Bank Credit Dnipro has introduced progressive instruments for hedging currency risks. Now Ukrainian companies can execute forward contracts with fixing the exchange rate in the future for export and import of goods, services, as well as for loan agreements to raise funds from non-residents or banks.
The main advantages of forward operations are the ability to hedge changes in the exchange rate and minimize risks from fluctuations in the exchange rate on the domestic and international markets; optimization of planning of financial flows and guarantee of the fulfillment of the financial budget; no need to use working capital, etc.
“Forward transactions are a significant step that brings Ukrainian business closer to the best international standards. Statistics show that the volume of transactions with day-to-day settlements in the global foreign exchange market is significantly inferior to the volume of transactions using hedging instruments, ”said Oksana Shveda, Deputy Chairman of the Management Board.
It is important that, depending on the objectives of hedging, various instruments and strategies are used to minimize currency risks. So, the hedging period is unlimited - there is even an opportunity to insure the exchange rate for 1 business day, the currency in accordance with the company's foreign economic transaction - there are no restrictions on currency classification.
It should also be noted that this financial instrument is the easiest to use for clients. To learn more about the terms of currency risk hedging instruments at Credit Dnepr Bank, please follow the link: https://creditdnepr.com.ua/ru/hedgirovanie
Credit Dnipro Bank is one of the TOP-20 financial institutions in Ukraine in terms of gross assets and according to the classification of the National Bank of Ukraine is in the group of banks with private capital. As of November 1, 2020, the bank's assets amount to UAH 10,955 million, the authorized capital is UAH 1,280 million.