What applies to joint accounts?
Your contract refers to joint accounts and what is valid according to the law of each country respectively.
Contracts with HSBC as the custodian are governed by Greek law, while contracts with foreign custodians are governed by the law of the country in which the custodian is established.
Common account
It is expressly agreed between the parties and specifically recognized by the Mandators that between the Mandators in relation to their present obligations and their rights, there is passive and active liability in its entirety. Each of the Mandators can use the account without the partnership of the other Mandators, having, indicatively, the right to provide, individually, instructions and orders to the Company, as well as the right to request from the Company the actual return or the liquidation of all or part of the portfolio and the return on it of the liquidation product. The Commanders provide with the attachment herein (Annex II), mutual instruction and irrevocable, in accordance with article 218 of the Civil Code, power of attorney to each other, which will be valid even after the death, incapacity or declaration of bankruptcy of any of them, to proceed any portfolio management operations, including self-contractual ones, including the liquidation of all or some of the items in the portfolio and the recovery of that product or the acquisition of its original assets.
Acts or omissions of one of the Mandators, in relation to the Company, unless otherwise expressly provided herein are considered joint acts or omissions of all Mandators and binding on them, which may be validly opposed against all or any of the Mandators. In particular, orders or instructions to the Company, statements, in particular for consent, approval, confirmation, partnership, authorization made or given by any of the Mandators, are irresistibly considered to have been made or given by all the Mandators jointly. Similarly, termination of this contract by any Principal terminates this contract and all the facts mentioned in article 486 of the Civil Code act objectively. Each of the Mandators is fully liable to the Company for any obligation of the Mandators arising from this contract wants to be created by their implementation. Statements and acts of the Company addressed or addressed according to the terms of the present to the Mandators, are considered valid against all the Mandators if they were made even to one of the Mandators.
What kind of products can I invest in from my account?
| Mutual Funds | Bonds | Stocks | ETFs | Money Market Instruments | Structured Products | |
|---|---|---|---|---|---|---|
| Advisory Management Account | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Discretionary Management Account | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
What documentation do I need to open an account?
To open an account as a natural person, you must provide us with the following documents, electronically or by mail:
- Valid ID or Passport
- Recent utility bill or phone company account for the purpose of confirming the client's home address and contact phone
- Recent document or proof of profession and office adress
- Social security documentation (AMKA) (idika.gr)
- Documents certifying the investor's origin of wealth and the origin of the invested capital
- Completed contract, depending on the type of account and custodian:
To open a legal entity account, follow the link that suits your preferences:
*this list is not exhaustive and additional documents may be required upon request.