Inwestor online - help

The Accounts frame presents the following information:

• Number and name of the account,
• Value of financial funds,
• Pricing of financial instruments,
• Total value of financial funds and financial instruments,
• Links to the following actions:
  • Details,
  • History,
  • More, where you can find links to: Instrument History, Cash Transfer, CRR History, Currency Exchange and a pop-up window with the value of own funds on the account.

Account name specifies the type of services available on a given account. The names of accounts specify:

• Spot Mkt. Acct. - basic type of an account allowing placing orders at the Polish spot markets (stocks, right-to-stocks, subscription rights, bonds, investment certificates as well as warrants and index participation units),
• Spot / Derivatives Mkt. Acct. - type of an account allowing in addition of orders available on the Spot Mkt. Acct. placing orders on the Polish futures markets (futures, options),
• Spot Mkt. FCY Acct. - type of account allowing in addition of orders available on the Spot Mkt. Acct. placing orders on the spot foreign markets,
• Spot / Derivatives Mkt. FCY Acct. - type of an account allowing placing orders available both on Spot / Derivatives Mkt. Acct. and Spot Mkt. FCY Acct.,
• Day Trading - type of an account allowing placing exclusively day trading orders on the Polish spot markets i.e. an order to open the position with the use of receivables limit and an order to close the open position on the same session,
• IKE Acct. (Polish: Indywidualne Konto Emerytalne) - type of IRA account on which the income from the completed orders are exempt from capital gain tax,
• Short Sale Acct. - type of an account allowing placing exclusively order to sell short and sold short instruments repurchase orders,
• Credit AUX Acct. - type of an account on which funds are recorded based on a loan for the purchase of financial instruments offered on the primary or initial public offering.

Links in the Actions column are only available for the active account. Row with the active account is presented in bold. The number of the active account is presented on the account selector bar just below the main menu, together with the ownership of the logged in user: (H) - the holder of the account, (P) - proxy and the name of the account. To change the active account, click on required account in the account selector.

The Accounts frame displays the numbers and names of the accounts in the context of the logged-in user ownership of these accounts:

• If My Assets is active in the side menu than only these accounts for which a logged-in user is a holder are presented,
• If Other Assets is active in the side menu than only these accounts for which a logged-in user is a proxy are presented.

If no account in the Accounts frame is active (no account has active links in Actions column) than one of two situations takes place:

• Active account - an account for which the logged-in user is a proxy (the letter "P" next to the account number in account selector) and My Assets is active in the side menu. To get access to links on the active account select Other Assets in the side menu,
• Active account - an account for which the logged-in user is a holder (the letter "H" next to the account number in account selector) and Other Assets is active in the side menu. To get access to links on the active account select My Assets in the side menu.

The Investment Funds frame presents the following information:

• The total pricing of all funds converted into PLN at the exchange rate of Santander Bank Polska S.A.,
• Actions:
  • Registries List - presents a list of all registries of participation units in investment funds,
  • Operations History - presents information on the history of operations in all registries, the logged-in user is the owner or co-owner.

Trading - Stock Market - New Order page makes available to place an order:

• on the Warsaw Stock Exchange(WSE),
• in the Alternative Trading System called NewConnect organized by the Warsaw Stock Exchange,
• on foreign exchanges.

Setting the parameters of an order takes place in the New Order - Enter Parameters frame, in one out of two modes:

• Basic - allowing the submission of orders for the current session with the limit price or the condition of PKC [Market Order], with no additional conditions,
• Advanced - allowing the submission of orders with any combination of conditions accepted by the system of market where the order is placed.

Basic Mode

The order entry screen is divided into two frames:

• New Order (order entry stage),
• Intraday Chart of instrument which is subject of the order.

New Order - Enter Parameters frame of basic mode contains the following fields:

• Symbol: PL / Others - allows to select the name of a financial instrument, which is the subject of the order. Search for the name of the instrument uses Live search mechanism:
  • Entering the first letter or digit expands list of all instruments that start with the entered character,
  • Entering the second and subsequent letters or digits will narrow list to instruments containing the entered string,
  If you define the instruments in Settings - Data Display - My Instruments they will be presented at the top of list, and below the other instruments.
  Change between instruments listed on the Polish and foreign markets takes place by clicking on the relevant part of the field name (label). The selected mode is marked with a black font color and the other mode with a green font color.
  If the entered string is not included in the name of any instrument than after selecting a different element on the page the Symbol: PL / Others field is marked with a red background color. This means that the order can not be accepted,
• Action - select from the drop-down list Buy or Sell or select the first letter on the keyboard B or S,
• Qty / Value - enter the amount of financial instruments that are the subject of an order (the default) or in case of the spot market alternatively enter value of financial instruments that are the subject of the order. In case of the futures market or order to sell short only entering number of financial instruments is possible. Change between the number of instruments and their value is done by clicking on the relevant part of the field name (label). The selected mode is marked with a black font color and the other mode with a green font color,
• Price Type - specify a limit price at which the customer wants to buy or sell a financial instrument or to determine the condition of PKC [Market Order]:
  • In the first case it is the price above which the buyer does not agree to buy or below which the seller does not want to sell financial instruments. Decimal separator can be a comma or a point. For the bond limit enter a percentage of the nominal value, such as 100,1 (or 100.1),
  • In the latter case, please enter the string PKC with small or capital letters,
• More parameters - link to enter the order in advanced mode. The parameters of the order entered in a basic mode are retained,
• Conversion to PLN - field available in case of sell order on the foreign market. When selected, funds resulting from sale of instruments quoted in foreign currencies will be automatically converted to PLN.
• Quick Orders - if this box is checked it determines quick mode of placing orders without displaying the New Order - Verification page that contains all the parameters of the submitted order,

Fields which are invisible in basic mode take the following values:

• Order Type - Standard,
• Pre-payment (order to buy on the spot market) - see rules for the implementation of pre-payment as described below on this page,
• Portfolio (order on the derivatives market) - 00,
• Stop Price - not applicable, in order to place stop order select an order in advanced mode,
• Start Date - the date of the current or next session,
• Time in Force - Day Order,
• Disclosed Qty - not applicable, in order to place order with disclosed quantity parameter select an order in advanced mode,
• Minimum Quantity - not applicable, in order to place order with minimum quantity parameter select an order in advanced mode.

