Croatia
OTP banka Croatia Securities Services
OTP banka Croatia Securities Services Department is a committed and well-experienced local provider with strong servicing history, has been providing custody services since 1998.
OTP banka is in constant attempts to change market conditions to the favour of investors and to apply new procedures enabling us to minimize exposures and maximize range of services offered to our clients. We believe that only by doing this we have the possibility to build strong and long-lasting client base. Accordingly, OTP banka’s commitment to the Securities Services business is confirmed with wide range of clients the majority of which we have a long-term and successful business relationship. Furthermore, expertise of OTP banka Securities Services can be confirmed with numerus rewards awarded by reputable foreign magazines specialised for custody business such as Global Finance, Global Investor, Global Custodian.
Market Profile
Learn more about Croatia: Market Profile Croatia (pdf)
Contacts
OTP GSS group email address: Securities.Services@otpbanka.hr
Martina Martek
Director of Securities Services Department
Financial Markets DirectorateMarina Šonje Tomorad
Head of Custody team
Securities Services DepartmentVesna Ćurić
Head of Depositary team
Securities Services Department
NewsFlash from Croatia
- New amendments and changes to the CDCC Fee schedule 10/09/2024
- List of third parties to whom OTP banka d.d. has delegated custody operations as of August 22nd 2024 23/08/2024
- Updated list of third parties to whom OTP banka d.d. has delegated custody operations as of August 22nd 2024 - detailed 23/08/2024
- New amendments of CDCC Rules and Procedures 08/08/2024
- Upcoming public holidays 06/08/2024
- CDCC confirmed new Pricelist would enter into force as of 1 January 2025 29/07/2024
- For the tenth time, we have been declared the best sub-custodian bank in Croatia according to Global Finance 12/06/2024
- Proposal for a Directive on faster and safer relief of excess withholding taxes- update 2 (from August 4th, 2024) 11/06/2024
- Notice on planned merger of SKB bank with NOVA KBM bank 06/06/2024
- Upcoming public holidays 20/05/2024
- Notification of service availability on 17th April 2024 16/04/2024
- New DTT Signed between Croatia and Egypt 08/04/2024
- Upcoming public holidays 08/04/2024
- Daylight Saving Time (DST) start 2024 26/03/2024
- Upcoming public holidays 25/03/2024
- April 17, 2024, the day of Parliamentary Elections in Croatia, was declared a non-working day 18/03/2024
- New amendeds of the „black and grey“ lists of EU non-cooperative tax jurisdictions for tax purposes - update 23/02/2024
- New DTT between Hong Kong and Croatia signed 30/01/2024
- The hold and release mechanism and partial settlement within Croatian CDCC 25/01/2024
- Earlier entry of settlement instructions in SKDD-CCP 09/01/2024
- Change of legal default interest rate 08/01/2024
- Obligation of mandatory disclosure of individuals holding debt securities on transactional omnibus custody accounts in SKDD 28/12/2023
- Change of the source of the Exchange Rate List in securities valuation when calculating the Fee for Custody Services 20/12/2023
- Non-working days in Croatia for year 2024 11/12/2023
- The amended „black and grey“ lists of EU non-cooperative tax jurisdictions for tax purposes - update 06/11/2023
- Approval of the new Price list of the Zagreb Stock Exchange 06/11/2023
- The amended list of EU non-cooperative tax jurisdictions for tax purposes 25/10/2023
- DST end 2023 25/10/2023
- A DTT between Cyprus and Croatia has been signed 23/10/2023
- Amendments to the Information for investors in financial instruments 23/10/2023
- OTP bank d.d. acknowledged as the best sub-custodian bank in the Republic of Croatia in the selection of Global Investor/ISF magazine 16/10/2023
- Changes and amendments to the Income Tax Act and the Profit Tax Act – update 13/10/2023
- Changes and amendments to the Income Tax Act and the Profit Tax Act 06/10/2023
- New DTT Signed between Croatia and Egypt 28/09/2023
- Incorporation of EuroCTP B.V. company and election of Chair of the Supervisory Board 14/09/2023
- Changes and amendments related to the CDCC migration to T2S system starting from October 11, 2023 11/09/2023
- CDCC migration to T2S system starting from September 11, 2023 11/09/2023
- SKDD - list of BIC codes of all SKDD participants that will be used after the migration of SKDD to T2S 21/06/2023
- OTP bank d.d. declared the best custodian bank in Croatia for the ninth time according to Global Finance 06/06/2023
- CDCC updates related to Croatia’s joining T2S 27/02/2023
- Non-working days in Croatia for year 2023 12/12/2022
- DTT between Croatia and USA signed on 7 December 2022 12/12/2022
- OTP Group - Bank of the Year in Central and Eastern Europe 09/12/2022
- CDCC Inc. announced changes and amendments of CDCC Rules and Procedures 25/10/2022
