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Financial Derivatives

To enable you to manage your currency and interest rate risks more efficiently, you can conclude forward, currency and/or interest rate swap transactions. 

 

• FOREIGN EXCHANGE FORWARDS 

Currency exchange transactions with an exchange date not earlier than the fifth working day after the transaction date. By becoming involved in such transactions the customer undertakes to exchange currency on a date and for an amount and exchange rate set in advance.

• FOREIGN EXCHANGE WITH TIME OPTION 

Transactions in which funds in one currency are converted into another currency in accordance with a rate agreed between the parties for the specific transaction with the option of choosing the future exchange date or dates within a set period and for a rate that both parties have agreed to.

• FOREIGN EXCHANGE SWAPS

Currency swap transaction between the customer and the bank wherein the customer buys or sells one currency for another currency for the initial transaction rate conditional on reselling or repurchasing the first currency at the final transaction rate in the future.

• INTEREST RATE SWAPS (IRS)

Special money market product transactions wherein one of the parties pays the other party interest in accordance with a fixed interest rate and the other party pays the first party interest in accordance with a variable interest rate for a specific amount in a specific currency and for a specific period.

• OVER-THE-COUNTER (OTC) OPTIONS 

Transactions that establish rights but not obligations to buy or sell a set currency for a set price on a specified date or within a set period in the future and for which the option purchaser pays a premium on the date of concluding the transaction. 

• OTHER DERIVATIVES TRANSACTIONS 

Any currency forward, swap and/or interest rate swap combinations that are connected with currencies, foreign currency exchange and/or interest rates.

 

Conflict of Interest Prevention Policy

Investment Services and Relevant Risk Disclosure

Order Execution Policy

 

Treasury Department
Ph.: +371 6 7085 572
E-mail: Riga_treasury@unicreditgroup.lv