This information is not exhaustive and does not constitute a binding offer under the Act V of 2013 on the Civil Code. For more details, please visit our website (www.mbhbank.hu) or call our contact center. The development of product related content is under construction.

Global Markets services

Our treasury services can be used to manage your business's exchange rate and interest rate risks, and enable our customers to achieve significantly more favorable interest rates on both the deposit and loan sides.

Foreign currency conversion, individual exchange rate

Individual exchange rate

The individual exchange rate is the foreign currency conversion rate quoted by Treasury dealers based on current foreign exchange market rates.

  • The conversion value date may be T, T+1 and T+2.
  • Transactions from EUR 50,000 or equivalent in another foreign currency.

Netbankár

Convenient foreign currency conversion with individual exchange rates available without a master agreement (for previously BB and MKB customers).

  • From the limit amount of EUR 1,000 or equivalent in another foreign currency.
  • T-day settlement.

MOT - MBH Online Trader

A professional online platform available to previously BB and MKB customers for individual exchange rate conversions and forward currency transactions.

  • Limit amount: EUR 10,000 – EUR 250,000
  • You can continuously monitor market exchange rate developments.

Exchange rate risk management

FX Forward

If you would like to protect your future currency transactions from exchange rate fluctuations, this is the most suitable product for you.

  • Minimum transaction amount: EUR 50,000 or equivalent in another foreign currency.
  • The exchange rate risk can be completely eliminated.

Foreign currency exchange rate option

Entry into the world of advanced foreign currency market products, providing protection against unfavourable exchange rate movements with the possibility to enjoy the benefits of a favourable one.

  • If you expect a more favourable exchange rate but do not want to compromise on security.
  • When the existence of exchange rate risk is uncertain.

Zero-cost option

The zero-cost option is a complex option instrument that allows the customer to limit their exchange rate risk to a predetermined exchange rate range.

  • Provides protection against unfavourable exchange rate movements.
  • Cost-free instrument.

Knock-out Forward Transaction

You can conclude a transaction at a more favourable rate than the normal forward rate, but the transaction will be terminated if certain conditions are met, ⁣⁣so the product is suitable for hedging portfolio.

  • The structure ceases to exist when the knock-out level is reached.
  • The product can also be purchased as a strip of maturities.

Participating Forward Transaction

If you are satisfied with a level that is less favourable than a simple forward exchange rate, you can benefit from favourable exchange rate movements with half of the hedged amount, without any restrictions.

  • You expect a significant improvement in the exchange rate, but you do not want to pay the costs associated with the option transaction.
  • The minimum amount is double that of a plain option transaction.

Investments

Bonds

Take advantage of the performance of companies or secure investment opportunities offered by the government through securities.

  • Opening a securities account required.
  • Bonds are also available to suit different risk appetites.

Dual currency deposit

At maturity, the bank may convert the fixed amount into another currency at a predetermined exchange rate, allowing you to earn a higher interest rate than on a normal deposit.

  • From at least EUR 50,000
  • Can be used for both HUF and foreign currency deposits.

Interest rate risk management

Interest rate wap

You can fix your floating-rate loan, eliminating the risk posed by rising interest rates.

  • The interest rate swap is adjusted to the decreasing principal amount, i.e. it is amortised together with the loan.
  • May also be suitable to secure the return on certain investmenst.

Cross currency interest swap

If you cannot obtain the most favourable financing in the foreign currency corresponding to your income, you can use a cross-currency interest rate swap to completely convert the foreign currency of your interest and principal repayments.

  • You can flexibly choose whether you want to pay interest and principal on a fixed or variable interest rate basis.
  • Significantly broadens the scope for favourable, even subsidised financing sources.

More information

EMIR, MiFID notice

Foreign currency settlement holidays

Contact our dealers.

If you are interested in our products or would like to request a quote, please contact our dealers at the phone numbers provided.
Please note that all conversations on the phone numbers provided here will be recorded.

Find a dealer

Terms and conditions of dealing, practical information

The following lists are for informational purposes only and do not contain the terms and conditions of specific transactions (such as minimum transaction sizes or availability of collateral).

General conditions of dealing

Netbank individual exchange rate

  • No separate contract required
  • Accounts in the foreign currencies involved
  • Netbank (Netbankár, Netbankár Business, PC Bankár) access

Individual exchange rate (phone and MBH Online Trader)

  • Treasury master agreement
  • Authorised dealers (annex to master agreement)
  • Password (annex to framework agreement)
  • Supplement to MBH Online Trader (annex to framework agreement)

Forward foreign currency (phone and MBH Online Trader) and other derivative exchange rate and interest rate transactions (phone)

  • Treasury master agreement
  • Authorised dealers (annex to master agreement)
  • Password (annex to framework agreement)
  • Treasury limit
  • Supplement to MBH Online Trader (annex to framework agreement)
  • Valid LEI code
  • MIFID test compliance in the exchange rate and interest rate derivatives product range
  • Declarations, in particular regarding web-based information and subsequent receipt of the declaration of suitability

Securities transactions

  • Securities account
  • Password
  • LEI code
  • MIFID test compliance for the product range corresponding to the securities involved

Contracting process
  • Master agreements, related annexes (dealers, passwords, online trader supplements, etc.), declarations and the completion of the MIFID test can be handled by the corporate contact person.
  • Our customer can request the LEI code on any online LEI code provider website.
  • It is advisable to consult with your dealer and corporate contact person regarding the treasury limit required for derivative transactions and the limit is set by the corporate department.

Confirmations
  • You can find information about Netbankár conversions in your account history and account statement.
  • Individual exchange rate and derivative transactions, securities transactions – confirmations can be found on the Netbankár interface; if you do not have Netbankár, the bank will send the confirmation by post.

Dealing time periods
  • Netbankár conversion: M-F 8.00 – 17.00
  • MBH Online Trader: M-Th 8.00 - 17.15 F: 8.00 - 16.30
  • Dealing hy phone: M-F 8.00 - 17.15

Frequently Asked Questions

For foreign currency transactions, am I required to have accounts in both foreign currencies?

Not required. You must have an account in one of the currencies of the transaction (conversion or derivative transaction). In the event of delivery of conversion and derivative transactions, you may also request that the Bank not execute the transaction to your own account by means of a transfer order. If you close a derivative transaction with an offsetting transaction, it is also sufficient to have an account in one of the foreign currencies for settlement purposes. However, the most common and convenient option is for our customers to have accounts in both foreign currencies.

Is it only worth doing business with my own dealer?

It is advisable to conduct most consultations, negotiations, and risk management method development with your own dealer. However, you can safely conduct the actual transaction with any of our dealers; we do not recommend waiting, as this may result in exchange rate fluctuations.

How do I know who my dealer is?

In MBH Bank's Treasury team, individual dealers work closely with specific business areas, thus, dealer is determined by which Corporate Relationship Manager our Customer is in contact with.

Legal information

This information is not comprehensive and does not constitute either an offer under the Section 6:64 of the Civil Code, or investment or tax consultancy. Before entering into any transaction, please ensure that you fully understand the product, the potential risks and benefits, so that you can make an informed investment decision based on all relevant information.