Technical Data Savings Certificates Series B and A

Serie B

Series B, created by Decree-Law No. 172-B/86 of June 30, were the subscriptions closed by Ordinance 73-B/2008 of January 23.

Characteristics

Interest Payment

Quarterly.

Capitalization of Interest Due

Interest due each quarter is capitalized at its net IRS value.

Interest Rate

The base interest rate is calculated using 0.60*TBA.
The retention premium is added to the base interest rate.

Retention Bonuses

Retention bonuses are set out in paragraph 3 of Ordinance no. 1219/1991 of 26 December.

Currently, all certificates present the maximum bonus, i.e. 2%.

Interest Calculation

Quarterly rate proportional to the annual rate.

Certificate Expiration

No expiration date. They remain valid until redemption is made.

Redemptions

To be carried out by the holder or handler at CTT Stores.

Capital Guarantee

Guarantee of the total invested capital.

Serie A

Product created by Decree-Law 43 454 of 30 December 1960. Its subscription was cancelled in July 1986, although there are certificates in this Series that have not yet been redeemed.

This product has similar characteristics to the Series B Certificates issued before July 1986, with the difference in the nominal value of each unit, which is €0.34916.

The total invested capital is guaranteed.

Prints and Tables
 

Online forms relating to Savings Certificates or Repayment Tables can be found on the Forms.

You can also simulate the current redemption value of your Certificates portfolio at Simulators.