Financial Institutions

Česká spořitelna offers a wide range of products and services assuring its clients that their money will always be safely and reliably taken care of by using all the products and services of the modern banking world.

Custody and administration of securities, settlement of transactions with securities both on domestic and foreign markets.

The bank which oversees the fund's assets management and compliance with statutory and mandatory limits shall keep records of the entire fund's finance, settle securities transactions within specified time.

Asset management services are designed for long-term investments of higher volumes.

• Documentary and Bill Collections
  

  Documentary collection is a payment method, where documents covering the supply of goods or services are released to the drawee subject to fulfillment of conditions provided by the drawer.

• Documentary and Standby Letters of Credit
  

  Letter of Credit (L/C) is an obligation of a bank, whereby the bank by order of its client undertakes to the beneficiary to effect specified financial performance, provided specified documents are presented...

• FIT - Payment
  

  FIT - Payment (FIT = Fast Intragroup Transfer) is a fast and cheap payment among all clients of Erste Group Bank member banks.

• FX Spot Transactions
  

  FX spot transaction is the purchase or sale of a fixed amount of one currency for another currency, at a set exchange rate, settled two working days after the execution.

• MultiCash
  

  MultiCash is a direct banking service of Česká spořitelna allowing to operate current accounts via client application.

• BUSINESS 24 Internetbanking
  

  BUSINESS 24 Internetbanking is a direct banking service enabling access to accounts from personal computer connected to the Internet.

• @FAKTURA 24
  

  @FAKTURA 24 - The service involves sending and receiving invoices in an electronic format with the option of their direct payment through the direct banking channel.

• Payments
  

  Česká spořitelna offers a wide range of modern payment tools.

• Accepting payment cards
  

  Accepting payment cards is a matter-of-course at modern points of sale. Česká spořitelna facilitates acceptance of all existing world card associations - MasterCard, Visa, Diners Club and JCB (Japan Credit Bureau).

• Term Deposit
  

  A term deposit is a fundamental short- term investment tool. Client’s money (local or standard foreign currency) is deposited at Česká spořitelna for a set period of time, at a set interest rate, at a set amount.

• Treasury Bills Transactions
  

  Treasury bills (T-Bills) are discounted short-term securities, issued by Czech State, Ministry of Finance respectively.

• Trading in Equities
  

  Trading with sharesis an investment alternative for clients who want to reach high yields and are ready to bear risk of loss in case of unfavorable development especially in a short-term horizon.

• Structured Investment Products
  

  Structured investment product ensures a higher yield from an investment in local or a foreign currency, if the development of the selected currency pair is favourable.

• Asset Management
  

  Asset management services are designed for long-term investments of higher volumes.

• Exchange Rate Risk Hedging
  • FX Forward
    

    FX forward is the purchase or sale of a set amount of one currency for a set amount of another currency at a fixed exchange rate, where the funds on the accounts are settled later than 2 next working days after the day of concluding the transaction.

  • FX Swap
    

    FX swap is used to make positions in two various currencies equal.

  • Currency Option
    

    Currency option enables clients to hedge against the interest rate risks, with the option of making a profit if the future rate reaches a specified level.

  • Currency Interest Rate Swap
    

    The cross currency interest rate swap is an interest rate swap where groups of payments in various currencies will be carried out during a period of at least 1 year.

• Interest Rate Risk Hedging
  • Forward Rate Agreement
    

    Forward rate agreement (FRA) enables clients to fix future interest rates.

  • Interest Rate Swap
    

    Interest rate swap (IRS) is a swap of various interest rates in the same currency.

  • Interest Rate Option
    

    Interest rate options help clients to hedge against the risk of an undesirable development in the floating interest rate in the future.

  • Currency Interest Rate Swap
    

    The cross currency interest rate swap is an interest rate swap where groups of payments in various currencies will be carried out during a period of at least 1 year.

• Bond Issuance
  

  Debt issuance is a financing solution for a medium- term or long- term period.

• Issue Administration
  

  Česká spořitelna offers administration services for securities issued in material as well as book-entry form, with fixed or floating interest rates, various maturities and various investor structures.

• Dividend Payments and Other Security Proceeds Payments
  

  Česká spořitelna provides services related to dividends, mutual funds proceeds, as well as pension funds benefits or other types of payments.

• Working Capital Financing
  • Overdraft Facility
    

    Overdraft Facility to cover short- term working capital financing needs. The overdraft limit is provided to current accounts in local or key foreign currencies. The facility is used flexibly with a possibility of daily draw- downs and/or repayments up to the total limit available. A common maturity is one year with an option for further prolongation.

  • Short Term Loan
    

    Short Term Loan/ Short- Term Advances are used for financing of short term and medium term working capital requirements in the local currency as well as key foreign currencies. There may be a single draw- down or multiple draw downs (non revolving or revolving) allowed for different interest periods (Advances). The terms of draw – down and repayment and the interest rate periods are agreed in advance.

  • Credit Line
    

    Credit Line can be used to finance working capital needs as a combination of an overdraft facility and the short- term advances.

  • Multipurpose Line
    

    Multi-purpose Line – a versatile facility combining an overdraft and short-term advances with other products such as Letters of Credit and bank guarantees. The Multi-purpose line is available in the local or key foreign currencies and is used to finance working capital needs.

• Financing of Investments
  • Investment Loan
    

    Investmement loan for commercial clients - financing of mid- and longterm financial needs (properties, technology, etc.).

  • Project Finance, Structured Financing, Syndicated Lending
    

    Syndicated lending, structured and project financing are primarily used for large investment transactions with medium- term or long- term maturities and are aimed at Top – Tier Corporations. The financing terms and conditions are agreed individually.

• Trade Finance
  • Received Bank Guarantees
    

    Received Bank Guarantees.

  • Account Receivables Financing
    

    Česká spořitelna offers a short- term and medium- term, exceptionally long- term financing of local or exporters accounts receivables (A/R) with deferred maturity.

  • Trade Financing
    

    Trade Financing is financing of manufacturing and subsequent accounts receivables (A/R) based on an already existing trade agreement.

  • Forfeiting
    

    Česká spořitelna offers forfeiting as an effective method of export and domestic receivables financing.

  • Assignment of Receivable under Letter of Credit (L/C Forfeiting)
    

    Assignment of receivable under Letter of Credit (L/C) is a financing solution for exporters. The bank forfeits a receivable under an deferred- payment L/C without recourse to the assignor (L/C beneficiary).

  • Pre-export Financing
    

    A pre- export loan is offered to finance export production.

  • Export Financing
    

    Export financing products are designed to support export activities in unstable regions.

  • Structured Financing of Trade Projects
    

    Česká spořitelna offers individual solution of financing local and export agreements by using wide range of its products together with governmental or foreign subsidies.