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FX Trading

We offer a package of modern financial instruments that will greatly facilitate the achievement of desired objectives to successful and ambitious companies.

The Trading Department is an integrating part of UniCredit Bank International markets Sector, which deals with issues like trade currencies, deposits and securities on the inter-banking market.

Thanks to results achieved in the currency trade, deposits and securities in the inter-banking market, UniCredit Bank has taken a leading position on the Serbian market in this business sector.

UniCredit Bank Trading Department is characterized, besides employee’s high professionalism and creation of market prices, with a role of ‘market maker’ on the domestic market, constant predictions of market trends and respect of rules of market business.

 

Offer

  • FX conversion
  • Forward transactions
  • Swap transactions
  • Repo operations
  • Treasury bills of Ministry of Finance
  • Deposits


Contacts

Vojislav Stefanović

Head of Trading

+ 381 11 3770 901

+ 381 11 3770 998

vojislav.stefanovic@unicreditgroup.rs

Milorad Aksentijević

Junior Dealer

+ 381 11 3770 239

milorad.aksentijevic@unicreditgroup.rs

What Does Foreign-Exchange Risk Mean?

The risk of an investment's value changing (value of imported/ exported business, foreign currency loan) due to changes in currency exchange rates.

This risk usually affects businesses that export and/or import, but it can also affect foreign currency loan borrower. For example, if money has to be converted in another currency to make a certain payment for imported goods/ loan, then any changes in the currency exchange rate will cause that payment's value to either decrease or increase when goods/ loans are sold and converted back into the original currency.

Unicredit Bank Serbia offers following products for FX risk hedging:

FX forward contracts protect corporate clients from a short and medium term exposure to foreign currency risk. To be more precise, corporate client can fix ‘today’ an exchange rate which will be used on the certain date in future when buying or selling foreign currency. FX forward contracts can be signed and closed by a legal entity for all freely convertible currencies. Maximal maturity of the forward transaction can be up to 18 months. The price is defined in line with market situation. In order to execute forward transactions, client has to sign forward contract and to agree upon the limit available for forward transactions.

FX covered forwards follow the same logic; the difference is that the client has no limit set by the Bank for forwards, and that one leg of the transaction is settled the very same day of the trade. In case of buying EUR for RSD the forward rate is in discount.

What are the advantages for exporters?

  • Eliminating exchange rate risk, exchange rate differences
  • Possibility to keep expanses under control and better plan revenues
  • Sale increase – Sellers who are invoicing their goods connecting their sale for foreign currencies are recording sale decrease, mostly because in turbulent time’s buyers most often choose sellers who are invoicing their goods in RSD. By knowing pre-agreed exchange rate, company can invoice their goods in RSD to their buyers, without any risk of negative exchange rate differences.

What are the advantages for importers?

  • Eliminating exchange rate risk, exchange rate differences
  • Possibility to keep expanses under control and better plan revenues,
  • By selling the currency in advance company can implement higher exchange rate from the most recent market rate.

Contacts

Novica Maljković

Head of trading

+ 381 11 3770 903

+ 381 65 202 6263

novica.maljkovic@unicreditgroup.rs

UniCredit Bank presents you unique financial products on the Serbian banking market dedicated to legal entities.

Exchange of interest rates (Interest Rate Swap - IRS) is designed to protect companies from interest rate risk in the easiest way, especially from negative movements of interest rates on a financial market. Users of IRS have the possibility to replace variable interest rates derived from the obligations to creditors, ie. banks, other legal entities or mother companies, which are related to movements of EURIBOR or CHF LIBOR, with a fixed interest rate.

In order to benefit from the protection of interest rate risk using IRS, it is not necessary that companies are clients of UniCredit Bank, or that they affect the transfer of their loan obligations to the bank.

Interest rate option (CAP) enables client whose loan is linked to variable interest rate (EURIBOR or LIBOR) to fix maximum interest rate which will pay effectively instead of variable interest rate.

 

Contacts:

Novica Maljković

Head of trading

+ 381 11 3770 903

+ 381 65 202 6263

novica.maljkovic@unicreditgroup.rs

UniCredit Bank offers to its corporate clients the possibility of buying and selling foreign currency at the best market conditions.

Corporate clients can purchase or sell foreign currency at an exchange rate that is set by a dealer of brokerage transactions in UniCredit Bank, every working day from 9 A.M. until 4.30 P.M.

 

Contacts:

Novica Maljković

Head of trading

+ 381 11 3770 903

+ 381 65 202 6263

novica.maljkovic@unicreditgroup.rs

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