The services provided in accordance with Decision No 7 of ATHEXCSD Board of Directors
concern the DSS recording of the separation to bare ownership and usufruct. Either ATHEXCSD or the Participant provide these services.
Specifically, the following actions are required for ATHEXCSD to form the usufruct:
It is formed by an agreement sent to ATHEXCSD (by reason of sale or donation/parental benefit) or by reason of inheritance (will).
The Participant who keeps under its management the securities shall bind them with a Statement of Intent.
A Notice of Usufruct Formation on Dematerialised Securities shall be submitted to ATHEXCSD (ΑΙΤ011), which is signed by both parties.
If the usufruct is formed by reason of donation/parental benefit or inheritance, the certificate of Article 105 of Legislative Decree 118/73 must be submitted.
Details are given in the instructions (ΚΑΑ506).
Fee (Resolution No 18 of ATHEXCSD Board of Directors): 0.04% on the value of the usufruct per party. Minimum EUR 10 fee per request and party.