Fixed Income markets

Foreign Exchange
- 24 hour electronic trading of spots, outright forwards and swaps (including emerging currencies),
- 24 hour electronic trading of plain vanilla option products (including emerging currencies),
- trading of less usual currencies such as RUB, RON, etc.,
- flexible system of orders.

With these products:
- achieve better than outright forward rates,
- meet or recover a budget rate,
- optimize debt service,
- deposit funds with FX link and boosted yields.

Commodities
- 24 hour electronic trading of plain vanilla products (oil, gas, emission, metals)
Oil, gas, and other energy products, natural gas, emissions, base metals, precious metals, soft commodities.

With these products:
- trade commodities spot and forward (financial setlement only),
- hedge your exposure to commodities,
-  invest into securities or funds with or without capital guarantee.

Interest rate derivatives
- Forward Rate Agreements (FRAs),
- Interest rate and cross currency swaps,
- Simple interest rate options, zero cost collars,
- Complex derivative transactions with different underlyings assets.

With these products:
- protect companies against interest rate fluctuations,
- ensure the cash flow of project,
- shift debt burden from investment intensive periods,
- reduce the funding cost while taking advantage of a natural hedge,
- adjust the financing cost to variations in input cost,
- deposit the funds with enhanced yield linked to interest rates,
- link the investment to a basket of underlyings assets (including commodities, equities or FX).
     
Treasury
- deposits in all major currencies for the whole cash curve,
- broken periods and non standard amounts available.

Debt and credit markets
Origination and distribution of public bonds and private placements in Europe and in the US:
- setup of Euro Medium Term Notes (EMTN) programmes,
- strong distribution credentials especially in France, Spain, U.K., Germany and Italy,
- network of Schuldschein investors in Germany,
- dedicated research and rating advisory teams.


Equity Brokerage and Derivatives

- Financing based on listed, liquid shares,
- convertible and exchangeable bonds,
- brokerage and liquidity management (CA Cheuvreux).


Corporate and Investment Banking

Global loan syndication
- Syndicated funding both for corporates and financial institutions,
- the Bank ensures a successful presence in the EuroLoan market,
- close co-operation with dedicated teams in London,
- Club deals in the Euromarkets and Hungary,
- security of success in volatile conditions,
- respecting the relationship banks.

Investment Banking
- Initial and Secondary Public Offerings (including Paris, London markets),
- mergers and Acquisitions advisory and execution,
- special strength and reach with transactions involving French related counterparties.


Commercial banking - Cash management

Internet based e-banking (OPTIM-CLIC)
- Common platform for the CEE region, worldwide 24/7 access,
- full range of HUF and foreign currency payments and collections, including direct debit, direct credit and postal services,
- real-time statements, overview of entire financial position,
- secure mail module for free text messages and templates for specific instructions,
- security: personalised smart cards, customisable approval levels, public key encryption, client side audit log, audited by KPMG,
- can be fully integrated to any accounting system with its format-independent interface feature.

SWIFTNet Services
- FIN, FileAct services for payment orders (MT101 or Crédit Agricole CIB internal format),
- account statements in MT940 messages (can be customised).

Cash Pooling
- Domestic pools in HUF and foreign currencies as well (mono currency pools),
- zero balancing (ZBA) and/or notional interest pools,
- automated interest calculation and settlement,
- cross-border cash pools (ZBA or interest pool).

International Payments
- Speed and accuracy for STP (straight-through processing) capable payments including IBAN account number and BIC (SWIFT) code,
- express services available within and beyond Euro zone,
- contact the Bank for arranging direct access to several European and Asian domestic payment systems or for setting up collection accounts in such countries,
- correspondent banking: EUR and HUF accounts for banks.

Cash delivery and collection
- Physical delivery and collection of banknotes and/or coins to and from a company address anywhere in the country up to 10 MHUF per delivery
- regular dates or ad-hoc orders,
- the Bank accepts processing and delivery by a usual security company,
- alternatively, for large amounts, ask for the assistance in finding the right security and cash processing provider.


Structured finance

Export & Trade Finance
Export Finance – for importers of machinery and other high value goods as well!
- Buyer or supplier export credit guaranteed by public credit insurance agencies (MEHIB for export and a wide range of international agencies for securing capital goods import into Hungary),
- cofinancing with multilateral financial institutions (IFC, EIB, EBRD),
- most high value CapEx items may qualify for import financing, such as machinery, installations but also services provided by foreign contractors,
- long tenors and excellent terms in many cases,
- pre-export finance.

Trade Finance & Documentary services
- International bid bonds, advance payment bonds, performance bonds,
- letters of Credit, L/C confirmation, documentary collections,
- recourse or non-recourse purchase of commercial receivables, discounting, forfaitingNon-recourse purchase of trade receivables, export supplier's credit,
- further solutions for securing and financing cross-border commercial and commodity transactions.

Natural resources, Infrastructure, Power
- Recourse and non-recourse funding,
- assessing feasibility (economic, regulatory),
- preparation of financial models,
- setting up suitable financing structures (enhancing bankability),
- risk allocation,
- coordinating with legal, technical and other advisors,
- involvement of Financial Engineering,
- creation of term sheets, project documentation, information memorandum,
- arrangement and evaluation of bidding processes,
- screening of market acceptance for syndication.

Major sectors covered:
- Aviation & Rail,
- Infrastructure,
- Natural resources including Oil & Gas,
- Power & Utilities,
- Telecom & Media.

Structured Financial Services
- Asset based financing (large equipment, specific receivables),
- financial engineering (financial structure optimization, fiscal issues, etc.),
- equity based financing, assistance in an M&A process.


Research

The Banking Group provides award-winning research on various subjects including macroeconomics, foreign exchange, interest rates and commodities.

The first transaction in Hungary tracks back to 1874, when Crédit Lyonnais participated in the “Hungarian Loan” organized by Rothschild, with the aim to develop the recently united new capital, Budapest.

On occasion of the 1879 Great Flood in Szeged, Crédit Lyonnais dedicated its branches in France to collect donations for the sufferers.

During the first decade of the 20th Century, Crédit Lyonnais organized several consortia for the distribution of Hungarian bonds in France, among others, to the benefit of the city of Budapest.

Between the two World Wars, the activity in Hungary was focused on helping French retail investors to recover their pre-war investments.

Following the declaration of the new Republic of Hungary in 1989, the Group moved fast to establish a bank in the country. A representative office was opened already in January 1990, and upon government approval, a full banking subsidiary was created in July 1992.

Since October 2007, we operate as a branch of Crédit Agricole CIB, enabling our bank to directly rely on the strong credit rating, lending capacity and product range of our parent.

Located in Austria, the Crédit Agricole Group Liaison Desk "Eastern Europe" assists Crédit Agricole's mid-cap corporate customers with their international operations, by providing expertise on the local environment as well as by securing access to a wide spectrum of banking services abroad.

Contact:
Crédit Agricole Group Liaison Desk in Eastern Europe,
Hilton Office Center,
14th Floor,
Am Stadtpark 3,
A-1030, VIENNA

More information
 

Tamás MOLONTAY, General Manager 
François BOURG, Chief Operating Officer
Andràs BARTHA - Head of Coverage
Klàra FÖLDES - Director of Financial Institutions
László HAVAS - Local Fixed Income Manager

ADDRESS:
» Crédit Agricole CIB Budapest
József nádor tér 7, 1051, Budapest
T : + 36 1 327 9100
F : + 36 1 327 9150