Liquidity Management
OTP Bank offers a number of instruments in Ruble and foreign currencies to manage the client’s liquidity
Instruments:
- Fixed term deposits
- Promissory notes
Deposit "Classic"
You can make a deposit for a certain period with fixed income to be paid on maturity.
Terms and conditions:
- RUB, USD or EUR.
- From 1 to 36 months.
- No early withdrawal or replenishment.
- Interest rate up to 10.75% per annum in Ruble (from 30 to 100 mln RUB. RUB for 12 months).
- Accrued interest is paid at the end of the term.
Deposit "Interests First"
You can make a deposit for a certain term with fixed income to be paid on the next day after placing a deposit.
Terms and conditions:
- RUB, USD or EUR.
- From 1 to 36 months.
- No early withdrawal or replenishment.
- Accrued interests is paid on the next day after cash a deposit is placed
"Overnight"
You can place money overnight at a preferable rate.
The Treasury makes quotation upon client’s request .
Advantages of placing deposits in OTP Bank:
- Guarantee of funds safety and deposit secrecy.
- Attractive rates.
- Guaranteed income from deposits;
- Placing deposits via Internet bank system.
Promissory notes
A promissory note is a document of the established form that gives its holder an unconditional right to request the person indicated in the note of (payer) to pay a certain amount on a certain date.
Funds are placed in RUB, USD or EUR.
Advantages of issuing promissory notes with OTP Bank:
- Issuance, execution or purchasing of promissory notes in any of the main currencies.
- Issuance of promissory notes with maturity set upon agreement with the client.
- The Bank keeps firm quotes for purchase of its own promissory notes on daily basis.
Please contact the OTP Bank employees for more details.