UniCredit Bank provides clients residing in the Russian Federation with the opportunity to take advantage of the system of settling accounts, which was developed by UniCredit Bank in conjunction with Bank Austria AG, Vienna, and which widens the options for Russia-based companies to use rubles in settling accounts with overseas partners. The proposed pattern is likely to be of interest to Russian companies willing to pay for services (work, intellectual business results) provided by a resident using funds in Russian rubles, whereas their overseas partners insist on receiving funds payable to them in hard currency. This conflict of interest may be resolved if settlements are arranged through Bank Austria correspondent accounts with UniCredit Bank opened in both rubles and foreign exchange.
Mode of Payment to the Resident
Mode of Payment to the Non-Resident
