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Correspondent Relations

Garant-Invest Commercial Bank offers services for opening and maintenance correspondent accounts with flexible rates, both in rubles and foreign currency.

The Bank offers the following services for correspondent accounts:

• opening and servicing correspondent accounts in rubles and foreign currency free of charge;
• money crediting with the application of the Bank’s correspondent account value date;
• issuance of an account statement not later than 11-00 Moscow time;
• free issuance of statements on a real time basis;
• effectuation of the respondent banks’ urgent payment orders;
• competitive tariffs for conducting correspondent account operations;
• counseling on how to draw up an invoice document in accordance with the Russian currency exchange regulations and the instructions of the Bank of Russia;
• interest accrual on the average monthly debit account balance (at the end of the month);
• the placement of temporarily surplus funds on the correspondent account (‘trigger balance’);
• services for documentary operations: documentary credit operations and bank guarantees transactions;
• extended trading day (Russian rubles – until 17:00, US dollars – until 16:00, other currencies – until 13:00);
• a possibility to use any convenient form of telecommunication (S.W.I.F.T., TELEX, «Bank-Client»);
• ultimate openness, rapid reporting on the Bank’s current financial situation;
• individual approach and quality service.