FX Transactions

Auctions in foreign currencies:

• The Bank performs, on behalf of the customers, operations of selling/buying of foreign currency on the inter-banking foreign currency market.
• For selling/buying of foreign currencies on the interbanking market, the customer fills in a FX buying/selling order for foreign exchange.
• The participation in the interbanking foreign exchange market is done according to the BNR Regulation.

Foreign currencies payments:

• The customer can order transfers in foreign currencies to: (1) other bank's customers, situation when the transfer can be made instantly, or (2) to customers of other banks, in Romania or abroad, case in which the transfer is made through SWIFT.
• The bank's customer, as the one ordering the payment, fills in an EPD form (external payment disposition).
• The bank of the beneficiary has to credit its account after one banking day, if the payment is ordered in USD or in two banking days for any other foreign currency.
• Upon request, the transfers in foreign currencies can be done faster than the standard terms, based on urgent payment instructions.
• The payments in foreign currencies are done according to the BNR Regulations.
• Commercial foreign currency cheques Credit Europe Bank (Romania) SA offers to its SME customers commercial cheques, as a FX payment instrument.

Encashment in foreign currencies:

For encashment in foreign currencies from non-residents, the resident customers have to fill in the Declaration for external encashment.