The right to buy and accept a share (option) is a security which represents the right of its holder either to exercise or not exercise a transaction at a certain date. In the case of a call option this means the right to buy or accept a share. The counterparty is obliged to realise the trade should the other party wish it.
Characterises the risk of a bank having inadequate capital reserves in view of the risks it is undergoing.
Current ČNB (Czech National Bank) and BIS regulations define capital adequacy as the ratio between capital and risk-weighted assets.
When capitalising, i.e. when a company uses its own funds to increase its registered capital, new shares are created, without the company gaining new funds. During the course of this procedure shares are created by the transformation of past years’ retained profit. Essentially, this is merely an accounting procedure. The retained profit account in the balance sheet is reduced by the nominal value of the issued shares while the company’s registered capital account is increased by the same amount. Subsequently, the company divides these additional shares among its shareholders in proportion to the number of shares held by each shareholder.
Due to important, mostly security reasons, Komerční banka is authorized to block a payment card. KB shall immediately inform the client about blocking the card and upon agreement, in case the security threat has past, the card is re-activated or entered into the Stoplist and a new card is issued.
Is an international association providing license to the Bank for issuing and using payment cards, e.g., VISA or MasterCard.
A card duplicate is issued only if the payment card is damaged (damaged chip or magnetic stripe) or in case of a change (e.g., name). The card duplicate has the same properties as the original card, i.e., the card number and PIN remain the same.
In case of a card loss, immediately contact the nonstop KB Card Customer Service line at +420 955 512 230 and stoplist the card. In this way you can prevent card misuse and reduce possible losses.
To ensure maximum security of the payment card and transactions, please follow the rules for secure use of payment cards.
Cash withdrawal at a bank counter or exchange office marked with Visa or MasterCard logo using a payment card. In this type of transaction you will be asked to provide an identification document (ID, passport).
This service allows the customer to withdraw cash during a card payment via the payment terminal. The cash back service is intended for all MasterCard, Maestro, MasterCard Electronic, VISA, VISA Electron and V Pay payment cards issued in the Czech Republic.
This service is available only for card transactions exceeding the amount of 300 CZK. The maximum amount within the cash back service is 1500 CZK and the minimum amount is 1 CZK. The merchant does not pay any fee to the Bank from the cash amount paid within cash back. The cash back service must not be offered via mechanical imprinters, not even if the payment terminal is broken.
In addition to non-cash transactions and cash withdrawals, a debit card can also be used to deposit cash to the account for which it was issued using KB deposit ATMs. The amount is accounted to the account within several minutes and the money is therefore available almost immediately.
The Emergency Cash Advance service is offered as a part of emergency services provided to the cardholder and provides Emergency Cash up to the actual balance of your account (the maximum amount is 3,000 USD) via the nearest foreign bank - member of the MasterCard or VISA card association.
A payment card can be used for non-cash payments at points of sale, as well as to draw cash from the current or loan account. There are more ways to withdraw cash – from an ATM, at a bank counter or in an exchange office or using the Cash back service when paying in a shop.
A person, who participates in a repayment of an obligation (a loan or a credit).
By entering the order of “collection”, the owner of the account (the payer) gives the bank the account numbers of those entities which he/she permits, by collection, to debit his/her account. With SIPO collections, the client doesn’t need to notify these entities about entering an order for the collection.
A process for retrieving unauthorized or incorrect transactions made by a payment card. The bank is required to inform the client about the complaint procedure progress within 30 days of after its initiation.
A settlement of an existing loan or a credit by a new loan granted to the same entity.
Saving in a building society is a form of saving where a client deposits money to an account at a building society, for which interest is added annually (usually in the amount of 2%) together with a state subsidy.
After 24 months and after fulfilling further conditions determined by the building society, the client has a claim to a credit (usually with an interest rate of 3 – 5%). A credit can be provided by the building society and used by the participant only to finance his housing needs.
The building society can provide credits to the participant for covering the costs connected with his housing needs even in cases where the participant does not yet have a claim to receive the credit, and the building society can provide credit only up to the target savings amount.
Contactless payment does not require insertion of the card into the payment terminal - the payment is made by touching the terminal with the card. PIN is not required for transactions up to CZK 500; above this limit it is always necessary to confirm the payment by entering the correct PIN.
Is a Credit card with parameters adjusted to meet the needs of a company with a turnover over 60 mil. CZK.
Is both a loan and a payment card in one. It combines the advantages of a payment card and a nonpurpose loan, without having to draw your own financial resources (e.g., on your personal or company current account).
When using the card you draw financial resources of the bank available on your credit account up to the "credit limit".
The advantage of the credit card is the so-called "grace period" – up to 45 days, during which you do not have to pay interest from the drawn amount and you borrow money from the bank with zero interest, i.e., for free. If you do not use the grace period, you have to pay interest to the bank.
You can chose the "credit card repayment" method. The repaid amount increases the available part of the credit limit for drawing (so-called "revolving loan").
Credit card can be used to pay for goods or services in shops or to make on-line payments, both in the Czech Republic and abroad, to withdraw cash from ATMs, bank branches or exchange offices, or at points of sale using the Cash back service when using the card.
Credit cards offer other services, such as discount programs or travel insurance to payment cards.
All information about KB cards is available in the "Payment card guide".
The credit card is repaid by regular installments. The minimum monthly installment is 3%, 5% or 10% (depending on the type of credit card and contractual provisions) of the balance (i.e., the amount of drawn credit) as stated in the statement of the Account for credit card. This installment together with interest calculated for the given billing period is provided on the statement of the Account for credit card and is due always on the 25th day of the month in which you receive the statement. The credit card can be repaid also by exceptional installments. In such cases the installment must not exceed the current balance on the Account for credit card. If it does exceed the balance, the installment will not be accepted by the bank.
If you use the grace period, i.e., you pay the installment/exceptional installment in a total amount corresponding to the drawn credit as specified in the statement as of the 20th day of the month in which you receive the statement, then the regular minimum monthly installment inc. interest is forgiven.
The maximum credit volume that can be drawn by the client. The credit limit can be increased or decreased upon agreement. By choosing the credit, the creditor specifies the total sum of money available.
A person or an entity, which lent money.
The determination of the credit risk long-term instruments of companies (i.e. of debentures, credits and loans) is a complex process. It is not surprising that professional investors and investment counsellors try to find ways to simplify this process.
In the USA, where debt financing is a more important source of financing companies than, say, in the United Kingdom, there are a number of specialised companies which deal in ratings of individual debt instruments.
The most popular companies are Moody’s, Standard and Poor, and Fitch and Co. Ratings are assigned to the country, companies and certain debt issues.
Companies are rated according to their size, relative volume of debt to financing of its activity, and the share in the profit determined to finance the debt.
Also considered are factors of a qualitative character. With different companies these indices are included with different weighting, which can result in various ratings.
A payment card using the MojeKarta service with a custom picture (design), provided by the client, on the front side of the card. Rules for the custom design comply with Notice on MojeKarta design.
The charge function ensures automatic payment of the installment necessary to meet the condition of the grace period, i.e., the last business day before the 21st day of the month the amount is automatically charged from your current account in KB to the credit account for your credit card. This function also takes into consideration the fact that from the bill date on which you are offered the grace period one or more exceptional installments were charged to your credit account. In such case, an amount reduced by the exceptional installment/installments is transferred to the credit account. This is possible only if sufficient financial resources are available on your current account.
This function may be arranged for selected credit cards only under the condition you have a current account in KB and automatic repayment is set up by transfer from this current account.