Footer of the frame contains the following buttons:

• Balance - displays above fields for entering order parameter the following data(button becomes available when you select a financial instrument):
  • For order on the spot market (WSE):
    • Instrument Balance - balance of account positions,
    • Cash Balance (Spot Market) - amount of financial funds available for purchase orders cleared on the third working day (T+3),
    • Receivable Limit to Use - presents the amount of financial resources that can be used to cover a purchase order on the spot market,
    • Max Order Value - shows the maximum value of the purchase order on the spot market,
    • Minimum Pre-Payment - presents, specified as a percentage, the minimum down payment (taking into account the down payment specified in the contract for the customer or the down payment for the selected financial instrument) to allow maximum use of the available financial resources and receivable limit,
  • For order on the spot market (foreign markets):
    • Instrument Balance - balance of account positions,,
    • Cash Balance (FCY Acc.) - amount of financial funds available for purchase orders on the spot market in instrument currency,
    • Cash Balance (PLN Acc.) - amount of financial funds available for purchase orders on the spot market on PLN account converted to instrument currency,
    • Receivable Limit to Use - presents the amount of financial resources that can be used to cover a purchase order on the spot market,
    • Max Order Value - shows the maximum value of the purchase order on the spot market,
    • Minimum Pre-Payment - presents, specified as a percentage, the minimum down payment (taking into account the down payment specified in the contract for the customer or the down payment for the selected financial instrument) to allow maximum use of the available financial resources and receivable limit,
  • For order on the derivatives market:
    • Instrument Balance. - balance of account positions,
    • Cash Balance (Derivatives Market) - size of financial funds available for orders on the derivatives market,
    • Instr. to Use as Margin - value of the blocked instruments which can be used as a margin securing open positions on the futures market,
  • For order to sell short:
    • Cash Balance (Short) - amount of available funds for orders to sell short,
    • Max shares for sell trade (Short) - maximum number of instruments that could be the subject of an order, resulting from the available funds in a short sale account and the size of deposit required,
    • Max shares for buy trade (Short) - maximum number of instruments that could be the subject of an order, resulting from the number of instruments in the balance of the operating record (sold short).
• Order Preview - displays the following data of the order (button is available after entering the values in the Qty and Limit Price):
  • For order on the spot market (WSE):
    • Order Value - product of the number of financial instruments and limit price,
    • Commission - product of order value and commission rate,
    • Value with Commission - sum (purchase order) or differential (order to sell) of the two above fields,
    • Blocked - amount of financial funds on the account which will be blocked in order to buy,
    • Receivables Limit - value of receivables limit to be decreased in relation to the submission of a purchase order on the spot market,
  • For order on the spot market (foreign markets):
    • Order Value - product of the number of financial instruments and limit price,
    • Commission - product of order value and commission rate,
    • Value with Commission - sum (purchase order) or differential (order to sell) of the two above fields,
    • Blocked on FCY Acc. - amount of funds blocked on foreign currency account including funds blocked on PLN account in absence of sufficient funds on the foreign currency account.
    • Incl. Blocked on PLN Acc. - amount of funds blocked on PLN account converted to instrument currency.
    • Exchange Rate - currency exchange rate and amount of funds blocked on PLN account in account account currency.
    • Receivables Limit - value of receivables limit to be decreased in relation to the submission of a purchase order on the spot market,
  • For order on the derivatives market:
    • Margin Value - the amount of cash that will be used as margin as a result of placing the order,
    • Commission - product of the number of financial instruments and commission rate,
    • Margin with Commission - sum of the two above fields.
  • For short sell order:
    • Order Value - product of the number of financial instruments and limit price,
    • Commission - product of order value and commission rate,
    • Value with Commission - sum (purchase order) or differential (sell order) of the two above fields,
    • Deposit Required - amount of cash that will be used as margin in a result of submission of sell order, the '0' in the case of purchase order.
• Profitability - displays a pop-up window with information about the profitability of a trade if made on the basis of the entered parameters (button becomes available after entering values in the Qty / Value and Limit Price for order to sell on the spot market),
• Name and function of the button on the far right hand side depends on the Quick Order settings (button becomes available after selecting the instrument and entering the values in the Action, Qty / Value, Price Type and Limit Price):
  • Unchecked box - button displays Next name and it brings up New Order - Verification page that contains all the parameters of the order submitted,
  • Checked box - button displays Accept name and saves the order in the computer system of Santander Biuro Maklerskie and depending on the phase of the session it can send the order to the trading system of WSE.

New Order - Verification frame in basic mode presents the parameters of entered order and the following default values:

• Order Type - Standard,
• Pre-payment (order to buy on the spot market) - 100%,
• Portfolio (order on the derivatives market) - 00,
• Stop Price - not applicable, in order to place stop order select an order in advanced mode,
• Start Date - the date of the current or next session,
• Time in Force - Day Order,
• Disclosed Quantity - none,
• Minimum Quantity - none.

In case of order on foreign market additionally presented are the following fields:

• Conversion to PLN (sell order only) - shows if funds resulting from order settlement will be automatically converted to PLN..
• Blocked on FCY Acc. - amount of funds blocked on foreign currency account including funds blocked on PLN account in absence of sufficient funds on the foreign currency account.
• Incl. Blocked on PLN Acc. - amount of funds blocked on PLN account converted to instrument currency.
• Exchange Rate - currency exchange rate and amount of funds blocked on PLN account in account account currency.

Footer of the frame contains the following buttons:

• Back - returns to the previous page,
• Accept - saves the order in the computer system of Santander Biuro Maklerskie and depending on the phase of the session it can send the order to the trading system of WSE..

New Order - Confirmation frame presents the order parameters stored in the computer system of Santander Biuro Maklerskie.

Footer of the frame contains the following buttons:

• New Order - go to New Order - Enter Parameters frame, allowing submission of another order.

Intraday Chart frame is available under the following conditions:

• In the Symbol: PL / Other an instrument listed on the WSE or NewConnect has been chosen ,
• The user has an active order of receipt of quotations in real time. You can check the status of your order in the My Services - Services - Quotes and Technical Analysis - Warsaw Stock Exchange (GPW).

Data available in the frame:

• The frame title bar displays the name and three-letter ticker for shares listed on the WSE and NewConnect,
• On the left side of the workspace:
  • Qty B - number of instruments in the best bid offer,
  • Limit B - limit in the best bid offer, click to complete the Action field with Sell value and price limit,
  • Limit S - limit in the best ask offer, click to complete the Action field with Buy value and price limit,
  • Qty B - number of instruments in the best ask offer,
  • Ref. Price - closing price of the previous session,
  • Open - opening price of the current session,
  • Min./Max - lowest and highest price during the session,
  • Volume - trading volume,
  • Value - trading value,
  • LOP - number of open positions (for derivatives).
• On the right side of the workspace:
  • Intraday line chart

Data on the left side and chart are presented only for the current day from the moment the communication with the WSE system opens until the change of date. In the days without session data and chart are not presented as well as chart is not presented in the absence of the transaction.

Advanced Mode

New Order - Enter Parameters in advanced mode contains fields available in basic mode and the following additional fields:

• Order Type - allows to select other than the default standard type of order. Available types depend on the type of account on which the order is placed, for example, short sell order is only available on a short sale account. Order types are described below on this page,


• Pre-payment (%) - is used to enter a specific percentage of the ratio of the funds blocked for the order to the value of the order. Field visible as long as the cash market instrument is selected and the Buy action. Rules for entering pre-payment are described below on this page,


• Portfolio - in case of customers having more than one portfolio on an account it is possible to determine portfolio when placing the order. By default portfolio portfolio '00' is suggested. Field visible if futures market instrument is selected,


• Price Type - allows to select other than the default Limit price type. Types of prices are described below on this page,


• Limit Price or Fixed Limit Price for PEG order - as opposed to the order in basic mode is used only to enter a value for the order in which you specify a limit price (Limit, Stop Limit). Field not visible if selected one of the following types of prices:
  • PKC [MO] (Market Order),
  • PCR [MTL] (Market-to-Limit),
  • Stop Loss Order.


