A SWAP transaction enables you to hedge yourself against the risks of currency fluctuation, temporary using one currency instead of another and afterwards changing it back according to the rate set in advance.
 A SWAP transaction consists of two reverse converting operations of the same money amount. We buy from you an agreed sum of one currency and exchange it for another. After an agreed time period we sell this currency back to you. Besides, you know in advance both the currency purchasing rate and repurchasing rate.
Upon conclusion of a SWAP transaction a certain amount is blocked in the account to secure fulfilment of obligations.
If you wish to apply for this service:
in case you are our current client, you should
 contact your Private banker or Dealer
sign the Confirmation of Client Obligations
in case you are not our client yet, you should
open a Current Account with the Bank,
turn to you Private banker for help with applying for this service and
sign the Confirmation of Client Obligations. |
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