UniCredit Bank offers its clients services in respect of transactions that involve foreign exchange conversion.
The following are the main transactions that involve foreign exchange conversion:
- statutory sales by Russian exporters of part of their foreign currency proceeds for rubles
- sales of foreign exchange for rubles to finance ruble payments
- purchases of foreign exchange for rubles for payments to be made on imported goods and services
- payment for imported goods and services when the payment currency under the import contract differs from that of the account from which payment is made
- purchases of foreign exchange of one type with foreign exchange of another type to supplement the account in the purchased currency (e.g. to protect funds from devaluation as a result of fluctuation in exchange rates)
UniCredit Bank offers clients wishing to sell or purchase foreign exchange for rubles the opportunity to conclude an appropriate transaction with the bank at its own rate, or at the Moscow Inter-Bank Currency Exchange (MICEX) at the stock exchange rate.