Financial markets

Overview of our capabilities in Russia:

• FX transactions with value dates TOD, TOM and spot.
• FX swap and FX forward transactions.
• Live prices for most actively traded currencies, including that of Central and Eastern Europe (PLN, CZK, HUF) and China (CNY and CNH).
• Competitive quotes on major convertible currencies
• Market orders, limit orders, stop loss/take profit orders.
• Payments in currency other than currency of account (hidden conversion), e.g. EUR payment from USD current account.
• First-class FX&IR Research from Moscow and London-based team and market updates from FX&IR desk.
• Outgoing payments value TOD trading hours USD/RUB 09:00 - 16:00, EUR/RUB 09:00 - 15:00 (Moscow time). For outgoing payments value TOM trading hours USD/RUB and EUR/RUB 09:00 - 17:15 (Moscow time). Trading hours may be extended upon request.

Trade pre-requisites

• Settlement limits
• Agreement in place

ING Commercial Banking in Russia capabilities:

• Fixed rate deposit.
• Dual currency deposits
• Currencies: USD, EUR and RUB; other currencies at request
• Tenors: from overnight

Trade pre-requisites

• Local master agreement

Dual currency deposits

• These deposits earn improved interest rate which is paid on condition that at maturity deposit amount can be paid in pre-agreed alternative currency at pre-agreed FX rate at the Bank's discretion.
• Designed for clients that have operational needs in two currencies and assume that no FX conversion of alternative currency into original one will take place.
• The improvement interest rate is determined by selected FX rate.
• For deposit in USD with conversion into RUB – if one business day before maturity date spot rate is equal or higher than pre-agreed FX rate, then deposit amount is paid in alternative currency. If spot rate is lower than pre-agreed FX rate, then deposit amount is paid in original currency. In both cases the client receives improved interest rate.

ING Commercial Banking in Russia capabilities:

• FX Forwards (Deliverable and Non-Deliverable), FX Swaps, FX Options, Cross-Currency Swaps (CCS), Structured Products up to 10 years, subject to market liquidity

Trade pre-requisites

• Pre-settlement and settlement limits
• Agreement in place

ING Bank capabilities:

• Interest rate swaps (IRS), forward rate agreements (FRA), cross currency swaps (CCS)
• Currencies: USD, EUR and RUB and more than 20 others
• Tenors up to 10 years (subject to market liquidity)

Trade pre-requisites

• Pre-settlement and settlement limits
• Agreement in place

IRS

• Agreement between two parties on exchange of interest rate payments for a pre-agreed period of time.

•  The contract allows to exchange floating rate into fixed and vice versa.

• No exchange of principal is involved, as both legs are in the same currency.
• Irrespective of the reference rate on the settlement date, the Buyer of IRS pays pre-agreed swap rate and
• The Seller pays the hedged interest rate.

Cross currency swap

• Agreement between two parties about exchange of principal and interest rate payments for pre-agreed period of time in two different currencies.
• Principal may be exchanged: at the beginning and in the end of trade; only at the beginning; only in the end; no exchange of principal at all (exchange of interest payments only)
• This trade allows exchange of cashflows (fixed or floating) in one currency into cashflows (fixed or floating) in another one.
• Irrespective of the reference rate on the settlement date, the Buyer of the cross currency swap pays pre-agreed swap rate, and the Payer pays the hedged interest rate.