Product description
- Purchase of a currency for an equivalent in another currency with the settlement date over three business days.
- The foreign exchange rate for a forward transaction is linked to the current spot rate, increased/decreased by forward points depending on the mutual relationship between the interest rates of the traded currencies.
Terms of service
- Accounts in the relevant currencies.
- Minimum volume of a transaction has been set out as CZK 1,000,000 or an equivalent in EUR, USD, GBP, CHF and PLN, for other currencies have been the minimum volume certify.
- Maturity – up to 1 year.
- Traded currencies are limited by the scope of the foreign exchange list of LBBW Bank CZ a.s.
- Master Agreement on Treasury Trades.
- Agreement for opening of pledge account, cash deposit or cash derived from repo deal with securities.