- DST end 2022 25/10/2022
- CSDR Mandatory Buy-In regime delayed till November 02, 2025 21/10/2022
- CDCC Inc. published on their webpage document related to activities planned till end of year 2023, related to euro introduction - update 21/10/2022
- CDCC Inc. published on their webpage document related to activities planned till end of year 2023, related to euro introduction 07/10/2022
- ZSE’s webpage on the introduction of euro currency 04/10/2022
- ZSE resolution on amendments to the trading calendar in 2022 08/09/2022
- Acquisition of an additional share in the Macedonian Stock Exchange 19/07/2022
- Association of Banks and Other Financial Institutions held an election session 02/06/2022
- Summary: MoU signed between Croatia and North Macedonia 01/06/2022
- Amendments to the Rules of the Investor Protection Fund 01/06/2022
- OTP banka d.d. won for the eighth time Global Finance Award The World's Best Sub-custodian 2022. 01/06/2022
- Croatian securities market will be part of T2S 20/05/2022
- Introduction of Euro as official currency in the Republic of Croatia 17/05/2022
- Methodology for calculating value of securities Croatia 16/02/2022
- Implementation of Settlement Tolerance Level on Croatian Market 15/02/2022
- SDR Implementation in Croatia 11/02/2022
- SKDD granted with the CSDR licence 10/02/2022
- Implementation of Settlement Discipline Regime (SDR) 01/02/2022
- Cash penalties 28/12/2021
- CSDR Settlement Discipline Penalties 28/12/2021
- References/Useful website links for CSDR Regulation and Settlement Discipline Regime implementation in February 2022 28/12/2021
- Short summary of CSDR regulation and Settlement discipline regime (SDR), new reporting, new clients' and OTP banka's obligations 28/12/2021
- OTP Group - Bank of the Year in Central and Eastern Europe 08/12/2021
- OTP banka d.d. - Bank of the year 2021 in Croatia 08/12/2021
- Amendments to the ZSE Price list 19/11/2021
- Share capital increase of SKDD-CCP Smart Clear d.d. 09/11/2021
- Presentation on SKDD-CCP migration plan 27/10/2021
- Changes and amendments to the Alternative Investment Funds Act and Act on Open-Ended Investment Funds with a Public Offering 26/10/2021
- Acquisition of an additional share in the Macedonian Stock Exchange 20/10/2021
- CDCC and Central Securities Depository AD Skopje signed a Memorandum of Cooperation 12/10/2021
- Decision repealing the Decision on temporary restriction of distributions 08/10/2021
- Changes and amendments to the Rules of the Zagreb Stock Exchange 08/10/2021
- SKDD-CCP Smart Clear d.d. obtained positive opinion on Licence issuance 08/10/2021
- SKDD-CCP presentation on the start of operational business 10/09/2021
- Established Board of regulators of the company CDCC-CCP Smart Clear 23/08/2021
- Changes and Amendments to the Croatian Capital Market Act 29/07/2021
- Nomination for Croatian market Association of local custodians and depository banks 06/07/2021
- ZSE received approval to increase their threshold in Macedonian Stock Exchange 23/06/2021
- European Commission appoints ZSE a member of Technical Expert Stakeholder Group on SMEs 04/06/2021
- SKDD–CCP Smart Clear dd Licencing status update 26/05/2021
- SKDD and SKDD–CCP Smart Clear dd Licencing in testing phase 12/05/2021
- SKDD–CCP Smart Clear dd Licencing status update 04/05/2021
- New CDCC’s Operational Procedures and Pricelist approved by HANFA 17/03/2021
- SKDD–CCP Smart Clear dd Licencing status update 23/02/2021
- CDCC Licencing status update (CSDR) 18/02/2021
- CDCC licencing status update 15/01/2021
- Trading on ZSE Resumed 29/12/2020
- Trading on ZSE Temporarily Suspended 29/12/2020
- Upcoming public holidays 28/12/2020
- Upcoming public holidays 22/12/2020
- Decrease of Withholding Tax on Interest and the capital gain tax rate 21/12/2020
- Upcoming public holidays 15/12/2020
- Amendments to The Profit Tax Act and The Income Tax Act 15/12/2020
- CDCC SRDII Harmonization Project Update 9/12/2020
- Securities Services department of OTP BANKA wins two prestigious awards 7/10/2020
Public holidays in 2024
Date | Public Holiday |
---|---|
1 November | All Saints' Day (Central Depository: the settlement system only works for OTC transactions) |
18 November | Remembrance Day for the Victims of the Homeland War and Remembrance Day for the Victims of Vukovar and Škabrnja (Central Depository: the settlement system only works for OTC transactions) |
24 December | Christmas Eve |
25 December | Christmas Day |
26 December | St. Stephen's Day |
31 December | New Year's Eve |
Date 1 November Public Holiday All Saints' Day
(Central Depository: the settlement system only works for OTC transactions)Date 18 November Public Holiday Remembrance Day for the Victims of the Homeland War and Remembrance Day for the Victims of Vukovar and Škabrnja
