Bank Petrocommerce is one of the major market makers forming pricing benchmarks on the Russian financial market.
The Bank performs deposit and conversion operations with a huge number of Russian and foreign banks. Leading international and Russian banks have established credit lines for Bank Petrocommerce thus ensuring a large volume of interbank market operations.
Conversion Operations
The Bank carries out conversion operations with all the main hard and soft currencies:
Forward and Futures Operations
With the view of expansion of the range of services and operations, Bank Petrocommerce provides its clients with various forward and futures instruments for the main hard currencies with value dates from SPOT/NEXT to 1 year. The majority of transactions is performed with such currency instruments as deliverable and settlement forwards and futures.
The Bank has extensive expertise in this area and has been carrying out forward and futures operations since 2007.
Deposits
The Bank offers different schemes of mutually beneficial cooperation to its corporate clients:
- Raising/placement of funds denominated in Russian roubles and hard currencies at the interbank market rates
- Bilateral quotations of the main financial instruments (O/N, DEPO up to 1 month, T/N, SWAP)
Deals on the interbank market are made with counterparty banks over the phone and REUTERS.