Saga Global: Trading with financial instruments made easy

Our company Saga Global Finacorp Ltd. was founded in 2018 with the idea to provide ETS plants with access to stock trading in connection with the change of GHG emissions quota status.

Saga Global Finacorpe team has staff with significant experience in ET Emissions Emissions Trading that has worked in this field and has hundreds of successful sales of industrial customers from Central and Eastern Europe behind of OTC transactions with delivery up to 3 business days or fixed-term contracts with delivery over one month.

It is our employees who can tell you about the changes that have occurred and the differences between the Emissions Trading Rules when they were identified as goods and the new trading rules for the allowances as financial instruments.

DIRECTIVE 2014/65 / EC on Markets in Financial Instruments and amending Directive 2002/92 / EC and Directive 2011/61 / EU introduces a definition of GHG emission allowances from the European Emission Trading Scheme as a financing instrument in all countries of the EU. In Bulgaria, this change was introduced with the new Markets in Financial Instruments Act, which entered into force on February 16, 2018.

In line with the requirements of the Directive and the entry into force of the New Law on the Markets in Financial Instruments in Bulgaria of February 16, 2018, those who enter into emission allowances transactions and are not ETS operators must hold a license for trading in financial instruments, issued in Bulgaria by the FSC, and in other EU countries by the regulatory body with similar functions.

In full compliance with these new requirements, Saga Global Finacorp OOD has been authorized by FSC to be a tied agent of an investment intermediary and has the right to provide and perform for remuneration on behalf of and under the full and unconditional responsibility of the Investment Services the following investment services and activities:

• offering financial instruments;
• inviting clients to enter into transactions;
• acceptance and transmission of orders by customers;
• providing investment advisers to clients or potential clients through transactions with financial instruments or providing advice on the services offered by the investment intermediary by persons holding an investment advisory certificate;
• consultancy and brokerage services for which no license or permit is required;

The investment intermediary, on behalf of Saga Global Finacorp Ltd., carries out these activities is Zagora Finacorp AD. Zagora Finacorp AD has a full license of an investment intermediary issued by the FSC, which allows it to carry out the following investment services and activities:

1. Acceptance and transmission of orders in relation to one or more financial instruments;
2. Execution of orders on behalf of clients;
3. Treasury transactions with financial instruments; 
4. Portfolio management;
5. Investment advice;
6. Undertaking issues of financial instruments and/or offering financial instruments under an unconditional and irrevocable obligation to subscribe/acquire financial instruments on their own account;
7. Offering for the initial sale of financial instruments without an unconditional and irrevocable obligation to acquire financial instruments on its own account (placement of financial instruments);
8. Safeguarding and administration of financial instruments at the expense of clients, including custodianship and related services such as cash and collateral management, except for centralized securities accounts under Section A, point 2 of the Annex to Regulation ( EU) No 909/2014;
9. Granting loans to investors to make transactions with one or more financial instruments provided that the intermediary providing the loan participates in the transaction;
10. Business advice on capital structure, industrial strategy, and related issues, as well as advice and services related to business transformation and acquisition;
11. Providing services related to foreign payment instruments insofar as they are related to the investment services provided;
12. Investment research and financial analysis or other forms of general recommendation relating to transactions in financial instruments;
13. Eligibility of financial instruments;

Become our clientIf you would like to take advantage of the investment activities and services we offer, do not hesitate to contact us. Our traders will give you up-to-date market information, explain your trades and take your execution order to the IP professionally, accurately, and in the language most convenient for you to communicate with.

Contact our expert in one of the following languages: Bulgarian, English, Romanian, Slovak, French, Russian.