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Trading Deposit Bill of Exchange

A bill of exchange to increase the value of your available funds.

A Trading Deposit Bill of Exchange is intended for:

  • natural persons
  • corporate entities
  • Czech nationals and foreigners
  • clients who meet the requirements for the minimum deposit and who demand higher appreciation of their deposited funds

Characteristics of a Trading Deposit Bill of Exchange:

  • a Trading Deposit Bill of Exchange offers depositing of free funds subject to very favourable interest conditions derived directly from the current prices on the interbank market
  • the Trading Deposit Bill of Exchange is a non-transferable bill of exchange with a maturity of 1 day to 12 months, which is issued in Czech crowns and in certain foreign currencies
  • the issuer of the bill of exchange is KB, and the note remains in safekeeping there, which allows the bank to perform automatic presentation and subsequent settlement of the note on the maturity date
  • the client can arrange this transaction either with an Investment Banking dealer or via the KB eTrading service

The table shows the most important differences according to the method of arrangement:

Method of arrangement: Dealer KB eTrading
Communication: By telephone Via the Internet
Min. transaction amount: CZK 5 million or the equivalent in a foreign currency CZK 5 million or the equivalent in a foreign currency
Transaction confirmation: The client receives confirmation with the transaction parameters by fax / electronic courier The application archives the parameters of concluded transactions

Risk

  • A transaction with a Trading Deposit Bill of Exchange could have certain tax implications, for example, in the area of value added tax (but not solely in this area).
  • We recommend that you consult tax matters with your tax adviser.

Advantages of a Trading Deposit Bill of Exchange

  • assessment of your free funds for very favourable terms and conditions
  • the bill of exchange remains in the safekeeping of the bank, allows the bank to perform automatic presentation and subsequent settlement of the note on the maturity date
  • the transaction can be arranged via telephone either with an Investment Banking dealer or via the Internet using the KB eTrading service
  • at Komerční banka, a team of experienced professionals is at your disposal; they will propose the optimum strategy and are able to respond flexibly to market developments

A Trading Bill of Exchange will allow you to:

  • appreciate available funds under very favourable terms and conditions subject to current price developments on the interbank market

How to get a Trading Deposit Bill of Exchange?

  • contact your relationship manager
  • call the toll-free KB Info line on 800 521 521

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