The Trading Desk trades in domestic and international capital markets, relying on the latest infrastructure and the use of advanced technology.
Fixed Income Desk
The Fixed Income Desk trades in domestic and international capital markets, relying on the latest infrastructure and the use of advanced technology.
In the Croatian market it has the role of a market maker in respect of all domestic issues of government securities.
It also manages the trading portfolio of PBZ and trades securities in the name and for the account of PBZ.
The Desk is an active participant in the primary and secondary markets for domestic government and corporate securities. It performs repo transactions involving long-term securities and other types of securities transactions.
- Domestic and foreign government bonds (denominated in HRK or foreign currency)
- Commercial papers
- Corporate bonds
- Municipal bonds
The Desk engages in securities transactions on the Zagreb Stock Exchange (ZSE) and manages the portfolio for the account of PBZ.
A repurchase agreement (repo) refers to a purchase/sale of securities with a commitment to sell back/repurchase the same securities on a pre-defined date, at a pre-defined interest rate being set for such borrowing. Repo transactions typically have maturities of up to one year, and the securities serve as collateral. The value of the securities used as collateral is generally a few percentage points higher than the amount of money being borrowed.
In repo transactions it is not necessary to liquidate the securities position in order to obtain cash.
FX & Banknote Desk
FX & Banknote Desk
The FX Desk trades extensively in the local and international forex markets, using the latest technology. In the local forex market it is a leading market maker. The Desk manages the Bank's foreign exchange position and handles the Bank's exposure to currency risk.
Depending on market developments, it may take a long or short position. It may also take a speculative position for the purpose of better management of excess liquidity.
Banknote trading refers to the arranging of foreign & local currency cash sales and purchases, as needed by the Bank, for the purpose of maintaining the optimum quantity of cash in the Bank vaults across the country. We provide the service of cash delivery and/or cash collection, involving either the local or foreign currency cash, also to other banks in Croatia and abroad. In addition, to the authorised exchange offices which are contractual partners of PBZ, we can offer purchases of foreign currency cash at a more favourable exchange rate.
- FX Spot
- FX Forward