Currency Operations

Bank operations in a foreign currency

 
In August, 2004 the bank has received the license of the Central Bank of Russia for fulfilment of bank operations with a foreign currency for 1917.

ZAO “Bulgar bank” makes operations on behalf of clients, being guided by operating currency legislation, the international bank practice (the Unified rules and customs for documentary letters of credit, etc.), and also normative documents.

ZAO “Bulgar bank” carries out according to operating currency legislation the currency control over all kinds of the currency transactions spent including under the foreign trade contracts, credit contracts and contracts of the loan, and also behind the currency transactions spent under uncommercial transactions. (Fees. Personal, Fees. Business)

ZAO “Bulgar banks” experts spend free-of-charge consultation of Bank clients at any stage of fulfilment by them of transactions. Use in work of recommendations of the qualified experts will allow to conclude contracts on the conditions corresponding norms of the currency legislation, and after the conclusion of contracts will allow to prevent carrying out of currency transactions with infringement of the established order and to avoid the problems connected with procedure of the currency control.

ZAO "Bulgar bank " gives to the clients a spectrum of services at carrying out of international payments in the form of the documentary letter of credit:

• On import: from opening letters of credit on behalf of clients, before realization of payments under these letters of credit;
• On export: from the notice of the clients opened in their advantage by foreign banks, reception for payment commercial documents before reception of payment from foreign banks.

The “Bulgar bank " carries out uninterrupted calculations in the form of translations:

• Enlists the proceeds which have acted in favour of clients;
• makes payments abroad on behalf of clients in the form of bank translation.

The currency control:

• Execution of functions of the agent of the currency control according to operating legislative and statutory acts.
• The help in preparation of the foreign trade contracts according to requirements of the currency legislation of the Russian Federation. 
• Consultation concerning the currency and customs legislation. 
• Consultations in the field of foreign trade activities of the enterprises and the organizations. 
• Consultations on carrying out of the most complex forms of payments according to the forms of calculations accepted in the international practice in foreign and national currency. 
• Consultations on all types of calculations in a foreign currency: to the letter of credit, bank translation. 
• Consultations at reception of sanctions, licenses, substantiations, explanations of bodies of the currency control (Bank of Russia, the State Customs Committee of Russia, the Government of the Russian Federation). 
• Maintenance with instructive materials under the currency legislation. 
• The help at official registration of papers, according to requirements of the currency legislation of the Russian Federation.

Opening and conducting the bank account
1	Opening of the bank account in a foreign currency	Without the commission
2	Conducting the bank account in a foreign currency	Without the commission
3	Transfer of the means which have acted on the accounts by non-cash way	Without the commission
4	Granting of extracts and appendices to them	Without the commission
5	Granting or assurance of the documents duplicate on the basis of the clients written request (an extract, debit or credit appendices to them and other documents)	1 USD *
6	Granting of information under the clients written request:
	On the request of state structure	Without the commission
	On the Funds transfer on the account (receipt, íåïîñòóïëåíèå, write-off of means, absence of movement under accounts, etc.)	1 USD *
	Other receipts and informational letters	1USD *
	* * The commission is raised for each document
7	Carrying out of consultations on optimum calculations, conducting foreign trade activities, the currency control, normative documents, etc.	Without the commission
Transfers
8	Client transfers in US dollars (all charges due to beneficiary - BEN) for the sum of transfer:
8.1	Less than 500 USD	20 USD plus the sum of the commission of the third banks
8.2	over 501USD	0,1%, minimum 25 USD,maximum 100USD  plus the sum of the commission of the third banks
9	Client transfers in EUR for the sum of transfer:
9.1	Less than 500EUR	20 EUR plus the sum of the commission of the third banks
9.2	over 501 EUR	0,2%, minimum 25 EUR,maximum 100 EUR  plus the sum of the commission of the third banks
10	Client transfers in other currency:
10.1	English pound	20 USD plus the sum of the commission of foreign bank executed payment
10.2	the Swiss franc
10.3	ÎÊÂ
11	Intrabank transfers	In addition it is not paid
12	Other
12.1	If payment has not been executed by bank	Without the commission
12.2	If payment is executed by bank:
12.3	In US dollars	30 USD plus the sum of the third bank’s commission:
12.4	In EUR	35 EUR plus the sum of the third bank’s commission:
13	Carrying out of investigations under the request of the client for proceeding sums search
13.1	In US dollars	30 USD plus the sum of the third bank’s commission:
13.2	In EUR	35 EUR plus the sum of the third bank’s commission:
Conversion operations
14	Purchase/sale, conversion of a foreign currency due to the money resources which are being on the account of the Client	At the rate of bank
15	Carrying out of consultations concerning the currency control	Without the commission
Operations with a cash foreign currency and checks
16	Transfer of a cash foreign currency on the account:
16.1	Return of US dollars or the euro, given out by bank on the travelling and living expenses, not lost attributes of solvency	Without the commission
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