If you are planning to become an investor, here are some important facts to keep in mind!

What happens in the event of a fund participation titles purchase?

An investment fund is a financial solution for investing capital. Because the investor's assets are at stake and financial products generally require more detailed explanation, participation titles:are usually offered in banks by trained investment advisors. 

The following parties are involved when investing in a fund:

Chart: Illustrative diagram of the parties involved in a fund purchase

How to purchase participation titles

A.     Via our distributor, BCR, at one of their branches:

1

1. Open a current account at BCR, Romania.

2

Fill in the subscription forms (signing-up form and subscription form) together with a branch operator. The first subscription for any of our investment funds will be made only at BCR central office.

3

The transfer of the money will be automatically processed.

Direct subscription: If, on the signing-up form, you ticked the box for direct subscriptionfurther subscriptions that you make will not require another subscription form. All that would be needed will be to transfer the amount of money into your chosen fund account, and the management company will issue the participation titles corresponding to the amount transferred.

B.      Via SAI Erste Asset Management central office

1

Fill in the subscription forms (signing-up form and subscription form) together with a SAI Erste Asset Manangement SA representative. The first subscription for any of our investment funds will be made only at Erste Asset Management central office

3

If, on the signing-up form, you ticked the box for direct subscription, further subscriptions that you make will not require another subscription form. All that would be needed will be to transfer the amount of money into your chosen fund account, and the management company will issue the participation titles corresponding to the amount transferred

2

Transfer the money you have in your current account into the chosen fund account. The transfer can be made via money order, internet banking or standing order. For payment orders, the “Beneficiary” will be completed with the name of the fund, the "Beneficiary IBAN” will be completed with the IBAN code of the account of the fund indicated in the list below, and the "Payment details" will be completed with "Subscription Fund name, Payer name, Payer Personal Identification Code/Registration Code"

(*) The omnibus fund accounts available for SAI Erste Asset Management SA distribution are:

- RON denominated funds:

  • ERSTE Money Market RON (former ERSTE Monetar) – IBAN in RON: RO73 RNCB 0090 1280 9372 0005
  • ERSTE Bond Flexible RON (former BCR Obligatiuni) – IBAN in RON: RO47 RNCB 0090 0928 8537 0513
  • ERSTE Balanced RON (former BCR Dinamic) – IBAN in RON: RO47 RNCB 0090 0928 8647 0299
  • ERSTE Equity Romania (former BCR Expert) – IBAN in RON: RO50 RNCB 0090 0928 8661 0313
  • YOU INVEST Solid RON - IBAN in RON: RO27 RNCB 0090 1405 3403 0003
  • YOU INVEST Balanced RON - IBAN in RON: IBAN RO63 RNCB 0090 1405 1585 0003
  • YOU INVEST Active RON – IBAN in RON: RO79 RNCB 0090 0935 0331 0571

- EUR denominated funds:

  • ERSTE Bond Flexible Romania EUR - IBAN in EUR: RO25 RNCB 0090 1342 7121 0004
  • YOU INVEST Solid EUR - IBAN in EUR: RO85 RNCB 0090 1405 1778 0004
  • YOU INVEST Balanced EUR - IBAN in EUR: RO78 RNCB 0090 1342 7112 0004
  • YOU INVEST Active EUR - IBAN in EUR: RO06 RNCB 0090 1342 7062 0004

Documents needed for subscription:

Resident retail investor: ID/ passport
Nonresident retail investor: passport (exception for nonresidents, EU citizens: passport or another ID available for the residence country)
Legal person investors: a certified copy of a document that confirms legal representative capacity to sign the Signing-up form or an authentic delegacy in which the legal representative nominates an authorized person to sign the Signing-up form and to make transactions with unit funds. Other documents needed:

  • copy of the registration certificate
  • copy of the legal representative’s ID document
  • Trade Register certificate
  • copy of the company’s charter/ certificate of incorporation and by laws

What happens in the event of a fund participation titles redemption?

  • The redemption of the fund units can be registered only to the BCR branches or to SAI Erste Asset Management SA headquarter.
  • Investors shall be entitled to redeem at any time the fund units held, either in part or in full. When following the submission of a Redemption Request Form, investors are left with less than one fund unit, the residual fraction shall be mandatorily redeemed on the same occasion.
  • Once submitted at the venues of distributors or at the headquarters of SAI ERSTE, as appropriate, the redemption request becomes irrevocable.
  • Upon receipt of a Redemption request, SAI ERSTE calculates the amount due to the investor and, when distributors are involved, such distributors shall pay out redemptions at their venues upon receipt of relevant instructions from SAI ERSTE.
  • No cash payouts are made at the headquarters of SAI ERSTE or at the venues of distributors, as appropriate.

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Disclaimer

Previous performance of the Fund is not a guarantee of future results! Please read the prospectus and the key investor document (KID) provided in art. 98 of G.E.O. no. 32/2012 before investing in fund! The Prospectus and the key investor document (KID) are available in Romanian and English language on www.erste-am.ro and may be obtained from the agencies/units pertaining to the Romanian Commercial Bank and from the premises of SAI Erste Asset Management S.A.

Open end fund ERSTE Money Market RON (former ERSTE Monetar), NSC Decision 596/04.07.2012, FSA Register no. CSC06FDIR/400079; Open end fund ERSTE Bond Flexible RON (former BCR Obligatiuni), NSC Decision 1872/2007 FSA Register no. CSC06FDIR/400039; Open end fund ERSTE Bond Flexible Romania EUR, NSC Decision 371 / 25.04.2013, FSA Register CSC06FDIR / 400081; Open end fund ERSTE Balanced RON (former BCR Dinamic), NSC Decision 3117/2004, FSA Register no. CSC06FDIR/400002; Open end fund ERSTE Equity Romania (former BCR Expert), NSC Decision 3215/2005, FSA Register nr. CSC06FDIR/400024; Open end fund YOU INVEST Solid RON, FSA Authorisation no. A/21/2014, FSA Register no. CSC06FDIR/400087; Open end fund YOU INVEST Balanced RON, FSA Authorisation no. A/23/2014, FSA Register no. CSC06FDIR/400089; Open end fund YOU INVEST Active RON, NSC Decision no. 1870/2007, FSA Register no. CSC06FDIR/400042; Open end fund YOU INVEST Solid EUR, FSA Authorisation no. A/22/2014, FSA Register no. CSC06FDIR/400088; Open end fund YOU INVEST Balanced EUR, NSC Decision no. 370/ 2013, FSA Register no.CSC06FDIR/400082; Open end fund YOU INVEST Active EUR, NSC Decision no. 369/2013, FSA Register no. CSC06FDIR/ 400083.

SAI ERSTE Asset Management SA, authorized by NSC with the Decision no 98/21.01.2009, registered with FSA Public Registry with number PJR05SAIR/400028, Number General Registry ANSPDCP: 0017716, Phone: 0372.269.999; Fax: 0372.870.995; www.erste-am.ro; email: office@erste-am.ro.

Depository: BCR SA