• Stop Price - used to enter activation limit value if the selected limit price is Stop Limit or Stop Loss. Field not visible if a different limit price selected,


• Start Date - is used to determine the first session of the order (valid date format: dd-mm-yyyy),


• Time in Force - allows to determine validity of the order. Validity of order types are described below on this page,


• End Date - determines date by which the order will be valid (correct date format: dd-mm-yyyy). Field visible if Good-till-Date Order is selected,


• Disclosed Quantity - order including a condition of disclosed value may be passed to the stock exchange during any session stages in the system of continuous quotation and in the single-price system, excluding the intervention phase. A disclosed value order is executed gradually. The placer of the order determines the value of parts in which the order is to be executed, and therefore the number of instruments to be disclosed on a one-off basis (which must be equal to at least 10 units and value of an order must be at least PLN 50 0000 in case of equities quoted in PLN, PLN 2 000 in case of bonds quoted in PLN or EUR 10 000 in case of any financial instrument quoted in EUR),


• Minimum Quantity - order with minimum execution volume it is necessary to determine a minimum number of securities for which the Investor agrees for the instruction to be executed. An order of this type may be passed to the stock exchange only in the post-auction trading phase and during the continuous quotation trading, but excluding market balancing periods. If orders entered on the other side of the order book are such that it is not possible to perform the order at least in the volume specified by the investor, the order will be rejected. After the order has been partially executed (taking the minimum condition under consideration), the remaining part shall be kept in the order book as an order without a minimum performance limit,


• Fewer Parameters - link to enter the order in basic mode. The parameters of the order entered in advanced mode is retained, with the exception of parameters, which in basic mode take the default values, such as Order Type - Standard.

New Order - Verification and New Order - Confirmation frames present information in a way similar to the one presented in basic mode.

Order Types

• Standard - normal type of order available for every type of account with the exception of the short sale account,


• One Cancels Other (OCO) - special order, designed to comfortably close open positions in derivatives. Is a combination of two orders, limit order (labeled Take) and protective order called Cut. Take sub-order is to realize a profit. Cut sub-order is a Stop Limit or Stop Loss order. It is used to protect against unwanted by the investor, but a possible loss in market realities.
  To place OCO order in the Order Type drop-down list choose OCO. Application form requires a single entering of order parameters. When placing OCO order enter the name of a financial instrument that is to be the subject of sub-orders. Determine the type of operation. Enter number of instruments to buy or sell.
  When accepting OCO order accuracy of the details of the order is checked. In particular it is verified if Limit Price in Take order and Stop Price in Cut order differ enough to create a price range. In this price range, as a function of OCO order, current market price should fall at the time of placing OCO order.
  Limit Price in OCO order to buy should be lower than the last trade price (for OCO order to sell it should be higher than the last trade price). In Limit Price field for Take sub-order enter the limit price for the Take. In case of order for index futures contract limit price should be entered in points.
  Next select type of protective Cut sub-order. Stop Price in Cut sub-order should be higher than the market price (in sell Cut sub-order be lower than the market price). This allows the market price fall between Price Limit of Take sub-order and Stop Price of Cut sub-order. The difference between these two limits shall be not less than 10 points. Price Limit in protective order type (Cut sub-order) should be entered if it is the Stop Limit Order. When Cut sub-order is the Stop Loss Order, Price Limit of Cut sub-order is set to PKC [Market Order]. Before accepting order, you can change portfolio, date of the first trading session as well as expiration date.
  In case of inappropriate orders parameters an adequate message is displayed. Redefine the parameters of order after clicking Back button. Double-click on the Accept button to place the order (once when Qucik Orders is turned on).
  It is possible to execute Take, Cut or partially both of sub-orders but the total volume does not exceed the specified volume of instruments in the OCO order. When Take sub-order is partially executed than Cut sub-order is appropriatelly modified in number of instruments. If Cut sub-order is activated than Take sub-order is automatically canceled.


• Trailing Stop is a special trailing order (Step Stop Limit / Loss). Trailing Stop to buy or sell financial instruments order consists of one order Stop Limit or Stop Loss. Stop Price in sub-order varies with the market for the benefit of customer. Trailing Stop order assumes an acceptable level of acceptable loss referred to as Trailing. In case of Stop Limit sub-order another parameter called Distance should also be set. This parameter defines the difference between Limit Price and Stop Price of sub-order.
  To place Trailing Stop order enter number of instruments to be traded on the basis of Trailing Stop order. Determine type of trailing order: Stop Limit or Stop Loss. Enter Trailing that is added to market price at the time of acceptance of order to determine Stop Price. For sell order Stop Price is the difference between the current market price of the instrument and the Trailing parameter. Distance parameter is required for the Stop Limit Order only. It allows to specify Limit Price by adding or subtracting from Stop Price depending on the type of the order. Before accepting order, you can change portfolio, date of the first trading session as well as expiration date.
  When accepting Trailing Stop order accuracy of the details of the order is checked. In particular the Trailing parameter should be no less than specified in Santander Biuro Maklerskie minimum distance for a given financial instrument. After acceptance of order the stop order is sent to the stock exchange.
  In case of favorable market price movements stop order (sub-order sent to the market based on Trailing Stop order) is modified automatically, until current trades activate the order. Activation of stop order triggers normal limit order waiting to be executed. In the case of Stop Loss triggered order is PKC [Market Order].


• One Trigers Other order is similar in its purpose to OCO order but also has the function to open position in first place. OTO order consists of Speed sub-order, which has the task to open a position in derivatives. After the execution of Speed sub-order, Cut and Take closing sub-orders are sent. These sub-orders, similar to the OCO order, are designed to limit loss and realize profit.
  
  To place OTO order in the Order Type drop-down list choose OTO. Enter parameters of the order and price limits. If Time in Force was chosen as FAK, FOK then Take i Cut sub-orders are Day Orders. When accepting OTO order accuracy of details of the order is checked. In case of inappropriate parameters of order accurate messages are displayed.
  Limit Price and Stop Price should be away enough to define the price range in which the following data will be included:
  • Market price, if Speed is PKC [MO] or PCR [MTL],
  • Stop Price of Speed order, if Speed order is stop order,
  • Limit Price of Speed order, if Speed order is limit order.
  
  Difference between Limit Price in Take sub-order and Stop Price in Cut sub-order should be at least as determined by Santander Biuro Maklerskie for a particular financial instrument (e.g. 5 points).
  
  After placing the advanced order, we can observe a status of this order on the Trading - Exchange - Current Orders & Trades page. In the case of the total execution of Speed sub-order closure orders for the same number of instruments each are issued. After the full execution of SToC order the balance on the securities account remains unchanged compared to the initial situation. The open position has been closed. To cancel SToC order click Cancel link in the row of the order on the Trading - Exchange - Current Orders & Trades page. If you are interested in the history of the previous sessions, then archived advanced orders are available for viewing on the Trading - Exchange - Archive Orders & Trades page. The page presents the standard orders first and then archival advanced orders.
  
