When purchasing securities, the client has to conclude a Contract for cooperation in securities operations with EURO BROKER JSC Skopje, to verify his identity with an identity card or passport and to give the number of his account opened in one of the Macedonian banks.

The owner of the securities should have a document of securities possession (Central Securities Depositary statement).

The broker should inform the client about the price fluctuations of the securities that are an object of his interest and should explain in few words the forming of securities` prices, as well the trading technique.

The client decides about the main elements in the order:

• The type of securities: which securities the client wants to sell;
• The quantity of securities: the quantity that client wants to sell;
• The price: the minimal price of the securities that the client is ready to accept. The client can also sign a purchase order on market price, which authorizes the broker to realize the order under optimal market terms only on the same day when the order is imported;

• The time: the order can be daily or open, the daily one is valid only on the day of the import, while the open one is valid until cancellation (three months from the day when the order is given;

Besides the abovementioned types of orders, there is also a conditional order “all or nothing”- order that can be realized only if all the quantity determined in the order is sold in one transaction. In addition, this type of order can have a time limit on the order’s validity date.

The selling order is valid if only all of the prescribed elements are included. In case, the client’s information is false or due to another reason the broker can not import the selling order in BEST (stock exchange electronic trading system) the broker is obligated to inform the client and reject the execution of the order.

If the information about the client is correct, the broker imports the order in BEST on the first trading day after the reception of the order.

When the order is realized, the transaction is settled on the third workday (T+3) after the trading day, and the purchaser receives the securities on his account in the Central Securities Depository Inc. Skopje, while the seller of the shares obtains the funds reduced for the fee for brokerage services, stock exchange fees and central securities depositary fees, on his bank account.

The broker is obligated to inform the client about the realized transaction, two days after the settlement day at the latest, emphasizing the price and the quantity of the securities that are sold.