Investment and non-principal services

The Bank Treasury is considered a department providing investment and non-principal  services, which is an independent structural department.
Investment and non-principal services are provided according to the relevant terms and conditions of contracts signed between “Unibank” OJSC and the clients.
 
The contacts and applications for the provision of investment services are drawn up in Armenian, and for non-residents in English and Russian. The agreement comes into force from the moment of signing and is valid for one year.
 
Reports and statements are provided in paper or electronic form. The place of conclusion of the order can be both the stock market and the over-the-counter market.
 
Instructions to the bank for transactions with securities, as well as purchase and sale requests, are sent in paper form (signed and sealed (if there is a seal) by the client or their authorized person) or electronically. 
 
Acceptance and execution of securities transaction orders issued by the client is carried out on the day of execution indicated in the orders. If the days of issuing and execution of orders coincide and the orders are received after 15:30, then the latter are subject to execution within a banking day.
 
The securities acquired as a result of the transaction or the funds generated are deposited into the Client's bank/card or deposit account within 1 /one/ banking day after the execution of the order.
 
As a result of transactions concluded with third parties on behalf of the Client, the Client is fully responsible for reimbursement of expenses and losses incurred by the Bank as a result of claims made by third parties against the Bank. The client is provided with reports on the performed operations, as well as information on the deposit account immediately after the transaction, but not later than the end of the next business day after the transaction was concluded. 
 
The reports and references are provided in paper or electronic form in the manner specified in the contract. Providing reports and references is free of charge. Commission fees are charged from the client for the provision of services according to the applicable tariffs of "Unibank" OJSC. If the currency of the transaction is another foreign currency other than AMD, then the commission charged for it is calculated by the average exchange rate announced by the Central Bank of the Republic of Armenia.
Information between the bank and the client is transferred by reliable means of information transfer in the manner specified in the contract.
 
The investors are exposed to a number of risks by investing in securities, which are different for different types of securities.
 
“Unibank” OJSC deals with state and corporate bonds and shares in the securities market.
 
Among the main risks characteristic to securities are:
1. Market risk
The market risk includes foreign exchange, price and interest rate risks.
 
2. Credit risk
The credit risk is the risk that may arise as a result of a person issuing a security not fulfilling their obligations in full or partly.
 
3. Liquidity risk
The liquidity risk suggests impossibility of executing transactions for the sale and purchase  of securities due to the illiquidity of the market or execution on non-optimal conditions.
 
4. Foreign exchange risk
The foreign exchange risk suggests possible losses due to the variations  in the exchange rate. 
 
5. Interest rate risk 
Interest rate risk is the risk arising from changes in market interest rates.
 
6. Inflation risk 
Inflation risk is the risk arising from the impact of inflationary pressure, as a result of which the purchasing power of income from investments in securities falls.
 
7. Other risks
These types of risks are those principal risks that can arise while making investments in the securities. 
 
In order to get information about other possible risks feel free to contact “Unibank” OJSC.    

• “Unibank” OJSC does not insure the investor against adverse price variations in the market. 
  
• ATTENTION: in case of execution of transactions in accordance with the conditions specified in the order, the RISK related to investment in securities is borne by the CUSTOMER. "Unibank" OJSC WILL NOT COMPENSATE the customer's damages, if they were not caused by "Unibank" OJSC as a result of unscrupulous behavior.
  
• Investments in securities are not secured by the deposit guarantee fund, except for the bonds issued by banks, which were purchased by individuals in accordance with the provisions of the Law of the Republic of Armenia on Guaranteeing the Compensation of Bank Deposits of Individuals.
  
• Investment and non-principal services are provided according to the applicable tariffs and rates of "Unibank" OJSC.
  

Conflict of Interest Prevention Policy
 
When carrying out transactions on the securities market, the Bank acts on the principles of  impartiality, uprightness, punctuality and mandatory notification of the clients of all transactions with their securities and funds.
 