  Trades on the basis of sub-orders that make up the OCO, TP and OTO advanced orders are presented on the Trading - Exchange - Current orders & Trades page. Trades based on standard orders are presented there as well. Trades on the basis of sub-orders of the previous sessions are to be found on the Trades - Exchange - Archive Orders & Trades page.


• Short Sale - allows to make a profit on declines in instrument prices. This allows to sell selected instruments without having to have them on account at the time of placing order. Short sale can be performed on selected instruments. A list of instruments available for short sale is published by Santander Biuro Maklerskie on the base of WSE list. Santander Biuro Maklerskie executes short sale orders on a day trading principles.
  In order to short sale instruments the customer has to expand their contract on Short Sale Acct.
  The difference between standard order to sell and short sale order is that in the first case at the time of placing order to sell the seller must be a holder of instruments (or have the right to receive them) and in the latter case the seller does not have to have instruments on their account.
  By entering into a short sale trade investor opens the so-called short position. To close a short position investor must deliver instruments sold earlier. If the price at which investor buys instruments will be lower than the cost of their purchase then investor makes profit. Otherwise they incur a loss.
  The customer is obliged to buy back previously sold instruments or deliver them on Short Sale Acct. in other ways until 4:30 p.m. on the date of the short sell trade. In the absence of repurchase execution or lack of orders placed by the customer Santander Biuro Maklerskie after 4.30 p.m. enters repurchase order on the customer's account or modifies an existing order to repurchase sold ealier instruments..
  The customer can place short sell orders only for ongoing session or when the customer places an order out of session hours for the next session. Short sell orders can be placed at the ongoing session up to 4.30 p.m.
  In order to place short sell order the customer has to have the Short Sale Acct. and margin in the amount specified by Santander Biuro Maklerskie.
  Information about the risks connected with short sale is available on the www.bm.santander.pl, in the Disclaimer and Risk - Introduction section (Polish version).

Price Types

• Limit [LMT]- the customer determines the price at which they want to buy or sell an instrument. In case of purchase this price is equal to the maximum price at which the customer agrees to execute the order, and in case of sale orders, the minimum price at which the customer is willing to sell instruments. For bonds the limit should be entered as a percentage of the nominal value of bonds. In case of futures contracts the limit should be entered in index points.


• PKC [MO] (Market Order) - order with no price limit, can be submitted to the exchange in continuous trading system in the opening call, in the closing call, and in the continuous trading phase and in the single-price auction system in the opening call. PKC [MO] orders are executed at the best possible prices of opposite orders awaiting execution in the order book. An unexecuted part of an PKC [MO] order remains in the order book. When a PKC [MO] order is accepted, if the only order opposite to the PKC [MO] order in the order book is a PKC [MO] order, the PKC [MO] order is executed at a price equal to the price of the last trade made on that day and if there is no trade – at the reference price for dynamic collars.


• PCR [MTL] (Market-to-Limit) - order with no price limit, can be submitted to the exchange in continuous trading system in the opening call, in the continuous trading phase, and in the closing call and in the single-price auction system – in the opening call. In the continuous trading phase, a PCR [MTL] orders are executed at the best possible price of an opposite order awaiting execution in the order book. If a PCR [MTL] order is executed in part, the unexecuted part of the order is converted into a limit order at a price equal to the price of the last trade. When a PCR [MTL] order is accepted, if the only order opposite to the PCR [MTL] order in the order book is a PKC [MO] order, the PCR [MTL] order is executed at a price equal to the price of the last trade made on that day and if there is no trade – at the reference price for dynamic collars.


• Stop Limit Order - order with an activation limit which is disclosed only when the theoretical opening price or last market price in the continuous quotation system reaches a level determined by the customer. It must therefore contain, apart from the limit at which the order becomes active, an execution limit. It can be introduced on the stock exchange in all session phases in the continuous quotation system and in the single-price system, except for the intervention and post-auction phase. The activation limit must be equal to, or in the case of order to buy lower than, or in the event of order to sell higher than, the order limit. When the order is being placed the activation limit must be higher than the last market price, in the case of order to buy, or lower, in the case of order to sell. If no last market price is available, the closing price of the previous session will be used.


• Stop Loss Order - an order with an activation limit and a request to execute the order at any price.


• PEG - order with a limit linked to the reference price (i.e., a limit tracking changes of the reference price). The reference price for a PEG order is the limit of the best order on the same side of the order book as the PEG order (Primary Peg). A PEG order limit is updated on a continuous basis.




 
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Time in Force Types

• Day Order - order valid for the current session only.


• Good-till-Date (GTD) - order valid up to date entered in the text field (date format dd-mm-yyyy).


• Good-till-Time (GTT) - order valid up to time entered in the text field (time format hh:mm:ss). The expiry time applies to the current trading day.


• Valid-for-Auction (VFA) - order accepted in the system during each phase of the trading session but participating only in the next scheduled auction (opening, closing, or resumed trading in suspended instrument). The unexecuted part of the order is cancelled immediately after the auction is completed. All orders with VFA validity are automatically cancelled after trading session closes.


• Valid-for-Closing (VFC) - order accepted during each phase of the trading session but only participating in the closing auction. The unexecuted part of the order is cancelled immediately after the closing auction is completed. All orders with VFC validity are automatically cancelled after trading session closes.


• Fill-and-Kill (FAK) - order valid until the first trade (or transactions, if the order is executed in a number of simultaneous transactions) is made. The order is executed immediately after it has been introduced, and may be executed partially. In the latter case the non-executed part will expire. The order may be placed on the stock exchange during any phase in the continuous quotation system and in the single-price system, with the exception of the intervention phase.


• Fill-or-Kill (FOK) - order valid until the first trade (or transactions, if the order is executed in a number of simultaneous transactions) is made. The order is executed in total immediately after it has been introduced and cannot be executed in part. If orders entered on the other side of the order book are such that it is not possible to execute the total of the order, it expires.


• Good-till-Canceled (GTC) - order valid for an indefinite period of time.

Rules for entering amount of pre-payment

• Simple Mode Order:
  • Spot Market - for the customer using the receivable limit order is accepted with a minimum value of two - user limit and the limit of the instrument, e.g. if the limit for the customer is 30%, and 50% for the instrument, the order is accepted with the amount of pre-payment of 50%,
  • Day trading Acct. - order is accepted with the amount of pre-payment of 15%,
  • Derivatives Market - instead of pre-payment margin acct. is credited. The pre-payment field is not visible.


• Advanced Mode Order:
  • Spot Market - placing an order in Trading - Stock Market - New order, the system always suggests the amount of pre-payment of 100%. Customers using receivable limit can adjust the size of the pre-payment on the condition that it will not be less than the amount specified in the contract with the customer or the minimum pre-payment amount set for each instrument,
  • Day trading Acct. - order is accepted with the amount of pre-payment of 15%,
  • Derivatives Market - instead of pre-payment margin acct. is credited. The pre-payment field is not visible.

