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.
Main / Financial Institutions /
Correspondent relations
Principal criterion of the Bank’s activity in the sphere of correspondent relations is considered to be reliability of settlement.
When conducting transactions in foreign currency Russian International Bank uses accounts only with the reputable foreign banks such as DEUTSCHE BANK TRUST COMPANY AMERICAS, New York; DEUTSCHE BANK AG Frf/M, COMERZBANK AG Frf/M, Hypo–Vereinsbank AG. All payment orders in Russian rubles transferred from the clients and contracting parties of the banks are processed only by the settlement and cash network of the Bank of Russia.
Russian International Bank opens accounts in rubles, US dollars and Euro for the bank–correspondents and renders the following services:
- free opening/closing and servicing the accounts;
- free issuing of statements of accounts;
- free messages on funds crediting;
- free interbank transfers;
- individual approach;
- competitive terms of international settlements;
- using any type of telecommunications.
The Bank executes orders of the correspondent on the current banking day:
- when transferring to accounts opened with the Bank (internal payments) if it was delivered before 5:00 p.m. Moscow time;
- when transferring to accounts in other banks of Moscow and Moscow region and interregional electronic funds transfers if it was delivered before 4:00 p.m. Moscow time.
