BM-BANK JOINT-STOCK COMPANY Published 02.06.15
The Bank of Moscow introduces a new technology for placement of funds to short-term and overnight deposits. In addition to simplifying the process of placement of funds to deposits, the new technology provides legal entities and individual entrepreneurs with a number of additional opportunities.
Now, the transfer of funds to a deposit is possible without a payment order (based on a payment document, drawn up by the Bank in the name and on behalf of the client, in case of conclusion of an additional agreement to a settlement and cash services contract). In addition, it became possible to place funds "tomorrow" (after procedural time, set in the Master Agreement), subject to approval of new parameters of a transaction. And in order to view Overnight deposits (subject to opening not more than one transaction per day) only one balance account is required.
In order to take advantage of this introduced technology, a new client needs to contact the Bank and sign a Master Agreement, while an existing client is offered to sign an additional agreement to its existing Master Agreement.
For today the Overnight deposit is the most popular deposit among the Bank's corporate clients in Moscow. It allows to place free funds in roubles (for one working day) at high interest rates, a minimum deposit amount per day is 1 million roubles.
"The introduction of new technologies of funds placement enhances our corporate clients ability on liquidity management and creates more comfortable environment for interaction with the Bank," commented Andrey Vozmilov, the Vice President - the Director of Corporate Business Coordination Department of the Bank of Moscow. "It is really important for us that small and medium-sized businesses are choosing the Bank of Moscow as their financial partner. We hope that our clients will appreciate the benefits of new technology."
Contact info:
Press office of the Bank of Moscow:
Tel.: +7 (495) 624-74-40
E-mail: pr@mmbank.ru
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