Attention! Customers who decide to invest on the NewConnect market should be aware that higher potential for growth of companies quoted on this market is connected with higher investment risk. It results from quoting on the market companies of short history and running on very volatile and competitive segment of economy like new technology and of low market capitalization.

The Current Orders & Trades page presents information on the following data:

• Current orders,
• Current trades,
• Summary of current turnover on active account,
• Cancellation of the order,
• Modifying the order.

Search of current orders and trades can be limited to a single financial instrument by entering its name in the instrument field and clicking the Search button.

Current Orders Overview

Current Orders Overview frame allows to view information about orders:

• Placed during the current trading session, as well as modify and cancel orders that have not been fully completed,
• canceled by the customer,
• And whose validity has not expired, regardless of whether they were placed through the Inwestor online platform, Inwestor mobile app, by phone, or at the Customer Service Point of Santander Biuro Maklerskie

Background color of row, which presents the order depends on the status of the order:

• Orders active - white,
• Orders inactive, executed in part or in whole - light gray
• Orders inactive, which execution is zero - dark gray.

The data is presented in a table with the following columns:

• Order No. - order number assigned by the system of Santander Biuro Maklerskie,


• B/S - B - purchase, S - sale,


• Symbol - name of a financial instrument, for shares listed on the Stock Exchange three-letter abbreviations are used. In the event that the customer has more than one portfolio after the name of a financial instrument the portfolio code is presented but only when it is different from '00',


• Cl. House - two-letter country code of clearing house,


• Qty - number of financial instruments in order,


• Limit Price - limit price of order, in case of PKC [Market Order] order to buy, Stop Loss, PCR [MTL] the maximum price allowed by the Rules set out by the Warsaw Stock Exchange is displayed which depends on change of market rate up to a day limited by time in force,


• Start Date - date of the first session at which order is valid,


• Time in Force - date of the last session at which the order is valid, the field may contain the following conditions: Immediate-or-Cancel, Fill-or-Kill, Good-till-Canceled,


• Status:
  • A - active order, order accepted by Santander Biuro Maklerskie and verified in terms of having sufficient coverage in funds or instruments, accepting the order results in the funds or instruments necessary to execute the order being blocked,
  • B - current order, order which has not been accepted by Santander Biuro Maklerskie and verified in terms of having sufficient coverage in funds or instruments. No funds or instruments have been blocked by this order (this status only appears outside of the stock exchange on-line system working hours - between 5:05 p.m. and 8:30 a.m. on the day after the current session),
  • D - order under cancellation (this status only appears outside of the stock exchange on-line system working hours - between 5:05 p.m. and 8:30 a.m. on the day after the current session),
  • M - order under modification (this status only appears outside of the stock exchange on-line system working hours - between 5:05 p.m. and 8:30 a.m. on the day after the current session),
  • R - archive order, that means cancelled, executed, rejected by stock exchange or no more valid,


• Additional Terms:
  • In case of cancellation of the order by the user description depends on whether the order was sent to the Exchange system:
    • If the canceled order had been previously submitted to the Exchange system, that is, at the time of cancellation was labeled 'A' in the Status column, then after cancellation, the Additional Terms column for standard orders displays information on canceled order with number of financial instruments canceled in bracket, e.g. Canceled(1), and for advanced orders - order type, i.e. ToC, SToC SSL without number of financial instruments canceled, e.g. ToC / Canceled,
    • If the order was canceled before sending to the Exchange system, that is, at the time of cancellation was labeled 'B' in the Status column, then after cancellation, the Additional conditions column for standard orders displays price type, e.g. Limit [LMT], PKC [MO], PCR [MTL], etc., and for advanced orders - order type, i.e. ToC, SSL or SToC,
  • In the case of open or completed order for standard orders price type is presented, e.g. Limit [LMT], PKC [MO], PCR [MTL], etc., and for advanced orders - order type, i.e. ToC, SSL or SToC,


• Filled Qty - number of financial instruments executed,


• Actions:
  • Cancel - link to cancel an order, available if the requested order can be canceled. Canceling the order is described below on this page,
  • Modify - link to modify an orders, available if the requested order can be modified. Modifying the order is described below on this page,
  • Details - link to bring up a pop-up window with a preview of the order and trades parameters carried out on the basis of this order, and preview of the profitability of orders,
  • History - link to bring up a pop-up window with the history of order.

Footer of the frame contains the following buttons:

• Button to refresh records in the frame,
• Navigation buttons if number of records in the frame must be divided into sub-pages,
• Drop-down list allows to specify the maximum number of records in the frame,
• Quick Orders indicator:
  • Checked - Quick Orders on,
  • Cross Quick Orders off.

Current Trades Overview

Current Trades Overview frame allows to get information about trades executed on a given day. The read data is displayed in a table where each column contains the following information:

• Order No. - order number assigned by the system of Santander Biuro Maklerskie,
• B/S - B - purchase, S - sale,
• Symbol - name of a financial instrument, for shares listed on the Stock Exchange three-letter abbreviations are used. In the event that the customer has more than one portfolio after the name of a financial instrument the portfolio code is presented but only when it is different from '00',
• Cl. House - two-letter country code of clearing house,
• Filled Qty - number of instruments in trade,
• Unit Price - price at which the trade was completed,
• Trade Value - value of trade without commission,
• Commission - value of commission,
• Value with Commission - value of trade with commission,
• Actions:
  • Details - link to bring up a pop-up window with a preview of the order and trades parameters carried out on the basis of this order, and preview of the profitability of orders.

Footer of the frame contains the following buttons:

• Button to refresh records in the frame,
• Navigation buttons if number of records in the frame must be divided into sub-pages,
• Drop-down list allows to specify the maximum number of records in the frame,
• Quick Orders indicator:
  • Checked - Quick Orders on,
  • Cross Quick Orders off.
• Total Trades - brings up a pop-up window with the following data:
  • Value of trades on the spot market,
  • Commission resulting from trades on the spot market,
  • Number of instruments in trades on the spot market,
  • Number of instruments in trades on the derivatives market (futures contracts),
  • Commission resulting from trades on the derivatives market (futures contracts).

Quick Orders status can be changed in the Settings - Data Display - Default Values.

Order Cancellation

Cancellation of order depends on Quick Order status:

• When value of this parameter is off, click on Cancel link to display Cancel Order - Verification frame with all parameters of order to be canceled,
• When value of this parameter is on, click on Cancel link to send a request of cancellation to trading system of stock exchange.

Cancel Order - Verification frame presents parameters of order to be canceled with the following buttons in the footer:

• Back - allows to return to the previous page,
• Accept - sends a request of cancellation to trading system of stock exchange.

Cancel Order - Confirmation presents parameters of cancelled order stored in the computer system of Santander Biuro Maklerskie.

The following button is available in footer of the frame:

• Back - allows to return to Current Orders & Trades page.

Cancellation instructions placed within the stock exchange system working hours (8.30 a.m. - 5.05 p.m.) are instantly passed to the WSE, and result in the Portfolio - Accounts - Details values being updated. Instructions placed outside these hours are communicated to the stock exchange at 8:30 a.m. on the next session day. Until the cancellation instruction has been communicated to the WSE, the Portfolio - Accounts - Details values remain unchanged. An order for which a cancellation instruction has been given but which has not yet been passed to the WSE is displayed in the table, marked with D(P) status which means "under cancellation".

