Foreign exchange transactions

A customer of our bank who is a non-resident of the Republic of Belarus can execute foreign exchange transactions in the OTC market (when the customer concludes a deal with BPS-Sberbank directly)

For reference

Non-residents are:

  • ...legal entities established in accordance with the legislation of foreign countries, residing outside the Republic of Belarus, as well as their branches and representative offices located in the Republic of Belarus and abroad;
  • organizations that are not legal entities, are established in accordance with the legislation of foreign countries residing outside of the Republic of Belarus, as well as their branches and representative offices located in the Republic of Belarus and abroad;
  • diplomatic and other official representations, consulates of foreign countries located in the Republic of Belarus and abroad;
  • international organizations, their branches and representative offices;
  • foreign countries and their administrative units participating in relations regulated by foreign exchange legislation of the Republic of Belarus...

(Extract from the Law of the Republic of Belarus dated 22.07.2003 No. 226-З (revised on 12.07.2013) «On foreign exchange regulation and control»)

In order to enable foreign exchange operations through BPS-Sberbank, please:
  1. read the Terms of execution of foreign exchange operations in BPS-Sberbank;
  2. read the Terms of submission of documents and transfer of funds upon execution of foreign exchange operations
  3. fill in and submit to the bank an application with consent to the Terms of execution of foreign exchange operations in BPS-Sberbank

It should be noted that for quicker agreement of the terms of conversion transactions in the OTC market between the bank and the customer, BPS-Sberbank provides the automated electronic trading system ‘SavEx’. The system allows to obtain real-time information about exchange rates of various currency pairs, view tables with market data, agree material terms of transactions with the bank (subject of transaction (purchase/sale/conversion), make of the traded currency and counter currency, amount (volume) and exchange rate (price) of the transaction).

In order to use this system, the customer shall conclude the agreement on banking service with the use of the automated electronic trading system ‘SavEx’ with the bank .

Please note that all documents shall be submitted to the bank in one of the state languages — Belarusian or Russian.