Ruble Settlement Accounts
UniCredit Bank opens ruble settlement account in the name of corporate body (legal entity) residing in the Russian Federation on the basis of a Bank Account Agreement. It is intended to enable the account holder to make settlements and cash transactions in rubles, as provided for under current legislation.
All payments from the account are made within the limits of the available credit balance. Overdraft facilities can be provided on terms and conditions agreed additionally by the parties in writing. The Bank shall pay interest on credit balances on the account according to the procedure established by the Bank. The interest rate and the interest accrual procedure may be revised by the Bank, the client being subsequently notified in writing.
Hard Currency Settlement Accounts
UniCredit Bank opens hard currency settlement account in the name of corporate body (legal entity) residing in the Russian Federation on the basis of a Bank Account Agreement. It is intended to enable the account holder to make settlements and cash transactions in hard currency, as provided for under current legislation.
Simultaneously with opening of the foreign currency settlement account the Bank opens in the client’s name the transit account which is used for effecting the obligatory sales in accordance with the legislation in force.
All payments from the account are made within the limits of the available credit balance. Overdraft facilities can be provided on terms and conditions agreed additionally by the parties in writing. No overdraft facility is provided under transit accounts.
Non-convertible/Clearing Currency Settlement Accounts
UniCredit Bank opens non-convertible/clearing currency settlement account in the name of corporate body (legal entity) residing in the Russian Federation on the basis of a Bank Account Agreement. It is intended to enable the account holder to make settlements and cash transactions, as provided for under the current currency legislation of the Russian Federation, and by the Inter-Banking Agreement on the account maintaining procedure. Simultaneously with opening of the foreign currency settlement account the Bank opens in the client’s name the transit account which is used for effecting the obligatory sales in accordance with the legislation in force.
All payments from the account are made within the limits of the available credit balance. Overdraft facilities can be provided on terms and conditions agreed additionally by the parties in writing. No overdraft facility is provided under transit accounts.