(Central Depository: the settlement system only works for OTC transactions)Date 24 December Public Holiday Christmas Eve Date 25 December Public Holiday Christmas Day Date 26 December Public Holiday St. Stephen's Day Date 31 December Public Holiday New Year's Eve
Useful links
Awards
Regulatory
Capital market
(available in Croatian only)
- Capital Market Act (Official Gazette, No 65/18)
- Act on Amendments to the Capital Market Act (Official Gazette, No 17/2020)
- Ordinance on organisational requirements for the provision of investment services and performance of investment activities and ancillary services, on remuneration policies and on criteria for significant investment firms (Official Gazette 89/18)
- Act on the Takeover of Joint-Stock Companies (Official Gazette, No 109/07, 36/09, 108/12 i 148/13)
Investment funds
(available in Croatian only)
- Act on Open-Ended Investment Funds with a Public Offering (Official Gazette 44/16, 126/19)
- Alternative Investment Funds Act (Official Gazette No 21/18, 126/19)
Pension Funds (Pillar II and Pillar III)
(available in Croatian only)
- Mandatory Pension Funds Act (Official Gazette No 19/14, 93/15, 64/18, 115/18)
- Voluntary Pension Funds Act (Official Gazette No 19/14, 29/18 and 115/18)
Other
- Credit Institutions Act, unofficial consolidated version of the Act (Official Gazette No 159/2013., 19/2015, 102/2015. i 15/2018.)
- Act on Amendments to the Credit Institutions Act (Official Gazette No 47/2020.)
- Company Act (Official Gazette No 111/93, 34/99, 121/99, 52/00, 118/03, 107/07, 146/08, 137/09, 125/11, 52/11, 111/12, 68/13, 110/15, 40/19) - available in Croatian only
This information is provided by OTP Banka d.d., a member of OTP Group, as a service to its customers only. The information and opinions provided therein has been prepared in good faith on the basis of information which is either publicly available or obtained from sources which OTP Banka d.d. and its affiliates reasonably believes reliable, and OTP Banka d.d. does not represent or warrant their veracity, accuracy, relevance including relevance of the legislation provided as links hereto, or completeness. Such publicly available information may be incomplete or condensed and no responsibility or liability (express or implied) is accepted for any errors, omissions or misstatement by OTP Banka d.d.. Information herein reflects the market situation at the time of writing and may change as market or regulatory conditions and circumstances develop. Figures relate to the past and indicate historic data. Past performance is not a reliable indicator of future results. No representation, warranty or undertaking, express or implied is made and no responsibility is taken or accepted by OTP Banka d.d. as to or in relation to the accuracy or completeness or otherwise of the material or as to the reasonableness of any assumption contained herein. The estimates and opinions included herein are subject to change without notice and solely reflect the viewpoint of the authors thereof and are not intended, and shall not be interpreted, as an offer by OTP Banka d.d. or any of its officers, directors, employees or agents to buy, sell, hold, hedge or otherwise deal with any currency, security, commodity or any kind of swap, forward rate, futures, options, derivatives or other contract or product whatsoever or an investment advice. It does not constitute legal, tax and accounting advice. Any person acting or behaving, or refraining from acting or behaving, in reliance on, or under the guidance of, the information provided or opinions expressed or recommendations made herein shall do so exclusively at its own risk based on independent assessment and without any liability for the result of its actions on the part of OTP Banka d.d. or any of its officers, directors, employees or agents. Any such assessment should involve the complex consideration of the legal, tax, accounting, regulatory, financial, credit and other related aspects of any decision in respect of the information contained herein in order to be capable of making a well advised decision based on opinions from competent and independent advisors or other experts. OTP Banka d.d. or any of its officers, directors, employees or agents shall not be liable for any failure to obtain such advice.
OTP Banka d.d. assumes no responsibility or liability for information contained herein and is not holding out any information as a recommendation to take (or refrain from taking) any action in respect of any financial instruments.
OTP Banka d.d. does not assume or accept any liability whatsoever for any direct, indirect, financial, economic or consequential loss or damage arising from any use of material contained herein, caused by the negligent act or omission of OTP Banka d.d., provided that such limitation of liability shall not apply to any liability which cannot be excluded or limited under applicable law.