Solutions fitting your needs!
In direct customer contact, our Sales and Dealing Department offers the following services:
foreign currency purchase/ sale - FX spot
FX risk protection
FX Flexi forward
Short-term depositing in local and foreign currencies which is governed by the prevailing FX rates and interest rates in foreign currency or money market
The Department Head and 2 certified dealers (certified by ACI Dealing Certificate Cyber School) are at the customers’ service every day from 08:00 am until 15:30.
More on FX transactions
Foreign currency purchase/sale FX spot
FX spot transactions imply currency exchange with currency delivery within two business days from the exchange rate agreement
FX risk protection
FX Forward transactions allow for purchase and sale of foreign currencies at exchange rates and in amounts agreed for a future pre-determined delivery date (delivery in more than two days). This protects the customer’s cash flows from possible future FX rate changes and limits profit and loss oscillations.
FX Flexi Forward transactions also allow for purchase and sale of foreign currencies at exchange rate and in amount agreed for a future pre-determined delivery date (delivery in more than two days). However, these transactions additionally ensure higher conversion flexibility as the transacted amount may be converted as a whole or in parts/ tranches.
FX swap is an exchange instrument used for simultaneous arrangement of FX Spot purchase and FX Forward sale. FX Swap ensures coverage of liquidity lack in one currency with liquidity surplus in other currency, whereas the transaction cost is actually the difference between interests to quoted currencies
Placement of local and foreign currency funds
MM deposits are short-term deposits which the customers place with the Bank for a pre-determined period of time at an interest rate which is governed by the prevailing interest rate on the market.