Currency operations and their types.

Under the foreign exchange transactions mean the following transactions:

• The Acquisition of currency values or their legal exclusion of the resident from the resident;
• The Use of currency valuables and securities as means of payment;
• The Acquisition of currency values or their legal disposition by non-residents from non-residents;
• The Import into the customs territory of the country of currency values, currency and internal securities;
• Currency Transfers to accounts inside the country and abroad.

Foreign Exchange transactions are divided into two large categories: current and those associated with the movement of capital.

Current currency operations include:

• Currency transfers in and out of the country for the payment of the import or export of goods without deferred payment. It also includes funds for the implementation of the calculations that are associated with the lending operations of import-export for a period not exceeding 3 months;
• Financial loans for a period of not more than six months;
• Transfers from/to the country of income on foreign currency deposits (interest, dividends, etc.) and any types of investments, and transactions with any foreign capital;
• Non-Trading transfers, including the amount of pensions and social benefits

Currency operations related to capital movement:

• Direct investment (equity participation to qualify control and a portion of the dividends);
• Investing in the securities;
• Financial loans for a period of more than 180 days;
• Transfers, designated for the payment of real property;
• Receiving and granting of deferral of payment in export-import operations for a period of more than 3 months;
• Other operations that are not included in the current.

Forward currency operations and their types – Is the transaction that provide protection against currency risks. Principal foreign exchange derivatives operations

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Forwards, futures, options, swap, lidz end legs.

Forward – the OTC transaction, which is performed by the Bank or commercial organizations on the basis of the Treaty and providing for compensation of losses on both sides from changes in interest rates.

Futures – foreign exchange contract that comes a certain amount of currency at the exchange rate specified in advance for a certain time.

Option - this currency operation enables the sale and purchase of foreign currency at a fixed price at a specific point in time.

Leeds & legs – the acceleration or deceleration of payments in currency trading to protect against the risk of the transaction.

SWAP – this is a banking transaction that consists of 2 vzaimosochetaemost transactions for the same amount, which is to one day from one of these transactions is urgent, and the second for immediate delivery.

The Main types of foreign exchange transactions are:

• Maintain foreign currency accounts (opening, interest on balances, overdrafts, issuance of foreign currency transactions, provision of archive of the account for a certain time period, operations with foreign currency accounts of clients, legal support of currency transactions, secured transactions in appropriate documentation (This service is in high popularity among the customers who want to make currency transactions, but do not know all the legal niceties and would like to protect your deal from risk.;
• Non-Trading operations, associated with customer service and not related to commercial transactions. The most popular of these operations is the issuance of Bank cards, the purchase and sale of foreign currency to the population via the network of exchange offices, expedited processing of the travel cheques and issuance of travel currency for travel abroad,

Currency transactions are one of the most significant components of Bank's income, and therefore every year expands the range of such services.