FX Spot
Advantages for You
- Conversion between all currencies on the foreign exchange price list
- The tracking of exchange rate developments and execution of clients’ orders at the desired exchange rate level
- Can be arranged over the telephone
Detailed Information
Spot currency conversion is the undertaking to sell money in one currency for money in another currency for the spot rate applicable at the time of the transaction with a settlement date within no more than 2 business days.
Sberbank CZ enables its clients to enter a request to have exchange rate developments tracked and the client’s orders executed at the desired exchange rate level.
Example
A Czech company that imports raw materials must pay its supplier EUR 100,000 for the raw materials ordered, but its sales are in CZK. On 1 April 2012, the bank quotes an exchange rate of 25.450 EUR/CZK to the client.
On 1 April 2012, the company buys EUR 100,000 at the rate of 25.450, with the the settlement date of 1 April 2012, and pays CZK 2,545,000 for the transaction.
Contact information
Head of the Global Markets
| Branko Sušić | +420 234 706 881 | susic.branko@sberbankcz.cz |
Global Market Sales
Trading in FX and Interest-Rate Instruments
| Martin Chum | +420 234 706 890 | chum.martin@sberbankcz.cz |
| Filip Jelínek | +420 234 706 986 | jelinek.filip@sberbankcz.cz |
| Martina Lukesová | +420 543 525 710 | lukesova.martina@sberbankcz.cz |
| Marek Bohumský | +420 234 706 846 | bohumsky.marek@sberbankcz.cz |