Legal and physical entities

Currency forward (FX Forward) is the purchase or sale of one currency for another at the exchange rate, which was agreed upon in advance between the parties involved. The settlement of the transaction will be carried out as of the date of the fixed term currency (which is later than 2 working days since the date of concluding the business); however, no longer than the expiry of one year after the date on which the transaction was concluded (or individually). The minimum value of the transaction is 33.193,92 EUR / 1 million SKK* or the equivalent of this sum in another currency traded on the interbank market.
The currency forward operation can be done in all the currencies given on the exchange rate list of Komerční banka Bratislava. The operation can also be carried out in combination with a smooth payment, a documentary collection or a documentary letter of credit. The deal is always concluded by telephone with the dealer of the Treasury Department, while the client has a possibility of control over the parameters of the transaction by receiving the confirmation.

* using conversion rate 1 EUR = 30,1260 SKK

You can ask for this product/service at any KB Bratislava business center. For further information about this product/service, please contact your Relationship manager or write to us to our e-mail address koba@koba.sk.