Money Market

Money market concepts 

A financial market is a market in which people and entities can trade financial securities, commodities, and other fungible items of value at low transaction costs and at prices that reflect supply and demand. Securities include stocks and bonds, and commodities include precious metals or agricultural goods.

As money became a commodity, the money market became a component of the financial markets for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less.

Trading in the money markets is done over the counter and is wholesale. Various instruments exist, such as Treasury bills, commercial paper, bankers' acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage, and asset-backed securities.It provides liquidity funding for the global financial system.

Money markets and capital markets are parts of financial markets. The instruments bear differing maturities, currencies, credit risks, and structure.

 

FX-Foreign Exchange

Treasury Department at UBA Bank, is in charge to manage the open foreign exchange positions arising from the activity of the Bank and provides quotes for foreign exchange transactions requested by clients of the bank.

Foreign Exchange Spot Transaction, covers the exchange of two currencies at an agreed exchange rate for cash delivery usually up to two business days after the date of the agreement.

For more information, you are kindly invited to look through our daily FX rates table:

Last updated: 14/11/2019

RATES AGAINST LEK
  USD EUR GBP TRY
BUYING 109.41 121.15 141.47 18.71
SELLING 113.41 124.15 145.07 19.91

CROSS RATES
  EUR/USD EUR/GBP GBP/USD EUR/TRY
BUYING 1.0809 0.8373 1.2642 6.0834
SELLING 1.1259 0.8773 1.3042 6.6337

 

Correspodents Banks

THE TABLE BELOW PRESENTS THE LIST OF MAIN CORRESPONDENTS FOR COMMERCIAL TRANSACTIONS WITH UBA BANK.

BANK NAME

CURRENCY

ACCOUNT NUMBER

RAIFFEISEN ZENTRALBANK

USD

IBAN: AT703100007055023246

VIENNA - AUSTRIA

Euro

IBAN: AT943100000055023246

Swift Code: RZBAATWW

   
     

BANKA E SHQIPERISE

ALL

Nr. i llogarise: 2221043L

TIRANE-ALBANIA

   

Swift Code: STANALTR

   
     

FAISAL ISLAMIC BANK OF EGYPT

USD

221803/01

CAIRO – EGYPT

Euro

221803/01

Swift Code: FIEGEGCX

   
     

KT BANK

Euro

DE17502345000300010020

GERMANY - AG FRANKFURT

 

 

Swift Code: KTAGDEFF

   

 

Address

Adress: Rr. “Dritan Hoxha”,
Nd. 11, H. 3, Njesia Bashkiake Nr.7,
Postal Code 1023, PO Box 128,
Tirana,
E-mail: info@uba.com.al

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