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Government bonds
About
Having the role of financing the debt of the Romanian State, the government securities, from the perspective of an investor, natural / legal person, can be regarded as a saving alternative to bank deposits and / or monetary investment funds.
The risks associated with investing in government bonds are very low, almost zero. Also, the investment in such financial instruments benefits from the intrinsic guarantee offered by the issuer (Romania - through the Ministry of Finance), a guarantee that has an impact on all the funds invested in these instruments.
As a rule, the face value of government securities is 5,000 or 10,000 lei, 1,000 euros or 2,000 USD for those in foreign currency.
There are two broad categories of government bonds:
- Short-term government securities – are discounted treasury certificates, with maturity up to 1 year (6 months, 9 months, 1 year). They are government securities that an investor buys at a price lower than the nominal value and at maturity he will receive the nominal value, the difference between the two values represents the gain of the investment;
- Medium or long-term government securities – are government bonds with a maturity of more than 1 year, sold at the nominal value at which the state pays an interest annually (called in this case COUPON). As a rule, the payment of the coupon is made annually, on the anniversary of the issue, according to the conditions in the prospectus.
The purchase of government bonds can be done in the following two ways:
- Their acquisition on the primary market – through Banca Transilvania in its capacity as primary dealer on the government securities market – the procedure is non-formal for PF/PJ clients;
- Their acquisition on the secondary market – securities previously issued and already in circulation – the procedure by which, as a rule, due to lower costs, individual customers or non-financial companies purchase government bonds.
Trading conditions
- Completing and Signing after case, of specific contracts (contract of investment financial, custody contract) and their Annexes, including Providing Full of the data and Information Requested through the application opening conet;
Information on segregation of accounts of financial instrumentsz PDF
- Reading and acknowledgment (by a handwritten signature) of the MIFID presentation document;
- Completion of the questionnaires (profiling/suitability) presented at the initiation of the relationship/purchase of an investment product (in this case stat securities);
- Holding the amounts of money/financial instruments in the specific accounts necessary for the execution of the transactions (including the equivalent of the related fees and/or any other fees due).
If the client is a legal entity, he will be able to carry out transactions only after the purchase of an LEI Code (unique identification code of legal entities).
Lei code is a unique identifier of 20 characters, mandatory for a legal person performing a financial transaction.
Romanian and foreign legal entities can check the following internet pages for additional information:
