was set is known. The value of products in foreign currency is converted to Czech crowns using the CNB exchange rate on the previous day. For bonds, the mid price (average price calculated from the "Buy" and "Sell" prices) is used, which is also indicated in the product details. The price at which you buy or sell securities does not correspond to the price at which the portfolio is valued. Before each transaction, George or our bankers at the branches or on the phone will inform you of the price of the product and any fees associated with the transaction.
When purchasing bonds or premium deposits, payment orders are automatically generated, therefore a bank account maintained at Česká spořitelna is required for transactions with securities (purchase and sale). To set up a currency premium deposit, you need to have an account in the currency of the deposit, e.g. to set up a premium deposit FX in EUR, you need to have a foreign currency account in EUR.Purchases of bonds can be paid for from any cash account in the Czech Republic, when paying for the product in a currency other than the currency of the cash account, currency conversion will take place according to the currently valid currency exchange rate chart. Currency conversion also occurs if the payment of interest income or the repayment of the nominal value of the bond takes place and the client does not have a cash account in the given currency.
The newly created Asset Account will appear in George within 24 hours, please be patient.
In general, this does not mean that Česká spořitelna does not offer this security. However, it is possible that for some reason it is currently not possible to trade online. Please contact the Investment Specialist at 800 468 378.
This is an unrealized gain or loss. Otherwise, also the difference between the current market value of the securities (current market price per piece * number of pieces) and the market value of the securities at the time of their purchase (market price per piece at the time of purchase * number of pieces), excluding any acquisition fees.
In the column with the description of the current calendar year, we always show you the return of the portfolio for its last completed quarter. Between January 1 and March 31, this column will always be empty. The first update will take approx. 5 working day after the end of the 1st quarter, when in this column we will display the return of the entire portfolio since the beginning of the year for the completed 1st quarter. The next update will take place after the end of the 2nd and then the 3rd quarter. After the end of the 2nd quarter, you will see the return for the 1st and 2nd quarter from the beginning of the year, analogously after the end of the 3rd quarter, you will see the return for the 1st, 2nd and 3rd quarter from the beginning of the year. The last quarter of the year is always included in the total return for the just ended calendar year.
Yes, in the portfolio details, select "Statements" in the left menu. Here you will find both types of statements (Business overview and Portfolio overview) with the option of filtering them according to calendar years. Statements can also be downloaded in PDF format.
We generate a transactions overview for you after each one-time transaction. At the same time, it includes all regular transactions that have been made since the last one-time transaction. If you only invest regularly, then this statement is generated only once every 6 months.
In the Portfolio Overview, we inform you every quarter (but at least once a year) about the current market value of all securities in your asset account. At the same time, you have an analysis of all revenues and costs in the Portfolio Overview.
Sure, the setup is very simple. In the portfolio details, select "Product settings" in the left menu, where we will guide you through the change in the "Statement settings" section. The statements will then be available to you at any time right here. The statement generation frequency can only be adjusted for "Portfolio overview".
The knowledge profile of the client is the result of an adequacy test, which the bank must carry out with the client according to the applicable legislation (Act on doing business on the capital market and its implementing decrees). We will subsequently compare your Knowledge Profile with the nature of the product you purchased/exchanged every time you purchase or exchange an investment product, so that we can inform you about its adequacy or inadequacy in the context of the investment knowledge and experience you specified in the test. You can refuse to carry out the adequacy test, but then we are unable to assess the adequacy/inadequacy of the product. If you do not have a Knowledge Profile or want to update it, visit the nearest Česká spořitelna branch or your advisor.
If you do not see a "Purchase" option for a product under the "Shop" menu, it is possible that the desired product is no longer in the current offer. If the subscription of the given bond or premium deposits FX has ended, or if the bond is sold out, it can no longer be purchased. Another possible reason is that you inherited these investment products, or you haven't made any purchases in your portfolio for a long time. We therefore did not have the opportunity to talk to you about your knowledge and experience in the field of investing, and therefore we cannot assess whether the investment product chosen for you is appropriate for purchase. The law imposes on us the obligation to assess the adequacy of the investment product. After completing the investment questionnaire, the purchase option should already be available. In case of confusion, please contact us at 800 468 378 or contact your advisor.
Yes, if you have your property account displayed in George, you will see almost immediately in the "Instruction History" section all instructions, even those that you did not enter online, but at a branch or through a telephone banker.
It is possible if they are over 3 years old. George displays one-time instructions and transactions 3 years back for you. In the case of regular investing, you will find the history of regular instructions in the separate section "Regular investing", where active regular instructions are displayed without restrictions and inactive for a period of 3 years retroactively.
In George, you can actively "trade" both the investment products you have in your portfolio, and search for the product you are interested in under the "Find and Buy" menu. Just enter the initial letters of the product name or its ISIN and George will automatically tell you which products are available for purchase. If you wish to buy or sell a product that you have in your portfolio, hover over it in the overview of products in the portfolio and select the "Trade" button. Next, select the desired action from the menu. To successfully enter the instruction, you will be prompted to confirm it. Subsequently, the instruction will be able to be checked in "History of instructions" immediately after confirmation.
Move the mouse over a specific security or currency premium deposit in your portfolio, select the "Trade" button and then select the "Sell" option from the menu. To successfully enter the instruction, you will be prompted to confirm it. Subsequently, the instruction will be able to be checked in "History of instructions" immediately after confirmation.
No, we'll do it for you. When buying or selling, your money account at Česká spořitelna is automatically offered, from which the funds will be paid in the case of a purchase, or to which they will be paid out in the case of a sale. George refers to it as Settlement Account. After confirming the instruction, no further steps are required.
It is possible that you also inherited securities that are in the records of Česká spořitelna (e.g. open mutual funds) and as part of the Resolution on settlement of inheritance you requested their transfer to your property account. On the basis of the inheritance decree, we opened an asset account for you and transferred these securities to it. We set up an asset account for you because securities must be registered somewhere. In the coming days, you will be contacted by Česká spořitelna in order to sign the contractual documentation related to the opening of a property account. Subsequently, after signing the necessary documents, we will be happy to talk with you about the possibilities, advantages and risks of investing and advise you on how to proceed with your securities. If you have any questions today, call us toll-free at 800 468 378 or visit us at one of our branches.
Yes, and within the given period for which the subscription of a specific investment product lasts.
By default, we credit funds to clients' accounts at Česká spořitelna after 4 p.m. on the maturity date of the currency premium deposit. If the client has a money account in another bank, the funds will be credited the next working day (in the D+1 mode).
Funds continue to earn full interest according to the terms of the specific savings account. Interest also applies to the amount reserved for the purchase of an investment product, for the entire duration of the reservation.
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