Merit Securities provides a number of its clients with the opportunity to increase the return on the cash balance of their stock market accounts through Repurchase Agreements. Merit cooperates with a number of banks in order to provide its clients with this option including:

Usually, the repurchase agreements involve overnight repos. A client's account balance is invested in these products at the discretion of Merit's management depending on a number of criteria including the length of time the client has worked with Merit; the number, frequency and value of transactions; the value of the clients’ portfolio, and the client's balance in cash. In all cases, should Merit proceed with this sort of investment for its client, the client's account balance must be at least 100,000 euros.
The respective interest rate may depend on the amount invested and can change from day to day and differ from one bank to the next.
The relevant tax on such an investment is prescribed by the Hellenic Ministry of Economy and is collected by the bank offering the repo which acts as custodian for the given repo.

For more information:
Client Administration Department
Tel: +30-214-100-8806

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