An intensive exchange of information between the investor and the bank is the basis for any responsible business relationship. MiFID stipulates that banks, prior to providing financial services, must inform customers in detail about the bank and the services it offers. Investors are to be given a clear picture of the framework conditions under which they are carrying out their treasury and securities transactions.
The scope of disclosure obligations varies depending on the investor category. The more experience a customer possesses with regard to individual financial instruments, the more expert knowledge may be taken for granted.
Basic information about UniCredit Bank Czech Republic and Slovakia, a.s., pobočka zahraničnej banky and about services provided by UniCredit Bank Czech Republic and Slovakia, a.s., pobočka zahraničnej banky
Costs and fees of provided investment services
The costs and fees of provided investment services are contained in the pricelist of bank services for individual customers segments. However the costs and fees may also be contained in other contractual documentation or pricelists, constituting a part of the individual contractual documentation with customer. Other costs, including taxes which are not settled by means of the bank, being the securities trader and which are not required by the bank, might be incurred for customer in connection with the dealings in financial instruments or investment service.
Information on the instruction execution strategy
"The instruction execution strategy of UniCredit Bank Czech Republic and Slovakia, a.s., pobočka zahraničnej banky "stipulates the principles of execution of customers´ orders for acquisition and sale of financial instruments in the best customer’s interest. This set of instructions, governing the execution of orders, has been compiled in order to achieve the best results of orders execution for customer.
The transactions execution criteria must be transparent and comprehensive for customer.
The bank is required to determine its executive policy in compliance with legal requirements.
The execution policy of UniCredit Bank has been compiled, taking into consideration the following aspects:
In case of "retail clients", achieving of the best possible result is evaluated based on the overall costs, being the price of the financial instrument plus the costs of the order execution.
The execution policy of UniCredit Bank has been compiled in the manner to optimise all these factors in order to achieve the best benefit for the customer. However as far as determination of the best possible place of orders execution is concerned, it is impossible to guarantee in each individual case that that place shall ensure the continuous achievement of objectively the best result.
Execution policy of UniCredit Bank Czech Republic and Slovakia, a.s., pobočka zahraničnej banky (valid since 1. 9. 2015)