Available investment vehicles

This instrument pays a high fixed return in the invested currency. Capital repayment is linked to the currency pair’s (e.g. EUR/HUF) exchange rate at the end of the term. In the case of foreign currency deposit, the investor will get back the capital amount in the original currency if the EUR/HUF exchange rate stays below the conditional exchange rate on the day preceding the maturity date. In the case of forint deposit, the investor will get back the capital amount in the original currency if the EUR/HUF exchange rate stays above the conditional exchange rate on the day preceding the maturity date. The fixed return is always paid in the initial currency.

Concorde Securities Ltd. allows individual (so called ‘market rate’) conversions, where the value date is the third banking day following the transaction. Treasury will buy or sell the amount that the client wants to convert in the interbank market without delay, and will quote a price for the client accordingly. The minimum amount for individual conversions is EUR 20,000, or an equivalent amount in another currency. It is also possible to place an order. By giving a firm order, clients can instruct Concorde Securities to perform the conversion at an exchange rate that is better than the current market rate if the exchange rate reaches that specified level before the order expires. Firm orders remain valid until a given date and time, or until revocation. By giving a call order, clients can instruct Concorde Securities Plc. to notify them when the exchange rate they have set is reached.

Futures are the simplest means to eliminate any exchange risks and fix the future exchange rate of a given currency. Concerning stock exchange transactions, a required basic deposit is raised, then KELER evaluates all open positions as part of the daily clearing process, followed by Concorde crediting/debiting the amounts to the client accounts calculated based on the exchange rate changes.

If you are seeking opportunities to invest free foreign currency instruments available for a longer period, it may find it reasonable to take foreign currency bonds into consideration. In this regard we can offer a wide range of government bonds and corporate bonds from all over the world in over fifteen currencies.

There are government securities with a term of one year or less (i.e. treasury bills), and also ones with a term longer than one year (i.e. government bonds). With respect to interest bearing, they can have fixed or variable interest rates. Concorde is the primary distributor of the student loan bonds issued by the Student Loan Centre (Diákhitel Központ).

Concorde is the primary distributor of FHB Nyrt. mortgage bonds and bonds. These securities generally have a 3- to 10-year term, a fixed or a variable interest rate, they offer higher returns but are less liquid than government securities.