Trust management

If the client is in Minsk, contact the Securities Department at the address: Minsk, Olshevsky St., 24, office 604.

If the client is in another location, contact the Banking Services Center of JSC Belagroprombank and ask a specialist to contact the employees of the Securities Department at 8 (017) 229-64-53, 8 (044) 764-04-88.

From 30 to 60 minutes (excluding transfer of funds to the TM).

The term of the agreement is determined by the trustor when submitting an application for acceptance of funds to the trustee (the period is indicated in the application).

The minimum validity period is 1 year.

The maximum validity period is 5 years.

For any period, automatic extension is provided if there is no intention of the parties to terminate the agreement.

For any period, early termination of the agreement is possible by notification no later than 30 calendar days before the expected date of termination of the agreement.

AFirst, it is necessary to provide the trustee with an application for acceptance of funds into the trust. Next, you need to contact personally any Banking Service Center of JSC Belagroprombank to open a current (settlement) bank account and credit the funds to be transferred to the trust account. After that to sign a payment order for the transfer of funds from the current (settlement) bank account to the account of the trustee specified in the agreement.

• with full TM: 5,000 US dollars / euros, 300,000 Russian rubles or 15,000 Belarusian rubles;
• with TM by agreement: 3,000 US dollars / euro, 200,000 Russian rubles or 9,000 Belarusian rubles;
• with TM by order: 1,000 US dollars/euro, 100,000 Russian rubles or 3,000 Belarusian rubles.

• Full TM;
• TM by agreement;
• TM by order.

• Conservative;
• moderate;
• aggressive;
• individual.

Within the framework of each strategy (with the exception of individual), the trustee can develop substrategies with a certain set (composition) of assets included in the trustor’s investment portfolio and their shares in the portfolio.

Currently, there is no specialized TM software (mobile application).

First, it is necessary to provide the trustee with an application for replenishment of the trust account. Next, you need to contact personally any Banking Service Center of JSC Belagroprombank to transfer funds to the trustor’s current (settlement) bank account. After that to sign a payment order for the transfer of funds from the current (settlement) bank account to the account of the trustee specified in the agreement.

After concluding the agreement, the trustee, within 1-3 days, opens the necessary accounts for the client with foreign brokers and depositaries and contacts the client for further actions.

Shares, depository receipts, bonds, Eurobonds, investment units of mutual funds, ETFs, derivative securities, etc., traded on domestic and foreign markets. Funds transferred to the TM can also be placed as a deposit on the domestic market of the Republic of Belarus.

NYSE, NASDAQ, AMEX, XETRA, Euronext, LSE, Moscow Exchange PJSC, SPB Exchange PJSC, BVSE JSC, etc.

from 02/24/2022 - temporarily only Moscow Exchange PJSC, SPB Exchange PJSC and BVSE JSC (i.e. markets of the Russian Federation and Belarus).

The order may be submitted:

• by providing the trustee with the original signed Order (at the address: Minsk, Olshevsky St., 24, room 604, or at any banking service center of the bank);
• by sending a scanned copy or photocopy by email (with or without the use of cryptographic information protection tools);
• by postal service.

In one order you can specify no more than 5 positions for making transactions.

From 5 to 20 minutes from the moment it is received by the trustee (if there are funds in the account with a foreign (Russian) broker and if there is a counter order on the exchange).

The commission is charged for the executed (partially executed) order of the trustor. It means that if at least one transaction is concluded by order, a commission is charged for the order (one-time).

In accordance with Article 901 of the Civil Code, property transferred to the TM is separated from other property of the trustor, as well as from the property of the trustee.

In addition, Article 229 of the Banking Code determines that the transfer by the trustor of funds to a trust account does not entail the termination of the trustor's ownership of these funds. The right of ownership extends to both cash and securities received (acquired) under TM.

Accounts for securities purchased under the TM are opened in the name of the trustee. Accounting of assets under the TM is carried out by the trustee in the context of the trustors.

The trustee's remuneration and reimbursable expenses incurred by the trustee are withheld from the trustor's income, and in the absence of income, they are indicated in the quarterly report and are subject to payment by the trustor independently no later than the last working day of the month following the reporting quarter. Payment can be made:

1. in the RBSS devices of JSC Belagroprombank - Internet banking/mobile application (if you have a bank card of JSC Belagroprombank), as well as an ATM/ info kiosk (from a card of any bank). To do this, please follow the path «Pay for services» - «Bank services» - «Operations on the securities market» - «Bank commissions» - «For trust management»;
2. through an optional payment in the Internet banking of another bank;
3. at the Banking Service Center (at the cash desk) of JSC Belagroprombank.

During the TM process, the trustor is provided with the Trustee's Reports in the form in accordance with Appendix 8 to the General Conditions of the General Trust Management Agreement. Trustee reports are provided quarterly, upon termination of the agreement and at the request of the trustor.

For the trustor who has chosen the form of a full TM, an additional report is provided on each action taken with the trustor’s assets.

The trustee’s report can be provided in the following ways:

• by direct delivery or receipt of the original in person by the trustor or an authorized representative of the trustor (at the address: Minsk, Olshevsky St., 24, or at the banking service center of the bank);
• by post (registered letter with delivery notification). In this case, the trustor will receive a notification (in the mailbox) about the need to pick up the letter at the post office.

It is advisable to inform the trustee at the conclusion of the agreement about the preferred method of receiving the report.

It is necessary to provide the trustee with an Application for withdrawal of Assets.

Partial withdrawal of assets:

• available if the value of the assets after withdrawal will not be less than the threshold amount for entering the TM;
• in case of withdrawal of more than 30% of the value of assets, a commission of 1% of the withdrawal amount is charged;
• in case of withdrawal of income, income tax is withheld;
• withdrawal is carried out to the current (settlement) bank account of the trustor within 10 working days following the day the trustee receives the Application of the trustor.

Full withdrawal of assets (all funds):

• is considered termination of the agreement;
• no commission (1% of the value of withdrawn assets) is charged;
• when withdrawing assets, all commissions for TM and income tax are withheld;
• withdrawal is carried out to the current (settlement) bank account of the trustor within 3 business days following the date of termination of the agreement (the date of termination of the agreement is the 30th calendar day following the day the trustee received the Application of the trustor).

Information about the risks associated with transferring funds to a TM is contained in the Declaration of Risks (Appendix 12 to the General Conditions of the General Trust Management Agreement).

In accordance with clause 3.3.12 of the General Terms and Conditions of the Trust Management General Agreement, the trustee does not have the right to give any guarantees or promises about the future efficiency and profitability of TM, including those based on information about the results of its activities in the past.

The Law of the Republic of Belarus «On guaranteed compensation of bank deposits of individuals» dated 07/08/2008 No. 369-Z does not apply to funds transferred to the TM.