When fulfilling customer orders, the Bank acts exclusively in the interests of the customer. The following measures implemented by the Bank are aimed at preventing conflicts of interest. Every investor gets a change to purchase/sell the securities in the primary and/or secondary market through the mediation of the bank (regulated “Armenia Stock Exchange” OJSC or unregulated) in case of the presence of the necessary funds and commission charged on the client's account in the bank, unless otherwise stipulated by the contract.

• If clients (investors) have submitted an Application for the purchase/sale of securities of the same issue at the same price, and the application is partially satisfied, then satisfaction is carried out according to the chronological principle (the moment of filing the application is indicated in the application submitted by the investor)ª priority is given to the earlier submitted application.
  

• If clients (investors) have submitted an Application for the purchase/sale of securities of the same issue at the same price, and the application is partially satisfied, then the bank satisfies clients' requests on a pro rata basis.
  

• If the Bank and the investor submitted an application for the purchase/sale of securities of the same issue at the same time and at the same price, and the application was partially satisfied, then the Bank considers the investor's application to be primarily satisfied.
  
• In case of the receipt of applications for the purchase and/or sale of securities of the same issue from different investors at the same price, the Bank is entitled to submit applications in the form of a single application, and in case of concluding a transaction, the applications are also considered satisfied on a chronological basis.
  
• If counter-applications are accepted, in the case of applications with the same execution price, the Bank executes the transaction outside the regulated market by notifying the investors in advance, except for transactions with securities, with which the conclusion of transactions is mandatory in the regulated market.
  

List of documents required to use the provided services
 
List of documents necessary for legal entities
 
In order to use the investment and non-core services provided by the bank, the director (manager), the chief accountant (if any), as well as the individuals with the right to sign, come to the bank, having with them the round seal of the enterprise and the following documents: identification document,

1. state registration certificate of a legal entity (original and 1 copy),
   
2. the charter (original and 1 copy sewn and sealed with the inscription “True with the original”),
   
3. Taxpayer identification number (original and 1 copy)
   
4. Extracts or certified copies from the appointment orders of the director (head), chief accountant (if available), as well as other individuals with the right to sign, in the case of the director, also a copy of the appointment decision / protocol / by the competent body. Copies of the order are not required if the mentioned people are registered in the submitted state registration certificate. In the case of non-resident legal entities, a relevant document certifying the appointment of the director (head), chief accountant (if available), as well as other people with the right to sign,
   
5.  In case of opening an account of a liquidating (in insolvency proceedings) legal entity, the liquidator (insolvency case) manager submits the decision of the relevant authority on liquidation (insolvency).
   

Additional documents and information may be required based on various circumstances.

List of documents necessary for legal entities (including private entrepreneurs)
 
To use the service, Individual (Private entrepreneur) visits the bank carrying the following documents with them:

1. Identification document,
   
2. Social security card (For RA citizens),
   
3. Private entrepreneur's certificate (original and copy) and stamp (if available) (required only from a  Private entrepreneur),
   
4. Taxpayer identification number (original and 1 copy) (required only from a  Private entrepreneur),
   
5.  In case of opening an account of a liquidating (in insolvency proceedings) private entrepreneur, the liquidator (insolvency case) manager submits the decision of the relevant authority on liquidation (insolvency),
   
6. In case of a person authorized to manage the funds of the account (accounts) credentials certified by a notary. 
   

Additional documents and information may be required based on various circumstances.

Repo/reverse repo operations
 
Unibank, as a provider of investment services, carries out Repo/Reverse Repo operations with RA Banks and qualified legal entities that are clients of the Bank.
In a repo agreement, one of the parties, the seller, pledges to transfer securities to the other party, the buyer, as property within the period specified by the contract, and the buyer pledges to accept these securities and pay a certain amount specified by the contract in exchange for them, and then sell securities equivalent to the purchased securities back to the seller within the period specified by the contract. The seller is committed to accept these securities and pay for them a certain amount defined by the contract.
Repo/Reverse repo transactions are not concluded by the bank in the format of a public offer, the conditions of those transactions are not standardized- they are agreed with each counterparty separately.
You can get acquainted with commissions for the provision of Investment and non-principal services in the “Tariffs” section. 
Call center: (+37410) 59 55 55: