Contacts
32A, Khoroshevskoye highway,123007, Moscow
Russia
Tel: +7 (495) 721-3399
+7 (495) 974-3648
+7 (495) 974-3551
Fax: +7 (495) 974-3453
Forex
+7 (495) 974-2846
It is the market of interbank conversion transactions, whose participants perform transactions on purchase and sale of foreign currency for Russian rubles on its own behalf and on behalf of a client.
Upon the bank’s request, the exchange operations broker for a few seconds will offer quotations to a bank’s dealer for interested volume of foreign currency with a minimum spreads. Spread on quotations on the Premex platform is often less than in "glass" (SALT) MICEX. Often a broker in platform can offer also a «choice», i.e. quote with the same price for buying and selling.
The range of banks entering into transactions in the Premeh currency platform is very broad: among them the largest Russian players and foreign banks, as well as medium and small banks with foreign exchange licenses.
Information services are provided both by telephone and using the Reuters and Bloomberg systems.
It should be noted that all brokers have an extensive experience in this segment - from 5 to 10 years.
Traded instruments:
Fx spot:
- Tod (Engl. “Today”) is purchase and sale of foreign currency for Russian roubles with settlement term on the date of the transaction, "tomorrow"
- Tom (Engl. “Tomorrow”) is purchase and sale of foreign currency for Russian roubles with settlement term on the day following the date of transaction, "tomorrow"
- Spot is purchase and sale of foreign currency for RUR with a term of calculations on the second day after the transaction
Swap:
- o/n (Engl. “Overnight”) is a deal on simultaneous purchase and sale or sale and purchase of foreign currency for rubles, made in order to control internal Client’s liquidity with settlement for the first part of transaction (purchase or sale) on the date of transaction – “today", as well as with settlement for the second part (sale or purchase, respectively) on the next day - "tomorrow"
- t/n (Engl. “Tomorrow/next”) is the same but with settlement “tomorrow” and "day after"
- s/n (Engl. “Spot/next”) – settlements occur on the 2nd (“day after”) and 3rd days following the date of transaction
