Erste Bank is an active participant in the interbank market in which it buys and sells local and foreign funds, because of which it can always offer market prices and more efficient operations to its customers.
Treasury Division is one of the most important parts of the Bank, whose main role is the maintenance of bank liquidity and, in accordance with contemporary business trends as well as Erste Group's business standards, the Treasury Division organisationally consists of two departments:
- Trading Department
- Middle Office Department
Trading Department is organised by desks, which are responsible for the following financial markets:
- Foreign exchange market
- Money Market
- Securities market
FX Spot
FX Spot is the purchase of one currency with another at an agreed price and with the execution date of up to two working days after concluding the agreement.
Covered forward
Covered forward is a transaction in which the Bank and the customer formally conclude a transaction defining/fixing the exchange rate at which the Bank sells the customer foreign currency that they may use for payment for their future liabilities in a period not shorter than two days and not longer than one year from the transaction conclusion, with the customer being obliged to provide dinar coverage for the purchased foreign currency on the agreement date.
Indexed deposit
Indexed deposit, as an instrument for preserving the value of the dinar deposit principal, consists of linking the principal of the deposit to the EUR/RSD middle rate as of the deposit date. On the deposit return date, dinar principal in the same EUR equivalent as on the deposit date is repaid to the customer.
Contacts
Filip Jelić
Manager, Treasury Division
Phone: +381 (0) 201-5054
E-mail: filip.jelic@erstebank.rs
Srđan Tomašević
Manager, Trading Department
Phone: +381 (0) 220-9116
E-mail: srdjan.tomasevic@erstebank.rs
Vladimir Vulević
Manager, Middle Office Department
Phone: +381 (0) 201-5050
E-mail: vladimir.vulevic@erstebank.rs
