Foreign currency transactions

Transactions in a foreign currency in the international practice

The CB "COMERŢBANK" JSC gives to clients the opportunity to carry out transactions in a foreign currency using the payment orders in a foreign currency, that is one of the most simple and widespread forms in international payments.

The wide correspondent network provides a fast execution of payments in a foreign currency in any country of the world.

For the execution of the payment order in a foreign currency it is necessary to specify:

• The payer's data ( name, legal address,  fiscal code, number of the account),
• The sum of translation (in figures and letters),
• The name of the bank of the recipient (it is necessary to specify the SWIFT code and also the I-ban),
• The intermediary Bank,
• The number of the account and the name of the recipient,
• The purpose of payment (the contract /  the invoice which is the basis of the payment, and also the name of goods / services which are paid for).

Money resources in a foreign currency are received on the account of the client through the SWIFT system, and are entered on the client's account  within the operational day.

To be sure that money resources in currency have reached the recipient without delays it is very important  to indicate correctly the bank data.

To receive money resources from abroad, it is necessary to notify the sender on the following information:

• The name and number of the account of the recipient,
• The Bank's SWIFT Code - (CMTBMD2X),
• The name the correspondent Bank - CB "COMERŢBANK" JSC,
• The number of the account of CB "COMERŢBANK" JSC in the correspondent bank .

Operations on purchase / sale of a foreign currency.

The bank carries out the sale/purchase operations of a foreign currency for moldovian lei or other currency.

For this purpose the client should fill in the application for the purchase / sale of currency.

At filling the application it is necessary to specify the following:

• The data of the buyer of foreign currency  (name of the buyer, the legal address, fiscal code, number of the account);
• The purpose of purchasing currency (to specify the contract, the invoice, other documents and the name of goods / services);
• To specify the foreign currency necessary to the client to purchase / sale.

The application should be signed, and correspond to the samples of the signatures kept in the bank.

The rate of exchange is established daily and can vary depending on the market conditions. The rate can be negotiated, depending on the sum of the foreign currency.

Purchase / sale of currency can be carried out with the value date: "today", "tomorrow", "spot".

Contact phone: (+373 22) 20-83-15, 60-10-65