Capital markets
The trade with shares of Bulgarian public companies occurs on the Bulgarian Stock Exchange – Sofia (BSE) with the help of licensed investment intermediaries. After selecting an investment intermediary, you need to sign a standard contract for provision of broker services. In order to enter relevant data in the contract you will be requested to provide your ID. After the contract is signed and issued in two copies, one for you and one for the investment intermediary, it is time to file the “sale/buy” order.If you wish to buy shares, you need to deposit the relevant amount of money in cash or in the bank account of your broker. The transaction’s value is indicated in the order and depends on the price and number of shares. The specific price of your “buy” order is in your judgment and can be influenced by the information in the BSE bulletins.
If you wish to sell shares, you need to present the deposit receipt verifying your ownership over these. The “buy/sell” order is as well issued in two copies and signed by the two parties.
Beforehand you need to get acquainted with the investment intermediary’s Tariff for taxes and commissions in transactions with Bulgarian securities that can be found on an accessible and visible place in his office.
BSE’s working hours are 9:30 AM-1:45 PM every workday. This is also the time span within which your order can be performed, changed, or canceled.
Changes and cancellation of still pending orders can be made on the phone, but till the end of the investment intermediary’s working day you need to sign the new documents personally.
If your order is implemented (something you can learn on the phone after 1:45 PM), you need to sign the confirmation for the transaction If your order was “sell”, after the deal’s settlement and confirmation’s signing you can instantly receive the money in cash or in your bank account. If your order was “buy” and was implemented on the price set initially by you, after signing the confirmation you just need to pay the specified commission.
