EÖS
Electronic Payment System — execution of payments on securities.
The Electronic Payment System (EÖS) ensures the electronic execution of cash settlements under securities transactions and of issuers’ payments.
Payments executed through the system
- Settlement of transactions — on a “delivery versus payment” basis;
- Dividend payments;
- Coupon and principal payments on bonds;
- Payment of service fees.
What “delivery versus payment” means
The transfer of a security and the payment of cash happen interdependently and at the same moment. This principle eliminates the risk that one of the parties fails to meet its obligation and is regarded as the international standard.
The login address and user guide for the system are provided in this section.