Order Modification

Modification of order depends on Quick Order status:

• When value of this parameter is off, do not click on Modify link to display Modify Order - Enter Parameters frame to enter all parameters of order to be modified,
• When value of this parameter is on, click on Modify link to send a request of modification of order to trading system of stock exchange.

After having confirmed changed parameters of order in Modify Order - Enter Parameters frame Modify Order - Verification is displayed containing all the parameters of order to be modified with the following buttons in the footer:

• Back - allows to return to the previous page,
• Accept - sends a request of modification to trading system of stock exchange.

Modify Order - Confirmation presents parameters of modified order stored in the computer system of Santander Biuro Maklerskie.

The following button is available in footer of the frame:

• Back - allows to return to Current Orders & Trades page.

The following parameters are subject to modification:

• Number of financial instruments in order,
• Limit Price,
• Stop Price (entering and changing of limit, but you cannot modify order by removing stop price),
• Date of the last session,
• Disclosed quantity,
• Minimum quantity.

The following parameters are not subject to modification:

• Portfolio (for orders on derivatives market),
• Symbol,
• Action (Buy / Sell),
• Pre-payment amount,
• Removal of Stop Price,
• Start Date,
• Orders placed on foreign markets,
• Orders placed on the BondSpot market.

In case of modifications involving:

• Increase of disclosed quantity,
• Increase in the volume of orders without disclosed quantity condition,
• Change of limit price or price type,
• Entering or change of stop price,

Modifications instructions placed within the stock exchange system working hours (8.30 a.m. - 5.05 p.m.) are instantly passed to the WSE, and result in the Portfolio - Accounts - Details values being updated. Instructions placed outside these hours are communicated to the stock exchange at 8:30 a.m. on the next session day. Until the modification instruction has been communicated to the WSE, the Portfolio - Accounts - Details values remain unchanged. An order for which a modification instruction has been given but which has not yet been passed to the WSE is displayed in the table, marked with M(A) status which means "under modification" and cannot be re-modified.

The Archive Orders & Trades page presents information on the following data:

• Archive orders,
• Archive trades,
• Summary of archive turnover on active account.

Archive Orders Overview

Archive Orders Overview frame allows to browse archival information about orders, i.e. orders canceled, completed or expired at least since the beginning of the year previous to the current one.

The data is presented in a table with the following columns:

• Order No. - order number assigned by the system of Santander Biuro Maklerskie,
• B / S - B - purchase, S - sale,
• Symbol - name of a financial instrument, for shares listed on the Stock Exchange three-letter abbreviations are used. In the event that the customer has more than one portfolio after the name of a financial instrument the portfolio code is presented but only when it is different from '00',
• Clearing House - two-letter country code of clearing house,
• Qty - number of financial instruments in order,
• Limit Price - limit price of order, in case of PKC [Market Order] order to buy, Stop Loss, PCR [MTL] the maximum price allowed by the Rules set out by the Warsaw Stock Exchange is displayed which depends on change of market rate up to a day limited by time in force,
• Start Date - date of the first session at which order is valid,
• Time in Force - date of the last session at which the order is valid, the field may contain the following conditions: Immediate-or-Cancel, Fill-or-Kill, Good-till-Canceled,
• Status:
  • R - archival order, i.e. order canceled, completed, or rejected by the WSE or expired,
• Additional Terms:
  • In case of cancellation of the order by the user description depends on whether the order was sent to the Exchange system:
    • If the canceled order had been previously submitted to the Exchange system, that is, at the time of cancellation was labeled 'A' in the Status column of the current orders overview, then after cancellation, the Additional Terms column for standard orders displays information on canceled order with number of financial instruments canceled in bracket, e.g. Canceled(1), and for advanced orders - order type, i.e. ToC, SToC SSL without number of financial instruments canceled, e.g. ToC / Canceled,
    • If the order was canceled before sending to the Exchange system, that is, at the time of cancellation was labeled 'B' in the Status column of current orders overview, then after cancellation, the Additional conditions column for standard orders displays price type, e.g. Limit [LMT], PKC [MO], PCR [MTL], etc., and for advanced orders - order type, i.e. ToC, SSL or SToC,
  • In the case of completed or expired order for standard order price type is presented, e.g. Limit [LMT], PKC [MO], PCR [MTL], etc., and for advanced orders - order type, i.e. ToC, SSL or SToC,
• Filled Qty - number of financial instruments in completed order,
• Actions:
  • Details - link to bring up a pop-up window with a preview of the order and trades parameters carried out on the basis of this order, and preview of the profitability of orders,
  • History - link to bring up a pop-up window with the history of order.

Footer of the frame contains the following buttons:

• Button to refresh records in the frame,
• Navigation buttons if number of records in the frame must be divided into sub-pages,
• Drop-down list allows to specify the maximum number of records in the frame.

Archive Trades Overview

Archive Trades Overview frame allows to get information about trades executed in the past, at least since the beginning of the year previous to the current one, as well as on a current day. The read data is displayed in a table where each column contains the following information:

• Order No. - order number assigned by the system of Santander Biuro Maklerskie,
• B/S - B - purchase, S - sale,
• Symbol - name of a financial instrument, for shares listed on the Stock Exchange three-letter abbreviations are used. In the event that the customer has more than one portfolio after the name of a financial instrument the portfolio code is presented but only when it is different from '00',
• Clearing House - two-letter country code of clearing house,
• Filled Qty - number of instruments in trade,
• Limit Price - limit price of order, in case of PKC [MO] order to buy, Stop Loss, PCR [MTL] the maximum price allowed by the Rules set out by the Warsaw Stock Exchange is displayed which depends on change of market rate up to a day limited by time in force,
• Unit Price - price at which the trade was completed,
• Trade Value - value of trade without commission,
• Commission - value of commission,
• Value with Commission - value of trade with commission,
• Actions:
  • Details - link to bring up a pop-up window with a preview of the order and trades parameters carried out on the basis of this order, and preview of the profitability of orders.

Footer of the frame contains the following buttons:

• Button to refresh records in the frame,
• Navigation buttons if number of records in the frame must be divided into sub-pages,
• Listę rozwijaną, pozwalającą określić maksymalną ilość rekordów w ramce na jedną stronę,
• Drop-down list allows to specify the maximum number of records in the frame,

Summary of trades on active account

Total Trades - brings up a pop-up window with the following data:

• Value of trades on the spot market,
• Commission resulting from trades on the spot market,
• Number of instruments in trades on the spot market,
• Number of instruments in trades on the derivatives market (futures contracts),
• Commission resulting from trades on the derivatives market (futures contracts).

Trading - Stock Market - Basket Orders page allows to pre-define order parameters, which can then be transferred to the system of the WSE individually or in a group of numerous orders. The following operations are possible:

• Adding, modifying and deleting individual orders in basket,
• Modifying number of orders in an external application,
• Entering a single order to IT system of Santander Biuro Maklerskie,
• Entering numerous orders to IT system of Santander Biuro Maklerskie.

