Stock exchange is a cooperation which provides trading facilities for stock brokers and traders to trade stock and other securities. In the Russian empire with the initiative of Peter I in 1703, the Petersburg general stock exchange was established. It performed all monetary exchange in the Russian empire.
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Conversion and interbank transactions
Russian International Bank conducts transactions with contracting parties in the interbank market to attract and place interbank credits in all main world currencies:
- within fixed bank limits;
- within fixed covered limits against the following securities:
- government securities nominated in rubles and currency;li>
- corporate securities nominated in rubles and currency;
- bank and corporate notes (own notes of RIB are preferred).
The bank is an active participant of the currency market as well as a member of currency section of Moscow Interbank Currency Exchange, accessing to the fixed-term contract market in Russia and USA, Russian International Bank affords opportunity to contracting parties to conduct conversion transactions in all main world currency pairs.
The bank has sufficient limits for conversion transactions from the leading participants of currency market both in Russia and outside, Russian International Bank enforces conclusion of conversion transactions on the best quote basis of the international currency market on-line.
Russian International Bank offers the following range of services for the corresponding banks and contracting banks:
- purchase/sale of freely convertible currencies, currency of CIS countries in the interbank market within fixed blank or mortgage limits;
- conclusion of conversion transactions subject to conditions of “Split Value” or to early cover without fixed limit;
- conclusion of forward transactions in USD/RUB market;
- access to the fixed-term contract market in the main world currencies in Chicago Mercantile Exchange.
