
Technical Data Savings Certificates Series C, B and A
Series C was created by Ordinance n.º 73-A/2008, of January 23, with subscriptions having been closed by Ordinance 17-B/2015, of January 30th.
Serie C
Characterization
Interest Payment
Quarterly.
Capitalization of accrued interest
Interest accrued each quarter is capitalized at its net IRS value.
Interest rate
Determined monthly on the penultimate business day of the month, to be in force during the following month, according to the formula:
0.85*E3+0.25
where E3 is the average of the three-month Euribor values observed in the previous ten business days, with the result rounded to three decimal places.
Interest Calculation Period
Interest is due on the day of the month corresponding to the subscription value date. If there is no such day in the month of due date, interest will be due on the first day of the following month.
Retention Bonus In percentage points
The retention bonuses indicated below are added to the base rate.
0.50 - in the second year;
0.75 - in the third year;
1.00 - from the fourth to the seventh year;
1.25 - in the eighth year;
1.5 - in the ninth year;
2.5 - in the tenth year.
Refund
Of capital and capitalized interest, on the 10th anniversary of the subscription value date. The amounts are credited to the account.
Early Redemption
Total or partial, from the date on which the first interest payment for the subscription occurred. Redemption results in the reimbursement of the nominal value of the units redeemed and the amount of interest capitalized up to the date of redemption.
To be carried out by the holder or operator at CTT stores.
Transmission/Prescription
Savings Certificates of series C expire in favor of the FRDP within 10 years from the date of their respective maturity, under the terms of Law n.º 7/98, February 3rd.
Capital Guarantee
Guarantee of the total invested capital.
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.
Transactions related to Series A savings certificates can be carried out at the IGCP, E.P.E. Customer Service Office, located at Av. da República, 57 – 1º, in Lisbon, from 9:00 a.m. to 4:00 p.m.
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.