Exchange Rates

24/10/2016  Buy Sell
CZK 27.7010  26.3490 
USD 1.1150  1.0600 
Full exchange rates list

Investor categories in detail

"Retail customers" investor category

This category comprises all customers categorised as neither eligible counterparties nor professional customers. It is irrelevant in this context whether these persons are natural or legal persons and whether the assets to be invested are private or business assets. Hence, a company may also be classified as a retail customer.

"Retail customers" enjoy the full protection of the conduct of business regime set forth in the Directive of European Parliament and Council 2004/39/ES on Markets in Financial Instruments

This includes: 

  • The right to comprehensive information regarding planned transactions in financial instruments and the company executing them, in this case UniCredit Bank Czech Republic and Slovakia, a.s., pobočka zahraničnej banky
  • Transparency with regard to the costs of services offered. 
  • Advising the customer and assessing the suitability and appropriateness of a financial instrument for the customer.
  • Information regarding the opportunities and risks of financial instruments.
  • Best possible execution of customer orders (Execution Policy).
  • Disclosure of conflicts of customer interests with bank interests.

"Professional customers" investor category

"Professional customers" are customers who possess the experience, knowledge and expertise to make their own investment decisions and properly assess the risks involved.

Customers considered to be professionals include:

  • Large undertakings meeting at least two of the following requirements:
    • Balance sheet total of at least EUR 20 million.
    • Net turnover of at least EUR 40 million.
    • Own funds of at least EUR 2 million.
  • National and regional governments, public bodies that manage public debt.
  • Institutional investors whose main activity is to invest in financial instruments.

"Professional customers" are deemed to possess the necessary knowledge and experience. The bank is therefore not required to determine, by means of an enquiry, whether the customer understands the risks involved in the intended transaction. However, an "abbreviated investor profile" regarding the customer’s investment goals and risk appetite must be drawn up for “professional customers”, too, if the customer wishes to enter into a written asset management agreement or if a specific financial instrument is recommended within the context of providing investment advice.

"Eligible counterparties" investor category

This category may include, among others, the following undertakings with activities in the financial services sector:

  • Credit institutions (incl. central banks).
  • Investment firms.
  • Insurance companies (excluding social insurance institutions).
  • Mutual fund companies.
  • Pension funds and their management companies.
  • Securities and commodity futures exchanges.