Adding, modifying, and deleting individual orders in the basket

Adding orders takes place by clicking on Basket Orders link. Parameters of new orders are entered the same way as when placing order directly on stock market. After accepting order parameters, click Add to Basket to place order in the table. When you add an order on the derivatives market to Orders Basket the code of portfolio is not verified. The verification takes place at the time the order is entered to IT system of Santander Biuro Maklerskie.

For each order in basket the following actions, after clicking on the appropriate link, are possible:

• Place - allows to place order from basket,
• Modify - allows to modify parameters of order in basket, modifying order in the basket is the same as the modification of the order passed to the system Brokerage,
• Delete - removes a single order from basket,
• Date - changes Start Date for current day and End Date for a date retaining the validity period of the order before the change of Start Date.

Modifying numerous orders in the external application

If there are more orders defined in basket, the more convenient way to modify their parameters is to use an external application such as a text editor or spreadsheet. To do this, select the Export button. In the File Download dialog box, click Save, and then select a folder on your hard drive where the file is to be saved. The 'koszyk.exp' default file name can be changed to any other. Export of file ends up by clicking the Close button in the Download complete dialog box and by clicking the Close button in the Export dialog box.

When you open the spreadsheet, it is best to use the Text Import Wizard and select the import of separators, and as a separator to indicate the character "|". This will allow you to load each parameter in a separate field of Worksheet. After making the desired changes in parameters of orders save the file, and then return to Inwestor online platform to import the modified file. Click the Import button to import a file. In the Select file dialog box select the file with modified order and accept bu clicking the Open button. Correctness of operations is presented in the form of import orders screen, which shows order parameters of the import file and below information on number of orders imported or rejected.

Using the external application to change parameters of orders, please note that:

• Import of orders modified in external application does not replace original orders in basket but adds new ones. If the goal of the customer is to have only modified orders in basket, delete original orders from your basket. Orders can be removed individually using the Delete link or jointly - selecting several individual orders or choose Check All link and then delete them in bulk using the Remove Checked link.


• Each file import add all of its order to basket, even if no file has been changed.


• The import file format does not verify the accuracy of the order of fields in each input file change. Entering in Action field any character other than "B" or "S" causes rejection of the request for the import file. Parameters in which the customer enters numbers on the screen, placing an order, such as number of instruments in the order or limit buy / sell is not verified, which means that the order placed with a comma instead of a period at the limit price will be accepted when importing the file, but it is not accepted when it is placed from basket to the IT system of Santander Biuro Maklerskie.

Transferring single order into IT system of Santander Biuro Maklerskie

Transferring numerous orders into IT system of Santander Biuro Maklerskie

Submitting at the same time more than one order requires to select a single order or click Check All link, and then clicking Place Checked. Then the New Order from Basket 1 / x - Verification is displayed, where 'x' denotes number of orders selected in basket. Each of orders should be accepted separately by clicking the Accept button. The Next button allows to go to the next order. The Correct button allows to change value of order parameters, and the Skip button to jump to the next order without approval of the current order transfer to the IT system of Santander Biuro Maklerskie.

Placing an order from basket does not withdraw the order of list of orders in basket. To delete order from basket:

• Click the Delete link,
• Select orders to be deleted and then click the Remove Checked link,

Attention! If Quick Orders function is active clicking the Place or Place Checked links enters orders immediatelly into IT system of Santander Biuro Maklerskie. It should be noted that in this case it is not possible to correct parameters of order. The system displays the parameters of order placed with the Order has been accepted message. The Next button allows to go to the next order.

The New Subscription - List presents a list of instruments currently offered on the primary market and enables subscribing to these instruments. Lack of instruments means that Santander Biuro Maklerskie at the moment does not accept any subscriptions via Internet online website on the primary market.

List of instruments, which are accepted is presented in a table containing the following columns:

• Instr. Code - code assigned for the offer,
• Instrument - name of instrument, which helps to identify the issuer,
• Subscription Period:
  • From - date and time of commencement of the subscription period,
  • End - date and time of completion of the subscription period,
• Submit - link, which opens a page of new subscription on the primary market.

The New Subscription page allows to enter a new subscription order on the primary market. The rules for entries are specified in the prospectus prepared in connection with the public offering. In particular, the prospectus specifies the class of persons entitled to purchase of financial instruments, the minimum and maximum amounts of these instruments possible to subscribe for by one investor, the rules for subscription by proxy, timing and form of making payments.

Santander Biuro Maklerskie, taking into account in particular the provisions of the prospectus, each time before offering will determine the conditions under which subscriptions orders can be submitted via the Internet. It is noted that the possible limitations, in particular, may relate to:

• subscription orders may be submitted only by holders of brokerage accounts,
• subscription orders may be submitted only by customers with a specific legal status, e.g. natural persons only, or residents exclusively, etc.

Subscriptions orders may be submitted only by investors who in the brokerage contract gave power of attorney to Santander Biuro Maklerskie to submit on behalf of the them orders on the primary market. When placing an order investor will be required to provide financial funds to pay for this order.

Data entered in a new subscription order depends on the type of offer and the conditions referred to above. On the New subscription page the following fields have to be filled in:

• Qty - number of instruments in the subscription order; this value must fall in the given bracket,
• Price Limit - if the field is not filled in automatically, specify a limit price at which the subscription is submitted. In the event that it is a specified price range, the price shall be provided within this price bracket (the issuer may reserve any minimum price step, in this case, the limit should be rounded according to the guidelines). For subscription orders in the preemptive rights th Price Limit field is inactive.

Depending on the type of offer the subscription order may include the following additional information:

• Instrument - name of instrument, which helps to identify the issuer,
• Series - a series of instruments that are sold in the initial offer,
• Remarks of Santander Biuro Maklerskie - information provided by Santander Biuro Maklerskie concerning a new subscription order,
• Minimum Qty - minimum number of instruments in the subscription order,
• Maximum Qty - maximum number of instruments in the subscription order,
• Payment Type - information how subscription order will be paid for; subscription orders placed via Inwestor online platform are paid automatically by bank transfer from brokerage account; to pay for subscription order only funds indicated in Buying Power on the Cash Market (stocks, allotment certs., investment certs.) field on the Portfolio - Accounts - Details page can be used,
  ATTENTION!!! For subscription orders in pre-emptive rights cash to pay for a subscription order is not verified or collected at the time the order is placed but only when Santander Biuro Maklerskie shall place an order on behalf on an investor.
• Value - product of the number of instruments and the price limit,
• Acct. No. for Possible Return of Funds - account number on which funds will be refunded for possible reduction or determination of the final price below value at which subscription orders were accepted; in case of subscription orders placed via Investor online refund is always made on the brokerage account on which subscription order was placed,
• Instructions Related to the Deposition - account number on which allocated instruments will be deposited; in case of subscription orders placed via Inwestor online platform instruments are always deposited on the brokerage acct. on which subscription order was placed,

After subscription order has been accepted with the Accept button the New Subscription - Confirmation window is displayed where parameters of subscription order are presented. From here you can:

• in case of error in the data entered click the Correct button,
• accept subscription order with the Accept button what results in displaying the Subscription order successfully accepted message.

