Aforro certificates: Series A heirs are able to receive by transfer

by Andrea
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An alternative to Savings Certificates will be created

ZAP // IGCP

Aforro certificates: Series A heirs are able to receive by transfer

The heirs of these subscribers had to receive the value on aforro certificates. But this “is not always in agreement with the intended.”

Os heirs of holders of Series A Aforing certificates will be able to receive the prize for its entirety by bank transfer, According to a ordinance published on Wednesday.

So far, the heirs of these subscribers would have to receive the value obligatorily in certificates of savingssomething that the Ordinance points out that “It is not always in accordance with the intended.”

Thus, the document signed by the Deputy Secretary of State and the Budget, José Maria Brandão de Brito, states that the value of the prize can be delivered to cash whenever the heir intends to rescue, “receiving capital through bank transfer together with the rescue product ”.

This series, which came into force on the first day of 1961, was issued until the mid 1980.

Still, the capital to receive for death decade titular of Aforro certificates “will be represented by aforro certificates of the series in commercialization, whose acquisition value cannot exceed 1.047,00 euros”.

O calculation for the inheritance awards will remain compared to what was already applied, corresponding to the “percentage of the acquisition value of the respective certificate of aforro, which will be 10% when they make up three years after the date of issue and more 2% per full year beyond the third. ”

The Ordinance, published in Diário da República, is dated September 8 and “comes into force the day after its publication.”

These changes occur “in accordance with the objective assumed by the Treasury and Public Debt Management Agency – IGCP” to move forward with a digital transformation process “in view of the modernization of technological infrastructures for the state’s debt management and treasury support” as well as to update and optimize processes.

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