Minimum Aspects

Obligations

General Aspects

Other Aspects

Minimum requirements in the Contract

• Contract Object. Constitution by the investor, nomination and acceptance by the Stock Exchange Trading Booth as manager.
• Specification that investment is made on the Stock Exchange Trading Booth name at customer’s risk and on his behalf.
• BCR Valores Stock Exchange obligations in regards to managing portfolio investments. 
• Customer obligations in regards to contract specifications, expenses, commissions, etc.
• Setting forth conditions: discretion capacity, authorization or non authorization to invest selecting certain instruments, issuers, amounts or ranges, etc.
• Collecting commission mechanism for administrative services.
• Operation record
• Liability for managing portfolio
• Term and causes for contract termination
• Information recurrence
• Investment portfolios which Stock Exchange Booth manages shall be daily assessed at market prices.

Stock Exchange Trading Booth Obligations

• Individual professional management of customer portfolio, taking care of customer’s interests. 
• Follow up of customer’s instruction within limits.
• Information of all relevant action related and which may influence customer’s portfolio.
• Immediate transfer of titles under customer’s name upon contract termination.
• All transfer must be done through a Stock Exchange operation
• Monthly submit a statement of portfolio informing portfolio composition by title, issuer, expiration, yield, and portfolio assessment method.
• After each operation, the Trading Booth must deliver a copy of the transaction stub to the customer.
• The Stock Exchange Trading Booth shall daily keep an updated portfolio record.
• The Stock Exchange Trading Booth must register customer securities in order accounts.
• The Stock Exchange Trading Booth shall document essential information of customers.
• Whenever operation deals with acquisition, sale of issued securities, assessed or guaranteed by corporations related to Trading Booth, there should be an expressed authorization from the customer to make such transaction.  Such provision shall also be applied whenever the Trading Booth, acting as underwriter of an issuer, wants to acquire titles issued by an issuer for this type of portfolios.

General Aspects and administrative provisions for Individual Portfolio operation

• Product addressed to sophisticated clients, with aggressive, moderate or conservative profiles.
• Initial minimum amount equal to $5 million or equal amount in colones.
• Contract subscription for Portfolio management and multiple contracts.
• Opening of a stock exchange operation account for portfolio exclusive usage. (Account and sub-account).
• Opening of checking accounts for exclusive usage of managed portfolios.
• Investment portfolio management, advisor services, compliance and follow up to clauses set forth by customer through individual portfolio management contract shall be the Broker’s responsibility.

Other Operative Aspects

• Customer liquid funds shall be managed in the customer checking account or in an investment fund at sigh/on demand on BCR Valores behalf, Customer portfolio sub-account.
• All cash movement shall be shown in the customer checking account.