FAQ – Bulgarian Stock Exchange (BSA)

1. What is Deltastock’s BID price for Bulgarian corporate securities which I owe?
   
2. How will I be notified that my order(s) for the sale/purchase of a certain security has been executed?
   
3. Will I be given a document certifying that I own the securities which I have already bought via Deltastock’s intermediation?
   
4. How can I sell the securities that I have already bought?
   
5. How can I buy/sell securities from a non-public company?
   
6. Can I trade securities on the BSE online without visiting a Deltastock office?
   
7. Can I sell my securities at a higher price than the current market price?
   
8. Are there any fees due when I place or cancel an order?
   
9. How and when will I receive the funds I am entitled to when I sell securities on the BSE?
   
10. What documents are needed if I wish to sell my securities?
    
11. If my depository note(s) is lost or stolen, will I lose my securities?
    

What is Deltastock’s BID price for Bulgarian corporate securities which I owe?

All securities of Bulgarian public companies, which you owe, are tradable only on the Bulgarian Stock Exchange – Sofia Inc. (BSE) via licensed investment intermediaries such as Deltastock. Prices are determined by the current market conditions, therefore if you wish to sell or buy a certain security, you will be given the current BSE market quotes for that security. If a given instrument is presently not tradable, quotes will not be available until there is an offer for this instrument. In case the securities you own are issued by a non-public company, please check here.

How will I be notified that my order(s) for the sale/purchase of a certain security has been executed?

Upon the execution of every transaction on behalf of its clients, Deltastock is required to notify the concerned persons that their orders have been executed, and to provide all transaction details and relevant information. For this purpose, a document is formulated between the parties which contains all transaction details, the most important include: date, time and number of the transaction; number of securities and prices at which the transaction has been executed; settlement date; counterparties; all fees and commissions that are due to Deltastock and “Bulgarian Stock Exchange – Sofia” Inc.; the money you are entitled to receive or need to deposit if you are selling or purchasing securities, respectively.

Will I receive a document certifying that I own the securities which I have already bought via Deltastock’s intermediation?

Upon the settlement date of the transaction, you will receive a depository note by Deltastock, which is issued by Central Depository Inc. This depository note certifies that you own the securities you have bought via Deltastock’s intermediation.

How can I sell the securities that I have already bought?

In accordance with BSE regulations, you are entitled to sell your securities two business days after the settlement date. Due to the late hours when the settlement usually takes place, orders for the sale of securities can be placed on the third business day following the transaction date.

How can I buy/sell securities from a non-public company?

Deltastock can assist you if you wish to buy or sell securities from a non-public company. However, because of the lack of uniform and reliable sources of information on the demand and supply of such securities, Deltastock cannot guarantee its clients that a counterparty can be found for the conclusion of the appropriate transaction.

Can I trade securities on the BSE online without visiting a Deltastock office?

Yes, our clients are able to trade securities and place orders online via our proprietary trading platform Delta Broker. For more information about the platform, please check here.

Can I sell my securities at a higher price than the current market price?

Yes, this is possible by placing a limit order indicating the desired price. In case you wish to sell securities, the limit price should be higher than the current market price. If you wish to place a limit order for the purchase of a security, the indicated price should be lower than the current market price. In both cases, if the indicated prices in the orders are reached, the orders will be executed.

Are there any fees due when I place or cancel an order?

No, Deltastock does not charge any fees for placing or cancelling orders.
For more information, please check our Tariff for interest rates, fees and commissions.

How and when will I receive the funds I am entitled to when I sell securities on the BSE?

The settlement (the time needed to transfer money and securities between two client accounts of an executed transaction on the BSE) is two business days following the date when the transaction was concluded. On the third day following the transaction date, each client will have the money or securities that were subject to the transaction at their own disposal.

What documents are needed if I wish to sell my securities?

In order sell your securities you have to visit one of Deltastock’s offices and provide us with your personal ID card and depositary note(s).

If my depository note(s) is lost or stolen, will I lose my securities?

No, depository notes do not constitute ownership of securities. Their purpose is to certify changes in accounts containing securities at the Central Depository Inc. If you lose your depository note(s), you will need to visit an investment intermediary licensed to issue a duplicate.

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