1. Skip to Menu
  2. Skip to Content
  3. Skip to Footer>

Purchase of securities

PDF Print E-mail

Following the primary sale of securities, any other offer, or trade securities is a secondary offering of securities. Secondary trading may take place only in the regulated market. Banja Luka Stock Exchange is regulated market on which to perform secondary trading of securities. Trading is done five times a week every day from Monday to Friday.

Details on the types of markets and how trading in the Banja Luka Stock Exchange can be found in the submenu of the trading system.

In order to buy securities (stocks, bonds) in the Banja Luka Stock Exchange, it is necessary that the client has an open account at the Central Registry of Securities, signed agreement with an authorized broker agent in the capital market of the Republic of Srpska (EUROBROKER) and order for the purchase of securities that are registered in the Banja Luka Stock Exchange.

How to become our client and issued an order you can read here.

When purchasing securities, the client is obliged to the client brokerage account pay the amount required to purchase the securities which includes the brokerage fee. Required amount must be registered with the client brokerage account not later than the entry of orders into the Stock Exchange Trading System (BST). If it does not happen, broker will refuse to fulfill orders and inform the customer in accordance with the Rules stockbroker.

Payment Instructions:

Account number: 555-007-10047804-80
Purpose of payment: Purchase of securities
In the account: Eurobroker a.d. Banja Luka

The broker will inform the customer about the movement of supply and price of the securities and briefly explain the method of price formation on stock exchanges and the technology of trading. The client will decide on the elements of the order which are most important:

• Type of securities: securities that the customer wants to buy;
• The amount of securities: the amount of securities that the client wants to buy;
• Price: the maximum price at which the client wants to buy the securities; client can sign the purchase order at the market price, which means that the broker is authorized to execute an order at the best market conditions, the first day of trading;
• Time of execution: the order can be a daily, open, or to apply by a certain date; Day order is valid only for the first day of trading, open order is valid until revoked, and if the order was not executed to within 180 days from the date of entry, modification or confirmation , BST it automatically deletes.

Details on the types of accounts can be found in the submenu of the trading system.

Order for the purchase of securities is received if it contains all the required elements. If the broker determines that because of inaccurate data can not possible in a timely manner to complete the procedure for the client in the Central Registry or if they are not paid on time needed funds, he is obliged to inform the client and to refuse that order.

If the information is correct, broker enters an order in the BST at the latest the first day of trading after receiving the order (applies to orders issued in the branches).

When the order is done, within three days (T +3) will be made clearing and settlement, which means that the buyer will receive purchased shares on a client account, while at that day, the stock broker will give an order for payment received from sale securities to the bank account of the seller.

When the order is done, stock broker is obliged to inform the customer in writen form. Notification on implementation of the orders also includes the calculation of work.