Foreign exchange

Currency purchase and sale - the service allowing the deal parties to bargain and sell a specified amount of one currency for another at the negotiated currency rate.

If the amount of the currency to be exchanged exceeds the equivalent of EUR 12 500, we may offer more beneficial exchange rates for our customers.

In our bank customers may exchange foreign currencies in cash and non-cash. Cash purchase and sale transactions are available only in EUR and USD.
 

Foreign exchange spot - the deal between the bank and the client for buying and sale of the currency at the negotiated rate. The deal shall be executed not later than within two business days from the deal date.

Foreign exchange forward - the deal, which allows the parties to buy and sell the currency in the future at the rate agreed on the deal date.

Foreign exchange swap - the deal on the basis of which the parties agree to buy or sell one currency for another at the negotiated price within two business days from the deal date and to redeem the same amount of the currency on the agreed future date at the price agreed on the deal date. This is the combination of Spot and Forward transactions, when the bank and the client agree to change over the currency for the particular period.

Foreign exchange option - the deal under which the buyer having paid to the seller the agreed premium acquires the right (but not an obligation) to buy (call) or sell (put) the currency in the future at the specified price (strike price).

Please refer to our Treasury Department to get more information related.