Danske Bank ranks among the largest currency traders in the world. As a member of Danske Bank Group, Danske Bank Russia can offer clients highly competitive foreign exchange rates for the purchase and sale of all convertible currencies.
We provide advice on currency market issues and offer such instruments as FX forwards, FX swaps, FX options for efficient currency risk management. We also provide research on the macroeconomic and currency trends on all global markets.
FX-markets, and in Russia particularly RUB-markets, have become more liquid and active after the very volatile year 2009. Also the market practices are slightly moving towards international standards and practices in FX-markets. Danske Bank Russia wants to be among leading banks bringing those international practices available to the Customers.
Effective from the 3rd August, 2010 we have amended our tariff list concerning FX-conversion rates in order to make it more client friendly and open to You to use our services.
We replace our pre-set margins in tariff list for FX-conversions with the following text:
"The Bank accepts conversion request from the Clients within their account balances. Accounts shall be debited and credited within the cut-off times specified by the Bank and at the Bank's conversion rate."
This means that you will be given the competitive market rate from our Treasury department for the amount and currency you wish to convert at that moment. The benefits of this change to our Clients are among others more simplified process of agreeing the rates with the bank, less documentation and more competitive conversion rates to the Clients.
Should you need any additional information please do not hesitate to contact our Treasury Department in FX- and Money Market questions