Raiffeisen Bank
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Dual-currency time deposit
The dual currency time deposit is a time deposit which is established in a single currency, earns substantially higher interest than classic time deposits, and whose principal is returned upon maturity in a different currency. It is a deposit linked to the development of a previously determined pair of currencies.
Advantages
- Speed of communication
- Trades may be made through direct telephone communication with employees of the Treasury section.
- Better interest than in classic time deposits
- Maturities from 1 week to 18 months
- No fees
- The deposit is insured by law
- Comfort
- Communication by phone
Conditions
Conclusion of a TMA contract (Treasury Master Agreement) and an amount higher than 10 million CZK or the equivalent in foreign currency.
Example
- The client establishes a dual-currency time deposit for EUR; 500,000 EUR for 1 month, interest of 7% tied to the development of the EUR/CZK exchange rate.
- If at the end of the deposit the EUR/CZK exchange rate is below 26.000 the client is returned the principal of 500,000 EUR
- If at the end of the deposit the EUR/CZK exchange rate is above or at 26.000, the client receives back a principal of 13,000,000 CZK. (500,000 EUR * 26.000 = 13,000,000 CZK)
Contacts
Treasury Sales Pavel Bárta Head of Treasury Sales Milan Dubecký Treasury Sales Jana Maličká Treasury Sales Kryštof Peroutek Treasury Sales Pavel Krištof Treasury Sales Michal Michalov Treasury Sales Pavel Truchlý Treasury Sales Milan Fischer Treasury Sales Jakub Skotnica Treasury Sales Martin Bárta Treasury SalesAdditional navigation
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