If the conditions allow to cancel subscription order, the relevant instruction has to be placed on the My Services - Instructions - Primary Market - Cancel of instruction on the primary market page. The status of instruction is available on the My services - Instructions - Reviews page.

The Subscription History page allows to obtain information on subscription orders and subscription orders in preemptive rights submitted by the customer on the primary market. To do this, select the range of history in one of the following options:

• History for 30 days,
• History in the period of,
• History for month,

The table presents subscription orders submitted by all channels (Customer Service Offices, telephone, online), regardless of the account on which they were submitted. Statement does not include subscription orders placed by proxies. Subscription orders placed by a proxy are available when a proxy logs in.

• ISIN - instrument ISIN code,
• Symbol - instrument symbol,
• Order No. - order number set by Santander Biuro Maklerskie IT system,
• Date - date of placing subscription order,
• Qty - number of instruments in subscription order,
• Status,
• Actions:
  • Details - opens a window with details of subscription order placed, in particular:
    • Value - indicates the total value charged at the time of placing subscription order (or at the time when Santander Biuro Maklerskie shall place an order on behalf on customer in case of pre-emptive rights); this value is calculated as a product of number of instruments and a price limit at which subscription order has been placed plus possible commission of Santander Biuro Maklerskie,
    • Allocation - number and value of allocated instruments, information available after allocation of instruments,
    • Acct. No. for Possible Return of Funds - account number on which funds will be refunded for possible reduction or determination of the final price below value at which subscription orders were accepted; in case of subscription orders placed via Investor online refund is always made on the brokerage account on which subscription order was placed,
    • Instructions Related to the Deposition - account number on which allocated instruments will be deposited; in case of subscription orders placed via Inwestor online platform instruments are always deposited on the brokerage acct. on which subscription order was placed.

The New Loan page allows to obtain information about available offers of loan for the purchase of instruments on the primary market or in an Initial Public Offering, as well as the submission of such application for loan. These data are only available after the selection of so-called auxiliary credit account. Changing the account can be completed on the bar right below the main menu of the site. Application for loan may be applied only by an individual who is the holder of the auxiliary credit account. For a given credit offer only one application can be submitted through the Investor online website. Subsequent requests for the same offer are accepted at the Customer Service Offices of Santander Biuro Maklerskie.

Purchasing instruments on the primary market or in an Initial Public Offering with the use of funds from the loan is conditioned by prior opening of the auxiliary credit account, which is also used to monitor the repayment of the loan. Auxiliary credit account is run under the brokerage contract, on the base of relevant instruction, and it has its own number. This account does not have the full functionality of the basic investment account, so the client can perform operations on it only defined in a credit agreement (including the submission, modification and cancellation of orders to sell for securities purchased with the use of credit). Preview of auxiliary credit account through Inwestor online platform is possible only if it has been defined so for a basic investment account as well.

ATTENTION! Opening of an auxiliary credit account does not allow placing an order to buy securities using funds from the loan for the purchase of securities on the primary market or IPO. Such order shall be filled on behalf of a client by Santander Biuro Maklerskie.

List of loans offered on the primary market or in an Initial Public Offering provides the following information:

• Symbol - name of the instrument, for the purchase of a customer can apply for loan,
• Application Period:
  • From - initial date, within which loan applications are accepted,
  • To - closing date, within which loan applications are accepted,
• Margin Required - presented as a percentage of the amount of loan granted,
• Loan Amount (PLN):
  • Minimum loan amount the customer can claim,
  • Maximum loan amount the customer can claim,
• Actions:
  • Details - opens a window with the most important parameters of loan offered,
  • Submit - opens a window to apply for a new loan.

The Application for a Loan on the Primary Market page allows to claim for a loan on the primary market. In order to submit a loan application the following fields should be completed:

• Requested loan amount - loan amount the customer applies for, requested loan amount must be at least equal the minimum and not greater than the maximum,
• Self-declared Payment - amount of payment declared by customer, the amount that will be provided to secure the loan,
• Proposed Price - field available for bids requiring the customer to provide the price at which they want to buy financial instruments,
• Applicant Marital Status - when referring to marital status as married, specify the spouse's personal details (name, father's name, date and place of birth, identity card, PESEL),
• Indicate whether the client has other investment accounts in brokerage houses - if you select Yes, specify the names and addresses of brokerage houses, in which the customer has investment accounts,
• Monthly Loans Burden - total amount of all customer burdens due to credits / loans per month,
• Last Burden Expiry Date - date of last payment of liabilities incurred by the customer credits / loans
• Statement of the Will - indication of whether the customer agrees to the processing of their personal data after the repayment of the loan drawn for the purchase of instruments on the primary market or the IPO.

After having completed the above fields, click the Accept button. The next screen provides the Accept and Correct buttons. Clicking the first of them will send a credit application to Santander Biuro Maklerskie, which is confirmed by the message A loan application has been accepted. At the same time submitted application is available on the list of loans on the Primary Market - Loans History page. Clicking the second button causes to return to the previous screen, where you can correct your data.

The Details of Offered Loan presents the following parameters:

• Instrument, for the purchase of the loan is offered,
• Minimum amount of loan,
• Maximum amount of loan,
• Amount of declared payment,
• Period of loan,
• Minimum margin required after allocation of instruments.

The Loans History page allows to obtain information on loan applications submitted and loans granted for the purchase of instruments on the primary market. Depending on the status of the loan it includes the following information:

• Symbol - name of the instrument, for the purchase of the customer has applied for credit,
• Amount Requested - amount of credit that the customer applied for,
• Own Payment - amount of own funds paid by the customer,
• Status - current status of the loan, there are three credit status:
  • pre-start - after the customer applied for the loan,
  • running - after signing the loan agreement by the customer,
  • during repayment - after allocation of instruments and before repayment of the loan,
  • repaid - after the loan was repaid.
• Amount Granted - amount of loan granted by the bank after signing the loan agreement,
• To re-pay - amount of loan (capital) outstanding,
• Interest - value of the interest to pay,
• Actions:
  • Details - opens a window Primary Market Loan No: .

The Details of Requested / Granted Loan page contains detailed information about requested or granted loan, in particular:

• Loan No.,
• Symbol,
• Customer's first and last name,
• Minimum margin required after allocation of instruments,
• Loan date,
• Loan repayment date,
• Loan type,
• Amount requested,
• Amount of declared payment,
• Amount of loan granted,
• Proposed price,
• Bank acct. no.,
• Amount of loan (capital) outstanding,
• Value of the interest to pay,
• Applicant marital status,
• Information about accts. held at other brokerage houses and the name and address of other brokerage houses,
• Total amount of all customer burdens due to credits / loans per month,
• Last burden expiry date.

Value of assets blocked for orders on the primary market as well as information about your current loans margin is available on the Portfolio - Accounts - Details page.

Accounts / Extension frame contract contains instructions relating to the extension or narrowing of the brokerage agreement or the opening or closing of a particular type of account.